TRUE VALUE METRICS Numbering the Triple Bottom Line Accounting for ALL the Capitals Navigation to a massive amount of information SITE NAV CONTEXT ISSUES POSSIBILITIES HOW THE WORLD WORKS SECTOR PROCESS IMPACT STATE ALL THE CAPITALS ACTORS PEOPLE ORGANIZATIONS PRODUCTS STUFF CONSUMPTION PLACE COMMUNITIES COUNTRIES PEOPLE QUALITY OF LIFE NATURE SOURCE of all VALUE ECONOMY MONEY LIQUIDITY TRUEVALUE DATA at the CENTER ABOUT VISION STRATEGY INPAGE (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) Double Entry AccountabilityTM for PEOPLE, PLANET and PROFIT FACING UP TO CHRONIC UNSUSTAINABILITY METRICS TO MAKE THE WORLD A BETTER PLACE TRANSPARENCY / ACCOUNTABILITY Tweet WE WANT TO MAINTAIN AN OPEN KNOWLEDGE MODEL A MODEST DONATION WOULD BE OF HUGE VALUE! . #1 CONTEXT ISSUES and POSSIBILITIES . MANY ISSUES / PROBLEMS INCOME INEQUALITY PLASTIC POLLUTION CONSUMPTION WASTE FOOD DEFORESTATION NO WATER DROUGHT FINANCIAL GREED MANY TERRIBLE OUTCOMES Poverty Starvation War - Physical Destruction War - Human Lives Lost Urban Decay Industrial Pollution Extreme Weather EXISTENTIAL RISKS CLIMATE CHANGE ECOSYSTEM FAILURE INEQUALITY WEALTH INEQUALITY POVERTY GLOBAL WARFARE BANK FAIURE ALL SORTS OF GOOD PEOPLE Nuclear Family Indian family South Asia Arab Women Middle East Nelson Mandella South Africa Paul Polman Unilever Bill Gates Gates Foundation There are many good nice people everywhere on the planet. Everyone needs to have ways to better themselves and their families. People must also take responsibility to consume more efficiently so they do less damage to the environment. AMAZING TECHNOLOGY Rapid technological development over past 200 years ... and accelerating MEDICAL SCIENCE MATERIALS Genetic code / DNA Antibiotics 3D Printing Composite materials Plastics High strength steels ELECTRONICS COMMUNICATIONS IBM Microsoft Oracle Apple Print Media Digital Media SOCIAL MEDIA PASSENGER TRANSPORT Google Facebook Twitter Passenger Rail Passenger Car Passenger Bus FREIGHT / LOGISTICS AEROSPACE Shanghai new port Container Ships Freight rail Jet engines Passenger Aircraft Satellites We should use technology to make it possible for people to have a better life. We have deployed technology to make the most financial wealth. It is time to use amazing technology to improve society and the environment and not just the profit. Better metrics will help to solve these problems. There is no one slver bullet that is going to solve all problems. Better metrics along the lines of TrueValueMetrics More accountability ... stronger, quicker! Site Navigation CONTEXT / ISSUES /POSSIBILITIES SYSTEMIC FAILURES / HUNGER / POVERTY / HOPELESSNESS / DESTRUCTION GOOD PEOPLE / AMAZING TECHNOLOGY / HUGE POSSIBILITIES Open L07-CONTEXT-ISSUES-POSSIBILITIES . . #2 HOW THE WORLD WORKS SOCIO-ENVIRO-ECONOMIC SYSTEM GO TOP IT'S A COMPLEX WORLD! The system has been managed for the benefit of those who own financial capital. The result is catastrophic inequality and unsustainable depletion of natural capital and the degradation of the environment. Better metrics like TrueValueMetrics can be a gamechanger. ALL THE CAPITALS ARE INVOLVED ... EVERYTHING IS INTERCONNECTED SOCIAL CAPITAL SOCIO NATURAL CAPITAL ENVIRO ECONOMIC CAPITAL ECONOMIC Social and economic progress has been achieved over the past 200+ years by expoiting natural capital. All value originates with nature and everything depends on nature. This is unsustainable, but technological innovation can (must) change things for the better. MONEY ... WRONG GOAL, WRONG METRIC, WRONG RESULT MONEY LOSING VALUE GDP SIZE HUGE GROWTH INTANGIBLES SMALL REAL VALUE Money is the dominant measure ... but has been gamed for decades. It does not stand for anything and totally depends on 'trust' ... whatever