Evidence: Facts improve the quality of strategic planning

August 7th, 2013 by hosfeld

By Kathleen Hosfeld

One of the things that makes a significant difference in the quality of strategic planning is the extent to which the process is informed by objective information. Too often processes can become thinly veiled exercises that reinforce dominant opinion or intuition alone. While intuition is an important tool for planning, it needs to be fed by facts.Positive Earning

A good strategic discussion or planning process will look for facts to answer the following questions.

Who are our competitors or collaborators? What are they experiencing? These questions are answered by an environmental analysis or environmental scan.

Is our mission/vision still resonating internally and externally? What do our employees think? What do our customers or other key audiences think about our mission or vision? Is it still relevant? These questions are answered through dialogue and surveys about mission and vision.

What is happening in our industry? What is no longer happening? What’s starting to happen? How can these changes be measured? This information is explored through review of industry trends and benchmarks.

What do we want to do? How can we measure that? Setting measurable organizational performance outcomes creates a target that guides strategic discussions.

How well are we doing now? Evaluating current performance against target outcomes (above) gives the organization objective information about the gap between current and desired performance.

How do our most important audiences see our challenges and opportunities? Interviews, surveys and focus groups with stakeholder groups provide much needed perspective and often unexpected insights that can fuel the strategic planning process.

How do our conflicts, obstacles or challenges give us an opportunity for innovation? Many organizations see tensions or obstacles as either/or problems. The opportunity for strategic innovation comes from holding the tension between two opposing views until a third (and sometimes more) option appears.

A recent study of strategic planning among non-profit organizations suggests that high performing organizations are more than twice as likely to include the types of evidence-gathering described above. Whether you are a non-profit or for-profit, the degree to which your process uses objective information for decision-making and innovation will make a difference in the value you realize from strategy and execution.

See Related Article on Non-Profit Strategic Planning

Strategic Planning Culture Leads to Non-Profit Success

July 23rd, 2013 by hosfeld

By Kathleen Hosfeld

As challenging as it is to find time to create and implement strategic plans, new research reinforces that it’s one of the keys to organizational success. Consistent strategic planning and implementation monitoring practices make the differencestrategic planning hosfeld between moderately and highly successful non-profit
organizations according to a study presented in 2013 at the annual meeting of the Association for Strategic Planning.

The University of Arkansas study surveyed close to 500 non-profits ranging in size from less than $1 million Annual Operating Expenses to greater than $5 million. Non-profits scored themselves on their success level (Low, Moderate, High) on the basis of their overall success and likelihood of success in the future.  What can you learn from their findings?

1. Don’t wait until there’s a crisis

According to the study, 60% self-described Low Success non-profits engage strategic planning reactively when there is either a significant risk or an opportunity, whereas 74% of High Success organizations engage in strategic planning as a matter of routine.

2. Research, metrics and mission/vision discussion key to effective planning

 High Success organizations are twice as likely to integrate evidence-based decision-making (through the use of research), metrics (performance outcomes, industry benchmarks) and mission/vision analysis into their processes. They are far more likely than their counterparts to engage stakeholders via interviews, focus groups or surveys.

3. Follow-through makes the difference

 It’s true in for-profit organizations as well:  Realization of strategic value comes through implementation. While 64% of Moderate Success non-profits had done either a somewhat successful or very successful job at implementation, 88% of High Success organizations had done “somewhat” or “very” successful implementation.

4. Regular progress evaluation and reporting against plan are associated with high success

High Success organizations were more than twice as likely as Medium Success organizations to engage in 1) progress updates in executive staff meetings, 2) annual review of mission/vision alignment with plan, and 3) periodic assessment and reporting. High Success organizations assess and report plan progress at least 3 to 4 times a year or more.

All organizations, small and large, struggle with aspects of strategic planning and implementation according to study. Time is a major consideration. 46% of the High Success organizations say lack of time is a challenge in the planning process; 33.8% say that staff is spread too thin to focus on plan implementation.  In what may seem counter-intuitive, the Higher Success organizations are more likely than Moderate Success organizations to report time constraints associated with both planning and implementation.

Medium Success organizations have different challenges that may also affect their overall success. They report a lack of high-level strategic thinking by leadership (37%) and higher resistance to making hard choices (35%) twice as frequently as High Success counterparts.

