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Posts Tagged ‘leadership sustainability’

“The best time to plant a tree was 20 years ago. The second best time is now.”
~ Chinese Proverb
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Decisions to align executive packages to objectives is not a new idea. However, to illustrate how some companies are seriously taking Sustainability, forward-thinking corporations are doing just that. In January 2014, more than 1600 global business leaders attended Davos 2014 World Economic Forum in Switzerland. The hot topic, ‘doing business the right way’.

A kick-off panel introduced a new and radical strategy on executive packages and aligning efforts to Corporate Social Responsibility (CSR). Panel members included PepsiCo CEO Indra Nooyi and Pricewaterhouse chairman Dennis Nally, both are considered global leaders in promoting Sustainability.

Today, some 269 company’s in the Standard and Poor’s 500 Index are considering implementing some Sustainability measures relating to environmental and social issues. Two examples are: Intel, computer chip maker maker, and Alcoa one of the largest producer of aluminum.

“For sustainable solutions you have to have a responsible private sector,” says Stephan Tanda, top executive of Royal DSM NV(a Dutch-headquartered life and materials science company). “But it’s also good business. We are not philanthropists. We absolutely believe that Sustainability is good for business, otherwise we wouldn’t have that in there.”

To read more about incentives that affect executive behavior, read how the incentives are taken seriously: http://www.bbc.com/capital/story/20140122-the-big-payback

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Building a bridge to benefits thumbnail

Owners, Executive and other Leaders are investigating a global world concerned about Sustainability, that type of understanding can be difficult to obtain. In early December 2013, I published my second book entitled “Building a Bridge to Benefits”. If you are interested in reading about the book or want to purchase copies today, here is the link to CreateSpace, an Amazon company, go to: Building a Bridge to Benefits –  Password: book2013  Discount: A37ZVRKK
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Contact information and Services
A Certified Sustainability and Quality consultancy
•    Sustainability and Quality Consulting
•    Sustainability and Quality Workshops
•    Sustainability and Quality Speaking Engagements

Jarvis Business Solutions, LLC

Toll Free: (888) 743-3128
Email: Ralph.Jarvis@JarvisBusinessSolutions.com
Web site: http://www.JarvisBusinessSolutions.com

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“I am not a product of my circumstances. I am a product of my decisions.”
~ Stephen Covey
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Decisions, decisions, decisions – and they don’t stop with Sustainability. In fact, they place executives and executive decisions on the carpet each time they make financial corporate decisions. Although the complexity of the enterprise can be simplified, decision-making that considers more than financial consequences can put social and environmental levels in a tug of war – moving away from a financial centric decision to a Sustainability decision that reflects a holistic perspective.

Most of today’s executives were indoctrinated under the economic doctrine of Dr. Milton Friedman. Friedman, who has argued that the primary responsibility of business is to make a profit for its owners, albeit while complying with the law. According to this view, the self-interested actions of millions of participants in free markets will, from a utilitarian perspective, lead to positive outcomes for society. If the operation of the free market cannot solve a social problem, it becomes the responsibility of government, not business, to address the issue.[1]

Friedman also argued against CSR. He believed that management is to make as much money as possible within the limits of the law and ethical customs. He argued that the primary responsibility of business is to make a profit for its owners, albeit while complying with the law. According to Friedman, an agency theory perspective implies that CSR was a misuse of corporate resources that would be better spent on valued-added internal projects or returned to shareholders. It also suggested that CSR was an executive perk, in the sense that managers use CSR to advance their careers or other personal agendas[2]. If the operation of the free market cannot solve a social problem, it becomes the responsibility of government, not business, to address the issue[3].

So why would any executive or owner want to take a journey that could be more complex, filled with harder decisions, juggle the tensions between stakeholders and shareholders and for what? I think Ray Anderson said it best; “And I have not mentioned the value of a tree and removing carbon dioxide, a greenhouse gas, from the atmosphere, sequestering carbon, and producing oxygen for us to breathe, nor the songs of birds that are heard no more where the forests used to be. Neither have I mentioned the disease spreading insects that now proliferate unchecked because of the birds, their predators are gone, resulting in an increase in encephalitis in the children of the region. So you see, there are serious questions to be raised about the traditional calculation a profit on the sale of timber harvested from clear-cut forest.”[4] So, we are all products of our decisions and Sustainability is a commitment to do the right thing.

