The Responsible Business: Reimagining Sustainability and Success

Overview

"When most people think of corporate responsibility, they are focusing on a business's effect on and relationship to stakeholders. A Responsible Business sees stakeholders as full partners and meaningful instruments for the evolution of healthier communities and more successful businesses."
from the Introduction

The Responsible Business offers a new and strategic approach to doing business that holistically integrates responsibility into all aspects of an organization, allowing...

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Overview

"When most people think of corporate responsibility, they are focusing on a business's effect on and relationship to stakeholders. A Responsible Business sees stakeholders as full partners and meaningful instruments for the evolution of healthier communities and more successful businesses."
from the Introduction

The Responsible Business offers a new and strategic approach to doing business that holistically integrates responsibility into all aspects of an organization, allowing for returns at every level, business and social. This book goes beyond the often well intentioned but limited attempts at sustainability to present a framework that allows organizations to bring responsibility into everything they do and re-imagine success. From innovation, product development, and production processes to business management, strategic planning, and shareholder development, the author shows how being a Responsible Business is a practical skill that can be applied day-to-day at every level of the business.

No longer just the role of a department or the job of CSR professionals, successful responsibility and business efforts start at the business level, are then taken to the corporate level, and are finally applied throughout the organization. The Responsible Business outlines a framework for building a responsibility and consciousness infrastructure that applies a living systems view to the business and inspires all of its stakeholders, including shareholders.

Throughout the book, illustrated by examples from technology to manufacturing, large and small, public and private, Sanford demonstrates how to make responsibility integral to all aspects of a business as an engine for innovation, profitability, and purpose.

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Product Details

  • ISBN-13: 9780470648681
  • Publisher: Wiley
  • Publication date: 3/15/2011
  • Edition number: 1
  • Pages: 368
  • Sales rank: 990,112
  • Product dimensions: 6.00 (w) x 9.10 (h) x 1.30 (d)

Meet the Author

Carol Sanford has been the CEO of InterOctave, Inc., a global business resource to Fortune 500 and new economy businesses large and small, for over thirty years. In addition, Carol lectures at universities such as MIT Sloan School of Management, University of Washington Foster School of Business, and University of Michigan Ross School of Business on sustainability, business innovation, and corporate responsibility. Visit www.TheResponsibleBusiness.com for additional content and information.
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Table of Contents

A Foreword from the Boardroom (Chad Holliday).

A Foreword from Academia (Rebecca Henderson).

Acknowledgments.

Prologue: A New Business Mind.

Procter & Gamble (P&G): Responsibility Prototype.

P&G's Guiding Principles.

Bringing It Home.

Introduction: The Responsible Business.

New Problem, Old Mind.

Evolve Corporate Responsibility by Evolving Business Responsibility.

Three Forks in the Road to Responsibility.

A Framework for the Responsible Business.

From Add-on Responsibility to Full-on Responsibility.

About This Book.

About the Author.

Part One The Responsible Business: Reimagining Businesses of the Future.

1 Stories from Three Continents.

Herban Feast: Caring for Customers.

Kingsford: Creating Collaboratively.

Colgate, South Africa: Localizing Identity and Destiny.

Seventh Generation: Regenerating Planetary Systems.

E. I. DuPont: Engaging Shareholder Value.

Panning for Gold.

Conclusions.

2 Stakeholders as Systemic Collaborators.

The Meaning of Stakeholder.

Stand in the Stakeholder's Shoes.

Stakeholders Affect Responsibility.

Five Key Stakeholders and Their Stakes.

Conclusions.

3 Geometry of the Responsible Business.

Systemic Stakeholder Framework.

The Logic of the Pentad.

Integrate Stakeholder Initiatives.

Conclusions.

4 Be Value-Adding, Not Value-Added.

Value-Added Is Not Value-Adding.

Energize Caring Through Value-Adding Processes.

Five Stakeholder Imperatives.

Conclusions.

5 Making the Responsible Business Pentad Work.

Revolutionizing Business Models: Red Hat.

From Commodity to Nondisplaceability: Kingsford.

Deeply Connect to Your Customer: Herban Feast.

Mission-Driven Meets Future-Proof: Seventh Generation.

Change the World by Changing the Business: Colgate, South Africa.

Conclusions.

Part Two Making It Work: The Map to the Territory.

6 Teaching an Organization to Star.

Retrofit an Existing Business.

Reverse Phases for a Start-up Responsible Business.

Conclusions.

7 Nonhierarchical Decision Making.

Hierarchical Management Is Irresponsible.

Self-Organizing Decision Making Is Responsible.

Four Self-Organizing Capabilities.

Conclusions.

Part Three Irresponsibility Happens: Reframing How Change Works.

8 Responsibility Running Backward.

Running Faster in the Wrong Direction.

A 360-Degree Business Perspective.

Make Something for Someone.

From Backward to Forward Spin.

Conclusions.

9 Our Own Worst Enemies: Turning People Around.

Brain Works.

Three-Brained Decision Making.

Triad of Mental Frames.

Familiarity Is the Enemy of Creativity.

Incentives Narrow the Mind.

Narrower Frames of Reference Cause the Pentad to Spin Backward.

Leading from the Purposeful Mental Frame.

Personal Development and Critical Thinking Skills.

Conclusions.

10 Cautionary Tales: Design for Prevention and Cure.

Six Common Hazards.

An Ounce of Prevention.

Conclusions.

Part Four The Big Picture of Responsibility.

11 A Responsible View of Capital.

Stakeholder Return on Investment (ROI).

Conclusions.

12 Assessing Responsibility.

Systemic Responsibility Indicators.

Conclusions.

13 The Future of Responsibility.

Getting from Here to There.

Alternative Business Approaches.

Responsible Investing Within the Current Legal Framework.

Conclusions.

Epilogue: Developing Capability for Responsibility.

Three Capabilities Underlying Responsibility.

A Final Reflection.

Notes.

Index.

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