The study authors conclude that High Success non-profits have a “culture of planning” that involves a commitment and discipline for planning and implementation.  The evidence of the importance of planning to organizational success from this and other studies is so compelling that the authors recommend that funders emphasize these practices as a means to fulfilling mission.

What you should consider:

  • Develop a planning culture that is committed and disciplined about periodic strategic planning and implementation
  • Utilize research, metrics and mission/vision alignment tools as part of the planning
  • Create an implementation process that involves regular progress reports to the executive level
  • Communicate out progress at least quarterly if not more often to key constituents

The study report can be found here.

Are You Mistaking Vision for Strategy?

February 28th, 2013 by hosfeld

By Kathleen Hosfeld

At the heart of organizational meaning-making we find corporate vision and mission as definitions of the good or the change that we seek to create in the world. While this is absolutely essential to thriving organizations and engaging the passions of  stakeholders, this is not strategy.strategy in colour 2

Vision and mission are the “what.” Strategy is the “how.” Strategy is the distillation of opportunities and maneuvers that will make it possible to realize your vision and mission. In a recent article in Strategy + Business, Ken Favaro writes that many organizations mistake what he calls “The Corporate Five” for the “Strategic Five.” The Corporate Five are mission, vision, purpose, plan and goals. You can have all of those things and still be missing a strategy.

In order to develop strategy, a firm has to be able to answer what Favaro calls “The Strategic Five” :

1. What business or businesses should you be in?
2. How do you add value to your businesses?
3. Who are the target customers for your businesses?
4. What are your value propositions to those target customers?
5. What capabilities are essential to adding value to your businesses and differentiating their value
propositions?

Although most companies can articulate a vision (for instance, “to be the leading biotech company”), a mission (“to find and commercialize innovative drug therapies”), a purpose (“to improve patients’ lives”), a plan (“to develop molecule X, enter market Y, and partner with company Z”), or a goal (“to bring three innovative molecules to market by 2025”), few convincingly answer all five strategic questions, especially with one voice across their top teams and down their organizations.

They can’t answer those questions because often they haven’t asked them in a very long time, if at all.

Favaro says that companies that focus on the “Corporate Five” are mistaking execution for strategy. I’d counter that since there’s no strategy to start with there’s nothing to actually execute. The so-called “plan” is a checklist of technical to-dos, when in reality an adaptive challenge is at hand that requires new thinking. Strategy work is intrinsically adaptive change work.

Development of mission and vision and purpose are engaging exercises that tap the imagination of all stakeholders. If they are developed outside of a framework that addresses “The Strategic Five,” they are likely to lack substance and fail to achieve traction within the organization. An effective business transformation process will embed the Strategic Five into the entire process.

To read Favaro’s whole article go here.

Interested in finding your own answers to “The Strategic Five?” Read our article “Finding Time To Be Strategic.”

Speeding Strategy to Market

January 10th, 2013 by hosfeld

Track and Field start shoe on the blocks.By Kathleen Hosfeld

The value of any competitive strategy is the extent to which it creates or deepens relationships with customers.  The faster you implement that strategy, the faster you see return on investment.  The way a team formulates the strategy can make all the difference between its seamless or tortured translation into new or more profitable relationships.  Integrating key market-focused questions into the strategy process will speed your strategy to market.

Take for example, Honda Corporation.  The firm has remained among the top five car manufacturers for many years with its solid strategy and execution. Honda’s core strategy has focused on high quality engine design.  This allowed the firm to grow from selling lawn mowers to motorcycles and then cars. Today, their website and sales collateral continue to emphasize various aspects of their engine expertise – from the combustion engines that drive their sponsored racecars to their market-leading hybrid engines. The promise of superior engine performance — a key aspect of customer satisfaction — is at the heart of all their messaging. This straight line between key elements of their corporate strategy and their markets means faster execution.

How can your firm learn from Honda’s example and accelerate the translation of your organization’s strategy into market impact? Examine your strategy process and ask the following questions:

In what way does planning identify and maximize your firm’s unique know how or what you do best?

Honda’s strategic intent leverages the firm’s knowledge of engine design and manufacturing. Honda built that knowledge systematically as its primary source of competitive advantage. What is the core knowledge in your firm that you could similarly develop?  Does your strategic plan call this out and identify how it will be nurtured and grown over time?

How does your planning seek to leverage the connection between your strengths and customers perceived value?

