What are the 5 steps to a VSME report?
Short answer: Create orientation, narrow down topics, collect data, structure report, and communicate report[47].
According to the IHK Munich action guide, a five-step process leads to the VSME report[47]: 1. Orientation & process preparation: Build knowledge, define goals, and establish organizational reporting boundaries[48]. 2. Narrow down topics & identify disclosure requirements: Conduct stakeholder analysis and gain overview of VSME requirements[49]. 3. Collect & structure data: Gather relevant metrics, establish responsibilities, and plan resources[50]. 4. Structure & write report: Logically organize content, establish connection with financial report, and define consolidation scope[51]. 5. Communicate & use report: Publish, communicate to stakeholders, and use as basis for strategic decisions[52].