ORGSTUDY 208 Lecture Notes - Lecture 19: Risk Management, Technological Change
15 Jun 2018
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● Innovation as a way that businesses bring about a competitive advantage
○ Difficult to innovate when only thinking about one aspect of a business
● Traditional vs. Sustainability Oriented Innovation:
○ Technological change
■ Transition of phones over time
○ Process, operating procedures, business model improvements,
○ Systems thinkings
■
● Opportunity:
○ Alignment between strategic capabilities
● Differences:
○ SOI (sustainability oriented innovation) is…
○ More integrated thinking
○ Connecting a wider range of considerations
○ Greater complexity
○ More ambiguity
● Nest
○ Learning component - the more you use it the more it adapts on its own
● Transition towards organizational sustainability oriented innovation:
○ Firms become systemic - interested in connections with society - rather than insular
(inwardly focused)
○ Innovation becomes integrate throughout the firm rather than a stand-alone, “add-on”
activity
○ Innovation incorporates social as well as technical considerations
○ Firms move from reducing harm to delivering benefits to society
● Varying Models of Sustainable Businesses
○ Categorizing different types of strategies business might take
■ Risk management: regulatory management
● Operational optimization:
○ Collaborations and relationships across stakeholder groups
■ Internal - sharing of info across functions, transfer of practices, a culture of
embedded sustainability
■ External suppliers, experts, partners - gaining complementary knowledge to
address complexity of sustainability
○ Capacity and climate for change
■ Leverage existing innovation capabilities
■ Communication, from the top, the direction and purpose of SOI
■ Integrate sustainability goals into processes
■ Track progress via specific metrics
○ Process innovation:
■ Design for sustainability - redesign existing processes; reduce energy waste and
pollution
■ Minimize, optimize current processes
■ Complete sustainability focused analytics
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
Innovation as a way that businesses bring about a competitive advantage. Difficult to innovate when only thinking about one aspect of a business. Learning component - the more you use it the more it adapts on its own. Firms become systemic - interested in connections with society - rather than insular (inwardly focused) Innovation becomes integrate throughout the firm rather than a stand-alone, add-on activity. Innovation incorporates social as well as technical considerations. Firms move from reducing harm to delivering benefits to society. Categorizing different types of strategies business might take. Internal - sharing of info across functions, transfer of practices, a culture of embedded sustainability. External suppliers, experts, partners - gaining complementary knowledge to address complexity of sustainability. Communication, from the top, the direction and purpose of soi. Design for sustainability - redesign existing processes; reduce energy waste and pollution. See how it fits into supply chain.