Many companies seek to create value for their customers. Yet, sometimes there’s a mismatch between what customers value and what the companies think they do or should value. It boils down to evidence. In the course of your strategic planning, this year or in recent years, have you conducted the research to know what customers’ really value about your product or service?

In what way does planning actively identify new potential markets or opportunities through existing strengths?

In the case of Honda’s commitment to engines, they’ve been able to evolve from lawnmowers, to motorcycles, to cars, and now to diversified types of cars including hybrid vehicles. What’s the equivalent strength in your company that creates a platform for new market development, innovation or product evolution?

How does it explore alternatives for positioning your firm or products in ways competitors can’t match?

High performing companies’ plans always address the strengths and weaknesses of competitors. Look deeper than what their advertisements say. Look to their ability to deliver consistently. Focus in areas where you have considerable head start on competitors or untapped opportunities.

In answering all of these questions, keep in mind the power of stakeholder listening and dialogue to tap new perspectives to create new insights and breakthrough thinking.  Employees, customers, value chain partners, community groups may all have unique perspectives that will give your firm an edge.

Streamlining the path to execution is the way to realize more value from your strategic planning process. Using a strategy process that answers these questions enables the firm to accelerate the translation of strategic plans into value propositions, messaging strategies, brand promises and other foundational elements of good marketing.

 

Making It Real: Living the Values of Purpose and Strategy

August 29th, 2012 by hosfeld

By Kathleen Hosfeld

Over a Christmas holiday in 2004, I was working on an article that Living the Values of Purpose and Strategydescribes the strategy framework we use at Hosfeld & Associates.  As I often did, I shared my draft with my dad, Bob Hosfeld, a retired Alcoa executive, whose perspective always expanded my awareness on any topic we discussed.

There were two key questions in the model at the time:

  • What is the change we want to create in the world with our work?  This question spoke to the larger purpose and intention of the company.
  • What are the means we will use to create this change? This question speaks to the particular strategy the company will employ to create this change. What is the work it is uniquely positioned to do?

So far so good, I thought.  Dad, however, replied to the effect: “This is all well and good, but it won’t matter at all to the rank and file.”

“What do you mean Dad?”

My father had worked his way up through the executive ranks at Alcoa by first working at smelting facilities in Washington state. Aluminum smelters take the ingredients of aluminum, melt them down and form the basic products that are sent off for further shaping or fabrication.  What came to his mind were the men and women who worked the “potlines,” doing hard physical labor, with the potential for injury, day-in, day-out.

“Your questions are for the white collar people at the top.  What the person on the potline cares about is relationships.  Can I go to the break room at lunchtime and sit with people I like and trust? If I’m injured, will the company care for me and help me get back to work?”

“So for them it’s about how we treat each other in the workplace?”

Dad agreed. This gave birth to the third question in the model :

  • How do we want to be together as we do this work?

I published the article we worked on in 2005 just before Dad passed away. Much has changed since then in terms of the expectations that people have toward their work. Increasingly more employees expect their employer to have a purpose that transcends profit alone. They do care about the first two questions more than they once did.

Yet, lately I’ve been realizing the genius of Dad’s contribution to the model.  Too often an inspirational purpose is designed only for the benefit of customers “out there.”  While that’s important, it forgets that one of the largest impacts a company can have is on its employees. Translating our noble purpose into values that we intend to live out every day within the company does two things.  First, it gives us a way to “be” the change we seek to create in the world.  Second, it creates the authenticity that comes from “walking the talk.”   When employees see it, they believe it.  When it matters to them personally, they see how it can matter to the customers they serve.  They are then more compelled to live it themselves.

Brand, strategy or purpose. They all suggest values to which we aspire and seek to live out.  Claiming and institutionalizing these values is the way to make the change we seek here and now.

Making the Connections: Implementing a Stakeholder Model

August 17th, 2012 by hosfeld

By Kathleen Hosfeld

Looking to reap the many benefits of a stakeholder centric approach to business Implementing a Stakeholder Modelbut wondering where to start?

First, recognize that you’re not starting from zero. You already have relationships with stakeholders. Many companies can benefit from taking an appreciative approach to identifying what they are already doing well. From there you can measure the gap between the current state and the desired future state of each relationship.

Second, accept that movement toward a stakeholder centric model represents both cultural and operational change and will take time.  This movement will take a combination of both “soft” skills and “hard skills.”  An effective change initiative will address individuals and teams, structures, behaviors and beliefs.

