If our systems don’t support the outcomes we want, why don’t we change them? Accounting is one of those systems, says Ashoka E2 Member James C. Rhee. Often, accounting standards drive undesirable business outcomes and behavior, which are then justified by “that’s how the system works.” But, as James argues, unlike physics, “accounting is made up” and therefore bendable – at least for internal purposes. So why don’t we? For more insights on how we can build better systems, businesses, and lives, check out James’ recent bestseller: www.redhelicopter.com or watch his full interview with Ashoka’s Njideka U. Harry here: https://lnkd.in/gzjriv8g To learn more about Ashoka’s E2 Network of impact-driven business entrepreneurs, visit https://e2.ashoka.org #leadership #redhelicopter #accounting #EveryOneAChangemaker #entrepreneur
systems thinking allows for bending many things, rather than breaking everything... 🚁 red helicopter - a parable for our times....
Yikes. You do not really want to hear my thoughts about this, believe me.
Well said!
James C. Rhee thanks for these insightful words and for your engagement with Ashoka. Couldn't agree more that we need more integrated measurements and new accounting frameworks. Valuation metrics is one of the major areas of an organization that guides decisions, often maximizing profit over social good. Ashoka's Changemaker Companies team has been thinking about decision-making architecture, including the role of measurements. More here: https://www.theceomagazine.com/business/management-leadership/implement-sustainability-at-scale/ Always happy to hear your thoughts!