CorporateMOM Corporate Life Cycle Seeing through the prism of Yaqui Way of Knowledge
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It was quite nice to watch Prof. Ashwath Damodaran, The Stern School of Business, speaking on an interesting subject “Corporate Life Cycle – Growing Up Is Hard To Do”.
I could instantly connect Prof. Aswath to Carlos Castaneda’s The Teachings of Don Juan: A Yaqui Way of Knowledge.
Prof. Ashwath takes you from the start-up stage to young growth to high growth to Mature Growth to Mature stable to a stage of decline for corporate. Whereas Don Juan teaches how a man has to set an operational goal, as Carlos Castaneda the research scholar apprenticing under the great Mexican Red Indian, how to understand that operative order, one has to understand its objective: man of knowledge.
CorporateMOM looks at Prof. Ashwath’s Corporate Life Cycle vis-a-vis the current ecosystem prevalent in companies. Note the difference, for Prof. Ashwath Object is the constant whereas for Don Juan the Subject is the constant. It’s an interesting contrast that defies the conclusions drawn by Prof. Ashwath, as CorporateMOM offers how to restructure organizations and rebuild companies in decline.
This is my Podcast Episode #50. I am happy every one of them has come out very nicely. Thanks to the hundreds of viewers from all over the world.
CorporateMOM Resolves the equation (AI+HI) = Generative AI With a case study on IBM
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CorporateMOM Resolves the equation (AI+HI) = Generative AI With a case study on IBM
In response to the LinkedIn NEWSLETTER “AI in Action from IBM” I present here my analytical report on “Keeping up with generative AI” a video presentation by Kate Soule from IBM Research. I find this subject matter quite timely and interesting on the subject of Generative AI.
Kate talks about AI Academy. Why foundation models are a Paradigm shift for AI Chapter 1 – Introduction to generative AI models, Chapter 2 – Getting started with generative AI, and Chapter 3 – The platform approach for model management.
A summary of her talk, with the help of an AI, I present here:
1. large unlabeled datasets, 2. build expertise in Generative AI, 3. Update models regularly, 4. Leverage a robust AI platform with governance tools, 5. While complex, Generative AI will help businesses innovate.
And how CorporateMOM looks at the several points raised therein specifically on Generative AI and what CorporateMOM offers in return.
CorporateMOM concludes:
1. Leverage AI Platform: Generative AI – MeRIT Governance Framework
Your database is full, due to Traditional AI – Artificial Intelligence: Your Knowledge Base is Empty, which means you need HI – Human intelligence: Traditional AI + HI gets you Generative AI. Check Generative AI – MeRIT Governance Framework as given herein.
Traditional AI helps Financial Leverage and Operating Leverage that are static. Whereas Generative AI helps you with SOS Governance Leverage which is dynamic.
2. CorporateMOM brings in the Ecosystem from Nature, with everlasting Metrics and Benchmarks for Corporate Management Operations.
Generative AI can ignite ecosystem innovation by tapping into the collective brainpower of all organizations quickly and easily. [IBM-IBV]
What CorporateMOM suggests for Generative AI is to ignite the Ego-system of companies to reach the ecosystem set by Nature. Generative AI will continue to be a reactive machine but transform as IBM-IBV says “Generative AI is unlike any technology that has come before.”, by collaborating with HI.
I liked this study of IBM Research as well as that of Accenture. Generative AI will rule the roost in Corporate Management Operating Systems. Individual companies shall use it in their intranet and develop collectively as IBM states collective brainpower to trigger a national grid of governance. Thanks to CorporateMOM, thanks to Generative AI.
CorporateMOM – AI Copiloting ABC of SOS Governance – AI application for Auditing, Banking, Certified Corporate Governance – RFP
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Video:
AI is THE WORD today. Rishi Sunak, Elon Musk, Google, and Microsoft & all are talking about THE WORD. No escape. THE WORD is that it is going to make redundant millions of people now employed in all and sundry jobs, particularly the AI telemarketing robots. Welcome. How good I feel to talk to a robot. No point in my getting angry.
The next in line are the Accountants and Auditors as Frey, and Osborne, predicted in 2013 with a probability of 0.94, only next to Telemarketers at 0.99.
What do I do? Do I welcome it as I have done with the Telemarketers?
In this presentation AI application for Auditing, Banking, Corporate Governance – Certified, I am discussing the same, whether Accountants and Auditors be done away with.
I conclude, that it is not AI that is triggering the collapse of the auditors but the harakiri of the auditors themselves. In this presentation, I reiterate Auditors are the only homogenous group focusing on Ethical responsibility and no other. AI is not governed by any Statutory Body whereas Auditors are. Auditors shall take note of it. It is imperative for the growth of the global economy Auditors report on the governance of a company. Let us find out whether AI [Artificial Intelligence] or HI [Human Intelligence] succeeds.
Let us strengthen the hands of the Auditors who certify SOS Governance Standards.
