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Date: 2025-08-22 Page is: DBtxt003.php L0912-TVIA-2017-070000
Burgess Manuscript
True Value Impact Accounting
Re-Thinking Accountancy to Suit the 21st Century
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#4 - MISC
MISC

MANAGING IN A COMPLEX SYSTEM
Not easy, but not impossible

One of the big issues of the day is that there have been several generations of managers who have been taught a lot about how to manage for the maximization of profit in the corporate busines or in the financial sector, but very little about managing for social beneift or for environmental sustainability.

Worse, there has been a myth that corporate managers have a legal (fiduciary) respnonsibility to manage for maximum profit, and to do anything else would subject them to legal sanctions.



Resources are an Asset
Resources of the community ... No ... not so quick
One would think that natural resources would be an asset of the community, but sadly, the rule of law may have preempted what seems like common sense so that the legal reality is something very different.

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