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UPDATE
TodayOUR STAKEHOLDERSWHY XBRL TODAY?MAKING OUR MISSION EXPLICITTHREE GOALS FOR 2014
Who are our key stakeholders?
ANALYSTS
THE ENTERPRISE
REGULATORS
Who are our key stakeholders?
ANALYSTS
THE ENTERPRISE
✗
✗
REGULATORS✓
We are…• An active, determined, global coalition of people focused on making performance, financial, compliance and regulatory reporting better for our communities.
• Our global community is diverse.• But we need to focus on our key stakeholders: our regulators.
TodayOUR STAKEHOLDERSWHY XBRL TODAY?MAKING OUR MISSION EXPLICITTHREE GOALS FOR 2014
Key usp#1
Key usp#2
CLEAR DEFINITIONS BUILT INTO TAXONOMIES
CLEAR DEFINITIONS BUILT INTO TAXONOMIES
PUBLIC BUSINESS RULES BUILT
INTO TAXONOMIES
PUBLIC BUSINESS RULES BUILT
INTO TAXONOMIES++
EXTENSIBILITYEXTENSIBILITY
+
Key usp#3
Xbrl ≠ xml!XBRL ≠ EXCEL!
✗ ✓
Conceptual model
OBLIGATIONS MODEL FOR REGULATION(CRD IV/SOL
II)
OBLIGATIONS MODEL FOR REGULATION(CRD IV/SOL
II)
FORMALLY PROVABLE
BUSINESS RULES(XBRL)
FORMALLY PROVABLE
BUSINESS RULES(XBRL)
ABSTRACTION METHOD (DPM)ABSTRACTION METHOD (DPM)
BUT NOTE!
Asymmetric benefit
Key USP: Testable & ProvableSustained growth
Funding Conundrum
TodayOUR STAKEHOLDERSWHY XBRL TODAY?MAKING OUR MISSION EXPLICITTHREE GOALS FOR 2014
NOTHING BETTER!
WHY?
BECAUSE XBRL EXISTS TO:
IMPROVE REPORTING∴ IMPROVE DECISION MAKING
∴ IMPROVE RESOURCE ALLOCATION
IMPROVE RESOURCE ALLOCATION
A PUBLIC GOOD
<>
PUBLICGOOD
<>
PUBLICGOOD
PUBLIC GOOD
PUBLIC GOOD
TodayOUR STAKEHOLDERSWHY XBRL TODAY?MAKING OUR MISSION EXPLICITTHREE GOALS FOR 2014
Three initiatives
• ENHANCE AND ENERGIZE OUR SPECIFICATIONS WORK
• RECAST OUR COMMUNICATIONS AND BRAND
• DEVELOP PLANS FOR FUTURE BUSINESS MODEL
specs
• We need new energy and new focus on our Specs.
• We need to be able to clearly communicate our goals and the pathway to them.
• We need to focus on quality and outcomes.
• We need the community to work together.
specs
• We need new energy and new focus on our Specs.
• We need to be able to clearly communicate our goals and the pathway to them.
• We need to focus on quality and outcomes.
• We need the community to work together.
REQUIREMENTS BASED
CLOSER TO STAKEHOLDERS
communications• XII’s purpose and brand are misunderstood. Make the implied, explicit.
• We need:– Clear messaging.– Supportive, educational materials filled with real examples.
– Data-backed not Hype or Hope.– (And a vastly better website. ahem)
New business model
•Two key questions: – Funding– Community
•Stay tuned!
QUESTIONS?
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