company initiatives examples

5 cost reduction initiatives that minimize the need for layoffs 1. Hansen Holding has their metaphorical fingers in nearly every bite of food you take or drink you sip. Apple also runs on 100% green energy at its production facilities, relying on wind and solar power instead of fossil fuels. This includes supporting the work of universities and other research programs focused on sustainability. 1. Speaking of the top 100, Prologis is the only real estate investment trust to make 2020’s list. First you need to take consolation from the fact that you are not alone, and more importantly you need to implement an active growth and marketing plan to include the following initiatives: All the trials and triumphs of building a business – delivered to your inbox. Strategic Goals. Business Initiative synonyms. Through organization and visualization, duplicated work are easily spotted, and unnecessary tasks are dropped. The size of the companies … For example, in regards to putting the mission first, Deloitte identified a number of key actions for leaders to take based on their analysis of the leading practices of multinational companies in other health crises. Don’t give up your dream too early. Strategic Objectives Talk about putting your money where your mouth is. This company has its focus on environmental sustainability. A common pain of startups after an exhilarating first surge of early adopters is a long and frustrating plateau of slow growth, where it seems like nothing you do will get your business to profitability. Ben & Jerry’s Social Mission. Corporate responsibility more important than ever. Known more for its high-intensity, high-tech launch spectacles and factories in China than its environmental sustainability, Apple is committing to mediating the effect of climate change in some of the hardest hit areas. Most importantly, as the CEO, GM, or VP, lead by example. How Green Initiatives Can Benefit Your Business. It can be hard to imagine what exactly those practices could be. Develop eLearning experiences from program planning to launch, Grow your training team with our expert guidance and support, Discover new learning approaches, technologies, and opportunities, Craft precision microlearning programs for training in the flow of work, Provide on-the-job support, where and when they need it most, Deliver training and performance support with learning-on-location tools, Rapidly deploy virtual-led programs for your remote workforce, Explore workplace AR tools like object recognition and 3D training, We are a boutique, end-to-end solution for your training needs, Work with the experts in online and mobile corporate learning, Find inspiration for your next employee training project, Discover how we crafted engaging learning experiences for clients, As Kermit once said: “It ain’t easy being green.”. In fact, the best sponsor for a KM initiative is the person responsible for the key business driver. SnapCap specializes in quick and easy small-business loans (up to $600,000). Sample Goals, Strategies, and Initiatives These examples are drawn from finished strategic plans, so they are more polished and succinct than the ideas that come out of a planning early on. 9+ Annual Operational Plan Examples; 10+ Sales Strategy Plan Examples; The usage of business development strategy plans is not limited to big corporations and profitable organizations. Whether you try out one of the employee engagement initiatives above or create your own, it’s important to understand how to improve employee engagement overall. All Rights Reserved, This is a BETA experience. Be prepared to offer updates on your initiative, not just internally but externally. An entrepreneur who has struggled to fund and build a dream solution may think they can relax when the first wave of customers come in. The paper is based on PMI® Pulse of the Profession™ reports, PMI's Managing C… Examples of Positive Change Initiatives. An example would be coming up with a unique idea that helps a company improve productivity. This site is protected by reCAPTCHA, and the Google Privacy Policy and Terms of Service apply. If you’re looking for inspiration, Accenture is definitely a company to keep your eyes on. They are also aiming for a 90% recycling rate, too. Regardless of your company’s goals, here are 12 examples of corporate sustainability initiatives from 2020 to get you started. It’s hard to believe that a company that uses plastic as its primary material would offer any good examples of corporate sustainability initiatives, but here we are. In present use, agile thinking means to embrace the “agile values” declared by agile software evangelists, those values being things like flexibility, speed, customer responsiveness, change, and good engineering. Be curious and ask questions. At Ben & Jerry’s, positively impacting society … This process starts with crafting your survey and asking the right employee engagement questions to understand what’s driving engagement. Alibaba Group. Companies around the world are prioritizing sustainability more than ever before. I am the Founder and CEO of Startup Professionals, a company that provides services to startup founders around the world. Deciding on a path to sustainability and getting the training your workforce needs to get there. Corporate sustainability goes beyond the buzzwords and drives changes to lessen the impact of your business on the planet. 