From Beaver to Vanilla - the story of the North American Beaver
This is an except from my upcoming book - How CRAPI is your FART. The book provides an insert into how organizations in emerging markets can better prepare their organization's GRC systems from being reactive to being proactive. Enjoy

From Beaver to Vanilla - the story of the North American Beaver

As I continue to provide excepts from my upcoming book - How CRAPI is your FART, today I tell you the story of the North American beaver and how it's anal glands produces the one of the worlds greatest additives for making ice cream which is loved and enjoyed by many. The same way organizations can use their CRAPI FART systems to create and maintain SUSTAINABLE EXCELLENCE.

Do you enjoy strawberry, raspberry, or vanilla ice cream? Then you may be secretly “enjoying” beaver anal glands. This is an approved food additive, which is labeled as a “natural flavor”. The real name for the additive is Castoreum, which originates from female and male castor sacs of the North American Beaver.

When next you are enjoying your next strawberry, raspberry and/or vanilla ice cream, please ask yourself the question – if I knew that the approved food additive used as a natural flavor comes from the beaver’s anus, would I still enjoy my ice cream flavor? If your answer is “YES”, then you should apply the concept to the theory of C-R-A-P-I F-A-R-T. This is because in as much as we perpetually operate in an environment of risks, the thought of having to put in place the right systems to aid our governance, risk and compliance expectations are barely looked upon as additional costs to the organization.

Just as Castoreum is to adding flavor to our vanilla, strawberry and raspberry ice creams, so will a system of C-R-A-P-I F-A-R-T add to the organization’s bottom line directly and indirectly by helping provide efficiency and effectiveness in the way we carry out our business transactions thereby improving on our brand and reputation and invariably creating new opportunities for new business partnerships that would increase the organizations’ bottom line.


 

Dr. Olumuyiwa ADEBAYO, DBA,CFA,FRM,FICA,FCA,CGMA FCTI,FIMC,MBA,ACMA,Adv.DipMA,Dip.IFR(ACCA),BSc,HND

GM, Group Finance (Sahara Group); formerly, Chief Finance Officer - RAK Unity Petroleum Company Plc

7 年

Nice one beo

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