Integrated value management and reporting that drives better performance, reputation and valuation.
The Three Big Ideas behind Integrated Thinking and Reporting
I'm a numbers person. But I'm also a business person whose career began as the industrial era was giving way to a new era. This new era is fueled by information technologies and a new sensibilities about the proper role and responsibilities for business. In this new era, your reputation is as or more important than your financial bottom line.
The Integrated Reporting Movement is a world-wide undertaking by thousands of businesspeople and companies who are seeking to drive better thinking, action and communication in business.
I spend a lot of time talking about where the value lies in businesses. One reason is the influence of the first half of my career in high risk corporate lending. It leads me to tie what I see back to financial value. The other reason is the shifts that have occurred during my career in our overall economy. As we laid out in Intangible Capital, the shift to a knowledge-based economy has dramatically changed the sources of value in business. And it has increased the awareness of the external costs of corporate actions.
These shifts are easy to illustrate by comparing and contrasting the concepts of value creation and valuation.