CorporateMOM ~ I 4.0 Operation COURAGE – Corporate & Universities – Revitalizing – Advanced – Global – Economy
CorporateMOM ~ I 4.0 Operation COURAGE – Corporate & Universities – Revitalizing – Advanced – Global – Economy
1. Corporate citizenship a GDP–GNH connect can get an entry.
2.1. My work on Intellectual Value Capital is unique.
2.2 I am on a Mission Possible drive
2.3 Let me quote Allan Savory:
2.4 CorporateMOM – elaborates with a case study on Volkswagen. If Universities cannot debate this case study who else would? Gen Z is deprived of knowledge of corporate misbehavior. Free thinking is lost, for Universities.
2.5 Societal changes: I found some interesting factors with regard to Denmark. Also, I appreciate Copenhagen Business School.
2.6 Denmark should look into this.
2.7 In a world ruled by finance, intangible assets rather than real assets are the indicator of real wealth, is it?
2.8 What’s the solution?
2.9 I 4.0 is for Advanced Global Economy, and is not for the asking, as Universities have to emphasize recording Societal Changes.
3 Corporate -Mission Possible
3.1 In reality, Gen Z is the reverse mentor for corporate stuck with the Ego System. Realign your ERP 2030 to all quantitative and qualitative elements of management.
3.2 And take a look at Initiative Climate Bonds Certification.
3.3 So USD270bn has been certified and two plus trillion euros climate bonds are issued and waiting to be certified.
3.4 Again and again I reiterate the VW case study is a must for business schools for Gen Z to learn, for between the cup and the lip how 11 million vehicles escaped diesel emission standards by implanting a cheat software.
3.5 1. Intangible Asset IAS 38 be scrapped and 2. establish FEC [Fiscal-Ethical-Coresponsibility] Report as a mandatory instrument by each company proactively.
3.6 The quality of a substance cannot be separated from it, nor the work associated with it. An intangible Asset is not a substance of quality.
Social changes the world over are real challenges. CorporateMOM is the most valuable catalyst for collaboration between universities and corporate. Management is simple and Mission Operation COURAGE is possible.
Welcome to AGE – Advanced Global Economy with CorporateMOM Project ELITE – Education, Learning, Implementation, Training, and Track Societal Changes.
We are on the cusp of the fourth industrial revolution I 4.0 consisting of 1. Advanced Digital Technology and 2. Recording Societal Changes – with the emergent property of Advanced Global Economy. Recording Societal changes is what is crucial to know what changes we could perceive in an otherwise static day-to-day routine of life and of course, death. Whether our perception is true or false is not a subjective matter. It is dependent on the quality of the object perceived. Let us have a look at the generational transformation from one era to another.
The Pew Research Center periodically updates the age ranges it uses to define the generational groups, and that includes the Silent Generation:
The Silent Generation: Born 1928-1945 (78-95 years old)
Baby Boomers: Born 1946-1964 (59-77 years old)
Gen X: Born 1965-1980 (43-58 years old)
Millennials: Born 1981-1996 (27-42 years old)
Gen Z: Born 1997-2012 (11-26 years old)
Gen Alpha: Born early 2010s-2025 (0-about 10 years old)
Quite funny indeed, I am part of the silent generation. So was Socrates, so was Galileo when they tried to change the then prevailing Ego System. Time for the silent generation to be not so silent. Time for the GenZ to take note because the cusp is dependent on this group.
Since the days of Ashoka in 300 BC, there is not a single century that could be termed as a civilizational era, anywhere in the world. It is so because social values have not been addressed at all. Corporate citizenship, therefore, is at the cusp of the modern-cum-corporate civilization, where a GDP–GNH connect can get an entry. Not just economic but happiness index as well. This is where GenZ is at the point of inflection.
The Silent Generation went through the I 2.0 The Second Industrial Revolution, no remorse for Hiroshima and Nagasaki or Nazi death camps. Ashoka was saddened by the aftermath of violence in the war that author and historian H.G Wells said, “Amidst the tens of thousands of names of monarchs that crowd the columns of history … the name of Ashoka shines, and shines almost alone, a star.” That’s our tradition creating a silent generation life after life. GenX and Millenials are already in line to be promoted. Baby Boomers are the happiest lot, as they would get promoted to the silent generation category before long. They are almost there. The big question is what we have to do with these Gen Z guys, girls and boys. In fact, Gen Z is the category we are talking of girls for once, otherwise it is Boys only Club all the way. That’s what CorporateMOM has brought us all to look into.
