E-Book Overview
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 functionallevel 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.
E-Book Content
Sustainable Strategic Management 2 Sustainable Strategic Management Second Edition Jean Garner Stead and W. Edward Stead 3 First published 2014 by Greenleaf Publishing Limited Published 2017 by Routledge 2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN 711 Third Avenue, New York, NY 10017, USA Routledge is an imprint of the Taylor & Francis Group, an informa business Copyright © 2014 M.E. Sharpe, Inc. All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. Notice: Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe. Cover design by Jesse M. Sanchez. British Library Cataloguing in Publication Data: A catalogue record for this book is available from the British Library. ISBN-13: 978-1-906093-53-2 (pbk) ISBN-13: 978-1-907643-96-5 (hbk) 4 In Memory of our dear friends, Nancy Robinson and Bill Gathings. You were too young when you left us. We miss you terribly. In Honor of our precious grandchildren, Grant Thomas Green and Allison Grace Green. You are our posterity, our future generation. We love you so much. May we be guided by wisdom from the past and motivated by hope for the future. 5 Contents List of Table, Figures, and Case Exhibits Preface 1. The Emergence of Sustainable Strategic Management Case Vignette 1: Creating Value Through Sustainability at Eastman Chemical Company The Changing Economic Worldview Pursuing the Triple Bottom Line Coevolution and Organizational Survival Transformational Change: A Critical Pathway to Organization