Sustainable Strategic Management / Edition 2

by Jean Garner Stead, W Edward Stead

Overview

Sustainable strategic management (SSM) involves analysing, formulating, and implementing business strategies that are economically competitive, socially responsible, and in balance with the cycles of nature. SSM has emerged from the coevolutionary interactions of business organisations with the society they serve and the planet they call home. SSM strategic portfolios allow organisations to create competitive advantages by serving as agents of social change and ecological protection.

This book has been specifically written as a text for traditional graduate and undergraduate strategic management courses, and its short length makes appropriate as a supplementary text in these courses as well. The authors have structured the book to follow the standard strategic management process, and they have included an ongoing descriptive case on Eastman Chemical Company designed to provide an in-depth example of the concepts presented in the chapters.

From creating organisational visions and missions, to formulating, implementing, and evaluating goals and strategies, this book provides readers with new ways of thinking about their organisation's strategic role in the greater society and ecosystem now and in the future.

Product Details

ISBN-13:	9780765635457
Publisher:	Taylor & Francis
Publication date:	08/01/2013
Edition description:	New Edition
Pages:	304
Product dimensions:	5.90(w) x 8.90(h) x 0.90(d)

About the Author

Jean Garner Stead, W Edward Stead

Table of Contents

List of Table, Figures, and Case Exhibits xi

Preface xiii

1 The Emergence of Sustainable Strategic Management 3

Case Vignette 1: Creating Value Through Sustainability at Eastman Chemical Company 3

The Changing Economic Worldview 7

Pursuing the Triple Bottom Line 10

Coevolution and Organizational Survival 11

Transformational Change: A Critical Pathway to Organizational Sustainability 14

From Strategic Planning to Sustainable Strategic Management 15

Chapter Summary 26

2 In Search of Sustainability 28

The Science of Sustainability 28

The Issue Wheel: Carrying Capacity Meets the Human Footprint 33

Ecological Sustainability: Management Happens on Earth 38

Social Sustainability: Searching for Equity 46

Sustainability: A New Way of Thinking 54

Chapter Summary 56

Case Vignette 2: The Meaning of Sustainability at Eastman Chemical Company 57

3 Environmental Analysis for Sustainable Strategic Management 60

The Coevolving Factors Determining Environmental Turbulence 61

The Coevolving Sectors of the Macro Environment 63

Traditional Industry Analysis 70

Business Ecosystems: Ideal Structures for Sustainable Strategic Management 77

The Coevolving Markets of the World 88

Environmental Forecasting 91

Chapter Summary 95

Case Vignette 3: A Brief Environmental History of the Chemical Industry 96

4 SSM Resource Assessment 99

The Resources of the Firm 99

SSM Resource Assessment Data-Gathering Tools 109

Analyzing and Evaluating Resources and Capabilities to Build Core Competencies 117

Creating Stakeholder Value via Eco- and Socio-Efficiency 121

Beyond Eco- and Socio-Efficiency: Eco- and Socio-Effectiveness 125

Chapter Summary 128

Case Vignette 4: Eco-Efficiency at Eastman Chemical Company 129

5 SSM Competitive Level Strategies 131

The Nature of Competitive Level Strategies 131

SSM Competitive Level Strategies 139

Strategies Dependent on Relative Competitive Position and Market Type 149

Chapter Summary 166

Case Vignette 5: Product Stewardship at Eastman Chemical Company 167

6 SSM Corporate Level Strategy 170

Corporate Expansion Strategies 172

The Build or Buy Decision 183

Retrenchment and Restructuring Strategies 187

SSM Corporate Portfolio 190

Chapter Summary 201

Case Vignette 6: Corporate Strategy at Eastman Chemical Company 202

7 Choosing and Implementing SSM Strategies 206

Choosing Portfolios of SSM Strategies 206

Instilling SSM Value Systems 214

Creating Meaning Beyond Profit 217

Designing Self-Renewing Learning Structures 221

Establishing Transformational Change Processes 224

Chapter Summary 226

Case Vignette 7: Strategies, Structures, and Processes for Implementing SSM at Eastman Chemical Company 227

8 Organizational Governance and Strategic Leadership in SSM 231

Establishing Effective Corporate Governance Mechanisms for SSM 231

Emerging Perspectives on Organizational Leadership 239

Effective Business Ecosystem Leadership 245

Building Trusting Relationships 246

Chapter Summary 247

Case Vignette 8: Strategic Leadership at Eastman Chemical Company 248

Bibliography 251

Index 270

About the Authors 286