9. Business intelligence’s ability to keep track of performance, as well as alert decision makers on behavioural changes, make it a complementary approach as demonstrated by the desire by many companies to become more eco-friendly. After all, if they don’t engage with your wellness programme then your money is wasted. To only use plastic packaging that is reusable, recyclable, or compostable by 2025. Some companies focus on environmental sustainability initiatives, while others have sustainability goals for health, poverty, education, and equal access to resources. By using one of Resume.io’s field-tested resumes, and following these helpful tips on the creation of your resume, you … This includes reaching out to and encouraging suppliers to make more sustainable choices. Companies are able to achieve the desired target state by the integration of program and change management. Ford Motor Company. While there are plenty of companies doing diversity right, these ones really stood out for their focus on employee engagement. If you want your business to reap the benefits of having a healthy and happy team, check out these 14 employee well-being initiatives recommended by leading members of Forbes … It might sound idealistic for your staff to embrace wellbeing initiatives and become more productive, healthier and happier. Grow shareholder value: The top goal of your organization may be to increase the value of your organization for your shareholders, stakeholders, or owners. Their board of directors is made up of 40% of people who identify as women. Value can be define… ... 8 Initiatives To Increase Your Business Growth Curve. Business Managers should demonstrate superior analytical and problem solving skills, as well as the ability to lead employees and company initiatives. My experience with investors includes roles on the selection committee of two local Angel groups, and working from the other side of the table with several VCs in Silicon Valley. Another bonus is their commitment to gender diversity. As the debate about climate change continues, more examples of how to fight it are popping up around the world.. New York-based Recyclebank took note of sustainable solutions in the U.S. and issued a ranking of the 10 it believes set the bar for urban sustainability and environmental practices by inspiring other communities. Design: Dell. For example, a strategic initiative is not a strategic goal. Banco de Brasil is the most environmentally sustainable bank in the world. 3. Bosch has dedicated 50% of its research and development budget to create and support technology that protects the environment. Small businesses can also use this document for them to be guided within the development of their operations.. Their focus is on sustainable buildings and developments that are environmentally sound. As mentioned earlier, BSR and Futerra are actively hoping to build up examples of successful case studies that can be added to this tool over time. An example would be coming up with a unique idea that helps a company improve productivity. Strategic initiatives are set up to achieve the formulated business strategy and with this to remain competitive. Writing the best mission statement doesn’t have to be an exercise in verbose literature. We explained corporate social responsibility, or CSR, as a set of practices that organizations use to contribute to the well-being of their immediate community.. In fact, they are number three in the world on the Corporate Knights’ Global 100 list of the world’s most sustainable corporations. Any team at your business can sneak a peek at this roadmap to understand how the rest of the organization will participate in “biz dev” and thus, plan their initiatives accordingly. Feel free to Circle me on Google+. Sales Initiative Ideas. EXAMPLE of SMART goals 4: In our case, it could be to achieve the 35% increase in sales by the end of the year. List of Companies that Have Great Environmental Initiatives 1. In operating your own business, determining your “return on investment” is always top of mind when making decisions. The company is going even further by partnering with the U.S. Another example of adding value is motivating others within a work group to reach team goals. The company engages in numerous CSR initiatives, from the Green World Alliance to participation in the Electronic Industry Citizen Coalition.. Some were just simply brilliant, others warmed my heart, and all made me proud to work with the companies that launched and nurtured them. Your company might be considering corporate sustainability initiatives but wondering just how hard it is to implement meaningful change in your organization. Top synonyms for business initiative (other words for business initiative) are entrepreneurship, entrepreneurial initiative and business venture. Employees want to have confidence in their leaders and they want to be inspired and engaged by them. For example, upper management might start … Among LEGO’s environmental goals are reducing packaging and sourcing 100% renewable energy by the end of 2020. Corporate philanthropy is important for nonprofits because it allows companies to show that they also care about the causes that their employees are passionate about. Business process improvement can, for example, cut costs noticeably in an organization. The good news is that there are many companies leading well in this arena.. Interactive Enduring Ideas: The Porfolio of Initiatives . Postal Service to provide green shipping options and also offering local places to sell goods to further reduce the environmental cost of shipping. EXAMPLE of SMART goals 6: Milestones can clearly highlight the KPIs the business wants to hit during this growth period, thereby giving your teams specific goals (and deadlines) to strive towards. Those with man… Our examples highlight ways companies achieved branding success through creative marketing initiatives. They are also aiming for a 90% recycling rate, too. Being a Leader & the Effective Exercise of Leadership The Practice of Leadership Extraordinary Leadership Support and Direction . You may opt-out by. Examples of these kind of activities can include filing, organizing hardcopy and electronic files, scanning, shredding, archiving old documents, cleaning up data including filling-in incomplete information and removing or merging duplicates, spotlessly cleaning the office fridge or microwave, organizing departmental filing cabinets etc. Remember these key steps in building and improving your plan: Get buy-in from the top down; Form a sustainability team and involve people from all impacted areas of your business; Get your plan in writing Institute a hiring or headcount freeze 1. 