Summary
Tomorrow's Company has a wealth of experience in looking at the financial markets.  Past publications such as Tomorrow's Global Company and Restoring Trust have set out what a robust financial system would be.
 
Currently Tomorrow's Company is debating how we can get to such a system from the crisis that has enveloped the financial world.  This issue is designed to show the public our line of thinking and includes debate pieces, thought leadership and articles.  We welcome comments from all.

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posted by Admin  on January 24, 2008
The best companies link pay and promotion to their values, rewarding those who are judged to have lived up to what the company stands for. As many of the companies in this Inquiry Team have experienced, it is essential that those who fail to respect the company’s values do not progress in an organisation.
     

Issue(s): Embedding Values , Why we need Force for Good companies , How to be a Force for Good company , Global Financial Crisis
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posted by Admin  on January 24, 2008
Tomorrow's global company should expand its view of success and redefine it in terms of lasting positive impacts for business, society and the environment.
     

Issue(s): Redefining Success - beyond accounting , Why we need Force for Good companies , How to be a Force for Good company , Global Financial Crisis

Tag(s): RedefiningSuccess
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posted by Admin  on January 24, 2008
Because of their scale, power and influence, tomorrow’s global companies will have an important wider role as carriers of human values - for good or ill. If they fail to set high standards, others outside the company will find it easier to tolerate corruption, fraud and human rights violations. However, if they do act as role models, they will add value to the health of the societies in which they operate.
     

Issue(s): Embedding Values , Why we need Force for Good companies , How to be a Force for Good company , Global Financial Crisis
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posted by Admin  on January 24, 2008
In many cases, major issues can be addressed through international agreements. These subsequently need to be translated into national regulation that is then rigorously and uniformly enforced. Effective self-regulation, in its many forms, is often the first step.
     

Issue(s): Creating Frameworks , Why we need Force for Good companies , How to be a Force for Good company , Global Financial Crisis

Tag(s): CreatingFrameworks , Principles , Regulation , Voluntary
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posted by Admin  on January 24, 2008
Tomorrow’s global company should expand its view of success and redefine it in terms of lasting positive impacts for business, society and the environment. Having redefined success, tomorrow’s global business leaders should stand firmly behind their convictions and use them as a basis for their business strategy and decision making. Internal processes, especially measurement and reporting and external communications with all stakeholders, need to be consistent with this view of success.
     

Issue(s): Redefining Success - beyond accounting , How to be a Force for Good company , What is a Force for Good company? , Global Financial Crisis

Tag(s): MeasuringSuccess , RedefiningSuccess

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CommentsPost New Comment
Global Financial Crisis and India
If we think of the situation of developing countries during the global financial meltdown, we find that some developing countries like India & China were not very badly affected by the storm of global financial crisis. Hige degree of regunalions & norms, tighten monetery policy laid by the governments put the picture of these countries in altogether different flying colors on the global map. Reserve Bank of India is actually considered to be the best central bank of the world.
There is a very strong system and norms led by the governments of india and it is coming as an emerging market and the whole world is eyeing on this country and on China as well.There is a lot to learn from these countries which even after being developing nations were standing like strong rock. The US economy is not fundamentally healthy even it is a command driven economy. The case is altogether differnet with country like India which is the only domestic demand driven economy in Asia at a time when the whole world is worried about western growth.
If we focus on some recent meetings like G-20 when many countries were eclipsed, Brazil & Russia were also considered among the least affected nations.
These countries basically send a message all across the globe that the governments policies should always be fundamentaly strong so that these type of erratic events can never be repeated in future leading in the imbalance of the whole world.

Vishal Kumar(PGDM) Indira School of Business Studies,Pune(India)
Posted By : Vishal Kumar
Posted on : November 25, 2009

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