The world is moving away from GNP / GDP Growth because it is dysfunctional.
As Robert F. Kennedy said...
Gross National
Product counts air pollution and cigarette advertising, and ambulances
to clear our highways of carnage. The gross national product does not
allow for the health of our children, the quality of their education, or
the joy of their play. It does not include the beauty of our poetry or
the strength of our marriages; the intelligence of our public debate or
the integrity of our public officials. It measures neither our wit nor
our courage; neither our wisdom nor our learning; neither our compassion
nor our devotion to our country; it measures everything, in short,
except that which makes life worthwhile.
Jersey has already made a move to sustainable wellbeing is a more holistic concept and uses different tools to measure how well society is doing across the key areas. [See link Government Performance Measures]
THE PERFORMANCE FRAMEWORK ALLOWS US TO SEE HOW JERSEY IS PROGRESSING
All children in Jersey live healthy lives https://app.resultsscorecard.com/Scorecard/Embed/64689
All children in Jersey learn and achieve https://app.resultsscorecard.com/Scorecard/Embed/64766
All children in Jersey grow up safely https://app.resultsscorecard.com/Scorecard/Embed/64767
All children in Jersey are valued and involved https://app.resultsscorecard.com/Scorecard/Embed/64675
Islanders benefit from healthy lifestyles https://app.resultsscorecard.com/Scorecard/Embed/64769
Islanders are protected against social and environmental health hazards https://app.resultsscorecard.com/Scorecard/Embed/64770
Islanders can access high quality, effective health services https://app.resultsscorecard.com/Scorecard/Embed/64771
Islanders with long-term health conditions enjoy a good quality of life https://app.resultsscorecard.com/Scorecard/Embed/64772
Mental health and wellbeing are fundamental to quality of life in Jersey https://app.resultsscorecard.com/Scorecard/Embed/64773
Islanders are safe and protected at home, work and in public https://app.resultsscorecard.com/Scorecard/Embed/64775
Islanders enjoy living in a vibrant and inclusive community https://app.resultsscorecard.com/Scorecard/Embed/64774
Islanders engage in the public decisions that affect their Island https://app.resultsscorecard.com/Scorecard/Embed/64787
Islanders are able to afford a decent standard of living https://app.resultsscorecard.com/Scorecard/Embed/64783
Islanders benefit from a strong, sustainable economy and rewarding job opportunities https://app.resultsscorecard.com/Scorecard/Embed/64782
St Helier is an attractive town to live in, work in and visit https://app.resultsscorecard.com/Scorecard/Embed/64780
Islanders live in secure, quality homes that they can afford https://app.resultsscorecard.com/Scorecard/Embed/64778
Jersey benefits from a safe, sustainable transport system https://app.resultsscorecard.com/Scorecard/Embed/64779
Jersey's unique natural environment is protected and conserved for future generations https://app.resultsscorecard.com/Scorecard/Embed/64776
Jersey's natural resources are managed and used responsibly https://app.resultsscorecard.com/Scorecard/Embed/64777
THERE ARE PROBLEMS
The move to sustainable wellbeing is to be applauded and there are good links with OECD Sustainable Development Goals SDGs and current economic thinking based around Doughnut Economics. However there are problems.
WHAT - What clear tasks or actions need to be done to improve these targets?
Take for example % of Islanders scoring their level of anxiety as high (27% in 2019) and unknown for 2020. Is that 25% being suicidal and 2% being mildly upset? What actions are being taken to address this and what is the target outcome 10% or 0%.
WHO - Who is responsible for the success or failure of the tasks or actions and the eventual outcome?
Using the example above, is this the role of government, charities, schools, businesses or community? What tools, training, funding, legislation, grants, subsidies are available to encourage, coerce or mandate the necessary actions of those who are accountable, responsible, consulted or informed?
HOW - How will we measure progress and success?
The Performance Measures above appear to be updated annually, is that enough for us to plan, do, review, improve? Would more frequent update allow us to measure the success of different initiatives and see what works and what does not. Fast, regular feedback generally helps learning and performance. How do we evaluate value-for-money or speed of delivery on initiatives by government, charities, schools, businesses or community?
WHEN - When will we achieve the outcome?
What is the right balance between quick-wins and long-term gains. Is success measures along-side annual budgets and strategy or political tenure?
A NEW PERSPECTIVE
I used to think about Economics as being about trade, products, production, and profit. I used to think the role of government was to provide the services that commercial business cannot and use tariffs, taxes, regulation, subsidies and grants to encourage business and community to act in a way that best serves the Island rather than the individual.
I have changed my mind. Books like What Money Can't Buy: The Moral Limits of Markets Kindle Edition by Michael J. Sandel, and Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist by Kate Raworth have persuaded me that the purpose of Economy is to deliver Community Goals.
This is a much more active role than policing by tariffs, taxes, regulation mentioned above, and it more about engagement. It is less about PESTLE and SWOT analysis and more about the following...
Care
Compassion
Competence
Communication
Courage
Commitment
So that brings us back to sustainable wellbeing and Government Performance Measures.
A GOAL WITHOUT A PLAN IS JUST A WISH
A goal without a plan is just a wish…and daydreams alone seldom produce results. The challenge for government, charities, schools, businesses and community must surely be to understand, agree, and align efforts and to address the WHAT, WHO, HOW, WHEN questions above.
Maybe this is where we need to revert to the more mechanical approach Management by objectives (MBO) using the following
OKRs - Objectives and Key Results
CSFs - Critical Success Factors
KPIs - Key Performance Indicators
SMARTER Objectives
S >pecific (simple, sensible, significant).
M >easurable (meaningful, motivating).
A >chievable (agreed, attainable).
R >elevant (reasonable, realistic and resourced, results-based).
T >ime bound (time-based, time limited, time/cost limited, timely, time-sensitive).
E >valuated.
R >eviewed.
I am always interested in different perspective and experiences and welcome suggestions for blogs, books, and videos.
TimHJRogers
Helping people and organisations get things done
Adapt Consulting Company
Consult CoCreate Deliver
@AdaptCCompany +447797762051
REFERENCES
GovernmentPerformanceMeasures
https://www.gov.je/Government/PlanningPerformance/GovernmentPerformance/Pages/GovernmentPerformanceMeasures.aspx
OECD Sustainable Development Goals
https://www.cisl.cam.ac.uk/about/rewiring-the-economy/rewiring-the-economy-model
Doughnut Economics
https://www.kateraworth.com/doughnut/
PESTLE and SWOT
https://www.unicef.org/knowledge-exchange/files/SWOT_and_PESTEL_production.pdf
OKRs - Objectives and Key Results
https://www.perdoo.com/the-ultimate-okr-guide/
CSFs - Critical Success Factors
https://www.mindtools.com/pages/article/newLDR_80.htm
KPIs - Key Performance Indicators
https://kpilibrary.com/topics/lagging-and-leading-indicators
SEE ALSO
Rethinking Our Economy Post Covid-19
https://timhjrogers.blogspot.com/2020/07/rethinking-our-economy-post-covid-19.html
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