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.

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?

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

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.

Innovation in governments: Far Horizons?

Norbert Bol

Public Management Review , 1-11. Strategic Management Collaboration Innovation Strategy SustainabilityThe blog “ the sustainability innovation paradox ” triggered quite some discussions the last few weeks on the role of governments in innovations.

Apathy, Ambivalence and Annoyance in co-creation and gamification

Norbert Bol

Strategic Management Blog Co-Creation Collaboration Innovation MarketingIn this Strategy Blog I follow up on the topic of gamification. Specifically where potential users do not engage, because of their apathy, ambivalence or annoyance.

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.

Degrowth is more than an Oxymoron?

Norbert Bol

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

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. 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

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.

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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.

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.

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.

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.

Strategy and Boxes

Eddielogic

Strategic thinking and mental boxes are two things that don’t fit together very well. Strategic thinking – as well as creativity – has to take place outside well-known mental boxes. This genetic programming is probably one reason why all those management models and tools are so popular.

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.

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.

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.,

The impact of sustainability and innovation on business performance

Norbert Bol

Strategic Management CSR Innovation SustainabilityThere is scientific evidence that companies with a strong commitment to innovation and sustainability outperform competitors with lower commitments. In the International Business Review of October 2015 the researchers Costa, Lages & Hortinha show that the relationship between innovation, sustainability and business performance is more complex.

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.

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?”

Sustainable innovation: innovation driving sustainability

Norbert Bol

Companies can use sustainability in their process innovation, product or service innovation, market innovation, brand innovation, company innovation and strategic innovation. Journal of Management , 1446-1476. Strategic Management Innovation Strategy SustainabilityCompanies have a responsibility for the environment and society, but on the other hand companies cannot resolve all the environmental and social problems in the world.

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.

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?

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.

The best quotes from my September readings

Eddielogic

This is reflected in my favorite picks from this month’s readings: Chris Ertel and Lisa Kay Solomon state in Moments of Impact: How to Design Strategic Conversations That Accelerate Change. “If both again Chris Ertel and Lisa Kay Solomon in Moments of Impact: How to Design Strategic Conversations That Accelerate Change ). Interesting Ideas Quote Strategic Management Thinkers innovation strategic thinkers

Business sustainability and cost of equity

Norbert Bol

Strategic Management CSR Finance SustainabilityThere have been many studies towards sustainability and its effect on the cost of equity of a firm. In the October issue of the Journal of Corporate Finance an interesting study is presented on this topic by Ng & Rezaee (2015). This study not only includes the individual dimensions of sustainability performance as prior research has done, but it also includes the overall relationship.

Study 62

Responsibility for sustainability

Norbert Bol

Strategic Management CSR Leadership SustainabilityThe 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? Most business leaders describe their responsibility in terms of economic-, social- and ecological performance.

Creative independence to innovate together

Norbert Bol

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.

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.

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.

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?

Innovation through collaboration

Norbert Bol

Strategic Management Innovation StrategyIn the September 2015 issue of the Journal of Learning, Culture and Interaction, there is an interesting article (Ness & Riese, 2015) about how multidisciplinary groups can create innovation through collaboration. The article shows that it is not enough to bring together people with special expertise from different disciplines to develop innovative ideas. There are conditions that influence collaboration and therefore a successful outcome.

Sufficiency as the ultimate business strategy for sustainability?

Norbert Bol

Kyocera – document management system manufacturer: managing demand for printing and copying. Strategic Management CSR Innovation SustainabilityWhen companies are innovating for sustainability there are different strategies that can be pursued. In general these strategies aim to create positive benefits and/or to reduce negative impacts for society and nature. However all economic business models are still based on the stimulation of consumption.

Henry Mintzberg to achieve Thinkers50 Lifetime Achievement Award

Eddielogic

I have to admit that Henry Mintzberg is one of my favorite management and strategy writers. Hence, he took the liberty to critique widely accepted concepts like strategic Planning and MBA education. Since 2001 it has been ranking these gurus of the management world. Strategic Management Thinkers strategic thinkersThis year’s Thinkers50 ranking publication is getting closer.