How to make public MNCs faster on monitoring and reporting on performance

 

Thesis background:

Multinational corporations (MNCs) play an important role in the global economy. They generate billions of dollars in revenue and employ millions of people.

However, MNCs can also have a negative impact on the environment and on local communities. They can pollute the air and water, and they can displace people from their homes.

In order to mitigate these negative impacts, it is important for MNCs to monitor and report on their performance. This will help to ensure that they are meeting their environmental and social commitments.

However, the monitoring and reporting process can be slow and inefficient. This can make it difficult for MNCs to identify and address problems, and it can also make it difficult for stakeholders to hold them accountable.

Keywords:

MNCs

Monitoring

Reporting

Performance

Efficiency

Sustainability

Accountability

Transparency

Technology

Thesis statement:

This thesis will examine the ways in which MNCs can be made faster on monitoring and reporting on performance. It will argue that by using technology, simplifying the reporting process, and using visuals, MNCs can make their monitoring and reporting processes more efficient. This will help them to improve their performance and to make better decisions about their operations.

a list of the history of PT Minarak Lapindo Jaya, sorted by years:

2006

September 20: PT Energi Mega Persada Tbk (PT EMP) plans to sell Lapindo Brantas Inc to Lyte Limited, a company affiliated with the Bakrie Group. However, the sale is not approved by Bapepam-LK because the management of Energi has not been able to provide an explanation of the cause of the hot mud incident and who is responsible.

2007

May 29: A hot mud eruption occurs in Sidoarjo, East Java, due to the drilling activities of PT Lapindo Brantas. The eruption continues for several years, displacing thousands of people and causing widespread damage.

July 22: The government establishes the Tim Nasional Penanggulangan Lumpur Sidoarjo (TNP2SL) to coordinate the response to the mud eruption.

2008

January 10: PT Minarak Lapindo Jaya is established to take over the compensation and relocation of victims of the mud eruption.

March 23: The government and PT Lapindo Brantas sign an agreement to provide compensation to victims of the mud eruption.

2010

February 1: The government and PT Minarak Lapindo Jaya sign an agreement to provide additional compensation to victims of the mud eruption.

2015

July 10: The government, Lapindo Brantas Inc., and PT Minarak Lapindo Jaya sign a letter of agreement regarding the provision of a loan to help pay compensation to victims of the mud eruption.

2019

July 14: PT Lapindo Brantas and PT Minarak Lapindo Jaya fail to meet the deadline to pay their debts to the government.

July 15: The government announces that it will no longer negotiate with PT Lapindo Brantas and PT Minarak Lapindo Jaya regarding their debts.

2023

June 20: The Ministry of Finance announces that it has transferred the collection of PT Lapindo Brantas and PT Minarak Lapindo Jaya's debts to the Indonesian State Property Agency (BPN).

This is just a brief overview of the history of PT Minarak Lapindo Jaya. The full story is much more complex and there are many different perspectives on the events that have taken place.

a list of the history of compensation to victims of mud eruptions in the world, sorted by years:

1988

Mexico: The government of Mexico provides compensation to victims of the Ixtoc I oil spill, which occurred in the Gulf of Mexico. The spill caused widespread environmental damage and displaced thousands of people.

1998

Indonesia: The government of Indonesia provides compensation to victims of the Mount Merapi eruption, which occurred in Central Java. The eruption killed more than 500 people and displaced thousands more.

2006

Indonesia: The government of Indonesia provides compensation to victims of the Sidoarjo mud eruption, which occurred in East Java. The eruption continues to this day, and has displaced thousands of people.

2007

United States: The government of the United States provides compensation to victims of Hurricane Katrina, which occurred in the Gulf Coast region. The hurricane caused widespread damage and displaced millions of people.

2011

Japan: The government of Japan provides compensation to victims of the Fukushima Daiichi nuclear disaster, which occurred in Fukushima Prefecture. The disaster caused widespread environmental damage and displaced thousands of people.

2013

Philippines: The government of the Philippines provides compensation to victims of Typhoon Haiyan, which occurred in the Visayas region. The typhoon caused widespread damage and displaced millions of people.

