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Basic Concepts for TrueValueMetrics
Version of 2010
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The Basic Concepts of True Value Metrics (TVM) was drafted as a book to describe the main characteristics of TVM. The separate chapters of the book may be downloaded in PDF files. Sections of each chapter may be viewed as webpages.
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Contents
This file contains the contents of the eight chapters
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Contents as PDF
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Chapter 1 - Introduction and Context
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This chapter sets out to introduce the writer, establish his credibility in this subject area and the set the context for the development of True Value Metrics TVM) or something like it. Though the book is very critical of established metrics and global socio-economic performance, the book aims to be optimistic about a future that uses better metrics!
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Chapter 2 - How True Value Metrics Improves Quality of Life
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This chapter introduces the way TVM puts data at the center of everything, but data that are about value as well as just about money. This chapter introduces the framework for analysis that is used in TVM and how with this framework there can be more decision making utility without catastrophic data overload.
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Chapter 3 - Data Types and Attributes
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Data is at the center of TVM, but exactly what data? This chapter describes different characteristics of data that are used by TVM, and the importance TVM puts on knowing about time and place in connection with all the data.
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Chapter 4 - Analysis Methods
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This chapter is about the ways in which TVM data are used in analysis … the importance of the value component as well as the money component. This chapter shows how the basic money accounting
framework is used and how a community perspective is different from an organization perspective.
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Chapter 5 - State, Progress and Performance
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This chapter goes into more detail about the three core elements of TVM analysis, the state, the progress and the performance. These are modifications of the core business accounting idea of balance sheet and profit and loss account that enable the value aspect of society to be part of a similar construct.
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Chapter 6 - Entities for Value Analysis and Reporting
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This chapter describes the change in perspective that there is with TVM compared to the organization perspective that dominates business money accounting, and organization centric performance analysis. TVM makes people and the performance of the community central to the metrics.
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Chapter 7 - Enabling Technology
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This is a short chapter. This chapter does not attempt to describe technology, but merely alerts the reader to the idea that technology is extremely powerful and can enable data analysis in ways that were impossible just a few years ago. It also alerts the reader to some of the issues that are emerging related to information infrastructure.
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Chapter 8 - Using True Value Metrics
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This chapter is a primer on how TVM can be used by anyone anywhere. For some readers this may be the only chapter they bother with … so it aims to be practical while having enough of the
driving concept of TVM embedded in the practical guidance.
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