CorporateMOM – ABC of VC Funding – Troika of Entanglement – Auditors, Bankers, Companies.
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CorporateMOM – ABC of VC Funding – Troika of Entanglement – Auditors, Bankers, Companies.
Another interesting and useful analytics from CorporateMOM is now on VC Funding. I am looking at length, some of the unicorns that have gone sour. But the troika of entanglement engages one to know not to consider a company in isolation. A mere P&L and Balance Sheet alone has no meaning.
Entanglement: An entangled system is defined as say, the constituents are not individual particles but are an inseparable whole. In entanglement, one constituent cannot be fully described without considering the other(s). Troika of entanglement explains how qualitative elements of management that are part of inseparable all-inclusive elements, affect corporate stability. It’s like Superman’s ability is affected by Kryptonite.
Poor guys these unicorns. You pump them with a lot of money, with no governance and accountability, and make them splurge in gay abandon. The end result is the stalling of development in startups becoming a major force to be reckoned with, for the Indian Economy.
Auditors in this VC Funding scenario take the lead but are limited to a few. This is because VC Funding relates to a number of foreign LPs. VCs are the intermediaries between the startups and the LPs. An LP (an individual or an entity) is the money behind a VC or private equity fund. Currently, Governance lapses, and irregularities prompt LPs to drive changes in startup investments. Prompted by these reported instances of mismanagement and lack of oversight, LPs are driving changes in their relationships with VCs who recommend and manage their investment funds. Allegations of governance lapses or financial irregularities have surfaced at startups such as Byjus, GoMechaninc, BharatPe, Trell, Zilingo, Mojocare, Phablecare, and 4B Networks.
CorporateMOM looks at the maze of entanglement and offers insight into the governance lapses in all three players. Governance lapses or financial irregularities mean the existing Ego-System of ABC must get aligned with the Eco-System Nature provides. Time to change, a drastic change in the funding process. Surely it will shake all three players. Take a look.
CorporateMOM Travelogue – Locates THE ENERGY FORCE – For SOS Governance Due Diligence
CorporateMOM – SOS Governance Road to Readiness
CorporateMOM SOS Governance Road to Readiness
Project MeRIT Measure, Record, Implement, Track
1. IBCM Technology is a capability Model. 2. Establish Strategy Plan 2030 in a profound manner. 3. Measure all quantitative as well as qualitative elements of management. 4. Record current status 5. Implement Strategy Plan 2030 and Track Performance – Proceed from Current Status to Target 2030 – on a Daily Basis 6. With everlasting Metrics and Benchmarks join the certification scheme on the go. 7. Find out the amazing capability of your workforce – Measure Men Equity and Women’s Equity.
Takeaways
1. SOS Governance Due Diligence – Make it a habit. 2. Don’t wait for a mandatory ESG Governance notification for your company, be prepared. 3. Don’t wait for the funding process due diligence, be ready. 4. Don’t pay a big price for a vendor DD, DIY. 5. Pulsating energy force – converts the n-dimensional problems to n-problems of one dimension. 6. Make it simple.
The process has begun for a company with n-dimensional problems. [Show me a company without one?] Get in touch for your company.
CorporateMOM Travelogue – Locates THE ENERGY FORCE – For SOS Governance Due Diligence
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CorporateMOM Travelogue – Locates THE ENERGY FORCE – For SOS Governance Due Diligence
Myself with my wife and children visited Tirukkadaiyur on 2nd October 2023 to celebrate my 80th Star birthday. Grand celebration by several families. The reigning Temple priest of the day invited us near the Sanctum Sanctorum. Gave us two garlands that my wife and I exchanged three times. It was a pleasant surprise with divine blessings.
It was a nice outing. My observation and learning I share with you.
1. Intangible, 2, Sustainability, 3. THE Energy Force.
How it helps service providers prepare a better Vendor DD, how Investor – Investee companies get a fair review of funding processes, and how ESG Governance Assurance is ensured. Lessons I learned during this trip I found very absorbing. Please have a look, at companies in any area of expertise.
CorporateMOM ~ KPMG ESG Maturity Report – Road to Readiness Recommends SOS Governance Due Diligence – Forward Thinking
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I quote KPMG Report on ESG Assurance – CCPs – Critical Control Points
KPMG surveyed senior executives and board members with ESG reporting and assurance knowledge at 750 companies across industries, and global regions, with a mean revenue of US$15.6B.
66% of respondents say their firms must now report ESG data or will be required to soon.
Only 25% of companies feel they have the ESG policies, skills, and systems in place to be ready for ESG assurance.
65% of leaders see digital tools as key to being ready to obtain ESG assurance.
58% Of those least ready for ESG assurance, say it is challenging to balance ESG assurance goals with the profit expectations of shareholders.
Only 27% of companies have robust policies and procedures to support the development of their ESG disclosures.
Only 26% of companies have a clear audit trail to support their non-financial information.
