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Date: 2024-04-23 Page is: DBtxt001.php txt00002422

Join in to develop and deploy
TrueValueMetrics

Report on the business model of the banks ... there is more to banking than profit for stockholders.

What gets measured gets done The prevailing system of metrics ... financial accountancy, market indexes, economic indicators, etc. ... is flawed. It only works for the investor and executive class, but not for society as a whole and other stakeholders like employees, customers, environment and future generations.

TrueValueMetrics (TVM) is not only about money profit from economic activity but also valueadd . A big part of global economic activity cannot be profitable, but is valuable.

TVM is being developed and deployed so that there are meaningful metrics that enable decisions to be made for the benefit of ALL stakeholders in global society and not just the rich and powerful investor class.

TVM is about place ... any place ... anywhere ... everywhere! and time to understand progress and change.

Banks and big corporations measure and report on their profits, but they do not measure and report on their impact on society. This needs to change! Progress is more than profit and GDP growth. Betterment of the quality of life is an essential complementary metric.

To help get in touch with Peter Burgess at peterbnyc(at)gmail.com to learn more ... or 212 744 6469

A lot of work has been done on this. This system of metrics may be one of the key things that society should get from the Occupy movement.


Prepared by Peter Burgess
on the occasion of Occupy Bank of America, May 9, 2012
The text being discussed is available at
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TrueValueMetrics (TVM) is an Open Source / Open Knowledge initiative. It has been funded by family and friends. TVM is a 'big idea' that has the potential to be a game changer. The goal is for it to 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, education and limited low profit purposes
Copyright © 2005-2021 Peter Burgess. All rights reserved.