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Incredible complexity
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... and progress is also complex!
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• Managing complexity is difficult.
• In recent years, the system has been managed mainly to benefit owners of financial capital.
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Understanding ValueAdd
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What change for all the capitals?
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• Activities use resources;
• The activites aim to produce a valueadd;
• The increase in valueadd is a measure of progress or effectiveness;
• The use of resources to achieve this progress is a measure of efficiency.
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• Valueadd has three components: Social, Environmental and Economic;
• Progress is the improvement in Value from beginning to end of the period.
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