image missingTrue Value Metrics (TVM)
Meaningful Metrics for a Smart Society
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Date: 2017-11-23 Page is: DBtxt001.php n1-MainNav

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(1) ISSUES / SYSTEMIC DYSFUNCTION
SYSTEMIC DYSFUNCTION IN THE SOCIO-ENVIRO-ECONOMIC SYSTEM
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(1) ISSUES / SYSTEMIC DYSFUNCTION
SYSTEMIC DYSFUNCTION IN THE SOCIO-ENVIRO-ECONOMIC SYSTEM
Civil war / Genocide / Hunger / Poverty / Homelessness / Devastation
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OVERVIEW / THE ARC OF HISTORY
OVERVIEW / THE ARC OF HISTORY
THERE ARE MANY IMPORTANT FACTORS THAT INTERACT IN COMPLEX WAYS
There is progress, but at the same time the progress has been rather modest compared to what is technically possible. There are thousands of issues that have not been addressed and far too many constraints on efficiency and rapid progress. Very few people in leadership positions seem to understand the complexity of the system and its amazing possibilities.
Open L07-HISTORY

Open L07-ISSUES

Open L07-SEES

Open L07-TRENDS

THOUSANDS OF ISSUES
SYSTEM DYSFUNCTION NEEDS SYSTEM SOLUTIONS

NAVIGATION TO ISSUES
ISSUES ... what is in the contemporary dialog
NAVIGATION to thousands of textfile webpages organized in download sequence (chronological) ... a timeline of what people are writing about. These webpages contain text from a variety of sources including news reports, websites etc about issues that have a high profile at the current time.
Open L0200-ISSUES-Chrono
ISSUES ... about specific issues
NAVIGATION to thousands of webpages organized by ISSUE / SUBJECT alphabetical ... building a framework for understanding
Open L0200-ISSUES-Alpha GO n1-SlideNav-for-TVA #ISSUES
ISSUES - Focus on groups of issues
NAVIGATION via clusters of issues that are more or less related
Open L0200-ISSUES-Clusters

NEWS - STORIES - COMMENTARY
NAVIGATION via MEDIA ORGANIZATION
Open L0200-ISSUES-MEDIA-NEWS

SOME OF THE MOST CRITICAL ISSUES ... CLUSTERS OF ISSUES
ISSUES - Focus on a selection of key issues
SOME KEY ISSUES MOST RELEVANT TO THE PERFORMANCE OF THE SOCIO-ENVIRO-ECONOMIC SYSTEM
Open L0200-ISSUES-Top-Few
ISSUES involving BANKS, MONEY AND FINANCIAL SERVICE ORGANIZATIONS
DYSFUNCTION IN BANKING AND FINANCIAL SERVICES CAN POSE AN EXISTENTIAL CRISIS FOR THE SOCIO-ENVIRO-ECONOMIC SYSTEM
Open list0300-Banking-Finance-Money
ISSUE ... THE PROBLEM OF SYSTEMIC DYSFUNCTION
Modern Western performance optimization is all about investors and wealth, and rather little about the impact on people and planet. Wealth creation is about the money dimension without taking into consideration the externalities that effect people and nature.
Open L0300-Systemic-Dysfunction
ISSUE ... UNSUSTAINABLE ECONOMIC TRENDS
Economists have identified many of the important unsustainable economic trends, but hardly any meaningful political action has been taken to solve the underlying systemic problems.
Open L0300-Economic-Trends
ISSUE ... IGNORING CLIMATE CHANGE
Scientific researchers have identified climate change as a major existential risk for our socio-enviro-economic system that gets worse and worse the longer it is ignored.
Open L0300-Climate-Change
ISSUE ... INADEQUATE METRICS
YOU MANAGE WHAT YOU MEASURE ... THEREFORE MEASURE WHAT MATTERS
Profits. money wealth, stock prices and GDP growth are measures that work for owners, but less so for everyone else. They are inadequate because they only consider the economic or financial dimension of the system, ignoring society and ignoring nature and the environment. There are many issues including the way accounting has been gamed to allow reporting that would normally not be allowed if the basic fundamental principles of double entry accoutancy were being applied.
We need better metrics for everything that is important in the socio-enviro-economic system. We need metrics to enable people to make better decisions so that the performance of the complex enviro-socio-economic is as good as possible. There are many different approaches to better metrics and many different actors involved in research and development of better metrics.
There is a mistaken idea that more organizational profit results in better quality of life when more profit is often achieved with less payroll and there is a related drop in quality of life. Less spending on pollution control may result in higher profits, but it comes at the expense of more pullution and assiated bad impacts.
PROFITS, MONEY WEALTH, STOCK PRICES and GDP GROWTH are inadequate metrics as they only consider the economic or financial dimension of the system, ignoring society and ignoring nature and the environment. We need better metrics for everything that is important. We need metrics to enable people to make better decisions so that the performance of the complex enviro-socio-economic is as good as possible.
Open L0300-Wrong-Metrics

