The ides of March has gone, Get ready to:
Kickstart Budgeting 2024-25, 2030-31, 2047-48 Now, Now, Now.
CorporateMOM
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Podcast Episode 59
The ides of March has gone, Get ready to:
Kickstart Budgeting 2024-25, 2030-31, 2047-48 Now, Now, Now.
Budgeting for Roadmap India 2047
CorporateMOM
Beware the ides of March
Kickstart Budgeting 2024-25, 2030-31, 2047-48 Now, Now, Now.
Budgeting for Roadmap India 2047
1. Beware the ides of March: This time of the year, companies frantically try to reach targets set a year earlier. CorporateMOM looks at the futility of our budgeting exercise that truly had stunted our growth. Looking ahead “Kickstart Budgeting 2024-25, 2030-31, 2047-48 Now, Now, Now”, is what CorporateMOM calls for a complete change in the Annual Budgeting we do.
2. Roadmap India 2047: Prime Minister Modi has set a target of $5 trillion and $20 trillion GDP in the next two decades for India to reach the heights of a developed economy among the comity of nations. Budgeting exercise is a tame affair. That’s what CorporateMOM cautions, Beware the ides of March. Having set a GDP Target of $20 trillion by 2047 if companies follow the same Annual Budgeting exercise then we would all be hitting the 15 of March of 2048 the same way. Companies must change their methodologies.
3. Budgeting for Roadmap India 2047: Budgeting for 2047 Now, Now, Now is different from what we have been doing for the last 6 decades. Sector-wise GDP in India [2022-23] Agriculture, Industry, and Services are analyzed and projected to 2030-31 figure to match $5 trillion GDP. If India’s 2030, and 2047 GDP figures are to be achieved safely then every entity in all the three sectors referred needs to participate fully.
4. Budgeting for Creative Process and Action Process: Areas that are critical for India’s target of 2047 are analyzed as the Creative Process and the Action Process. As an example, Global Production of selected Energy Transition Metals 2021-40, scaling up from $4.9 trillion in 2018 to $13 trillion in 2040, and at the same time Fossil Fuels dependency is reduced from $70 trillion to $19 trillion in the same period. This is huge. Two important formulae I deal with in my CREAM Report-analytics, are 1. CAGR to CDGR and 2. CARR to CDRR [RR being Reduction Rate and D Daily Rate] which are applied for all three sectors to move forward with a Budgeting System of Daily Growth Rate, like playing an ODI in Cricket. Set the targets for 2030, and 2047 and keep tracking by each Entity, everyday.
5. Country Ratings: Corporate Ratings are by the two processes – Creative and Action. There are no separate ratings for a company but performance ratings of individuals add up to company ratings. Similarly, Country ratings are arrived at by the performance ratings of each entity.
Links are given to Deriving Everlasting Corporate Metrics & Benchmarks, ERP is passé, Embrace EPP- Effort per Person would assist companies to align with the Roadmap India 2047.
So Beware the ides of March, date companies must change, change, change the current ex-post-facto analytics of adverse variances. EPP Effort Per Person will bring in the energy force to the set targets, be it critical metals or 3-nanometer chip.
Be prepared.
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