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COMMENTARY
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Though the above navigation and subject segmentation was superceded in March 2017, a large part of the core architecture remains in place.
The link navigation has been improved and there has been a lot of 'cleanup of the text.
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(1) ISSUES / SYSTEMIC DYSFUNCTION
SYSTEMIC DYSFUNCTION IN THE SOCIO-ENVIRO-ECONOMIC SYSTEM
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Civil war / Genocide / Hunger / Poverty / Homelessness / Devastation
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MainNav
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SlideNav
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OVERVIEW / THE ARC OF HISTORY
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OVERVIEW / THE ARC OF HISTORY
THERE ARE MANY IMPORTANT FACTORS THAT INTERACT IN COMPLEX WAYS
There is progress, but at the same time the progress has been rather modest compared to what is technically possible. There are thousands of issues that have not been addressed and far too many constraints on efficiency and rapid progress. Very few people in leadership positions seem to understand the complexity of the system and its amazing possibilities.
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Open L07-CONTEXT
Open L07-HISTORY
Open L07-ISSUES
Open L07-SEES
Open L07-TRENDS
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THOUSANDS OF ISSUES
SYSTEM DYSFUNCTION NEEDS SYSTEM SOLUTIONS
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NAVIGATION TO ISSUES
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ISSUES ... what is in the contemporary dialog
NAVIGATION to thousands of textfile webpages organized in download sequence (chronological) ... a timeline of what people are writing about. These webpages contain text from a variety of sources including news reports, websites etc about issues that have a high profile at the current time.
| Open L0200-ISSUES-Chrono
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ISSUES ... about specific issues
NAVIGATION to thousands of webpages organized by ISSUE / SUBJECT alphabetical ... building a framework for understanding
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Open L0200-ISSUES-Alpha
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GO n1-SlideNav-for-TVA #ISSUES
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ISSUES - Focus on groups of issues
NAVIGATION via clusters of issues that are more or less related
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Open L0200-ISSUES-Clusters
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SOME OF THE MOST CRITICAL ISSUES ... CLUSTERS OF ISSUES
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ISSUES - Focus on a selection of key issues
SOME KEY ISSUES MOST RELEVANT TO THE PERFORMANCE OF THE SOCIO-ENVIRO-ECONOMIC SYSTEM
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Open L0200-ISSUES-Top-Few
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ISSUES involving BANKS, MONEY AND FINANCIAL SERVICE ORGANIZATIONS
DYSFUNCTION IN BANKING AND FINANCIAL SERVICES CAN POSE AN EXISTENTIAL CRISIS FOR THE SOCIO-ENVIRO-ECONOMIC SYSTEM
| Open list0300-Banking-Finance-Money
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ISSUE ... THE PROBLEM OF SYSTEMIC DYSFUNCTION
Modern Western performance optimization is all about investors and wealth, and rather little about the impact on people and planet. Wealth creation is about the money dimension without taking into consideration the externalities that effect people and nature.
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Open L0300-Systemic-Dysfunction
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ISSUE ... UNSUSTAINABLE ECONOMIC TRENDS
Economists have identified many of the important unsustainable economic trends, but hardly any meaningful political action has been taken to solve the underlying systemic problems.
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Open L0300-Economic-Trends
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ISSUE ... IGNORING CLIMATE CHANGE
Scientific researchers have identified climate change as a major existential risk for our socio-enviro-economic system that gets worse and worse the longer it is ignored.
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Open L0300-CLIMATE-CHANGE
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ISSUE ... INADEQUATE METRICS
YOU MANAGE WHAT YOU MEASURE ... THEREFORE MEASURE WHAT MATTERS
Profits. money wealth, stock prices and GDP growth are measures that work for owners, but less so for everyone else. They are inadequate because they only consider the economic or financial dimension of the system, ignoring society and ignoring nature and the environment. There are many issues including the way accounting has been gamed to allow reporting that would normally not be allowed if the basic fundamental principles of double entry accoutancy were being applied.
We need better metrics for everything that is important in the socio-enviro-economic system. We need metrics to enable people to make better decisions so that the performance of the complex enviro-socio-economic is as good as possible. There are many different approaches to better metrics and many different actors involved in research and development of better metrics.
