Creating Shared Value Essay - 606 Words

Unit 3: Creating Shared Value 1 Running Head: Unit 3: Creating Shared Value Global Economic Environment Shirl Williams Unit 3: Creating Shared Value Unit 3: Creating Shared Value 2 Many companies came about out of a need or a means for products to be sold and or obtained, but often companies could not thrive on their own. Many companies were able to help the community grow by supporting and patronizing one another. So if a restaurant needed fresh produce it would use the local farmer or produce market to obtain the produce in turn the farmer might eat at the restaurant. The farmer and the restaurant might hire locals and neighbors to help the community. That would†¦show more content†¦The objective is to get it by any means necessary. We are at a point now where some companies do not have a place of origin or a home, they just recognize themselves as being global. That in of itself negates you from connecting and belonging, because what you indicate is that you belong everywhere which in essence is nowhere. The idea behind creating shared value is to find ways where everyone can benefit from growing the company rather than everyone trying to figure o ut how they individually can grow. Porter and Kramer suggest that there are Three distinct ways to create shared value. One way is by reconceiving products and markets. Essentially it is easier to to find a purpose for a product and market that rather than market a product for which there is no need. Another way to create shared value is by â€Å"redefining productivity in the value chain.† (p. 8) â€Å"Considerations in the value chain that increase shared value include the evaluation of energy use and logistics, resource use, procurement, distribution, employee productivity, and location.† http://brownflynn.wordpress.com/2011/03/01/beyond-the-triple-bottom-line-creating-shared-value/ Lastly is, Enabling local cluster development. This allows businesses to work together to solve common issues selflessly and could generate new products, growth customersShow MoreRelatedSummary Creating Shared Value1264 Words   |  6 PagesCreating Shared Value Michael E. Porter, Mark R. Kramer; Harvard Business Review Summary The article â€Å"Creating Shared Valueâ€Å", written by Michael E. Porter and Mark R. Kramer and published in the â€Å"Harvard Business Reviewâ€Å" in January 2011 deals with the idea of innovating the purpose of a corporation and their relationship to the government and social environment in order to identify unknown customer needs and expand the total pool of economic and social value. In the introduction the authorsRead MoreSummary Creating Shared Value1280 Words   |  6 PagesCreating Shared Value Michael E. Porter, Mark R. Kramer; Harvard Business Review Summary The article â€Å"Creating Shared Valueâ€Å", written by Michael E. Porter and Mark R. Kramer and published in the â€Å"Harvard Business Reviewâ€Å" in January 2011 deals with the idea of innovating the purpose of a corporation and their relationship to the government and social environment in order to identify unknown customer needs and expand the total pool of economic and social value. In the introduction the authors explainRead MoreCsr: Creating Shared Value1038 Words   |  5 Pagesreturn, contribute to the growth and development of that society. There is little argument as to the existence of this sanction but considerable debate as to whether it requires more of the corporation than the obvious: enhancing the society by creating and delivering products and services consumers want, providing employment and career opportunities for employees, developing markets for suppliers, and paying taxes to governments and returns to shareholders and other claimants on the rentsRead MoreExecutive Report : Nestle Case Study1494 Words   |  6 Pagesto ascertain if the style was a success or failure .We all worked in pairs making out our own findings and then coming together to put all the information found. I worked with my partner on finding out what a shared value is, why nestle came up with the concept of creating its shared value, and how Nestle as a company connect with its consumers. 2. KEY AREA OF RESEARCH AND SOURCES The key area researched was corporate social responsibilities. The evaluation was researched on how Nestle approachRead MoreComparing The Roles Of Shared Vision, Values, And Actions912 Words   |  4 PagesCompare and contrast the roles of shared vision, values, and actions in change leadership. Shared Vision: Creating a clear and effective shared vision delivers many benefits to one’s organization. Not only does a clear, shared vision helps define the values of the organization and its employees, it also helps guide the behavior of employees. A strong shared vision improves productivity and efficiency. In a change leadership process, shared vision serves 3 important purposes: â€Å"It clarifies theRead MoreShared Value Creation1033 Words   |  5 Pagesreally helpful to maintain the competitive advantages and gain the sustainable profit? Michael Porter and Mark Kramer, in their January/ February 2011 Harvard Business Review article - Creating Shared Value (CSV) explains what a growing companies have come to recognize - companies can derive a great deal of economic value by addressing social needs. This new approach is used to replace the traditional description of corporate social responsibility (CSR). Traditional Concept of Social Responsibility Read MoreChange Within My School And Transform It From A Culture Of Collaboration831 Words   |  4 Pagesall stakeholders are professionally on one accord (shared values and goals). I can assure that we are on one accord by creating a school mission, a shared vision, collective commitments and goals. The mission is why an organization exists, the shared vision is what the organization hopes to become, the collective commitments (values) are public declarations of what we will do to achieve our vision and goals (monitor progress). These shared values, goals and moral purpose will be the foundation ofRead MoreCorporate Social Responsibility By Porter And Kramer Essay1216 Words   |  5 PagesShared value is a business strategy which focuses on creating overall value while addressing social problems. This concept of management strategy was expressed in the â€Å"Creating Shared Value† article by Porter and Kramer. Shared value is not just an aspect of a company’s growth strategy or general business operations. It is well integrated in the way a company operates along with what their goals are as an organization. The value created for a company’s targeted end user also has some sort of socialRead MoreImpact Of Technology On Domestic And The Global Economy1254 Words   |  6 Pagestools, bicycles, driveways, clothes, accessories, and so on. This new-shared economy is a multibillion-dollar business and is growing unremarkably. The sharing concept has created markets out of things that would never have been considered to be moneymaking assets before. These new money making concepts are disrupting our traditional economy. Regular businesses have to figure out how to compete. Is this shared economy creating new value for the consumers or is it just replacing existing business? ThisRead MoreWhat Is Knowledge As The Information You Understand From Experience Or Education? Essay1448 Words   |  6 Pa gesAt a glance my reaction to this question was of course we will value knowledge if it requires a more difficult understanding. If it is difficult it must be of value. However, the more I looked at the question I began to realize that the question makes the assumption that knowledge is only valued if produced with difficulty. Like my first reaction the notion of the question is quite limited. it cannot be assumed that when something is difficult for one that it is difficult for another. When looking