PURPOSE ... The Purpose of MDIA (140517)

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PURPOSE is a first step in understanding what an initiative is trying to do. This short presentation describes what MDIA (multi dimension impact accounting) is designed to do. Note that MDIA considers the purpose of economic activity to be to sustain and improve quality of life and standard of living for PEOPLE. The organization is a subsidiary component, albeit important.

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PURPOSE ... The Purpose of MDIA (140517)

  1. 1. 01:32 PM peterbnyc@gmail.com www.truevaluemetrics.org MULTI DIMENSION IMPACT ACCOUNTING (MDIA) PURPOSE The PURPOSE of MDIA the reason for which something is done or created or for which something exists @truevaluemetric
  2. 2. 01:32 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The purpose of MDIA is to be a system of metrics for EVERYTHING … not just the metrics for business profit, stock prices and GDP growth! The PURPOSE of MDIA C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Pres-B-Purpose-of-MDIA-140517.odp
  3. 3. 01:32 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) The purpose of MDIA is to be a system of metrics for EVERYTHING … not just the metrics for business profit, stock prices and GDP growth! The metrics for everything must be as rigorous for people and planet (environment) as conventional accounting and corporate management information systems are for profit performance. The PURPOSE of MDIA C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Pres-B-Purpose-of-MDIA-140517.odp
  4. 4. 01:32 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) You manage what you measure C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Pres-B-Purpose-of-MDIA-140517.odp The PURPOSE of MDIA
  5. 5. 01:32 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) You manage what you measure When you change the way the game is scored, You change the way the game is played. The PURPOSE of MDIA C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Pres-B-Purpose-of-MDIA-140517.odp
  6. 6. 01:32 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) You manage what you measure When you change the way the game is scored, You change the way the game is played. The PURPOSE of MDIA C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Pres-B-Purpose-of-MDIA-140517.odp
  7. 7. 01:32 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) You manage what you measure When you change the way the game is scored, you change the way the game is played. Consider the case of basketball. There is a simple, rigorous way of keeping score to know who wins. The coach plans the game before the game starts. Each play the coach reviews how it went. Feedback … the coach changes the play to get the best possible result in the next play. Doing this … a good coach wins the game. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Pres-B-Purpose-of-MDIA-140517.odp The PURPOSE of MDIA
  8. 8. 01:32 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) You manage what you measure When you change the way the game is scored, you change the way the game is played. Consider the case of basketball. There is a simple, rigorous way of keeping score to know who wins. The coach plans the game before the game starts. Each play the coach reviews how it went. Feedback … the coach changes the play to get the best possible result in the next play. Doing this … a good coach wins the game. Every sport has sophisticated metrics ... C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Pres-B-Purpose-of-MDIA-140517.odp The PURPOSE of MDIA
  9. 9. 01:32 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) You manage what you measure When you change the way the game is scored, you change the way the game is played. Consider the case of basketball. There is a simple, rigorous way of keeping score to know who wins. The coach plans the game before the game starts. Each play the coach reviews how it went. Feedback … the coach changes the play to get the best possible result in the next play. Doing this … a good coach wins the game. Every sport has sophisticated metrics … But in the game of life … the only metrics are wrong metrics! C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Pres-B-Purpose-of-MDIA-140517.odp The PURPOSE of MDIA
  10. 10. 01:32 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) MDIA is a new system of metrics that: ● Does measurement for everything that is Important; ● Recognizes that society and the economy are complex; ● Provides data to give incentive to behavior change that is important; and ● Makes accountability the norm. C:TVMwebsiteWebsiteTrueValueMetricsOrgTVM-papersMDIA-DiagramsMDIA-Pres-B-Purpose-of-MDIA-140517.odp The PURPOSE of MDIA
  11. 11. 01:32 PM MULTI DIMENSION IMPACT ACCOUNTING (MDIA) May 2014 QUESTIONS? FEEDBACK? peterbnyc@gmail.com www.truevaluemetrics.org @truevaluemetric

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