There is a mistaken idea that more organizational profit results in better quality of life when more profit is often achieved with less payroll and there is a related drop in quality of life. Less spending on pollution control may result in higher profits, but it comes at the expense of more pullution and assiated bad impacts.
PROFITS, MONEY WEALTH, STOCK PRICES and GDP GROWTH are inadequate metrics as they only consider the economic or financial dimension of the system, ignoring society and ignoring nature and the environment. We need better metrics for everything that is important. We need metrics to enable people to make better decisions so that the performance of the complex enviro-socio-economic is as good as possible.
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Open L0300-Wrong-Metrics
Open L070-MT-METRICS
Open list0300-Accountancy
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COMPLEXITY - THE COMPLETE COMPLEX SYSTEM
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GO TOP
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THE SOCIO-ENVIRO-ECONOMIC SYSTEM
SYSTEM COMPRISING PEOPLE, NATURE AND PEOPLE BUILT STRUCTURES AND SYSTEMS
This is a very complex system, and very powerful but almost impossible to manage. There is amazing potential and existential risks. The challenge is to optimize decision making on top of a very complex system. The mathematics suggests that this cannot be done successfully, especially using the 'top-down' decision making that has been the norm throughout history. However, something vastly better than what exists today is possible, and a strating point for this is more appropriate meaningful metrics.
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Open L07-SEES
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GO SlideNav-for-TVA #SEES
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SOCIAL CAPITAL ... THE PEOPLE COMPONENT
Putting PEOPLE at the center of the system changes the dynamic of almost everything ... but this is only possible if there are metrics to match.
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InPage to (4) PEOPLE
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NATURAL CAPITAL ... NATURE AND NATURAL SYSTEMS
LAND, WATER, AIR, CARBON, NITROGEN, PHOSPHORUS, CLIMATE INSTABILITY, BIO-SYSTEMS
In the end it is NATURE that limits everything. Humankind has used nature to support its progress without understanding enough the limitations. This has to change.
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InPage to (5) NATURE
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CREATED CAPITAL ... PEOPLE BUILT STRUCTURES AND SYSTEMS
CREATED CAPITAL has been responsible to the amazing improvement in quality of life and standard of living over time. These include FINANCIAL SYSTEMS, PHYSICAL SRUCTURES and INTANGIBLES (KNOWLEDGE CAPITAL, INSTITUTIONAL CAPITAL and CULTURAL CAPITAL)
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... CC - PHYSICAL
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InPage to (6) PBS-PHYSICAL
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... CC - FINANCIAL
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InPage to (7) PBS-FINANCIAL
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... CC - KNOWLEDGE
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InPage to (8) PBS-INTANGIBLES
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... CC - INSTITUTIONAL
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InPage to (8) PBS-INTANGIBLES
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... CC - CULTURAL
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InPage to (8) PBS-INTANGIBLES
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MULTIPLE PERSPECTIVES ... NOT JUST ONE
FOR PEOPLE ... IN SOCIETY ... IN A PLACE ... FOR AN ORGANIZATION ... FOR NATURAL SYSTEMS ... ETC
In a very complex interconnected system it is important to look at progress and performance from all the different possible perspectives. Since decisions usually result in outcomes that impact different elements of the system in different ways, keeping track of progress and performance from all perspectives is essential. This is missing from conventional accounting that is limited to the perspective of the reporting entity.
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GO SlideNav-for-TVA #VIEWS
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THE PEOPLE PERSPECTIVE
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InPage to (4) PEOPLE
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THE PLACE PERSPECTIVE
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InPage to (9) PLACE
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THE PRODUCT PERSPECTIVE
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InPage to (10) PRODUCT
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THE ORGANIZATION PERSPECTIVE
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InPage to (11) ORGANIZATION
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THE FINANCIAL PERSPECTIVE
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InPage to (7) PBS-FINANCIAL
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(2) IDEAS / THINKERS / POSSIBILITIES
HUNDREDS OF IDEAS ... BUT NOT MANY GET THE TRACTION NEEDED TO MAKE A DIFFERENCE
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Good people / Thinkers / Possibiities
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Navigation to -->
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MainNav
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SlideNav
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IDEAS
NAVIGATION by IDEAS by THEME / SUBJECT in ALPHABETICAL SEQUENCE
Hundred of ideas ... the world is not short of IDEAS, but very few move beyond being an idea even to the next stage of being an INITIATIVE. In many case an IDEA may be associated with many different people. Sometimes an IDEA can be very powerful, but most IDEAS fail to get much traction.
