Fiinovation CEO: Qualities of CEO

“The role of the CEO is to enable people to excel, help them discover their own wisdom, engage themselves entirely in their work, and accept responsibility for making change.”
                                            -Fiinovation CEO and Founder, Dr. Soumitro Chakraborty

A Chief Executive Officer(CEO) is the most noteworthy positioning chief in an organization, whose essential duties incorporate creation of major corporate choices, dealing with the general activities and assets of an organization, going about as the central matter of correspondence between the governing body (the board) and corporate tasks and being the open essence of the organization. A CEO is chosen by the board and its shareholders. There are many other titles for CEOs, such as chief executive, president, and managing director.

Understanding Chief Executive Officers:

A CEO's job shifts starting with one organization then onto the next relying upon the organization's size, culture, and corporate structure. In enormous companies, CEOs commonly manage extremely significant level vital choices and those that direct the organization's general development. In littler organizations, CEOs regularly are more active and engaged with everyday capacities. Presidents can establish the pace, vision, and once in a while the way of life of their associations. On account of their regular dealings with the general population, here and there the CEOs of huge companies become renowned. Mukesh ambani, the CEO of Reliance industries, for example, is a household name today.

Qualities of CEO:

There is no standardised data of the roles and duties of a CEO. The common obligations, duties, and expected set of responsibilities of a CEO include:

• Imparting, for the benefit of the organization, with investors, government substances, and people in general
• Driving the improvement of the organization's short-and long haul methodology
• Making and executing the organization or association's vision and mission
• Assessing crafted by other chief pioneers inside the organization, including chiefs, VPs, and presidents
• Keeping up attention to the serious market scene, extension openings, industry improvements, and so forth.
• Guaranteeing that the organization keeps up high social duty any place it works together
• Evaluating dangers to the organization and guaranteeing they are observed and limited
• Defining vital objectives and ensuring they are quantifiable and describable

Innovative financial Advisors pvt. Ltd. (Fiinovation), the CEO and Chairman - Centre for CSR and sustainability excellence Dr. Soumitro Chakraborty message, “As India shifts gears of development and strives to transform itself from an emerging economy to a developed one, the burden of growing disparity between industrial profits and overall human development index continues to become a hurdle. Yet favorably, with the new Companies Act in place, profit-making corporations now have an opportunity to play an instrumental role to overcome the social development concerns. “What we take from the community, we must give back to it.” Today, Corporate Social Responsibility (CSR) is no longer a matter of mandate, but an affair of commitment that companies behold towards the society at large. It marks the best time for social interventions to take place, and an opportunity for the country to create a sustainable future for our youth. Evidently, India has emerged as the country with the youngest population with 65% below the age of 35. The CSR mandate is a trigger for the private sectors and gives a chance to contribute towards social welfare. The programme implementation under CSR mandate, requires close coordination between the government, civil society organisations (CSOs) and other stakeholders. Seemingly, a corporation's social responsibility cannot be limited to allocating funds or just introducing a project, the focus on Social Impact is equally important with a timely social audit. Since the year 2009, our organization is thoroughly working in the social development sector and has fairly understood the various complexities that exist in the socio-economic paradigm of the world's largest democracy. We are effective in revamping the entire value chain of social interventions by studying the ground-level needs. Owing to our thorough understanding, our organisation is proficient to translate opportunities into intended positive outcomes through enduring partnerships among businesses and civic bodies. At Fiinovation, we realise the approach towards addressing the social challenges with cost-effectiveness and time-orientation. Certainly, there is an immense growth potential in this sector, both quantitatively and qualitatively. What is important is that the commitment, even if they are minuscule, are undertaken and directed towards a positive and realistic impact which is measurable and scalable. ”

Fiinovation is a global consulting company operating in multiple disciplines of the social development sector with emphasis on Corporate Social Responsibility (CSR) and Sustainability. Fiinovation CSR offers end to end consulting services and simplified solutions that have helped various corporations channelize their resources for the upliftment of community on societal, economical and ecological aspects in accordance to their CSR charter. It provides its services to both civil society organizations (CSOs) and corporations in carrying out fiinovation projects, in field research studies, forging alliances, designing CSR policy of corporations. We can get more latest updates on social media accounts, fiinovation linkedin, fiinovation facebook and fiinovation twitter.

Fiinovation contact:

Fiinovation new Delhi address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India.

Fiinovation Jobs: What does a Corporate Responsibility manager Do?

 

Corporate responsibility can be divided into four distinct categories in order of decreasing importance: economic, legal, ethical, and voluntary duties. First, a firm is expected to meet its economic responsibility. Indeed, the primary purpose of an enterprise is to generate and maintain sustainable corporate profits by the means of creating and providing the necessary products and services to society. The second most essential duty required of a firm is legal responsibility. As businesses operate within legal boundaries and are protected by national borders, they must strictly adhere to regulations set forth by their respective governments and be transparent to the public and to the relevant stakeholders. On the other hand, a firm’s ethical responsibility, such as social support events, can be regarded as a set of ideals that if followed produce a social surplus, but are not mandatory. Lastly, a firm is expected to carry out its voluntary responsibility which entails participating in philanthropic activities. For performing these duties firms require a CSR manager. Corporate responsibility managers are responsible for assisting the company in developing, managing and altering social responsibility policies, defining and developing the strategies, marketing and publicity, recruiting, managing and training junior staff members which underpin a firm's CSR objectives. To start with this whole corporate social responsibility thing three principal activities and responsibilities are required such as foresight, nurturing, and evangelism.

