How the World’s Oldest Company Reinvented Itself | HBR

On a larger scale, the Pathbuilder group supported Stora Enso’s transformation into a global renewable materials company. In 2006, 70% of revenues and 60% of the company’s profits still came from paper; today the new growth businesses contribute 67% of sales and 76% of profits. Since 2011 the share price has more than doubled. The culture is also evolving and improving, as evidenced by an annual survey that tracks the main levers for the transformation, including innovation and sustainability, leadership, team, and engagement.

Here’s how the Pathbuilder program succeeded — and how you can implement it at your company.

Source: How the World’s Oldest Company Reinvented Itself | HBR, Albrecht Enders and Lars Haggstrom, January 30, 2018