Here I have posted a different post – CREAMCHAIN – The dawn of the Data Management Dynamics. It’s a combination of my CREAM Report and Blockchain. Please do have a look at. The last one is a challenge to companies like Google, IBM, Microsoft or SAP. And also to very many techies. If you are ready, I am.
In a recent article “Effective leaders develop and promote the culture: Bayer’s K S Harish” I was quite impressed by Bayer’s relentless pursuit of excellence, one for example, “Our accelerated leadership program – My Growth My Life (MGML) – aims at grooming internal talent for leadership positions in the organization.”, and the other Harish talking about is ‘Reverse Mentoring’.
Successful IITs and IIMs make a very small group. We lack that set of men and women with 3 Qualities – Integrity, Intelligence and Energy. Return on Intangible identifies them. The culture we all need but available in plenty. Know it, they are ready for ‘Reverse Mentoring’, no longer hierarchical one man call centre in any company?
In our obscurity – in all this vastness – there is no hint that help will come from elsewhere to save us from ourselves. It is up to us. – Carl Sagan
Last week FM Nirmala Sitharaman announced many an incentive to India Corporate, sharp cuts in corporate taxes among many more. It was followed by a CSR incentive to allow corporate India to use their mandatory CSR spending on publicly-funded incubators for R&D.
PM Modi tells investors to ‘come to India’ to aid $5 trillion GDP Goal, offering a 4-D Advantage Model of growth – Democracy, demography, decisiveness, demand.
In this paper I present data of past, strategy plan 2024 and how present be tackled. Corporate India has work in their hands, to compete with China. It is imperative that India gets its share of FDI in course of chasing the dream of $5 trillion economy. It’s hard. CSR way is the right way. Accumulating Ethical Assets is going to be crucial in attracting foreign investment.
In the context of finding a solution when Audit Profession is at a low ebb, I see an oasis in a desert. I found Global Review 2017 Your BDO, an interesting document in resolving the issues raised on account of substandard Audits.
BDO seems to be on a good pedestal. The Technology Direction BDO has undertaken goes hand in hand with A&A – Audit and Assurance as well as Technology Advisory. It augurs well for both.
My analysis of BDO is a step ahead to include advancement and mastery over Sustainable Value System. This definitely calls for a different set of approach in structural change in client companies. It is imperative.
Measuring Ethical Assets will be of considerable importance in placing Corporate in the path of growth. Bring Ethical Assets Premium Account in Balance Sheet is the answer for committed Auditors and Corporate alike. Measuring by Corporate Governance is the solution.
This is my letter to The Prime Minister of India suggesting how to eradicate Corporate Corruption? I specify the role of Audit Profession and its need of the hour.
Balance Sheet is bereft of any Ethical Assets that many companies do seriously make use of but are not able to represent the same in the Balance Sheet. Unlike Brand Value dominant in 1980s that resulted in creating standard for IAS 38 Intangible Asset, today use of many a standard Policy document such as UNCAC gets hidden as to be never brought to the forefront of market analysis. It is indeed a surprise why it is not so. By bringing it up in the Balance Sheet companies would find themselves a class of their own. I am suggesting how to do that?
Audit profession has taken a toll and mainly the Big 4 firms. It is a great opportunity for the Audit Profession as a whole to verify the Ethical Assets Premium Account and take a step in enhancing their professional capability.
CREAM REPORT – Database
FPOs/Farmers – Database would be:  In the Value Chain
40k Farmers, land holding, sector composition – oilseeds, rice, wheat, pulses, yield etc.
Strategy Plan 2025 – CAGR – Convert CAGR to CDGR [Daily] and Track progress.
Implement Growth and Earnings by CREAM.
Responsibility be with the FPCs [GujPro]
CREAM Report by Individual Farmer.
CAGR gives the Targets and CDGR the Daily Progress.
M in CREAM is Management Quality, a repository of Standards. Identify relevant Certification for each Farmer and apply practicing such standards – Crop Production Systems.
ONE PAGE REPORT – INVESTORS
In one side I try educating the Corporate to run their organisations wisely. In a recent post I did ask: Q: 3.If 85% of Quantitative and Qualitative Elements of Management is ignored how do you manage your company? UQ:
This would greatly help companies to ask themselves: What is
crucial to bring the abstractions into reality, acknowledge
value where value is due, and deconstruct what is
valueless. Return on Intangible is the only solution.
At the other end I ask however, Investors where do you stand? They do invest in a big way particularly Foreign firms into India Corporate. This ONE PAGE REPORT – INVESTORS addresses these issues. Are the Investors any wiser? Read with my earlier post ONE PAGE REPORT – CORPORATE, it would make sense to reiterate the main theme of my book exhorting all: CHANGE, CHANGE, CHANGE CORPORATE, CHANGE GOVERNMENT, CHANGE THE DENOMINATOR.