Date: 2024-08-16 Page is: DBtxt003.php txt00004376
Initiatives
Shared Value
Prof. Michael Porter speaking at the 2012 Shared Value Summit
Burgess COMMENTARY
The problem with Professor Porter is that he starts of with the premise that the only way to create wealth is for business to make profit. Only profit makes wealth. This is the Porter magic.
This is a comment I made on the YouTube site
Peter Burgess
Adam Smith was a great analyst of the economy of his time ... but his famous book was published in 1776 and a lot has changed since then. Sadly, a lot of modern thinking has not. Professor Porter argues that the only way that wealth is created is for business to make profit. I argue that all wealth comes from people using resources to create value ... and this may or may not be within a business organization. Shared Value is a worrying development ... probably not good news!
Peter Burgess
Prof. Michael Porter Shared Value Summit
Professor Michael E. Porter's keynote from the 2012 Shared Value Leadership Summit on May 31, 2012
Learn more at www.fsg.org.