Porter & Kramer (2011)

Question 1

Define Porter & Kramer’s “Shared Value”

Answer 1

Policies and activities that enhance competitiveness of comany while advancing economic and social conditions in community.

Question 2

Define Porter & Kramer’s “externalities”

Answer 2

Costs for business that society has to carry, e.g. pollution

Question 3

Give an example of a corporate or invention who has or creates shared value.

Answer 3

Micro loans
Vodafone
Wal-Mart

Question 4

What are the three different ways of creating shared value?

Answer 4

1. Reconceiving products and markets,
2. Redefining productivity in the value chain
3. Enabling local clusters

Question 5

Name some differences between CSR and CSV.

Answer 5

(See table in article) CSR is about using a business’s resources to respond to social and environmental problems in the world, whereas CSV is about incorporating that positive social and environmental impact into the company’s business model in a way which generates economic value.