Open L070-METRICS-0-OVERVIEW

Open list0300-Accountancy

COMPLEXITY - THE COMPLETE COMPLEX SYSTEM GO TOP
THE SOCIO-ENVIRO-ECONOMIC SYSTEM
SYSTEM COMPRISING PEOPLE, NATURE AND PEOPLE BUILT STRUCTURES AND SYSTEMS
This is a very complex system, and very powerful but almost impossible to manage. There is amazing potential and existential risks. The challenge is to optimize decision making on top of a very complex system. The mathematics suggests that this cannot be done successfully, especially using the 'top-down' decision making that has been the norm throughout history. However, something vastly better than what exists today is possible, and a strating point for this is more appropriate meaningful metrics.
Open L07-SEES GO SlideNav-for-TVA #SEES
SOCIAL CAPITAL ... THE PEOPLE COMPONENT
Putting PEOPLE at the center of the system changes the dynamic of almost everything ... but this is only possible if there are metrics to match.
InPage to (4) PEOPLE
NATURAL CAPITAL ... NATURE AND NATURAL SYSTEMS
LAND, WATER, AIR, CARBON, NITROGEN, PHOSPHORUS, CLIMATE INSTABILITY, BIO-SYSTEMS
In the end it is NATURE that limits everything. Humankind has used nature to support its progress without understanding enough the limitations. This has to change.
InPage to (5) NATURE
CREATED CAPITAL ... PEOPLE BUILT STRUCTURES AND SYSTEMS
CREATED CAPITAL has been responsible to the amazing improvement in quality of life and standard of living over time. These include FINANCIAL SYSTEMS, PHYSICAL SRUCTURES and INTANGIBLES (KNOWLEDGE CAPITAL, INSTITUTIONAL CAPITAL and CULTURAL CAPITAL)
... CC - PHYSICAL InPage to (6) PBS-PHYSICAL
... CC - FINANCIAL InPage to (7) PBS-FINANCIAL
... CC - KNOWLEDGE InPage to (8) PBS-INTANGIBLES
... CC - INSTITUTIONAL InPage to (8) PBS-INTANGIBLES
... CC - CULTURAL InPage to (8) PBS-INTANGIBLES

MULTIPLE PERSPECTIVES GO TOP
MULTIPLE PERSPECTIVES ... NOT JUST ONE
FOR PEOPLE ... IN SOCIETY ... IN A PLACE ... FOR AN ORGANIZATION ... FOR NATURAL SYSTEMS ... ETC
In a very complex interconnected system it is important to look at progress and performance from all the different possible perspectives. Since decisions usually result in outcomes that impact different elements of the system in different ways, keeping track of progress and performance from all perspectives is essential. This is missing from conventional accounting that is limited to the perspective of the reporting entity.
GO SlideNav-for-TVA #VIEWS
THE PEOPLE PERSPECTIVE InPage to (4) PEOPLE
THE PLACE PERSPECTIVE InPage to (9) PLACE
THE PRODUCT PERSPECTIVE InPage to (10) PRODUCT
THE ORGANIZATION PERSPECTIVE InPage to (11) ORGANIZATION
THE FINANCIAL PERSPECTIVE InPage to (7) PBS-FINANCIAL

(2) IDEAS / THINKERS / POSSIBILITIES
HUNDREDS OF IDEAS ... BUT NOT MANY GET THE TRACTION NEEDED TO MAKE A DIFFERENCE
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(2) IDEAS / THINKERS / POSSIBILITIES
HUNDREDS OF IDEAS ... BUT NOT MANY GET THE TRACTION NEEDED TO MAKE A DIFFERENCE
Good people / Thinkers / Possibiities
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IDEAS
NAVIGATION by IDEAS by THEME / SUBJECT in ALPHABETICAL SEQUENCE
Hundred of ideas ... the world is not short of IDEAS, but very few move beyond being an idea even to the next stage of being an INITIATIVE. In many case an IDEA may be associated with many different people. Sometimes an IDEA can be very powerful, but most IDEAS fail to get much traction.
Open L0200-IDEAS GO n1-SlideNav-for-TVA #IDEAS

THINKERS
NAVIGATION TO THINKERS / PEOPLE ... THOUGHT LEADERS ... in ALPHABETICAL SEQUENCE
Open L0200-PPL-THINKERS

DIALOG
PETER BURGESS CONVERSATION about the development of True Value Accounting (TVA)
Open L0200-DIALOG

POSSIBILITIES
AMAZING TECHNOLOGICAL PROGRESS SHOULD BE THE BASIS FOR AMAZING SOCIAL PROGRESS
In some ways there has been amazing social progress, but there is still a lot to be done. There is a huge underutilized potential to use technology for GOOD, but in the main it the power of technology is used mainly for MONEY. Change the way the metrics are done, and we will change the way the decisions are made! The power of knowledge and technology has the potential to make the world a better place, but this won't happen unless it is managed in a good way.

