Supporting Global SMEs for Future Success: Exploring how to improve SMEs' business performance utilising integrated thinking and integrated reporting concepts
Supporting Global SMEs for Future Success: Exploring how to improve SMEs' business performance utilising integrated thinking and integrated reporting concepts
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engPublication classification
A6 Research report/technical paperPagination
1-41ISBN-13
9780730005070Research statement
Background Research into integrated thinking and reporting for SMEs highlights their potential to improve decision-making, stakeholder engagement, and long-term value creation. SMEs benefit internally (e.g., better management, collaboration) and externally (e.g., reputation, access to capital). Barriers include resource limitations, perceived complexity, and delayed benefits. A global roundtable emphasized the need for tailored support and tools for SMEs. Recommendations include government incentives, professional education, collaboration with software providers, IFRS guidance, and further research. This research aims to enhance SME resilience amid economic challenges. Contribution This research advocates for wider adoption of integrated thinking and reporting among SMEs, highlighting benefits from the implementation. It identifies barriers like resource constraints, perceived complexity, and delayed benefits, emphasizing the need for targeted support. Contributions include a global overview of current practices, expert insights from an international roundtable, and actionable recommendations for stakeholders, including governments, accounting professionals, software providers, and the IFRS Foundation. The research offers detailed analysis and practical solutions, aiming to drive adoption and support SME success. Significance This research highlights the transformative potential of integrated thinking and reporting for SMEs, addressing their critical need for support in navigating complex business environments. It bridges a knowledge gap by focusing on SMEs, providing evidence-based insights and actionable recommendations for stakeholders like governments, accountants, and software developers. The research promotes a holistic approach to value creation, incorporating ESG factors, and envisions integrated reporting as a norm, enhancing SME transparency, resilience, and sustainability. It empowers SMEs to thrive and contribute to a more inclusive and sustainable global economy.Publisher
Deakin UniversityPlace of publication
Geelong, Vic.Usage metrics
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