Skip to main content

An Idea - The importance of INDEX for continuous tracking of organizational health.

The need of Index in every entity - For instant transparency on organization health !!

This idea of INDEX is primarily segregated into two parts, firstly for all business/administrative organizations be it in private or non-private sector, and secondly for tracking the health of a particular practice or trade nationally.


IDEA 1 –  Organization Progress Index 
While I was in my previous organization, I proposed an idea to our then CEO, for an internal Organization Progress Index. It was primarily meant for transparent monitoring and tracking of the organizational health by considering all the critical parameters and dependencies that constitutes a global IT organization’s health. Our then CEO did reply to my email, stating that he will share the idea with his team for due consideration. 
Continuing in the same frequency, I happen to have recently researched further through the net, and have come across a McKinsey solution for OHI – Organization Health Index, for various organizations and corporates across the globe. 
I would like to concentrate in the same manner, for organizations in the private and public sector, as well as for government entities at the central and state level, within our Indian dominion. 
I propose to model an organization’s health as per the model used to calculate the Sensex in our BSE. Sensex is an abbreviation of the word Sensitive Index - the benchmark index of the Bombay Stock Exchange (BSE). It is composed of 30 of the largest and most actively-traded stocks on the BSE. 
I do not intend to make an organization trade within its insiders.  
What I suggest is just like BSE index is composed of 30 of the largest and most actively-traded stocks on the BSE, similarly in my proposed Organization Index, the primary contributors will be those departments in an organization which contributes to the maximum profit and revenue for the organization. 
The critical parameters and dependencies that constitutes an organization’s health, will be fed into the proposed model, as per its department’s data and will constitute the collated index. 

We may refer to documents on how to start off initially by studying the approach initiated by McKinsey for their existing OHI solution. 

What I am trying to propose out here, is just to suggest all registered private/public sector entities and state/central government entities as well, in India to have their individual Organization Progress Index (OPI). This index can and will directly or indirectly help an organization in maintaining a balanced financial health (both internally as well as externally). 
Additionally, with the inclusion of an organization’s financial data science features and futuristic machine learning algorithms, an entity can build a predictive model to foresee their future health, and if required this index can be inter-related to its relation with BSE or NSE (if that respective organization is listed in any of the stock exchanges nationally, or any other foreign stock exchange). 


IDEA 2 - National Index for E-Wallets

As NIFTY Banking index is already in place for banks, so in similar lines I want to propose an idea to have a National INDEX for Indian e-commerce payment system and digital wallet entities, irrespective of the industry. Because all these e-wallets have one common interest, i.e. mobile and online money/payments. 
We can coordinate with NPCI and RBI, in order to make this happen. 

NPCI - National Payments Corporation of India is an umbrella organisation for operating retail payments and settlement systems in India. 
RBI - The Reserve Bank of India is India's central banking institution, which controls the issuance and supply of the Indian rupee.




The above list of existing e-wallet companies in India, can be found from the below link 

These two INDEX related ideas are not meant for India only. 
With efficient planning, modelling and subsequent implementation, these ideas can be experienced by any entity or country, across the globe. 

Comments

Popular posts from this blog

Maintain a balanced distance from everything and everyone !!

Maintaining a balanced distance from everything and everyone is the most needed resolution for successful life and relationship. Just like our planet Earth, which revolves around the sun continuously at a balanced distance. Earth is neither too close to the sun to be more hotter, nor it is too far from the sun so as to be more freezing.  Accordingly, Earth has the required temperature which is needed for water to stay in liquid form, so as to allow life in so many ways and forms to continue on this planet. Likewise, we humans too should maintain a balanced distance from each other, irrespective of our age or nature of the relationship. If someone tries to get too close to another person, then knowingly or unknowingly one can intrude into others privacy.  Similarly, going too far away from the other, may end the relationship as well.

FLOOD PREVENTION - Automatic Emergency Water Gates Along The Riversides - A probable option ??

Flood due to raging rivers from excessive rainfall is a very common scenario across the globe, because engineering and technology is yet to invent anything till date, to control the weather's wrath. If we can construct huge underground car parking areas, then humans can also construct underground concrete water reservoirs, because that day is not far off, when humans has to accept and realize that preservation of rain-water and river-water, will be much more important than owning fleets of expensive cars. Whenever there is an excessive rainfall in any geographical region with rivers and its tributaries, the river gradually starts flowing above the threshold/danger mark.  I hereby propose to construct automatic emergency water gates along the riversides, at a little lower level as per the danger mark scale. And these automated gates will lead the excess river-water, to the underground concrete water reservoirs (proposed above) through an underground piping system (slanted in a...

Flying Humans... It is already happening !!

Similar to some of my earlier posts in this blog, this idea too is already an existing one. However this concept too is yet to be exhaustively implemented and used in our human society. A jet pack, rocket belt, or rocket pack is a device worn on the back which uses jets of gas or liquid to propel the wearer through the air. The concept has been present in science fiction for almost a century and became widespread in the 1960s. Real jet packs have been developed using a variety of mechanisms, but their uses are much more limited than their fictional counterparts because of the challenges of Earth's atmosphere, gravity, low energy density of available fuels, and the human body not being suited to fly, and they are principally used for stunts. A practical use for the jet pack has been in extra-vehicular activities for astronauts. (Reference Link:  Jet Pack ) Of late, humans have made significant progress in their research on individual horizontal flights. The focus of Gru...