Integrating corporate sustainability in strategic management

Norbert Bol

Based on a literature review of 114 peer-reviewed scientific journal articles it shows that sustainability is an important topic for managers but they just rarely consider it in strategic management. Many companies therefore still lack a strategic approach to integrating corporate sustainability into strategy. In my opinion the starting point in the integration of corporate sustainability in strategic management is manager attitude and behaviour.

Five Leadership tips to Strengthen Strategic Results

Focused Momentum

Creating a winning strategic plan is awesome. Strategic ManagementYou feel great, your team is motivated, and you see renewed passion and commitment to shared success.

Build New Capacity Thru New Leadership Capabilities

Focused Momentum

Implementation of a new strategic direction typically starts strong when the energy unleashed from the fun of strategic thinking is fresh. One factor in lagging strategic focus is that leaders slide back to their comfort zone forgetting that they too must evolve.

Responsible and shared leadership

Norbert Bol

Leadership can be found at any level of an organization. This means that you don’t have to be a manager to be a leader. Diverse teams are more successful and innovative than homogeneous teams, as diverse team are better at managing opportunities and threats to create more success in a sustainable way. Responsible Leadership. Shared leadership and commonality: A policy-capturing study. The Leadership Quarterly , 27 (2), 200-217.

Leadership in networked organizations

Norbert Bol

After my last blog about shared leadership I received many votes and many positive reactions. Especially about leadership that can be found everywhere at any level in an organization. Most of the readers agree that leadership is not just a function where you sit, but is more about what you do and how you do it. To achieve this, organizations need leadership which can be found everywhere in the organization. Journal of Engineering and Technology Management , 40 , 15-28.

How a Lesson for My Teen is Also a Lesson in Strategic Leadership.

Focused Momentum

Strategic ManagementAt times, we all must make tough choices in the present to prepare for long-term success. All too often we delay acting to change the status quo possibly hoping the issue it will resolve itself.

4 Disciplines Essential to Strategy Implementation

Focused Momentum

With a strategic plan complete, the leadership challenge switches from strategic thinking to strategic management. Strategic Management

Commitment to Success; Make Tough Decisions Early

Focused Momentum

While it is true that one of the benefits of investing the time to define a clear strategic direction is that it helps in decision-making, it is also true that it does not make decisions. That is the job of leadership. Strategic Management

3 ways to put your mission statement to work

Focused Momentum

A mission statement can inspire and fulfill a unique role in your strategic management toolkit , but they often play a boring role in the organizations that have them. It is because when given the chance, groups tend to want to spend our precious strategic thinking time wordsmithing.

Successful sustainability

Norbert Bol

Strategic Management Innovation Leadership Learning Strategy SustainabilityOn our way to becoming a green economy, we need products and services that have a positive impact on the environment and society.

The future of innovation

Norbert Bol

Although there were many topics discussed at the World Economic Forum that relate to the topics that are used in Strategy Blogs, I would like to share two interesting discussions about innovation, which are: Maintaining innovation and the Strategic Update: The Future of Innovation.

CEO’s who are blogging about strategy

Norbert Bol

In this Strategy Blog I would like to share with you the blogs of CEO’s that I follow because they also discuss strategic management issues. CEO Blog – Time Leadership by Jim Estill CEO of Canrock Capital. If you have additions to this list of CEO’s who blog about strategic management issues please let me know. Strategic Management Communication Leadership Marketing Social Media Strategy

Are you too busy to improve?

Norbert Bol

Strategic Management Collaboration Innovation Leadership Learning OrganizationLast week I wrote about how we can learn to innovate by learning from haute cuisine chefs.

Towards true sustainability

Norbert Bol

Strategic Management Collaboration Innovation Leadership Sustainability SustainnovateWhen are we truly sustainable? That is an inspiring question. As human beings we all aspire a healthy, happy and prosperous life for ourselves and for the next generations.

Boosting creativity and innovation

Norbert Bol

Strategic Management Innovation Leadership StrategyBoosting creativity and innovation. When we want to boost creativity and innovation in an organization, there is not only a need for creative people but there is also the need for an organization supporting an innovative culture (see also the blog: Innovation is built on the desire for success ). A recent study towards the personal factors of creativity and innovation (da Costa et al.,

Looking for words about the future of sustainability

Norbert Bol

Strategic Management CSR Leadership SustainabilityReporting on Corporate Social Responsibility (CSR) and sustainability has grown exponentially. The quality of the reporting has also improved, including historical information and forward-looking statements. A recent study by Aiezza (2015 in press) shows that there is still a strong bias towards optimistic trends when it comes to reporting on sustainability issues.

