1. The shared values
economy is here.
How CSR professionals can employ a
purpose-driven framework to drive
success in their companies & their
communities.
2. Shared Value:
Value created through partnerships for the
benefit of both parties—typically a company
and a nonprofit—that helps one another
achieve their respective goals.
A brief look at terminology
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Ethics, beliefs, convictions, support for social or
environmental causes, and other opinions shared
by customers, employees, and stakeholders of a
given company or nonprofit.
Shared Values:
3. Evolution of Purpose in Business
Corporate
Philanthropy
Workplace Giving
Creating Shared Value
3
Cause Marketing
Corporate Social
Responsibility
1960s
2010s
5. Creating Shared Value
Corporate
Philanthropy
Workplace Giving
1960s
2010s
These are now just
prerequisites for
existing today
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Evolution of Purpose in Business
We are here
Corporate Social
Responsibility
Cause Marketing
9. Experts say this is the
“There’s a fundamental opportunity for business
to address and impact social problems, and this
opportunity is the largest opportunity we see in
business today.”
business model of the future.
Michael Porter
Author of 18 books
Harvard Professor
Economic Theorist
Business Strategy Leader
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11. 50% of millenials:
Source: Deloitte 2016
Welcome to the new reality.
In the shared values economy, this is the cost of entry.
Here’s why…
Have turned down a
job offer on the basis
of an organization’s
expressed values
Have declined to
undertake a work
task that’s been
assigned to them if
it’s at odds with their
personal values
Have ruled out ever
working for a
particular employer
because of its
convictions and
positions (or lack
thereof) on social
issues
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12. And the effects of this reality are now prevalent across
many different demographic & psychographic segments.
Number of consumers
who are just as likely
to purchase as they
are to boycott.
Number of consumers
who are likely to switch
brands to one associated
with a good cause.
Consumers who would buy from
unknown brand if it had stronger
social or environmental
commitments
Percent of people
who would pay
more money for a
responsible product.
Percent who would
take a pay cut to work
at a responsible
company.
Would purchase product of
lesser quality if company
showed greater commitment
to social issues
Source: Cone Communications 2015
89% 9in10 4in5
71% 57% 61%
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13. 13
This represents a monumental
shift in society that we all know
cannot be ignored.
The question now is: how do
businesses actually go about
creating shared value?
14. To create shared value, companies must seek to
operate from within the shared values of their
communities.
Employee Values Customer Values
Stakeholder Values
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16. The Shared Values Methodology
3. Measure Impact
1. Identify Shared Values
2. Operationalize
Strategy
In Practice
Plan strategy, approve
budget, set benchmarks
Execute programs,
initiatives, campaigns,
partnerships
Learn, iterate, adjust
course, realign with
shared values, plan
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17. The Shared Values Methodology
Step 1
Identify Shared Values
Purpose-oriented professionals must
develop a deep, comprehensive,
holistic understanding of the
convictions shared by their 3 primary
communities: employees, customers,
and stakeholders. Successful
strategy operates from the “common
convictions” intersection of those
three core groups.
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18. The Shared Values Methodology
Step 2
Operationalize Strategy
Once a thorough understanding of the
three core communities’ shared values
is established, the purpose-oriented
team is now tasked with identifying
opportunities in the market that can
fulfill their organization’s objectives as
well as their commitments to their
communities.
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19. The Shared Values Methodology
Step 3
Measure Impact
As strategy is executed, the team
must now seek to understand how
those various programs,
partnerships, initiatives, and
campaigns are both a) hitting their
benchmarked social impact goals, as
well as b) driving various key
performance indicators within the
organization, namely sales & revenue,
employee retention & engagement,
and customer loyalty & satisfaction.
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20. To make the greatest
impact on both social
and business progress,
leaders must become
shared values oriented
or risk missing the mark.
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21. The Shared Values Methodology
provides a blueprint for success
in a shared values economy.
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22. Learn more at http://two42solutions.com
or contact Mo at mhamid@two42solutions.com
The shared values economy is here.