In this video, Professor Michael E. Porter, co-founder of FSG and co-author of Creating Shared Value, discusses the potential for shared value, a management principle that seeks opportunity for business in solving social problems.
At FSG’s 2012 Shared Value Leadership Summit, Professor Michael E. Porter, co-founder of FSG and co-author of Creating Shared Value, spoke on the power of shared value to solve social problems and revitalize capitalism. While businesses traditionally focus solely on creating shareholder value at the cost of society, shared value allows for businesses to make a profit and address societal issues simultaneously. This video provides key highlights from Porter’s full-length speech, answering the question, “What is shared value and how is it put into practice?”
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KEYWORDS: People, Social Action & Community Engagement, Michael Porter, Shared Value, Capitalism, philanthropy, csr
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