that is. SOCIAL CAPITAL ... THE INDIVIDUAL AND THE FAMILY STATE CONSUME CONTRIBUTE People live their lives ... they make decision and consume to support quality of life ... and they contribute in many different ways SOCIAL CAPITAL ... PEOPLE ENGAGE IN MANY WAYS as INDIVIDUALS in COMPANIES in GOVERNMENT PEOPLE are the ACTORS ... either on their own or within ORGANIZATIONS. It is people that make decisions and they have to be held accountable for the decisions they are making. ECONOMIC CAPITAL ... PROFIT and PAYROLL PROFITS PROFITS EXECUTIVES HUGE GAINS WORKERS FLATLINE Profits and stock market have increased spectacularly in the past 40 years and executive pay has increased from 50X to 500X of worker pay. Worker pay has flatlined since the 1980s while productivity and profits have increased. PROCESSES HAVE MULTI-CAPITAL COSTS AND PRODUCE PRODUCTS STEEL SHIPPING ELECTRICITY Process improvement has been impressive for decades. Labor productivity is up substantially, but many processes are energy intensive and environmentally unsustainable. PRODUCTS HAVE IMPACT AT ALL STAGES OF THEIR LIFE CYCLE CARS FOOD CLOTHES More products and more consumption improves quality of life up to a point. But the manufacture of products results in industrial pollution which is bad for the planet. Getting a better balance is essential. PLACE IS WHERE LIFE IS LIVED ... WHERE EVERTHING HAPPENS MAIN ST. SERVICES RECREATION PLACE is a key determinant of quality of life. It is where every sector delivers (or not) the goods and services need for people to have a decent quality of life. WASTE ... HUGE SOCIAL, ENVIRONMENTAL AND ECONOMIC COSTS LANDFILL TRASH RECYCLE Waste contributes nothing to quality of life, but has social, environmental and economic costs. Reducing waste and the idea of circularity in the economy is a win-win-win and has started to grow. Much work still to do. BETTER METRICS NEEDED ... TRUE VALUE ENHANCED ACCOUNTANCY TrueValueMetrics builds on the powerful foundation of conventional financial accountancy. Accountancy's key concepts are used to account for the state, flows and impact for all activities and capitals. . Site Navigation How the Socio-Enviro-Economic system works EVERYTHING CONNECTS TO EVERYTHING ELSE Open L07-HOW-SEES-WORKS . . #3 SECTOR / PROCESS / IMPACT GO TOP SECTOR ACTIVITIES and PROCESSES have IMPACT on ALL the CAPITALS SOCIAL IMPACT ENVIRONMENTAL IMPACT ECONOMIC IMPACT There is a cost of living to support quality of life There are contributions that people make There is net benefit AND change to capitals (hopefully positive) There are storms, earthquakes and natural disasters Ecosystem services are a source of all value There is net benefit AND change to capitals (mostly negative) There are operating costs for all oconomic activities There are benefits from economic activity There is net benefit AND change to capitals (hopefully positive) PRODUCTION ... SECTORS / INDUSTRIES / PROCESSES MINING PRODUCTION LOGISTICS Every sector, every industry, has become very specialized and over a long period of time has been optimized for profit performance. In the past, too little attention has been paid to social and environmental issues, and this must change. FLOWS ... STREAMS / STRANDS / STRINGS SUPPLY CHAIN USE WASTE Everything that is used to support a high standard of living and quality of life has a long supply chain, then production and distribution, then use, and then a post use waste chain. For metrics to be meaningful, all of these stages must be brought into account. CONSUMPTION ... PROCESSES PRODUCE PRODUCTS FOOD CARS CLOTHES Products (goods and services) are some of the things that support quality of life. Without them quality of life degrades, and at the limit, people