PURPOSE is a good way to frame metrics. From the perspective of MDIA, the purpose of economic activity is to sustain and improve quality of life for people. This is explained in this short series of slides. Tag

1. 09:26 PM
peterbnyc@gmail.com
www.truevaluemetrics.org
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The PURPOSE of ECONOMIC ACTIVITY
@truevaluemetric
PURPOSEthe reason for which something is done
or created or for which something exists

2. 09:26 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
But in the game of life … the state of people
and the planet … there are very poor metrics
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Pres-B-Purpose-of-Economic-Activity-140517.odp
The PURPOSE of MDIA

3. 09:26 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
But in the game of life … the state of people
and the planet … there are very poor metrics
Metrics have to be:

Easy to understand;

Quick to produce;

Low cost;

Believable;

Relevant;

And the list goes on ...
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Pres-B-Purpose-of-Economic-Activity-140517.odp
The PURPOSE of MDIA

4. 09:26 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The PURPOSE of economic activity is to sustain
and improve quality of life and standard of living.
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Pres-B-Purpose-of-Economic-Activity-140517.odp
The PURPOSE of Economic Activity

5. 09:26 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The PURPOSE of economic activity is to sustain
and improve quality of life and standard of living.
People are at the center … organizations are
only a means to this end.
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Pres-B-Purpose-of-Economic-Activity-140517.odp
The PURPOSE of Economic Activity

6. 09:26 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The PURPOSE of economic activity is to sustain
and improve quality of life and standard of living.
People are at the center … organizations are
only a means to this end.
High performance economic activity delivers
progress for people with the lowest possible stress
on the resources of the planet and damage to the
environment and natural ecosystems.
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Pres-B-Purpose-of-Economic-Activity-140517.odp
The PURPOSE of Economic Activity

7. 09:26 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The purpose of economic activity is to sustain
and improve quality of life and standard of living.
People are at the center … organizations are
only a means to this end.
High performance economic activity delivers
progress for people with the lowest possible stress
on the resources of the planet and damage to the
environment and natural ecosystems.
This is not what has been taught at prestigious
business schools for the past 50 years.
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Pres-B-Purpose-of-Economic-Activity-140517.odp
The PURPOSE of Economic Activity

8. 09:26 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The core mission of the MBA education is
is to get prepared to manage an organization
so that it makes the most profit.
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Pres-B-Purpose-of-Economic-Activity-140517.odp
The PURPOSE of Economic Activity

9. 09:26 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The core mission of the MBA education is
is to get prepared to manage an organization
so that it makes the most profit.
More and more this has incorporated tools
for financial engineering that is so much
simpler than real engineering.
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Pres-B-Purpose-of-Economic-Activity-140517.odp
The PURPOSE of Economic Activity

10. 09:26 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
The core mission of the MBA education is
is to get prepared to manage an organization
so that it makes the most profit.
More and more this has incorporated tools
for financial engineering that is so much
simpler than real engineering.
And so much less valuable for society!
C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Pres-B-Purpose-of-Economic-Activity-140517.odp
The PURPOSE of Economic Activity

11. 09:26 PM
MULTI DIMENSION IMPACT ACCOUNTING (MDIA)
May 2014
QUESTIONS? FEEDBACK?
peterbnyc@gmail.com
www.truevaluemetrics.org
@truevaluemetric