MULTIPLE BOOK LENGTH MANUSCRIPTS by TPB
Working papers and draft text of books, reports and other material as TrueValueMetrics and True Value Accounting has evolved
Open n1-Burgess-Manuscripts
Incomplete Burgess Book Draft from 2005 / Management-Information-for-Relief-and-Development
Based on experience from the 1970s to the early 2000s ... draft written around 2005 ... Some Critical Reforms to Catalyze Socio-Economic Progress ... 95 pages
This contians many anecdotes about personal experience in both corporate management and working as a consultant for the World Bank, the United Nations and others.
'../../DBpdfs/Burgess/Book-Management-Information-for-Relief-and-Development/Book-Management-Information-for-Relief-and-Development-060906a.pdf'
Open PDF ... 95 pages
Incomplete Burgess Book Draft from 2006 / Revolution Change for Relief and Development
Based on experience from the 1970s to the early 2000s ... draft written around 2006 ... Some Critical Reforms to needed to improve the International Relief and Development Sector ... 361 pages
'../../DBpdfs//Burgess/Book-2/TAN-book-002-061016k-RDS-Revolutionary-Change.pdf'
Open PDF ... 361 pages

(3) BETTER METRICS
TRUE VALUE ACCOUNTING (TVA)
YOU CAN'T MANAGE WHAT YOU DON'T MEASURE ... BUT YOU MUST MEASURE THE RIGHT THINGS
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(3) BETTER METRICS - TRUE VALUE ACCOUNTING (TVA)
YOU CAN'T MANAGE WHAT YOU DON'T MEASURE ... BUT YOU MUST MEASURE THE RIGHT THINGS
TVIA / Human Capital / Corporate Profits / Nature / Dysfunctional Money
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SYSTEMIC DYSFUNCTION OF EXISTING METRICS
EXISTING METRICS NO LONGER RESULT IN OPTIMAL DECISION MAKING This is a foundational systemic problem that must be resolved. There is an unhealthy focus on increasing profit for owners without taking into consideration the related impact on society and the environment cannot work and will certainly result in two critical existential threats (1) the inability of the environment to sustain humanity in the way we have become accustomed; and (2) social unrest that cannot be constrained.
http://www.truevaluemetrics.org/DBpdfs/Books/TVA-2015/Book-TVA-Volume-1-Dysfunction-of-the-Global-Socio-Enviro-Economic-System-151224d.pdf
Open L0300-Systemic-Dysfunction Open PDF ... Dysfunction of the SEE System
TRUE VALUE IMPACT ACCOUNTING (TVIA)
GOOD METRICS ARE ESSENTIAL FOR DECISION MAKING ... FOR ACCOUNTING AND ACCOUNTABILITY.
There is amazing technology but mostly used simply to enable the accumulation of money wealth without taking into account the impact of economic transactions on people, society, nature and the environment.
True Value Impact Accounting (TVIA) builds on the core concepts of conventional double entry accounting and management accounting.
TVIA is a system for the measurement and reporting of impact on all the capitals based on conventional accounting, but designed to suit the modern complex world in a way that is both simple, easy to understand, easy to use and powerful. The system is designed to measure everything that really matters. It embraces some of the powerful concepts of double entry accounting and applies them not only to money transactions but to everything important not transacted in money.
A modern system of accounting and accountabilty should be based on the concept of double entry accounting together with the idea that ALL components of the system should be subject to a universal and uniform framework of measurement that takes everything into consideration.
Open L070-TVIA

Open L070-CC-CORE-CONCEPTS
GO n1-SlideNav-for-TVA #FC

GO n1-SlideNav-for-TVA #CONCEPTS
OTHER INITIATIVES TO DEVELOP BETTER METRICS
Many organization recognize that it is important to measure a lot more than the only the money dimension of the socio-enviro-economic system, and there are many complex measures that are being used to understand how the various bits of the system work.
Many of these initiatives are very good, but there is no framework to make it easy to report on the performance of the system as a whole. In the absence of such a framework, the default measure becomes the prevailing money wealth based set.
While there are many different approaches to better metrics and many different actors involved in research and development of better metrics, none seem to have the bigger goal of a better universal, coherent, comprehensive framework of measurement.
Open n8-METRICS-ByOrganization

