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.

4 Disciplines Essential to Strategy Implementation

Focused Momentum

With a strategic plan complete, the leadership challenge switches from strategic thinking to strategic management. Fundamental to the successful management of a new strategic direction is an organization's ability to guide strategy implementation while managing the current plans and commitments. In this series, I will take you through four steps to guide any organization through the first critical months of strategy implementation.

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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.

Sustainability strategy in tough times

Norbert Bol

Sustainability strategy in constrained economic times “ The different articles in this special edition all focus on the sustainability behavour of companies in tough times. Based on the articles in the special issue it appears that companies find innovative ways to do more with less and increase firm value without undertaking significant cutbacks on their sustainability strategy. Strategic Management Innovation Leadership Strategy Sustainability

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

Strategy Quotes Part 4

CMOE

This is the fourth installment of a four part series about leadership quotes. This section will cover inspirational quotes about strategic management. ctt title=”“I am reminded how hollow the label of leadership sometimes is and how heroic followership can be.” – Warren Bennis” tweet=”“I am reminded how hollow the label of leadership sometimes is and how heroic followership can be.” – Warren Bennis” coverup=”32V63″].

The Way to Successfully Share a Strategy

BrainZooming

Two junior team members in chief of staff / program manager roles asked how to best align with senior leaders to successfully share a strategy across an organization. The Way to Successfully Share a Strategy. What can a senior leader do to share personal perspectives and expectations to facilitate stronger strategy implementation in an organization? Facilitate objectivity when judging the effectiveness and success of early strategy implementation.

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. I confess, I too tend to overlook the mission statement when developing strategy with leadership teams, but it is NOT because I don't understand their strategic importance. 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. Companies are researching, developing and testing many environmental product and service innovations. Clausen et al. 2019) show that there is not a lack of these innovations, but there is a too low percentage of these innovations that are successful. .

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.,

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.

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. Additional to what was discussed at the World Economic Forum is in my opinion that innovation and collaboration need to be balanced with management control systems and risk management.

Innovation through knowledge sharing

Norbert Bol

Theories of Knowledge Sharing Behavior in Business Strategy. 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.

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.

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? Some view it as a mission that drives strategy others see is as a burden. Strategic Management CSR Leadership Sustainability

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.

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.

Working smarter and greener in 2017

Norbert Bol

Last year the number of rearders of Strategy Blogs increased enourmously to 22,634 followers today. 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! 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

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. Strategic Management Innovation Leadership Learning Marketing StrategyLast week McKinsey published an interesting list of books that CEOs read during the summer holdiday season.

Working smarter and greener in 2017

Norbert Bol

Last year the number of rearders of Strategy Blogs increased enourmously to 22,634 followers today. 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! The three blogs that were read most last year, were: 1) Knowledge sharing in project teams is important to go beyond your limitations.

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. Understanding the social dynamics in online communities is useful as they are becoming part of company strategies towards innovation. International Journal of Information Management , 36 (4), 520-530.

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. Most response strategies that are used during a crisis are still quite defensive such as ‘justification’, ‘full apology,’ ‘excuse’, ‘scapegoating,’ and ‘denial’. Sometimes these defensive strategies are not effective and can be even quite harmful for the organization.

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. Innovation and new ideas do not get adopted by the fact that it is a good idea. This is dependent on the innovation itself, communication channels, time, and the social system.

Internal Branding Strategy – 1 Way to Stop Horrible Executive Videos

BrainZooming

That’s not the way to advance an internal branding strategy. The question was what to do to get the leadership team comfortable with actually being casual and approachable on camera. My suggestion for these videos to have an impact on their internal branding strategy? Then, capture them explaining strategy at employee meetings. D ownload Your Free Internal Branding Strategy eBook! Internal executive videos are funny things.

Video 45

Why we need to understand innovation speed?

Norbert Bol

Innovation is important in the entrepreneurial strategy processes to increase organizational performance. Strategic Management Innovation Leadership Strategy SustainabilityInnovation 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.

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. Idea crowdsourcing is the act when a company outsources the generation of new ideas (e.g. new product development) by an undefined, generally large group of people in the form of an open call.

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.

