Kitchen logic 3: A need is not a value
Individual is the sole agent on the market of life. Continue Reading
Organization
How a pencil refutes centralized circular economy?
The famous Milton Friedman pencil case concerning the circular economy and integrated reporting is a topic of this post. Milton Friedman’s “pencil case” can be found in his book Free to Choose. A shorter but sufficiently explanatory version can be… Continue Reading
Subsidies are contrary to circular economy principles
Value chains in organizations can be understood metaphorically as micro power plants that generate energy (value creation) from consumed inputs ( capitals ). Value chains are constructed to add value by producing a slightly greater output value than the sum… Continue Reading
Benefits of circular economy fake trend
The circular economy is not fake; it is a fake trend. Circularity is a necessary feature of life. It becomes a fake trend when vested interests and consultants abuse it. The concept that attracts so much public attention is nothing… Continue Reading
Risk Management and Integrated Reporting
In organisational risk assessment, financial risk assessment (and financial risk management) comes first, followed by occupational injury risk prevention and physical security risk assessment and risk management, especially for properties and facilities that are more vulnerable to a crime or… Continue Reading
Kitchen logic (1): Holism
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 the most frequent examples. There is an abundance of such buzzwords… Continue Reading
Branding as integration vehicle for IR
Integrated reporting is based on two premises: That organisations behave like living beings (biological premise). That living beings exist holistically (holistic premise). Taken together, these two premises limit the possibilities of organisational philosophy, explanation, design, governance, control, risk management, and… Continue Reading
Stakeholder
Stakeholder is something in what an issue has a stake. Continue Reading
Public Relations
Public relations from the metabolic perspective Continue Reading
Risk upgraded by Taleb
Risk does not lie in probability of event, but in optionality. Risk should not be evaluated on rationality, but optionality, meaning on heuristic calculation of gains and loses which are in complex environment always asymmetrical. Lessons given by Nassim Nicholas… Continue Reading