Journal: Steve Denning–Change Accounting to Create Jobs

03 Economy, 11 Society
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Steve Denning

Steve Denning, former Chief Knowledge Officer (CKO) at the World Bank, tried to teach  them that they were a knowledge bank, not a money bank.  It did not stick but others are listening to him and so do we.

Building on an earlier posting that was copied here, Journal: 21st Century Management–New Rules

, today he addresses why cost accounting is killing jobs (labor used to be a variable and very expensive cost to be driven down), why a new form of accounting, throughput accounting, is needed, and why “bad profit” is a negative not a positive–an argument similar to what those who advocate not counting prisons and hospitals as “productive.”

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