Open n8-METRICS-ByPeople

Open L0200-METRICS

(4) PEOPLE / HUMAN CAPITAL / SOCIAL CAPITAL
THE PEOPLE ECONOMY ... QUALITY OF LIFE / STANDARD OF LIVING / HUMAN CAPITAL AND SOCIAL CAPITAL
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(4a) PEOPLE / HUMAN CAPITAL
THE PEOPLE ECONOMY ... QUALITY OF LIFE / STANDARD OF LIVING / HUMAN CAPITAL AND SOCIAL CAPITAL
Human Capital / Stages of Life / Babies / Children / Adults / Seniors
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THE VALUE OF PEOPLE / HUMAN CAPITAL
PEOPLE / HUMAN CAPITAL
THE PEOPLE ECONOMY ... QUALITY OF LIFE / STANDARD OF LIVING / HUMAN CAPITAL AND SOCIAL CAPITAL
Open L0700-HC-HUMAN-CAPITAL GO n1-SlideNav-for-TVA #PEOPLE

QUALITY OF LIFE
QUALITY OF LIFE
QUALITY OF LIFE is the foundational value associated with the a person, a family and a community. Many things go into quality of life, some are essential needs that must be satisfied and some are personal preferences. Products ... that is goods and services of many types are needed to support quality of life.
Open L070-QL-QUALITY-OF-LIFE

(4b) COMMUNITY / SOCIAL CAPITAL
THE SOCIAL ECONOMY ... SOCIETY / QUALITY OF COMMUNITY / THE SOCIAL DIMENSIONS OF QUALITY OF LIFE
Social Capital / Families / Social Interaction
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CONNECTIONS / NETWORKS
PEOPLE / NETWORKS / CONNECTIONS
Networks and connections have always been important ... but have much more importance in the modern very connected world
Some of the people that have had or are having some influence on the development of TVA ... for good and bad
Open L0200-PEOPLE
THINKERS
NAVIGATION TO THINKERS / PEOPLE ... THOUGHT LEADERS ... in ALPHABETICAL SEQUENCE
Open L0200-PPL-THINKERS
PEOPLE / CONNECTIONS ... Burgess Linkedin Connections
Peter Burgess Linkedin Connections ... family name alphabetical ... several thousand
Open list 0600L-Alphabetical

(5) NATURE AND NATURAL SYSTEMS
NATURAL RESOURCES, ESSENTIAL BIO-SYSTEMS, NATURAL EQUILIBRIUM CONTROL AND A WHOLE LOT MORE
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(5) NATURE AND NATURAL SYSTEMS
NATURAL RESOURCES, ESSENTIAL BIO-SYSTEMS, NATURAL EQUILIBRIUM CONTROL AND A WHOLE LOT MORE
Planet Earth / Water / Trees / Climate instability / Resource depletion /
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MOTHER NATURE / NATURAL CAPITAL
LAND, WATER, AIR, CARBON, NITROGEN, PHOSPHORUS, CLIMATE INSTABILITY, BIO-SYSTEMS
More important than anything else. In the long run, Mother Nature wins. Mother nature is responsible for everything we have today ... everything ... and we shoiuld not forget this!
Open L0700-NC-NATURAL-CAPITAL GO SlideNav-for-TVA #NC

NATURE'S LIVING SYSTEMS
NATURAL CYCLES, ECOSYSTEM SERVICES, CLIMATE SYSTEMS
The living systems of nature ... including human beings ... are extremely complex and quite amazing. Despite the amazing growth in knowledge during the last century very little is known about the deep intricacies of these natural living systems. What is now known is that they are immensely important for sustaining the enviro-socio-economic system that is key to quality of life and standard of living.
Open L0700-NC-NATURES-LIVING-SYSTEMS GO SlideNav-for-TVA #NATSYS

ENVIRONMENT
RESOURCE DEPLETION, ENVIRONMENTAL DEGRADATION AND ECOSYSTEM REMEDIATION
NATURAL CAPITAL has been diminished significantly since the beginning of the modern era ... since the start of the agricultural revolution and then the industrial revolution. There has been resource depletion and environmental degradation that has not been taken into account in the metrics of socio-economic performance and no credit given for ecosystem remediation, an activity now growing, but long overdue.

