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.

Three Symptoms You may Lack Strategic Focus (and what to do about it!)

Focused Momentum

A constant in strategic management is the need to respond quickly to perceived threats or potential opportunities. Strategic Focus Strategic ManagementMore than ever before, the speed of decision-making is as important as the decision 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

An Obstacle to Resolve or a Bona Fide Emerging Issue?

Focused Momentum

A measure of strategic management capabilities is how well a leadership team can balance responding to market conditions and staying focused on achieving objectives set out in a long-range strategic plan. Strategic Management

Three Steps to Discover Emerging Strategic Issues

Focused Momentum

In the last two posts, I discussed the need for renewing strategic thinking months before budgeting as another discipline of strategic management. Strategic Management

Are you missing the Forest for the Trees?

Focused Momentum

Data is front and center in today’s management team meetings. With so much focus on managing performance, are teams at risk of missing important success indicators missing from their data? Strategic Management

Slow down and move ahead - sounds like summer to me.

Focused Momentum

Strategic ManagementA slower pace, time to reconnect with friends and family, spending more time out of doors, or finally setting off on a trip months in the planning; these are all hallmarks of the summer months. Summer is also a time to start planning for next year. A bummer? Maybe.

Renew Strategic Thinking without Rewriting your Strategic Plan

Focused Momentum

Strategic thinking requires a shift in mindset from the problem-solving, now-oriented practice relied upon to manage transactions to a less linear, more chaotic future-oriented process in which problem-solving structures reaches their limits. Strategic Management

Sustain Strategic Focus: Align with External Cycles

Focused Momentum

Gaining a different perspective and discovering new influences on success are ideal outcomes of a robust strategic planning process. Strategic Management

Connect Progress with the Plan at Mid-Year.

Focused Momentum

There is so much time and attention taken by planning and managing that the equally important role of communicating is given short shrift. Strategic ManagementLeading a project, team, or company can feel all-consuming.

Technology and sustainability optimism

Norbert Bol

Strategic Management Strategy Sustainability Innovation Learning Technology NarrativeInnovative sustainable technology is considered to be positively contributing to sustainability.

At what speed do we close the green finance gap?

Norbert Bol

For example banks have strengthened their regulation, supervision and risk management under Basel III (an internationally agreed set of measures developed by the Basel Committee on Banking Supervision) with more emphasis on liquidity.

Sustainable futures based on Shakespeare

Norbert Bol

Last week I wrote about the use of narratives in strategic foresight using the speeches of Steve Jobs as examples (see last week’s blog ). Strategic Management Innovation Learning Narrative Strategic Foresight Strategy Sustainability

A happy and healthy 2019! Making sustainable choices

Norbert Bol

Strategic Management Innovation Strategy Sustainability SustainnovateAt the start of 2019 I wish everyone a happy and healthy 2019! Whatever in life we are planning to do to be happy and healthy, we have different options to choose when we are buying a product or a service.

Study 73

Strategic foresight: learning from Steve Jobs

Norbert Bol

The combination of vision and taking appropriate actions made him a great example of a discipline which is called strategic foresight. The best way to make sense of strategic foresight is by looking at the narratives that are being used (Sarpong et al.,

Corporate culture on sustainability

Norbert Bol

S ustainability issues are often multidimensional and cannot only be managed through logic. The authors show in their article that the framework can be used for management and measuring performance. Strategic Management Behaviour Business Culture Innovation Strategy Sustainability

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.

Sharing is caring?

Norbert Bol

Strategic Management Business Innovation Social Media Sustainability SustainnovateDo companies in the sharing economy care more about sustainability than companies in the traditional economy?

Green finance through shared savings

Norbert Bol

Strategic Management Collaboration Finance Green Investment Real Estate SharedSavings Strategy Sustainability TechnologyLast week I wrote about the “ green finance gap “, where investments in green technology suffer from a lack of financial resources and less attractive risk-return expectations compared to other investments.

Sustainable consumption to be happy and healthy?

Norbert Bol

Strategic Management Economy Happiness Innovation SustainabilityGrowing consumption does not increase happiness or health! In industrialized countries there is no increase in happiness or health when consumption grows (Fanning et al., 2019). From a sustainability perspective this can be an important finding as global human consumption today is already outstripping what the planet can reproduce.

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.

Is finance too low-tech to support sustainability innovations?

Norbert Bol

Strategic Management Collaboration Finance SustainabilityIn the october edition of Renewable and Sustainable Energy Reviews, Christensen et al. 2018) conclude that they were surprised about the low-tech financial decision rules that are being applied to green office investments.

Who should invest in CleanTech in the supply chain?

Norbert Bol

In modern supply chain management, sustainable supply chains are often seen as profitable supply chains. Strategic Management Business Finance Innovation Investment SupplyChain Sustainability TechnologyMore use of clean technologies in supply chains significantly reduce carbon- and other greenhouse gas emissions. However the cost of investment in clean technology is substantial.

Individual compentences for sustainable entrepreneurship and innovation

Norbert Bol

Six sustainability competences can be identified: Strategic management competence and action competence : the ability to collectively design projects, implement interventions, transitions, and strategies for sustainable development practices and the ability to actively involve oneself in responsible actions for the improvement of the sustainability of social ecological systems. They seem to integrate normative dimensions into other strategic, action and foresighted competences.

Is sustainability-centered marketing the way ahead?

Norbert Bol

Strategic Management Business Co-Creation Marketing SustainabilityA sustainability-centered marketing strategy is not leading to superior customer-brand relationships and fi rm performance. In general this is the outcome of a recent study by Mena et al. 2019) where they have compared three marketing strategies: Market-driven strategy with a focus on customers, employees and suppliers.

How sustainable consumption relates to knowledge, seriousness and culture

Norbert Bol

Strategic Management Consumption Economy Marketing Strategy SustainabilityAs we probably all know, we are currently consuming more than the planet can reproduce. The annual Earth Overshoot Day is happening sooner every year. Last year this day was 1 August.

Successful office investments in disruptive times

Norbert Bol

Strategic Management Innovation PropTech Real Estate Sustainability TechnologyLast week I gave a short presentation at the VIP Europe Conference of IREI in Amsterdam about the impact of innovation, technology and sustainability on office investments in the Netherlands. In this blog I want to share the main content my presentation in a more aggregated way. My key message is: Technology and sustainability have a positive impact on institutional office investments.

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

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.

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.

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?

Creative and critical thinking in innovation

Norbert Bol

Design thinking was suggested, but also it was suggested that the issues in our current economy should not be thought of as problems to be solved, but should be approached as conditions to be managed as if they were a chronic disease.

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

7 hurdles that prevent breakthrough sustainable innovations. How clients can help to overcome these hurdles!

Norbert Bol

Strategic ManagementMost companies nowadays understand the need to become more sustainable. In general it is fair to say that companies are making progress and have a positive intention to become more sustainable. So called breakthrough sustainability innovations are however scarce. Mostly because these type of innovations are complex and can not be done by one company alone or by a new startup. So what are the hurdles that prevent breakthrough sustainable innovations?