The targets are discussed before indicator terminology in this element because they are necessary for understanding some of the indicator terminology. Enterprise development and socio-economic development use the same methodology for calculating the target. The calculation is not clearly articulated in the Codes and is a technical calculation. Read the rest of this entry »
The enterprise development scores are measured with this formula: A = B/C x D
A = the score for enterprise development carried forward to the generic scorecard
B = the value of all qualifying contributions from the date of inception of measurement or the date of this statement
C = the compliance target
D = the weighting points. Read the rest of this entry »
The benefit-factor matrix refers to sector-specific contributions, which are not addressed elsewhere in Statements 700 or 807. There is a definition referring to sector-specific programmes. Although it is not clear whether there is a link between the definition and the reference to sector-specific contributions above, it would appear logical to assume so.
The origin of sector-specific contributions is from previous draft statements. The objective is that sector codes will determine sector- specific socio-economic development contributions as guidance to industry from each sector. Read the rest of this entry »
The strength of a country and/or a business organisation, and therefore the strength of its strategy, is created by its human capital. At the heart of strategic thinking lies the purpose of preserving the environment: at the macro-level, preservation of the economy, whilst, at the micro-level, preservation of the industry participants. Few firms think about this. Individual agendas focus on maximising profits and, in neo-liberal market economics, maximising shareholder value at the expense of social values. Yet contributing towards industry and economic preservation benefits a nation in the long term and gives it economic strength, as well as the wherewithal for competing on the global stage. Read the rest of this entry »
