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True Value Metrics (TVM)
Meaningful Metrics for a Smart Society
TM
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TM
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A General Theory of AccountabilityTM
TRUE VALUE ACCOUNTING
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Accounting for Everything ... Multi Dimension ... Multi Perspective ... Every Issue
Metrics for Everything that Really Matters
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WE WANT TO MAINTAIN AN OPEN KNOWLEDGE MODEL
A MODEST DONATION WOULD BE OF HUGE VALUE!
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(1) ISSUES / SYSTEMIC DYSFUNCTION
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(1) ISSUES / SYSTEMIC DYSFUNCTION
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Civil war / Genocide / Hunger / Poverty / Homelessness / Devastation
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OVERVIEW / THE ARC OF HISTORY
LOTS TO LEARN FROM HISTORY AND WHAT IT MEANS FOR THE PRESENT AND THE FUTURE
Even though there has been amazing technological progress, almost everyone seems to be disappointed with the way the world works because in large part, the world does not work very well.
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Open MAIN-NAV#OVERVIEW
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THOUSANDS OF ISSUES
A MULTITUDE OF ISSUES NEED TO BE ADDRESSED ... SYSTEM DYSFUNCTION NEEDS SYSTEM SOLUTIONS (11)
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Open MAIN-NAV-#ISSUES
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SYSTEMIC DYSFUNCTION OF A COMPLEX SYSTEM
AMAZING KNOWLEDGE AND TECHNOLOGY BUT UNSATISFACTORY PROGRESS AND PERFORMANCE
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THE COMPLETE SYSTEM ... NOT SIMPLY PROFIT AND WEALTH ACCUMULATION
PEOPLE, NATURE AND PEOPLE BUILT SYSTEMS AND STRUCTURES
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WRONG METRICS
METRICS ARE POWERFUL, BUT BEING USED MAINLY FOR THE BENEFIT OF A VERY FEW
Many of the aggregate measures of performance show improvement over time, but the diaaggregation of of these measures show that a few people have done very well while most people have not.
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(2) IDEAS / THINKERS / POSSIBILITIES
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(2) IDEAS / THINKERS / POSSIBILITIES
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Good people / Thinkers / Possibiities
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IDEAS / THINKERS / POSSIBILITIES ... There is more knowledge, there are more ideas, there are more thinkers, there are huge possibilities, but even with all of this there is rather little progress compared to what is needed and what is possible. Something important is missing, and part of this is the lack of a system of performance measurement that embraces everything that matters. With the right metrics, it will be easier to move from 'talk' to 'walk'!
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Open MAIN-NAV-#2
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IDEAS
HUNDREDS OF IDEAS ... BUT NOT MANY GET THE TRACTION NEEDED TO MAKE A DIFFERENCE
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Open L0200-IDEAS
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GO #IDEAS
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THINKERS
PUTTING IDEAS INTO PRACTICE ... BUT VERY FEW ACHIEVE THE SCALE THAT NEEDED TO MAKE A SIGNIFICANT DIFFERENCE
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Open L0200-THINKERS
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POSSIBILITIES AND CRITICAL CONSTRAINTS
PUTTING IDEAS INTO PRACTICE ... BUT VERY FEW ACHIEVE THE SCALE THAT NEEDED TO MAKE A SIGNIFICANT DIFFERENCE
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(3) BETTER METRICS / TRUE VALUE IMPACT ACCOUNTING
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(3) BETTER METRICS / TRUE VALUE IMPACT ACCOUNTING
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Money / Profit growth / GDP growth / Stock Prices / Cost push inflation / Wages chasing prices
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BETTER METRICS ... TRUE VALUE IMPACT ACCOUNTING (TVIA)
ENHANCED ACCOUNTING THAT EMBRACES EVERYTHING THAT REALLY MATTERS INCLUDING QUALITY OF LIFE AND THE ENVIRONMENT
TVIA is a key piece of systemic improvement that is needed to help make the world a better place. Management experts know that you manage what you measure and TRUE VALUE IMPACT ACCOUNTING is a way to measure and acount for all the important things that are key to making for a better quality of life and a less degraded environment. Conventional accounting is a powerful system to manage for profit performance, but does nothing to manage impact on society and impact on the environment.
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Open MAIN-NAV-#3
Open L07-TVIA
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GO #OVERVIEW
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(4) PEOPLE AND SOCIETY
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Human Capital / Babies / Families / Healthy Food
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THE MAIN PURPOSE OF EVERYTHING IN A FULLY FUNCTIONING SOCIO-ENVIRO-ECONOMIC SYSTEM IS FOR THE QUALITY OF LIFE OF PEOPLE TO BE OPTIMIZED
This idea was behind the thinking of Adam Smith as the field of economics was emerging, but lost over time because of an assumption that when people had more money then they would have a better quality of life. This assumption is only partly true, and getting less and less true as technology enables productivity and changes in the sstructure of the system
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Open MAIN-NAV-#4
Open L0700-PQL-PEOPLE-HUMAN-CAPITAL
Open L07-TVIA#HC
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Much more about the interrelationship between demographics, quality of life and economic performance.
