Expenses going up

I wonder why all expenses right from the highway tolls right accross to the local council rates keep going up whereas buying power becoming lesser, yet we say; we are moving to be a developed nation in 2020....

Looking at the growth rate of expenses as against the buying power (not the nett income) what would be the situation of our community in the year 2020.....probably the cost of utilities; electricity bills and water will be at an average of RM 1000 for a decent household, while cost of transportation will be at perhaps 50% of the nett take home pay of middle class family.

Say 70% of nett income are for mandatory utilities expenses including taxes, another 20% for food and the balance of a mere 10% for education, recreational activities and others including contribution to old parents. I'm worried even now, cost for a decent health care is not included in the equation.

The problem lies with the greediness of people with money; capitalist. Capitalist is not at all bad, but greediness is. Key Performance Indicators (KPIs) used by many companies predominatly pointing to bottom lines of which lies in those accounting tools, may it be Balance Sheet, Profit and loss. I wonder why Cash Flow alone is not enough for those greedy shareholders.

Yes, it is indeed true accountability of leaders in companies or organisation can be measured using KPIs but more importantly the existent of human being on earth is to exercise Fair and Justice. KPIs are being fair to the interest of those greedy shareholders, but what sort of KPIs do we need to exercise fair and justice to all stakeholders and not shareholders interest alone.

As leaders in companies or organisations it is more important to exercise Fair and Justice rather than focusing on return on investment alone. The meaning of capital strength is not to make more money but to be better in exercise Fair and Justice.

Western scholars and consultants alike advocated the Balance Score Card and implementation of KPIs but still fail to address the need of a Fair Balance Score Card and KPIs that exercise Justice to all stakeholders. Stakeholders are families to the employees, board members, managers etc in the companies; the bottom line is human and not bankers bills.

God has given 24 hours a day as a strata capital to all human; may it be the Chairman of the Board or office boy in the mailing room. I have yet to see any literature or research work that examine in details the actual capital given by god that 24 hours is that all we have in a day as the strata capital. The irony is that we use Accounting approach to measure performance, yet we fail to recognise that what we actually have is 24 hours in a day as paid up capital for each and every one of us on earth.

KPIs are measured by means of currency, yet living on earth since the day of creation is based on time of 24 hours in a day. Time is actually the measurand that Balance Score Card and KPIs should be based on and not those bankers bills.

Is it fair to consume families time to deliver outperformed KPIs ? It is indeed true that Companies or business organisations are not NGOs, businesses exist to maximise shareholders wealth. In essence, wealth shall be measured based on time of 24 hours a day and not bankers bills. Is it fair to steal the strata capital given by god from others to maximise the wealth of certain others ?

We need to relook at the theory of macroeconomic based on Surah Al-Asr. God has promised that all of us human will be at loss except that we performed certain instructions from the Almighty.

Relook at Balance Score Card and KPIs in the perspective of Surah Al-Asr, for all of us as the Chairman of the Board to exercise Fair and Justice to ourselves. Generousity is the essence of Fair and Justice yet greedy that all we strive to maximise the shareholders' wealth all the time.