Post and response

“I pledge on my honor, that I have not violated Central Michigan University’s academic integrity policy.”

 Compare:

·  Both the article and chapter relate shared value creation framework proposing that managers maintain a duel focus on shareholder value creation and value creation for society. Shared value recognizes that markets are defined not only by economic needs but also by societal needs and challenges. A Corporation is a social establishment that exists to fulfill social needs. Profit is considered motivation for action not the reason to exist (Pg. 77 Creating Shared Value)(Pg. 425 Textbook).

 Contrast:

· In contrast, in the article, the author specifically states, “Shared value, then, is not about personal values. Nor is it about “sharing” the value already created by firms/a redistribution approach. Instead, it is about expanding the total pool of economic and social value” (Pg. 65 Creating shared Value). The article goes more in-depth regarding shared value stating that if many more companies focused on creating shared value we would see important changes including stronger political support for sustainable policies, companies combating a more broad set of environmental problems with less press and more creativity avoiding environmental problems before they are created (Pg. 73 Creating Shared Value).

Emily Rawson

Drew Van Hees

Kevin Bringhurs

“I pledge on my honor, that I have not violated Central Michigan University’s academic integrity policy.”

In the article “Inclusive growth: profitable strategies for tackling poverty and inequality”. The author explains how to create inclusive, sustainable, and profit-generating ecosystems. Because of the economic globalization, many companies set up their factories in foreign countries, which the price of raw materials and labor is lower. But these places usually with a problem of poverty. The author believes that corporations should search for projects that generate economic benefits for themselves while creating socioeconomic gains for all other actors in the new ecosystem (Page 129). Follow sustainable development strategy, the company should benefit both itself and the local community, that requires corporations must reach beyond their own capabilities and partner with other private-sector entities and with government, communities, and nonprofits to create new ecosystems that will deliver value to all (Page 133). This idea is similar to the shared value creation framework which the point in the textbook, The shared value creation framework proposes that managers maintain a dual focus on shareholder value creation and value creation for society. (Page 424, Textbook)

From: Nathan Lopp, JingYuan Shi, Linran Zhang, Hairong Wang, Saini Liu, Meiqi Fang.