6 Min. You create a display for seasonal items by the checkout … Here are two ways organizations can act to improve leadership: In present use, agile thinking means to embrace the “agile values” declared by agile software evangelists, those values being things like flexibility, speed, customer responsiveness, change, and good engineering. 20 Business-to-Business Examples. Examples include: When giving constructive criticism or performance feedback, always give “compliment sandwiches” (compliment, criticism, compliment), assign work based on people’s strengths to set everyone up for success, exhibit small acts of kindness like holding the door open for coworkers, etc. Strategic & Business Planning Executive and Management Coaching Power Group Other Offers . Genesys: CX Heroes. Read Managing By: Kayla Matthews. Conflict Resolution Expert Meeting Facilitation … Looking to Hire? Take your vacations, be … SHARE: Looking back to 2012, … The company also uses renewable energy sources in manufacturing. For this purpose, try to observe everything going on around you as much as you can. Wellness Initiatives in the Workplace Create Results. Okay, this isn’t exactly what we mean, but it sure is green! Resources are allocated with efficiency and intelligence, which makes processes work better, spending less. Green loans are given to environmentally-focused projects and a third of Banco de Brasil’s loan book consists of green loans. These days, pharmaceutical companies are working hard to clean up their image, but GlaxoSmithKline is also working hard to keep the environment clean. To take initiative you should know how things work and how you can improve them. Automotive companies are known to be among the heaviest polluters. Leadership Development . If your company is contemplating layoffs, explore strategies to decrease your overhead before taking action. My background includes a 30-year track record as an executive in general management, computer software development, product management, and marketing. Next come initiatives that require a company to acquire certain kinds of knowledge. I am the Founder and CEO of Startup Professionals, a company that provides services to startup founders around the world. The list was too long to elaborate here, but 250 different companies across a wide variety of industries have pledged to eliminate unnecessary plastic in their products and packaging and to recycle and reuse the plastic that is needed. They are committed to reducing their environmental footprint, reducing waste and emissions by 25% by 2030. At EdgePoint Learning, we can help you turn your inspiration to do good into effective, efficient, and engaging training around your corporate sustainability initiatives. Among LEGO’s environmental goals are reducing packaging and sourcing 100% renewable energy by the end of 2020. Keep up to date on learning industry news and the latest EdgePoint offerings. 3. 1. Opinions expressed by Forbes Contributors are their own. It’s hard to believe that a company that uses plastic as its primary material would offer any good examples of corporate sustainability initiatives, but here we are. By implementing corporate philanthropy programs and keeping employees in the loop about those programs, companies can increase their positive impact on the world by supporting various charities as decided by their … You may not recognize the name, but Chr. Everlane has launched a clothing line, ReNew, that uses plastics to make fashionable, functional, and environmentally friendly outerwear. It’s a simple, yet powerful, way to put more money towards sustainability. As you can probably imagine, there are countless business-to-business examples out there that you can learn from, but here are 20 of my favorites (in no particular order): 1. It is a more general endpoint that speaks to the company’s needs. In this particular example, the applicant was able to successfully share how their initiative helped raise awareness for the school but at the same time emphasize their desire to intern for the mentioned company. This type of initiative may be demonstrated by helping the company achieve an important goal. Unfortunately, the challenges of scaling a business, and making it profitable, often last longer than the product development phase. Get in touch today to learn how EdgePoint can help with your next project. Too many entrepreneurs don’t know what to do at this point, largely accounting for that disappointing 50 percent of startups that fail in the first five years, according to Gallup. The most recent data shows that 82% of their buildings have energy efficient lighting, and 40% of them have cool roofs. Institute regular recognition of employees Strategic Vision Infographic Not everyone in your company has a 10,000-foot view of where the organization is headed—some folks are on the ground, carrying out the essential day-to-day work that keeps your company moving. Business Initiatives has a proven track record for growing people and companies. To say respect for multicultural diversity is at the core of this company’s success would be a drastic understatement. In any case, it’s no fun to be stuck in this stage, struggling to make payroll, and dealing with impatient creditors and unhappy investors. Fairly abstract, we admit. In addition to blogging, I recently released my first book titled “Do You Have What It Takes To Be An Entrepreneur?” You can contact me directly at marty@startupprofessionals.com . Their corporate sustainability initiatives are focused on the United Nations’ Sustainable Development Goals (SDGs) and are centered on improved sustainability around food yields, reducing food waste, and eliminating antibiotics in animal production. Examples of strategic goals for this perspective include: 1. This article is a critique of, “agile thinking,” with examples provided for a strategic initiative at Corning: Agile Business Innovation. It can be helpful to have examples of corporate sustainability initiatives to look to for inspiration. Let’s get started today. Pets. Always remember to end your answers with a strong and powerful statement that’s sure to leave a lasting impression. The first step? For example, Google has a sustainability effort called Google Green to use resources more efficiently, which has led the company to an overall drop in power requirements for their data centers by an average of 50 percent. Creating a business strategy that's in line with the vision you have for your company takes time and development. 1. A strategic goal is part of strategic planning. Socially responsible companies and business leaders care about more than the financial bottom line. You might consider eBay the godparents of all other corporate sustainability initiatives. Unfortunately, the challenges of scaling a business, and making it profitable, often last longer than the product development phase. Com April 27, 2000 Photo Scott Gries/ImageDirect. These wellness initiatives can also empower employees to lead healthier lives, which in turn can lead to improved performance in the workplace. Another example of adding value is motivating others within a work group to reach team goals. They also want their leaders to recognize the importance of people in the journey. Working with Conservation International, Apple has pledged to replant 27,000 mangrove trees along the coastline in Colombia. The executive management is responsible for defining the right answers with a fitting strategy and is accountable for implementation. L’Oréal. The good news is these challenges are not rocket science, so anyone can do it. Before we dive in to the examples, let’s talk about how to choose the right ones for your organization. Sample Goals, Strategies, and Initiatives These examples are drawn from finished strategic plans, so they are more polished and succinct than the ideas that come out of a planning early on. Google’s focus on “greening” their supply chain is just one of the ways they are working to improve their sustainability efforts. After all, they pioneered the idea of reusing goods instead of throwing things out to buy something new. Most workers and 76% of millennials take CSR into account when choosing a workplace. These examples will hopefully get your gears turning on how you can take your environmental sustainability initiative to the next level. When selecting and creating your financial objectives, consider what you’re trying to accomplish financially within the time span of your strategic plan. I'm now in "give-back mode" as a mentor to startup founders, and an Angel investor. Use these examples of cost reduction initiatives to guide your approach, and keep employee layoffs as a last resort. Some make big mistakes, such as Webvan expanding too fast with a huge infrastructure, and Pets.com, trying to grow the business with a negative margin, under the mistaken assumption that winning customers is more important than making a profit. By Rob Enderle, Posted December 26, 2012. My background includes a 30-year track record…. A Forbes Top Multinational Performer, beauty company L’Oréal has a presence in 130 countries on five continents. 7. eBay Eco-Initiatives. This commitment means that 60% of their revenue is considered “clean.”. Our examples highlight ways companies achieved branding success through creative marketing initiatives. This article is a critique of, “agile thinking,” with examples provided for a strategic initiative at Corning: Agile Business Innovation. Even then, there is a need for a clear roadmap that will tie in business intelligence with green initiatives. Source: Tools hero. They adjust their business strategies to positively impact society and the environment. This type of business may seem inherently unsustainable unless, like Neste, your company decides to invest heavily in biofuels and commit to developing that revenue stream to nearly half of their total revenue by 2050. Here’s a sample of the variety of projects we’ve created to help companies break down a strategic vision or internal initiative. Resources are allocated with efficiency and intelligence, which makes processes work better, spending less. The vital environment leads to permanent changes in a company. Since half the struggle is recognising initiative in yourself and others, here are some examples of showing initiative at work: You work in a shop and notice certain products sell best at particular times of year. But you don’t have to be a large corporation to see results like these. This clothing company is focusing on the third of the three “Rs”: recycle. Business Process Improvement Examples. In our research, we came across several excellent examples of cultures to emulate. For example, let’s assume that there is a corporate initiative to get employees throughout all levels and sites of the company to volunteer some of their time to community projects. 