Chapter from: "Corporate Citizenship and Sustainability: Measuring Intangible, Fiscal, and Ethical Assets"
Published by:
Business Expert Press
Length: 34 pages
Topics:
Action process; Action Value Capital; Corporate citizenship; CREAM Report framework creative process; EPP: efforts per person; Ethical assets; GNH Index: gross national happiness index; GRACE: governance, responsibility, authority, credibility, enablement; IBCM - Inactivity Based Cost Management; Intangible Value Capital; Intellectual Value Capital; RoI - Return on Intangible; Reverse mentoring; Self-governance
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Abstract
This chapter is excerpted from 'Corporate Citizenship and Sustainability: Measuring Intangible, Fiscal, and Ethical Assets'. Intangible is defined, like zero being found as a number. Intangible is proved as a constant, an energy force, with a fixed value in a specified mathematical context, enabling the accomplishment of an infinite succession of finite purposes by controlling each goal. Return on intangible inverts the corporate structure to create an equitable new stable element for corporate management, like that of the well-established mathematical and natural sciences. It enables preparing a CREAM - corporate governance, risk management, earnings, accounting quality, and management quality - Report measuring fiscal and ethical assets. Furthermore, a blueprint for Gujarat state domestic product (GSDP) 2024 of USD1.5 trillion, as illustrated in this book, establishes efforts per person (EPP) as the core denominator for development and plays a significant role in the construction of a macroeconomic model. Gross domestic product (GDP) figures are always delayed. The collateral damage, the delayed GDP data has inflicted on the UN Sustainable Development on Gross National Happiness (GNH) Index is obvious as the GNH index could not be linked to development. This has been rectified by bringing out a GDP-GNH combined index, covering the five criteria set by the CREAM Report. The bottom-to-top approach of preparing a CREAM Report and then providing a slot in the Creamchain for each individual enables participation and tracking the well-being and development for each person, individually and collectively at the same time. Corporate citizenship is discussed. Since the days of Ashoka1 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, the book argues.
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Abstract
This chapter is excerpted from 'Corporate Citizenship and Sustainability: Measuring Intangible, Fiscal, and Ethical Assets'. Intangible is defined, like zero being found as a number. Intangible is proved as a constant, an energy force, with a fixed value in a specified mathematical context, enabling the accomplishment of an infinite succession of finite purposes by controlling each goal. Return on intangible inverts the corporate structure to create an equitable new stable element for corporate management, like that of the well-established mathematical and natural sciences. It enables preparing a CREAM - corporate governance, risk management, earnings, accounting quality, and management quality - Report measuring fiscal and ethical assets. Furthermore, a blueprint for Gujarat state domestic product (GSDP) 2024 of USD1.5 trillion, as illustrated in this book, establishes efforts per person (EPP) as the core denominator for development and plays a significant role in the construction of a macroeconomic model. Gross domestic product (GDP) figures are always delayed. The collateral damage, the delayed GDP data has inflicted on the UN Sustainable Development on Gross National Happiness (GNH) Index is obvious as the GNH index could not be linked to development. This has been rectified by bringing out a GDP-GNH combined index, covering the five criteria set by the CREAM Report. The bottom-to-top approach of preparing a CREAM Report and then providing a slot in the Creamchain for each individual enables participation and tracking the well-being and development for each person, individually and collectively at the same time. Corporate citizenship is discussed. Since the days of Ashoka1 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, the book argues.