Recently came across this excellent summary of the DLMA framework by Managing Director of Better Boards Australasia, Raph Goldworthy. For those new to DLMA, Grant Thornton UK sums it up this way: It is a simple yet powerful tool which provides a framework with which to evaluate how well an orga

“he DID say anus?” murmured someone to my right. Admittedly, it’s not a word typically associated with corporate governance. But, on a pleasant October day overlooking London’s Finsbury Circus, the theory proposed by my fellow Australian Grahan Logan, that all that was going on in the city ow

If there’s a reality that defies economic sense it’s this: if profits are soaring, stock markets are hitting records and global GDP has doubled in the last two decades why is it that, social welfare and genuine sustainability, when measured by the accessibility and availability of objectively useful

As markets approach what I have described as a market crisis, the scenario in which the forces of supply and demand not only fail to reproduce the conditions necessary for human existence, but actively undermine them, the following quote is worth repeating: it is a peculiar fact that the literatu

In 2001 Professor George Ackerlof received a Nobel Prize in Economic Science for “The Market for Lemons,” in which he explores asymmetric information.  Asymmetric information is a type of market failure that occurs when a buyer has less or inferior information when compared to the seller.

2026 marks the 250th anniversary of The Wealth of Nations and Adam Smith’s water-diamond paradox.   Considered among the most foundational puzzles in economics, no theory of value can pass into history without offering up a solution.

In a transquil meadow, roaming amongst the nymphs of the forest, was a herd of horses. Second only to those that pulled that pulled Apollo’s chariot accross the sky, they spent their time eating the finest grass then running, jumping and doing a great many useful things that horses do.

BA question I ask myself is why, after more than a decade of work, the board-management matrix is unpopular. It’s simple enough. Maybe too simple. A familiar 2 x 2 matrix designed to visualise the work of any board and management team based on two opposing decision criteria - value creation an

Mademoiselle X was dead, or so she thought. According to her medical records she was convinced that “she has no brain, no nerves, no chest, no stomach, no intestines… only skin and bones of a decomposing body”. Her neurologist diagnosed “délire des…

Oct 2, 2019Towards a New Science of the Corporation Aug 24, 2019Statement on the Purpose of a Corporation: Better but not Excellent Feb 9, 2018Social Purpose without Social Responsibility : Rethinking the Corporation May 11, 2017Revisiting the…

The essence of usefulness is change. Without useful things, change is something that tends to be experienced negatively rather than being positively made. A useful thing produces good change. It's called value in use and can be represented by phi Φ.…

When it comes to usefulness, economics has a supply problem. Things with with the greatest value in use are in short supply and things with the greatest value in exchange are not. The economic style of reasoning that underpins contemporary capitalism…

“the problem of value must always hold the pivotal position, as the chief tool of analysis in any pure theory that works with a rational schema” Schumpeter When theory of value, understood in terms of exchange, was first conceived the planet was…

INVESTIGATING VALUE IN USE, SCIENCE AND CORPORATE LAW SINCE 2012

In this part, with the help of Thanos, the evil villain of the Marvel universe, I consider the opposite of value in use - counter-value. Counter - value is the core premise of Avengers: Infinity War. At the end of the movie, while wearing the…

In this part of the series, I want to return to the concept of the prime mover or principia media introduced in part 10. As it has been some time since I’ve provided an update on my work, I’ll first try and summarize where I’m up to in the Millennia…

There are only two dimensions to my matrix- value and control. But there’s no magic quadrant. Just four organizational mindsets that don’t always play nice. The latest evolution puts value in use at the core of the matrix. The technology was never…

In 1944, Erwin Schrödinger, the founders of quantum mechanic famously said “life feeds on negative entropy”. Negative entropy was in his words “ a measure of order.” “just as a living organism attract a string of negative entropy to offset the…

So far I have connected the concept of change to energy in it’s social form - value in use, recognized that potential value in use is stored in various forms of capital and described how capitals are transformed to animate open social systems such as…

So far in the Millennia Challenge Series, the focus has been on the foundational concepts of value in use, the capitals and the ways in which capitals are transformed to generate more or less value in use. The next parts in this series, will…