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Much more about the impact of people on the environment, and what to do about it.
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Much more about the importance of the family, the society and the community
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(5) NATURE - NATURAL SYSTEMS and RESOURCES
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(5) NATURE - NATURAL SYSTEMS and RESOURCES
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Planet Earth / Water / Trees / Climate instability / Resource depletion /
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EVERYTHING IS ENABLED BY AND CONSTRAINED BY NATURE.
In modern times, all sorts of People Built Systems (PBS) have been created to convert natural capital into financial capital. Over the past 200 years there have been enormous changes in the technology available to create financial capital, and people have used increasingly sophisticated management metrics to optimize for profit performance and financial wealth creation. At the same time, the impact of human activities that create financial wealth on nature and all its natural systems have been ignored.
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Open MAIN-NAV-#5
Open L0700-NC-NATURAL-CAPITAL
Open L07-TVIA#NC
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THE NATURAL ECONOMY / PLANET / SUN
EVERYTHING DEPENDS ON NATURAL RESOURCES AND NATURAL SYSTEMS
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NATURAL SYSTEMS
NATURAL CYCLES, ECOSYSTEM SERVICES, CLIMATE SYSTEMS
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BIO-DIVERSITY / NATURE'S RESILIENCE
FAUNA AND FLORA ... MILLIONS OF SPECIES ... MANY UNKNOWN
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LAND
USED FOR BIO SERVICES, HABITAT, AGRICULTURE, FORESTRY, BUILDING DEVELOPMENT, ETC.
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WATER
USED FOR HUMAN CONSUMPTION, INDUSTRY, AGRICULTURE AND NATURAL SYSTEMS
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AIR
ESSENTIAL FOR LIFE SUPPORT, BUT BEING USED AS A DUMP FOR GASEOUS WASTES
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NATURAL RESOURCES / ENERGY
FOSSIL FUELS, FUELWOOD, WIND AND SOLAR
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NATURAL RESOURCES / MINERALS / RAW MATERIALS
MINERALS, TIMBER, BIO-DIVERSITY
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(6) PBS - PHYSICAL ECONOMY
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(6) PBS - PHYSICAL ECONOMY
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Indusrial Plant / Buildings / Vehicles / Bridges / Rail / Water / Ports /
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PHYSICAL CAPITAL HAS BECOME ENORMOUSLY POWERFUL AND A CRITICAL ENABLER OF PRODUCTIVITY
STRUCTURES, SYSTEMS, PHYSICAL ASSETS - PUBLIC SECTOR AND PRIVATE SECTOR / TECHNOLOGY, MACHINERY, PRODUCTS, PROCESSES, VEHICLES, INFRASTRUCTURE
The physical segment of People Built Systems (PBS) has been deployed mainly to convert natural capital into financial capital without taking into consideration the impact productivity and wealth cration is having on people and the environment. When these issues are taken into consideration the performance of much of the physical plant and equipment is much diminished.
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Open MAIN-NAV-#6
Open L0700-PBS-PC-PHYSICAL-CAPITAL
Open L07-TVIA#CCPC
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INFRASTRUCTURE
... BUILDINGS
... ROADS AND BRIDGES
... RAIL
... WATER AND SEWER
... ENERGY
... COMMUNICATIONS
... SEAPORTS
... AIRPORTS
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Open L0700-PBS-PC-INFRASTRUCTURE
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PRODUCTION / PROCESS / PLANT AND EQUIPMENT
Production and process efficiency must be one of the key drivers of sustainable progress
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VEHICLES
Vehicles have made mobility of people and product possible, and enabled globalization
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(7) PBS - FINANCIAL ECONOMY
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(7) PBS - FINANCIAL ECONOMY
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Money / Profit growth / GDP growth / Stock Prices / Cost push inflation / Wages chasing prices
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FINANCIAL CAPITAL, THE ENABLER OF ECONOMIC GROWTH AND WEALTH CREATION
but increasingly a tool for wealth extraction that does damage to society and ignores damage to the environment and planetary boundaries. Financial capital is a critical lubricant for the functioning of the socio-enviro-economic system but is neither the fuel nor the engine of the system
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Open MAIN-NAV-#7
Open L0700-PBS-FC-FINANCIAL-CAPITAL
Open L07-TVIA#CCFC
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THE NATURE OF MONEY
... not working as a store of wealth, nor a good measure of system performance.
