0 Download2 Pages / 324 Words
Add in library
Click this icon and make it bookmark in your library to refer it later.
GOT IT
The idea of shared value was coined by Michael Porter and Mark Kramer in 2011. According to the HBR article, the term shared value refers to the policies and practices that can increase the competitive nature of the company and at the same time causes advancement of the social and economic condition of the populations in which the company is operating (Pfitzer, Bockstette & Stamp, 2013). Shared values also detects the external weak points that can harm the company internally. A company can create a shared value by reimagining the markets and the products, reexamining the productivity and activating local supply chain for their product(Ragas & Culp, 2014). Innovation is a key area of a business organization. The concept of the innovation refers to the introduction of new concepts, ideas, methods in a business and that can create a new products or services. Innovation starts with various ideas and thereafter they are sorted during a brainstorming session (Afuah, 2014).
After shared value creation and innovation session, I found that, company mainly focused on the currently available product in the market and they wanted to reduce the production cost of the product by using new technologies and innovative ideas. Another main key discussion that I observed during the session that, company wanted to use the natural resources of the area and discussed about the involvement of the local community. To develop a business in a particular area it is very much important to use the local man- power in the business activity so that they can be more efficient and as a result the sustainability and product quality of the company will increase.
Afuah, A. (2014). Business model innovation: concepts, analysis, and cases. Routledge.
Pfitzer, M., Bockstette, V., & Stamp, M. (2013). Innovating for shared value. Harvard Business Review, 91(9), 100-107.
Ragas, M., & Culp, E. (2014). Business essentials for strategic communicators: Creating shared value for the organization and its stakeholders. Springer.
To View this & another 50000+ free samples. Please put your valid email id.
Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.
Upload
Unique Document
Document
Under Evaluation
Get Money
into Your Wallet
Total 2 pages, 1 USD Per Page
To export a reference to this article please select a referencing stye below:
My Assignment Help. (2021). Creating Shared Value. Retrieved from https://myassignmenthelp.com/free-samples/comm5710-creating-shared-value/social-and-economic-condition.html.
"Creating Shared Value." My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/comm5710-creating-shared-value/social-and-economic-condition.html.
My Assignment Help (2021) Creating Shared Value [Online]. Available from: https://myassignmenthelp.com/free-samples/comm5710-creating-shared-value/social-and-economic-condition.html
[Accessed 21 April 2021].
My Assignment Help. 'Creating Shared Value' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/comm5710-creating-shared-value/social-and-economic-condition.html> accessed 21 April 2021.
My Assignment Help. Creating Shared Value [Internet]. My Assignment Help. 2021 [cited 21 April 2021]. Available from: https://myassignmenthelp.com/free-samples/comm5710-creating-shared-value/social-and-economic-condition.html.
We have MLA Citation machine, APA Citation Machine, Harvard Referencing Generator, Chicago Referencing Generator etc to get proper references for all your papers. Done with drafting your papers. Generate all the references according to the format prescribed in the standard guidelines with out tools. Often papers get rejected owing to unintentional plagiarism arising from faulty referencing or simply non-referencing. Why to compromise the grades when you have drafted everything to precision? Get references and secure your grades.
Answer List at least ten ways to climb the corporate ladder. Consider roadblocks that may prevent one from climbing the corporate ladder Return on investment (ROI) is a term used to measures the performance of a business. To climb the corporate ladder successfully one has to be resilient even when the organization's environment seems contrary due to the economic downturn. Planning ahead that is having a business plan is vital since one will ...
Read More
Answer Synopsis Through this article, the author tried to show the impact of participation of employees in deliberate or strategic change on some set of factors that is related to the execution of change in the organisation. Through this article, it has been shown that participation helps in reducing the organisational resistance towards the strategic change implementation and creates a high level of emotional obligation and commitment of emp...
Read More
Answer: Introduction Human resource development can be stated as one of the factor which directly drives the factor of any organization. Human resource is one of the working area of the organization which focus on the working of the organization (Brewster and Hegewisch, 2017). The concept of the HRM can be considered as a systematic and strategic approach which is related to the managing of the people. The HRM approach can be stated to be dir...
Read More
Answer: Introduction A business plan is considered to be one of the basic steps in developing a business. The entrepreneurs need to chalk out the strategies before starting the business. Such strategies are formally documented in the form of business plans. It is needless to mention that different businesses have different business plans because of the variations in the business model, offering, marketing and operational strategies and value ...
Read More
Answer: CPU: CPU stands for central processing unit which denotes to an electronic circuit capable of fetching input commands or instructions from memory unit. Logic and arithmetic operation care performed by the CPU and it also stored the data back to the memory device. As the name implies it is the central unit of the whole system and installed in a dedicated socket on motherboard along with a fan. As shown in the diagram CPU is comp...
Read More
Just share requirement and get customized Solution.
Orders
Overall Rating
Experts
Our writers make sure that all orders are submitted, prior to the deadline.
Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.
Feel free to contact our assignment writing services any time via phone, email or live chat. If you are unable to calculate word count online, ask our customer executives.
Our writers can provide you professional writing assistance on any subject at any level.
Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.
529 Order Completed
95% Response Time
647 Order Completed
98% Response Time
1265 Order Completed
97% Response Time
2115 Order Completed
97% Response Time
Get all your documents checked for plagiarism or duplicacy with us.
Get different kinds of essays typed in minutes with clicks.
Calculate your semester grades and cumulative GPa with our GPA Calculator.
Balance any chemical equation in minutes just by entering the formula.
Calculate the number of words and number of pages of all your academic documents.
Our Mission Client Satisfaction
Amazing support and great work from the expert! Again thank you guys so much for all the help!
Australia
well prepared project. got some minor editing and got the full marks. will use it again .
Australia
good job and consider the need the of the assignment .good job and consider the need the of the assignment .good job and consider the need the of the assignment .good job and consider the need the of the assignment .good job and consider the need the...
Australia
received 72 marks this is first assignment which i have received above 70 i have given so many assignment after this i received a good marks. but expected is 75 above as i had paid too much money.
Australia
Say hello to our new app
