The Strategic Management Process

Cascade Strategy

Strategic management refers to how organizations define the business outcomes that they want to achieve, and then how they will utilize their resources to achieve those outcomes. Strategic management covers strategic planning , implementation and strategy iteration.

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. In this series, I will take you through four steps to guide any organization through the first critical months of strategy implementation.

Don’t Bite! Your mantra to successfully lead strategy implementation.

Focused Momentum

But in strategy development, the enthusiasm of working hard to create brilliant new thinking can quickly fade when you get to the implementation phase. Strategic ManagementIf you are like most of us, building something you're proud of makes you excited to share it.

20 Of The Best Strategy Tools For Your Organization

Cascade Strategy

Strategy is a huge deal for most organizations. That's why we've compiled this comprehensive guide to the best strategy tools available. What's more, we've broken down the different strategy tools into the difference phases of the strategic management process.

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

Norbert Bol

Today I am writing my 100th blog post on Strategy Blogs. When I started to blog about strategy, innovation and sustainability, I had no experience in blogging. A topic that is relevant for all of us, regardless if we are a manager, an employee, a consumer or an investor.

Strategy Quotes Part 4

CMOE

This section will cover inspirational quotes about strategic management. The post Strategy Quotes Part 4 appeared first on CMOE. Strategic Priorities Strategic Success Strategic Thinking Strategy

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

Strategy and Boxes

Eddielogic

During my readings I came across two very different quotas about the problem with strategy and boxes or categories. Strategic thinking and mental boxes are two things that don’t fit together very well. The post Strategy and Boxes appeared first on Eddielogic.

Best Strategy Blog in 2015

Norbert Bol

It also shows why sustainability is a great strategy. This article provides a strategy framework for entrepreneurs to collectively build a more favourable environment for their sustainable innovations (see fig 1). Strategic Management Innovation 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. 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

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. 11 Ideas to Make a Strategic Planning Process More Fun!

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.

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

Eddielogic

As with many things, it is much easier to write about good strategy making than to actually do it.

Sufficiency as the ultimate business strategy for sustainability?

Norbert Bol

When 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. In a sufficiency-based approach however an alternative approach is taken to doing business as it is seeking to reduce or moderate consumption in addition to other sustainability strategies. Strategic Management CSR Innovation Sustainability

Technology and sustainability optimism

Norbert Bol

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

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.

Bridging the gap between sustainability strategy formulation and implementation

Norbert Bol

Formulating a sustainability strategy can be a challenging task. Implementing the strategy in an organization is even a bigger challenge. Implementing a sustainability strategy is even very demanding if there is a clear vision of sustainability, the sustainability strategy is clearly formulated and there is considerable willingness to engage in further action on sustainability implementation. Strategic Management CSR Innovation Leadership Sustainability

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 ). The allegory can be a useful tool to reflect and to challenge the story of a company, strategy or issue and to anticipate alternative futures. .

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.

A happy and healthy 2019! Making sustainable choices

Norbert Bol

Business Strategy and the Environment. Strategic Management Innovation Strategy Sustainability SustainnovateAt the start of 2019 I wish everyone a happy and healthy 2019!

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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. This discipline includes all activities related to forecasting, scenario analysis, action planning and decision making about strategy.

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

Don't be Afraid to Make Radical Changes

Focused Momentum

In a strategy session, when the group comes right up to a big possibly radical decision and stops, I am known to say, “Come on, we all put our big girl and big boy pants on today.” Strategic Management

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.

Begin with the Change You Want to Create.

Focused Momentum

Strategic planning efforts ideally create a long-term “road map” leading to future success. This blog series offers five tweaks to how you lead through strategy implementation to strengthen strategic results. Strategic Management

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.

Branding Strategy – 14 Articles on Engaging an Internal Brand Team

BrainZooming

I am in New York today delivering a Brainzooming branding strategy workshop on Engaging Your Internal Brand Team. The event is the Brand Strategy Conference. Our content addresses collaborative ways to strategically engage employees in creating and delivering the best brand experience.

9 Strategic Thinking Questions – Helping Teams Execute Strategy

BrainZooming

Many organizations are in the early stages of executing new strategies for this year. That is when you discover whether you have a solid, implementable plan or something that (maybe) looks good on paper, but doesn’t work well when you try to execute the strategy.

Content Marketing Strategy – 5 Things Your Content Can Deliver

BrainZooming

What a strong first day at the Brand Strategy Conference in New York. The kickoff presentation on the first day was from Kodi Foster, Vice President – Data Strategy at Viacom. Five Things Your Content Marketing Strategy Should Deliver.

How sustainable consumption relates to knowledge, seriousness and culture

Norbert Bol

Stimulating sustainable consumption, by policy makers or companies, can not be done adopting a single strategy. Depending on the level of knowledge and perceived seriousness and the culture of the consumer a specific strategy should be formulated.

Internal Branding Strategy – 1 Way to Stop Horrible Executive Videos

BrainZooming

That’s not the way to advance an internal branding strategy. 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!

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Is sustainability-centered marketing the way ahead?

Norbert Bol

A sustainability-centered marketing strategy is not leading to superior customer-brand relationships and fi rm performance. 2019) where they have compared three marketing strategies: Market-driven strategy with a focus on customers, employees and suppliers. Stakeholder-focused strategy that includes customers, employees and suppliers but also shareholders, communities, and regulators. . Strategic Management Business Co-Creation Marketing Sustainability

Innovation in governments: Far Horizons?

Norbert Bol

There are hierarchical, competitive and collaborative strategies. To find innovative solutions for the more complex and unruly problems it is generally accepted that multi-actor collaboration is superior to both hierarchy and competitive strategies. Public Management Review , 1-11.

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.

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. Strategic Management Business Collaboration Innovation Leaderschip Sustainability

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.

Return on investing in social sustainability

Norbert Bol

In the Strategy Blog “ Business sustainability and cost of equity ” it was shown that social sustainability has a more indirect effect to business performance. 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.

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.,

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. Learning From Learning Theory A Model of Organizational Adoption Strategies at the Microfoundations of Institutional Theory. Journal of Management , 1446-1476. Strategic Management Innovation Strategy Sustainability

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.

Can mindfulness stimulate sustainability-oriented innovation?

Norbert Bol

The coming Strategy Blogs shall be focused more on sustainability-oriented innovations. Strategic Management Collaboration CSR Innovation Strategy Sustainability Sustainnovate

Is the Circular Economy lost in transition?

Norbert Bol

In an era where technological advance is at an exponential growth speed, the government can be a great enabler for innovation speed instead of hindering progress as mentioned in last week’s Strategy Blog: The sustainable innovation paradox. Next week is the Dutch Circular Economy Week.