Part 2 of Meadow’s banger ‘Indicators and Information Systems for Sustainable Development’. Extracts: · “Indicators are partial reflections of reality, based on uncertain and imperfect models” · “The stock market price is not the value of the company. No indicator is the real system. Indicators are abstractions from systems” · And are “are abstractions from abstractions, from models,… Continue reading “Indicators are partial reflections of reality, based on uncertain and imperfect models” – Part 2 Donella Meadows sustainable indicators
Tag: performance indicators
“Measuring what’s measurable rather than what’s important” – Better indicators part 1: Donella Meadows
A banger report from the late, great Donella Meadows, talking about sustainable indicators. WAY too much to cover, so extracts over 3-4 separate posts. Today is background on indicators before the specific and meatier stuff. Extracts: (** Part 2 in comments **) · “We have many words for indicator— sign, symptom, omen, signal, tip, clue, grade,… Continue reading “Measuring what’s measurable rather than what’s important” – Better indicators part 1: Donella Meadows
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