Fiinovation CEO and Chairman - Centre for CSR & Sustainability Excellence, Dr Soumitro Chakraborty firm Innovative Financial Advisors Pvt. Ltd.(Fiinovation) provides its corporate social responsibility services to both corporations and civil society organizations (CSOs) in carrying out field research studies, forging alliances, designing CSR policy of corporations. According to him, In India, demand grows in large and mid-sized firms for CSR roles is increasing day by day, also they offer salaries nearly 50% at any level for CSR roles. In every year they offer many fiinovation jobs for CSR roles and fiinovation salary for CSR job roles ranges from approximately ₹ 3,00,000 per year to ₹ 7,49,401 per year. Also you can see their working employees reviews on fiinovation glassdoor. We can get more details on fiinovation linkedin, where they always update their innovation.

Many CSR Job roles are offered to CSR managers, such as entry level CSR manager, Assistant CSR manager, Customer service executive, key account manager-CSR, CSR fundraising manager, CSR manager, Corporate communications manager, Assistant manager- corporate sales, senior manager-corporate accounts, Manager/ senior manager- corporate sales(B2B), sales manager(B2B), etc.

To enter this line of work, you will need an undergraduate degree or an HND (Higher National Diploma) in any discipline or master of public Administration course. However, studying a relevant subject, such as sociology, economics, human rights, international development, international studies, modern languages, marketing, PR, law, politics, business studies, maths, environmental engineering, environmental management or ecology, may boost your chances of securing an entry-level graduate job.

Key Responsibilities of CSR manager:

• Plan and implement CSR initiative /programs of the company (research, assessment, analysis and reports).
• Evaluate diligence of CSR implementing partners; NGOs; Enterprises etc. recommended, prepare terms and conditions for appointment etc.
• Collect all relevant data required for implementing CSR projects.
• Effective communication of CSR projects with internal and external stakeholders.
• Monitoring and evaluation of projects including impact assessment, strategic review and planning documentation of project process and reporting.
• Need to have strong local geographical knowledge. Networking, liaisoning, coordination with Government Officials and stakeholders etc. make sure to engage government officials wherever required, regular meetings / interaction, sharing of project reports, status updates etc.
• Regular update to the line supervisor on the progress of projects or any other such information. Ensure prompt communication to the line supervisor on any mishap / mishappening and suggest corrective action.
• Overall partnership management, regular interaction with NGOs partners and maintain bilateral communication to closely track project activities / updates and collect all the required reports / updates etc.
• To support the team to develop specific action plans for center management, training, mobilization, placement and meet the target, ensure adherence of the same in a timely manner.
• Design and implement a systematic fundraising program to raise CSR funds from Indian companies. Create proposals, presentations, and other materials for raising grant funding.
• Establish and maintain relationships with CSR divisions of Indian companies, and raise CSR funding from them.
• Help with implementation, monitoring, and assessment of CSR funded projects in urban and rural communities.

We can contact fiinovation:

Fiinovation Delhi address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India.

Fiinovation Delhi: Analysis of linkage between CSR and Financial performance

 

The corporate sustainability movement is now termed Corporate Social Responsibility (CSR) and it attempts to apply sustainability to guide the behavior of business with respect to both society and the environment as well as its responsibility to stockholders. In this new model corporations value their success not solely based on its financial bottom-line, but also on their environmental and social performance. For example, starbucks corporations CSR strategy is,”Our commitment to being a deeply responsible company contributing positively to our communities and environment is so important to Starbucks that it’s one of the six guiding principles of our mission statement. We work together on a daily basis with partners (employees), suppliers, farmers and others to help create a more sustainable approach to high-quality coffee production, to help build stronger local communities, to minimize our environmental footprint, to create a great workplace, to promote diversity and to be responsive to our customers’ health and wellness needs.” This statement is indicative of the comprehensive approach that companies applying the CSR framework take when approaching their responsibilities beyond financial performance. Companies engaged in the CSR framework accrue significant benefits such as a better brand identity, lower levels of regulatory scrutiny, reduced liability, a better reputation among prospective employees, and a far greater probability of gaining a ‘license to operate’ in communities where they propose to establish operations.

Corporate social responsibility(CSR) and Corporate financial performance (CFP) have both positive and negative effects. A positive relationship between CSR and CFP, suggesting that being socially responsible improves profitability. If CSR has a positive effect on CFP, it is also likely that socially responsible investments have a positive rather than a negative effect on shareholder value meaning that CSR is also favourable for the shareholders and a negative relationship between CSR and CFP does not imply the complete abandonment of socially responsible corporate action. The relationship between Corporate social responsibility and corporate financial responsibility is U-shaped. Such as companies with low CSR performance have high CFP, companies with moderate CSR performance have lower CFP, whereas companies with high CSR performance have the highest CFP. This means that mediocre CSR is related to the highest financial performance whereas low and high CSR are related to lower financial performance. Innovative financial advisors pvt. ltd. (Fiinovation) can handle CSR and CFP very effectively. ESG, society, environment, productivity, investment, costs, regulation, revenue strategies are important for handling CFP. These following strategies are helpful to balance CSR and CFP. Every Fiinovation project is analyzed in the Proposal Research & Design Laboratory. Fiinovation's unique in-house laboratory gives a competitive edge, and emphasizes scientific and rational research tools to develop effective and result-oriented initiatives. CEO fiinovation and Chairman - Centre for CSR & Sustainability Excellence, Dr Soumitro Chakraborty believes “ If you don't know where you have started from, you won't know how far you've come...”

