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Fiinovation Advises the Shift Towards Result Based Management

http://fiinovation.co.in/ - Fiinovation was recently conferred with 'The Award for Perfection, Quality and Ideal Performance'. It was also awarded with the ‘CSR Team of the Year’ and ‘Caring Company Award’ at the World CSR Day 2015.<br>

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Fiinovation Advises the Shift Towards Result Based Management

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  1. Fiinovation Advises the Shift Towards Result Based Management Fiinovation, Fiinovation India

  2. Corporate Social Responsibility (CSR) is mandatory in India for the corporations which fall under the ambit. • This has ensured there is increasing number of CSR initiatives being taken up by corporations for overall welfare of the society. • Today, it has become important to bring about a change in the lives of people through its operations.

  3. There is increased awareness among people about the corporations which is making the corporations more accountable and responsible towards society. • Corporations cannot just be doing check box charity anymore, rather they need to engage with the society and ensure its wellbeing.

  4. Fiinovation believes that there should be an increased emphasis on results that changes the application of monitoring and evaluation in India. • The initiatives are more based on result based management approach wherein processes, activities and strategies contribute towards the achievement of clearly stated objectives. • Fiinovation has been urging corporations to implement their CSR initiatives on the basis of result based management framework.

  5. The result based management provides a coherent framework that encompases strategic planning and management by improving learning and accountability. • This helps in reducing the gap between the set objectives and the outcomes of the initiatives. • Fiinovation understands that following the result based management framework, helps implementation agencies to operate, improve their performance and achieve results.

  6. There is also a need to monitor the outcomes to detemine the sucess of the interventions by their measurable contribution to impact. • The process has be continual and systematic process of collecting and analyzing data to measure the operational performance. • Though the process is continual, however monitoring outcome must be periodic, so that the significant changes can be analysed.

  7. Fiinovation understands that it will be difficult to manage the initiatives unless there is effective monitoring and evaluation. • A shift towards result based management framework will mean that there is less chances of misutilization of resources and higher chances of positive impact.

  8. The basic idea of mandating CSR in India was to ensure there is higher impact by the private players in the social development sector. • By this law the government has actually acknowledged the role of private organisations in filling the gaps in the development sector. • Fiinovation believes that unless the corporations become more accountable and responsible towards the societal norms, there won't be inclusive growth.

  9. THANK YOU Fiinovation.co.in

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