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.

Passing 100 Strategy Blogs: Innovation for sustainability is complex but has a global interest.

Norbert Bol

The main idea was to explore the possibilities of blogging about a topic that I find very intriguing, which is: “how to manage innovation for sustainability”? A topic that is relevant for all of us, regardless if we are a manager, an employee, a consumer or an investor.

Are you prepared for the Industry 4.0? How you can #HackYourWayIn

Norbert Bol

Traditionally opposing ideas are managed by seeking compromises or by choosing one idea at the expense of the other. Strategic Management Creativity Education Innovation Learning Sustainability

Gamification: fun for everyone?

Norbert Bol

Strategic Management Creativity Innovation Learning SustainabilityGamification has become a popular phenomenon in education, business, government and science. Introducing fun-game activities in these real life situations, fits within the idea of an experience oriented economy.

Is the Circular Economy lost in transition?

Norbert Bol

Strategic Management Economy Innovation Sustainability SustainnovateNext week is the Dutch Circular Economy Week.

Degrowth is more than an Oxymoron?

Norbert Bol

Strategic Management Sustainability Innovation EconomyDegrowth, or De-Growth, is from a language perspective an oxymoron.

5 Advantages of Strategy Statements with Simple Language

BrainZooming

It’s worth a few minutes (if you haven’t done it recently) to crack open your strategic plan and read your strategy statements. If you weren’t involved in putting the strategic plan together, would YOU be able to understand the strategy statements?

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.

Attune to the unusual!

Norbert Bol

Strategic Management Creativity Innovation SustainabilityLast week during the 48th World Economic Forum in Davos-Klosters in Switzerland there was plenty of attention for the UN 2030 Agenda for Sustainable Development. In specific there was a call for accelerating innovation to become more sustainable, because at the current pace of innovation today we will not achieve these goals in time.

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. 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

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.

How we justify our (un)sustainability

Norbert Bol

Strategic Management CSR Innovation Learning Sustainability SustainnovateDuring the last few weeks I have had interesting discussions about the question: “are we doing enough to create a sustainable future?” ” The discussions were interesting because they were all very open in the first place. I also found that people are not only willing to contribute but are also willing to share their contributions with me and others.

Study 71

Stretching on the playground

Norbert Bol

Strategic Management Innovation Learning SustainnovateThis week is the start of the Dutch Design Week in Eindhoven, where 2500 designers present their ideas, experiments and solutions. The theme of the event is “Stretch”, to encourage both designers and the public to get involved with each other and to break out of their comfort zone. Everybody has different comfort zones depending on the subject and circumstances.

The sustainable innovation paradox

Norbert Bol

In my experience the succes and the speed of sustainable innovations are dependent on the capabilities to manage all stakeholders (clients, personel, suppliers, competitors, regulators etc.) Managing means: to keep all stakeholders at the same speed. Strategic Management Innovation Sustainability SustainnovateThe technological advance in business and society is at a growing speed.

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.

Green management performance

Norbert Bol

In the January 2017 issue of the Journal of Cleaner Production there is a study that has investigated the relationship between green management and the performance of Italian firms. The study shows that the relationship between green management and performance is U-shaped. The U-shaped performance makes clear that green initiatives can lead to a lower performance if there is not a comprehensive environmental management system.

Can mindfulness stimulate sustainability-oriented innovation?

Norbert Bol

Strategic Management Collaboration CSR Innovation Strategy Sustainability SustainnovateFor most of us in the Western hemisphere the summer holiday season is coming to an end and I sincerely hope that everybody enjoyed their summer holidays.

Where sustainability and innovation meet profitability

Norbert Bol

Strategic Management CSR Innovation Learning Sustainability SustainnovateThe title of this blog could also have been “What can we learn form family farming in the South East of Spain?”

Responsible and shared leadership

Norbert Bol

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. Strategic Management Innovation Leadership Learning Strategy SustainabilityLeadership can be found at any level of an organization. To make this work it must be possible in an organization to lead one another.

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.

Creating new meaning on value creation and innovation in sustainability transitions

Norbert Bol

As many of the readers know, I started more that twelve years ago a new venture to contribute to more responsible investing in real estate and infrastructure, by integrating investment management practices to engineering practices. Strategic Management Innovation Strategy Sustainability Sustainnovate‘If we are not capable of changing, then who is?’.

Are we doing enough? A blog about education and sustainability

Norbert Bol

Strategic Management Strategy Sustainability Innovation CSR Learning SustainnovateIn the previous Strategy Blog the importance of education was discussed and I added a poll with the question: “Do you think decision makers educate themselves enough about sustainability, innovation and entrepreneurship?” ” The majority of the voters indicated that decision makers do not educate themselves enough.

Creating more value in services

Norbert Bol

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.

Return on investing in social sustainability

Norbert Bol

In the November edition of the Strategic Management Journal Fosfuri et al. Strategic Management Journal., Strategic Management CSR Finance SustainabilityNowadays, many companies engage in social causes that are aligned with the social concerns of their customers. In the Strategy Blog “ Business sustainability and cost of equity ” it was shown that social sustainability has a more indirect effect to business performance.

Leadership in networked organizations

Norbert Bol

Journal of Engineering and Technology Management , 40 , 15-28. Strategic Management Innovation Leadership Learning StrategyAfter 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. What do leaders do?

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.

What is your approach to strategy? Two quotes on change give direction

Eddielogic

Every strategist and every business needs to make up his own guiding theme that gives him direction in the wide field … Continue reading → Quote Strategic Management Thinkers change strategic thinkers

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.

Social media: value creation through interaction

Norbert Bol

Industrial Marketing Management. Strategic Management Innovation Marketing StrategyLast week I wrote about how Facebook is becoming the innovation platform. Singaraju et al. 2016) point out that social media platforms should not only be viewed as a context in the communication, value co-creation or innovation between participants. A social media platform can be seen as an actor as well, when it is able to generate higher order information through specific algorithms.

B2C 49

Creative destruction: innovation for sustainability transition

Norbert Bol

Strategic Management Innovation Strategy SustainabilityDuring the United Nations conference on climate change in Paris earlier this month, nearly 200 countries agreed to limit global warming to 1,5C above pre-industrial levels and getting to net zero emissions between 2050 and 2100. The agreement on these goals are a great result of difficult negotiations. Achieving these goals are probably even more difficult if we do not change our behaviour.

Best Strategy Blog in 2015

Norbert Bol

The model points out that entrepreneurs can create together a more favourable environment by strategically working together on technology optimization and development, market creation and socio cultural changes, but also by coordinating these activities.

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. 2) Are you too busy to improve?

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.

Where sustainability and innovation meet profitability

Norbert Bol

Strategic Management CSR Innovation Learning Sustainability SustainnovateThe title of this blog could also have been “What can we learn form family farming in the South East of Spain?”

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. 2) Are you too busy to improve?

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

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.