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Measuring and managing total impact – strengthening business decisions for business leaders
July 29, 2014
By valuing social, environmental, tax and economic impacts, business leaders are now able to compare the total impacts of their strategies and investment choices and manage the trade-offs.
Total Impact Measurement and Management (TIMM) is a flexible framework that enables business to develop a better understanding of how to create sustainable value for their shareholders while generating value for the wider communities they affect. TIMM enables managers to develop a better understanding of the social, fiscal, environmental and economic impacts of their activities, while still 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.