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True Value Metrics (TVM)
Meaningful Metrics for a Smart Society
TM
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TM
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TRUE VALUE IMPACT ACCOUNTING
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WE WANT TO MAINTAIN AN OPEN KNOWLEDGE MODEL
A MODEST DONATION WOULD BE OF HUGE VALUE!
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BETTER METRICS
TRUE VALUE IMPACT ACCOUNTING
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GO TOP
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Quality of Life / Natural Capital / Financial Capital / Physical Capital / Industrial Detritus
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OVERVIEW - TVIA
ACCOUNTABILITY FOR EVERYTHING USING DOUBLE ENTRY ACCOUNTING FOR EVERYTHING
Conventional financial accounting uses money as its unit of account, and concerns itself mainly with money revenues, costs and profits without taking into account the 'externalities' which impact society, natural resources and the environment.
The True Value Impact Accounting (TVIA) initiative builds on the powerful well-established double entry accounting construct to account for everything, giving accountability for ALL of CAPITAL (i.e. HUMAN CAPITAL, NATURAL CAPITAL and CREATED PHSYICAL AND INTANGIBLE CAPITALS) and not just FINANCIAL CAPITAL.
TVIA uses multiple UNITS OF ACCOUNT rather than only money and STANDARD VALUE PROFILES for the PRODUCTS that flow through the system
TVIA has a comprehensive architecture that enables coherent progress and performance reporting for ORGANIZATIONS, PEOPLE (Individuals and families), PLACES, PROCESSES, PRODUCTS and STREAMS.
The purpose of TVIA is to enable better decision making to build better societies and a sustainable world. An important part of the initiative is to facilitate better timely decisions by individual people.
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Open L07-TVIA
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BACKGROUND / CONTEXT / ISSUES
SYSTEMIC DYSFUNCTION / WASTED OPPORTUNITIES
HUNGER / HOMELESSNESS / DESTRUCTION / POVERTY / MORALITY / KNOWLEDGE
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GO TOP
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Civil war / Devastation / Genocide / Hunger / Homelessness / Poverty /
Moral Authority / Knowledge
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Genocide (Liberia)
Hunger (Kenya)
Frontier (Moon)
Albert Einstein
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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.
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 L070-OVERVIEW
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THOUSANDS OF ISSUES
A MULTITUDE OF ISSUES NEED TO BE ADDRESSED ... SYSTEM DYSFUNCTION NEEDS SYSTEM SOLUTIONS
Around 15,000 webpages / papers about hundreds of important issues (chronological)
Navigation to resources by issue
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Open L0200-ISSUES-Chrono
Open L0200-ISSUES-Alpha
Open L070-CL-CLUSTERS-of-issues
SYSTEMIC DYSFUNCTION OF A COMPLEX SYSTEM
AMAZING KNOWLEDGE AND TECHNOLOGY BUT UNSATISFACTORY PROGRESS AND PERFORMANCE
The global socio-enviro-economic system (SEES)comprising a PEOPLE dimension, a NATURE dimension and a PEOPLE BUILT (CREATED CAPITAL) dimension is massively interconnected.
Exponential growth in knowledge and the capabilities of technology, impressive growth in the wealth of owners, rather slow progress for ordinary working people.
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Open L0300-Systemic-Dysfunction
Open L07-SEES
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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 these measures show that a small number of people have done very well while most people have not. Management metrics are used to improve financial performance, but the same power is not applied for impact on people and society and the impact on nature and the environment.
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Open L070-MT-METRICS
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IDEAS
HUNDREDS OF IDEAS ... BUT NOT MANY GET THE TRACTION NEEDED TO MAKE A DIFFERENCE
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Open L070-EI-EMERGING-IDEAS
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-PE-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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Open L0700-SS-CONSTRAINTS
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ALL THE CAPITALS
NOT JUST FINANCIAL CAPITALS ...CAPITAL FOR ALL THE SOCIO-ENVIRO-ECONOMIC SYSTEM
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GO TOP
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REPORTING ENTITIES
ORGANIZATIONS / PEOPLE / PLACES / PROCESSES / PRODUCTS / STREAMS
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GO TOP
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STREAM / STRANDS/ STRINGS: Raw Materials / Manufacturing / Food / Water / Health / Education / Recreation
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OVERVIEW
ORGANIZATIONS / PEOPLE/ PLACES / PROCESSES / PRODUCTS / STREAMS
Reporting about organizations dominates economic discussion, and to a lesser extent national economic performance. This is insufficient as it ignores the critical matter of people and their quality of life, and the environment upon which everything ultimately depends. Accordingly in TVIA there is a complete range of reporting entities so that everything is embraced.
