Top performing businesses base their decisions on interconnected information across the various capitals. By actively considering the relationship between the various operating and functional units of the entity and the capitals effected, businesses can apply integrated thinking. Organizations that apply integrated thinking understand that there is no longer a place for silo thinking in the marketplace. They understand that adapting to changes and exercising flexibility is crucial to survival in today’s economy.
Swift change is all around us, generating risks and opportunities which require rapid responses. While many businesses may be aware of the basic survival tactics required during economically pressing times, stakeholders are showing increasing awareness and acknowledgement of issues around climate, environment, social and governance (ESG).