Paper
19 December 2023 Systems thinking approach for strategy evolution in the Indonesian energy corporation towards sustainable organization
Galih Whisnu Romantyo, Yudo Anggoro
Author Affiliations +
Proceedings Volume 12936, International Conference on Mathematical and Statistical Physics, Computational Science, Education and Communication (ICMSCE 2023); 129361K (2023) https://doi.org/10.1117/12.3012007
Event: International Conference on Mathematical and Statistical Physics, Computational Science, Education and Communication (ICMSCE 2023), 2023, Istanbul, Turkey
Abstract
Addressing the urgent global need for sustainable energy solutions, this pioneering study carves a transformative path for Indonesian Energy Corporations, with a spotlight on PARAMEL, a leading B2B downstream fuel company. By employing an innovative combination of the Analytical Hierarchy Process (AHP) and Systems Thinking, this research tackles the energy trilemma—security, affordability, and sustainability—through a mixed-methods approach integrating content analysis, AHP, and Causal Loop Diagram (CLD) methodologies to provide actionable insights for organizational change. The study identifies three crucial clusters for sustainable transition: Organizational Strategy and Alignment (OSA), Stakeholder Relations and Engagement (SRE), and Innovation, Culture, and Financial Performance (ICF). By understanding the hierarchical relationships between these factors, organizations can design targeted strategies for sustainability. The research advocates for PARAMEL's adoption of the Visionary Sustainability Pathway (VSP), emphasizing a comprehensive sustainability strategy supported by leadership commitment and effective communication. By leveraging innovative solutions and technologies, PARAMEL can enhance environmental performance and resource efficiency. Additionally, the study introduces PARENT, a business ecosystem shifting from traditional energy trading to solutions addressing the energy trilemma. The CANVAS+ Model of PARENT is presented, along with challenges of measuring organizational sustainability progress. By examining the Sustainable Corporate Story for PARENT, the extended KPIs that covered Environmental and Social aspect, Key Value Indicators (KVIs), and Key Decision-Making Indicators (KDIs) can be developed to guide organizations. In conclusion, this paper offers a blueprint for Indonesian Energy Corporations to adopt sustainable practices, exemplified by PARAMEL. The proposed mixed-methods approach identifies key factors driving sustainable change, and by pursuing the VSP and innovative solutions, corporations can enhance their environmental performance, resource efficiency, and commitment to sustainability.
© (2023) COPYRIGHT Society of Photo-Optical Instrumentation Engineers (SPIE). Downloading of the abstract is permitted for personal use only.
Galih Whisnu Romantyo and Yudo Anggoro "Systems thinking approach for strategy evolution in the Indonesian energy corporation towards sustainable organization", Proc. SPIE 12936, International Conference on Mathematical and Statistical Physics, Computational Science, Education and Communication (ICMSCE 2023), 129361K (19 December 2023); https://doi.org/10.1117/12.3012007
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KEYWORDS
Sustainability

Analytical research

Industry

Decision making

Design and modelling

Climate change

Performance modeling

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