1. The Universities
The Universities, business schools we shall focus on are manned by baby boomers. I shall describe a personal note. Prof. Leif Edvinsson liked my post: “CorporateMOM decodes Indian Statistical Ego-system Establishing a Dynamic GDP – GNH Database Systems”. My work on Intellectual Value Capital is unique. Continuing his comments he also made a comment “Very interesting VW chart. Miss the deepening on IA & IPR”. I replied to Prof. Leif Edvinsson thus: ”IA – Intangible Asset if you mean has no role to play in my framework. IPR, Policies, and Strategy Plans are all under Management Quality.”
Thanks to Prof. Leif Edvinsson who is the Professor emeritus at the University of Lund in Sweden, I had a good number of professors from Greater Stockholm Metropolitan Area and Lund University evincing interest in my article. Surely because of Prof. Leif. He went on to add: We might form an exploration team with Markus Will and many more.
But I am on a Mission Possible drive for Operation COURAGE – Corporate – Universities > – Revitalizing – Advanced – Global – Economy.
Getting out from the comments column I wrote a separate post:
I thank you for referring to:
Intangible Asset Gap in Global Competitiveness
Eskil Ullberg • Leif Edvinsson • Carol Yeh-Yun Lin
“I am the advocate for scrapping IAS 38 Intangible Assets and re-instate IAS 9 Accounting for Research and Development Activities. where IPRs are fully protected. IAS 38 Intangible Assets is the singular instrument that has destroyed the world economy, ably supported by the Audit firms who could not see the wheat from the chaff. “ THE calls for more individuals from different fields.
This has seen the end of further comments from Prof. Edvinsson public and private, but I do hope he continues the discussion based on my work on Intellectual value capital, which conforms to the science of laws of physics, quantum physics, and metaphysics.
1.1 What category Universities would fit in? Silent Generation?
Let me quote Allan Savory: Quote: People talk glittery about science, what’s science. People coming out of the university, with a master’s degree or a Ph.D., you take them into the field, they literally don’t believe anything, unless it’s a peer-reviewed paper, that’s the only thing they accept, and you say to them.. Let’s observe, let’s think, let’s discuss, they don’t do it. Only when it’s a peer-reviewed paper or not, that’s their view of science, I think it’s pathetic.
Gone into universities as bright young people, and they come out of it brain-dead! Not even knowing what science means. They think it’s peer-reviewed papers etc. No, that is academia. If a paper is peer-reviewed it means everybody thought the same therefore they approved it.
The unintended consequence is when new knowledge emerges, new scientific insights, they can never ever be peer-reviewed. So we’re blocking new advances in science, that are big advances. If you look at the breakthrough in science, almost always they don’t come from the center of that profession. They come from the fringe, the finest candlemakers in the world, couldn’t even think of electric lights. They don’t come from within, they often come from outside of the bricks. We’re going to kill ourselves because of that stupidity. UQ
What Allan Savory says is about Gen Z, not about the professors. Universities have to look into the change that is needed to save Gen Z from the same morass of previous generations have undergone.
1.2 My book CorporateMOM – Sustainability of Corporate Stability elaborates with a case study on Volkswagen. If Universities cannot debate this case study who else would? Gen Z is deprived of knowledge of corporate misbehavior. Do the universities teach students on subject matter or do they prepare them for placement in companies? Possibly they can outsource the function to HR Agencies, maybe from their own alumni. This dangerous trend is set in all the universities. Free thinking is lost, for Universities.
1.3 Societal changes: In a post from Medicon Village “We congratulate Denmark for securing the top position as the leading innovator in Europe, with Sweden closely following at number two in the 2023 edition of the European Innovation Scoreboard and the bi-yearly edition of the Regional Innovation Scoreboard.” I raised the question What makes Denmark better?, for which Prof. Leif Edvinsson gave me a crisp reply – Societal entrepreneurship.
Further on this topic I replied: Q: While writing CorporateMOM decodes M&A Ego-System https://bit.ly/44gK1CG I found some interesting factors with regard to Denmark. [The Intellectual Value Capital of some selected companies on M&A.]