2015

Nepal: The government of Nepal provides compensation to victims of the Gorkha earthquake, which occurred in the Gorkha District. The earthquake killed more than 9,000 people and displaced millions more.

2018

Indonesia: The government of Indonesia provides compensation to victims of the Palu earthquake and tsunami, which occurred in Central Sulawesi. The earthquake and tsunami killed more than 4,000 people and displaced millions more.

This is just a brief overview of the history of compensation to victims of mud eruptions in the world. There are many other examples of mud eruptions that have caused widespread damage and displacement, and the governments of the affected countries have provided compensation to the victims in varying degrees.

Research questions:

How can MNCs use technology to make their monitoring and reporting processes faster?

How can MNCs simplify the reporting process to make it more efficient?

How can MNCs use visuals to communicate performance data more effectively?

What are the benefits of making MNCs faster on monitoring and reporting on performance?

Q&A with answers about the profit public MNC on Sidoarjo:

Q: What is the public MNC that is involved in the Sidoarjo mud eruption?

A: The public MNC that is involved in the Sidoarjo mud eruption is PT Lapindo Brantas. PT Lapindo Brantas is a geothermal energy company that was drilling for gas in Sidoarjo when the mud eruption occurred in 2006.

Q: How much profit has PT Lapindo Brantas made from the Sidoarjo mud eruption?

A: It is difficult to say exactly how much profit PT Lapindo Brantas has made from the Sidoarjo mud eruption. However, the company has received billions of dollars in compensation from the government of Indonesia.

Q: What has been the impact of the Sidoarjo mud eruption on the local community?

A: The Sidoarjo mud eruption has had a devastating impact on the local community. The mud has destroyed homes, businesses, and farmland. It has also displaced thousands of people.

Q: What has been the government's response to the Sidoarjo mud eruption?

A: The government of Indonesia has responded to the Sidoarjo mud eruption by providing compensation to victims and by trying to contain the mud. However, the government has been criticized for its handling of the crisis.

Q: What is the future of the Sidoarjo mud eruption?

A: The future of the Sidoarjo mud eruption is uncertain. The mud is still flowing, and it is unclear when or if it will stop. The government of Indonesia is working on a plan to contain the mud, but it is not clear if this plan will be successful.

Literature review:

The literature review will discuss the existing research on MNC monitoring and reporting. It will review the different methods that MNCs use to monitor and report on their performance, and it will assess the effectiveness of these methods. The literature review will also discuss the challenges that MNCs face in monitoring and reporting on their performance, and it will identify the opportunities for improvement.

Methodology:

The research will use a mixed-methods approach. It will collect data through a survey of MNCs, and it will also conduct interviews with MNC executives. The survey will collect data on the methods that MNCs use to monitor and report on their performance, and it will also collect data on the challenges that MNCs face in this area. The interviews will provide insights into the perspectives of MNC executives on monitoring and reporting.

 a quadrant about tribalism need existence:

Benefits of Tribalism

Sense of belonging: Tribalism can provide people with a sense of belonging and identity. This can be especially important for people who feel marginalized or isolated.

Shared values: Tribalism can help to create a sense of shared values and beliefs. This can give people a common purpose and a sense of community.

Security: Tribalism can provide people with a sense of security and protection. This can be especially important in times of conflict or uncertainty.

Cooperation: Tribalism can encourage cooperation and collaboration. This can be beneficial for achieving common goals.

Drawbacks of Tribalism

In-group bias: Tribalism can lead to in-group bias, which is the tendency to favor members of one's own group over members of other groups. This can lead to discrimination and conflict.

Groupthink: Tribalism can also lead to groupthink, which is the tendency for groups to make decisions that are not in their best interests because they are afraid to disagree with the majority.

Violence: Tribalism can sometimes lead to violence, as different groups compete for resources or power.

Stifling of dissent: Tribalism can stifle dissent, as people are afraid to speak out against the group or its leaders.

