Homework Help is Here – Start Your Trial Now!
Engineering
Computer Engineering
Please explain the purpose,  how it works, and strengths of shared value.

Please explain the purpose,  how it works, and strengths of shared value.

Computer Networking: A Top-Down Approach (7th Edition)
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
See similar textbooks
icon
Related questions
Question

Please explain the purpose,  how it works, and strengths of shared value.

 

Some critics have contended that CSV is essentially the same as corporate social responsibility (CSR). 3 But Porter and Kramer maintain that CSR is a different concept. For example, CSR is often perceived primarily as a cost center, while CSV is focused on new business opportunities that create new markets, improve profitability, and strengthen competitive positioning. CSR is about responsibility; CSV is about creating value. HOW IT WORKS: There are three distinct ways in which a company can create shared value: 1. Reconceive value and markets: meeting societal needs through products and serving unserved or underserved customers. 2. Redefine productivity in the value chain: utilizing resources, energy, suppliers, logistics, and employees differently. 3. Improve the local and regional business environment: improving skills, supplier base, regulatory environment, and supporting institutions that affect the business; strengthening the cluster on which the company depends. Strengths: CSV connects strategy and social goals. It sounds like an appealing way to achieve societal goals that helps it get adopted and may improve its chances for success. Corporations see societal issues as opportunities to improve economic performance rather than as disconnected external threats.9
Transcribed Image Text:Some critics have contended that CSV is essentially the same as corporate social responsibility (CSR). 3 But Porter and Kramer maintain that CSR is a different concept. For example, CSR is often perceived primarily as a cost center, while CSV is focused on new business opportunities that create new markets, improve profitability, and strengthen competitive positioning. CSR is about responsibility; CSV is about creating value. HOW IT WORKS: There are three distinct ways in which a company can create shared value: 1. Reconceive value and markets: meeting societal needs through products and serving unserved or underserved customers. 2. Redefine productivity in the value chain: utilizing resources, energy, suppliers, logistics, and employees differently. 3. Improve the local and regional business environment: improving skills, supplier base, regulatory environment, and supporting institutions that affect the business; strengthening the cluster on which the company depends. Strengths: CSV connects strategy and social goals. It sounds like an appealing way to achieve societal goals that helps it get adopted and may improve its chances for success. Corporations see societal issues as opportunities to improve economic performance rather than as disconnected external threats.9
Limitations: CSV requires a change in mind-set from focusing primarily on profits to a higher level of thinking about meeting societal needs and being sustainable. There will always be tension within a business between its economic and social goals. Often, when the choice presents itself, leaders will choose the economic goals (i.e., higher profits). Role of the management accountant: Management accountants can identify parts of the organization's value chain that may have opportunities for creating shared value, such as clustering the company's and suppliers' operations near each other. Management accountants can play a vital role in CSV especially in the area of measuring shared value.10 .
Transcribed Image Text:Limitations: CSV requires a change in mind-set from focusing primarily on profits to a higher level of thinking about meeting societal needs and being sustainable. There will always be tension within a business between its economic and social goals. Often, when the choice presents itself, leaders will choose the economic goals (i.e., higher profits). Role of the management accountant: Management accountants can identify parts of the organization's value chain that may have opportunities for creating shared value, such as clustering the company's and suppliers' operations near each other. Management accountants can play a vital role in CSV especially in the area of measuring shared value.10 .
Expert Solution
steps

Step by step

Solved in 4 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Computer Networking: A Top-Down Approach (7th Edi…
Computer Networking: A Top-Down Approach (7th Edi…
Computer Engineering
ISBN:
9780133594140
Author:
James Kurose, Keith Ross
Publisher:
PEARSON
Computer Organization and Design MIPS Edition, Fi…
Computer Organization and Design MIPS Edition, Fi…
Computer Engineering
ISBN:
9780124077263
Author:
David A. Patterson, John L. Hennessy
Publisher:
Elsevier Science
Network+ Guide to Networks (MindTap Course List)
Network+ Guide to Networks (MindTap Course List)
Computer Engineering
ISBN:
9781337569330
Author:
Jill West, Tamara Dean, Jean Andrews
Publisher:
Cengage Learning
Concepts of Database Management
Concepts of Database Management
Computer Engineering
ISBN:
9781337093422
Author:
Joy L. Starks, Philip J. Pratt, Mary Z. Last
Publisher:
Cengage Learning
Prelude to Programming
Prelude to Programming
Computer Engineering
ISBN:
9780133750423
Author:
VENIT, Stewart
Publisher:
Pearson Education
Sc Business Data Communications and Networking, T…
Sc Business Data Communications and Networking, T…
Computer Engineering
ISBN:
9781119368830
Author:
FITZGERALD
Publisher:
WILEY
SEE MORE TEXTBOOKS