Shared Value is a strategic plan that is developed and implemented by Management, whereby organizations identify opportunities through social problems.
Philanthropy and Corporate Social Responsibility aims at “giving back” or minimizing the harm business has on society. Shared Value on the other hand, aligns the focus of key stakeholders in the business on maximizing the competitive value of solving social problems in new customers and markets, cost savings, talent retention, and more.
Organizations are spending more time focusing their attention on developing and re-developing business models around social good, setting them apart from their competitors and driving their success.
By partnering with Government, NGOs, and other stakeholders in the industry, businesses now have the power of scale to significantly contribute to the eradication of social problems and provide a sustainable and long-lasting effect on the community.
With constant changes in the market and increased competition, organizations need to be vigilant and proactive. Emphasis is being placed on the “Visible Supply Chain”, with particular focus on what is termed as “Ethical Trade”, which encompasses industry compliance, best practice, staff development, corporate governance and Occupational Health and Safety.
It is here where the Niya Consulting team works hand-in-hand with our client’s Corporate Social Investment Divisions to develop and implement a Shared Value Model that drives the organization’s vision, mission and long-term goals.