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PLACE
The ROLE of PLACE in the SOCIO-ENVIRO-ECONOMIC SYSTEM
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PLACE
THE CRITICAL VALUE ADD FROM LOCATIONAL CAPITAL
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CITIES / COMMUNITIES
Cities and Communities are where people live their lives
MAIN ST.
SCHOOLS CHURCHES POLICE RECREATION HOSPITALS
SUBURBS
UNIVERSITIES HOUSING FIRE RELAXATION PERSONNEL
All living is local. Everything is needed in the place to enable a decent quality of life (QoL). Everything is interconnected. Nothing important can be missing ... multi-sector is essential. When the place is dysfunctional life is much more difficult.
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COUNTRIES
More than 200 countries ... with vastly different characteristics
There is plethora of data averaged at the country level. These data at the country level useful for broad comparisons, not so much for management of performance and decision making. Specifics of different locations within a country are essential for better allocation of resources and problem solving.
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NATURE IS THE MOST POWERFUL ACTOR
NATURAL LAW IS THE ONLY LAW THAT CANNOT BE BROKEN
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PEOPLE ARE IMPORTANT ACTORS
PEOPLE AS DECISIONS MAKERS MUST BE HELD ACCOUNTABLE
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PEOPLE AS CONSUMERS
Food - Vegetables Food - Meat Housing Clothes Mobility Recreation
More consumption correlates to a better quality of life up to a certain level. Beyond that level more consumption may well have negative consequences, as for example too much food may result in obesity and diabetes or worse.
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PEOPLE AS CONTRIBUTORS
AS INDIVIDUALS ... Live life ... Work & family
Every individual is different, both in what they are capable of doing and how they want to live their lives. People should have the freedom to succeed in all sorts of good ways, and should be helped so that they never fail. People need the facts about themselves and everything around them.
IN ORGANIZATIONS ... Do the work ... Make the decisions
Companies are important drivers of the economy. Within companies it is people that make the decisions, and for many decades the dominant metric for success has been profit without taking into consideration impact on society and nature. This must change. Profit performance on its own is not enough!
AS INVESTORS ... Allocate financial resources
The allocation of capital shapes the future of the economy. People make the decisions about what investments should be made and have been guided mainly by the potential for growth of financial wealth without taking into consideration issues relating to society and the environment. These other issues matter.
AS RESIDENTS ... part of the community in a place
More than anything else, people are the essence of a place. Much of what works in a place is because of people, and most of the things in a place are those that are needed by people and give pleasure to people.
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ROLE PLAYED BY CORPORATE ORGANIZATIONS
ALL HAVE SUBSTANTIAL IMPACT ON SOCIETY AND THE ENVIRONMENT
DIGITAL TECH
Google
OIL & GAS
ExxonMobil
AERO ENGINES
Rolls Royce
BANKING
HSBC
ENGINEERING GE FOOD Unilever
Most of the global economy comprises products that are produced by very big organizations that are complex with multiple factories in many different locations, and supply chains that span the globe. It is not easy to understand these companies in a way that makes it possible to hold them accountable for their behavior. Nevertheless, despite their complexity, they are able to communicate their profit performance to investors, but not their social impact nor their environmental impact, even where these are material. This has to change.
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PRODUCTS
PRODUCTS IMPACT PEOPLE AND ORGANIZATIONS AND NATURE
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NEEDED FOR A DECENT QUALITY OF LIFE
Food - Vegetables Food - Meat Housing Clothes Mobility Recreation
More consumption correlates to a better quality of life up to a certain level. Beyond that level more consumption may well have negative consequences, as for example too much food may result in obesity and diabetes or worse.
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PRODUCTS START WITH NATURE AND HAVE A LONG LIFE CYCLE
NATURE SEA
STEEL
EATING
WASTE RECYCLING
NATURE ROAD
REFINING
CONSUMING
LANDFILL RECYCLING
EXTRACTION
RAIL
POLLUTION
DRIVING
FLOODS
NO WASTE
Products enable consumption that improves quality of life. The production of products is a critical economic activity and source of profit for companies. Production and products are only sustainable if they do not degrade the environment. Most modern industrial process are catastrophically unsustainable. Smarter processes are needed together with smarter products, smarter consumers and systems to enable a circular economic model.
NATURE AND NATURAL SYSTEMS ARE FOUNDATIONAL
SUN NATURE NATURE BIODIVERSITY
Everything starts with nature ... but the importance of nature is ignored in most of economics, business management and politics. Natural ecosystems make clean water and air, maintain the productivity of soil, stabilize the climate and so much more.
Energy from the sun provides the energy for all sorts of natural production, as well as agrticulture for food production
There are complex networks that link the lifecycles of animals (including fish) and plants and are essential for life to go on season after season.



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