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Meaningful Metrics for a Smart Society
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Date: 2019-12-10 Page is: DBtxt001.php list0300-Maximizing-profit-1

Definitions for TrueValueMetrics
Maximizing Profit

Maximizing profit is only part of the process that is needed. The amount of money that gets spent and the amount of good that gets done seems to be more and more unrelated.

Five decades or more of teaching MBA students about ways to maximize profit without teaching much about society has created a very large community of experts in profit maximization and hardly anyone that has a deep understanding of the social costs and value destruction associated with this economic paradigm.

The problem, however, is worse, because the relief and development industry has many people well trained in various other disciplines, but with rather little training in this aspect of economics ... and even less trained in accountancy.



The text being discussed is available at

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TrueValueMetrics (TVM) is an Open Source / Open Knowledge initiative. It has been funded by family and friends plus donations from well wishers who understand the importance of accountability and getting the management metrics right. TVM is a 'big idea' that has the potential to be a game changer leveling the playing field so the wealth and power is shared on a more reasonable basis between people who work for a living and those that own the economy and the levers of power. In order to be effective, it cannot be funded in the conventional way with a for profit business plan, but absolutely must remain an open access initiative.
WE WANT TO MAINTAIN AN OPEN KNOWLEDGE MODEL
A MODEST DONATION WILL HELP MAKE THAT HAPPEN


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