| Information | We will discuss how the concepts of value creation and integrated thinking can be applied within organisations to improve managements understanding of the risks and opportunities, as well as the planning for and communication of value creation processes that they follow.
Integrated thinking takes account of the connectivity between the different factors that contribute to an organisations ability to create value over time. It is no longer sufficient to think of an organisations impact solely on its shareholders but rather to consider the entire breadth of its stakeholders. The organisation is an integral part of society and is affected by and affects the society in which it operates. Its ability to create value is dependent on its ability to create value for all its stakeholders and this requires that it understand the needs, interests and expectations of its material stakeholders. The organisation is a corporate citizen and this status confers on it rights, obligations and responsibilities towards society and the natural environment on which society depends for its wellbeing and progress. The reporting that follows is a demonstration of the organisations stewardship in this respect and is, thus, a tool for communicating how the organisations strategy, governance, performance and prospects have and will continue to lead to the creation of value. |
