Corporate Social Responsibility

Beyond the “Win-Win”: Creating Shared Value Requires Ethical Frameworks

N. Smith, Gaston de los Reyes, Markus Scholz


Abstract
While Porter and Kramer’s Creating Shared Value (CSV) works well as a management framework to address "win-win" business and society issues, it leaves managers illequipped to legitimately manage issues where they face the prospect of "win-lose" or "lose-win" social engagements. For legitimacy, managers need to bolster CSV with ethical frameworks --- specifically, norm-taking and norm-making frameworks. Managers can be better positioned to create shared value through CSV+, a multipart framework built around CSV and augmented by ethical frameworks.

California Management Review

Published at Berkeley Haas for more than sixty years, California Management Review seeks to share knowledge that challenges convention and shows a better way of doing business.

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