Nedbank Value Creation Process Paper
1. Introduction
In our modern economy, businesses are continuously required to adapt to changes in demand, technological advancements and the impact on the environment in which they operate. Corporate organizations are expected to find new and improved ways of addressing social and environmental issues we face today and work towards becoming sustainable enterprises.
Understanding how their chosen business model creates value, can ensure long-term viability. A framework will be provided in this assignment discussing a business model and its value creation process. An evaluation of the integrated report of Nedbank will analyse how the company applies these measures. Further recommendations will be formulated to facilitate the transition of the company to one that focuses on sustainability.
1.
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They can be of direct, indirect, from society or self-owned.
They include:
• Financial – Funds that the company obtains and uses to finance its functions and pay for necessary expenses and resources.
• Manufactured – Tangible items that are manufactured such as machinery and buildings.
• Intellectual – Intangible property that consists of licenses, patents, etc.
• Human – Labour, insight and other resources obtained from people.
• Social and Relationship – relationships formed between stakeholders, the broader society and the ways used to engage with them.
• Natural – Derived from natural origins such as raw materials, biodiversity etc.
2.4 Measurement of value
There is no set or uniform mechanism to measure value. It can be based on the amount of volume produced, amount of revenue received, if the strategy’s objectives have been met and comparison between actual and desired performance. It is often difficult to quantify incorporeal matters and standards of wellbeing.
2.5 Sustainable
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