How to achieve shared value
February 10, 2015
Value is achieved through operational practices that improve competitiveness in the company, and the economic, social, and environmental conditions in the communities where it operates
Shared value is the evolution of social responsibility. It is achieved through operational practices that improve not only competitiveness and profits in the company, but also the economic, social, and environmental conditions in the communities where it operates.
Under this understanding, companies must recognize the social needs by the impact they have on the business's yield, in the definition of the market, and in the productive process.
According to Michael Porter, creator of the concept, there are three ways to achieve shared value:
- Redefining the products and services
- Conceiving a new manner of productivity in the value chain
- Creating niches
- Constructing support clusters for the vicinities of the companies
CAF's more recent content
The Annual CAF Conference will center on security in the Americas
Luis Almagro, Secretary General of the OAS, Rebecca BillChavez, President & CEO of the Inter-American Dialogue, and Sergio Díaz-Granados, Executive President of CAF, announced that the upcoming CAF Conference, set for September 5 in Washington DC, will specifically address security issues in Latin America and the Caribbean. Additionally, a preparatory event is scheduled during the OAS General Assembly from June 26 to 28, 2024, in Paraguay.
Latin America and the Caribbean seek a regional brand
CAF - development bank of Latin America and the Caribbean - aims to generate new opportunities for the countries of the region through greater international projection that attracts investment, cooperation and tourism, among others.