SMART Business Tools
The book condenses years of international experience and best practice for people who make or participate in making decisions in their organisations, including management and boards and related stakeholders. The authors - John Aston and Alan Knight - accompany the reader on their journey to integrate Smart Engagement into the planning, execution and management of the decisions and activities required to run their organisation successfully; this includes delivering outcomes that are not only financially and technically successful but also publically and environmentally acceptable and sustainable.
This quick guide describes a strategic approach to project management and leadership, focusing on structured stakeholder engagement. This framework can be used to address the challenges faced by management in today’s turbulent business environments where the goal posts, risks and opportunities change at a rapid pace and where successful organisations need to learn fast by being more and more connected to all their stakeholders.
The aim of this guide is to catalyse businesses into being both more competitive and sustainable, by enabling small and medium enterprises to work for profits not only from a financial perspective, but also considering all five development capitals: economic, human, social, environmental, and manufactured – in a way that also improves their short, medium and long term financial success. It does this by building awareness that socially responsible business can be profitable, by highlighting good practice in the area, and by providing a strategy for businesses to run their operations in a socially responsible manner.
In 2012, the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA - part of the World Bank Group), Deloitte, the Norwegian Government and companies from the oil, gas and mining industries launched an innovative, free, MS Excel-based accounting tool, the Financial Value Tool (FV Tool). This tool allows businesses to calculate the Return on Investment (ROI) of Sustainability Investments, including the Value Created by these investments and Value Protected. The Return on Investment (ROI) is reported as Net Present Value (NPV). It is used to plan, prioritize, measure and scale a company’s site-level sustainability investments.