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. Looking at the new 10 year strategy of Facebook it is important for innovators and innovation networks that there is a global platfrom that can help in finding the right partners (“who”) and to work in closed groups. Based on the strategy of Facebook Inc.,

Video 43

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

Norbert Bol

In line with the earlier Strategy Blogs this year this attitude is based on the underlying human and environmental values, and shows through leading by example. 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. The Leadership Quarterly , 27 (1), 1-13.

Study 45

Decisive to be innovative

Norbert Bol

Last week in Strategy Blogs we discussed the topic of innovation speed and how this positively relates to organizational performance. Next week in Strategy Blogs: Stakeholder co-creation during innovation. Strategic Management Strategy Sustainability Innovation LeadershipIn addition to the characteristics mentioned last week that increase innovation speed, it is important to mention decisiveness as a characteristic as well.

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.

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. Services differ from products when it comes to value creation. Unique to services is that value is always co-created between the service provider and the customer.

Diversity enhances value creation

Norbert Bol

Last 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. Industrial Marketing Management. Strategic Management Innovation Leadership SustainabilityTo achieve more value in the context of responsible long term investments or sustainability driven innovations, it means that more diverse knowledge is necessary.

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

Norbert Bol

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

7 Strategic Planning Process Challenges You Can Fix!

BrainZooming

Are you involved with the strategic planning process for your organization? That could involve leading it, participating in it, or trying to influence the strategic planning process so it delivers more value and better results for the organization? 7 Strategic Planning Process Challenges You Can Fix! Typical complaints about a strategic planning process. If you have a role in strategic planning, do any of these describe your situation?

12 Reasons Budget Meetings Aren’t Strategic and 3 Ways to Fix Them

BrainZooming

While everyone hopes these meetings are smart, strategic, and have a meaningful impact on the business , that rarely seems to be the case. 12 Reasons Budget Meetings Aren’t Strategic. Too often, budget meetings aren’t strategic. They are handled out of context strategically , looking at the business by department instead of by initiative. General managers and non-financial executives are placed in unfamiliar and poorly-performed accounting roles.

How a Strategic Planning Process Impacts Communication Options

BrainZooming

We worked with a client to facilitate an information technology strategy vision. From before the engagement’s launch until near the completion, we asked for strategy documents spelling out corporate priorities, objectives, and expectations. We wanted a strategic target to align IT strategy and innovation initiatives to support the organization in realizing its overall vision. Despite repeated requests, no one ever surfaced this type of strategy document.

Johannes Jarl

Innovation 360 Group

He has an international management profile that he solidified during his work at the Swedish American Chamber of Commerce in New York, which provided him with an extensive network of contacts. Strategy and Business Development. Leadership. Innovation Management. Bachelor Degree, Corporate Finance and Strategic Management, Lund University, Sweden. Director, US. Background.

Saif Amer

Innovation 360 Group

Commercial Manager. Saif is a resourceful professional specialized in Innovation Management with a bias toward action and influence change. He has several years of experience in business analysis, strategic management and proven track record of successfully selling and growing product/service revenues in the marketplace while maintaining a high level of client satisfaction in the FMCG industry, consultancy business and Biotech. Innovation Management.

LEAN 40

Saif Amer

Innovation 360

Saif is a resourceful professional specialized in Innovation Management with a bias toward action and influence change. He has several years of experience in business analysis, strategic management and proven track record of successfully selling and growing product/service revenues in the marketplace while maintaining a high level of client satisfaction in the FMCG industry, consultancy business and Biotech. Innovation Management. Investment Managing.

LEAN 40

What is innovation management and why your organization needs it

hackerearth

Understanding Innovation Management. Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. Once a well-defined innovation strategy that aligns with business goals is in place, the next step will entail managing it effectively. Like any business function, innovation can be managed. Innovation management programs for different companies will vary significantly. How to Manage Innovation.

What is innovation management and why your organization needs it

hackerearth

Understanding Innovation Management. Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. Once a well-defined innovation strategy that aligns with business goals is in place, the next step will entail managing it effectively. Like any business function, innovation can be managed. Innovation management programs for different companies will vary significantly. How to Manage Innovation.