Date: 2024-05-19 Page is: DBtxt003.php bkTVM009023100
|
Burgess Manuscripts
TrueValueMetrics ACTION INFORMATION FOR ALL OF SOCIETY Metrics about the State, Progress and Performance of Society, the Environment and Economy Metrics about Impact on People, Place, Planet and Profit |
| HOME | SiteNav | Alpha | Chrono | Briefs | SEES | capitals | activities | actors | place | products | SI | SS | metrics | TPB |
| HOME | LAST ... Open bkTVM009022500 | L0700-SN-BM-TRUEVALUEMETRICS | NEXT ... Open bkTVM009023200 |
|
Chapter 2
SYSTEMIC DYSFUNCTION 2-31 CORPORATE PROFIT ... SOCIAL PAIN It seems that humankind has sought to improve life since the beginning of time ... but progress has been slow. Progress has accelerated in the last few hundred years, but results have been mixed with some progress faster and better than others. |
|
Corporate profit ... social pain
In 2008, as demand for crude oil increased worldwide, crude oil prices hit record levels ... and so also did the reported corporate profit of the major (Western) oil companies. This is perfectly understandable ... most of the production is based on investments made long ago at lower costs and gas pump prices have increased in sympathy with the crude oil prices. But, prior to Community Accountancy, there have been no systems of metrics to address the cost to society of higher gas prices ... and even though it is recognized that there is social pain, in the traditional working of the economy, there is no incentive or mechanism for corporate gain to be matched against social pain. Understanding has both a technical dimension and a human dimension ... they are both important. If there is understanding of the behavior of all the key metrics ... then it is possible to move towards an optimization of performance. At the moment there is optimization, but it is all about profit optimization and not about achieving an optimized balance of profit reward and social progress. There is technical expertise, but nothing in the analysis that explicitly looks at social value, nor the various aspects of the human dimension. The technical metrics are cost, prices and values ... and the derivatives of these which are productivity, profits and value adding. The human dimension is an integral part of some of the behavior of these items, but there are other factors where human behavior is particularly important. What are the incentives that help to drive decisions ... and what can be done to bring an ethical dimension to the decisions being made that affect society. |
| . |
| HOME | LAST ... Open bkTVM009022500 | L0700-SN-BM-TRUEVALUEMETRICS | NEXT ... Open bkTVM009023200 |
| HOME | SiteNav | Alpha | Chrono | Briefs | SEES | capitals | activities | actors | place | products | SI | SS | metrics | TPB |