- Title
- A review of “A New Vision of Value” – old wine, new bottle
- Creator
- Barter, Nick
- Date
- 2016
- Type
- Text; Journal article
- Identifier
- http://researchonline.federation.edu.au/vital/access/HandleResolver/1959.17/160552
- Identifier
- vital:12201
- Identifier
-
https://doi.org/10.1108/SAMPJ-12-2015-0111
- Identifier
- ISBN:2040-8021
- Abstract
- Purpose: This paper is a review of KPMG’s true value methodology. It highlights how a positive for the methodology is its advance of a systemic perspective, with the challenge being its furthering of an agenda of corporate centricity, where money is the mediator for societal decisions. Design/methodology/approach: This paper draws on existing literature to develop its arguments. Findings: The paper highlights how the true value methodology has merit for furthering a move towards the embrace of a more systemic thinking by business leaders; for example, how organisations are nested in society, not separate from society. However, the methodology is a cause for concern, because, for “true value” (ibid, p. 3) to be identified, albeit the notion of true value is one that stuns with its hubris, there is a need to monetise all exchanges and have corporations make societal well-being decisions based on monetary calculations as opposed to moral or ethical considerations. Thus, the methodology is advancing a corporate centric and narrowly defined perspective on what constitutes societal progress. Research limitations/implications: This paper is a review of the methodology with some critique and implications for management, leadership and culture discussed. Practical implications: The arguments presented highlight how the methodology furthers a particular perspective, and thus it should, like all tools, be used with an understanding of its limitations. Social implications: A key social implication brought forward in the paper is a corporate-centric perspective on societal progress. This corporate-centric perspective ensures that although a more systemic perspective is taken, society is viewed as a little more than a servant of the corporation. Originality/value: In drawing on existing literature, the originality lies in the combination of arguments brought together to realise the central claims. © 2016, © Emerald Group Publishing Limited.
- Publisher
- Emerald Group Publishing Ltd.
- Relation
- Sustainability Accounting, Management and Policy Journal Vol. 7, no. 4 (2016), p. 531-538
- Rights
- Copyright © 2016 Emerald Group Publishing Limited.
- Rights
- This metadata is freely available under a CCO license
- Subject
- 14 Economics; 15 Commerce, Management, Tourism and Services; 16 Studies In Human Society; Corporate centric; Economic rationality; Integrated reporting; Sustainable development; True value methodology
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