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REPORT 21. Identify the problem2. Determine relevant information2.1. IIRC’s business model framework An organization’s business model is its system of transforming inputs, through its businessactivities, into outputs and outcomes that aim to fulfil the organization’s strategic purposesand create value over the short, medium and long term. This definition may at first glanceseem sterile, but a growing number of examples demonstrate how it is being used tosuccinctly communicate those capitals (or resources) that the organization draws on asinputs to its business activities, and how these are converted to outputs (products, services,by-products, and waste), which ultimately lead to outcomes in terms of effects on thecapitals and stakeholders. (The International Integrated Reporting Council (IIRC), 2018).Reporting on an entity's business model is central to an investors understanding of the entityand its strategy, governance, performance and prospects. Integrated reporting first serves toimprove the information quality supplied to capital providers, in order to engender a moreeffective allocation of capital. Therefore, the ultimate goal is to provide users with insight onthe ability of the business to adapt to changes, for example, in the availability, quality, and
affordability of inputs, and how these changes can affect the organization’s longer-termviability. (The International Integrated Reporting Council (IIRC), 2018). The (IR) Frameworkprovides a way to help make business reporting more consistent in its overall approachacross organizations, and more connected with the other elements of integrated andnarrative reporting.2.2. The 6 capitalsCapital ItemApproximatevalue(2018,2017,2016)RemarkFinancialInternal and externalsources of finance2018 -$6,854million2017 -$5,629million2016 -$3,953millionJB Hi-Fi company generatesfunds both from theinternalandexternalsources of finance.
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Management, JB Hi-Fi, JB Hi-Fi Limited, Keilor East, Victoria, Hill and Stewart