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.
CorporateMOM decodes Indian Statistical Ego-system Establishing a Dynamic GDP – GNH Database Systems
#CorporateMoM, #NSS, #ISI, #Statistics
CorporateMOM decodes Indian Statistical Ego-system Establishing a Dynamic GDP – GNH Database Systems
In response to “Ministry of Statistics and Programme Implementation: Critics from inside and outside” Bibek Debroy, states, “Supporters and critics agree on the urgent need for reform in India’s statistical system. It’s time for The Ministry of Statistics and Programme Implementation [MOSPI] to address concerns with the statistical system seriously. So we shall.”
This presentation CorporateMOM decodes Statistics Ego-system looks into it and the findings are:
[HACCP – Hazard Analysis and Critical Control Points of Stats Ego-System]
1. HACCP of Stats Ego-System 1: – “Fixing a major governance deficit” is the critical control point. 2. HACCP of Stats Ego-System 2: The road map should look into alternative means of data collection toward state and national GDP accumulators. 3. HACCP of Stats Ego-System 3: 1. We make policies in real-time, 2. RBI’s policy formulation is handicapped by frequent revisions to data. 4. HACCP of Stats Ego-System 4: 1. The sampling methodology of our surveys needs alternate options. 2. Governance is a dynamic function, facilitates policies in real-time. 5. HACCP of Stats Ego-System 5: 1. Misreporting the figures happens when there is no data stability. 2. Ministries have no standards to set targets and reach them methodically. 3. Mahalanobis Stats Ego-System had prevailed too long and the damage it has done to planning is immeasurable.
I have addressed these issues and offer a road map to establish a Dynamic GDP – GNH Database Systems. I recommend the current India’s Statistical System be scrapped.
I present here: CorporateMOM decodes M&A Ego-System. Corporate uses the word ecosystem so liberally. They should. The Ecosystem refers to Nature, whereas Ego-System refers to the individuals, and how they run their companies.
In this context, I have chosen $48.1 trillion pension funds assets to set target returns and align the Corporate Ego-System of Investee companies with the Ecosystem, so as to bring sustainability of profits and growths for the funds. In the 2023 study by OECD, Pension Funds stand at $48.1 Trillion as of the end of 2022 which is 15.6% less than the 2021 figures.
What the major funds have to necessarily focus is on the investee companies at the lowest rung of the fund users. I have as an illustration taken up M&A Ego-System. Assuming $ 48.1 Trillion Funds are used by 100k investee companies the top Funding Agency has to measure, the 100k fund users. The Ego-System of every company within 100k has to be measured and brought under SOS [Subject-Object-Self] Governance monitor.
The reason is simple, Invest and make sure you get returns. Although it is the dictum for corporate as a whole, Pension Funds, Sovereign Funds, or PF Funds have a greater responsibility toward making sure the investee companies have the governance standards set and followed. The reality check is abysmal. For example, the Life Insurance Corporation of India (LIC) has 273 listed stocks in its portfolio worth INR 10tn ($133bn). LIC takes a Board position in several companies as they did with IL&FS. The reality check is indeed abysmal. So the Corporate Ego-System prevailing today is abysmal. Pension Funds must check their own premises. To quote from the 2020 OECD Report:
Q: Pension funds invested mainly in equities and bonds 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. Pension funds invested in these instruments directly or indirectly through collective investment schemes (CIS). UQ
I am comparing the Corporate Ego-System today similar to what it was in 1616 when Galileo was imprisoned for correcting the Ego-System prevalent during that time that was pretty topsy-turvy. However, Galileo resolved the subject of the then Ego-System by means of science. Changing the mindsets of people needs scientific evidence.
CorporateMOM approaches the subject in the same manner. Aligning the Corporate Ego-System with the Ecosystem needs scientific reasoning when we argue and derive conclusions from observed data. What is lacking from the investee companies is the critical FEC [Fiscal-Ethical-Co-Responsibility] Report that CorporateMOM recommends. CorporateMOM is what Galileo would have been proud of – the science of Law of Physics, Quantum Physics, and Metaphysics are applied to Corporate Management.
Investee companies of their own are not going to adhere to value systems AFTER the funding is done. So CorporateMOM establishes a MeRIT System where it helps investee companies to create a standard Strategy Plan and by MeRIT – Measure, Record, Implement and Track the operations on a daily basis by converting CAGR to CDGR. The Creative Process of the Strategy Plan is crucial for Action Process. The six stages of Transformation by Investee companies from a Dream state to creating a Substance of Quality called an IPR or Policy Documents or Strategy Plan help investee companies to approach VCs with a robust Plan of Action. Once approved and the funds are made available Investee companies can activate the Action Plan instantly. As described in CAGR to CDGR, CARR to CDRR [Reduction Rate] a daily growth of investee companies would facilitate the investors to track the progress.