Third, get rid of the notion that this is just corporate social responsibility or good PR.  It’s actually a different approach to business altogether.   It means inviting stakeholders into the value creation process of your company.

While every company’s situation will differ, there are eight basic steps to implementing a stakeholder approach to a business:

  1.  Determine the strategic context:  What are you trying to accomplish? Are you formulating business strategy or functional strategy?  Are you seeking the overall competitive advantage of the firm or are you working in service of a specific business unit, service or product’s performance?
  2. Prioritize stakeholder influences in this strategic context:  Evaluate stakeholders using the criteria of power, legitimacy, urgency, interdependence, cooperation, and conflict. Consider all the stakeholders in your value chain. Note that research shows that investing in employees make the most significant contribution to overall financial performance. This is likely a good place to start.
  3. Assess stakeholder interests and satisfaction: Many executives think they know what stakeholders want, but it’s rare when they actually do. Assessing stakeholder interests and the current state of their satisfaction can take many forms: discussion, surveys, group processes. What’s important is to make this determination based on data.
  4. Harmonize stakeholder interests: Compare the interests of all key stakeholders to identify areas of commonality and difference. Look for the third way when needs or interests seem to compete.
  5. Develop stakeholder strategies: Creating stakeholder strategies is an iterative process with the preceding step. Inherent in each stakeholder strategy is the best way to form a two-way exchange  that creates value for all parties. This step should include a determination of measurable outcomes.
  6. Implement stakeholder strategies: Create a detailed action plan that defines accountability for full implementation of the stakeholder strategies, and support the plan with resources.
  7. Evaluate: Using the measurable outcomes defined above, evaluate stakeholder efforts’ success in creating value for all.

Additional articles about the stakeholder model are available here.

Meaning-making and relationships priorities in the spiritual-but-not-religious workplace

August 15th, 2012 by hosfeld

By Kathleen Hosfeld

In a world where religious differences have never been more polarizing, it’s no wonder Spiritual but not religious workplacethat many employers fear religious expression in the workplace.  Which is why it’s all the more remarkable that companies are tapping into spirituality as a way to improve working relationships and productivity. One such example is Google, whose mindfulness program was featured in this New York Times article.

The primary concern for many employers with religion is a lawsuit, according to Cindy Wigglesworth, as quoted by Patricia Aburdene in her book: Megatrends 2010 The Rise of Conscious Capitalism.  Harassment lawsuits take the form of employees’ alleging that a fellow employee or their boss is trying to force their religious beliefs on them. Aburdene cites the statistic that between 1992 and 2004 the Equal Employment Opportunity Commission saw an 85% increase in complaints of religious discrimination in the workplace.

Yet, Aburdene says that the rise of spirituality in the workplace is one of the megatrends that is contributing to the emergence of a new form of business. In addition to Google’s mindfulness program, consider:

  • The hugely successful works of poet David Whyte: “The Three Marriages: Reimagining Work, Self and Relationship,”  “Crossing the Unknown Sea: Work as a Pilgrimage of Identity,” and “The Heart Aroused: Poetry and the Preservation of the Soul in Corporate America.” Whyte is a popular speaker to workplace groups and teams.
  • The Interfaith Network at Ford, which represents Catholics, Buddhists, Evangelicals, Hindus, Muslims, Jews, Mormons and mainstream Protestants, sends a monthly electronic newsletter to 5,000 employees.
  •  2,650 chaplains have been placed in corporations in 43 states by Marketplace Chaplains USA to provide employee care in a model similar to that employed by chaplains in the US military.
  • Andre delBecq, professor of business at Santa Clara University regularly attracts 30 Silicon Valley executives to his seminars on Spirituality and Management. Questions the courses address include: How is business leadership related to the idea of a calling?  What special challenges are posed for spirituality by power and wealth that accompany successful business leadership?  How can spiritual disciplines and meditation practices be tailored for the time-pressured life of business professionals and leaders?  What are the benefits of a more intense spiritual journey for the organizational leader and the organizations they manage?”

These snapshots suggest not only a role for spirituality but the significance of spiritual seeking related to our experiences in the workplace.  The question becomes how we can respond responsibly to this need.

Aburdene quotes Wigglesworth, a former HR executive, as saying it is possible to open the door to spirituality in the workplace, but it takes careful planning.  The steps she recommends include consciousness and cultural competence training in the same way corporations have dealt with affirmative action, disabilities, sexual orientation and sexual harassment.

