In Corporate history we often see the role played by Devil‘s Advocate and seldom we come across the use of Angel’s Advocate. The essence of Economics lies in risk taking without which bartering system would be in use even today. Risk taking is very essential to business where entrepreneurship is an expression of freedom. Freedom when exercised with full force, business enterprise enters into strategic moves with ambition. That’s when Devil’s Advocate plays the part as a sounding board to ensure that the ambitious strategy of the Donigers goes unrestricted. Ambition keeps pace with Freedom.Continue reading “Angel’s Advocate Measuring National Grid of Governance”
My comment to JP’s blog on Nation on Wrong Track [http://southwerk.wordpress.com/2010/12/14/nation-on-wrong-track/#comments] is reproduced for the benefit of Recovery Indonesia @GoRECOVERY:
Yes all nations are in the wrong track. Quote from my book:”When the priority is already set, the hungry man accepts the inevitability of the human race which is non-reacting, non-acting, non-responding, inert-like entity. Continue reading “Go Agriculture”
Given below is the extract from IASB on Hedge Accounting inviting comments on the Exposure Draft before the same is released as a Standard. It is a good opportunity, possibly the last, to look at the corrective steps needed in this field that has played havoc to the detriment of World and US Economy. Please download the given Exposure Draft and please send your comments directly.
Extract from the book: Inactivity Based Cost management: Measurement of Intangible: Governance, Ethical & Fiscal Responsibility and Acountability
Where does Governance exist? The interesting quote of Robert Doniger, [from Timeline by Michael Crichton], I’m not interested in the future; I’m interested in the future of the future, possibly has a clue. To-day was the future of yesterday and tomorrow is the future of to-day as well the future of the future of yesterday. Effectively what Doniger says is that he dwells in the past all the time the fascinating historical events and ever interested in tomorrow, a dreamer and a maverick he is, that he ignores ‘to-day’ completely. Working like a beaver, he takes his scientists and cultural experts to the past making them stuck in the ruins of history and the genius that he is, promises a great future of the future making the people of to-day to sit in awe and wonder till they realize the future ever remains a distant dream. A solar view of the planet displays the monumental towers everywhere, promises that are not kept. These towers represent a cost already incurred that cannot be recovered. Donigers do not think that it is necessary for them to be concerned about to-day and not at all obliged to inform or discuss the cost consequence of their action, where to-day represents the effect of decisions of yesterday for all to see with utter helplessness.Continue reading “Where does Governance exist?”
Dana Milbank writes in today’s Washington Post, Abolish the party committees, [http://t.co/p6b3qin] “The committees are behind the dehumanizing of lawmakers, causing the two parties to view each other not as colleagues but as targets. Through the party committees, Democratic lawmakers work to recruit, raise money and campaign for challengers to their Republican colleagues – and vice versa. The committees, more than any other single factor, have replaced legislating with endless skirmishing.”Continue reading “Government for the People”
IBCM defines Ethical Responsibility and Fiscal Responsibility. Ethical Responsibility could not have been defined but for the Role Models who appeared on this planet. An extract from the book on the occasion of the forthcoming Thanksgiving Day:
There are four categories of people. 1. People of wisdom; 2. People pursuing knowledge; 3. People pursuing wealth and 4. People in distress. Humanity is a substance and people of wisdom represent the quality aspect of the substance holding the mandate of ethical responsibility. Continue reading “Role Model – Thanksgiving”
Protons, anti-protons, electrons, positrons etc. are the terms of the scientific community and one shall trust them as one has from Newton to Darwin to Einstein and leave those terms without affecting the day-to-day life of a common man. Business management too have those extra-ordinary terms to prove a point, such as Pearson Correlation and beta transformation to justify the bribery or perception index. The Governance has the framework of Government of the people, by the people, for the people as the constitution, words coined in its simplicity by a simple and honest man, but used by all without any article of faith. The objective of the search of intangible is to decipher and buttonhole the role of intangible that makes sense and conveys the message to the people in the simplest of the terms.Continue reading “Governance = Resolving Paradox”