Innovation is built on the desire for success

Norbert Bol

Strategic Management Innovation Leadership StrategyTo create innovations it is probably true that our desire for success should be greater than our fear of failure. At the same time we should have the abilty not be afraid to fail but instead have the ability to learn from our mistakes. Many innovations are the fruitful result of trial and error. Error or failure are part of the process.

Sustainability strategy in tough times

Norbert Bol

Companies have used their sustainability strategy to maximize strategic value by focussing more on the real customer needs and reduce costs. Strategic Management Innovation Leadership Strategy SustainabilityThe april (2015) special edition of the scientific journal of Long Range Planning is called “ Doing more with less?

Creative independence to innovate together

Norbert Bol

Strategy & Leadership , 43 (5), 24-31. Strategic Management Innovation Leadership SustainabilityIn the recent blog Innovation through collaboration some important conditions were presented how people with different expertise can work together to develop innovative ideas, such as being open to innovative work, respecting others and willing to learn. It is also important to understand how to create such an environment.

Responsibility for sustainability

Norbert Bol

The scientific journal Organizational Dynamics is preparing a special issue about “The leadership imperative for sustainability and corporate social responsibility” In other words what is the responsibility for sustainability of business leaders? Strategic Management CSR Leadership Sustainability

Spreading new ideas and the role of peer effects

Norbert Bol

Strategic Management Innovation Leadership Marketing StrategyIn 1962 Everett Rogers introduced the theory of the Diffusion of Innovation. This theory explains how, why, and at what rate new ideas and technology spread.

Crowdsourcing ideas: sexy ideas get implemented

Norbert Bol

Strategic Management Innovation Leadership Strategy SustainabilityThrough history, the engine of human progress and prosperity has been, and is, the mating of ideas. Matt Ridley – When Ideas Have Sex.

Innovation through knowledge sharing

Norbert Bol

Strategic Management Collaboration Innovation Leadership StrategyLast week I wrote about knowledge sharing in project teams. This week I would like to discuss the importance of knowledge sharing for learning, creativity and innovation. Although there are many theories of knowledge sharing behavior (Razak et. al, 2016), in my opinion the most important aspect of knowledge sharing is that the right circumstances are created to learn, to co-create or to innovate.

Ultra Innovation

Norbert Bol

Strategic Management Innovation Leadership StrategyIn the December edition of Research Policy there is an interesting article by Tavassoli & Karlsson (2015) about the persistence of innovation.

Sustainability and creativity are related, but they need a helping hand

Norbert Bol

For ethical business leaders and managers it is important to guide the company in the right direction by fostering an innovative-sustainability-based attitude. Research shows in this respect that ethical leadership is positively related to creativity and innovation. Companies with an innovative culture have a stronger relationship between ethical leadership and creatitivity. The Leadership Quarterly , 27 (1), 1-13.

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Knowledge sharing in project teams is important to go beyond your limitations

Norbert Bol

Strategic Management Collaboration Communication Innovation Leadership StrategyModern knowledge-based organizations face continuous challenges to remain competitive. These challenges today are driven by globalization, the possibilities of the internet and the increasing need for more sustainable products and services. These developments are creating a complexity of interdependent information flows which can be opportunities and/or threats to the organization.

Bridging the gap between sustainability strategy formulation and implementation

Norbert Bol

Successful implementation factors that need to be well aligned with the sustainability strategy are: organizational structure, organizational culture, leadership, management control and employee motivation and qualifications. In my opinion these dialogues about sustainability with all these different stakeholders are great to manage expectations, risks and opportunities (innovations). Strategic Management CSR Innovation Leadership Sustainability

Working smarter and greener in 2017

Norbert Bol

International Journal of Information Management , 37 (1), 1441-1448. Strategic Management CSR Innovation Leadership Social Media Strategy SustainabilityDear readers, Best wishes for you in the new year 2017! Last year the number of rearders of Strategy Blogs increased enourmously to 22,634 followers today. The three blogs that were read most last year, were: 1) Knowledge sharing in project teams is important to go beyond your limitations.

Working smarter and greener in 2017

Norbert Bol

International Journal of Information Management , 37 (1), 1441-1448. Strategic Management CSR Innovation Leadership Social Media Strategy SustainabilityDear readers, Best wishes for you in the new year 2017! Last year the number of rearders of Strategy Blogs increased enourmously to 22,634 followers today. The three blogs that were read most last year, were: 1) Knowledge sharing in project teams is important to go beyond your limitations.

Favourite 2016 books by CEOs

Norbert Bol

Strategic Management Innovation Leadership Learning Marketing StrategyLast week McKinsey published an interesting list of books that CEOs read during the summer holdiday season. For the readers of Strategy Blogs I have made a selection of the 2016 non fiction books from the list McKinsey published as they are related to the themes of Strategy Blogs. I have put the selected titles in my favourite order.

