Supporting the circular economy means minimizing waste and making the most of resources. The ultimate goal is to create a system where products and materials are continually reused, reducing the need to extract new resources and minimizing waste. The ESRS E-5 of the CSRD define the reporting principles for the…
A sustainability business plan should integrate environmental, social, and economic considerations into the strategic planning and operations of the business. Here are the key elements a sustainability business plan should include: Remember, sustainability is about the long term, so your plan should be designed with this in mind. It should…
With profound AI-Solutions in the market “asking the rights questions” is becoming as important as the research process itself. Asking the right questions is often more important than knowing the answers because it can lead to a deeper understanding of a topic or problem. When we ask the right questions…
Rising interest rates can create a challenging environment for companies, particularly those that rely heavily on debt financing or consumer spending. However, the exact effects will depend on a variety of factors, including the specific industry, the company’s financial position, and the overall economic environment. Rising interest rates can have…
The term inflation refers to the increase in the prices of goods and services. It is usually caused by the decrease in the purchasing power of a currency. More often than not, when discussing this topic, people think of its effects on consumers. However, the impacts of inflation are usually…
Market changes, social changes and technological progress lead to an ongoing need to adapt your business model. In order to remain competitive, changes are necessary, which have to be considered in strategy and planning and subsequently implemented. Benchmarking is a method to help you to identify performance gaps in comparison…
This article gives an overview about the criteria that can be used in order to classify and evaluate real estate properties (i.e. the portfoliomanagement). The aim is to put together a portfolio that will last long term and generate good returns. The parameters return, risk and liquidity are to be…
Today’s accounting department must not only deal with the collection of financial information, but has to deal with non-financial information, controlling, IT and process topics to demonstrate that valid, meaningful actual and planning data can be provided to various stakeholders. The increasing complexity should lead to more transparency, but accounting…
Corporate planning is one of the most important tasks of the management and serves the presentation and calculation of possible future developments. Making the future plannable depends on a number of variables: one of these variables is risk. Risk always includes opportunities. The higher the risk, the higher the chances.…
Over the past decade, the framework conditions in nearly all industries have changed fundamentally. What at first glance looks like a global process of change is much more complex on closer analysis. Both the starting position, the direction and the extent of the necessary transformation processes in the industry are…
Big data is the term used to describe large amounts of data in reference to businesses. It is collected from a variety of sources such as social media or business sales. Big data can be used to save you time and money when developing new products. Combining big data benefits…
Crowdfunding has changed since the first exciting days, and several new trends show the maturing industry. As an alternative financing method it enables you to finance your products via the crowd. Campaigns need to be set-up properly in order to launch a successful financing round. In this article you will…