What has famous Milton Friedman pencil case to do with circular economy and integrated reporting, this is a topic of this post. Milton Friedman “pencil case” can be found in his book “Free to Choose”. Shorter but explanatory enough version… Continue Reading
When it comes to organizational risk assessment, financial risk assessment (and management of financial risks) comes as top one, followed by work accidents risk prevention and physical security risk assessment and management especially for objects and plants that are more… Continue Reading
Terminology is important. To clarify concepts behind important terms was always a passion for me. There are so many conceptual blunders especially in so-called social sciences to be found in the past and nowadays and there is abundance of them… Continue Reading
I guess we all experience awkward moments from time to time, seeing simple basic truths behind complicated explanations. Buzzwords like “circular economy”, “sharing economy” or “universal basic income” are most frequent examples. There is abundance of such buzzwords in management… Continue Reading
Integrated reporting rests on two premises: That organizations behave like living creatures (biological premise). That living creatures exist holistically (holistic premise). Taken together those two premises narrow down possibilities for organizational philosophy, explanation, conception, management, supervision, risk management and reporting.… Continue Reading
Featured image: Matevž Paternoster photo of 5.200 years old wheel found near Ljubljana Integrated reporting (IR) is global initiative to upgrade organizational reporting. From the perspective of traditional reporting IR objectives are difficult to understand. Or better: they could be… Continue Reading
There is no big deal to know, that value cannot be quantified while price on other hand cannot be un-quantified. That the value of any item being exchanged among humans can not be defined objectively was so nicely explained already… Continue Reading
There is only one reason why it is worth reading and/or writing: To manage life better. Better in this context means using as least resource for as much as possible result (Evolutionary Stable Strategy, ESS). Life in this context subsumes all possible domains from everyday… Continue Reading
Thesis 1. Things and events are as simple as their complex interdependence is recognized. Thesis 2. Complexity of even the simplest thing or event is so vast, that no rational entity can recognize/understand it. Conclusion 1. Rationality can not understand… Continue Reading
According to Yahoo news channel Elon Musk claims that: Computers, intelligent machines, and robots seem like the workforce of the future. And as more and more jobs are replaced by technology, people will have less work to do and ultimately will… Continue Reading