Fiinovation practice areas such as health, education, environment, livelihood, and skills all are performed under the expertise solutions. Fiinovation holds expertise in the following practices are Initiative Implementation, Initiative Design & Management for Corporations & SME's, Monitoring & Evaluation, CSR-CSO partnership, Impact Assessment, Development Communications, Social Return on Investment. You can see more details on Fiinovation client login, where all details are provided.

We can contact Fiinovation:
Fiinovation Delhi address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India.

Fiinovation client login: Adoption of green IT strategies as a form of CSR

                           

           

Past several years, an increasing number of corporations, organizations, and firms are undertaking actions to cut their environmental impact. It’s only in the last few years that we’ve started assessing the kind of impact that we’ve had on the environment as a direct result of this exponential growth but current trends show that for maintaining competitive advantage, organizations are actively getting involved in corporate social responsibility. According to Minita sinha, Assistant professor at Indian academy school of management , “The green IT framework supports the concepts of the use of renewable energy, proper disposal of IT equipment, adopting of green technologies and greening of data centres. Nowadays organizations involved in more initiatives are considered to be socially responsible which is being reflected in their core strategy and mission statement. Organizations are investing in green IT initiatives to help them become a more responsible organization towards the environment. Many software organizations have built a sustainable or green information technology framework in an effort to reduce carbon footprints.” 

Innovative financial Advisors pvt. Ltd. (Fiinovation) is a global consulting company operating in multiple disciplines of the social development sector with emphasis on CSR and Sustainability. . The main fiinovation practice areas are health, education, agriculture, environment and livelihood. In fiinovation projects you can see their working strategies to solve social development and sustainability sector problems, such as waste management, water crisis, health, corporate social responsibility, disaster management, sustainability, tourism, livelihood, gender equality, manual scavenging, monitoring and evaluation, hygiene, rain water harvesting, women issues, deadliest diseases. It is a research-based organization that offers expertise in sectors like Healthcare, Environment, Education, Skill Development and Livelihood with emphasis on Corporate Social Responsibility and Sustainability. Fiinovation holds expertise in the following practices are Initiative Design & Management for Corporations & SME's, Initiative Implementation, Monitoring & Evaluation, CSR-CSO partnership, Impact Assessment, Development Communications, Social Return on Investment. Fiinovation always follows authenticity, confidentiality and quality three main core values that ensures authenticity, reliability, and credibility of the data, facts, and figures that they gather and disseminate through primary and secondary research, excellent quality of the actionable reports which is intended to provide absolute and detailed insight into the markets, products, competition and the overall perspective at an affordable price, confidentiality for all the research projects that we carry out as per the code of conduct. Fiinovation successfully bridged the gap between businesses and communities through their value-based sustainable social intervention in the sectors of Health, Environment, Education, Skills, and Livelihood.

Green technologies are those technologies that help to conserve natural environment and resources and help to reduce the negative impact on humans and other living organisms. Green technology is also known as environmental technology and through these technologies sustainable development is achieved. These technologies help us to do recycling, water purification, waste management, renewable energy and sewage treatment. Some technologies help to reduce the consumption of energy while others help to reduce the amount of waste in terms of paper, toxic emissions produced by human activities. Software organizations working on four categories are, use of renewable energy, greening of data centres, proper disposal of IT equipment and use of green technologies. Also firms, corporations and organizations are socially responsible if it is actively participating in all the four initiatives instead of just participating in one or two initiatives. Nowadays software companies are willing to adopt eco-friendly practices to build a green information technology infrastructure framework and also help other software companies.

Fiinovation builds strategies related to green technologies, so it can help corporations, organizations and firms. Fiinovation CEO and Founder Dr. Soumitro Chakraborty of Innovative Financial Advisors Pvt. Ltd. (Fiinovation), “What is important is that the commitment, even if they are minuscule, is undertaken and directed towards a positive and realistic impact which is measurable and scalable.”Fiinovation is provides excellent services which fiinovation makes more different than other csr consultants companies, such as credible, dedicated and stable communication network, 24*7 access to online support where you can drop your queries at any time of the day and the response of which would be sent to you between 24 to 36 hours, regular update on your project development, donor submission and funding process, SMS alert on every update, reducing communication gap to make the system transparent, Mobile application that facilitates user friendly and high end services. You can see more details related to CSM on the fiinovation client login section. In Fiinovation reviews, you can see how their clients are happy, that shows the supportive company environment, which is what every client wants. Also their company environment is too friendly, you can see their working employees reviews on fiinovation Glassdoor.

Fiinovation new delhi address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India.

