image missingTrue Value Metrics (TVM)
Meaningful Metrics for a Smart Society
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Date: 2019-09-17 Page is: DBtxt001.php txt00003478

Contact: Peter Burgess ... peterbnyc@gmail.com
Follow on Twitter @truevaluemetric
Website: http://www.truevaluemetrics.org
Telephone: Mobile 212 744 6469 Landline 570 431 4385

A brief introduction to TrueValueMetrics
The main metrics in the modern economy are (1) money profit accounting for business; (2) stock prices for investors; and, (3) Gross Domestic Product (GDP) growth for policy makers. These only encourage profit maximizing no matter what the impact. Many initiatives have emerged to expand reporting to include metrics beyond profit like impact on people and planet, the so called triple bottom line. These initiatives are a good start, but are not getting the traction that is needed. I argue that a somewhat different initiative is needed that incorporates both money profit accounting and social valuadd in one system of accounting and reporting. Furthermore the system of accounting and reporting should be the same for both the organization undertaking an economic activity and the broader community that gets impact from economic activity. This is what TrueValueMetrics does.

TVM also makes it possible to bring accountability to organizations that do not embrace transparency and accountability.



The text being discussed is available at
http://www.truevaluemetrics.org

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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.