Sustainability: business, life, environment

Global trends and supporting research indicate that innovation as a focused business pursuit will be essential for business growth over the next decade as companies seek out new opportunities, improve their competitive positions and provide more sustainable value to their customers.  The questions then becomes: How can aligned business sustainability objectives enable both internal and external innovation?

“Innovation isn’t restricted to science labs and corporations. It’s the driving force behind small business entrepreneurship. These innovations are the keys to their future”  -Roy Rosin, vice president of innovation at Intuit.

Our sustainability consulting practice finds leading supply chain companies are exploring the circumstances, frameworks and parameters necessary to spark creativity, ideas, and innovation in the supply chain.  Describe in the PCS article, Capture Supplier Innovation: Improve the Quality of Supplier Innovation, these procurement organizations are focusing on the following three priorities:

•    Providing suppliers with the right level of guidance to drive ideation.

•    Providing internal business partners with a clear framework that defines their responsibilities.

•    Making the IP sharing process easier.

Business sustainability is the vehicle which enables your business to meet your goals of profit, growth, and revenue while positively impacting the environment and social realms of your business. By capturing creative ideas and inspired actions of external stakeholders  who enable business growth, a company can create an innovative environment that promotes long-term success.