Fiinovation jobs: Career opportunities in CSR fields

 

Corporate social responsibility is a concept helpful in the Corporate world. Companies spent a certain percentage of their profile for CSR operations to contribute to make a better society and a clean environment. The concept of CSR has evolved from welfare activities (such as philanthropy, donations, charity, relief work and others) to the one that now incorporates corporate citizenship, strategic philanthropy, shared value, corporate sustainability and business responsibility. CSR is the process where a company achieves a balance of social, environmental and economic obligation. CSR is playing an important part in the corporate world which is helpful for business strategy to minimize the business risk. Corporate Social Responsibility (CSR) Sector is emerging as a rapidly growing and promising career domain. Also Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. Fiinovation considers CSR of strategic importance. They assist their partners in adopting sustainable approaches in their businesses as well as in undertaking impactful social initiatives as a part of their CSR mandate. Innovative financial Advisors pvt. Ltd. provides its services to both civil society organizations (CSOs) and corporations in carrying out fiinovation projects, field research studies, forging alliances, designing CSR policy of corporations. Fiinovation is the middleware between CSOs and corporations, where it provides funds to the CSOs and works with corporations related to CSR projects. Fiinovation working on analytics, grant management, programme management, proposal research laboratory, project optimization. The main fiinovation practices are health, education, agriculture, environment and livelihood.

There are lots of opportunities present in the corporate world such as,

Business abilities (counting building knowledge, relational abilities, dynamic, business mindfulness, IT, advancement, vital mindfulness, administration, taking care of multifaceted nature and critical thinking)

Relationship building abilities (counting versatility and compassion, creating others, affecting without power, liberal, trustworthiness, political mindfulness, self-advancement and getting the hang of, building organizations, group working and addressing "business as usual")

Specialized abilities (counting specialized mastery, getting impacts, partner discourse, inward consultancy, selling the business case, understanding human rights and getting supportability).

At manager level, some key responsibilities are important, such as Understanding society, Building capacity, Questioning business as usual, Stakeholder relations, Strategic view, Harnessing diversity. Innovative Financial Advisors Pvt. Ltd. provides fiinovation jobs in Relationship manager, Senior manager, human resources manager, project developer, Data analyst, program manager, Business development manager, and Senior project manager. This all are CSR based positions. You can also apply for these positions on Fiinovation Linkedin. You can see employee reviews on Fiinovation glassdoor that shows the friendly company environment as well as experienced and hardworking employees work. CSR sector recruits its major workforce from among the professionals who are into Social work, rural development and other developmental fields to undertake and manage the CSR activities of the company. There are an increasing number of qualifications becoming available at Masters Level and as part of MBA courses. The professional courses like Master of Social Works (MSW), MBA in rural development and Post Graduate Diploma in Rural development etc. offered by different universities and reputed institutions may be the right option for a career in CSR. It is a challenge for those who are just getting started in the CSR Sector, as most Corporations would look for candidates who have some relevant CSR Experience. Getting on board with a specific company can sometimes become a challenge. Hence, a possible solution would be to opt for Internship for a couple of months and gain experience. Fiinovation is the great start to start your career in the CSR field.

Fiinovation CEO and Chairman - Centre for CSR and sustainability excellence Dr. Soumitro Chakraborty said, “What we take from the community, we must give back to it.” Innovative Financial Advisors Pvt. Ltd. (Fiinovation) is a research-based organization that offers expertise in sectors like Healthcare, Environment, Education, Skill Development and Livelihood with emphasis on Corporate Social Responsibility and Sustainability. Fiinovation is a knowledge partner of industry bodies such as Confederation of Indian Industries (CII) and Institute of Directors (IOD). With CII, the partnership emphasizes research for the promotion of affirmative actions along with CSR and social enterprises.

You can contact Fiinovation through their social media sites like Facebook, Twitter, Linkedin as they keep transparency about their work.

Fiinovation Okhla address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India

Fiinovation Delhi: Sustainable development Goals

Sustainable development goals mean global goals. Sustainable development goals help to maintain balance in social, economic, and environmental sustainability. There are a total 17 goals that come under the sustainable development goals. UNDP’s main goal, “Our track record working across the Goals provides us with valuable experience and proven policy expertise to ensure we all reach the targets set out in the SDGs by 2030. But we cannot do this alone. Achieving the SDGs requires the partnership of governments, private sector, civil society and citizens alike to make sure we leave a better planet for future generations.”

Innovative financial Advisors pvt. Ltd. (Fiinovation) provides its services to both civil society organizations (CSOs) and corporations in carrying out fiinovation projects, field research studies, forging alliances, designing CSR policy of corporations. Fiinovation working on analytics, grant management, programme management, proposal research laboratory, project optimization. The main fiinovation practices are health, education, agriculture, environment and livelihood. In fiinovation blogs you can see their working strategies of fiinovation practices to solve problems, such as waste management, water crisis, health, corporate social responsibility, disaster management, sustainability, tourism, livelihood, gender equality, manual scavenging, monitoring and evaluation, hygiene, rain water harvesting, women issues, deadliest diseases.

Fiinovation CEO and Chairman - Centre for CSR and sustainability excellence Dr. Soumitro Chakraborty said, “At Fiinovation, we realise the approach towards addressing the social challenges with cost-effectiveness and time-orientation. Certainly, there is an immense growth potential in this sector, both quantitatively and qualitatively. What is important is that the commitment, even if they are minuscule, are undertaken and directed towards a positive and realistic impact which is measurable and scalable.” According to fiinovation,Sustainability is a comprehensive approach for a business that aims to create and maximize long-term economy by keeping a balance of social and environmental aspects in a longer run. Being a research-driven organisation, Fiinovation also contributes to IOD's Masterclass for Directors that has a wide spectrum of subjects such as corporate governance, sustainability, HR practices, finance, corporate social responsibility, environmental management and board effectiveness.

