The world needs growth. Growth puts people in work and lifts them out of poverty. It generates the income to fuel a progressive and stable society. To date, growth (as measured by profits, dividends and GDP) has been a benchmark of success. But not all growth is the same. Many developing countries have growth, but often it is not translating in to the jobs or wider societal benefit they need. While in the developed nations, many are just striving to recapture the growth that they once enjoyed.
At the same time, customers, suppliers, employees, governments and society in general are becoming more demanding of business. And what they want from them is not the same – creating confusion, tension and even conflict. Against this backdrop of ambiguity, together with a growing population seeking a better lifestyle, to be delivered from a planet of finite resources, is it customers, suppliers, employees, governments and society in general are becoming more demanding of business. And what they want from them is not the same – creating confusion, tension and even conflict. Against this backdrop of ambiguity,
together with a growing population seeking a better lifestyle, to be delivered from a planet of finite resources, is it time for a new business model?
To address this dilemma, we have developed a new framework, TIMM. It looks beyond the narrow notions of
input, output and profit, to a model that also takes into account the outcome and impact of an organisation’s activities.
TIMM enables management to develop a better understanding of the social, fiscal, environmental and economic impacts of their activities, while still, of course, making a profit. It gives management the ability to compare strategies and investment choices, using quantified
data, and evaluate the total impact of each decision and choice they make