Eco 550 Week 1 Study Guide

Stage 1: Viewing Compliance as an opportunity

Core Challenge:

 To ensure that compliance with norms ratifies in an innovative.

Competencies Required:

 The ability to anticipate and articulate regulations.

 The skill to work with other companies, including rivals, to implement novel

solutions.

Innovation Opportunity:

 To utilize compliance to drive the company and its partners to experiment with

sustainable technologies, materials, and processes.

Stage 2: Making value chain sustainable

Core Challenge:

 To increase efficiencies throughout the value chain

Competencies Required:

Supply Chain: By being compliant to government regulations, companies can

drive their

Stage 3: Designing Sustainable Products and Services

Core Challenge:

 To develop sustainable offerings or redesign existing ones to become eco-

friendly.

Competencies Required:

 The skills to realize which products or services are most unfriendly to the

environment.

 The ability to generate real public support for sustainable offerings and not be

considered “Greenwashing!”

 The management knows how to scale both manufacture of products and

supplies of green materials.

Innovation Opportunities:

 Applying techniques such as biomimicry in product development.

 To develop compact and eco-friendly packaging.

Stage 4: Developing New Business Models

Core Challenge:

 To find novel ways of delivering and capturing value, which changes the basis

of competition.

Competencies Required:

 The capacity to understand what consumers want and to figure out different

ways to meet those demands.

 The ability to understand how partners can enhance the value of offerings.

Innovation Opportunities:

 To developing new delivery technologies that alter value-chain relationships

in significant ways.

 To create monetization models that relate to services rather than