IBCM Technology

My letter to PM: Economic Revival Measures – Stimulus Package – Cost of Inaction

If India has to succeed in implementing the stimulus package it will be based on measuring the ethical assets we create. In my book I describe Knowledge is the goal of ethics. I explain the same as below:Continue reading “My letter to PM: Economic Revival Measures – Stimulus Package – Cost of Inaction”

How to hasten India’s economic recovery – Caught between NCLT and COVID-19 ?

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Firstly, I present the four-issue areas selected from my Book, Return on Intangible, Measuring Fiscal and Ethical Assets, due for release in June 2020 from the US:

1. DIY kit for Corporate and government,
2. What does Society Teach?
3. A spontaneous urge to action rather than inaction, and
4. the attrition of ethical values.

Then my proposal for India Corporate, under the headings:

1. EPP – efforts per person,
2. Creative Process and Action Process,
3. Strategy Plan 2024,
4. Ratings facilitates consolidation,
5. Prepare a consolidated CREAM Report 2024, and
6. Fix it, fix it comprehensively the WuhanLab Syndrome.

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Subscribe to my Podcasts:
Apple Channel https://apple.co/36HUfzH
Apple Connect: https://lnkd.in/eJEDT7E
Spotify: https://spoti.fi/3qzEAM1
Stitcher: https://lnkd.in/eAUS9-E
Google Play: https://bit.ly/3vZ6ulT
Reason: https://reason.fm/podcast/cream-ratings

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CREAMCHAIN – The dawn of the Data Management Dynamics

Here I have posted a different post – CREAMCHAIN – The dawn of the Data Management Dynamics. It’s a combination of my CREAM Report and Blockchain. Please do have a look at. The last one is a challenge to companies like Google, IBM, Microsoft or SAP. And also to very many techies. If you are ready, I am.

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ONE PAGE REPORT – Reverse Mentoring

In a recent article “Effective leaders develop and promote the culture: Bayer’s K S Harish” I was quite impressed by Bayer’s relentless pursuit of excellence, one for example, “Our accelerated leadership program – My Growth My Life (MGML) – aims at grooming internal talent for leadership positions in the organization.”, and the other Harish talking about is ‘Reverse Mentoring’.

Successful IITs and IIMs make a very small group. We lack that set of men and women with 3 Qualities – Integrity, Intelligence and Energy. Return on Intangible identifies them. The culture we all need but available in plenty. Know it, they are ready for ‘Reverse Mentoring’, no longer hierarchical one man call centre in any company?

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CSR Research and Corporate Sustainability

In our obscurity – in all this vastness – there is no hint that help will come from elsewhere to save us from ourselves. It is up to us. – Carl Sagan

Last week FM Nirmala Sitharaman announced many an incentive to India Corporate, sharp cuts in corporate taxes among many more. It was followed by a CSR incentive to allow corporate India to use their mandatory CSR spending on publicly-funded incubators for R&D.

PM Modi tells investors to ‘come to India’ to aid $5 trillion GDP Goal, offering a 4-D Advantage Model of growth – Democracy, demography, decisiveness, demand.

In this paper I present data of past, strategy plan 2024 and how present be tackled. Corporate India has work in their hands, to compete with China. It is imperative that India gets its share of FDI in course of chasing the dream of $5 trillion economy. It’s hard. CSR way is the right way. Accumulating Ethical Assets is going to be crucial in attracting foreign investment.

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One of the Big – 6 Audit Firms – BDO – Rocks – Way to go

In the context of finding a solution when the Audit Profession is at a low ebb, I see an oasis in a desert. I found Global Review 2017 Your BDO, an interesting document in resolving the issues raised on account of substandard Audits.

BDO seems to be on a good pedestal. The Technology Direction BDO has undertaken goes hand in hand with A&A – Audit and Assurance as well as Technology Advisory. It augurs well for both.

My analysis of BDO is a step ahead to include advancement and mastery over Sustainable Value System. This definitely calls for a different set of approach in structural change in client companies. It is imperative.

