CorporateMOM
Corporate Management Orbiter Mission.
Podcast Episode 155 How to set right failing Global Economy
How to. set right failing Global Economy.mp3
Podcast Episode 155 How to set right failing Global Economy
Youtube
Podcast Episode 155 How to set right failing Global Economy
The global economy runs on a failing operating system. How to correct it?
The global economy runs on a failing operating system. It processes numbers perfectly but crashes when accounting for the invisible strain of human behavior. That operating system is traditional financial accounting. Current standards analyze value through a strictly quantitative lens, tracking transactions after they happen while ignoring the human capital driving them. Ignoring intangible assets creates a massive economic blind spot, called dark value.
By measuring the financial exhaust of a business while ignoring its human engine, the global economy continues to bleed trillions of dollars in unmeasured value. This blind spot affects the highest levels of regulation. Major institutions, such as the Reserve Bank of India, are forced to build economic policies based on this incomplete and reactive data. Without a framework to measure internal human conduct, Regulatory watchdogs like SEBI are left waiting for disasters to occur before they can intervene.
Neglecting these areas makes corporate ethics a public relations checklist rather than a real, enforceable standard. Fixing this accounting bug requires a new framework: Inactivity-Based Cost Management, or IBCM. IBCM functions as an ethical OS, shifting management from a backward-looking review to a proactive model called substantiated governance. This proactive model, substantiated governance, is crucial in measuring why Automation is mistaken for wisdom.
Jayaraman Rajah Iyer
Author, Chartered Accountant,
Architect Quantum Governance Framework, IBCM Ethical OS@ficci_india, @FollowCII, and @ASSOCHAM4India to turn intellectual value into societal progress.
#ViksitDelhi, #QuantumGovernance, #EthicalOS, #NitiAayog, #Innovation, #SovereignFund, #FutureOfGovernance, #Industry 5.0,
icai, icsi, icmai, nfsu, #corporateatomicstructure, #accountability, #metrics, #emc^2, #benchmarking, #roti, #corporateculture, #ai, #dst, #r&d, #rdi, #innovation, #ai, #hi, #nitiaayog, #cii
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