One of the things that are needed is a grounded understanding of spirituality that is broadly inclusive of all religious traditions as well as those with no religious tradition including atheists and agnostics.  I’ve been considering several characteristics of such a broadly inclusive perspective and would like your thoughts.

Consider the following:

  •  Spirituality is the human process of meaning-making. Spirituality in the workplace includes those practices that engage employees in reflection and discovery of meaning for themselves as individuals and as members of their team, business unit or company as a whole.
  •  Spirituality in the workplace is the experience of interconnectedness that expresses itself as inclusivity, compassion, reciprocity and service.
  •  In the spiritual-but-not-religious workplace, employees experience a sense of individual and/or collective calling; they are drawn to specific work because it’s work that needs to be done, and the individual or group is uniquely qualified to do that work.

I want to hear from you. What is spirituality for you? What aspects of your spirituality do you feel can be brought to the workplace without proselytizing?  What aspects of spirituality would contribute to your workplace performance or to a more soulful experience of work?

Please comment here or send me a private email if you prefer by using the contact page.

For another article on spirituality at work, please see my article The Spirituality of Strategy

The Future Belongs to Writers

August 13th, 2012 by hosfeld

By Kathleen Hosfeld

A recent Forbes article on the changing nature of web search rankings kicked up a firestorm of controversy. In the cross hairs was the practice of trying to “game” the search ranking systems. Recent changes to Google’s search algorithms, however, give privilege to real content especially that which is shared out via social networks.  Author Ken Krogue wrote:

“The bottom line is that all external SEO efforts are counterfeit other than one:

Writing, designing, recording, or videoing real and relevant content that benefits those who search.”

Not surprisingly, the ability to write and tell compelling stories is becoming increasingly important to businesses and non-profits.

I recently partnered with journalism professor Cliff Rowe, of Pacific Lutheran University, to deliver a writers workshop for non-profit organizations who produce organizational blogs and newsletters.  We created this workshop to focus on writing compelling content: headlines that bring you into the heart of the story immediately, and stories that keep readers reading. Stories that get shared.

We subsequently discovered a terrific writing book that we plan to share in future workshops because we think it’s a great fit for this type of writing.  It’s “The Writing Book” by Paula LaRocque, a writing coach.

Any good writing book will include sections on grammar and style, and this one does too.  Chapters cover good sentence construction, avoiding passive tense and jargon words, sharpening otherwise vague language.  What makes this book special and especially appropriate for the purpose described above is its emphasis on storytelling. Chapters 13-22 focus on aspects of storytelling such as “archetype, character and plot,” use of metaphor, and advice like “write fast, edit slow.”

As Cliff puts it this section “is a practical, straightforward approach to writing that is intended to, indeed, tell stories.  Not report stories…or formally craft stories…but to really TELL stories.”

As the role of real content becomes more important to your online visibility, treat yourself to expert advice from a seasoned writing coach, and get inspired to tell your stories in the most compelling way.

Read the book:

The Book on Writing

A Rose By Any Other Name: The Case for “Good” Business Smells Sweeter and Sweeter

August 10th, 2012 by hosfeld

By Kathleen Hosfeld

You may call it the triple bottom line, sustainable, green, conscious, responBusiness Case for Good Businesssible or worthy business. Underlying the labels is a common commitment to maximizing value for multiple stakeholders including the community and the environment.  Research continues to show the approach pays off. Financially.

Many people find their motivation for “good” business in an instinctive or intuitive desire to “make a difference,” even if it risks lowering profitability. In the early days of so-called green business, most mainstream business owners and executives saw efforts to manage environmental and social concerns as expensive indulgences that would ultimately cost money and possibly competitiveness.  That perception has shifted as organizations realize meaningful cost savings and risk mitigation from entry level commitments to waste and energy reductions.

But the strategic upside potential of a values-based, stakeholder approach is growing increasingly clear thanks to books like Good Company: Business Success in the Worthiness Era by Laurie Bassi, Ed Frauenheim, and Dan McMurrrer  with Larry Costello.  The book travels many of the same paths of the book Firms of Endearment, by Rajendra S. Sisodia, and colleagues in 2007.  Firms of Endearment made the point that a positive relational approach to multiple stakeholders resulted in superior financial performance. The companies they profiled achieved a higher return on equity (10 year rate of 1025% compared with S&P 500 of 122.3% and Good to Great Companies 331%) in spite of spending considerably more on employees and other stakeholders than most companies.