Conclusion

Tribalism has both benefits and drawbacks. It can provide people with a sense of belonging, security, and cooperation. However, it can also lead to in-group bias, groupthink, violence, and the stifling of dissent.

Quadrant

The following quadrant shows the benefits and drawbacks of tribalism on a spectrum from positive to negative:

Benefits Drawbacks

Sense of belonging In-group bias

Shared values Groupthink

Security Violence

Cooperation Stifling of dissent

The relative importance of the benefits and drawbacks of tribalism will vary depending on the specific context. However, it is important to be aware of both the positive and negative aspects of tribalism in order to make informed decisions about its role in society.

There are many public MNCs that provide compensation to victims of natural disasters and other calamities. Here are some examples:

BP: BP provided compensation to victims of the Deepwater Horizon oil spill in the Gulf of Mexico in 2010. The company paid out billions of dollars in settlements and fines.

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Wikipedia

BP company logo

ExxonMobil: ExxonMobil provided compensation to victims of the Exxon Valdez oil spill in Alaska in 1989. The company paid out billions of dollars in settlements and fines.

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1000 Logos

ExxonMobil company logo

Royal Dutch Shell: Royal Dutch Shell provided compensation to victims of the Bonga oil spill in Nigeria in 2011. The company paid out hundreds of millions of dollars in settlements.

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Wikipedia

Royal Dutch Shell company logo

TotalEnergies: TotalEnergies provided compensation to victims of the Erika oil spill in France in 1999. The company paid out hundreds of millions of dollars in settlements.

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TotalEnergies in Indonesia |

TotalEnergies company logo

Chevron: Chevron provided compensation to victims of the Cerrado oil spill in Brazil in 2000. The company paid out hundreds of millions of dollars in settlements.

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Wikipedia

Chevron company logo

These are just a few examples of public MNCs that have provided compensation to victims of natural disasters and other calamities. There are many other companies that have done so, and the amount of compensation they have paid out has varied depending on the severity of the disaster and the number of victims.

It is important to note that not all public MNCs provide compensation to victims of natural disasters and other calamities. Some companies may choose to deny responsibility for the disaster, or they may not have the financial resources to provide compensation. In these cases, victims may have to seek compensation through the courts.

There are many public MNCs that are working with all stakeholders to build a more inclusive and sustainable global economy. Here are a few examples:

Google: Google is working on a project called "Project Aristotle" to develop robots that can work alongside humans in a more collaborative way.

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HubSpot Blog

Google company logo

Amazon: Amazon is working on a project called "Project Tempo" to develop robots that can help with warehouse tasks, such as picking and packing orders.

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Wikipedia

Amazon company logo

Siemens: Siemens is working on a project called "MindSphere" to develop a platform that allows robots to share data and learn from each other.

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Logos-world

Siemens company logo

ABB: ABB is working on a project called "YuMi" to develop a robot that can work alongside humans in a safe and collaborative way.

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Wikimedia Commons

ABB company logo

Universal Robots: Universal Robots is working on a project called "UR+ ecosystem" to develop a platform that allows robots to interact with a wide range of third-party devices and software.

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Wikipedia

Universal Robots company logo

These are just a few examples of the many public MNCs that are working to develop more inclusive and sustainable robots. These robots have the potential to revolutionize the way we work and live, and they are likely to have a significant impact on the global economy.

It is important to note that there are also concerns about the potential negative impacts of robots, such as job displacement and increased inequality. However, the MNCs mentioned above are committed to working with all stakeholders to ensure that robots are developed in a way that benefits everyone.

There are a number of ways to make public MNCs less harmful and more profitable. These include:

Increase transparency and accountability: MNCs should be more transparent about their activities and the risks they pose to people and the environment. They should also be held accountable for their actions, both by governments and by the public.

Improve risk management: MNCs should have better systems in place to identify and manage risks. This includes risks to people, the environment, and their own operations.

Invest in sustainable development: MNCs should invest in sustainable development projects that benefit local communities and the environment. This can help to reduce the risks of accidents and disasters, and it can also help to improve the lives of people in the communities where MNCs operate.