12 Examples Of Corporate Sustainability Initiatives To Inspire Your Goals, 50% of its research and development budget. We’ll use these examples along with other strategies to help you set your business goals for the remainder of 2019 (and, hopefully, to help you get started in 2020!) Companies all throughout the country are beginning to implement wellness initiatives in the workplace in an effort to curb rising healthcare costs. A strategic goal is set by the company to identify what they want to accomplish in a business strategy. From their sustainable energy sources to their farmer’s markets to the herds of goats that trim their grass, you don’t need to search hard for Google’s corporate culture of sustainability. Your objectives link out to your measures and initiatives. Neste Corporation refines and markets oil out of Finland. Genesys, a cloud communications company, decided to present their product with a humanitarian image. Genesys, a cloud communications company, decided to present their product with a humanitarian image. Another way to show initiative is to help the community by becoming a volunteer. The Best IT Initiatives and Examples of Excellence from 2012. When it’s not a requirement. This is just the first step in their commitment to completely erase plastic from their supply chain by 2021. XEROX – Community Involvement Program. Short term business goals are those that you can accomplish in a quarter or, on the longer end of the short-term world, after a year. Some examples of SMART goals for a business EXAMPLE of SMART goals 5: E-commerce: increase our base of leads that register on the site by downloading materials by 25% by the end of the year. However, form must follow function, and different business structures make sense for initiatives that are different from the core operations. However, Ford Motor Company is changing this narrative through their ten-part environmental policy that they have implemented for years. The company is also collaborating with truck and component manufacturers to build energy-efficient prototype tractors. Its corporate sustainability initiatives include offering more green loans than any other bank. Spotlight: Examples of Local Social Initiatives Employee Wellness by Eurofins Lancaster Laboratories (“ELL”), Pennsylvania and Eurofins Food Testing Germany, Hamburg Lancaster: In Lancaster, Eurofins successfully occupied a new building in 2019 of over 167,000 square feet, which included a workout centre and cafeteria (“Flik”) to encourage healthy habits and living. These trees “scrub” carbon from the atmosphere and protect the coastlines from erosion. © 2020 Forbes Media LLC. In addition to cutting your utility costs, it’s also quite possible to cut down on the costs of transportation, water, waste disposal, and paper.Of course, your biggest savings in these areas will depend on the kind of company you operate. Business process improvement can, for example, cut costs noticeably in an organization. Short Term Business Goals. In this article, we will discuss what a business strategy is and why it's important, the components of a business strategy and 10 examples of business strategies to help you generate ideas for your own company. Through organization and visualization, duplicated work are easily spotted, and unnecessary tasks are dropped. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights, Subscribe Now: Forbes Entrepreneurs & Small Business Newsletters. A strong example of using initiative in a job application is like a piece of evidence, and is often the starting point for a conversation in your interview. Financial objectives are typically written as financial goals. The role of the committee is to shape initial ideas into a smaller and clearer set of goals, strategies and supporting initiatives through several iterations of discussion, drafting, review and redrafting. In developing initiatives over time, a company must have enough of them not only to ensure large current returns but also to place bets that could help it grow in the medium and long terms. Their ultimate goal? Choose the initiative that’s right for your company. In 2018, XEROX made it to the “100 Best Corporate Citizens List” by Corporate Responsibility Magazine for the twelfth consecutive time.. And no surprise. Moreover, Nike has pressed 650 of its suppliers in 52 countries to develop and implement written environmental policies. Maybe your company’s budget doesn’t run into the millions, but these examples of corporate sustainability initiatives will inspire you to consider what you can do. Genesys: CX Heroes. None of these corporate philanthropy examples are mutually exclusive. This type of initiative may be demonstrated by helping the company achieve an important goal. Your specific business … SnapCap. The computer company's integrates alternative, recycled … You’ll find all 56 of them categorized below by perspective and/or theme. The common thread among all business initiatives is a desire to make some sort of improvement that will ultimately benefit the company's bottom line. I noticed that only people in similar friend groups are being elected to leadership positions in my student organization. However, brands that go the extra mile are employing exemplary CSR initiatives. I would like to amend the application and election procedures to ensure a more equitable and inclusive outcome. These savings, and others like them, can then be redirected to other areas of the business. Other than decreasing your business’s impact on the environment, one of the biggest benefits of implementing green initiatives is cutting costs, particularly in regards to energy consumption. Looking back to 2012, there were a number of initiatives that showcased brilliance in technology companies. As the company’s revenue continues to grow, Salesforce stands as a prime example of the idea that profit-making and social impact initiatives do not have to be at odds with one another. SHARE . Here’s a sample of the variety of projects we’ve created to help companies break down a strategic vision or internal initiative. The software company aims to achieve a 75% reduction, from 2000 levels, in company emissions by 2015. Experts have noted that more initiatives fail than succeed because companies don’t have a game plan. Business Process Improvement Examples.