Looking at OECD stats I find the collection of data mentioned in their 2023 report as preliminary. What CorporateMOM suggests for investee companies to establish CDGR and CDRR would trigger stats on the go. Meaning governance is dynamic and OECD should look into developing stats on a daily basis.
CorporateMOM – Mission Possible – Mandatory Corporate FEC – [Fiscal-Ethical-Co-Responsibility] Report – My Services
After my post on LinkedIn CorporateMOM and Fund Management wherein I expressed my MISSION POSSIBLE to approach GoI to make FEC (Fiscal-Ethical-co-Responsibilty) Report mandatory, I got a good response and positive thumbs up. I have prepared a video talk as below. Please take a look. Here I am adding to indicate what my charges are, for services that I offer, as inquired by one of my LinkedIn connections.
My Services:
Consequent to my recent posts Mr. Venkatesh Muniyellappa [ linkedin.com/in/venkateshmuniyellappa ] called me over the phone and we had a chat about what services I offer and what would be the charges.
In my CorporateMOM Mission Possible, I made clear what I offer.
1. On a Corporate Level – I shall help companies to establish:
i. As a first step change your organization structure.
ii. Prepare an FEC Report.
Venkatesh was asking what the charges for my services. My response to him was:
1. With CorporateMOM available in book form, a one-day introduction would prepare the managers for DIY. I am keen for many companies to come forward. FEC Report ultimately going to put such companies on a high pedestal of growth. For companies that decide to go in for CorporateMOM principles a monthly retainership would do.
2. For companies like Opal Advisors where Venkatesh is in the driver’s seat as I have indicated in CorporateMOM and Fund Management, the three-tier Investor-Investee relationship be strengthened with an FEC Report. I have given the Volkswagen FEC Framework Report – companies shall prepare similar Reports in their own names. Due diligence of the investee company I shall assist, in preparing the Strategy Plan 2030 by MeRIT – Measure, Record, Implement, and Track. It is the investee company’s responsibility to convince the investors as to how an FEC Report of the investee company assures performance to the investors. It is on a continuous basis.
3. I will also assist companies like OPAL Advisors to prepare an FEC Report so that companies they invest in or do consulting or obtain funds for their own expansion are duly reported. I recommend companies take two articles out of UNCAC – Article 10 Public Reporting and Article 13 – Participation of Society. Article 13 emphasizes the commitment of a company toward society and Article 10 Reporting to the public what the FEC report is looking at in terms of justifying the actions of men and women who have been handling the affairs of the company.
What are my charges? Nothing much. You can write to me if you are interested in preparing an FEC Report for your company, and I shall guide you. If we all can break the current ecosystem that would be good – don’t get stuck with big names MNCs.
4. Universities: Guide the corporate, not the other way round. You are churning out the same MBAs for over 50 years. Should the companies come for placement interviews present your graduates with their in-depth knowledge of CorporateMOM and ready to implement FEC Framework in their companies.
NOTE: IBCM Technology shall assist companies to prepare an FEC Report and establish the CREAM Rating System and would certify it. CREAM is an acronym for Corporate Governance, Risk Management, Earnings, Accounting Quality and Management Quality.
Thanks a lot for your initiative. I am indeed grateful. #AI is important and let us see how this could be well made use of. I collected some info. I have installed Bing: Chat with AI & GPT-4, so I have world library access. I have some genius around me that I can surely check on.
Automation, chatbots, adaptive intelligence, algorithm trading, and ML are all used in financial activities. Several banks already use AI-based systems or software to provide customer service and identify abnormalities and fraud. AI is significantly valuable for the banking industry when it comes to fraud detection.
3. What are the 4 types of AI?
4 main types of artificial intelligence * Reactive machines. Reactive machines are AI systems that have no memory and are task specific, meaning that an input always delivers the same output. … * Limited memory. The next type of AI in its evolution is limited memory. … * Theory of mind. … * Self-awareness. Unquote
1. Artificial Intelligence Examples
One of the missing items is Agriculture. Others can be added – Forestry, Circular Mining, Food Industry. Project FISCAL I had already published consists of FARMER- INDUSTRY – SOCIETY & CONSOLIDATE – AGRI – LEADERSHIP. This is very important for all third-world countries, What #AI can do?
To pick a few:
a. Manufacturing Robots – Product Engineering – Digital Transformation for big industrial units – Steel or Nuclear. b. Healthcare management. Huge no doubt.
2. Major emphasis: Several banks already use AI-based systems or software to provide customer service and identify abnormalities and fraud.
