![]() Date: 2024-08-16 Page is: DBtxt003.php txt00002702 | |||||||||
Ideas ... Shared Value | |||||||||
COMMENTARY My view is that it is 'economic activity' that produces wealth, but not all economic activity produces money wealth. My view is that not all wealth is money wealth. Most of the important things in life are not money per se, though money does make it possible to trade to get things that are important and a component of wealth. I believe that Professor Porter has moved the 'business' conversation a little bit towards something that is more sensible for the future of society and the economy, but this remains a 'business school' perspective and really misses the nig point that market opportunities which result in profit are never going to address the big societal needs have value but cannot make much money profit.
Professor Porter almost gets it right, but his metrics are still organization centric without any perspective that comes at economic activity from the community perspective. He is almost there ... but in fact remains in the organization mindset.
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Prof. Michael Porter Shared Value Summit
Professor Michael E. Porter's keynote from the 2012 Shared Value Leadership Summit on May 31. Learn more at www.fsg.org.
The Harvard Business Review article referred to in the article can be found here:
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