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[1] CORPORATE SOCIAL RESPONSIBILITY, Reference for Business; Encyclopedia of Small Business; Retieved: 12 Sep 2011
[2] McWilliams, Abagail; Siegel, Donald S. and Wright, Patrick M.; Corporate Social Responsibility: Strategic Implications; Journal of Management Studies 43:1 January 2006
[3] Corporate Social Responsibility, Reference for Business; Encyclopedia of Small Business; Retrieved: 12 Sep 2011
[4] Anderson, Ray C.; Mid-Course Correction, Chelsea Green publishing Company, White River Junction, Vermont, 3rd printing September 2005

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Building a bridge to benefits thumbnail

Owners, Executive and other Leaders are investigating a global world concerned about Sustainability, that type of understanding can be difficult to obtain. In early December 2013, I published my second book entitled “Building a Bridge to Benefits”. If you are interested in reading about the book or want to purchase copies today, here is the link to CreateSpace, an Amazon company, go to: Building a Bridge to Benefits –  Password: book2013  Discount: A37ZVRKK
______________________________________

Contact information and Services
A Certified Sustainability and Quality consultancy
•    Sustainability and Quality Consulting
•    Sustainability and Quality Workshops
•    Sustainability and Quality Speaking Engagements

Jarvis Business Solutions, LLC

Toll Free: (888) 743-3128
Email: Ralph.Jarvis@JarvisBusinessSolutions.com
Web site: http://www.JarvisBusinessSolutions.com

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“The most difficult thing is the decision to act, the rest is merely tenacity.” ~Amelia Earhart
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Embrace transformation for yourself and your business, to adapt, to grow, to innovate and to win with a competitive advantage.
Thought of the week: “Learn to adjust yourself to the conditions you have to endure, but make a point of trying to alter or correct conditions so that they are most favorable to you.” ~William Frederick Book

______________________________________

Building a bridge to benefits thumbnail

Owners, Executive and other Leaders are investigating a global world concerned about Sustainability, that type of understanding can be difficult to obtain. In early December 2013, I published my second book entitled “Building a Bridge to Benefits”. If you are interested in reading about the book or want to purchase copies today, here is the link to CreateSpace, an Amazon company, go to: https://www.createspace.com/4532590
______________________________________

Contact information and Services
A Certified Sustainability and Quality consultancy
•    Sustainability and Quality Consulting
•    Sustainability and Quality Workshops
•    Sustainability and Quality Speaking Engagements

Jarvis Business Solutions, LLC

Toll Free: (888) 743-3128
Email: Ralph.Jarvis@JarvisBusinessSolutions.com
Web site: http://www.JarvisBusinessSolutions.com

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“The art of life is a constant readjustment to our surroundings.”
~Kakuzo Okakaura
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Herb Kelleher is often quoted as saying; “If you don’t change, you die.” When asked by his successor, Gary Kelly, to expand on that notion, he said, “If things change faster outside your company than they change inside your company, then you have something to worry about.”

Change is often called the “business constant”. For change in the marketplace, the government, regulations, Customer needs and wants, various forms of technology, even the issues of land, water and air are variables that influence business and your enterprise. So, I agree whole heartedly with Mr. Kelleher and Mr. Kelly.

The beliefs of Mr. Kelleher and Mr. Kelly are substantiated by McKinsey & Company research. Their experience with scores of major transformation efforts, combined with research they have undertaken over the past decade, suggests that four key functions collectively define a successful role for the CEO in a enterprise transformation:

  1. Making the transformation meaningful. People will go to extraordinary lengths for causes they believe in, and a powerful transformation story will create and reinforce their commitment. The ultimate impact of the story depends on the CEO’s willingness to make the transformation personal, to engage others openly, and to spotlight successes as they emerge.
  2. Role-modeling desired mind-sets and behavior. Successful CEOs typically embark on their own personal transformation journey. Their actions encourage employees to support and practice the new types of behavior.
  3. Building a strong and committed top team. To harness the transformative power of the top team, CEOs must make tough decisions about who has the ability and motivation to make the journey.
  4. Relentlessly pursuing impact. There is no substitute for CEOs rolling up their sleeves and getting personally involved when significant financial and symbolic value is at stake[1].

Change is preparing your organization to lead and be proactive ahead of a change curve. Read this article and understand some of the insights gleaned from Southwest airlines are important. http://tinyurl.com/lxoxyqk

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[1] Aiken, Carolyn B.  and Keller, Scott P.; The CEO’s role in leading transformation; Insights & Publications; February 2007

______________________________________

Building a bridge to benefits thumbnail

Owners, Executive and other Leaders are investigating a global world concerned about Sustainability, that type of understanding can be difficult to obtain. In early December 2013, I published my second book entitled “Building a Bridge to Benefits”. If you are interested in reading about the book or want to purchase copies today, here is the link to CreateSpace, an Amazon company, go to: https://www.createspace.com/4532590
______________________________________

Contact information and Services
A Certified Sustainability and Quality consultancy
•    Sustainability and Quality Consulting
•    Sustainability and Quality Workshops
•    Sustainability and Quality Speaking Engagements

Jarvis Business Solutions, LLC

Toll Free: (888) 743-3128
Email: Ralph.Jarvis@JarvisBusinessSolutions.com
Web site: http://www.JarvisBusinessSolutions.com

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