The Challenges Group’s Post

#PESTEL model is used for analyzing the macro environmental factors affecting a particular industry. The factors include: Political factors 📢 Economic factors 📉 Social factors 👨🎓 👩⚕️ Technological factors 🚅 Environmental factors 🌍 Legal factors 📑 #management #leadership #businessanalysis #acca

Does your company have a purpose? Does the board have oversight of it? Is it embedded in your strategy? This interesting set of 20 questions for corporate directors published by DLA Piper suggests you should. https://lnkd.in/gfTVn-mY Dr Victoria Hurth Canadian Purpose Economy Project

Well the dust has settled and as largely trailed we now have a new government with a clear majority to set their agenda so what does this mean for businesses? A major piece of work has been published by @PwC_UK, which is setting the scene for discussions about how we can develop a sustainable Industrial Strategy in the UK. You can read its Framework for Growth here and get in touch if you'd like to be part of future discussions. #IndustrialStrategy

Is it worth investing in CSR in times of crisis? We explore the answer to this question in the academic literature with Giovanni Visentin We are pleased to announce our latest publication in Management Review Quarterly: "CSR in times of crisis: a systematic literature review," co-authored with Giovanni Visentin ! Key Insights from our study: - CSR is not the first spending being cut during crises. - CSR enables firms to build valuable social capital, fostering trust and strengthening relationships with stakeholders, which proves beneficial during financial crises. - Our research highlights the strategic importance of CSR in maintaining corporate stability and resilience in times of economic uncertainty. Your thoughts and feedback are highly welcome! We extend our gratitude to the editor Peter Limbach and referees for their invaluable feedback throughout this process. ESSCA Research Marie Le Borgne-Larivière (Costes) Silke Leukefeld #CSR #CorporateResilience #FinancialCrisis

Cooperative leaders needs to tap new opportunities like digitalizing their operations to enhance resilience as part of a bigger strategy to tame emerging challenges, business uncertainties and stiff competition from other economic players. Simon Chelugui, Cabinet Secretary for Cooperative and Micro, Small and Medium Enterprises (MSMEs) opines that enhancing resilience will empower the leaders with the necessary skills and strategies to not only withstand adversity but to transform challenges into opportunities for growth and innovation. https://lnkd.in/dEfsv3Ux

The importance of an integrated, holistic approach cannot be over-emphasized, when it comes to public sector reforms. Incremental reform interventions at the institutional level may precipitate cumulative change; often however, multi-layered policy interventions, won’t produce the desired results within a given time-frame, if they do not address the interconnected issues effectively. Established systems and silos belong to a previous era of mass production and linear thinking. Systemic reform is essential for more adaptive, reflexive processes, in order to incorporate systems thinking into the narrative of sustainable development. #sustainabledevelopment #systemsthinking #investmentpolicy

Rewiring the economy - ten tasks for business, government and finance to lay the foundations for a sustainable economy: 1. Set the right targets and measures 2. Align incentives to support better outcomes 3. Drive socially useful innovation 4. Ensure capital acts for the long term 5. Value the true costs of business activities 6. Innovate financial structures 7. Align organisational purpose, strategy, and business models 8. Set evidence-based targets, measure and be transparent 9. Embed sustainability in operational practices and decisions 10. Engage, collaborate, and advocate positive change This excerpt has been taken from a report "Rewiring the Economy" published by the Cambridge Institute for Sustainability Leadership (CISL) https://lnkd.in/dQ8rrNA8 Mahesh S. Multani msm excellence #sustainability #esg #circularity #sustainableeconomy #rewiring #responsiblebusiness #purposedrivenleadership #resourcesecurity #healthyecosystems #climatestability #publicprivatepartnership #operationsexcellence #operatingstrategy #triplebottomline #chiefsustainabilityofficer

One way I found to see policies is to think of them as a list of etiquettes. Just as we have societal etiquettes for daily interactions, so also policies are the etiquettes for enterprises to engage within and with other organisations smoothly.

The public sector and the private sector must work together to build a better future. From creating new jobs to improving infrastructure and boosting economic growth, cooperation between the two sectors is vital to achieving sustainable development. But how do we ensure that the private sector operates with the highest integrity and ethics? One approach is consolidation, which can help eliminate unethical practices and shady partners from the industry. Canceled deals may also serve as a powerful tool to hold companies accountable for their actions. But it's not enough to just eliminate the bad actors. We must also focus on building a culture of integrity within the private sector. This means encouraging transparency, promoting ethical leadership, and empowering employees to speak up against wrongdoing. Only by working together and holding each other accountable can we create a thriving economy that benefits everyone. #sustainabilityviasolarpower #PoweringASolarFuture #solarindustry #cleanenergy #solarmovement #sustainability

A major piece of work has been published today @PwC_UK, which is setting the scene for discussions about how we can develop a sustainable Industrial Strategy in the UK. You can read its Framework for Growth here and get in touch if you'd like to be part of future discussions. #IndustrialStrategy