AIR / ATMOSPHERIC DEGRADATION
ESSENTIAL FOR LIFE SUPPORT, BUT BEING USED AS A DUMP FOR GASEOUS WASTES
Air is essential for human life, but air pollution has been one of the unintended consequences of progress towards a better quality of life and standard of living, and may now be one of the biggest risks mankind has ever faced.
Open L0700-NC-AIR

LAND
Much of the land on planet earth is either desert or mountain and unsuited to human habitation. Some people in the modern consumer economy are using more than their fair share of the land to support their lifestyle. Land is being developed into urban conurbations and for industrial scale agriculture reducing the land that is available for natural ecosystem services critical for the sustainability of the enviro-socio-economic system.
Open L0700-NC-LAND GO SlideNav-for-TVA #LAND

WATER
USED FOR HUMAN CONSUMPTION, INDUSTRY, AGRICULTURE AND NATURAL SYSTEMS
There is more water than land on planet earth, but only a small part of the water is potable freshwater. Most is saline in the oceans. Water is vital to life. A human will die after three days without any hydration and freshwater is increasingly scarce.
Open L0700-NC-WATER GO SlideNav-for-TVA #WATER

NATURAL RESOURCES / MINERALS / RAW MATERIALS
MINERALS, FOSSIL FUELS, TIMBER, BIO-DIVERSITY

NATURAL RESOURCES / ENERGY FOSSIL FUELS
MINERALS, FOSSIL FUELS, TIMBER, BIO-DIVERSITY

BIO-DIVERSITY / NATURE'S RESILIENCE
FAUNA AND FLORA ... MILLIONS OF SPECIES ... MANY UNKNOWN
GO SlideNav-for-TVA #BIODIV

SUN ... SOURCE OF ALL ENERGY
The sun is the source of all the energy that is available on the earth. The natural systems that convert the energy of the sun into other forms of energy that endure through time are critical for the sustainability of the planet, but poorly understood both in science and more dangerously by policy makers.
Open L0700-NC-SUN

SUSTAINABILITY / PLANETARY BOUNDARIES
The word SUSTAINABILITY is used sometimes merely to refer to the ongoing success of a business organization, but in the context of TrueValueMetrics, it refers also to the ability of natural systems to provide the essential services that the world requires to sustain human life as we know it.
Open L0700-NC-SUSTAINABILITY

CLIMATE
The CLIMATE system is one of the biggest and most complex systems on the planet AND it will drive change in every biological / natural system in ways that are difficult to predict.
Open L0700-NC-CLIMATE

(6) PBS - PHYSICAL ECONOMY
TECHNOLOGY, MACHINERY, PRODUCTS, PROCESSES, VEHICLES, INFRASTRUCTURE
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(6) PBS - PHYSICAL ECONOMY
TECHNOLOGY, MACHINERY, PRODUCTS, PROCESSES, VEHICLES, INFRASTRUCTURE
Bridges / Rail / Water / Ports /
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PHYSICAL CAPITAL
TECHNOLOGY, MACHINERY, PRODUCTS, PROCESSES, VEHICLES, INFRASTRUCTURE
Physical capital is the product, factories, plant and equipment associated with business operations, as well as the infrastructure used for transport, communications, energy and so forth owned in both the public and private sector. Physical capital has costs to operate, needs maintenance and depreciates over time. The efficient performance of this physical capital determines how much quality of life there can be relative to the consumption of non-renewable resources.
Open L0700-PBS-PC-PHYSICAL-CAPITAL GO SlideNav-for-TVA #PC

INFRASTRUCTURE
NAVIGATION BY SECTOR
Much of the data and relationships in business are organized according to sector. This facilitates efficiency but creates 'silos' and inhibits 'out of the box' innovation
Open L070-IS-INFRASTRUCTURE Open SlideNav-Sectors-Processes

PRODUCTION / PROCESSES / PLANT AND EQUIPMENT
NAVIGATION BY SECTOR
Much of the data and relationships in business are organized according to sector. This facilitates efficiency but creates 'silos' and inhibits 'out of the box' innovation
Open L0700-CC-PROCESSES Open SlideNav-Sectors-Processes

SECTOR / STRAND
WHERE SPECIALIZATION ENABLES HIGH PERFORMANCE ... OR NOT
Open L070-SS-STREAMS-STRANDS-STRINGS GO SlideNav-for-TVA #SECTORS

SUPPLY CHAIN
The supply chain is part of the way business has organized to optimize for efficiency where business efficiency is measured in profit and ROI.
Open list0300-Supply-Chain
WASTE-CHAIN
Open in slideshare