In Fiinovation reviews, you can see how their clients are happy, that shows the supportive company environment, which is what every client wants. You can see employee reviews on fiinovation glassdoor that shows the friendly company environment as well as experienced and hardworking employees work. We can contact Fiinovation through their social media sites like fiinovation Facebook, Twitter, Linkedin as they keep transparency about their work.

Fiinovation Delhi address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India.

Fiinovation Jobs: Working at Innovative Financial Advisors Pvt. Ltd.

 

Innovative Financial Advisors Pvt. Ltd. (Fiinovation) is a global csr consulting company operating in multiple disciplines of the social development sector with emphasis on CSR and Sustainability.

The unique in-house “Proposal Research & Design Laboratory” emphasises on scientific and rational research, tools for developing more effective and result oriented initiatives. Some of its recent collaborations include Uflex Pvt. Ltd, Flex Foods, Laurus Labs, IL&FS - Skills, JK Tyre, Mytrah Energy, RPG Foundation and KEC International Limited amongst others.

Fiinovation has also been recognized for its work at various capacities. Mr. S. Chakraborty, fiinovation CEO - Fiinovation was recently honoured with the 'International Socrates Award “Queen Victoria” for 'commitment, dedication and achievements in innovative social initiatives in CSR & Sustainability'​ by the Europe Business Assembly at Oxford, United Kingdom in March 2016. It has also been adjudged with the 'CSR Team of the Year'​ at the Global CSR Excellence & Leadership Awards 2015 and ‘Caring Company Award'​ at the World CSR Congress 2015 in Mumbai and the 'Manager of the Year'​ & 'Best Enterprise of the Year - in the field of Health, Education, Environment and Livelihood with a focus on CSR & Sustainability'​ Socrates Awards by European Business Assembly at Summit of Leaders 2014 at Oxford, United Kingdom. Apart from this, Fiinovation was awarded the ‘Best Innovation: Product or Service’ for CSR & Sustainability at the World CSR Congress 2014 held in Mumbai, India. The main fiinovation practices are CSR-CSO Partnership; Initiative Design & Management; Monitoring & Evaluation- Need Assessment, Baseline, Mid-line, Endline Study & Impact Assessments, CSR Policy Design, CSR Livelihood, SkillDevelopment, Education, Health, Environment Projects & Initiatives.

Innovative Financial Advisors Pvt. Ltd. provides fiinovation jobs in Relationship manager, Senior manager, human resources manager, project developer, Data analyst, program manager, Business development manager, and Senior project manager.

In fiinovation glassdoor reviews, every employee who is working at fiinovation said, “Good pay, increment on time, best office infrastructure I have ever noticed, No pay disparity, structured company, best work life balance, Good Environment, supporting manager and good salary, Brand value in this CSR Industry, Growth opportunities, Employee centric, Have fun working here, Leaves are never an issue, Come on time and go on time, No need to extend beyond office hours, People care about each other, The seniors actually care for you and encourage you to grow and move up in the company, Flexibility in using all your vacation and personal days, I've been with Fiinovation for 4.5 years and I've held numerous positions here. The opportunity for growth is amazing, as long as you put the work in and show your efforts to deliver the work on time, The work environment is always cordial and full of learning challenges, Office timings are good, It starts sharp at 9:30 and ends at 5:30, Highly professional people to work around, Proper rules and policies for employee benefits, Great place to work with good employee benefits and good working culture, The company is helping NGOs to run projects by funding them,The best part is you can learn something new more related to social sector, Very Cooperative team to work with and found the most innovative approach form the programmes team to execute my project successfully on time, I have been working at Fiinovation full-time (Less than a year). Lots of training and great leadership.”

This fiinovation reviews shows the friendly company environment, which is what every employee wants. Fiinovation family working on many solutions are Analytics, grant management, programme management, proposal research laboratory, and project optimization.

We can contact Fiinovation through their social media sites like Facebook, Twitter, Linkedin as they keep transparency about their work.

Following are the Links:

Fiinovation Facebook

Fiinovation Twitter

Fiinovation Linkedin

Fiinovation Okhla,delhi address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India

Fiinovation Blogs: How to improve financial performance Measures for 2020

 

Innovative Financial Advisors Pvt. Ltd (Fiinovation), is a leading research and advisory firm that offers expertise in the corporate social responsibility (CSR) and sustainability domain. According to Fiinovation, financial performance is very important because understanding essential financial performance is the first step that leads you to where you are. Fiinovation family working on many solutions are Analytics, grant management, programme management, proposal research laboratory, and project optimization. The primary focus of fiinovation practice areas is health, education, livelihood skills, and environment. Fiinovation believes that mentioned CSR trends are more impactful for 2020. For this, key performance indicators are also important to reach the particular target but not all KPI’s are suitable for the firm, there are some few KPIs used for business. It depends on firm strategies on how to make use of KPIs. To determine this, you should consider where your business currently stands and its future strategy (i.e. have you created products yet? Are you expanding? Downsizing? etc.). Then, you’ll want to make sure that you have both leading and lagging indicators to measure performance. Fiinovation CEO Dr. Soumitro Chakraborty and his team are working for new upcoming projects and are also honoured with many awards for their work. You can see reviews on Fiinovation glassdoor. 

