Topic > The field of small and medium-sized enterprises

IndexIntegrated reportingBenefits of integrated reportingBetter reporting, better communicationThe world's largest companies are often considered leaders in the field of small and medium-sized enterprises (SMEs). But that's not the case or at least it shouldn't be that way. Evidence, government academic research statistics show that SMEs not only have the greatest impact on the economy and society, but are also the main drivers of innovation and change. Furthermore, when SMEs are at the forefront of product and service innovation, they can also innovate to produce integrated reports. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay There is a growing body of compelling evidence about the substantial benefits organizations derive from integrated reporting. But is there any benefit for SMEs? What is perhaps most surprising is that the B20 (business arm of the G20) has recommended promoting integrated reporting as a key tool for improving SME reporting to build confidence in past and future performance. And some commentators and researchers have written about the relevance and value of integrated reporting for SMEs. There are clear, concise and compelling arguments for why SMEs and their stakeholders, from managers to owners to end consumers, benefit greatly from thinking about integrated reporting and integrated reporting. . And in a follow-up article, we provide a starter kit on how SMEs can do better with suggested starting steps and helpful resource instructions, including illustrative examples. SMEs worldwide account for the majority of private sector economic activity, employment, social impact and ecological footprint. Among them are the most important companies, the most influential and those with the greatest impact tomorrow. Amazon, Alibaba, Uber and Didi Chuxing were yesterday's SMEs. But unlike many large companies, SMEs often have the freedom to take a long-term view and pursue goals beyond profits. Many SMEs are run by owner-managers who they now see as integral to and a reflection of their lifestyle and values. This lends itself to corresponding thinking and responsibility, which focuses on the long term in the short term, the future in the past and on the principles of profit. Integrated reporting Integrated reporting is a generally recognized international framework that helps SMEs better understand and communicate how they create value (watch this short video for more details). that make up their value creation story. This makes an integrated report much more than a conventional annual report; It is a more comprehensive company report. But it is not necessary to expect much or even nothing, more effort to compile. And, perhaps most importantly, this will help SMEs understand the key drivers of their business so they can create a business model that helps them grow. SMEs, like large entities, leverage a variety of resources and relationships to create value. The international framework for integrated reporting calls these “capitals”. There are six capitals: family, financial and less familiar, manufacturing, intellectual, human, social and relational and natural. If maintained properly, these capitals can unlock value over time, while increasing their store of value capacity. How these capitals can work in an SME is detailed in IFAC Creating Value for SMEs through Integrated Reflection: The Benefits of Integrated Reporting. The leading principle of East connectivity is fundamental to understanding and communicating how SMEs create value. AND,.