die. Products flow through the system. Design products the right way and the performance of the system can be improved enormously. . Site Navigation SECTOR / PROCESS / IMPACT EFFICIENCY & EFFECTIVENESS OF ACTIVITIES IS ESSENTIAL Open L07-SECTOR-PROCESS-IMPACT . . . #4 STATE / ALL THE CAPITALS GO TOP TAKE INTO ACCOUNT ALL THE CAPITALS SOCIAL CAPITAL NATURAL CAPITAL ECONOMIC CAPITAL SOCIAL CAPITAL Individual The basis for everything important ... Family The family an important part of the social structure Community The place factors into quality of life (1) HUMAN CAPITAL (2) RELATIONSHIP CAPITAL (3) LOCATIONAL CAPITAL NATURAL CAPITAL LAND RESOURCES WATER BIODIVERSITY AIR ECOSYSTEMS (1) LAND (2) WATER (3) AIR (4) RESOURCES (5) BIODIVERSITY (6) ECOSYSTEMS ECONOMIC CAPITAL FINANCIAL Adding to wealth is dominant goal ... PHYSICAL Tangible physical structures ... INTANGIBLE Important elements for quality of life ... (1) FINANCIAL CAPITAL (2) PHYSICAL CAPITAL (3) INTANGIBLE CAPITAL . Site Navigation STATE / ALL THE CAPITALS NOT JUST THE FINANCIAL CAPITAL Open L07-STATE-ALL-THE-CAPITALS . . #5 ACTORS / PEOPLE / ORGANIZATIONS FOR DECISIONS ... RESPONSIBILITY ... ACCOUNTABILITY GO TOP . PEOPLE AT THE CENTER OF EVERYTHING Good people everywhere ... but too many left behind Bad folk not held accountable ... and a root cause of inequality GOOD PEOPLE POWERFUL PEOPLE BAD PEOPLE Indian family South Asia Arab Women Middle East Bill Gates Microsoft Carlos Slim Grupo Carso Idi Amin Uganda Muammar Gaddafi Libya Huge corporate organizations and governments dominate everything But people run these organizations and make the decisions Google ExxonMobil Rolls Royce HSBC Government Security There are a majority of good people, and some very good leaders; Relatively few bad folk, but too many in positions of power and influence; Too many ultra wealthy folk who have gamed the system in ways that are often legal but still wrong; Most financial wealth has been extracted from society and nature in ways that cannot be sustained; People ... everyone ... especially powerful people, must be held accountable. Site Navigation ACTORS / PEOPLE / ORGANIZATIONS FOR DECISIONS ... RESPONSIBILITY ... ACCOUNTABILITY Open L07-ACTORS-PEOPLE-ORGANIZATIONS . . #6 PRODUCTS / STUFF / CONSUMPTION GO TOP . SUPPORT QUALITY OF LIFE / EARN PROFITS / PROVIDE JOBS Vegetables Meat Housing Clothes Mobility Recreation Products are needed to enable quality of life for people There are essential needs, and also less important wants For the very rich there is a luxury sector But products also create environmental degradation Site Navigation PRODUCTS / STUFF / CONSUMPTION SUPPORT QUALITY OF LIFE / EARN PROFITS / PROVIDE JOBS Open L07-PRODUCTS-STUFF-CONSUMPTION . . #7 PLACE / COMMUNITIES / COUNTRIES GO TOP . Place ... Where Life is Lived Communities Cities Countries Everything is needed in the place to enable Quality of Life Everything is interconnected Nothing important can be missing ... multi-sector is essential Site Navigation PLACE / COMMUNITIES / COUNTRIES WHERE LIFE IS LIVED ... WHERE EVERYTHING COMES TOGETHER Open L07-PLACE-COMMUNITIES-COUNTRIES . . #8 PEOPLE / QUALITY OF LIFE THE MAIN GOAL SHOULD BE BETTER QUALITY OF LIFE GO TOP . The State of Society / Social Capital Quality of life has improved over the past 200 years ... but still far too many people left behind, and not being addressed HUMAN CAPITAL RELATIONSHIP CAPITAL LOCATIONAL CAPITAL Young Child The basis for everything important ... Grown Adult ... and enabling a positive contribution. Family The family an important part of the social structure Community ... as well as good friends and community. Place Everything comes together in a place Products Goods and services accessible and