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Date: 2024-04-23 Page is: DBtxt003.php L0900-TVM-FLOW-PROCESS-PERFORMANCE
TRUE VALUE METRICS
FLOW / PROCESS / PERFORMANCE
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PROGRESS is the increase in VALUE (of the STATE) from beginning to end of the period
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PROCESS / PERFORMANCE
PROGRESS RELATIVE TO RESOURCES CONSUMED
  • PROGRESS IS THE TOTALITY OF THE CHANGE IN VALUE FROM BEFORE TO AFTER THE ACTIVITY.
  • EFFICIENCY is a TOTAL OF RESOURCES CONSUMED TO THE TOTALITY OF THE VALUE INCREASE
  • IT IS IMPORTANT TO RECOGNISE THAT THE TOTALITY OF VALUE HAS MULTIPLE COMPONENTS:
    • SOCIAL CAPITAL VALUE ... that is the PEOPLE dimension
    • NATURAL CAPITAL VALUE ... the value associated with NATURE and the ENVIRONMENT
    • ECONOMIC CAPITAL VALUE ... comprising. physical capital, financial capital and intangible capital
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