PUBLIC SECTOR STRATEGIC TOP OBJECTIVES Governmental organizations and agencies, as well as local administration and municipalities tend to replace their Strategies and Strategic Plans with shopping lists of actions and projects that they consider to be important. How can more balance be achieved here? First, the move from actions to Strategic Objectives is allowing us to focus on the broader picture. Then, the understanding of the importance of causality that links the Strategic Top Objectives is paramount. This enables us to plan in a more logical sequence the changes that should allow to surmount the anticipated future challenges. A balanced foundation for defining the Strategic Top Objectives in the Public Sector is the OECD Better Life Index that is structured on 11 criteria. To learn more about this: oecdbetterlifeindex.org To dig into more details on the systematic approach to Strategy's management, consider attending the November edition (4-29 Nov) of the Explaining Strategy course. More details, including Fair Pricing Policy enrollment information, on the course website: explaining-strategy.com Also read: CHALLENGE-BASED STRATEGY https://lnkd.in/dFNWcWtr BHAG OR GNARLY PROBLEM? https://lnkd.in/dYr_pnUA
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What the public sector discount rate should be might seem like a niche technical topic for non-economists. However it has real world impacts on all of us as the Government uses it to express the costs and benefits of its investments and policy initiatives that occur over different time periods in today’s dollars. This informs the cost benefit analysis that the Government uses to prioritise which investments and policy initiatives to undertake. However different discount rates will produce different valuations of future benefits and costs which might change these decisions. The public sector discount rate hasn’t changed for over four years. In this piece of thought leadership produced by Adrian Katz as part of NZ Institute of Economic Research (NZIER)’s Public Good Programme looks at why it should be reviewed and what the options are given its role in evidence based decision making. Click on the link below to access the paper.
New Zealand’s public sector discount rate has become unanchored from market interest rates, providing the opportunity for a fresh look. NZIER’s latest Insight, A price on time: Rethinking the public sector discount rate provides an overview of the discussion around the discount rate, highlighting the key issues and approaches that have shaped the debate. https://hubs.ly/Q02PDtC40
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New Zealand’s public sector discount rate has become unanchored from market interest rates, providing the opportunity for a fresh look. NZIER’s latest Insight, A price on time: Rethinking the public sector discount rate provides an overview of the discussion around the discount rate, highlighting the key issues and approaches that have shaped the debate. https://hubs.ly/Q02PDtC40
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The public sector discount rate plays a major role in how government projects are evaluated and prioritised, but has long been the subject of controversy and debate. Interest rates have risen dramatically over recent years, but the NZ Treasury has not updated the discount rate since 2020. The last time interest rates were at today’s level, the discount rate was 8.0% – three percentage points above the current value! My latest Public Good Insight argues that it is time to take a closer look at the discount rate and provides an introduction to the key issues.
New Zealand’s public sector discount rate has become unanchored from market interest rates, providing the opportunity for a fresh look. NZIER’s latest Insight, A price on time: Rethinking the public sector discount rate provides an overview of the discussion around the discount rate, highlighting the key issues and approaches that have shaped the debate. https://hubs.ly/Q02PDtC40
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The report 2024 is out now! Find out what deserves more focus and commitment coming year at least 💥📙💡
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🌟 Public sector procurement is evolving—are you keeping up? From Cornwall's £2.5B care home project to booming energy-efficient contracts, innovation is key. Dive into actionable insights on how to stand out in a competitive field. Stay ahead with strategies to align bids with today’s priorities. Ready to win big? Let’s talk impact, innovation, and opportunity! 👉 Catch all the details in our latest newsletter. https://lnkd.in/dqP6yV7m
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📢 LESS THAN ONE WEEK REMAINS TO SHARE YOUR THOUGHTS! 📢 As highlighted by Simran Singh Vig, Senior Manager of Policy at the Ontario Chamber of Commerce, your participation in the OCC’s 2025 OER Survey is as important as ever! We need YOUR help to understand the major challenges faced across the province, allowing us to understand the short-term outlook, and make specific policy recommendations for the months to come. Complete the short survey before November 29: tinyurl.com/OCC-OER25
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Dear Dr. ‘Bosun Tijani, well done to you and the team on this draft. Just a few thoughts after going through. ✨ Suggested Additions 1. Provisions for digital literacy programs: India's National Digital Literacy Mission (IDLM) which has been adopted as a full-fledged Government scheme, which sets provisions to educate the populace on digital technologies, internet safety, and others, can be incorporated. 2. Support for Startup and SMEs: Programs similar to Singapore's Startup SG can be studied, which introduces incentives, subsidies, and support mechanisms specifically targted at starups and SMEs. This could be in a SOP form and can be contextually updated where need be. 3. Capacity Building in Government Agencies: wherever there is a good idea implemented, there's often always a challenge of continuity. An interative training for government employees to ensure the efficient use of digital tools and technologies can be incoroporated in the bill. 🔑 Suggested Modifications 1. Part III on Electronic Signatures: A suggestion will be to simplify this section to broadly accept digital signatures that comply with international standards. This includes stipulating specific Public Key Infrastructure (PKI), and related standards. In my experience working on Cryptography, standards are extremely key, regardless of implementation. Meanwhile, the procedures for retaining documents, records, and the likes, may overlap with existing best practices and standards for digital records management. It will be great to reference established digital records management standards (such as ISO 15489), rather than detailing specific steps, because that may be prone to irregularities. 2. In terms of the licencing requirements, it will be great to introduce a tiered system, for example, one that provides an easier entry for small businesses and startups, and creates more rigorous requirements for larger enterprises. A self-regulatory policy framework, with periodic audits is more optimal than an upfront exhaustive licensing. 3. In terms of mandatory local data storage, it may be better to allow data to be stored on international servers, that comply with local data protection standards. Like an hybrid allowance. One way to implement this in the interim, is to implement cross-border data flow agreements - which should incorporate the existing standardized NDPR framework, in my opinion. So we're not replicating efforts. 4. Finally, in terms of Cybersecurity standards, a one-size-fits-all cybersecurity requirment may not be suitable for all types of businesses and may be costly to implement. It will be great to adopt a flexible, risk-based approach to cybersecurity that allows businesses to implement measures proportionate to their risk profile. However, adherence to international cybersecurity frameworks like the NIST Cybersecurity Framework, should be mandated. My 2-Cent and hope this sees fruition. Have a great weekend and week ahead.
Following the first stakeholder engagement with the media on the Digital Economy & e-Governance Bill, we are pleased to formally release the draft bill to the general public for review and input as it goes through the various stages of reading at the National Assembly. This release is ahead of the Ministry’s plan for this bill to be taken round the country to ensure inclusive and wide ranging input and understanding, and its impact and benefits to the growth of our digital economy. We look forward to receiving and collating your feedback through various channels including here on LinkedIn as well as through the email address: policy@fmcide.gov.ng
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Getting value from the process of changing rates is an objective of a successful cost-of-service study. https://lnkd.in/ghrbR-qf What are best practices in the industry when it comes to rate study practices? Here are some insights.
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this will certainly transform the Nigerian digital landscape.
Following the first stakeholder engagement with the media on the Digital Economy & e-Governance Bill, we are pleased to formally release the draft bill to the general public for review and input as it goes through the various stages of reading at the National Assembly. This release is ahead of the Ministry’s plan for this bill to be taken round the country to ensure inclusive and wide ranging input and understanding, and its impact and benefits to the growth of our digital economy. We look forward to receiving and collating your feedback through various channels including here on LinkedIn as well as through the email address: policy@fmcide.gov.ng
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World Public Sector Report 2023 The World Public Sector Report 2023
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