Fiinovation Advises the Shift Towards Result Based Management

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Fiinovation Advises the Shift Towards Result
Based Management

• Fiinovation, Fiinovation India

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• 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.

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• 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.

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• 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.

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• 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.

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• 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.

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• 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.

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• 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.

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THANK YOU

• Fiinovation.co.in