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BANKING AND FINANCIAL SERVICES
... an important service but never an end in itself.
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THE WORKINGS OF MARKETS
... effective, but only when there is market efficiency.
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MERGERS AND ACQUISITIONS / CONCENTRATION OF POWER
... dangerous when too much concentration of economic power.
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(8) PBS - INTANGIBLE ECONOMY
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(8) PBS - INTANGIBLE ECONOMY
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Knowledge / Government / Rule of Law / Ethics / Culture / Security
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INTANGIBLE CAPITAL ... GETTING BIGGER AND BIGGER
but not always in ways that are beneficial to society as a whole, nor to the efficient functioning of the socio-enviro-economic system. Some parts of intangible capital are of real value to society, and some are constructs that make wealth seem to be much bigger than it really is. Intangible capital may be related to financial capital, but it may also be the driver of progess towards a better quality of life.
FINANCIAL INTANGIBLES / GOODWILL
KNOWLEDGE ... SCIENTIFIC / TECHNICAL / SOCIETAL
ENABLING ENVIRONMENT / GOVERNANCE / LAW AND REGULATION
INSTITUTIONSS / ORGANIZATIONS
CULTURE / ARTS / RELIGION / RECREATION
SECURITY
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Open MAIN-NAV-#8
Open L0700-PBS-IC-INTANGIBLE-CAPITAL
Open L07-TVIA#CCIC
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(9) PLACE
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PLACE: Cities / Neighborhood /
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PLACE / WHERE PEOPLE LIVE THEIR LIVES / WHERE EVERYTHING HAPPENS
Everything happens in PLACE, it is where people live and work and play, and, it is where economic activity consumes resources, degrades the environment and produces products that a needed and wanted by people.
VALUING THE STATE OF A PLACE
PROGRESS OF THE PLACE
PERFORMANCE OF THE PLACE
PROBLEMS AND CONSTRAINTS / POSSIBILITIES
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Open MAIN-NAV#PLACE
Open L0700-PL-PLACE
Open L07-TVIA#PL
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GO #PLACE
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Navigation to examples of PLACE
Some of the great cities of the world and some small neigborhoods and communities.
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Open L0200-PLACE
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(10) PRODUCTS / PROCESSES / SECTORS / STREAMS
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(10) PRODUCTS / PROCESSES / SECTORS / INDUSTRIES / STREAMS / STRANDS
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STREAM / STRANDS/ STRINGS: Raw Materials / Manufacturing / Food / Water / Health / Education / Recreation
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PRODUCTS ... PROCESSES ... SECTORS / INDUSTRIES ... STREAMS / STRANDS / STRINGS
Everything happens in PLACE, it is where people live and work and play, and, it is where economic activity consumes resources, degrades the environment and produces products that a needed and wanted by people.
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Open MAIN-NAV-#10
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GO #PLACE
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STREAMS / STRANDS / STRINGS
HOW ONE THING AND EVERYTHING IMPACTS ON EVERYTHING ELSE ... FOR GOOD OR BAD ... FOR GOOD AND BAD
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Open L0700-SS-SECTOR-STRAND
Open L07-TVIA#SS
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PRODUCTS
STUFF ... GOODS AND SERVICES ... THAT ARE ESSENTIAL FOR QUALITY OF LIFE FOR PEOPLE
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Open L0200-PRODUCTS
Open L07-TVIA#PRD
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GO #PRODUCTS
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PROCESSES
ENABLES PRODUCTS TO BE PRODUCED MORE OR LESS EFFICIENTLY
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Open L0200-PROCESSES
Open L07-TVIA#PRC
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GO #PROCESSES
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SECTORS / INDUSTRIES
WHERE SPECIALIZATION ENABLES HIGH PERFORMANCE ... OR NOT
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Open L07-TVIA#SI
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GO SECTORS
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(11) ORGANIZATION / ORGANIZATIONS
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(11) ORGANIZATION / ORGANIZATIONS
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ORGANIZATIONS: Banks / E-Business / Big retail / Franchise chains / Small business
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ORGANIZATION / ORGANIZATIONS
ESSENTIAL TO GETTING ANYTHING DONE
ORGANIZATION ... A framework for efficiency
ORGANIZATIONS ... Many different ways to organize ... different approaches ... different stakeholders ... different ownership ... but essential for performance efficiency
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Open MAIN-NAV-#11
Open L070-ORGANIZATION-ORGANIZATIONS
Open L07-TVIA#CCICOO
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GO #OCN
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ABOUT TVA / BURGESS
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MOST EVERYTHING ABOUT PETER BURGESS (TPB)
Bio Background / Draft Manuscripts / Essays / Blogs / Connections / Experience and lessons learned
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Open n1-Burgess
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GO #TPB presentation
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