Innovation and the role of lead users in online communities

Norbert Bol

The International Journal of Information Management will publish in the August 2016 edition an article (Hau & Kang, 2016) that reveals more insight in the role that lead users have in these online user-communities. International Journal of Information Management , 36 (4), 520-530. Strategic Management Collaboration Innovation Leadership StrategyUser communities in product and service innovations have been identified as important sources of innovations.

Managing sustainability perspectives

Norbert Bol

Therefore most organizations have a seperate policy on sustainability or corporate responsibility, which enable them to manage and to act more effectively. Sustainability on a strategic or company level is often difficult to define, measure and manage. To measure and manage sustainability more effectively it can be helpful to introduce the concept of Corporate Stakeholder Responsibility (CStR). Journal of Management, 0149206315569311.

The role of social media in a crisis

Norbert Bol

For that reason it is necessary to have a strategic social media plan before a crisis hits and try to avoid a crisis by engaging early when problems arise. Managing social media crises with your customers: The good, the bad, and the ugly. The real-time power of Twitter: Crisis management and leadership in an age of social media. Situational crisis communication and interactivity: Usage and effectiveness of Facebook for crisis management by Fortune 500 companies.

Creating more value in services

Norbert Bol

What is behind the leadership shift in sustainable development from politicians to CEOs? Strategic Management Innovation Services Strategy SustainabilityIn our service economy we create value together. Integrating ecosystem services can create more value.

Diversity enhances value creation

Norbert Bol

Industrial Marketing Management. Strategic Management Innovation Leadership SustainabilityLast week I wrote in my Strategy Blog ‘ Creating more value in services ‘, that more value can be created in services when ecosystem services are included. To achieve more value in the context of responsible long term investments or sustainability driven innovations, it means that more diverse knowledge is necessary.

Green jobs for a green economy

Norbert Bol

Strategic Management Innovation Leadership Strategy SustainabilityAt the moment our economies are in the transition to become more greener economies because we need to reduce environmental damage. To make this change we can, as consumers, contribute by buying more green products and services. As workers (whether it is in agriculture, industry, services or administration) we can contribute by making active choices to preserving or restoring the quality of the environment.

Why we need to understand innovation speed?

Norbert Bol

Strategic Management Innovation Leadership Strategy SustainabilityInnovation is important in the entrepreneurial strategy processes to increase organizational performance. Innovation speed is essential to this performance as well, because when we define a new product or service there is a need to make it available to custumers fast to achieve first-mover advantages. In the February 2016 edition of the Journal of Business Research, Shan et al.

The importance of managing secondary stakeholders and the role of social media

Norbert Bol

Managing the increasing number of stakeholders, is of course a challenge for companies. Strategic Management Communication Innovation Leadership Social Media SustainabilityLast week I wrote in StrategyBlogs that bridging the gap between strategy formulation and strategy implementation is possible through a true dialogue with your stakeholders.

Is Facebook becoming the innovation network platform?

Norbert Bol

To answer this question, I will use the upcoming article in June 2016 in the International Journal of Information Management about information management for innovation networks. Information management for innovation networks—an empirical study on the “who, what and how” in networked innovation. International Journal of Information Management , 36 (3), 348-359. Gary Hamel: Open source is one of the greatest management innovations of the 21st century.

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The short term actions needed for sustainable long-termism!

Norbert Bol

Most managers do not resist this pressure as 78% of the managers would reject an NPV (net present value)-positive project if it would lower quarterly earnings, and 80 percent would focus on this short-term metric at the expense of building long-term shareholder value. The way the dimensions of success are ordered above, do increase in uncertainty for management. The Challenge of Introducing Sustainability into Project Management Function: Multiple-Case Studies.

Decisive to be innovative

Norbert Bol

Strategic Management Strategy Sustainability Innovation LeadershipLast week in Strategy Blogs we discussed the topic of innovation speed and how this positively relates to organizational performance. In addition to the characteristics mentioned last week that increase innovation speed, it is important to mention decisiveness as a characteristic as well. Decisiveness can be described as the ability to decide with speed and clarity. Theory.

Chris Mawuli Hlovor

Innovation 360

Background: I am an innovation management expert, in the financial sector modelling financial products/services suitable for all level income groups. Areas of Expertise: Strategic Management. Based in Accra, Ghana.

Chris Mawuli Hlovo

Innovation 360

Background: I am an innovation management expert, in the financial sector modelling financial products/services suitable for all level income groups. I drive to organise with exceptional follow through abilities and a comprehensive grounding in strategic management to become a leader in Bank/Non-Bank financial sector as well as any organization service and product innovation. Areas of Expertise: Strategic Management. Based in Accra, Ghana.