(7) PBS - FINANCIAL ECONOMY
THE PROFIT METRIC, FINANCIAL WEALTH, MONEY, BANKING AND FINANCE
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(7) PBS - FINANCIAL ECONOMY
THE PROFIT METRIC, FINANCIAL WEALTH, MONEY, BANKING AND FINANCE
Money / Profit growth / GDP growth / Stock Prices / Cost push inflation / Wages chasing prices
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TRENDS IN THE FINANCIAL ECONOMY
Open L0M00-FINANCIAL
BANKING AND THE FINANCIAL SERVICES SECTOR / CAPITAL MARKETS
There are thousands of ISSUES specific to the banking and financial services sector
Since the 1980s, financial capital has grown at an impressive compound rate ... in large part because it is the only part of the socio-enviro-economic system with a coherent set of metrics for financial performance.
The nature of finance and investment has changed over the years. Physical assets have lower importance in financial thinking now than in the past. Anything that earns profit has investment value not matter what its related value destruction (which is not measured in conventional metrics).
The SECTOR that makes up the banking and financial services industry has become huge and complex. The sector provides the essential ecosystem to enable flows of money and securities. The sector has become immensely profitable (which is measured) but perhaps not very valuable (which is not)!
Money is important for QUALITY of LIFE, not per se, but in order to pay bills. This must come from money income (jobs/employment) or accumulated money wealth
There are thousands of ORGANIZATIONS that provide banking and financial services, the essential ecosystem of money, banking and finance.
Open list0300-Banking-Finance-Money

Open L0700-CFC-CREATED-FINANCIAL-CAPITAL

Open L0700-CFC-Money

Open L0700-CFC-Finance-Investment

Open L0700-SI-BANKING-FINANCIAL-SERVICES

Open L0700-QL-INCOME-jobs-employment

Open L0200-ORGS-BANKS-FINANCIAL-SERVICES
GO SlideNav-for-TVA #FC
MONEY BASED METRICS / FINANCIAL ENGINEERING
There are many issues with conventional money based accounting and related performance indicators ... PROFIT / STOCK PRICES / ROI
Money is the dominant metric in the modern economy both for the analysis of wealth, corporate performance and stock market values Money metrics are at the core of modern economic analysis and conventional accounting, but this metric ignores all externalities and impact on people/society and planet/environment Money has ancient origins ... but is being used in many ways that are little undestood and potentially very dangerous
PROFIT is the conventional measure of business performance, but it is insufficient for the modern world in the 21st century. TRIPLE BOTTOM LINE comprising measures for PROFIT, PEOPLE and PLANET is better. Trua Value Accounting (TVA) is being developed to solve this problem.
Open list0300-Banking-Finance-Money Open L0700-TVA-OVERVIEW

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KNOWLEDGE, KNOW-HOW, IP, GOODWILL, REPUTATION, RULE-OF-LAW, SECURITY>/b>
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PEOPLE BUILT SYSTEMS ... INTANGIBLE CAPITAL
THIS HAS BEEN THE SOURCE OF A HUGE AMOUNT OF FINANCIAL WEALTH OVER THE PAST 50 YEARS
One of the benefits of True Value Accounting is bringing some clarity to the role that INTANGIBLE CAPITAL is playing in the progress and performance of the socio-enviro-economic system. It is increasingly apparent that the growth of intangible capital has enabled inequity in important ways.

Open L0700-CIC-CREATED-INTANGIBLE-CAPITAL
FINANCIAL / GOODWILL
Capital markets have made the financial intangible of goodwill bigger than real tangible assets!

Open L0700-CFC-Financial-Goodwill
KNOWLEDGE / BASIS FOR INNOVATION
MODERN KNOWLEDGE IS AMAZING - BUT COULD BE USED BETTER
Knowledge is the result of study, research and learning. Knowledge is a critical enabling factor for the efficient functioning of the modern enviro-socio-economic system. Knowledge has increased very rapidly in the past century, and there are massive amounts of new knowledge every day. The challenge is to use this knowledge in the most valuable and positive way for the benefit of society, This has not been the experience over the past fifty years, and has to change. There is a huge amount of knowledge now compared to the past, and it is growing exponentially. The question is whether or not knowledge will be used for good or ill.
Open L0700-CIC-Knowledge-Capital

Open L0700-CIC-Technology
GO SlideNav-for-TVA #KNOWLEDGE
ENABLING ENVIRONMENT / GOVERNMENT / LAWS, RULES AND REGULATIONS
GOVERNANCE / LAWS, RULES AND REGULATIONS / TAX REGIME / GOVERNMENT INCENTIVES / SECURITY / COMPANIES / INSTITUTIONS / ETC

