image missingTrue Value Metrics (TVM)
Meaningful Metrics for a Smart Society
image missing Navigation ... HOME
HOME BRIEF PROBLEMS
POSSIBILITIES
SYSTEM
OVERVIEW
PROGRESS
PERFORMANCE
STATE
CAPITALS
FLOW
ACTIVITIES
FLOW
ACTORS
EFFECTIVE
MANAGEMENT
PETER
BURGESS
SiteNav SitNav (1) SitNav (2) SitNav (3) SitNav (4) SitNav (5) SitNav (6) SitNav (7) SitNav (8)
Date: 2019-09-19 Page is: DBtxt001.php list0300-Transparency-1

Definitions for TrueValueMetrics
Transparency

Transparency and accountability are important. However, much of the dialog is theoretical ... rather little is being done to make transparency and accountability a norm for all the economic actors. As time goes by, there is more and more sophisticated talk ... but still nothing that is practical. Transparency and accountability are all but impossible to have without an appropriate structure for data acquisition, analysis, reporting and public access.

Making transparency actionable. TVM has a structure that allows it to acquire data even when major socio-economic actors are unwilling to participate. While the non-participation of major economic actors makes data acquisition more difficult ... it is not impossible ... and the role of TVM becomes t is even more important.

Simply put ... it may be possible for an economic actor to hide how it operates internally, but with TVM it is impossible for any substantial economic actor to hide from the impact of its activities. Inappropriate activities with anti-social outcomes are only sustainable when there is no visibility for these activities and outcomes!

The concept of double entry described later creates a very powerful tool for financial control and accountability. Either there is the money that can be counted or there is the product or service that has been bought. The money value representation of the one equals the other. When money buys less than it should ... this can be identified. In a good system of accounting, the double entry characteristic can be used to ensure that nothing is stolen without more than one person knowing about it!

In the context of the TVM initiative, a dialog about privacy and what must be reported to the public by an economic actor has no relevance. Rather the public simply puts on the record what the impact of the economic actor is on the community ... and the actor may choose to be responsive or not.

What goes on when nobody is looking! All sorts of bad things go on when nobody is looking. TVM has a structure so that someone is always going to be looking ... and putting the observations on the record. Observing what is good is, however, just as important as reporting what is bad!



The text being discussed is available at

SITE COUNT
Amazing and shiny stats
Blog Counters Reset to zero January 20, 2015
TrueValueMetrics (TVM) is an Open Source / Open Knowledge initiative. It has been funded by family and friends plus donations from well wishers who understand the importance of accountability and getting the management metrics right. TVM is a 'big idea' that has the potential to be a game changer leveling the playing field so the wealth and power is shared on a more reasonable basis between people who work for a living and those that own the economy and the levers of power. In order to be effective, it cannot be funded in the conventional way with a for profit business plan, but absolutely must remain an open access initiative.
WE WANT TO MAINTAIN AN OPEN KNOWLEDGE MODEL
A MODEST DONATION WILL HELP MAKE THAT HAPPEN


The information on this website may only be used for socio-enviro-economic performance analysis, personal information, education and limited low profit purposes
Copyright © 2005-2019 Peter Burgess. All rights reserved.