Sustainable Business Model Innovation
Description
Reimagining business models is a tall order for any management team, and especially so in today's business landscape of continual disruptive change. Having examined hundreds of businesses over the course of their research, the BCG Henderson Institute has developed a systematic approach for reimagining business models for economic and social sustainability, creating new modes of differentiation and advantage, embedding societal value into products and services, managing new performance measures, and reshaping business ecosystems to support these initiatives.
This book explores the why, what, and how of sustainable business model innovation (SBM-I) - a new method by which corporations can optimize for both business and social value using their core businesses to deliver the financial returns expected by their owners and, in tandem, to help society meet its most significant challenges. It details the SBM-I innovation cycle linking to value creation and scaled transformation, and expands the application of SBM-I to sustainable business ecosystems and corporate lead sustainability alliances.
Sustainable Business Model Innovation offers inspiration and guidance to create more competitive and sustainable companies. Your company's future, our environment, and society depend on doing so.
Reviews / Votes
"At a time when companies are on tremendous and sometimes contradictory pressure from multiple constituencies, David Young and Martin Reeves have assembled an incredible menu of super helpful perspectives on managing through these barriers to get your company well on its way toward building long term economic success through sustainability. It's a treasure trove brought together under one roof." -- Gary Knell, Former President & CEO of the National Geographic Society, Former President & CEO National Public Radio, Former CEO Sesame Workshop
"How to integrate sustainability into business strategies and operations has become a key question for business survival and growth. This book reveals a wonderful exposition of insights that are essential for business leaders to ensure that sustainability and business success go hand in hand." -- Georg Kell, Founding Director of the United Nations Global Compact and Chairman of Arabesque
"We have reached a critical moment to boldly reimagine business as a driver of lasting and meaningful change for the planet and people - and we know it cannot fall upon one group alone. Sustainable Business Model Innovation provides an actionable roadmap to systemically prioritize partnerships and corporate-led alliances to reshape a sustainable business model, value creation, and ultimately, the world at large." -- Jim Andrew, Chief Sustainability Officer, PepsiCo
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Persons
David Young is Managing Director & Senior Partner, BCG Henderson Institute. He leads the firm's total societal impact and sustainability work globally.
Martin Reeves leads the BCG Henderson Institute worldwide, BCG's think tank on new approaches to strategy and management. Martin is also a member of the BCG Henderson Institute's Innovation Sounding Board, which is dedicated to supporting, inspiring, and guiding upstream innovation at BCG.
Content
- Intro
- Acknowledgments
- About the BCG Henderson Institute
- Contents
- Introduction
- Part 1: Why Business Needs Sustainable Business Model Innovation
- 1 Optimize for Both Social and Business Value
- 2 Innovation is the Only Way to Win the Sustainable Development Goal (SDG) Race
- 3 Will Net-Zero Get Us to Net-Zero Emissions?
- 4 Embracing the New Age of Materiality: Harnessing the Pace of Change in ESG
- Part 2: What is Sustainable Business Model Innovation?
- 5 The Quest for Sustainable Business Model Innovation
- 6 The Secrets of Sustainability Front Runners
- 7 How to Tell if Your Business Model is Truly Sustainable
- 8 How to Tell if Your Business Model is Creating Environmental and Societal Benefits
- Part 3: How to Apply Sustainable Business Model Innovation
- 9 Four Steps to Sustainable Business Model Innovation
- Part 3.1: Expand the Business Canvas
- 10 An Applied Example of Expanding the Business Canvas in Plastics
- 11 The Green Economy Has a Resource-Scarcity Problem
- 12 Identifying Resource Scarcities in the Race to Sustainability
- 13 Solving the Puzzle of Sustainable Resource Scarcity
- Part 3.2: Apply Modular Transformations
- 14 Nudging Consumers Toward Sustainability
- 15 Sharing Data to Address Our Biggest Societal Challenges
- 16 The Playful Corporation
- Part 3.3: Link to Value Drivers of the Business
- 17 Six Steps to Sustainability Transformation
- 18 The Strategic Race to Sustainability
- 19 Directors Can Up Their Game on Environmental, Social, and Governance Issues
- 20 Unlocking Tomorrow's ESG Opportunities
- 21 Private Equity Should Take the Lead in Sustainability
- Part 3.4: Enable Systems Level Strategy
- 22 How Companies Shape Ecosystems to Achieve Sustainability and Advantage
- 23 When a Business Ecosystem is the Answer to Sustainability Challenges
- 24 How to Build a High-Impact Sustainability Alliance
- Part 4: Conclusion
- 25 Winning Through the Great Climate Upheaval
- 26 New Abundance: Resource Constraints as Strategic Opportunities
- List of Figures
- Index