Denmark has the largest amount of pension assets relative to GDP when considering the whole-funded private pension system (more than twice the size of GDP). [Pension-Funds-in-Figures-2020.pdf] [OECD – Pension fund assets rose to USD 32 trillion in 2019 ]
After a strong performance in 2021, assets earmarked for retirement fell in 2022 in most OECD countries. Altogether, these plans held USD 48.1 trillion of assets at end-2022, 15.6% less than a year before. The decline in pension assets was widespread and visible in 32 out of 38 OECD countries. As a result of these declines, there was no OECD country where pension assets exceeded twice the GDP at end-2022, unlike at end-2021 when Denmark (233%), Iceland (219%), and the Netherlands (213%) did. [OECD PRELIMINARY 2022 DATA – JUNE 2023 PMF_2023_Preliminary_2022_Data]
Denmark should look into this. UQ
IMO: 1. To me Denmark seems vulnerable to the stock market valuation of scrips Denmark invests. Possibly there is no other go. However, the crux of my article on the M&A Ego System is to quote: “Pension funds were mostly invested in equities and bonds at the end of 2019. Pension funds held more than 75% of their portfolios in equities and bonds in 16 out of 36 reporting OECD countries and in 17 out of 28 other reporting jurisdictions.” That’s a high dependency on corporate profits.
Denmark as well as any other country is to keenly watch the profits generated by companies and their dividend yield that would decide the fate of the management of pension funds. Growth is important wherein lies the sustainability of corporate stability. One cannot afford an Silicon Valley Bank or Credit Suisse one too often.
Then we have to carefully look at the European Innovation Scoreboard vis-a-vis the returns. That’s where IA the Intangible Asset comes into the picture. For example, the millennium merger of AOL takeover of Time Warner is a case in point, creating a $335 billion company, proving that in a world ruled by finance, intangible assets rather than real assets are the indicator of real wealth. The initial pumping of oxygen making Unicorns in the name of innovation resulted in OECD $46.1 trillion Pension Funds at a lower rate of 15.6% than the previous year. It is a huge setback. Real assets are what is crucial for Balance Sheet purposes, not Intangible Assets. Companies inflate the valuation as in the case of AOL and have to come back for writing off year by year. If the expected revenue does not match we are left with an SVB?
IMO: What’s the solution?
For the same post, I found Copenhagen Business School has also dropped in. Going through their website I found it interesting to note the emphasis on Societal changes. It states: “CBS is a globally recognized business school with deep roots in the Nordic socio-economic model. Our faculty has a broad focus on societal challenges, and we have earned a reputation for high-quality disciplinary and interdisciplinary research and education.” CBS is looking into the societal changes and hopefully, Gen Z is focused on.
I have elaborated on the same in my book CorporateMOM – Sustainability of Corporate Stability. Please go through it for societal challenges, that are in plenty as to how to meet these challenges.
I find Universities – Business Schools have a lot more teachings that would make Corporate useful citizens for an Advanced Global Economy. I must confess at this point Universities are more of a Silent Generation than with a vibrant Gen Z attitude. The late cosmologist Carl Sagan says we make our world significant by the courage of our questions and the depth of our answers. Rests with Gen Z, for you are left alone to care for yourself.
I 4.0 is for Advanced Global Economy, and is not for the asking, as Universities have to emphasize recording Societal Changes. CorporateMOM deals with it effectively by bringing in SDG Goal#5 Gender Equality as the pivotal instrument that shall exemplify societal entrepreneurship. I am interested in Copenhagen Business School Model to exchange ideas. No wonder Denmark is at the forefront as our learned Prof. Henrik-Hogh-Olesen hails from that place. Societal challenges must be posed to Gen Z irrespective of which area they specialize in – Art, Science, or literature. I don’t appreciate social entrepreneurship as something innovative business venture separate from other existing businesses. Check CorporateMOM how Women Empowerment is brought into the VW case study.
2.0 Corporate -Mission Possible
Corporate is a case of missing the forest for a tree. Recently big companies have laid off hundreds of employees. I keep wondering when we look at an organization’s FEC [Fiscal-Ethical-Co-responsibility] framework we see a company’s operating system only 6% of operations are measured leaving behind 94% unattended to. FEC Report is enabled by SOS [Subject – Object – Self] Governance Standards CorporateMOM provides you with. I have clearly mentioned in the FEC Framework – deploy women empowerment and man the 94% qualitative elements of management.