3. 4 main types of artificial intelligence
a. Currently we are in the 1 st stage – reactive machines. Triggered by humans.
b. Limited Memory – Most difficult stage – giving a limited memory of its own. Is a wake-up alarm type but whether it would snooze or not is of its own, is the HACCP- Hazard Analysis and Critical Control Points of AI.
c. Theory of mind. …
When an individual goes to a psychiatrist it is one-to-one. Non-disclosures of the patient happen all the time. The doctor prescribes some medicines and closes the issue. But patient issues go on forever. America, America!
We are dealing with corporate minds. A company like VW has 870k people. In the example given above, Healthcare super-specialty hospitals run on a quota basis – that is, doctors have a quota to fulfill. If one doctor finds nothing when we go for a check-up he will not certify us ok, but would find something not OK to another doctor. By the time we come out of the next who would ask us to go for a CAT Scan? His interpretation is the ultimate. Prescribed drugs rule the roost remotely controlled by Pharma companies.
Secondly “Several banks already use AI-based systems or software to provide customer service and identify abnormalities and fraud.” Identify abnormalities and fraud are going on for decades without any results. Silicon Valley Bank has gone down the drain. Credit Suisse and First Republic are closed but a window opened by UBS and JP Morgan. Recovery rates are abysmal.
The third stage is Theory of Mind.. we are looking at mass psychology not one-to-one. That’s where CorporateMOM has come into the picture. The book CorporateMOM with a case study on VW provides with a Framework for FEC – Fiscal, Ethical-cum-co-responsibility Factors, covering 870k people. How is it delivered by the 4th Stage, see next.
d. Self-awareness. CorporateMOM defines Leadership as – Self-Awareness, Self-Control, and Self-Governance. Please see page 107 of CorporateMOM.
Please see p196 FEC report on Credit Suisse.
CorporateMOM is the ultimate utilizer of AI integrating the good of everything.
If anyone is interested in an AI Research Report from my side I am willing to take it up and provide a report for decision-making. I have access to many things including some good brains on #AI. Consulting assignment can be accomplished and please let me know what I would get in terms consulting fee. I am willing.
I suggest those who are involved please buy the book: CorporateMOM
eBook may be quicker for kickstart. We can resolve many an issue.
Your company may have any number of business segments. Prepare an FEC Report for each one. See Page 196 and prepare an AI Business Segment FEC Report, only for FEC.
This is a review of my book CorporateMOM Sustainability of Corporate Stability. I just received my copies. Going through it I shall give a brief view of how it has come out.
I used Mac Keynote for preparing this self-published book – CorporateMOM. It’s patterned on Gurucharan Das’s one-page report concept. I used 14pt Optima with Subtitles on every page. Content has to be compressed into a few words. There are 225 pages, interspersed with images and illustrations so the readers have a smooth and quick reading, Physics, metaphysics, and quantum physics are applied to deriving a robust management operating control system. Understanding the concepts is made pretty simple with charts supplemented by QR Codes that take you to a dynamic reading. You will never be bored like text after text with Times Roman 10pt.
After my first book, Corporate Citizenship and Sustainability: Measuring Intangible, Fiscal and Ethical Assets, I have learned this lesson to make a book interesting. My first book is purely theory – Physics, metaphysics, and quantum physics. I carried on with Podcast Episodes, 35 of them – dealing with a number of very critical areas in the practice of management.- Accounting Quality Audit firms, Accounting for Climate Change; Analytics of Scope 1, Scope 2, and Scope 3 parameters; IMF Transition to Green Economy – IMF World Economic Outlook Data Analytics., Suggestions on Draft National Policy to the Ministry of MSMEs, Corporate Governance Toolkit, etc. 35 of them that have attracted nearly 300k downloads. I have given them QR Codes that readers can go to any one of them. I have given also the number of countries viewers of podcasts as well as companies who have viewed my posts. Please have a look.
2. Ecosystem on the move. For the first time in history, certain positive signs are coming for a change. One is the opening of the New Parliament by Prime Minister Modi last week. He encouraged all to comment on a silent video adding one’s own. I did. Sengol was installed in the Parliament that I said: Q: Sengol – scepter not to rule but to justify our conduct. Let the New parliament usher in how men and women conduct themselves, not only reporting Fiscal but their conduct Ethical-cum-co-responsibility factors, making it mandatory for Corporate and Government Institutions. UQ
This is what CorporateMOM teaches – SOS Governance – Subject – Object – Self Governance Framework. Corporate is yet in the shadows of East India Company. Third-world countries are realizing it all. To quote Desmond Tutu: “We closed our eyes. When we opened them we had the Bible and they had the land.” Companies that follow SOS Governance principles are going to attract more business than many MNCs. I have included a case study on Volkswagen that is important for all companies to prepare an FEC Report – Fiscal, Ethical-cum-co-repsonsibility report.