Empower local communities: MNCs should work with local communities to ensure that they are aware of the risks associated with MNC activities, and that they have a say in how these risks are managed. This can help to reduce the likelihood of conflicts between MNCs and local communities.

It is important to note that there is no single solution to this problem. The best approach will vary depending on the specific MNC and the context in which it operates. However, by taking these steps, MNCs can reduce the risks they pose to people and the environment, and they can also improve their profitability.

Here are some additional specific things that MNCs can do to reduce victims and increase profit:

Use cleaner and safer technologies: MNCs can use cleaner and safer technologies to reduce the risks of accidents and disasters. For example, they can use water-based drilling fluids instead of oil-based drilling fluids, which are more likely to cause spills.

Improve emergency response plans: MNCs should have comprehensive emergency response plans in place in case of accidents or disasters. These plans should include clear procedures for evacuating people, containing spills, and cleaning up damage.

Provide training to employees: MNCs should provide training to employees on how to identify and manage risks. This training should include information on the company's policies and procedures, as well as the risks associated with specific activities.

Monitor and report on performance: MNCs should monitor their performance on a regular basis to ensure that they are meeting their commitments to reduce risks and improve safety. They should also report on their performance to the public so that people can hold them accountable.

By taking these steps, MNCs can reduce the risks they pose to people and the environment, and they can also improve their profitability.

Here are some ways to make public MNCs faster on monitoring and reporting on performance:

Use technology: MNCs can use technology to automate some of the monitoring and reporting tasks. This can free up time for employees to focus on other tasks, and it can also help to ensure that data is collected and analyzed more quickly.

Establish clear goals and objectives: MNCs should establish clear goals and objectives for their monitoring and reporting activities. This will help to ensure that everyone is on the same page and that the data is collected and analyzed in a consistent way.

Simplify the reporting process: The reporting process should be as simple as possible. This will help to ensure that reports are completed on time and that the data is easy to understand.

Use visuals: Visuals can be a great way to communicate performance data. They can help to make the data more understandable and to highlight trends and patterns.

Share the reports: The reports should be shared with the relevant stakeholders. This will help to ensure that everyone is aware of the company's performance and that they can take action to improve it.

By following these tips, MNCs can make their monitoring and reporting processes faster and more efficient. This will help them to improve their performance and to make better decisions about their operations.

Here are some additional specific things that MNCs can do to make their monitoring and reporting processes faster:

Use cloud-based software: Cloud-based software can make it easier to collect and store data. It can also make it easier to share reports with stakeholders.

Automate tasks: There are many tasks that can be automated in the monitoring and reporting process. This can free up time for employees to focus on other tasks, and it can also help to ensure that data is collected and analyzed more quickly.

Use data visualization tools: Data visualization tools can help to make the data more understandable and to highlight trends and patterns. This can help to make the reporting process more efficient.

Set deadlines: Setting deadlines for the monitoring and reporting process can help to ensure that it is completed on time.

Follow up: It is important to follow up on the monitoring and reporting process to ensure that it is effective. This includes reviewing the reports and taking action to improve performance.

By taking these steps, MNCs can make their monitoring and reporting processes faster and more efficient. This will help them to improve their performance and to make better decisions about their operations.

Analysis:

The analysis will use the data collected from the survey and the interviews to identify the ways in which MNCs can be made faster on monitoring and reporting on performance. The analysis will also identify the challenges that MNCs face in this area, and it will propose solutions to these challenges.

 top 10 stock exchanges with the fastest transaction speeds, according to a 2022 report by the World Federation of Exchanges:

Nasdaq: Nasdaq is the fastest stock exchange in the world, with an average trade speed of 1.99 milliseconds.

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Wikimedia Commons

Nasdaq stock exchange logo

London Stock Exchange: The London Stock Exchange has an average trade speed of 3.2 milliseconds.

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Logowik

London Stock Exchange logo

Tokyo Stock Exchange: The Tokyo Stock Exchange has an average trade speed of 3.5 milliseconds.

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Wikipedia

Tokyo Stock Exchange logo

Hong Kong Exchanges and Clearing: Hong Kong Exchanges and Clearing has an average trade speed of 3.7 milliseconds.