Secondly, realign your ERP projecting to 2030 all the elements of management, quantitative and qualitative elements of management on a CAGR – CDGR and CARR-CDRR system of tracking the operating system. 94% of the operating system needs as many men and women as demanded to complete the FEC Report. When 94% of jobs are to be carried out and without attending to it ASAP you are sacking the employees! Corporate handle only object governance. Corporate is of crazy guys picked from Gen X upwards looking for retirements.
Focusing on Gen Z Corporate shall discuss with the universities how they can teach the students to graduate in societal challenges the graduates can fit in easily to companies. In reality, Gen Z is the reverse mentor for companies stuck with the Ego System.
Illustratively take a look at Initiative Climate Bonds Certification – CLIMATE BONDS STANDARD: Globally recognised, Paris-aligned Certification of Debt Instruments, Entities, and Assets using robust, science-based methodologies Updated April 2023 Version 4.0. It states: Entities that have ambitious Climate Mitigation Performance Targets that are aligned with the Climate Bonds Sector Criteria at the time of Certification, or that will align by 2030, and that meet the requirements for Transition Plan and disclosure, as defined in this Standard.
And take a look at Sector Criteria that are currently eligible for Certification.
I also had a look at the speech delivered by Marshall Mermell, Circular Mining and Mine Remediation with Biochar who states: “Today’s, wastes will become the raw materials that abate climate change and damage and are financed through European Union climate bonds. Since March 2020, there have been over two plus trillion euros in climate bonds issued in this endeavor. Now, of course, other elements have interfered, like the war in Ukraine and other political events, but it’s still in process.”
When you look at the Climate Bond Certification Standard: “Launched in 2012, the Standard was initially designed as a mechanism to support confidence in the climate change action credentials of green bonds and other debt instruments and to provide a tool to allow quick investment decision making. Climate Bonds have Certified over USD270bn of Use of Proceeds Green Bonds since the launch of the Certification Scheme.” So USD270bn has been certified and two plus trillion euros climate bonds are issued and waiting to be certified. “Climate Mitigation Performance Targets that are aligned with the Climate Bonds Sector Criteria at the time of Certification, or that will align by 2030” is a long shot in the transition to a green economy.
Important points to be noted are 1. Climate Bond Certification is Object-oriented – certification of the environmental credentials of specific projects, assets, or activities, following the Climate Bonds sector-specific criteria. Sector Criteria that are currently eligible for Certification is again a long list. 2. Subject Governance is what men and women within an organization conduct themselves relative to the tasks assigned. In case of the VW case study from my book, it elaborates on 5 priorities as set by Matthias Müller:
Priority #1: Customer Satisfaction
Priority #2: Uncover the truth and learn from it
Priority #3: Change in Organization Structure:
Priority #4: Establishing Corporate Culture
Priority #5: Strategy 2025.
This I have elaborated why it is essential for every company to arrive at the frameworl FEC Framework. Considering the long period of the Transition to a Green Economy, 2030 for corporate, 2040 for critical metals, some countries 2050, 2060, 2070 what is needed is to establish SOS Governance in each and every company and FEC Report must be mandatory. Again and again I reiterate the VW case study is a must for business schools for Gen Z to learn, for between the cup and the lip how 11 million vehicles escaped diesel emission standards by implanting a cheat software.
Let me also quote from my book: “Corrado and Hulten (2010) estimate that in 2007, by omitting investments in intangibles, $4.1 trillion was excluded from published national accounts data in the U.S.”
1. Intangible Asset IAS 38 be scrapped and 2. establish FEC Report as a mandatory instrument by each company proactively.
The quality of a substance cannot be separated from it(the substance), nor the work associated with it. Intangible Asset is not a subtance of quality. FEC Report is the measure of work associated with a subtance of quality.
If Universities and Corporate come together to teach Gen Z who can be the reverse mentor for Gen X to Silent Generation categories, then, only then we can think of RGE – Revitalizing Global Economy, aligning to the Eco System.
Management is simple and Mission Operation COURAGE is possible.
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