Creating Shared Value Michael E. Porter‚ Mark R. Kramer; Harvard Business Review Summary The article “Creating Shared Value“‚ written by Michael E. Porter and Mark R. Kramer and published in the “Harvard Business Review“ in January 2011 deals with the idea of innovating the purpose of a corporation and their relationship to the government and social environment in order to identify unknown customer needs and expand the total pool of economic and social value. In the introduction the authors
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What are one’s values? In the Importance of Being Earnest‚ the aristocrats have similar values as do the people today have. The aristocracy value things such as: one’s social status‚ wealth‚ and where an individual comes from. Although‚ not everyone that was part of the aristocracy shared the same values. Algernon and Cecily’s relationship were not ideal for the values of the aristocracy. In Algernon and Cecily’s relationship‚ wealth was not a topic of conversation‚ one’s background was never
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American Values There are many values of American culture; three common ones that come to mind are freedom of religion‚ education‚ and family. The freedom to choose what religion you believe in or the career you want. Also to be able to choose what college you want to attend or what major you want to select. To be able to have the freedom to choose what religion you believe in is something society doesn’t think of every day. A lot of countries don’t have that value; to choose their religion like
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list of all 10 Zappos’ corporate values. Pick two of the values and explain how you think those values would influence the way employees do their work. 1. Create Fun and A Little Weirdness. This value would want actually make the employee WANT to come to work and look forward to it as well. 2. Build Open and Honest Relationships with Communication. This would allow them to accomplish much more than they would otherwise. 2. Using the list of corporate values and Exhibit2-4‚ describe Zappos’
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New York Cosmo Value Chain Executive Summary Professional sports team have to put effort in development and the implementation of value chain strategies. In the case of most sports team the analysing your customers‚ market‚ and other trends is important because it identifies sources of cost and revenues. As the New York Cosmos become more and more involved in community outreach‚ the value chain is a helpful for us to increase revenue. The purpose of this presentation is to indentify the New York
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Shared Value MBA 6008 Global Economic Environment The purpose of the corporation must be redefined as creating shared value‚ not just benefit perse. This will take the next wave of innovation and productivity growth in the global economy. It will also reshape capitalism and its relationship to society. Perhaps most important of all‚ learning how to build shared value is our best chance to legitimize business again (Porter & Kramer‚ 2011). Creating shared value incorporate value institution
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Ethics and Values in my life There are many values that revolve around my life for a better life‚ but the 5 important ones are: 1. Integrity - Do the right thing! This is the most import value and I consider it to be the foundation of achieving a better life. 2. Courage- Face your fears accept and take on new challenges. The moral and mental strength that allows for the acceptance of new challenges without regards to the fear that may lie beneath. 3. Contentment - The pursuit of contentment
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between youth and moral Values . If youths adopt all moral values and operate their life according to this ‚ then they will become more responsible for performing their duty . After this nobody can misuse youths. Today ‚ youths are not responsible because they do not know their moral values . They abuse their parents . They scold their elders . Even ‚ they do not feel shame to insult others by commenting bad . Why are spreading these things . Answer is clear . Lack of moral value and its education to
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H&M’s value chain: The value chain‚ made by Michael Porter‚ is really important to see how a company structure is created. The value chain is constituted by two parts: support activities (firm infrastructure‚ human resource management‚ technology development‚ procurement) and primary activities (inbound logistic‚ operations‚ outbound logistic‚ marketing and sales‚ service). (Johnson et al. 2011‚ p.97-99) Support activities: * Firm infrastructure: H&M is present in 44 markets in the
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a. Where in the value chain is the organisation creating value for their customers? Primary: Value chain activity Yes/No How does The Body Shop create value for the customer? Inbound Logistics No Not imperative to creating value to the customer. Operations Yes Operations and technological development are covered in the The Body Shops stance on animal testing (one of their values). Testing comes under operations and technological development as they have had to think of innovative ways to test
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