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Open L0200-IDEAS
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GO n1-SlideNav-for-TVA #IDEAS
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DIALOG
PETER BURGESS CONVERSATION about the development of True Value Accounting (TVA)
| Open L0200-DIALOG
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POSSIBILITIES
AMAZING TECHNOLOGICAL PROGRESS SHOULD BE THE BASIS FOR AMAZING SOCIAL PROGRESS
In some ways there has been amazing social progress, but there is still a lot to be done. There is a huge underutilized potential to use technology for GOOD, but in the main it the power of technology is used mainly for MONEY. Change the way the metrics are done, and we will change the way the decisions are made! The power of knowledge and technology has the potential to make the world a better place, but this won't happen unless it is managed in a good way.
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MULTIPLE BOOK LENGTH MANUSCRIPTS by TPB
Working papers and draft text of books, reports and other material as TrueValueMetrics and True Value Accounting has evolved
| Open n1-Burgess-Manuscripts
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Incomplete Burgess Book Draft from 2005 / Management-Information-for-Relief-and-Development
Based on experience from the 1970s to the early 2000s ... draft written around 2005 ... Some Critical Reforms to Catalyze Socio-Economic Progress ... 95 pages
This contians many anecdotes about personal experience in both corporate management and working as a consultant for the World Bank, the United Nations and others.
'../../DBpdfs/Burgess/Book-Management-Information-for-Relief-and-Development/Book-Management-Information-for-Relief-and-Development-060906a.pdf'
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| Open PDF ... 95 pages
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Incomplete Burgess Book Draft from 2006 / Revolution Change for Relief and Development
Based on experience from the 1970s to the early 2000s ... draft written around 2006 ... Some Critical Reforms to needed to improve the International Relief and Development Sector ... 361 pages
'../../DBpdfs//Burgess/Book-2/TAN-book-002-061016k-RDS-Revolutionary-Change.pdf'
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| Open PDF ... 361 pages
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(3) BETTER METRICS - TRUE VALUE ACCOUNTING (TVA)
YOU CAN'T MANAGE WHAT YOU DON'T MEASURE ... BUT YOU MUST MEASURE THE RIGHT THINGS
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TVIA / Human Capital / Corporate Profits / Nature / Dysfunctional Money
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SYSTEMIC DYSFUNCTION OF EXISTING METRICS
EXISTING METRICS NO LONGER RESULT IN OPTIMAL DECISION MAKING
This is a foundational systemic problem that must be resolved. There is an unhealthy focus on increasing profit for owners without taking into consideration the related impact on society and the environment cannot work and will certainly result in two critical existential threats (1) the inability of the environment to sustain humanity in the way we have become accustomed; and (2) social unrest that cannot be constrained.
http://www.truevaluemetrics.org/DBpdfs/Books/TVA-2015/Book-TVA-Volume-1-Dysfunction-of-the-Global-Socio-Enviro-Economic-System-151224d.pdf
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Open L0300-Systemic-Dysfunction
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Open PDF ...
Dysfunction of the SEE System
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TRUE VALUE IMPACT ACCOUNTING (TVIA)
GOOD METRICS ARE ESSENTIAL FOR DECISION MAKING ... FOR ACCOUNTING AND ACCOUNTABILITY.
There is amazing technology but mostly used simply to enable the accumulation of money wealth without taking into account the impact of economic transactions on people, society, nature and the environment.
True Value Impact Accounting (TVIA) builds on the core concepts of conventional double entry accounting and management accounting.
TVIA is a system for the measurement and reporting of impact on all the capitals based on conventional accounting, but designed to suit the modern complex world in a way that is both simple, easy to understand, easy to use and powerful. The system is designed to measure everything that really matters. It embraces some of the powerful concepts of double entry accounting and applies them not only to money transactions but to everything important not transacted in money.
A modern system of accounting and accountabilty should be based on the concept of double entry accounting together with the idea that ALL components of the system should be subject to a universal and uniform framework of measurement that takes everything into consideration.