Society has had laws, rules and regulations for thousands of years. These are needed, but they should be efficient and fair and not gamed for the benefit of powerful special interests.
Open L0700-CIC-Government
ENABLING ENVIRONMENT / INSTITUTIONS
GOVERNANCE / ENABLING ENVIRONMENT / LAWS, REGULATIONS / SECURITY
This is the framework that enables much of People Built Structures and Systems to be effective. The modern enviro-socio-economic system has been built on top of and around an enabling environment comprising governance systems, rule of law, rules and regulations, systems of justice and law enforcement, property rights, ownership of intellectual property, structures of government and governance, structures for corporate organizations and so on.
Open L0700-CIC-Institutional-Capital
PRODUCT SAFETY / PERSONAL AND NATIONAL SECURITY
PRODUCTS / LOCAL, NATIONAL AND INTERNATIONAL SECURITY
A competent and strong military is important ... but competent, strong dimplomacy is even more important.
Open L0700-PBS-IC-
SAFETY-SECURITY
CULTURE / ARTS / RELIGION / RECREATION
PRODUCTS / LOCAL, NATIONAL AND INTERNATIONAL SECURITY
A competent and strong military is important ... but competent, strong dimplomacy is even more important.
Open L0700-PBS-IC-
CULTURE-ARTS-RELIGION-RECREATION

(9) PLACE
WHERE PEOPLE LIVE THEIR LIVES ... CITIES, REGIONS, COUNTRIES
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(9) PLACE
WHERE PEOPLE LIVE THEIR LIVES ... CITIES, REGIONS, COUNTRIES
PLACE: Cities / Neighborhood /
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PLACE
WHERE PEOPLE LIVE THEIR LIVES / CITIES, REGIONS, COUNTRIES
Everything happens in PLACE, it is where people live and work and play, and, it is where economic activity consumes resources, degrades the environment and produces products that a needed and wanted by people.
Open L0700-RE-PLACES

Open L070-PL-PLACE
GO SlideNav-for-TVA #PLACE

PLACE - COMMUNITY
Community is an instance of a PLACE. It is small enough to be easy to understand, and therefore easier to manage Community is small enough for issues to be meaningful for the day to day life of people who live their lives in the community
Open L0200-COMMUNITIES

CITIES, URBAN COMMUNITIES
Cities and urban communities are instances of PLACE. They may have a very large population and are more difficult to understand and manage
Open L0200-CITIES

COUNTRIES
Country level data provide the dominant metrics used by organizations like the World Bank, the United Nations and others in the assessment of socio-economic progress and performance. In TVM we want to go deeper than the country level metrics ... the country is a start.
Open L0200-COUNTRIES

REGIONS
In this context, a region is a group of countries such as the Middle East, or Europe or some group of countries such as NATO or the Horn of Africa.
Open L0200-REGIONS

STATE or AREA
A STATE or AREA is a part of a country. It may be delineated by some physical geographic characteristic or it may be defined administratively. The Nile River basin would be an example of a physical characteristic. A Province in Canada or a State in the United States are examples of administative delineation.
Open L0200-AREAS

(10) STREAMS / PRODUCTS / PROCESSES / SECTOR
PRODUCTS ENABLE QUALITY OF LIFE AND STANDARD OF LIVING ... PRODUCTS STREAM THROUGH THE SYSTEM PULLING EVERYTHING TOGETHER
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(10) STREAMS / PRODUCTS / PROCESSES / SECTOR
PRODUCTS ENABLE QUALITY OF LIFE AND STANDARD OF LIVING ... PRODUCTS STREAM THROUGH THE SYSTEM PULLING EVERYTHING TOGETHER
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STREAMS / STRANDS / STRINGS
The connections everything has with everything else
Open L070-SS-STREAMS-STRANDS-STRINGS
PRODUCTS
STUFF THAT IS ESSENTIAL FOR QUALITY OF LIFE FOR PEOPLE
PRODUCTS are a key link between the PLANET or Natural Capital and People or Human Capital. Product is both goods and services, and it is these that deliver people what they need to improve and maintain their quality of life and standard of living
Open L070-PD-PRODUCTS GO SlideNav-for-TVA #PRODUCT
PROCESSES / PRODUCTION
Within industries there are manufacturing and business processes. Business processes have different characteristics and different impact on the various capitals.
Open L070-PC-PROCESSES GO SlideNav-for-TVA #PROCESSES
SECTORS / INDUSTRIES
Where expertise and technology is very specialized
Open L070-SI-SECTORS-INDUSTRIES
MATERIALS
Many characteristics of a PRODUCT are determined by the MATERIALS that are used in their production
Open L0200-MATERIALS

