Shared Value Initiative India
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Transcript of Shared Value Initiative India
sharedvalueinitiative.org sharedvalue.org
Shared Value Initiative India - Partner Day
November 2015
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A Shared Value Story from Cote d’Ivoire
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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
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Shared Value as a Global MovementInitiative Partners
Associates and Research Associates
Partners
Leadership Council Global Amplifiers
INGO Working Group
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Which institutions are (1) most responsible for and (2) most capable of addressing social problems at scale?
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Government NGOs
Individuals Communities
Philanthropy
PrivateSector
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Shared value brings the scale and power of capitalism to social issues
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Private Sector
Governments
Nonprofits
Foundations
< U.S. Size of Sectors in 2012 >
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Why is shared value a relevant concept now? Unparalleled social challenges can be opportunities
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Urbanization
Aging Society Climate Change
Food Security
Water Scarcity
Labor Shortages Population Growth
Rural Poverty
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Corporate thinking about social issueshas evolved over the past decade
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- 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
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Shared value is created when both social and business issues are addressed, connecting a company’s success with social progress
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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
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Companies are creating shared value in three ways
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Building Clusters and Framework Conditions
Redefining Productivityin the Value Chain
Reconceiving Productsand Services
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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
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Most companies take a portfolio approach with shared value as one component of their portfolio
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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
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Adopting Shared Value at the Enterprise Level
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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