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Open L070-TVIA
Open L070-CC-CORE-CONCEPTS
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GO n1-SlideNav-for-TVA #FC
GO n1-SlideNav-for-TVA #CONCEPTS
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OTHER INITIATIVES TO DEVELOP BETTER METRICS
Many organization recognize that it is important to measure a lot more than the only the money dimension of the socio-enviro-economic system, and there are many complex measures that are being used to understand how the various bits of the system work.
Many of these initiatives are very good, but there is no framework to make it easy to report on the performance of the system as a whole. In the absence of such a framework, the default measure becomes the prevailing money wealth based set.
While there are many different approaches to better metrics and many different actors involved in research and development of better metrics, none seem to have the bigger goal of a better universal, coherent, comprehensive framework of measurement.
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Open n8-METRICS-ByOrganization
Open n8-METRICS-ByPeople
Open L0200-METRICS
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(4a) PEOPLE / SOCIAL CAPITAL
THE PEOPLE ECONOMY ... QUALITY OF LIFE / STANDARD OF LIVING / HUMAN CAPITAL AND SOCIAL CAPITAL
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Human Capital / Stages of Life / Babies / Children / Adults / Seniors
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Navigation
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QUALITY OF LIFE
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QUALITY OF LIFE
QUALITY OF LIFE is the foundational value associated with the a person, a family and a community. Many things go into quality of life, some are essential needs that must be satisfied and some are personal preferences. Products ... that is goods and services of many types are needed to support quality of life.
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Open L070-PE-QL-QUALITY-OF-LIFE
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(4b) COMMUNITY / RELATIONSHIP CAPITAL
RELATIONSHIPS ... SOCIETY / QUALITY OF COMMUNITY / THE SOCIAL DIMENSIONS OF QUALITY OF LIFE
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Social Capital / Families / Social Interaction
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Navigation
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CONNECTIONS / NETWORKS
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PEOPLE / NETWORKS / CONNECTIONS
Networks and connections have always been important ... but have much more importance in the modern very connected world
Some of the people that have had or are having some influence on the development of TVA ... for good and bad
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Open L0200-PE-PEOPLE
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THINKERS
NAVIGATION TO THINKERS / PEOPLE ... THOUGHT LEADERS ... in ALPHABETICAL SEQUENCE
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Open L0200-PE-THINKERS
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PEOPLE / CONNECTIONS ... Burgess Linkedin Connections
Peter Burgess Linkedin Connections ... family name alphabetical ... several thousand
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Open L0600L-Alphabetical
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(5) NATURE AND NATURAL SYSTEMS
NATURAL RESOURCES, ESSENTIAL BIO-SYSTEMS, NATURAL EQUILIBRIUM CONTROL AND A WHOLE LOT MORE
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Planet Earth / Water / Trees / Climate instability / Resource depletion /
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MainNav
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SlideNav
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MOTHER NATURE / NATURAL CAPITAL
LAND, WATER, AIR, CARBON, NITROGEN, PHOSPHORUS, CLIMATE INSTABILITY, BIO-SYSTEMS
More important than anything else. In the long run, Mother Nature wins. Mother nature is responsible for everything we have today ... everything ... and we shoiuld not forget this!
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Open L0700-CS-NC-NATURAL-CAPITAL
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GO SlideNav-for-TVA #NC
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ENVIRONMENT
RESOURCE DEPLETION, ENVIRONMENTAL DEGRADATION AND ECOSYSTEM REMEDIATION
NATURAL CAPITAL has been diminished significantly since the beginning of the modern era ... since the start of the agricultural revolution and then the industrial revolution. There has been resource depletion and environmental degradation that has not been taken into account in the metrics of socio-economic performance and no credit given for ecosystem remediation, an activity now growing, but long overdue.
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AIR / ATMOSPHERIC DEGRADATION
ESSENTIAL FOR LIFE SUPPORT, BUT BEING USED AS A DUMP FOR GASEOUS WASTES
Air is essential for human life, but air pollution has been one of the unintended consequences of progress towards a better quality of life and standard of living, and may now be one of the biggest risks mankind has ever faced.
| Open L0700-CS-NC-AIR
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BIODIVERSITY
MILLIONS OF PLANTS, MILLIONS OF ANIMALS, BIRDS, ETC.