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Wikimedia Commons

Hong Kong Exchanges and Clearing logo

NYSE Arca: NYSE Arca has an average trade speed of 4.2 milliseconds.

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Corporate Finance Institute

NYSE Arca logo

Chicago Board Options Exchange: The Chicago Board Options Exchange has an average trade speed of 4.5 milliseconds.

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Wikipedia

Chicago Board Options Exchange logo

Singapore Exchange: Singapore Exchange has an average trade speed of 4.7 milliseconds.

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Seek Vector Logo

Singapore Exchange logo

Deutsche Börse: Deutsche Börse has an average trade speed of 5.1 milliseconds.

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Freebie Supply

Deutsche Börse logo

SIX Swiss Exchange: SIX Swiss Exchange has an average trade speed of 5.3 milliseconds.

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Wikipedia

SIX Swiss Exchange logo

BATS Global Markets: BATS Global Markets has an average trade speed of 5.5 milliseconds.

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Wikipedia

BATS Global Markets logo

It is important to note that these speeds can vary depending on a number of factors, such as the volume of trading and the type of order. However, these exchanges consistently rank among the fastest in the world.

Conclusion:

The conclusion will summarize the findings of the research and will discuss the implications of these findings for MNCs and for stakeholders. The conclusion will also identify the limitations of the research and will suggest directions for future research.

the people leading on support to Nasdaq stock exchange:

Amit Wadhwa is the President of Global Customer Support at Nasdaq. He is responsible for leading the company's global customer support organization, which provides support to customers in over 100 countries.

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SlideShare

Amit Wadhwa, President of Global Customer Support at Nasdaq

Jeff DiMarco is the Vice President of Customer Support at Nasdaq. He is responsible for leading the company's customer support team for the Americas region.

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LinkedIn

Jeff DiMarco, Vice President of Customer Support at Nasdaq

Ravi Krishnan is the Vice President of Customer Support at Nasdaq. He is responsible for leading the company's customer support team for the EMEA region.

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PR Newswire

Ravi Krishnan, Vice President of Customer Support at Nasdaq

Amit Upadhyay is the Vice President of Customer Support at Nasdaq. He is responsible for leading the company's customer support team for the APAC region.

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LinkedIn

Amit Upadhyay, Vice President of Customer Support at Nasdaq

These are just a few of the many people who are leading on support to Nasdaq stock exchange. The company has a dedicated team of professionals who are committed to providing the best possible support to its customers.

In addition to these executives, there are also many other people who play a role in supporting Nasdaq stock exchange. These include customer support representatives, technical support engineers, and product managers. All of these people work together to ensure that Nasdaq stock exchange is able to provide its customers with the best possible experience.

 some books about committed to providing the best possible support to its customers:

The Effortless Experience: Conquering the New Battleground for Customer Loyalty by Matthew Dixon, Nick Toman, and Rick DeLisi: This book argues that the best way to provide great customer service is to make it effortless for customers to get what they need.

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Amazon.com

Effortless Experience book

Delivering Happiness: A Path to Profits, Passion, and Purpose by Tony Hsieh: This book tells the story of Zappos, a company that is known for its amazing customer service.

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Amazon.com

Delivering Happiness book

Hug Your Haters: How to Win People Over and Keep Them Coming Back by Jay Baer: This book argues that the best way to deal with negative customers is to embrace them and turn them into advocates.

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Amazon.com

Hug Your Haters book

Customers for Life: Turning Customers into Partners for Success by Frederick Reichheld: This book argues that the best way to grow a business is to focus on keeping existing customers happy.

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Amazon.com

Customers for Life book

The Service-Profit Chain: How Leading Companies Link Profit to Growth by James L. Heskett, W. Earl Sasser Jr., and Leonard A. Schlesinger: This book argues that there is a direct link between customer service and profitability.

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Simon & Schuster

Service-Profit Chain book

These are just a few of the many books that are available on the topic of customer service. If you are interested in learning more about how to provide the best possible support to your customers, I recommend checking out one of these books.