Competing and winning in todays competitive marketplace requires a strategy that includes sustainability. Business leaders who embrace it and convey a strong sense of purpose behind their strategy are propelling their organizations into revenue-increasing, cost-reducing outcomes.
Purposely Profitable: Embedding Sustainability into the DNA of Food Processing and other Businesses provides a proven, step-by-step methodology for integrating sustainability into the strategic plan to develop a strategy that is sustainable and aligned to a greater purpose. This book notably includes the following:
A primer on Sustainability that defines Sustainable Business and presents the Business Case for SustainabilityWhat is an organizational purpose and why is it so important in todays competitive marketplaceStep by step instructions, supported by a case study, for developing each component of the strategic plan (Purpose, Vision, Strategic Pillars, KPIs, Goals, Programs Action Plans, and Tactical Execution)A suite of tools and resources to support the development and execution of the strategic plan
Scientists and managers in the global food supply chain, sustainability professionals, researchers, students, regulators, executives and business owners will come to learn and understand a powerful system for developing a strategy that is sustainable in order to maximize organizational performance.
About the Author, x
Sustainability Primer, xi
Understanding sustainability, xi
The sustainable organization, xiv
Business case for sustainability, xxii
Introduction Setting the Stage, xxvi
Chapter 1Finding Purpose, 1
1.1 Why a purpose?, 3
1.2 Finding purpose and developing a purpose statement, 4
Step 1: Articulating the purpose, 5
Step 2: Crafting a purpose statement, 6
Step 3: Finalizing the purpose statement, 7
Chapter 2Creating a Shared Vision of the Future, 9
2.1 Crafting a meaningful vision statement, 11
Step 1: Setting the stage, 11
Step 2: Key word development, 12
Step 3: Key word grouping, 13
Step 4: Key word identification, 13
Step 5: Drafting a vision statement, 13
Step 6: Finalizing the vision statement, 14
2.2 Creating a shared vision, 14
2.2.1 Painting a clear picture of the future state, 15
2.2.2 Aligning daily activities to the vision, 16
Chapter 3Getting Focused Pillar Development, 18
3.1 The power of pillars, 19
3.1.1 Providing clear direction and focus, 19
3.1.2 Creating a culture of Sustainability, 21
3.2 Building the pillars, 22
Step 1: Pillar identification, 22
Step 2: Integrating Sustainability into the pillars, 25
Step 3: Pillar key word development, 32
Step 4: Key word grouping, 35
Step 5: Developing pillar mission statements, 36
3.3 Visually illustrating the pillars, 38
Chapter 4Financial Objectives, 41
4.1 Understanding business objectives, 42
4.2 Setting business objectives, 44
4.2.1 Setting a Revenue objective, 45
4.2.2 Setting a Gross Margin objective, 46
4.2.3 Setting an Overhead objective, 48
Chapter 5Measuring What Matters KPI Development, 51
5.1 Understanding KPIs and metrics, 52
5.1.1 Leading vs lagging, 53
5.1.2 Absolute vs normalized measures, 54
5.2 Pillar KPI development, 55
Step 1: Identify what needs to be measured, 56
Step 2: Identifying KPIs vs metrics, 58
Step 3: Defining the KPI number, 62
Step 4: Building the baselines, 64
5.3 Building a dashboard, 66
Chapter 6Setting Expectations KPI Goal Development, 69
External benchmarking, 73
Internal benchmarking, 74
Opportunity based benchmarking, 74
6.1 Pillar goal development, 75
Step 1: Choose goalsetting approach, 75
Step 2: Setting a commitment level (goal), 79
Step 3: Setting milestones, 83
Step 4: Assigning ownership, 86
Chapter 7Adding Value Program Development, 89
7.1 Program development, 92
Step 1: Gap analysis, 92
Step 2: Pareto analysis, 93
Step 3: Program identification, 94
Step 4: Program metric development, 96
Step 5: Program goal development, 97
Step 6: Action plan development, 99
Chapter 8Getting Tactical Strategy Execution, 102
8.1 Communicating the strategic plan, 103
8.1.1 Purpose, 104
8.1.2 Pillars, 106
8.1.3 KPIs, 107
8.1.4 Goals (aka Commitments), 107
8.1.5 Programs, 108
8.2 Cascading the strategic plan, 108
8.3 Building accountability, 109
8.4 Managing strategy execution, 112
8.4.1 Building the right team, 114
8.4.2 Being disciplined, 115
8.4.3 Locking in the gains, 116
8.5 Leveraging technology, 117
Final Thoughts: Making the Leap, 119
Tools and Resources, 126
References, 140
Index, 141
