Sustainable strategic management / Jean Garner Stead and W. Edward Stead.

Format:

Book

Author/Creator:

Stead, W. Edward.

Contributor:

Stead, Jean Garner.

Language:

English

Subjects (All):

Sustainable development.

Strategic planning.

Management.

Physical Description:

xv, 287 pages : illustrations ; 24 cm

Edition:

Second edition.

Place of Publication:

Armonk, New York ; London, England : M.E. Sharpe, [2014]

Summary:

"Sustainable strategic management" refers to strategic management policies and processes that seek competitive advantages consistent with a core value of environmental sustainability. This book has been specifically written as a text to augment traditional graduate and undergraduate management courses on strategic management It fills the need for a strategy text that gives full attention to sustainability and environmental protection. The authors have structured the book to follow the usual order of topics in any standard management text. Sustainable Strategic Management also features an on-going, chapter-by-chapter case study (Eastman Chemical Company) that exemplifies many of the principles of environmentally sound management practices. From creating organizational visions, to formulating goals and strategies to strategy implementation and evaluation, this book provides readers with new ways of thinking about their organization's role in the greater society, and ecosystem. From the Authors' Preface, Ours is the first book to integrate sustainability into strategic management. It covers the full gamut of strategic management concepts and processes that would be expected in any quality strategic management book, and it does so in a way that thoroughly weaves sustainability into each and every one of them. Students using this book understand such things as: why reducing materials and energy intensity, is an effective functional-level strategy, why socially differentiated products command premium prices, and why a business ecosystem pursuing a vision of social and ecological responsibility can dominate its market Further, because the book is relatively short, reasonably priced, and very thorough in its coverage of strategic management concepts and ideas, it can be used either as a stand-alone text for graduate and undergraduate strategic management courses, as a supplement to another book, or as one of a group of short texts. Praise for Sustainable Strategic Management Book jacket.

Contents:

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.

Notes:

Includes bibliographical references (pages 251-269) and index.

ISBN:

9780765635440

0765635445

9780765635457

0765635453

OCLC:

828056124