This course is concerned with how organisations create and preserve value over time employing effective business models and a broader range of resources (capitals) than in conventional analyses. This value creation process is currently being reported upon under the international initiative of Integrated Reporting <IR>, incorporating Integrated Thinking, which is enhancing the way organizations think holistically, plan strategically and report value outcomes. Integrated Thinking focuses on how executives make business decisions that best utilise all their available resources and relationships (not just financial but including their staff, intellectual property, environmental, and supplier and customer relationships) to implement a strategy for long term value creation. Integrated Reporting then focuses on how they communicate (both internally and to external stakeholders) their unique value creation story, in order to address the question, “Why should I, or others in society, support this organisation?” The course is designed to be highly interactive with many illustrations and cases.
Topics include: The drivers behind the development of the International Framework; creating value over time with Integrated Thinking; and implementation including the design of an internal management system geared to value management rather than traditional financial management.
Acknowledgement is made of the significant contributions of KPMG Australia and the International Integrated Reporting Council in developing and presenting the course. This is an approved <IR> Training course.