(11) ORGANIZATION / ORGANIZATIONS
AN ESSENTIAL ELEMENT IN THE SYSTEM THAT ALLOWS FOR SCALE AND PERFORMANCE EFFICIENCY
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(11) ORGANIZATION / ORGANIZATIONS
AN ESSENTIAL ELEMENT IN THE SYSTEM THAT ALLOWS FOR SCALE AND PERFORMANCE EFFICIENCY
ORGANIZATIONS: Banks / E-Business / Big retail / Franchise chains / Small business
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ORGANIZATION / ORGANIZATIONS
THE IDEA OF ORGANIZATION / BIG PROJECTS TAKE ORGANIZATION / THINK THE PYRAMIDS IN EGYPT

WITHOUT ORGANIZATION THERE IS CHAOS. There are many ways to organize, but the primary goal of organization is to do something with efficiency. Measurement is an essential part of effective organization.
ORGANIZATIONS ARE USED TO IMPLEMENT IDEAS. There are many ways to organize. Organizations have been a very important part of economic and financial performance for several hundred years. The metrics used in for-profit organizations to manage profit improvement have been very effective, but insufficient because they have ignored externalities up until now.
Open L0700-RE-ORGANIZATIONS
Organizational Capital
Organizational Capital is one of the components of CREATED INTANGIBLE CAPITAL ... and very important in the creation over time of an unusual amount of 'goodwill' that has been an important driver of the growth of FINANCIAL CAPITAL
Open L0700-CIC-Organizational-Capital

NAVIGATION VIA DIFFERENT GROUPS OF ORGANIZATIONS
There are many types of organizations, and many individual organizations. All of them have different characteristics. Some are making profit and doing good. Others are making profit and doing immense damage to society and / or the environment. We need to know a lot more about these characteristics in a way that is efficient, timely and relevant.
All sorts of Organizations
Unclassified
Open L0200-ORGS-MAIN
Companies
Manufacturing, resource extraction, distribution, etc. (not banking)
Open L0200-ORGS-COMPANIES
Accounting
Professional firms / Professional issues
Open L0200-ORGS-ACCOUNTING
Banking and Finance
Banks and Financial Service Organizations
Open L0200-ORGS-BANKS-FINANCIAL-SERVICES
Initiatives
Projects and organizations implementing an idea
Open L0200-ORGS-INITIATIVES
Multilaterial Organizations (MLOs)
Development Banks, United Nations, Area organizations
Open L0200-ORGS-MLOs
Cooperatives
Cooperatives / Collectives / Mutual organizations
Open L0200-ORGS-COOPERATIVES
SMEs
Small and Medium Sized Enterprises (SMEs)
Open L0200-ORGS-SMEs
International NGOs
International Development Assistance / Humanitarian Assistance
Open L0200-ORGS-IDA-HR
NGOs / NPOs
Non-Government Organizations (NGOs) / Not for Profits
Open L0200-ORGS-NGOs-NPOs
Think Tanks
Policy Analysis Organizations
Open L0200-ORGS-THINK-TANKS

ABOUT BURGESS / BACKGROUND
BURGESS BACKGROUND, BOOK MANUSCRIPTS, ESSAYS, BLOG POSTS and SOME SITE HISTORY
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ABOUT BURGESS / BACKGROUND
BURGESS BACKGROUND, BOOK MANUSCRIPTS, ESSAYS, BLOG POSTS and SOME SITE HISTORY
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MOST EVERYTHING ABOUT PETER BURGESS (TPB)
Bio Background / Draft Manuscripts / Essays / Blogs / Connections / Experience and lessons learned
Studied engineering and economics at Cambridge. Subsequently qualified as a Chartered Accountant in the UK in 1966. A fast track corporate career involving profit performance improvement including VP manufacturing and VP/CFO of international company based in the USA. Independent consulting for World Bank, the United Nations and other international development and humanitarian aid organizations. Currently working to design, develop and deploy True Value Accounting / Multi Dimension Impact Accounting (TVA/MDIA)that aims to be as rigorous for impact on society and environment as conventional accounting is for financial profit. TVA/MDIA works not only for ORGANIZATIONS, but also for PEOPLE, PLACES, PRODUCTS, PROCESSES, PROJECTS and PROGRAMS and enables responsible investing and responsible procurement.
Open n1-Burgess
BURGESS BIO
Updated CV as of November 2016
Open Burgess Bio PDF
About Burgess / Linkedin Connections
Navigation to around 5,000 Burgess Linkedin connections
Open n1-Burgess-Linkedin-Connections
EVENTS - Current year
This also gives navigation to EVENTS for prior and future years
Open L0200-EVENTS-2017

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