Question

Article: Creating Shared Value ( Porter, Kramer) Please help. Thank you!

1) Read over the article/case and summarize what it is referring to in your own words.

2) What type of leadership traits can you describe in the case study? Use materials both from the handout and from our class.

3) Where do you feel the topic could be use in real life. How does this topic apply to your learning and what can you do to better engage with it in the future?

4) What 3 things do you agree with the article in your own opinion and 3 things you disagree?

5) In the topic which you choose, what can you do (if you were given management role) to make it better and how would you execute on it?

6) Which company do you feel is most likely to use this article (public/private) and why do you think this article can do to better improve their corporate leadership?

Answer 1

The 'Creating Shared Value' concept by Porter and Kramer integrates corporate success with improving social welfare through innovation, collaboration, and social responsibility, fitting for businesses aiming for sustainable and socially impactful practices.

Step-by-step explanation:

1) Summary:

The 'Creating Shared Value' concept by Porter and Kramer emphasizes aligning corporate success with social welfare, advocating for businesses to generate economic value in ways that also contribute to societal well-being through innovation, collaboration, and social responsibility.

2) Leadership Traits:

Leadership traits identified in the case study include innovation, collaboration, and social responsibility. The leaders in this framework are expected to be forward-thinking, open to partnerships, and committed to addressing social issues.

3) Real-Life Application:

The concept is applicable in various real-life scenarios, such as public health, economic development, and education. In practice, it encourages businesses to redefine their purpose, fostering a positive impact on both economic and societal aspects. The application to learning involves understanding the role of businesses in societal development and engaging with the concept for more sustainable and responsible decision-making in the future.

4) Agreements and Disagreements:

Agreements:

a. Promotes sustainable business practices.

b. Encourages corporate accountability.

c. Seeks to bridge the gap between corporate gains and social progress.

Disagreements:

a. Perceived implementation complexity.

b. Over-reliance on businesses to address social issues.

c. Potential for greenwashing.

5) Improvement in Management Role:

If in a management role, focus on:

a. Creating partnerships with local communities.

b. Investing in long-term innovations addressing social issues.

c. Measuring success through social impact metrics alongside profits.

6) Likely Company to Use the Article:

A social enterprise or a forward-thinking corporation, whether public or private, especially in industries with significant social and environmental footprints, is likely to utilize this article to enhance their corporate leadership and societal impact.