A perspective on megatrends and the relevance of the new EFQM Model
1. z
A perspective on megatrends and the
relevance of the new EFQM Model
Dr. Miles Weaver,
Associate Professor,
Edinburgh Napier University Business School
m.weaver@napier.ac.uk @weavermiles
#enuBschool
The Edinburgh Napier B-School @ International
Management and Governance Research Centre
3. #enuBschool
Megatrends in a Scottish context
1. SDGs offer a blueprint for a âbetter worldâ by 2030 & Scotland is
committed
â Climate change is at the heart and so are our people
2. Capitalism is due a reset â this is the new agenda (ft.com, 2019)
3. âBusiness for Goodâ is part of Scotlandâs âCAN Do/Bâ culture
4. Call for more holistic approaches to business excellence to bring
about systemic change
5. Our students offer hope as part of the ânext genâ - we live our vision
& values
â Business School for empowerment, enterprise and employability for all
â Quality Scotland mission is to embed excellence and organisational sustainability
across Scotland
7. #enuBschoolH.R.H the Prince of Wales says climate change is humanityâs
greatest threat (World Economic Forum, 2020)
âDo we want to go down
in history as the people
that did nothing to bring
the world back from the
brink? What good is all
the extra wealth in the
world, gained from
âbusiness as usualâ, if
you can do nothing with
it except watch it burn in
catastrophic
conditions?â
First environmental speech in
1968.
This week launches a
Sustainable Markets Initiative
that aims to find ways to
decarbonise the global economy
8. #enuBschool
Be Bold â Circular Economy can Transform Business
(Edinburgh Chamber of Commerce, 11/8/18)
(Image: Fraser Bremner)
Iain Gulland, Chief Executive, Zero Waste
Scotland, said: âEdinburgh is one of the
worldâs leading cultural cities and our
ambition is to make it one of the worldâs
leading circular cities â where all resources
are used to their maximum, for the benefit of
people, business and the environment
(Business Insider, 27/8/19)
11. Landscape for Purpose-driven Business in practice
Conventional wisdom
⢠âThe social responsibility of
business is to increase its
profitsâ (Friedman, 1970)
⢠âDonât worry about social
issues, that this was sort of
something on the side, that
somebody else was doing
itâ (Porter, 2013)
Practice today
⢠Trends and calls to reconnect business and
societal goals, going beyond CSR as a firmâs only
moral obligation (e.g. Porter and Kramer, 2011;
Bansal & DesJardine, 2014; Scagnelli and Cisi,
2014).
Survey of Scottish business leaders (Social Lab, 2015)
found:
⢠Only 29% state that the sole responsibility of a company is
to maximise profits
⢠89% of business leaders agree that responsible behaviour
drives business success
⢠52% of businesses say there is a clear business case for
investing company resources in community, social and
environmental issues
14. Sustainable Value = both + to shareholder & stakeholder
(Laszlo and Zhexembayeva, 2011)
⢠Creating on-going value
for an organisation
shareholders and
stakeholders
⢠This is a natural outcome
of the new external
environment
⢠Responding positively to
a range of âstakeâ holder
needs
⢠Indispensable to future
competitive advantage
16. #enuBschool
According to UN Ex-Secretary-General Ban Ki-moon:
âOur struggle for global sustainability will be won or lost in our
citiesâ
17. #enuBschool
4. Call for more holistic approaches to
business excellence to bring about
systemic change
Purpose-driven:
⢠Creating value
⢠Demonstrating values
Holistic & systematic:
⢠Capturing value beyond the firm boundary
Putting values into purposeful action:
⢠Leadership
⢠(Disruptive) innovation
⢠Collaborative / Stakeholder integration
⢠Sustainability
Results that matter:
⢠Stakeholders AND Shareholders
Impact:
⢠Local to global / Next gen / New agenda
⢠âIâ, âweâ in the context of âusâThe new EFQM Model (2020)
20. #enuBschool
âO wad some Power the giftie gie us, To see oursels as
ithers see us!â Robert Burns - To a Louse (1786)
âat the end of which I shall
probably be deadâ
(H.R.H the Prince of Wales,
World Economic Forum,
22/1/20)
Hinweis der Redaktion
Q: how well equipped
SDGs offer a blueprint for a âbetter worldâ by 2030
Opportunities are in abundance
Scotland provides a beacon of hope â NPF, SDG network, Scotland Can B, Scottish Business Pledge, Glasgow COP26 Glasgow, Edinburgh
âSustainability is won or lost in our citiesâ - Itâs all about people and place â bound by our relationships not necessary artificial boundaries such as sectors
Post-Brexit leaders will call for more holistic and systemic approaches to Excellence - Leadership, Innovation & Sustainability are key enablers recognised in the new EFQM model
Scotland provides a beacon of hope â the challenge is set in the SDGs, embedded in the NPF, Scottish Business Pledge & Scotland CAN B initiative
Competitive advantage is deep rooted in the ânatural environmentâ & âpeopleâ â itâs relational, we co-exist in âcommunitiesâ in articifical boundaries
Capitalism is due a reset â this is the new agenda (ft.com, 2019)
Consensus emerging that purpose-driven businesses âdo well by doing goodâ by âputting purpose beyond profitâ â , particularly the âBcorpâ movement
Letâs discuss our understanding of the term âvalueâ
Rise of the purpose-driven business
Systemic change starts with an âIâ ⌠moves to âweâ and sees âusâ
Post-reductionist period calls for holistic approaches to excellence
Enablers: Leadership, Innovation & Sustainability
Climate change is humanities greatest threat (HRH Prince Charles, 22.1.20)
Circular Edinburgh hotspot â potential ÂŁ1bn boom (Edinburgh Chamber of Commerce, 2019)
âSystems Change not Climate Changeâ
Capitalism is due a reset â this is the new agenda (ft.com, 2019)
âinclusive capitalismâ is at the heart of the Scottish approach (Scotlandâs Economic Strategy, 2015) for a competitive & fairer Scotland
âThe social responsibility of business is to increase its profitsâ (Friedman, 1970)
as long as it stays within the rules of the game (no deception or fraud)
Business people are experts at making money not social policy
Should be left to government & social service agencies
Capitalism is due a reset â this is the new agenda (ft.com, 2019)
âinclusive capitalismâ is at the heart of the Scottish approach (Scotlandâs Economic Strategy, 2015) for a competitive & fairer Scotland
âBusiness for Goodâ is part of Scotlandâs âCAN Do/Bâ culture
Emerging consensus that you âdo well by doing goodâ
Emerging eco-system in purpose-driven business that put âpurpose beyond profitâ
Sustainability is âlocalâ â people & place are bounded by their relationships
Conduits can bring about a meaningful engagement in cross-sector partnerships to co-create solutions
Relevance of model
Call for more holistic approaches to business excellence to bring about systemic change
Leadership, Innovation & Sustainability are key enablers recognised in the new EFQM model
Competitive advantage deep rooted in the ânatural environmentâ and ârelationalâ
Letâs not get hung up on the term âvalueâ
Systemic change and value creation starts with an âIâ ⌠moves to âweâ and sees âusâ