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Holistic Economy

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    Holistic Economy

    Deepak Cheerothy, Gokul Roshan .P &Tharun Sebastian

    Lean Operations and Systems

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    Introduction

    A nation that aspires to be a super power

    cannot take pride in abysmal 84th place in

    Transparency Internationals 2009 Corruptions

    Perceptions Index ranking.

    Governments talk of India shining.

    The scams are increasing day by day.

    Everyone feels the need for a change, but

    what is that change?

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    Methodology

    DMAIC(Six Sigma)

    Primary Objective-Reduce the Corruption in

    India.

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    Define

    Corruption in India.

    Corruption is the abuse of entrusted power

    for private gain.

    Corporate Scams in India.

    Define

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    The Corruption Perceptions Index (CPI)measures the perceived level of public-sectorcorruption in 180 countries and territories

    around the world.

    The CPI is a "survey of surveys", based on 13different expert and business surveys.

    India ranks 84th place in TransparencyInternationals 2009 Corruptions PerceptionsIndex ranking out of 180 with CPI 3.4.

    Define

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    Measure

    Reverse Brainstorming and Online Survey

    Period -2 months.

    A questionnaire was made and was circulatedfor primary data .

    Define Measure

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    88%

    12%

    Do you thi k Indiai

    Corrupted?

    Y

    No 78%

    16%6%

    Doyou think there i a

    need for change?

    Y

    No

    y

    7 %

    %

    Gender

    F

    8%

    8%2%

    12%

    Age

    1 o 2

    2 o

    o 5

    5 Abo

    D fin ur

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    AnalysisFish Bone Diagram

    Define Measure Analyze

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    Pareto Chart

    0

    10

    20

    30

    40

    0

    0

    0

    80

    90

    100

    Selfish Desire Poor incentives Lack of Accountability Lack of Punishment

    Measures

    Lack of transparency

    Pareto Chart for Causes ofCorruption

    Percentage of Total

    Cumulative Percentage

    Define Measure Analyze

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    Improvement and Control

    Holistic Economy is the concept in which moral values with the support

    ofthe nowledgeencourages theemployees to transfer and better

    utilize their nowledge that is in linewith company/organization goalsfor sustainable business.

    Define Measure Analyze Improve Control

    ScientificManagement

    (1911)

    KnowledgeEconomy

    (19 )

    HolisticEconomy

    (2010)

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    Holistic economy can be achieved by

    eliminating the root cause.

    So from the childhood moral values should betaught and practiced.

    It should be continued also in UG,PG and

    Corporate .

    This will result in the continuous improvement

    of the humans.

    Define Measure Analyze Improve Control

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    Benefits ofHolistic Economy

    Transparency

    Open communication

    Commitment

    Equity

    Morality

    Less Layoffs

    Quality

    Faith

    Fairness

    Respect

    Responsibility

    Generosity

    Define Measure Analyze Improve Control

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    Findings

    People are bothered about corruption.

    Respondents , consider holistic economy nota practical concept even though they are

    convinced of the need for a change..

    Many respondents are of the opinion that ifeveryone else follows it, they will also follow .

    They are only concerned about the direct andindirect impact on the stake holders of theirbusiness.

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    Suggestions

    If the Holistic economy concept is implemented as anindustry practice many people are willing to take part

    in the successful implementation of the concept.

    Since awareness of the concept is less among the

    respondents , budding Generation should beexposed to this concept at an early stage itself.

    Holistic Education should be made part of

    Curriculum.

    Honest Employees should be encouraged and taken

    care.


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