Economic Footprint of Companies
In recent years, an increasing number of companies and institutions have supplemented their financial reporting with additional key figures from an economic perspective. By reporting their economic footprint, companies show the contribution they make to economic performance and job creation in the region and the extent to which various actors outside the company benefit from their company's success, be they companies, employees or the state. Often the regional aspect of the economic footprint is in the foreground. While financial figures are primarily addressed to investors, shareholders and creditors, the publication of the economic footprint of companies is primarily used for external presentation and is aimed at the level of politics and the general public. Based on comprehensive databases and models as well as many years of experience and expertise in the field of macroeconomic impact analyses, BAK Economics has developed an analysis concept for quantifying the company-specific economic footprint and has used it for numerous companies and organisations in recent years.
Your benefit
| Strategic support Professional support in strategic as well as operational processes including well-founded classification of market developments. |
| Back up your added value with numbers Our impact analysis makes the effective impact of your company visible for the regional economy. |
| Pointing out positive side effects Analysis of who benefits from your company and to which extend. |
| External communication With BAK's Impact Analysis you are able to demonstrate the economic benefits of your company. |
| Vision and data consistency Thanks to our database, you can combine your business management basis with macroeconomic data. |
Comprehensive statements about the effective overall importance of a company for the national economy can only be made if the indirect effects are taken into account in addition to the direct effects. The quantification of indirect economic effects is carried out with the help of so-called input-output models which visualise the interdependence of an economy from resources (labour, capital and imports) to industry interdependence to use (consumption, investments and exports). They show which gross value added, employment and income can effectively, i.e. directly and indirectly, be attributed to the economic activity of a project. The impact analysis can be carried out to quantify the economic significance of large-scale projects as well as specific demands.