The New Corporate Facts of Life: Rethink Your Business and Transform Today's Challenges into Tomorrow's Profits
Still myopically chasing quarterly profits, producing the same product the same way, issuing directives to increasingly disengaged employees? Too many organizations cling to outdated practices—to their detriment and almost certain demise. In today's unpredictable, interconnected world you cannot rely on the old rules of business to get stellar results. The New Corporate Facts of Life charts a clear path through the obstacles facing all companies—disruptive innovation, economic instability, environmental degradation, increasing stakeholder power, and other global forces—explaining exactly how to transform each challenge into competitive advantage. Based on interviews with over 50 top executives and thought leaders, including Coca-Cola Enterprises CEO John Brock, Georgia Tech President G.P. "Bud" Peterson, and UPS CFO Kurt Kuehn, the book recounts how leading-edge companies have begun re-shaping strategy, culture, vision, engagement, and leadership to succeed in this brave new world. Change is the only constant in business. Packed with inspiring stories and compelling examples, The New Corporate Facts of Life offers a bird's-eye view of the shifting landscape and reveals how any organization, large or small, can begin creating a profitable, sustainable future.
did bank policies even permit loans to women. That’s when Professor Yunus drew the money from his own savings. With these funds, the women bought the bamboo needed to make furniture and baskets they could sell. Before long, the new entrepreneurs were making enough money not only to support their families but to repay the loans. When Yunus reported this accomplishment to the bank, the bank 37 American Management Association • www.amanet.org 38 The New Corporate Facts of Life again turned a
Keeps Leaders Up at Night; William Seidman of Cerebyte and author of The Star Factor; Alexandra Hemrick, author, artist, and researcher; Martin Delahoussaye; James Thebaut, award-winning documentary film producer and founder of The Chronicles Group; Stephen Brereton, Canadian Consul General; Annabelle Malins, British Consul-General; David Adelman, U.S. Ambassador to Singapore; and Thomas Thomas of the Singapore Compact. American Management Association • www.amanet.org Acknowledgments xi I
make their own toys. How might such breakthrough innovations shape a better business model and bring new and different products to market? Can Childco discover innovative ways to promote learning? You make a note to include innovation in the company’s vision in a way that aligns it with your core values. American Management Association • www.amanet.org 76 The New Corporate Facts of Life Economic Instability While the toy industry remained fairly stable during the worst of the recent
summit called Business as an Agent of World Benefit. At that event, hundreds of corporate CEOs and nongovernment organization (NGO) leaders discussed innovative solutions to the world’s most challenging issues—solutions that would benefit both societies and businesses. During a class taught by Chris Laszlo,2 I learned how sustainable growth had become a vital driver of innovation for the twenty-first century. Corporate giants such as Walmart, Nike, and Unilever were sending shock waves throughout
remaining behind as that table’s host. The second and subsequent groups add to the previous ideas. At some point, the discussion may drill down to a particular subtopic inspired by another penetrating question, “How can we develop food that helps prevent child malnutrition in impoverished areas?” You can also dedicate individual tables to discussion of specific subtopics. My consulting team and I once designed a session using a combination of AI and World Café for a community-wide sustainability