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  • A review of “A New Vision of Value” – old wine, new bottle

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    BarterPUB3953.pdf (230.9Kb)
    Author(s)
    Barter, Nick
    Griffith University Author(s)
    Barter, Nick J.
    Year published
    2016
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    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, ...
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    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.
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    Journal Title
    Sustainability Accounting, Management and Policy Journal
    Volume
    7
    Issue
    4
    DOI
    https://doi.org/10.1108/SAMPJ-12-2015-0111
    Copyright Statement
    © 2016 Emerald. This is the author-manuscript version of this paper. Reproduced in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
    Subject
    Commerce, Management, Tourism and Services not elsewhere classified
    Economics
    Commerce, Management, Tourism and Services
    Studies in Human Society
    Sustainable development
    Integrated reporting
    Economic rationality
    Corporate centric
    True value methodology
    Publication URI
    http://hdl.handle.net/10072/143672
    Collection
    • Journal articles

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