The current issue of the Harvard Business Review carries a compelling piece by Michael Porter (my favorite author on business strategy) on how businesses can do well by doing good. Porter and his co-author, Mark Kramer, make the case that companies that create shared value – i.e., value for the corporation as well as for the communities and customers it serves – to unlock new opportunities to innovate and grow. The authors note that capitalism has come under siege as business has been blamed for a range of social, environmental and economic issues. Much of this blame is well deserved – the result of companies off-shoring jobs and shuttering plants (and communities) in pursuit of better quarterly earnings. Porter argues that companies such as Wal-Mart, GE, IBM, etc are creating high returns from activities that create social value. According to their research: "There are three distinct ways to do this: by reconceiving products and markets, redefining productivity in the va
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