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Is the Meaning of Work about to Change?
Rick GoingsOur world is facing a crisis cubed: Jobs are disappearing faster than they are being created; companies are struggling to attract people with the right skills; and people rightly worry how new technology will threaten their livelihoods. more[...]
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Growth: A Hard Habit to Break
Prof. Dr. Felix EkardtIf we are to take the Paris Agreement on climate change seriously, growth-driven society is on the way out. But greed is part of the human condition, and no one knows what life without growth would be like. more[...]
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Does Firm Innovation Affect CSR? What the Academics Say
Is a sustainable company more innovative or, vice versa, is an innovative company more in favor of sustainability? And is there any link between innovation and CSR? Two notable academic studies help us to answer these questions. The first one is from Rui Shen, Yi Tang, and Ying Zhang and was published as a Harvard Business School Working Paper in 2016 using a sampling of 3,315 publicly-listed US firms from 2001 through 2011. The second study was conducted by Xinghua Gao and Yonghong Jia, both from Governors State University, Illinois, and published in September 2015. To better understand how different aspects of CSR influence corporate innovation outcomes, the authors examined five social dimensions: community, diversity, employee relations, the environment, and products. more[...]
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Capitalism Is Chaos
Economics wunderkind Joseph Schumpeter (1883-1950) rought us concepts such as “innovation,” “venture capital,” and “corporate strategy.” But above all he is the father of the concept of“creative destruction”. He enriched the three classic factors of production – land, labor, and capital – with an essential fourth dimension: entrepreneurship. more[...]
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Sustainability-Oriented Innovation: A Bridge to Breakthroughs
Prof. Dr. Jason Jay“Innovate or die” has become almost a mantra for companies in this era of rapid technological change and globalization. When we consider such conditions as extreme air pollution in Beijing, factory collapses in Bangladesh, drought in California, and deadly heat waves in India, the darker side of this foundational belief stands out in high relief. Yet we continue to settle for and cling to consumption-based business models that add to these global threats. Many large companies have survived and thrived for decades by selling high-calorie, sugary drinks or distributing apparel made by people working in extreme poverty for unfair wages in unsafe conditions. more[...]
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Disruptive Innovation
Editorial TeamThe idea of sustainability is based on the certitude that we have planetary boundaries. the wwF vividly illustrates this with “earth overshoot day.” It describes the day of the year on which human demands on natural resources exceed the capacity of the earth to reproduce these resources. Presently, earth overshoot day is at the beginning of august. From then onward, we are looting our resources. What does this mean for corporate sustainability? Business must fit into planetary boundaries. this probably will not work with traditional business models. that is why we need new, fresh ideas. we need change, even when it happens in a rough, disruptive way. and the earlier the better. when you talk about the Sustainable development Goals, you have to talk about sustainable innovation. the SGds are the agenda, innovation is the pathway. more[...]
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Too Big to Fail? Introduction to the Concept of Disruptive Innovation
Dr. Elmer LenzenEvery CEO generation has its own management buzz words. In the 1990s “re-engineering” was in fashion, then came “offshoring”, and today it is probably “disruptive innovation.” The concept was coined by Clayton M. Christensen, a Harvard Business School professor who introduced the wording in his 1995 article “Disruptive Technologies: Catching the Wave.” Two years later in his book The Innovator’s Dilemma, Christensen replaced the term disruptive technology with disruptive innovation. That was groundbreaking because he recognized that few technologies are intrinsically disruptive; rather, it is the business model behind it that disrupts and reinvents markets. more[...]
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Corporate Social Innovation is the New Corporate Social Responsibility
Elizabeth Boggs DavidsenA new trend in international development has paired some unlikely business partners: development finance institutions and impact investors are working with large multinational corporations to fund projects that advance both development and business agendas. more[...]
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How to Be an Intrapreneur
Perry YeatmanEvery great innovation begins with an idea. Every great achievement requires a champion. Scientists. Explorers. Adventurers. Entrepreneurs. more[...]
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