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Corporate Citizenship and Sustainability
book

Corporate Citizenship and Sustainability

by Jayaraman Rajah Iyer
July 2020
Intermediate to advanced content levelIntermediate to advanced
164 pages
4h
English
Business Expert Press
Content preview from Corporate Citizenship and Sustainability

CHAPTER 6

Inactivity Based Cost Management

An Activity has a cost incidence whereas Inactivity a cost consequence. Measure Cost Consequence, Now, Now, Now.

Jayaraman Rajah Iyer*

Inactivity Based Cost Management1 (IBCM) functions on the following five principles:

  1. Principle #1: What gets measured, gets managed
  2. Principle #2: Measure Qualitative Elements of Management
  3. Principle #3: Corporate Atomic Structure
  4. Principle #4: Return on Intangible
  5. Principle #5: Emergent Property Phenomenon

Principle #1: What Gets Measured, Gets Managed

Some of the notable events in corporate history provide evidence of this. Lockheed, an American aerospace company, was the first major financial scandal that rocked the corporate world, in 1976. Then secretary of state ...

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Publisher Resources

ISBN: 9781952538179