Creating Shared Value (CSV) is a business concept first introduced in Harvard Business Review article Strategy & Society: The Link between Competitive Advantage and Corporate Social Responsibility. The concept was further expanded in the January 2011 follow-up piece entitled "Creating Shared Value: Redefining Capitalism and the Role of the Corporation in Society". Written by Michael E. Porter, a leading authority on competitive strategy and head of the Institute for Strategy and Competitiveness at Harvard Business School, and Mark R. Kramer, Kennedy School at Harvard University and co-founder of FSG, the article provides insights and relevant examples of companies that have developed deep links between their business strategies and corporate social responsibility (CSR).
The central premise behind creating shared value is that the competitiveness of a company and the health of the communities around it are mutually dependent. Recognizing and capitalizing on these connections between societal and economic progress has the power to unleash the next wave of global growth and to redefine capitalism.
Read more about Creating Shared Value: Mechanism, Ecological Accounting Challenges, Comparison With Corporate Social Responsibility, See Also
Famous quotes containing the words creating and/or shared:
“It is useless to contend with the irresistible power of Time, which goes on continually creating by a process of constant destruction.”
—E.T.A.W. (Ernst Theodor Amadeus Wilhelm)
“When young people are too rigidly sequestered from [the world], their lively and romantic imaginations paint it to them as a paradise of which they have been beguiled; but when they are shown it properly, and in due time, they see it such as it really is, equally shared by pain and pleasure, hope and disappointment.”
—Frances Burney (1752–1840)