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Open L0700-RE-REPORTING-ENTITIES
Open L07-TVIA#RE
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ORGANIZATIONS
HOW ONE THING AND EVERYTHING IMPACTS ON EVERYTHING ELSE ... FOR GOOD OR BAD ... TRIPLE BOTTOM LINE
ORGANIZATIONS: Banks / E-Business / Big retail / Franchise chains / Small business
Organizations report more than any other part of the socio-enviro-economic system, but the focus is all about financial performance and the impact for owners / investors. External impacts are ignored in conventional accounting and financial reporting. TVIA builds on the existing conventional accounting making it possible to also report on material externalities that impact people, society and the environment.
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Open L0700-RE-ORGANIZATIONS
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PEOPLE
THE MAIN PURPOSE OF EVERYTHING IS TO IMPROVE QUALITY OF LIFE FOR PEOPLE
Human Capital / Babies / Families / Healthy Food
People are the most important part of the socio-enviro-economic system ... everything else supports the quality of life of people. TVIA makes the reporting about people a key part of the reporting framework.
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Open L0700-RE-PEOPLE
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PLACE
EVERYTHING HAPPENS IN A PLACE, IT IS WHERE PEOPLE LIVE THEIR LIVES AND EVERYTHING IS LOCATED.
Cities / Suburbs / Rural areas / Industrial areas / Mountains / Wetlands
A PLACE is where economic activity consumes resources, degrades the environment and produces products that a needed and wanted by people. A PLACE is where all the sectors come together to enable quality of life and everything else.
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Open L0700-RE-PLACE
GO Slidenav#PLACE
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PRODUCTS
STUFF ... GOODS AND SERVICES ... THAT ARE ESSENTIAL FOR QUALITY OF LIFE FOR PEOPLE
Vegetables / Meat / Personal Products / Electronics / Automobiles
Organizations know a lot about the products that flow into and are produced by the organization. TVIA uses a system of Standard Value Profiles to inform people at large about the value of products and the impact of products on the socio-enviro-economic system.
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Open L0700-RE-PRODUCTS
Open L0700-CPC-PRODUCTS
Open L0200-PRODUCTS
GO Slidenav#PRODUCTS
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PROCESSES
ENABLES PRODUCTS TO BE PRODUCED MORE OR LESS EFFICIENTLY
Mining / Steel Strip Rolling Mills / Petrochemicals / Ocean Shipping
Processes have been optimized by organizations in order for the organization to make the most profit while ignoring associated impact on people, society and the environment. TVIA gives strong incentive for the performance of process to be optimized for the benefit of all of the socio-enviro-economic system.
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Open L0700-RE-PROCESSES
Open L0700-CPC-PROCESSES
Open L0200-PROCESSES
GO Slidenav#PROCESSES
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STREAMS / STRANDS / STRINGS
HOW ONE THING AND EVERYTHING IMPACTS ON EVERYTHING ELSE ... FOR GOOD OR BAD ... FOR GOOD AND BAD
Vegetables / Meat / Palm Oil / Energy / Building Materials
The socio-enviro-economic system is complex and connected. TVIA enables the analysis of STREAMS / STRANDS / STRINGS because most PRODUCTS flow through many PLACES, through many PROCESSES and ORGANIZATIONS and have a variety of impacts on PEOPLE, on SOCIETY and on NATURE
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Open L0700-RE-STRANDS
Open L0700-SS-STREAMS-STRANDS-STRINGS
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SECTORS / INDUSTRIES
WHERE SPECIALIZATION ENABLES HIGH PERFORMANCE ... OR NOT
Agriculture / Manufacturing / Energy / Construction / Mining / Education / Health / Recreation
Sector or industry statistics are not very useful for measurement and management. However they do serve as centers of technical excellence, while also suffering the problem of 'silos'. For example, many of the UN's specialized agencies are organized along sector or industry lines.