affordable Human Capital ... Reflecting quality of life at the individual level Relationship Capital ... Modified and augmented by family, friends, connections Locational Capital ,,, Modified also by the enabling aspects of the place Site Navigation PEOPLE / QUALITY OF LIFE THE ESSENTIAL PURPOSE OF ALL ACTIVITY Open L07-PEOPLE-QUALITY-OF-LIFE . . #9 NATURE / SOURCE OF ALL VALUE GO TOP . Natural Capital / State of the Environment LAND WATER AIR RESOURCES BIODIVERSITY ECOSYSTEMS Nature is the source of ALL value To improve quality of life, nature has been exploited, depleted and degraded. Nature is rapidly degrading but ignored in conventional financial and economic analysis. This is NOT sustainable. Site Navigation NATURE / SOURCE OF ALL VALUE EVERYTHING DEPENDS ON NATURE Open L07-NATURE-SOURCE-OF-ALL-VALUE . . #10 ECONOMY / MONEY / LIQUIDITY GO TOP . FINANCIAL CAPITAL PHYSICAL CAPITAL INTANGIBLE CAPITAL INVESTMENT BULLS BUILDINGS STEEL MFG. SECURITY CULTURE . THE FINANCIAL ECONOMY / MONEY and LIQUIDITY MONEY US$ has has massive value loss over time MONEY BASE Monetary base has expanded since 2008 STOCKS UP Stock market has been spectacular MONEY DOWN ... but the buying power of the US$ is way down WAGES FLAT and wages flatlining while productivity grows. GDP -v- GPI While GDP is up, progress (GPI) is flat . Site Navigation ECONOMY / MONEY / LIQUIDITY PROFIT LESS IMPORTANT THAN PEOPLE AND PLANET Open L07-ECONOMY-MONEY-LIQUIDITY . . #11 TRUE VALUE / DATA at the CENTER YOU MANAGE WHAT YOU MEASURE GO TOP Numbering the Triple Bottom Line Accounting for ALL the Capitals TRANSPARENCY and ACCOUNTABILITY METRICS TO MAKE THE WORLD A BETTER PLACE Data at the Center Measuring Progress Activities change State Enhanced Accountancy Management is the Art of Making Changes to Achieve Improvement Collect and Analyze Data to Understand How Things Work Expand the GOOD ... Eliminate the BAD More and More Data and Analysis is not Better Management Site Navigation TRUE VALUE / DATA at the CENTER YOU CAN'T MANAGE WHAT YOU DON'T MEASURE Open L07-TRUE-VALUE-DATA-at-the-CENTER METRICS for MANAGEMENT WITHOUT METRICS ... IMPOSSIBLE TO MANAGE Open L070-MM-METRICS-for-MANAGEMENT TRUE VALUE METRICS ENHANCED METRICS FOR BETTER PERFORMANCE AND ACCOUNTABILITY Open L070-TVM . . #12 ABOUT / VISION / STRATEGY ABOUT THE TVM INITIATIVE GO TOP Site Navigation ABOUT / VISION / STRATEGY ENHANCING ACCOUNTING TO IMPROVE SYSTEM PERFORMANCE Open L07-ABOUT-VISION-STRATEGY ABOUT TRUEVALUEMETRICS (TVM) ESSENTIAL FOR SUCCESS Open L070-TVM ABOUT PETER BURGESS (TPB) A LIFETIME OF EXPERIENTIAL LEARNING Open L070-TPB-PETER-BURGESS . EVENTS Events for current year (2019) Open L0200-EVENTS-2019 . L07-DIAGRAMS-TEMP Graphics collection / unsorted Open L07-AAA-DIAGRAMS-TEMP . L070-SN-SITE-NAVIGATION COMPLETE SITE NAVIGATION (no graphics) Open L07-SITE-NAVIGATION SN-CIP ...CONTEXT / ISSUES / POSSIBILITIES UNDERSTANDING THE STARTING POINT ... WHERE WE ARE! Open L070-SN-CIP SN-SEES ...SOCIO-ENVIRO-ECONOMIC SYSTEM ACTIVITIES / CAPITALS / ACTORS / PLACES / PRODUCTS and more Open L070-SN-SEES SN-SEES ... SECTOR VIEW SECTOR VIEW Open L070-SN-SECTOR-VIEW SN-MA ... MANAGEMENT ACCOUNTANCY MANAGEMENT ACCOUNTANCY EMPOWERS BETTER MANAGEMENT Open L070-SN-MA SN-TVM ...TRUE VALUE METRICS ABOUT TVM, THE VISION AND THE STRATEGY Open L070-SN-TVM SN-TPB ...ABOUT PETER BURGESS A LIFETIME OF EXPERIENTIAL LEARNING Open L070-SN-TPB .

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TrueValueMetrics (TVM) is an Open Source / Open Knowledge initiative. It has been funded by family and friends. TVM is a 'big idea' that has the potential to be a game changer. The goal is for it to remain an open access initiative.

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