Psychology in business

Psychology in business – we learn from athletes

But what about psychology in business? Here, too, studies prove that ability has to be accompanied by willingness if something is actually to be achieved. The poker or backgammon player also wants to win and mentally adjust, otherwise he can not win.
Other examples show us the sport. If we think of the grandiose sequences of tennis legend Boris Becker or the extreme will to win of FC Bayern Munich (attribution without reference to the author’s
preferences), then we know that not only does one have to be able to play well, but also to win , The success of a company also depends on the commitment of the actors. In particular, because
companies operate “team sport”, it is indispensable to serve the psychological component of corporate management accordingly.
Conclusion results in what almost everyone knows, but still heed the fewest:

  • Explore your environment again and again
  • Discover your chances
  • Plan your steps carefully
  • Get benefits
  • Always formulate current strategies and tactics
  • Be excellent in the execution
  • Minimize your losses if luck leaves you
  • Strengthen and fight
  • Make your employees a winning team
  • Work specifically on the mood in your company
    However, the deductive conclusion of the comparisons with strategy games and sport is also that the
    subject areas in which we feel safe have great potential for improvement. Professional poker players live
    well from the many laymen, all of whom are only superficially familiar with the game and attribute their
    individual losses just to their bad luck. Almost all of us believe to be a good motorist for so long, until he
    has driven with a real racing driver and most managers consider themselves incontestable experts in
    their jobs, although the optimization potential is often huge.

More and more companies are extending their commitment to responsible corporate governance across their entire value chain, to subsidiaries and suppliers. The reason for this is not only social and environmental risks as well as challenges in the control of each supply chain. Rather, a sustainable supply chain offers businesses many benefits. Sustainable supply chain management is a real motor for value creation and success, for companies as well as for society. Through the worldwide spread of good business practices, sustainable supply chain management offers great opportunities for the formation of inclusive markets and sustainable development in the sense of the mandate of the United Nations.
Today, the international participants in the United Nations Global Compact play a leading role by applying the ten principles of the Global Compact in their supply chains. Nevertheless, building a
sustainable supply chain encompassing all four areas of the Global Compact – human rights, labor standards, environmental protection and the fight against corruption – remains a huge challenge for many companies.

The Sustainable Supply Chain Sustainability Review, developed in partnership with BSR, provides a practical guide to continuous improvement to help companies meet this challenge, providing practical guidance on building a sustainable supply chain based on the values and principles of the Global Compact. With numerous examples of good business practices, the Guide helps to set the right priorities for continuous improvement measures.

We hope that this guide encourages even more companies to pave the way towards sustainable supply chains, thereby creating tangible and lasting benefits for the economy, the environment and society in all parts of the world.

Summary: Practical steps to build a sustainable supply chain

There is a growing realization that a sustainable supply chain is a significant part of corporate responsibility. Controlling the social, environmental and economic impact of a supply chain and combating corruption are useful and correct for good operations management. However, supply chains are made up of constantly changing markets and relationships. To help companies navigate this complex terrain, we have put together some basic definitions and practical measures that companies can use to build a sustainable supply chain, based on the principles of the United Nations Global Compact.

What does sustainability in the supply chain mean?

Sustainability in the supply chain means managing the environmental, social and economic impacts as well as promoting good corporate governance throughout the lifecycle of products and services. The goal of a sustainable supply chain is, in the long term, an ecological, social and economic for all actors involved in the production and marketing benefits. By taking into account the principles of the United Nations Global Compact in supplier relations, a company can promote corporate sustainability and, moreover, the sustainable development of a country.

Why are sustainable supply chains so important?

There are many reasons why companies are paving the way for a sustainable supply chain. One of the most important is to comply with and support legislation and international principles of sustainable business practices. In addition, companies are increasingly taking measures that lead to social, economic
and environmental improvements, because society expects them to do so and because they gain economic benefits from them. By controlling and improving environmental, social and economic
performance and promoting good supply chain management, the company acts not only in its own interest, but also in the interests of its stakeholders and society as a whole.