{"id":12077,"date":"2009-09-16T17:45:17","date_gmt":"2009-09-16T16:45:17","guid":{"rendered":"http:\/\/timoelliott.com\/blog\/2009\/09\/one-kpi-is-never-enough-to-manage-a-country.html"},"modified":"2009-09-16T17:45:17","modified_gmt":"2009-09-16T16:45:17","slug":"one-kpi-is-never-enough-to-manage-a-country","status":"publish","type":"post","link":"https:\/\/timoelliott.com\/blog\/2009\/09\/one-kpi-is-never-enough-to-manage-a-country.html","title":{"rendered":"One KPI Is Never Enough to Manage\u2026 A Country?"},"content":{"rendered":"<p><a href=\"http:\/\/www.nytimes.com\/2009\/09\/15\/business\/global\/15gdp.html\" target=\"_blank\">This article<\/a> in the International Herald Tribune (slowly becoming the \u201cglobal edition of the New York Times\u201d) gives an overview of why gross domestic product (GDP) is an inadequate measure of a country\u2019s success.<\/p>\n<p>There are some interesting parallels with corporate KPIs and the use of profit as an indicator of corporate success:<\/p>\n<blockquote><p>\u201cThe panel, chaired by two Nobel economists, Joseph E. Stiglitz of Columbia University and Amartya Sen of Harvard University, concluded that G.D.P. was insufficient and that measures of sustainability and human well-being should be included.\u201d<\/p>\n<p>\u201cThere isn\u2019t a single indicator that can encompass everything,\u201d said Enrico Giovannini, the chairman of the Italian national statistics agency, Istat. \u201cIt\u2019s not a question of replacing G.D.P. It\u2019s a question of complementing it with other indicators that can provide other measures of well-being.\u201d<\/p><\/blockquote>\n<blockquote><p>\u201cWhat we measure affects what we do; and if our measurements are flawed, decisions may be distorted,\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>BI Brief: A single KPI isn&#8217;t good enough to measure company success. Should we be using profits to measure corporate success?<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[20],"tags":[160,198,674],"class_list":["post-12077","post","type-post","status-publish","format-standard","hentry","category-bi-briefs","tag-bi","tag-business-analytics","tag-kpis"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3X9RF-38N","_links":{"self":[{"href":"https:\/\/timoelliott.com\/blog\/wp-json\/wp\/v2\/posts\/12077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timoelliott.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timoelliott.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timoelliott.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/timoelliott.com\/blog\/wp-json\/wp\/v2\/comments?post=12077"}],"version-history":[{"count":0,"href":"https:\/\/timoelliott.com\/blog\/wp-json\/wp\/v2\/posts\/12077\/revisions"}],"wp:attachment":[{"href":"https:\/\/timoelliott.com\/blog\/wp-json\/wp\/v2\/media?parent=12077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timoelliott.com\/blog\/wp-json\/wp\/v2\/categories?post=12077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timoelliott.com\/blog\/wp-json\/wp\/v2\/tags?post=12077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}