3. Universities: Universities are in education. But today a seat in a good college demands a very high price for their parents, at least in India. Investment in a Business School must reflect on the graduates coming out with knowledge. The knowledge of how men and women in corporate conduct themselves. Since many companies including IBM, Apple, EY, and Wipro Foundation have evinced interest in CorporaeMOM, Business Schools would attract big companies at the campus placement. Wipro Foundation takes care of many schools and should popularize CorporateMOM at the school level. Management science is not complicated. Bring it up from the school level.
4. Regulatory Body installed in the Parliament – Sengol: What if the New parliament enacts a mandatory report filing of conduct in Ethical-cum-co-responsibility factors? In fact, it already exists under SEBI guidelines. CorporateMOM would help companies to stabilize and report on how the qualitative elements of management are measured. Are you ready?
CERN states, (a) subatomic matter not only performs an energy dance but also is an energy dance and (b) subatomic matter does not remain static. We shall restrict subatomic matter to protons, neutrons, and electrons for this work, which primarily establishes the connection between corporate and nature.
Corporate must innovate to be vibrant all the time, as Energy is liberated matter; matter is energy, waiting to happen. Waiting to happen is static a nd leads to NPAs. This book I have prepared with dynamic study of texts and illustrations, not static ones. For example, a Corporate Atomic Structure illustration is nothing but what you see as a static picture in your book. I have provided a QR Code that leads you to a 1-minute video on how CorporateMOM works providing a conceptual understanding of the subject matter. Similarly links to Bloomberg GEI page. Readers can have further confirmation or study on the subject with QR Codes by facilitating the reading of the Book: CorporateMOM.
Pictures convey supporting the context that readers would find easy. The book is not verbose text after text. Besides I have followed our management guru Gurucharandas in his 1-page report. Managers are busy bees, so I have structured the entire book by the 1-page report principle, completing the argument within a single page. There are 222 pages but each is unique.
Hardbound book I am releasing today. The soft Cover and eBook are released later today. My publishers say Hardbound book is made available only within India. I am happy with the publishers as it is cost plus + Royalty. I don’t see ny price difference between the Hard and soft covers except for a few rupees. Here is the link.
Podcast Episode 34: Snapshot 6: Book in the process: Fiscal and Ethical Assets – the stability factor – CorporateMOM – Sustainability of Corporate Stability
I am adding a couple of pages of how I am readying for the publication of my book before the end of April 2023.
A spontaneous urge to action rather than inaction’ Volkswagen Group – Change of guard – 2022. While I am presenting what Matthias Müller set the priorities vis-à-vis what Herbert Diess has done on the paradigm shift based on Annual Report 2021, I find from Annual Report 2022 a further change. Quote: The Supervisory Board meeting on July 22, 2022, focused on the composition of the Board of Management of Volkswagen AG. We resolved at this meeting to appoint Dr. Oliver Blume as the Chair of the Board of Management of Volkswagen AG effective September 1, 2022 and agreed with Dr. Herbert Diess that he would step down from this position at the same time. Unquote.
1. Fiscal Responsibility – What You owe your company. You create the Fiscal assets for your company. Stays with the company forever. Priority #1: Customer Satisfaction, #3 Change in Organization Structure: and #5 Strategy 2025 deals with this.
2. Ethical Responsibility – What You owe yourself – You create ethical assets for your company that stay with you forever. What you create for one company you can carry to another. Priority #4 Establishing Corporate Culture would represent this.
3. Co-Responsibility – What You owe the society – an identity with ethical responsibility, that by which corporate infers and society teaches. Priority #2: “Uncover the truth and learn from it” would fit into this. Unquote
I sincerely hope Dr. Oliver Blume continues with the T4I Together for Integrity that Dr. Diess has initiated. I will do the follow-up analytics later. This book which is under preparation is critical for corporate stability. Sustainability of Stability is what we are looking at, through the prism of Women’s Empowerment.
Dr. Herbert Dies’s initiative is what every company must look to. His contribution to the corporate world is quite great, really great. I am sure Dr. Diess’ capability is used by other companies and groups. Piech and Porche will all come and stay and not leave their fiscal assets whereas Dr. types take their ethical assets wherever they move. The 21st century is on the move. Attrition of value is for Dr. Oliver Blume to take note of.
Big firms must take note of it what Keynes says: “Even apart from the instability due to speculation, there is the instability due to the characteristic of human nature.” SOS Governance will set right the current ecosystem.
