Delivering Sustainable Competitiveness

Global trends such as climate change, digitalisation, enhanced concepts of democracy and the consequences of the 2008 financial crisis are changing the playing field of cities across the world. Urban development objectives are shifting away from being purely concerned with wealth creation and competitiveness, to increasingly combining social and environmental dimensions. In this context, how can cities influence and sustain their competitive position over time? Which new types of urban strategies are emerging, and which organising capacities are proving the most important? This book provides insight into the complex issue of delivering sustainable competitiveness by analysing a number of innovative urban development strategies in context. Questions and topics addressed include: how can new legacies of city events be secured; how can clean technology industries be nurtured through urban regeneration initiatives; and how can the impact of urban safety strategies be enhanced? These and other pivotal questions are explored through close attention to the enabling factors linking ideas with results, such as distributed leadership, collaboration, communication and experimentation. Combining case studies from Europe, Africa, South America and Southeast Asia, the book provides a truly international perspective on the potentials and limitations of a new generation of urban development and competitiveness strategies.

Global trends such as climate change, digitalisation, enhanced concepts of democracy and the consequences of the 2008 financial crisis are changing the playing field of cities across the world. Urban development objectives are shifting away from being purely concerned with wealth creation and competitiveness, to increasingly combining social and environmental dimensions. In this context, how can cities influence and sustain their competitive position over time? Which new types of urban strategies are emerging, and which organising capacities are proving the most important? This book provides insight into the complex issue of delivering sustainable competitiveness by analysing a number of innovative urban development strategies in context. Questions and topics addressed include: how can new legacies of city events be secured; how can clean technology industries be nurtured through urban regeneration initiatives; and how can the impact of urban safety strategies be enhanced? These and other pivotal questions are explored through close attention to the enabling factors linking ideas with results, such as distributed leadership, collaboration, communication and experimentation. Combining case studies from Europe, Africa, South America and Southeast Asia, the book provides a truly international perspective on the potentials and limitations of a new generation of urban development and competitiveness strategies.

This book discusses the main issues, challenges, opportunities, and trends involving the interactions between academia, industry, government and society. Specifically, it aims to explore how these interactions enhance the ways in which companies deliver products and services in order to achieve sustainable competitiveness in the marketplace. Sustainable competitiveness has been widely discussed by academics and practitioners, considering the importance of protecting the environment while sustaining the economic goals of organizations. The Quintuple Helix innovation model is a framework for facilitating knowledge, innovation and sustainable competitive advantage. It embeds the Triple and the Quadruple Helix models by adding a fifth helix, the “natural environment.” The Triple Helix model focuses on the university-industry-government triad, while the Quadruple adds civil society (the media- and culture-driven public) as a fourth helix. The Quintuple Helix model facilitates research, public policy, and practical application of sustainable competitiveness principles. Applying the most recent developments and theoretical insights of this model, the contributors to this volume address such questions as: how do government, academia, industry and civil society actors interact for promoting sustainable competitiveness at the country (regional) level? How do these actors influence sustainable operations management at the company (business) level? In so doing, they shed new light on the dynamics of economic growth, sustainability and competitiveness.

Companies know how to meet the demands of shareholder value: years of managerial excellence testify to this achievement. Many also know how to create stakeholder value – through traditional approaches such as CSR and philanthropy which predictably lead to trade-offs and added costs. What remains elusive is discovering is how to meet both shareholder and stakeholder requirements in the core business – without mediocrity and without compromise – creating value for the company that cannot be disentangled from the value it creates for society and the environment. What if sustainability was embedded into the DNA of your organization? How can you incorporate environmental, health and social value into its very core? Many companies, despite their best intentions, "bolt on" sustainability as an afterthought to their core strategies. They trumpet green initiatives and social philanthropy which lie at the margins of the business, with symbolic wins that inadvertently highlight the unsustainability of the rest of their activities. Today's ecological and social pressures require a different business response – one that existing strategy frameworks fail adequately to address. In Embedded Sustainability, authors Chris Laszlo and Nadya Zhexembayeva explain and predict how companies can better leverage global challenges for enduring profit and sustained growth. They introduce the marquis concept of embedded sustainability: the incorporation of environmental, health, and social value into the heartbeat of the product life-cycle with no trade-off in price or quality – no social or green premium. This book helps readers to comprehend and implement the notion of embedded sustainability. At its best, embedded sustainability is invisible, similar to quality. In addition to delivering socially and environmentally conscious products for consumers, it is capable of considerably motivating employees. Most of all, it enables smart companies to create even more value for both their shareholders and stakeholders.

