Shared Value Initiative India

12
sharedvalueinitiative.org sharedvalue.org Shared Value Initiative India - Partner Day November 2015

Transcript of Shared Value Initiative India

Page 1: Shared Value Initiative India

sharedvalueinitiative.org sharedvalue.org

Shared Value Initiative India - Partner Day

November 2015

Page 2: Shared Value Initiative India

2 sharedvalue.org

A Shared Value Story from Cote d’Ivoire

sharedvalue.org

Page 3: Shared Value Initiative India

3 sharedvalue.org

Shared Value as a Global MovementAbout the InitiativeLaunched in 2012, the Shared Value

Initiative is a global

community of practice committed to

driving adoption and implementation of shared value strategies among leading

companies, civil society, and

government organizations.

By the Numbers

8K Sharedvalue.org Community Members

50 Organizational

Partners

831K Page views on sharedvalue.org

4.6K Summit livestream viewers in

2015August 2014

Page 4: Shared Value Initiative India

4 sharedvalue.org

Shared Value as a Global MovementInitiative Partners

Associates and Research Associates

Partners

Leadership Council Global Amplifiers

INGO Working Group

Page 5: Shared Value Initiative India

5 sharedvalue.org

Which institutions are (1) most responsible for and (2) most capable of addressing social problems at scale?

sharedvalue.org

Government NGOs

Individuals Communities

Philanthropy

PrivateSector

Page 6: Shared Value Initiative India

6 sharedvalue.org

Shared value brings the scale and power of capitalism to social issues

sharedvalue.org

Private Sector

Governments

Nonprofits

Foundations

< U.S. Size of Sectors in 2012 >

Page 7: Shared Value Initiative India

7 sharedvalue.org

Why is shared value a relevant concept now? Unparalleled social challenges can be opportunities

sharedvalue.org

Urbanization

Aging Society Climate Change

Food Security

Water Scarcity

Labor Shortages Population Growth

Rural Poverty

Page 8: Shared Value Initiative India

8 sharedvalue.org

Corporate thinking about social issueshas evolved over the past decade

sharedvalue.org

- Focus on Public Relations

- Increase Philanthropy

- Engage stakeholders

“It is a problem”

- Add costs to fix the problem

- Report transparently on our results

- Leverage corporate assets

“Let’s solve the problem”

“It is not a problem”

- Ignore it- Minimize our

responsibility

- Philanthropy is enough

- Build social issues into corporate strategy to:

- Lower costs

- Grow revenues or

- Differentiate our value proposition

“It is an opportunity!”

Evolving Perspectives on Corporate Social Engagement Approaches

Page 9: Shared Value Initiative India

9 sharedvalue.org

Shared value is created when both social and business issues are addressed, connecting a company’s success with social progress

sharedvalue.org

BusinessOpportunities

Corporate Assets and Expertise

Social Needs

Shared Value is: Policies and practices that enhance the competitiveness of a company while simultaneously advancing the economic and social conditions in the communities in which it operates

Shared Value is NOT:• Sharing the value already

created (philanthropy)• Personal values• Regulatory compliance

Page 10: Shared Value Initiative India

10 sharedvalue.org

Companies are creating shared value in three ways

sharedvalue.org

Building Clusters and Framework Conditions

Redefining Productivityin the Value Chain

Reconceiving Productsand Services

1

3

2

Create strong competitive context with favorable regulatory environment, input factors, demand conditions, and vitality of supporting industries to unleash business growth

Improve production processes, distribution systems, and the quality, quantity, cost, and reliability of inputs, while simultaneously acting as a stewards for essential natural resources and driving economic and social development

Produce and sell products and services that meet pressing societal needs and create new market and profitable revenue opportunities

Page 11: Shared Value Initiative India

11 sharedvalue.org

Most companies take a portfolio approach with shared value as one component of their portfolio

sharedvalue.org

Soci

al Im

pact

Business Impact

Shared Value Enhancers Shared Value Initiatives

Community Obligations Business First

Create an enabling environment that supports company’s growth

plans and social goals

Develop initiatives that improve competitiveness by

simultaneously creating economic and social value

Fund social initiatives that meet critical community expectations

Focus on excellence in the core business

Page 12: Shared Value Initiative India

12 sharedvalue.org

Adopting Shared Value at the Enterprise Level

sharedvalue.org

Setting a shared value strategy and goals beyond “doing well by doing good”

Connecting strategic objectives to scaled initiatives

Building an organizational culture where shared value is recognized and valued, in dialogue with society

Organizational Commitment

Designing cross-functional and flexible structures to manage and govern shared value activities effectively

Developing or adapting business processes to facilitate shared value innovation, implementation, and scale

Establishing systems for measuring shared value to optimize performance, support decision-making, and create feedback loops

Enabling Infrastructure

Motivating and incentivizingindividuals to seek out shared value opportunities and maximize their success

Developing knowledge, competencies, and leadership,in topics that are highly relevant to shared value

Recruiting shared value talentthat possesses business acumen, passion to make a difference in society, and direct experience in solving social problems

Passionate and Capable Leaders