Measuring Ethical Assets will be of considerable importance in placing Corporate in the path of growth. Bring Ethical Assets Premium Account in Balance Sheet is the answer for committed Auditors and Corporate alike. Measuring by Corporate Governance is the solution.

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Bring Ethical Assets Premium Account in Balance Sheet – And Eradicate Corporate Corruption. How to?

This is my letter to The Prime Minister of India suggesting how to eradicate Corporate Corruption. I specify the role of the Audit Profession and its need of the hour.

Balance Sheet is bereft of any Ethical Assets that many companies do seriously make use of but are not able to represent the same in the Balance Sheet. Unlike Brand Value dominant in the 1980s that resulted in creating standards for IAS 38 Intangible Assets, today’s use of many standard Policy documents such as UNCAC gets hidden as to be never brought to the forefront of market analysis. It is indeed a surprise why it is not so. By bringing it up in the Balance Sheet companies would find themselves a class of their own. I am suggesting how to do that.

Audit profession has taken a toll and mainly the Big 4 firms. It is a great opportunity for the Audit Profession as a whole to verify the Ethical Assets Premium Account and take a step in enhancing their professional capability.

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Nirmala Seetharaman Stimulus Package – who will spur the growth – Corporate Governance or Management Quality?

Check your premise, Nirmala Seetharaman.

The same institutions, the same corporate juggernauts are the ones we would be hoping to take India to a $5 Trillion Economy? Wishful thinking or shot in the dark? I am questioning the Government as to their wishful thinking because of the untrustworthy buccaneers. Modi 1.0 had ushered in Qualitative Elements in Governance and hoped Modi 2.0 would ensure revenue, profits, and growth. The fault lines are with the corporate and banking not with the government. Modi 2.0 priority ought to make sure questionable practices are out and so is ‘phone banking’? But how?

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Who failed Big 4 Audit Firms, is it Corporate Governance or Management Quality?

In a recent article in The Economic Times, Vinod Mahanta and Sachin Dave ”A slew of systemic and cultural issues that threw top auditors off balance – Each day as clamour grows for strict action against auditors, the profession finds itself at a crossroads.” they discuss threadbare the burning issue of Auditors particularly Big 4 Firms are going through. This article “Who failed Big 4 Audit Firms, is it Corporate Governance or Management Quality?” summarises the opinions of the quoted experts and offers my view point to resolve the issues offering solutions to the n-dimensional problems. Extracts are from my book on Return on Intangible.

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CREAM Report – Digitalising the Process

CREAM REPORT – Database

FPOs/Farmers – Database would be: [2] In the Value Chain
40k Farmers, land holding, sector composition – oilseeds, rice, wheat, pulses, yield etc.
Strategy Plan 2025 – CAGR – Convert CAGR to CDGR [Daily] and Track progress.
Implement Growth and Earnings by CREAM.
Responsibility be with the FPCs [GujPro]
CREAM Report by Individual Farmer.
CAGR gives the Targets and CDGR the Daily Progress.
M in CREAM is Management Quality, a repository of Standards. Identify relevant Certification for each Farmer and apply practicing such standards – Crop Production Systems.

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My letter to PM: Economic Revival Measures – Stimulus Package – Cost of Inaction

Like this:

How to hasten India’s economic recovery – Caught between NCLT and COVID-19 ?

Like this:

CREAMCHAIN – The dawn of the Data Management Dynamics

Like this:

ONE PAGE REPORT – Reverse Mentoring

Like this:

CSR Research and Corporate Sustainability

Like this:

One of the Big – 6 Audit Firms – BDO – Rocks – Way to go

Like this:

Bring Ethical Assets Premium Account in Balance Sheet – And Eradicate Corporate Corruption. How to?

Like this:

Nirmala Seetharaman Stimulus Package – who will spur the growth – Corporate Governance or Management Quality?

Like this:

Who failed Big 4 Audit Firms, is it Corporate Governance or Management Quality?

Like this:

CREAM Report – Digitalising the Process

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