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Open L0700-SI-SECTORS-INDUSTRIES
Open L07-TVIA#SI
GO SECTORS
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MULTIPLE UNITS OF ACCOUNT
MULTIPLE UNITS OF ACCOUNT SOMEWHAT EQUIVALENT TO MULTIPLE CURRENCIES IN FINANCIAL ACCOUNTING
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GO TOP
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UNITS for HUMAN VALUE / UNITS for NATURE'S VALUE / MONEY for FINANCIAL CAPITAL / UNITS applied to PROCESSES and PRODUCTS
Quality of Life / Natural Capital / Corporate Performance / Financial Capital / Physical Capital / Environment / Industrial Detritus
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MULTIPLE UNITS OF ACCOUNT
MORE POWERFUL THAN A SIMPLISTIC MONETIZING OF IMPACT
Conventional financial accounting uses money as its unit of account, and there are established methods for the use of multiple currencies when this is needed because of the nature of the business.
With TVIA, multiple UNITS OF ACCOUNT are used in a similar way to account for the way in which different activities impact ALL the CAPITALS that make up the SOCIO-ENVIRO-ECONOMIC SYSTEM. This is more powerful and more flexible than the idea of valuing everything using money and markets
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Open L070-UA-UNITS-OF-ACCOUNT
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MONEY
Long history as the foundation for ALL economic measurement ... but in need of complementary metrics to address all issues
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Open L0700-UA-CFC-MONEY
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A UNIT OF ACCOUNT FOR LIFE AND QUALITY OF LIFE
LIFE and QUALITY OF LIFE are the most important measure of PROGRESS and PERFORMANCE
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Open L0700-UA-HC-HUMAN-CAPITAL
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A UNIT OF ACCOUNT FOR NATURAL CAPITAL - LAND
LAND IS LIMITED and there are many alternative uses that are required in a sustainable system.
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Open L0700-UA-NC-LAND
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A UNIT OF ACCOUNT FOR NATURAL CAPITAL - WATER
WATER is vital for human life as well as for production in both people built systems and in natural systems
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Open L0700-UA-NC-WATER
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A UNIT OF ACCOUNT FOR NATURAL CAPITAL - AIR
Degradation of CLEAN AIR has consequences including deterioration of human health
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Open L0700-UA-NC-AIR
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A UNIT OF ACCOUNT FOR NATURAL CAPITAL - CLIMATE / GHG
Changes in the ATMOSPHERE as a result of Green-House-Gas (GHG) emissions are changing climate behavior with huge existential implications.
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Open L0700-UA-NC-CARBON-CLIMATE
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A UNIT OF ACCOUNT FOR NATURAL CAPITAL - BIODIVERSITY
Changes in the ATMOSPHERE as a result of Green-House-Gas (GHG) emissions are changing climate behavior with huge existential implications.
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Open L0700-UA-NC-BIODIVERSITY
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A UNIT OF ACCOUNT FOR NATURAL CAPITAL - ECO-SYSTEM SERVICES
Changes in the ATMOSPHERE as a result of Green-House-Gas (GHG) emissions are changing climate behavior with huge existential implications.
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Open L0700-UA-NC-ECOSYSTEM-SERVICES
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A UNIT OF ACCOUNT FOR NATURAL CAPITAL - NATURAL RESOURCE DEPLETION
Changes in the ATMOSPHERE as a result of Green-House-Gas (GHG) emissions are changing climate behavior with huge existential implications.
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Open L0700-UA-NC-RESOURCES
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STANDARD VALUE PROFILES
AN OPEN ACCESS DATABASE FOR STANDARD VALUE PROFILES FOR EVERYTHING
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GO TOP
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FOOD / SHELTER / MOBILITY / CLOTHING / ENERGY / MATERIALS
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STANDARD VALUE PROFILES
CRITICAL DATA ABOUT THE TRUE COSTS AND VALUE OF EVERY PRODUCT ON THE PLANET
Well managed companies know a lot about every product that is flowing into their organizations and being produced for sale. There is nothing like this level of knowedgle about the products that are flowing through society and having impact on people and the environment.
In companies one technique for documenting knowledge about products is the idea of Standard Costs which is powerful and relatively low cost. In the TVIA data architecture, the equivalent are STANDARD VALUE PROFILES.
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Open L070-STANDARD-VALUE-PROFILES
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Navigation to -->
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MainNav
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SlideNav
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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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BURGESS BIO
Updated CV as of November 2016
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Open Burgess Bio PDF
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EVENTS - Current year
This also gives navigation to EVENTS for prior and future years
| Open L0200-EVENTS-2017
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