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MANAGING FOR A BETTER WORLD
In very many ways, the world is a better place than it was a hundred years ago, or indeed, better than it has ever been. But that is not to say that it is any way near as good as it ought to be, given the amazing knowledge that presently exists. One of the biggest single reasons for this delta between what could and shhould be and what is, is that the main systems of management are no longer fit for purpose. The Triple Bottom Line was described by John Elkington in 1993. There are powerful metrics for profit, but effective metrics for people and planet have not been clearly articulated within mainstream management circles. Worse, while there is more and more collection of data, far too little attention has been paid to changes in state. While there has been an aggregate growth in financial or economic capital, it has come at the expense of social capital and natural capital, neither of which are accounted for effectively.
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SOME BASIC CONCEPTS
TrueValueMetrics (TVM) draws on basic concepts from science and accountancy that have been used for a very long time. Accountancy is the underlying structure upon which modern corporate management information systems are based, and is very powerful, but limited only to the financial dimension of performance. The basic idea of TVM is that the same framework that is used for financial performance of an entity may also be used as the foundational framework of accounting for everything.
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Basic Concepts
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Open L070-CC-CORE-CONCEPTS
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