Definitions for TrueValueMetrics
While TVM has a focus on the community and its progress, there are situations where sector analyisis is more efficient. A series of TVM modules are being developed that address issues that are specific to a sector.
One of the lessons learned from experience is that successful initiatives usually have deep understanding of the underlying science and technology of their business. Efficient and effective operations are usually the results of a profound knowledge of the way costs and values behave ... and decisions are made accordingly.
A separate series of workbook has been prepared to go into detail about the various sectors. What follows is a very abbreviated summary of some of the main sector issues.
Hunger ... famine ... starvation ... death are as much associated with food as abundance. Sustainable food production, food security and access to food has a TVM value related to life itself.
Water ... essential to life ... critical to agriculture and almost all production activities and terribly wasted. TVM value is big.
Shelter is a basic need ... tents in a refugee camp, shacks in an urban slum, urban apartments, suburban houses and mansions.
Clothing is a basic need ... and many levels of luxury as well
Lack of sanitation leads to polluted water and the spread of disease.
Security ... lack of physical violence ... conflict and war. Huge impact on quality of life way beyond the direct death and injury.
Jobs ... opportunity.
Jobs and economic opportunity have large value ... a huge multiplier effect on the quality of life.
Good health is valuable ... bad health is costly to treat and has associated negative economic impact
Children learn a lot from parents and society ... and the system of education and training. A big value for society.
All weather roads make a big difference to economic performance. They cost a lot ... but improve productivity.
Where there is economic activity ... communications can improve know how and decision making.
Entertainment ... culture.
Social interaction, in their many forms are a very important part of the quality of life ... religion. music dance, art, drama, sports!
Financial services help a society to function. History reports abusive financial service practices from ancient times ... nothing new, but controls like TVM value accounting need to be in place.