· Business model
- Value creation
- Strategic focus and future orientation
In their 2016 Annual Report and Accounts, Kier Group outline their business model which enables it to address complex opportunities. This is aligned with the view that “disaggregating the organization into its material constituent operations and associated business models is important to an effective explanation of how the organization operates” (International <IR> Framework, para. 4.21). The business model is broken down by four divisions – Property, Residential, Construction, and Services, with opportunities and capabilities summarized for each division. In addition, a cross reference is provided to the location of additional information on each division later in the report.