March 31, 2008

Sustainability Is Needed for Business Leadership

According to the Alliance for Climate Protection, the organization running the “We” advocacy campaign that former Vice President Al Gore launched this morning, “many Americans are concerned about climate change but don't know what to do about it.” Stanford author Chris Laszlo is reaching out to business leaders to show them that they can actually become more profitable by making their companies environmentally conscious.

A “clean energy economy” is one of the solutions proposed by the We campaign, which agrees with Laszlo that sustainable business practices would help the US economy:

A clean and efficient economy would “lead to over 3 million new green-collar jobs, stimulate $1.4 trillion in new GDP, add billions in personal income and retail sales, produce $284 billion in net energy savings.”

In a recent interview, Laszlo argues that the economy has fundamentally shifted so that US companies must pay attention to environmental concerns if they want to remain competitive:

What has happened is that the marketplace has changed and today if you want to make an economic profit you have to pay attention to environmental and social issues in your business… because they’ve become enablers of competitive advantage. So we’re back to just a single purpose gain. So companies have come out with products that have environmental intelligence built in. Consumers tend to prefer those products if they don’t have to pay more for them.

Laszlo’s book, Sustainable Value, not only presents his argument for the necessity of sustainable business practices, but also provides the tools necessary for leaders to move their companies along that path.

March 11, 2008

Creating Sustainable Value

Chris Laszlo argues in his latest book, Sustainable Value: How the World’s Leading Companies Are Doing Well by Doing Good, that far from being a cost to society and business, sustainability is emerging as a huge opportunity for both.  CEOs of some of the world’s largest companies—General Electric, Toyota, and Wal-Mart, to name just a few—are motivated by the desire to gain competitive advantage in a business environment transformed by rising fuel prices, widespread concern over the impact of climate change, and heightened consumer awareness of health and environmental issues. For more information on the book visit: www.sustainablevaluebook.com

October 18, 2007

Hollywood v. Technology; Studios v. Consumer

Radiohead’s “pay what you will” release of its newest album, In Rainbow, earlier this month sparked renewed speculation about the outcomes of the entertainment industry’s troubled interactions with a world moving away from purchasing CDs, DVDs, and tickets to a movie theater, and other bands are already following their lead. 

In Coming Attractions?, Phillip Meza gives us an in-depth look at the difficulties Hollywood and the music industry have had in adapting to the rapid rise and evolution of digital technologies. As the entertainment industry has fought to limit access to the content it produces through encoding (DRM) and stronger copyright laws, its customers have increasingly come to view its interests as at odd with their own.  Instead of acknowledging that the consumer is calling for new kinds of access to content, entertainment companies have reinforced the us vs. them perception; after all, “suing your customers is a terrible idea.”

Meza provides the entertainment industry with a roadmap for rescuing itself from entrenchment in dying practices and the disdain of the consumer. A recent review from the Midwest Book Review says that you “will find Coming Attractions an outstanding, specific survey key to understanding long-standing issues, conflicts, and relationships between entertainment, high tech and media industries alike.”

You can listen to Meza discuss these issues here.

July 28, 2006

Riding Shotgun Review

Nathan Bennett and Stephen A. Miles, co-authors of Riding Shotgun, discuss the enigmatic and misunderstood role of the COO in the May/June Harvard Business Review

Riding Shotgun
The Role of the COO
Nathan Bennett and Stephen A. Miles

2006
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