TrueValueMetrics ... Impact Accounting for the 21st Century


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Date: 2024-06-30 Page is: DBtxt001.php L070-PS-PERSPECTIVES

PERSPECTIVES THE CHALLENGE OF OPTIMIZING FOR MULTIPLE PERSPECTIVES
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There are many different truths from a single activity. It depends on your point of view:

that of the individual person or household,
the community,
a place
a small local business,
a large multi-community business,
a product and all the steps in the life cycle of the product,

its supply chain,
production,
use and
post use waste chain.

Every item or entity in the socio-enviro-economic system needs to be 'numbered' in a way that reflects the impact the entity has accumulated to data and will accumulate in the future.

BIG BUSINESS ... economically efficient
		Profit ... Profit performance and value for stockholders has been the main big business objective for a long time. Optimizing for this one perspective has been very effective.

LOCAL BUSINESS ... socially valuable
		More than profit ... Local business may be economically inefficient, but it has a valuable social function and helps a community socialize.

PEOPLE ... the only reason for economic activity
		Men, women & children ... People must have some essentials to live, but quality of life is much more than this. Happiness is more than just wealth!

PLACE ... a good place to live
		Where people live ... Local retail business may be economically inefficient, but it has a valuable social function and helps a community socialize. Life is better in a community setting.

PLACE ... where economic activity locates
		Where people work ... economic value add in the place serves to support the social activities of the place and quality of life. Location of industry has always been about the characteristics of the place.

PRODUCTS
		Quality of Life is determined to a considerable extent by consumption ... Local business may be economically inefficient, but it has a valuable social function and helps a community socialize.

The text being discussed is available at

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