The living systems of nature ... including human beings ... are extremely complex and quite amazing. Despite the amazing growth in knowledge during the last century very little is known about the deep intricacies of these natural living systems. What is now known is that they are immensely important for sustaining the enviro-socio-economic system that is key to quality of life and standard of living.
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Open L0700-CS-NC-BIODIVERSITY
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GO SlideNav-for-TVA #BIODIV
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ECOSYSTEM SERVICES /// NATURE'S LIVING SYSTEMS
NATURAL CYCLES, ECOSYSTEM SERVICES, CLIMATE SYSTEMS
The living systems of nature ... including human beings ... are extremely complex and quite amazing. Despite the amazing growth in knowledge during the last century very little is known about the deep intricacies of these natural living systems. What is now known is that they are immensely important for sustaining the enviro-socio-economic system that is key to quality of life and standard of living.
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Open L0700-CS-NC-ECOSYSTEM-SERVICES
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GO SlideNav-for-TVA #NATSYS
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LAND
Much of the land on planet earth is either desert or mountain and unsuited to human habitation. Some people in the modern consumer economy are using more than their fair share of the land to support their lifestyle. Land is being developed into urban conurbations and for industrial scale agriculture reducing the land that is available for natural ecosystem services critical for the sustainability of the enviro-socio-economic system.
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Open L0700-CS-NC-LAND
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GO SlideNav-for-TVA #LAND
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SUN ... SOURCE OF ALL ENERGY
The sun is the source of all the energy that is available on the earth. The natural systems that convert the energy of the sun into other forms of energy that endure through time are critical for the sustainability of the planet, but poorly understood both in science and more dangerously by policy makers.
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Open L0700-CS-NC-SUN
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SUSTAINABILITY / PLANETARY BOUNDARIES
The word SUSTAINABILITY is used sometimes merely to refer to the ongoing success of a business organization, but in the context of TrueValueMetrics, it refers also to the ability of natural systems to provide the essential services that the world requires to sustain human life as we know it.
| Open L0700-CS-NC-SUSTAINABILITY
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WATER
USED FOR HUMAN CONSUMPTION, INDUSTRY, AGRICULTURE AND NATURAL SYSTEMS
There is more water than land on planet earth, but only a small part of the water is potable freshwater. Most is saline in the oceans. Water is vital to life. A human will die after three days without any hydration and freshwater is increasingly scarce.
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Open L0700-CS-NC-WATER
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GO SlideNav-for-TVA #WATER
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(6) PBS - PHYSICAL ECONOMY
TECHNOLOGY, MACHINERY, PRODUCTS, PROCESSES, VEHICLES, INFRASTRUCTURE
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Bridges / Rail / Water / Ports /
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PHYSICAL CAPITAL
TECHNOLOGY, MACHINERY, PRODUCTS, PROCESSES, VEHICLES, INFRASTRUCTURE
Physical capital is the product, factories, plant and equipment associated with business operations, as well as the infrastructure used for transport, communications, energy and so forth owned in both the public and private sector. Physical capital has costs to operate, needs maintenance and depreciates over time. The efficient performance of this physical capital determines how much quality of life there can be relative to the consumption of non-renewable resources.
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Open L0700-CS-PC-PHYSICAL-CAPITAL
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GO SlideNav-for-TVA #PC
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PRODUCTION / PROCESSES / PLANT AND EQUIPMENT
NAVIGATION BY SECTOR
Much of the data and relationships in business are organized according to sector. This facilitates efficiency but creates 'silos' and inhibits 'out of the box' innovation
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Open L070-PC-PROCESSES
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Open SlideNav-Sectors-Processes
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(7) MONEY, BANKING AND FINANCIAL SERVICES
THE PROFIT METRIC, FINANCIAL WEALTH, MONEY, BANKING AND FINANCE
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Money / Profit growth / GDP growth / Stock Prices / Cost push inflation / Wages chasing prices
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TRENDS IN THE FINANCIAL ECONOMY
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TRENDS IN THE FINANCIAL ECONOMY
Slideset about the financial economy
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GO SlideNav-for-TVA #FC
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BANKING AND THE FINANCIAL SERVICES SECTOR / CAPITAL MARKETS
There are thousands of ISSUES specific to the banking and financial services sector
Since the 1980s, financial capital has grown at an impressive compound rate ... in large part because it is the only part of the socio-enviro-economic system with a coherent set of metrics for financial performance.