Financial performance is defined as, “Financial performance is a subjective measure of how well a firm can use assets from its primary mode of business and generate revenues. The term is also used as a general measure of a firm's overall financial health over a given period.” There are many ways to understand the financial measures, but before understanding financial measures let's understand KPIs. KPI stands for Key performance indicator, there are several methods included in KPIs such as operating cash flow, debt to equity ratio, current ratio, days sales outstanding, working capital, accounts payable turnover, accounts receivable turnover, inventory turnover, return on equity, and customer satisfaction. A key performance indicator is a measurable value that demonstrates how effectively a company is achieving key business objectives. Organizations use KPIs at multiple levels to evaluate their success at reaching targets. High-level KPIs may focus on the overall performance of the business, while low-level KPIs may focus on processes in departments such as sales, marketing, HR, support and others.

According to solvexia, Some KPIs for financial performance,

1. Operating Cash Flow: Knowing how much cash you have on hand lets you know that you can pay for operating expenses and incoming inventory. Beyond how your business is functioning today, you can use operating cash flow in comparison to capital investments to see how you can move your business forward. 

2. Current Ratio: This is the ratio between your assets over your liabilities. It allows you to understand solvency and ensure that you have a good enough credit rating to expand. 

3. Debt to Equity Ratio: Your business has likely relied on investors and shareholders with a stake in your overall financial health. To make sure that you can protect their investment, you want to regularly check in with your total liabilities against your shareholder’s equity. To remain transparent and be held accountable, it’s a KPI that your shareholders will want to stay abreast of. Automation technology makes it easy to share reports with all those who need to see them automatically.

4. Days Sales Outstanding: DSO defines the average sales collection period. This KPI is not only useful to you as CFO, but your whole team can also use it to understand how to incentivise people to pay faster. Your marketing and sales team should be aware of this KPI always, especially when introducing new campaigns. This is why it’s essential to have accessible dashboards, so every team member can pull insights they need for their own decisions that will affect the business’ bottom line. 

5. Working Capital: If you subtract your current liabilities from your existing assets, you have your working capital. This will let you know if you have what you need to take care of short-term liabilities. 

6. Accounts Payable Turnover: Your cash flow is affected by when and how many times you pay vendors. This is known as your accounts payable turnover. 

7. Accounts Receivable Turnover: Going hand-in-hand with accounts payable turnover is accounts receivable turnover, or how often you collect money that is owed. It may be the case that you are running into issues raising money, and that will affect your cash flow. To better understand if your business process is right or if you may need business process improvement, you should regularly monitor this situation with the help of automated means.

8.Customer Satisfaction: The KPI of customer satisfaction can be gleaned by calculating customer responses from surveys. 

9. Inventory Turnover: By dividing your current average sales by your current average inventory in the same period, you get an idea of your inventory turnover. You don’t want to hold too much inventory as a liability, nor do you want to be short to satiate consumer demand. 

10. Return on Equity: Comparing your net income to each unit of shareholder equity lets you understand whether or not your net income is appropriate for your business’ size. Not only does it inform you about profitability, but it also gives insight into how efficient you’re financially managing the business. 

We can contact Fiinovation through their social media sites like Facebook, Twitter, Linkedin as they keep transparency about their work.

Following are the Links:

Fiinovation Facebook

Fiinovation Twitter

Fiinovation Linkedin

Fiinovation Delhi NGO address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India

Fiinovation CSR - Top 5 Corporate Social Responsibility 2020

 

In 2019, Corporate social responsibility trends are too different as compared to CSR trends 2020. CSR trends in 2019 are better dialogue, more learning, more disaster prevention, greater equity and the growing importance of Generation Z-ers. These CSR concepts easily held media attention and the trends that were ideally impactful. We all know that CSR trends should be strategic because more strategic the more impactful. In 2020, Corporations or organization's provide big financial donations for social work. Innovative Financial Advisors Pvt. Ltd. (Fiinovation) is a global consulting company operating in multiple disciplines of the social development sector with emphasis on CSR and Sustainability. According to fiinovation, in this year lots of fiinovation CSR activities are performed by corporations and organizations such as Sandvik Asia, SMS India pvt, Admitad India who provided relief funds to the affected areas with fiinovation. They were present with fiinovation to provide a relief fund. The COVID-19 pandemic has changed the world in many ways. Due to COVID- 19 pandemic, several countries across the world have declared lockdown. Due to lockdown billions of people who are now sitting at home, and lots of businesses who are shutting down and ceasing almost all economic activity.

Here are top 5 Corporate social responsibility trends,

1. Sustainable Development Goals
2. Synergistic Approach
3. Measurement
4. Corporate Activism
5. Employee Volunteer Programs

Fiinovation provides its services to both corporations and civil society organizations (CSOs) in carrying out field research studies, forging alliances, designing CSR policy of corporations. The primary focus of fiinovation practice areas is health, education, livelihood skills, and environment. Fiinovation believes that mentioned CSR trends are more impactful for 2020. Fiinovation CSR activities are appreciated by many corporates and the Fiinovation news about their latest projects is also covered by well-known media channels like ANI News and economic times. Fiinovation family bridges the gap between the NGO and the companies and gives proper guidance to invest in the CSR activities which will benefit the society.

Sustainable Development Goals: Sustainable development goals include ending poverty and hunger,providing global access to quality education, promoting health and well-being, taking climate action, reducing inequalities, building public-private partnerships to reach these goals. The main focus of leaders in related to SDGs is in order to achieve goals is “action and delivery for sustainable development and pledged to mobilize financing, enhance national implementation and strengthen institutions”.

Synergistic Approach: In 2020, companies are always focusing on CSR strategies that are helpful in their business perspective with solving relevant social problems at scale. Companies are always looking for opportunities to contribute to society. Synergistic approach is helpful to boost both social impact and stock market performance.