Bassi et al have done two things to advance the conversation. First, they have compiled a boat load of more recent “hard-nosed” evidence that companies who do well do better and those who do not do poorly by comparison.   A sampling of their citations:

  • In a recent study by consulting firm A.T. Kearney, firms that embraced sustainability outperformed industry averages by 15% from May through November of 2008.
  • According to a study by Packaged Facts, in spite of the recession, sales of “ethical” consumer products have grown at a rate of high single and low double-digits to a projected $38 billion in 2009.
  • Firms on Fortune’s 100 Best Companies to Work For outperform the stock market as a whole.

Bassi’s group has taken this analysis one giant step further. They created a quantitative index of what constitutes a “worthy” company, profiled all the Fortune 100 companies and compared them on three levels: as employers, as sellers and as stewards of society and the environment. They found that companies with a higher Good Company score outperformed their peers with a lower Good Company score by an average of 19.8 percentage points.

On the strength of their findings, the Bassi and her colleagues created Bassi Investments, a money management firm that invests according to the Good Company criteria. The funds were established in 2001 and results continue to support the finding that investing in employees is a best practice of wealth creation.

It may seem counter intuitive that in order to be more profitable a company has to invest more money in an area.  These business results point to the new insights that are emerging as the way we do business continues to change.

More about the Book:

Good Company

Relationships key in new approaches to capitalism

August 8th, 2012 by hosfeld

Stakeholder RelattionshipsBy Kathleen Hosfeld

Two of my “summer reads” are books that make the case that strong relationships with key stakeholders are driving financial performance and are central to how business is being reinvented. The first is Patricia Aburdene’s  book: “Megatrends 2010: The Rise of Conscious Capitalism.” The second is “Good Company, Business Success in the Worthiness Era,” By Laurie Bassi, Ed Frauenheim, and Dan McMurrrer with Larry Costello.

Aburdene’s book follows the framework of her hugely successful megatrends books written with John Naisbett, and cites seven interrelated trends that encompass corporate social responsibility, spirituality in business and so-called “conscious capitalism.” The term conscious capitalism, which Aburdene used in speaking engagements for several years prior to the publication of the book, has been picked up by both academics and business people alike.  A conscious business embraces three things:

  • a strong sense of mission and purpose,
  • a stakeholder perspective – which cultivates strong relationships with key stakeholders rather than prioritizing stockholders or profit as the sole directive, and
  • conscious leadership.

“Conscious leadership” in this setting means leading holistically through the lens of relationship-oriented values.  Recently, practitioners have also begun to articulate the cultural dynamics of conscious business as having these key values: Trust, Authenticity, Caring, Transparency, Integrity and Learning.

(Note: This definition of conscious capitalism is complimentary to but not the same as the conscious business model developed by Fred Koffman. That model emphasizes self-knowledge and self-awareness as the basis of conscious behaviors and choices.)

Both Aburdene’s and Bassi’s books look at the question of “why” businesses are changing their practices. Aburdene, while citing multiple drivers of economic necessity and changing values, shines a spotlight on the spiritual values and practices from which the conscious capitalism arises. Bassi and colleagues, who also cite a spectrum of drivers, highlight the changing values and expectations of stakeholders and their influence on company behaviors.  They have created their own term – “worthiness”— which connotes the qualities that make a company worthy in the eyes of customers, employees and other stakeholders.

Good Company emphasizes the role of the employee in all three important “worthiness” areas:  being an employer, seller and steward.  I like the summary of one Amazon reviewer who said “Good Company shows how a strong leadership culture that’s serving all of its stakeholders and society pays off for everyone buying from, working for, investing in, and doing business with the company.”  A worthy company does not choose one stakeholder over another. Everybody – including the community and environment – wins.

Both books include stories of real businesses and executives doing well as a result of a broader stakeholder perspective. One of the things I appreciate about Good Company is that the authors also point out when companies who are doing well in some areas stub their toes in others.  This reads to me as imminently practical and realistic. The new paradigm is still emerging and all of us still in that transition will arrive at various degrees of consciousness – worthiness, goodness, sustainability, etc. — at different times.

(In another article, I will explore the  updated business case for a stakeholder view .)

More about the books:

Megatrends 2010

Good Company