The nature of finance and investment has changed over the years. Physical assets have lower importance in financial thinking now than in the past. Anything that earns profit has investment value not matter what its related value destruction (which is not measured in conventional metrics).
Money is important for QUALITY of LIFE, not per se, but in order to pay bills. This must come from money income (jobs/employment) or accumulated money wealth
There are thousands of ORGANIZATIONS that provide banking and financial services, the essential ecosystem of money, banking and finance.
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The BANKING and FINANCIAL SERVICES SECTOR
The SECTOR that makes up the banking and financial services industry has become huge and complex. The sector provides the essential ecosystem to enable flows of money and securities. The sector has become immensely profitable (which is measured) but perhaps not very valuable (which is not measured)!
In some ways there is competition and markets, but there are also parts of the system that are a monopoly either because of regulation or simply the structure of the industry
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Open L0700-SI-BANKING-FINANCIAL-SERVICES
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FINANCIAL CAPITAL
For the very wealthy FINANCIAL CAPITAL is toy ... and a game. A small amount of financial capital is very valuable for people in the middle class ... but the value is quite different for those with substantial wealth.
The accumulation of financial wealth has been a 'goal' in life for many people who have become educated in the last two or three generations. Whether this has resulted in happiness and a better quality of life is not as obvious as it was expected to be.
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Open L0700-CS-FC-FINANCIAL-CAPITAL
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FINANCE
Without FINANCE, most everything will grind to a halt
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Open L0700-MX-FINANCE
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MONEY / MEDIUM OF EXCHANGE
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Open L0700-MX-MONEY
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TRENDS IN THE FINANCIAL ECONOMY
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Open L0700-CS-FC-Money
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TRENDS IN THE FINANCIAL ECONOMY
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Open list0300-Banking-Finance-Money
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About ORGANIZATIONS in the Banking and Financial Services Sector
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Open L0200-ORGS-BANKS-FINANCIAL-SERVICES
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FINANCIAL / GOODWILL
Capital markets have made the financial intangible of goodwill bigger than real tangible assets!
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Open L0700-CS-FC-Financial-Goodwill
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COST OF LIVING
Life is impossible without incurring costs ... the costs of living. There are many different standards of living, each with different associated costs.
For a long time, a 'better' quality of life was associated with more consumption and a higher cost of living. This correlation was valid when people had less than the optimum for a decent quality of life, and in this situation more was better. But when basic needs are satisfied, and some luxuries are owned, more gets less and less important ... and too much starts to be a burden.
Not enough money to pay for the costs of living is a very bad situation and one that is faced by too many people. For most people a 'job' is the source of money, and too many people either do not have a job, or have a job that does not pay a decent living wage.
This problem is not solved by enabling consumer credit, but does enable people to consume beyond their means. During the past 40 years the balance sheet of American families has been weakened dramatically ... and then made even worse when the banking and housing crisis diminished real estate values for millions of middle class families.
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Open L0700-PE-QL-Income-jobs-employment
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ISSUES with MONEY BASED METRICS and FINANCIAL ENGINEERING
There are many issues with conventional money based performance indicators. The PROFIT metric is very powerful but it is calculated without taking into account the damage done by business activity on society and the environment. Also STOCK PRICES are a measure that strongly correlates to profit performance, even thuogh profits ignore social and environmental externalities. Money is used as the unit of measure, even though money has not intrinsic value but is simply the result of market forces and 'trust'.
Progress in the modern economy has been measured in terms of financial wealth. Corporate performance is also measured in terms of its contribution to financial wealth whether or not through stock market values. Money metrics are at the core of most modern economic analysis and this is one of the reasons why the modern economy has become seriously dysfunctional in many ways. The financial metrics ignore all externalities that relate to people/society and planet/environment.
Money has ancient origins ... but is being used in the modern world in many ways that are little understood and potentially very dangerous. PROFIT is the conventional measure of business performance, but it is insufficient for the modern world in the 21st century.