Measurement: According to the Michelle DiSabato, Impact Advisory Services at Blackbaud, “As I look ahead to the next few years, I see companies’ adoption of impact measurement and the SDGs as becoming more and more critical.Those companies that ignore this call to action and continue to not integrate their CSR activities as a core function of their business will see themselves left behind.”

Corporate Activism: Corporate activism always increases the hiring activism, employee loyalty, and long-term sales.

Employee Volunteer Programs: Company-organized employee volunteer opportunities continue to be an under-tapped opportunity and, thus, we will see this 2019 CSR trend continue into 2020 as more businesses adopt this practice. Not only can employee volunteer programs make a massive, positive impact on a company’s corporate social responsibility programs, brand image, and recruitment/retention, but companies are treating these initiatives also as team-building activities. In addition to improving morale and culture, there is an opportunity to encourage cross-departmental collaboration and relationships by placing employees from different teams together on these volunteer days.

Fiinovation CEO Dr. Soumitro Chakraborty and his team are working for new upcoming projects and are also honoured with many awards for their work.We can contact Fiinovation through their social media sites like Facebook, Twitter, Linkedin as they keep transparency about their work.

Following are the Links:

Fiinovation Facebook

Fiinovation Twitter

Fiinovation Linkedin

Fiinovation Delhi NGO address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India

Fiinovation twitter - why #rejectNEP is trending on Twitter?

Some people who have want to reject the National Educational policy because they think it will promote child labour and exploitation in the name of “Internships” in India, this imposes Hindi on entire India, this will make education more expensive, no reservation in SC, ST and OBC category, dilution of India constitution, communalisation of education, Financial autonomy, etc. In reality, the National Educational Policy 2020 will make positive changes in the Indian education system.

Fiinovation CSR is always focusing on educational campaigns, such as providing funds to child welfare trust NGOs and conducting child protection programmes. Fiinovation supports #supportNEP 2020 because education is the main key to make students more knowledgeable, achieve high goals in the future.

The vision of National Education policy 2020

“The vision of the Policy is to instil among the learners a deep-rooted pride in being Indian, not only in thought, but also in spirit, intellect, and deeds, as well as to develop knowledge, skills, values, and dispositions that support responsible commitment to human rights, sustainable development and living, and global well-being, thereby reflecting a truly global citizen.”

This policy envisages that the extant 10+2 structure in school education will be modified with a new pedagogical and curricular restructuring of 5+3+3+4 covering ages 3-18.

The curricular and pedagogical structure of school education will be reconfigured to make it responsive and relevant to the developmental needs and interests of learners at different stages of their development, corresponding to the age ranges of 3-8, 8-11, 11-14, and 14-18 years, respectively. The curricular and pedagogical structure and the curricular framework for school education will, therefore, be guided by a 5+3+3+4 design, consisting of the Foundational Stage (in two parts, that is, 3 years of Anganwadi/pre-school + 2 years in a primary school in Grades 1-2; both together covering ages 3-8), Preparatory Stage (Grades 3-5, covering ages 8-11), Middle Stage (Grades 6-8, covering ages 11-14), and Secondary Stage (Grades 9-12 in two phases, i.e., 9 and 10 in the first and 11 and 12 in the second, covering ages 14-18). The Foundational Stage will consist of five years of flexible, multilevel, play/activity-based learning and the curriculum and pedagogy of ECCE. The Preparatory Stage will comprise three years of education building on the play, discovery, and activity-based pedagogical and curricular style of the Foundational Stage, and will also begin to incorporate some light textbooks as well as aspects of more formal but interactive classroom learning, in order to lay a solid groundwork across subjects, including reading, writing, speaking, physical education, art, languages, science, and mathematics. The Middle Stage will comprise three years of education, building on the pedagogical and curricular style of the Preparatory Stage, but with the introduction of subject teachers for learning and discussion of the more abstract concepts in each subject that students will be ready for at this stage across the sciences, mathematics, arts, social sciences, and humanities. Experiential learning within each subject, and explorations of relations among different subjects, will be encouraged and emphasized despite the introduction of more specialized subjects and subject teachers. The Secondary Stage will comprise four years of multidisciplinary study, building on the subject-oriented pedagogical and curricular style of the Middle Stage, but with greater depth, greater critical thinking, greater attention to life aspirations, and greater flexibility and student choice of subjects. In particular, students would continue to have the option of exiting after Grade 10 National Education Policy 2020 12 and re-entering in the next phase to pursue vocationally or any other courses available in Grades 11- 12, including at a more specialized school.

Fiinovation practices primarily focus on practice areas like health, education, livelihood skills and environment. New education policy believes students should get more practical knowledge through internships. It makes students more knowledgeable in their perspective field. These pedagogical practices help students in developing skills such as collaboration, self-initiative, self-direction, self-discipline, teamwork, responsibility, citizenship, etc. To providing internship to students at a young age is not supports child labour work but it helps students to adopt new skills in young age. Also, financial support will be provided by the government to various critical elements and components of education, such as ensuring universal access, learning resources, nutritional support, matters of student safety and well-being, adequate numbers of teachers and staff, teacher development, and support for all key initiatives towards equitable high-quality education for underprivileged and socioeconomically disadvantaged groups. Also, NEP 2020 said that “The matter of commercialization of education has been dealt with by the Policy through multiple relevant fronts, including the ‘light but tight’ regulatory approach that mandates full public self-disclosure of finances, procedures, course and programme offerings, and educational outcomes; the substantial investment in public education; and mechanisms for good governance of all institutions, public and private. Similarly, opportunities for higher cost recovery without affecting the needy or deserving sections will also be explored. ” Education activities are mentioned in Fiinovation Blogs that explain how solving social problems is their first responsibility. Fiinovation mentioned how new education policy builds new educational agenda that develops students' bright future. Fiinovation CEO  Dr. Soumitro Chakraborty and team are honoured by many awards in the field of Health, Education, Environment and Livelihood with a focus on CSR & Sustainability.

