The Office Of Budgets (OOB), using source Sector and Industry Classification (SIC) code data
collected and analysed by other agencies, will monitor and publicly report on
viability going forward, guiding prudent strategic actions, based on
Entrepreneurial Ideas, Industry Innovation, Operation & Maintenance backed
by Initial Contributions or Investments.
Statistical
Analysis is based on Historical Sector and Industry Performance. This is very
essential international benchmarking work, relied heavily upon to formulate
future decisions, projections and strategic plans, to justify entering,
remaining or exiting this particular (SIC Economic Driver) business model. It
is also very expensive, certainly above the affordability of an individual
operator or a small and young SIC Association, but New and Mature SIC Economic
Drivers, must present such to comfort its stakeholders. Hence, it falls to
independent Governance Agencies to provide the SIC Economic Drivers Statistical
Analysis.
Every Business Model will expand or shrink,
generating profit or losses, and must be preserved or abandoned, triggering
hiring or firing, hence needs to be closely and constantly monitored. Statistical Analysis to measure an
operator’s individual performance against standard benchmarking of the Global sector or Industry and
identify (why) causation. Optimal
Efficiency compared against Global SIC Statistics, to forecast the best
that can be achieve going forward, maintaining the status co, without major
process changes. Change Processes,
analysed against Global SIC Statistics going forward, to project viability
based on Economies-of-Scale, are to win and hold on to a pre-targeted Market
Share.
Optimizing
Efficiency is to reduce waste, corruption and other losses. This requires an
intense relook at the Human Resource section of the Strategic Plan, identifying
assets (skills and abilities) essential to profit centres and the related
personnel expenditure. It further requires the strengthening of security
(checks and balances) to inform prevention detection and reactions. Other
losses as a result of unforeseeable events must be adequately supported by
insurance against loss or damage of assets, contracts and for time. The
resulting Free Cash Flow must then be compared and benchmarked to SIC standards
and quantified to forecast Optimal Efficiency.
Changing
Processes is to better Governance, Product and Operations. This will require
strengthening the Board of Directors (Skills and Experience) and establishing
sub-committees as a time-saving mechanism. It will further require continuous
Market Surveys, Competitive Intelligence and a close eye on Product Research
& Development. It will also require Assets Integrity Inspections, Scheduled
Maintenance and/or Retraining and Upgrades. This may require Large Capital
Investments for Start-up or Transformation. The resulting Free Cash Flow must
then be compared and benchmarked to SIC standards and quantified to project
Change Procedures.
A
country, a nation or a jurisdiction depends on its Mature Economic Drivers to
provide Healthcare, Education and Infrastructure. This requires prudent
Statistical Analysis, to forecast Optimal Efficiency and to project Change
Procedures of each proposed and Matured Economic Driver to maintain viability,
with every individual operator positively contributing to this said viability.
If, forecasted Optimal Efficiency, without major process changes and analysed
against Global SIC Statistics, results in Positive Free Cash Flow (Continue)
with minor Change Procedures or if, results in Negative Free Cash Flow
(Transform) with major Change Procedures. However If, projected Change
Procedures, analysed against Global SIC Statistics, results in Positive Free
Cash Flow (Preserve) or if, results in Negative Free Cash Flow (Abandon).
Rationale
T.A.J
& Associates Company Limited
uses this occasion to comment on topics that have been covered, both academically
and by the mainstream media, to add its opinion and point out investment
opportunity, not to invoke any social action.