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BETTER METRICS
TRIPLE BOTTOM LINE introduced by John Elkington in 1994 being PROFIT, PEOPLE and PLANET is better. Trua Value Impact Accounting (TVIA) is being developed to measure in a numerical way, the material elements that go into reporting for PROFIT, PEOPLE and PLANET.
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Open L070-TVIA
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(8) PBS - INTANGIBLE ECONOMY
KNOWLEDGE, KNOW-HOW, IP, GOODWILL, REPUTATION, RULE-OF-LAW, SECURITY>/b>
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Knowledge / Government / Rule of Law / Ethics / Culture / Security
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SlideNav
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PEOPLE BUILT SYSTEMS ... INTANGIBLE CAPITAL
THIS HAS BEEN THE SOURCE OF A HUGE AMOUNT OF FINANCIAL WEALTH OVER THE PAST 50 YEARS
One of the benefits of True Value Accounting is bringing some clarity to the role that INTANGIBLE CAPITAL is playing in the progress and performance of the socio-enviro-economic system. It is increasingly apparent that the growth of intangible capital has enabled inequity in important ways.
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Open L0700-CIC-CREATED-INTANGIBLE-CAPITAL
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KNOWLEDGE / BASIS FOR INNOVATION
MODERN KNOWLEDGE IS AMAZING - BUT COULD BE USED BETTER
Knowledge is the result of study, research and learning. Knowledge is a critical enabling factor for the efficient functioning of the modern enviro-socio-economic system. Knowledge has increased very rapidly in the past century, and there are massive amounts of new knowledge every day. The challenge is to use this knowledge in the most valuable and positive way for the benefit of society, This has not been the experience over the past fifty years, and has to change. There is a huge amount of knowledge now compared to the past, and it is growing exponentially. The question is whether or not knowledge will be used for good or ill.
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Open L0700-CS-KC-KNOWLEDGE-CAPITAL
Open L070-ET-ENGINEERING-TECHNOLOGY
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GO SlideNav-for-TVA #KNOWLEDGE
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ENABLING ENVIRONMENT / GOVERNMENT / LAWS, RULES AND REGULATIONS
GOVERNANCE / LAWS, RULES AND REGULATIONS / TAX REGIME / GOVERNMENT INCENTIVES / SECURITY / COMPANIES / INSTITUTIONS / ETC
Society has had laws, rules and regulations for thousands of years. These are needed, but they should be efficient and fair and not gamed for the benefit of powerful special interests.
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Open L0700-CS-IC-Government
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ENABLING ENVIRONMENT / INSTITUTIONS
GOVERNANCE / ENABLING ENVIRONMENT / LAWS, REGULATIONS / SECURITY
This is the framework that enables much of People Built Structures and Systems to be effective. The modern enviro-socio-economic system has been built on top of and around an enabling environment comprising governance systems, rule of law, rules and regulations, systems of justice and law enforcement, property rights, ownership of intellectual property, structures of government and governance, structures for corporate organizations and so on.
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Open L0700-CS-IC-INSTITUTIONAL-CAPITAL
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PRODUCT SAFETY / PERSONAL AND NATIONAL SECURITY
PRODUCTS / LOCAL, NATIONAL AND INTERNATIONAL SECURITY
A competent and strong military is important ... but competent, strong dimplomacy is even more important.
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LOCAL SECURITY
Police, courts and prisons are part of local security ... but culture and attitude on the part of everyone are even more important.
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CULTURE / ARTS / RELIGION / RECREATION
PRODUCTS / LOCAL, NATIONAL AND INTERNATIONAL SECURITY
A competent and strong military is important ... but competent, strong dimplomacy is even more important.
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Open L0700-CS-CC-CULTURAL-CAPITAL
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(9) PLACE
WHERE PEOPLE LIVE THEIR LIVES ... CITIES, REGIONS, COUNTRIES
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PLACE: Cities / Neighborhood /
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PLACE
WHERE PEOPLE LIVE THEIR LIVES / CITIES, REGIONS, COUNTRIES
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 L0700-RE-PLACES
Open L070-PL-PLACE
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GO SlideNav-for-TVA #PLACE
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PLACE - COMMUNITY
Community is an instance of a PLACE. It is small enough to be easy to understand, and therefore easier to manage Community is small enough for issues to be meaningful for the day to day life of people who live their lives in the community
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Open L0200-COMMUNITIES
Open L0200-PL-communities
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CITIES, URBAN COMMUNITIES
Cities and urban communities are instances of PLACE. They may have a very large population and are more difficult to understand and manage
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Open L0200-CITIES
Open L0200-PL-cities
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COUNTRIES
Country level data provide the dominant metrics used by organizations like the World Bank, the United Nations and others in the assessment of socio-economic progress and performance. In TVM we want to go deeper than the country level metrics ... the country is a start.