Globalization has been under extreme pressure in the wake of the financial crisis. Multinational firms are weighing the costs and benefits of international scale and scope, and are increasingly under pressure to hire local, to source local, and to pay taxes domestically. At the same time global competitive pressures have intensified. This book reviews international business practices from the multinational firm perspective, and provides pathways forward concerning competitiveness and sustainability in global markets. What sets this book apart from others is that the benefits and pitfalls of globalization are addressed. Chapter coverage focuses on the functional areas of the business and how they are impacted by international expansion. Practical case studies supplement chapter coverage and highlight both positive and negative developments in the global business arena. Readers should expect to be challenged on what will be the limits of the multinational firm in the future, and how multinational firms can continue to prosper while at the same time adhere to sustainable business initiatives. Equally useful to both undergraduate and graduate students of international business as well as professional development programs, Global Business: Competitiveness and Sustainability provides a necessary tonic for dealing with today’s troubled seas of globalization.

It is apparent that environmental issues affect the livelihoods and well being of individuals, communities and businesses the world over. In that vein, this book examines the impact that climate change and other environmental factors have on business. The effect of climate change, while a significant factor, will influence business slowly, but inexorably. Executives should manage environmental risk at three levels: regulatory compliance, potential liability from industrial accidents, and pollutant release mitigation.Companies that are proactive in mitigating their exposure to climate-change risks will not only generate new profitable opportunities, but also gain competitive advantage over their rivals in a carbon-constrained future. Enhancing Global Competitiveness through Sustainable Environmental Stewardship provides frameworks for identifying how climate change might affect a business, and suggests strategy guidelines to manage the risks and seek opportunities.This seminal collection of research will be of particular interest to students and scholars of sustainability studies, business and management, and business professionals concerned with the role they will play in the changing and challenging times that lie ahead for business growth and environmental consciousness.

Reflecting on two decades of ’competitiveness-oriented’ urban policies in Europe, this book investigates the current challenges cities face to sustain their economic position and how this can be balanced with social progress and environmental improvements. Complementing previous surveys on local and urban development and competitiveness-based strategies, this volume provides longer term views on the evolution of such policies at the city level, from the personal perspective of city officials in eight European cities. More concretely, it looks at how the urban dimension in EU policies have evolved over time, the kinds of urban policy supported by the EU over the last two decades and how cities have been involved with this process. The book investigates the portfolios of competitiveness-oriented policies which have been developed by European cities and how they see the link between urban/spatial development policies and sustainable competitiveness. Finally the book fleshes out a number of challenges and initiatives taken by the eight European cities and their governments in the face of current challenges in order to pave the way towards more competitive and sustainable urban economies.

Despite recent optimism and global initiatives, the implementation of corporate sustainability programs has been slow at best, with less than a third of global companies having developed a clear business case for their approach to sustainability. Presenting numerous award-winning cases and examples from companies such as Unilever, Patagonia, Tumi, DSM and Umicore alongside original ideas based upon 20 years of consulting experience, this book reveals how to design and implement a stronger sense of focus and move sustainability programs forward. This proven combination of purpose, direction and speed is dubbed “Vectoring”. Based upon practitioner cases and data analysis from the Dow Jones Sustainability Index, Vectoring offers a plain-spoken framework to identify the relative position of companies compared to their peers. The framework and its 4 archetypes deliver insights for practitioners to locate inhibitors and overcome them by providing practical suggestions for process improvements. This includes designing and executing new sustainability programs, embedding the SDGs within company strategy and assessing the impact of sustainability programs on competitiveness and valuation. Offering directions for CFOs to shift companies from integrated reporting to integrated thinking in order to accelerate their sustainability programs, Winning Sustainability Strategies shows how to achieve purpose with profit and how to do well by doing good.