University Creating 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
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Introduction The main purpose of the paper is to give us an idea on shared understanding in software engineering and why it is essential for efficient software engineering. It is greatly needed to ensure the outcome of a software development project is a success and is with very less bugs to no bugs when it goes live. We will also look at its significance in software development and its contribution towards shared understanding. This report will also provide you with the implications that are involved
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the business to lower-cost regions. However‚ are they really helpful to maintain the competitive advantages and gain the sustainable profit? Michael Porter and Mark Kramer‚ in their January/ February 2011 Harvard Business Review article - Creating Shared Value (CSV) explains what a growing companies have come to recognize - companies can derive a great deal of economic value by addressing social needs. This new approach is used to replace the traditional description of corporate social responsibility
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Summary of ‘Creating shared value’ by M. Porter and M. Kramer The problem nowadays is that most businesses don’t have the right purpose ‘in mind’. They have a narrow-minded view in making profit and thus optimizing short-time financial performance. This old capitalistic view leads to a vicious circle. More specifically‚ the corporation doesn’t keep its environment and the broader community in mind while making profit and so they are perceived as (partly) responsible for society’ failures. This
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IN THE CONTEXT OF THE PRESENT POLITICAL AND SOCIAL CLIMATE‚ CRITICALLY EXAMINE HOW HEALTH CARE ORGANISATIONS CAN ACCOUNT TO THE PUBLIC FOR THE QUALITY OF CARE DELIVERED INTRODUCTION The concept of Clinical Governance was dated back when the Labour government came into office in the1990s. The Labour government introduced a National Health Service White Paper to support the National Health Service (NHS) programme. In addition‚ an internal market was also introduced to improve the quality of care
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Running head: SHARED DECISION-MAKING AND COMMUNICATION Sharon Carter North Central University Assignment 10: Shared Decision-Making and Communication The use of technology has significantly improved the communication options within our society. The use of electronic mail and social networking sites are widely used to communicate personal and business related information within organizations to help fulfill their personal goals‚ missions and visions.
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Critically analyse how clinical governance can ensure accountability of individuals and teams and that nursing practice is safe and of a high standard? As Defined by Scally and Donaldson 1998‚ clinical governance is: “A framework through which NHS organisations are accountable for continuously improving the quality of their services and safeguarding high standards of care by creating an environment in which excellence in clinical care will flourish” (NHS Executive‚ 1998). The aim of the NHS
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The article “IT Governance and Its Mechanisms” basically explains IT governance and the relationship of IT Governance with enterprise governance. IT governance basically refers to organisational and leadership structures‚ relationship and process mechanisms and how these aspects are used to ensure the organisation IT strategy supports and maintains the underlying business strategy of the organisation. To better understand IT governance the governance framework can be used. This framework contains
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Creating Shared Value In the article creating shared value the authors‚ M. Kramer and M. Porter discuss the current state of business value creation; and the efforts that need to be taken to create shared values. Currently businesses primarily concern themselves with profits and view value creation in such a way that they do not fully take advantage of their full potential. Additionally‚ the government has implemented policies that have only exasperated the drive from shared value creation. “Shared values
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value and driving innovation. With this short term view‚ the firms’ profits indeed to come at society’s expense which leads to a backlash. “The solution lies in the principle of shared value‚ which involves creating economic value in a way that also creates value for society by addressing its needs and challenges” “Shared value is not social responsibility‚
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