Full Summary of Hargadon (2015) for Organising Sustainable Innovation
6 vistas 0 compra
Grado
Organizing Sustainable Innovation
Institución
Vrije Universiteit Amsterdam (VU)
This is an extensive summary of all the mandatory chapters of the book Sustainable Innovation by Andrew Hargadon (2015). This means Chapter 1, 2, 3, 6, 7, 8, 4 and 5.
- the development of new products or processes that consume fewer environmental
resources, foster the health of individuals and communities, and are financially viable for
producers and consumers
- creating organizations capable of innovating time and again at a pace they can sustain
Sustainability and innovation overlap in distant and specific places
- Not all sustainability requires innovation and innovation is not always sustainable
Cycles of innovation have a long fuse and a big bang: “things take longer to happen than you
think they will, and then they happen faster than you thought they could”
- The speed and scope of the big bang depend on the events of the long fuse
The impact comes from the interactions of many independent elements that seem to
converge suddenly
Elements have emerged that are setting the stage for rapid changes within and across
industries over the coming decades:
- Shifting consumer preferences
- Bolder policies at federal, state and local levels
D EVELOPMENTS TOWARD SUSTAINABILITY
We now have accepted theories and standards for modelling and measuring the impacts and
risks associated with sustainability
- Reaching consensus on sustainability metrics enables businesses to account—as both
assets and liabilities—for their relationship with the natural environment
New technologies have emerged and evolved
- Clean energy technologies have improved to the point of competing evenly with
traditional (carbon-intensive) energy sources
- Connected energy monitoring systems for home and business
- Connected city and smart grid technologies
, - The Internet provides the means for radical transparency (whether your company wants
it or not)
Incidents that used to go unnoticed now trigger rapid public outcry and policy
responses
What customers value influences what problems will be solved by these new technologies:
- They define what markets want and are willing to pay for
- Many corporate buyers are now conscious of and calculating their environmental
footprint when buying corporate stuff
- Market preferences are redefining what will no longer be tolerated
The real shifts in consumer preferences will come from younger consumers who are just
now acquiring purchase power
The voices of investors are most important: they care less about ethics than about liabilities
- Stock prices and the costs of capital become closely connected to a company’s long-term
exposure to sustainability issues, so investors prefer more sustainable companies
In summary: developments across science, technology and markets converge in policy
makers taking bolder steps toward sustainability
R EQUIREMENTS TO SUCCEED IN INNOVATION
Organizations need to have the right capabilities for innovation
A “capability” (strength, a skill, competitive advantage) of the organization: when people,
practices, tools, organizational structures, resources, IT systems, and incentive schemes
support one another to accomplish an activity (e.g. innovation, low-cost manufacturing, or
safety)
- In relatively stable times, you need the right capabilities to compete effectively
- When conditions are changing, you also need the right capabilities to innovate
effectively: “dynamic capabilities”
The right capabilities for innovation are specific to the strategic objectives of each
company and the particular challenges it will face in pursuing those objectives
Organizing for sustainable innovation requires identifying those capabilities that match the
challenges that sustainability presents for your company
L ESSONS LEARNED FROM W ATT ’ S STORY
1. The idea is nothing without the right capabilities to bring it to the market
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable.
Así llegas a la conclusión rapidamente!
Preguntas frecuentes
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller studentuva2023. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $12.65. You're not tied to anything after your purchase.