CorporateMOM looks into the KPMG Report and analyses on two factors:
1. A case study on Investor/Investee companies, and 2. Why CorporateMOM recommends SOS Governance Due Diligence is a necessity in Forward-thinking.
KPMG looks at the Readiness of companies to the demands of ESG Governance. KPMG Report is of great quality. Adding value to it CorporateMOM finds it a pleasure.
CorporateMOM ~ SOS Governance Standards – A certification scheme for FEC [fiscal – ethical – coresponsibility] report – A Commercial proposal:
Video Rumble:
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#CorporateMoM,
CorporateMOM ~ SOS Governance Standards – A certification scheme for FEC [Fiscal – Ethical – Co-responsibility] report – A Commercial proposal:
1. Further to CorporateMOM ~ AI RAGE [Revitalizing – Advanced – Global – Economy] – there have been a few inquiries. One from a Big 4 firm, via my associate, asking for a commercial proposal. My response and my commercial proposal, are now on.
2. I give herein briefly what and how CorporateMOM is of benefit to companies.
3. Emergent Property Phenomenon – Principles that lead companies to.
4. My commercial proposal includes my suggestions:
4.1 Internal Consultants: I suggest all companies and banking, Chartered Accountants, and Company Secretaries in practice as well as in job, create internal consultants. I encourage startups too. Internal consultants shall assist companies in preparing an FEC Report – Fiscal, Ethical, Coresponsibility Report – in their own workplace and to companies they act as professionals/consultants.
4.2 My proposal: 4.2.1 I shall assist the internal consultants with Project ELITE – Education, Learning, Implementation, Training, and Execution.
4.3 CorporateMOM FEC [fiscal – ethical – coresponsibility] report- Certification Scheme: 4.3.1. SOS Governance Standards enables the preparation of FEC [fiscal – ethical – coresponsibility] report. IBCM will primarily take responsibility for the FEC Certification Scheme. 4.3.2. The intention is to create certified SOS Governance personnel who are capable of certifying FEC Reports within an organization or client companies.
4.4 Job vacancies: 4.4.1. I would like the internal consultants to know that there are 200 process blocks in an organization, quantitative and qualitative. Only 12 process blocks are quantitative and the rest 188 are qualitative which are not measured. CorporateMOM enables measuring qualitative elements of management. That’s about 94% of the jobs in an organization are vacant. Fill the vacancies with the internal consultants.
5. Commercial Proposal: There are two CCPs – Critical Control Points – 1. Project ELITE and 2. Certification Scheme. 5.1. We are living on a DIY Planet. Companies should develop Project ELITE as a DIY.
CorporateMOM ~ AI RAGE [Revitalizing – Advanced – Global – Economy]
A Sustainability Report My findings: My proposal
#CorporateMoM,
It looks like AI RAGE is on. CorporateMOM ~ AI RAGE is the outcome of My Findings and consequently My Proposal on Operation COURAGE – Progress Report. COURAGE is Corporate & Universities – Revitalizing – Advanced – Global – Economy. Universities are the springboard for the future of the Global Economy. I peeped into one of the universities and what I found was truly remarkable. Almost all universities strive to create a platform for the Genzers to get into corporate offices and I have started with the leading light of the World.
What I stated in Operation COURAGE was that an advanced Global Economy warrants a modern-cum-corporate civilization. I look at the Universities and companies as to how they are collaborating with each other for this purpose. I had an opportunity to look into a University as well as companies dealing in AI.
Here are my findings and my proposal on how to take AI on RAGE – Revitalizing Advanced Global Economy.
Interaction with the university was good. I could talk to the Vice Chancellor who directed the Dean of the Business School to look into CorporateMOM. The Business School initiated “Artificial Intelligence and Frontier Technologies for Sustainable Business Transformation”. AI experts I could look at from a distant place in a webinar organized by the Business School was indeed noteworthy. AI is spreading its influence but as one of the AI exponents stated: “If you ask a data scientist, they’ll tell you how much percentage of their time is, spent towards cleaning the data massaging, because final services form, is are well known to have lots of unstructured data and to make any meaningful insight out of these unstructured data.” CorporateMOM deals with this statement squarely.
Here are My findings and My proposal on how CorporateMOM takes AI on RAGE – Revitalizing Advanced Global Economy.
While AI looks into 1 4.0 Advanced Digital Technology CorporateMOM recommends I 4.0’s mirror image of recording societal changes. Combined AI and CorporateMOM can sail easily into establishing an Advanced Global Economy.
CorporateMOM ~ AI will march forward for the goodness of humankind.
CorporateMOM ~ I 4.0 Operation COURAGE – Corporate & Universities – Revitalizing – Advanced – Global – Economy
#CorporateMoM,
CorporateMOM ~ I 4.0 Operation COURAGE – Corporate & Universities – Revitalizing – Advanced – Global – Economy
Excerpts
1. Corporate citizenship a GDP–GNH connect can get an entry. 2. Universities: 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: Prof. Edvinsson 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.