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Open L0200-COUNTRIES
Open L0200-PL-countries
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REGIONS
In this context, a region is a group of countries such as the Middle East, or Europe or some group of countries such as NATO or the Horn of Africa.
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Open L0200-REGIONS
Open L0200-PL-regions
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STATE or AREA
A STATE or AREA is a part of a country. It may be delineated by some physical geographic characteristic or it may be defined administratively. The Nile River basin would be an example of a physical characteristic. A Province in Canada or a State in the United States are examples of administative delineation.
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Open L0200-AREAS
Open L0200-PL-areas
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(10) STREAMS / PRODUCTS / PROCESSES / SECTOR
PRODUCTS ENABLE QUALITY OF LIFE AND STANDARD OF LIVING ... PRODUCTS STREAM THROUGH THE SYSTEM PULLING EVERYTHING TOGETHER
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(11) ORGANIZATION / ORGANIZATIONS
AN ESSENTIAL ELEMENT IN THE SYSTEM THAT ALLOWS FOR SCALE AND PERFORMANCE EFFICIENCY
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ORGANIZATIONS: Banks / E-Business / Big retail / Franchise chains / Small business
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ORGANIZATION / ORGANIZATIONS
THE IDEA OF ORGANIZATION / BIG PROJECTS TAKE ORGANIZATION / THINK THE PYRAMIDS IN EGYPT
WITHOUT ORGANIZATION THERE IS CHAOS. There are many ways to organize, but the primary goal of organization is to do something with efficiency. Measurement is an essential part of effective organization.
ORGANIZATIONS ARE USED TO IMPLEMENT IDEAS. There are many ways to organize. Organizations have been a very important part of economic and financial performance for several hundred years. The metrics used in for-profit organizations to manage profit improvement have been very effective, but insufficient because they have ignored externalities up until now.
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Open L0700-RE-ORGANIZATIONS
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Organizational Capital
Organizational Capital is one of the components of CREATED INTANGIBLE CAPITAL ... and very important in the creation over time of an unusual amount of 'goodwill' that has been an important driver of the growth of FINANCIAL CAPITAL
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Open L0700-CS-IC-Organizational-Capital
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ABOUT BURGESS / BACKGROUND
BURGESS BACKGROUND, BOOK MANUSCRIPTS, ESSAYS, BLOG POSTS and SOME SITE HISTORY
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MOST EVERYTHING ABOUT PETER BURGESS (TPB)
Bio Background / Draft Manuscripts / Essays / Blogs / Connections / Experience and lessons learned
Studied engineering and economics at Cambridge. Subsequently qualified as a Chartered Accountant in the UK in 1966. A fast track corporate career involving profit performance improvement including VP manufacturing and VP/CFO of international company based in the USA. Independent consulting for World Bank, the United Nations and other international development and humanitarian aid organizations. Currently working to design, develop and deploy True Value Accounting / Multi Dimension Impact Accounting (TVA/MDIA)that aims to be as rigorous for impact on society and environment as conventional accounting is for financial profit. TVA/MDIA works not only for ORGANIZATIONS, but also for PEOPLE, PLACES, PRODUCTS, PROCESSES, PROJECTS and PROGRAMS and enables responsible investing and responsible procurement.
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BURGESS BIO
Updated CV as of November 2016
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Open Burgess Bio PDF
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About Burgess / Linkedin Connections
Navigation to more than 6,000 Burgess Linkedin connections
| Open n1-Burgess-Linkedin-Connections
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EVENTS - Prior year 2017
This also gives navigation to EVENTS for other years
| Open L0200-EVENTS-2017
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EVENTS - Current year 2018
This also gives navigation to EVENTS for other years
| Open L0200-EVENTS-2018
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