As we explore in this Advisor, the global sustainability landscape is constantly evolving, with some governments and multinational companies leading the way to generate real business advantage. On the other hand, there is evidence that poor sustainability performance is becoming very costly, and proposed regulations will potentially make it more so.
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Systematic, repeated breakthrough innovation often poses a challenge to large companies because it is inherently risky and frequently requires competencies and approaches that divert from the mainstream of the organization. In many large companies, internal bureaucracy and red tape tend to stifle the required creativity, and internal R&D teams may struggle to think sufficiently “outside the box.” Creating a stand-alone, semi-independent breakthrough team focused on step-out/adjacent opportunities or grand challenges is a common first step that companies take to address these barriers.
October 17, 2018 | Authored By: Richard Eagar, Max Senechal, Michael Kolk, Tim Barder, Mitch Beaumont, Kurt Baes
This Executive Update explores how organizations with an effective sustainability strategy that covers both internal and external supply chains, combined with effective and proactive risk management systems, will become more competitive and attractive as business partners in the future.
In this Executive Update, we put a spotlight on the energy industry and offer a view of the challenges energy retailers face. We also examine various strategic moves companies should consider to reinvent themselves and stay relevant.