 We can contact Fiinovation through their social media sites like Facebook, Twitter, Linkedin as they keep transparency about their work.

Following are the Links:

Fiinovation Facebook

Fiinovation Twitter

Fiinovation Linkedin

Fiinovation Delhi NGO address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India

Fiinovation CSR - Opportunities and threats of corporate social responsibility in India

 

In this modern era, Consumer is the king. Every company is incomplete without consumer, employees, stakeholders, society, suppliers, distributors etc. The company’s success and survival are in the hands of consumers.  If the companies will do well for the society, environment, government, stakeholders, consumers and suppliers, etc. then only it will be able to achieve its goals otherwise it will not survive for long. Nowadays, companies are taking initiatives for the CSR activities and they know their responsibilities and duties and they are also trying to contribute more and more for them. CSR has come a long way in India.  India is the first country to legally mandate corporate social responsibility. CSR is divided into three theories such as utilitarian theory, managerial theory and relational theory. The utilitarian theory explains social cost and idea for functionalism and neo-functionalism, the managerial theory explains political approaches, globalization pressure, and domestic political structures, and the relational theory explains the related environment. Fiinovation aims “To ensure that development is not only sustainable and simplistic, but accessible as well”. Fiinovation practices include health, education, livelihood, and environmental skills.

Corporate social responsibility is the positive activity which is performed by any company, business or organization that affects the employees, society, local authorities, environment and economy positively. Fiinovation CSR is related to making sustainable development, improvement of human society, local community and contribution in the eradication of social evils and by not forgetting the rules and regulations and law. There are many companies who are engaging themselves in this activity at higher levels and contributing to society, utilizing and managing in a better way. CSR programs can be related to education, environment, health care, infrastructure, protection and technology awareness etc. There are three main concepts where companies usually focused on are human resource management, environmental management and social distribution. Human resource management consists of providing a safe and friendly working environment to customers, suppliers and employees, to value corporate culture, to ensure maximum satisfaction to customers, and to provide an authoritative explanation. The social contribution consists of providing welfare of the society, contribution to local communities and authorities, good corporate citizenship, and assisting for reconstruction after a disaster Fiinovation projects. Environmental management consists of providing efforts to achieve low carbon society, recycling of wastes and scrap Bio-conservation activity, make use of efficient energy tools etc.

 The corporate world realized that today’s scenario of globalization needs CSR and without the presence of CSR, company’s can’t compete effectively and efficiently in the market. CSR strategies are helpful for future decisions related to investments,  competing with MNCs, increasing international relationships, enhancing creditworthiness, reputation, recognition and building a brand image, etc. Fiinovation CSR helps to create lots of opportunities for companies or businesses, such as better visibility of the business in all areas, the better impact of the brand image of the business house on the minds of customers, deep understanding of mutual dependency and highest potential of mutual benefits. Sometimes CSR creates the risk such as, we all know India is the first country to legally mandate CSR that makes CSR spending compulsory as a percentage of their annual profit and for these rules and regulations are strict. Some companies still may be using old CSR language, not keeping up with new buzzwords. Business operations can be slowed by the internal bureaucracy created by CSR. Core competencies and less photogenic operations can be ignored.

Innovative Financial Advisors Pvt. Ltd. (Fiinovation) is a global consulting company operating in multiple disciplines of the social development sector with an emphasis on CSR and Sustainability. Fiinovation was established in 2008, by Dr. Soumitro Chakraborty. It basically focuses on social problems such as age, gender, equality, livelihood for women,  waste management, rain harvesting, open defecation, disaster management, rural tourism,  impact on health, manual scavenging, affirmative action, antenatal care, agriculture development,  etc. Fiinovation projects have mentioned all their projects based on social problems. Fiinovation’s main specialities are CSR-CSO Partnership, Initiative Design & Management, Monitoring & Evaluation- Need Assessment, Baseline, Mid-line, Endline Study & Impact Assessments, CSR Policy Design, CSR Livelihood, Skill Development, Education, Health,  Environment Projects & Initiatives. Simplicity, transparency, and quality are three morals shown in every Fiinovation project. Fiinovation CEO  Dr. Soumitro Chakraborty and team are honoured by many awards in the field of Health, Education, Environment and Livelihood with a focus on CSR & Sustainability.  Many corporates, organizations and NGOs have appreciated Fiinovation CSR activity projects and are also covered by well-known media channels too.  Corporate social responsibility activities are mentioned in Fiinovation Blogs that explains how solving social problems is their first responsibility. 

We can contact Fiinovation through their social media sites like Facebook, Twitter, Linkedin as they keep transparency about their work.

Following are the Links:

Fiinovation Facebook

Fiinovation Twitter

Fiinovation Linkedin

Fiinovation Delhi NGO address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India