Implementation and measurement of shared value creation strategies: Proposal of a conceptual model

Lizama, Jonathan Cuevas; Vela, Marcelo Royo

doi:10.1002/bsd2.265

Cited by 5 publications

(4 citation statements)

References 74 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Legislation for responsible business practice and diligence can help organizations [44]. According to Cuevas Lizama and Royo-Vela [45], social consequences, organizational culture, and personal beliefs are taken into account when firm managers look at internal determinants where networking and innovation are viewed as moderating factors.…”

Section: Using Creating Shared Valuementioning

confidence: 99%

See 1 more Smart Citation

Creating Shared Value in Banking by Offering Entrepreneurship Education to Female Entrepreneurs

Taskin,

Javed,

Kohda

2023

Sustainability

View full text Add to dashboard Cite

Apart from less entrepreneur-friendly banking services, a lack of entrepreneurial qualities in entrepreneurs makes entrepreneurship challenging. As a result, banking experiences difficulties in accessing entrepreneurs as customers. Creating shared value (CSV) is a model for business that overcomes these socioeconomic challenges by converting social issues into three pillars: reconceiving markets and products, redefining value chains, and developing local clusters. Banking has a conservative business model in which it is difficult to simultaneously achieve the above three pillars of CSV for the three dimensions of banking, i.e., client prosperity, regional economic growth, and solutions to financial problems. This study investigated the key to the simultaneous achievement of the three pillars of CSV by aligning social issues with the value chain. We conducted a qualitative case study of City Alo in Bangladesh, a female-centered banking segment of City Bank, that offers a university-collaborated entrepreneurship education course as well as small and medium enterprise banking products to female entrepreneurs. The findings indicate that in CSV of banking, entrepreneurs are the source of economic growth and entrepreneurship education promotes client prosperity. Therefore, entrepreneurs overcome entrepreneurship barriers to achieve success in their field and the bank becomes more active by accessing many entrepreneurs as customers.

show abstract

Section: Using Creating Shared Valuementioning

confidence: 99%

“…Thus, a suitable way to reduce the conflict between society and business and gain trust for a greater sustainable outcome is necessary. [42,45]. Sometimes, a business damages their image and society's trust, so it is better to try to gain trust by concentrating on the value of society and business [35,38].…”

Section: Theoretical Implicationsmentioning

confidence: 99%

Creating Shared Value in Banking by Offering Entrepreneurship Education to Female Entrepreneurs

Taskin,

Javed,

Kohda

2023

Sustainability

View full text Add to dashboard Cite

show abstract

“…Shared value creation has become critical and goes beyond simply generating profits. Shared value creation entails aligning business goals with societal needs and environmental sustainability to create mutual benefits for the company and its stakeholders (Chen et al, 2020;Cuevas Lizama & Royo-Vela, 2023). This approach suggests that businesses should aim to achieve economic success while contributing to social goals, creating a mutually beneficial relationship between companies and society impacts (Motilewa et al, 2016).…”

Section: Introductionmentioning

confidence: 99%

Linking stakeholders need and sustainable business performance: Unleashing the power of shared value creation for competitive advantage—Study on selected banks in Ethiopia

Waktola,

Singh,

Singh

2024

Bus Strat Dev

View full text Add to dashboard Cite

Integrating social and environmental considerations into business strategies has become imperative for companies seeking competitive advantage in today's dynamic and complex business environment. This study explored the effect of Shared Value Creation Practices on Competitive Advantage within banks. The study focused on how banks can achieve competitive advantage by creating shared value that addresses business goals and social needs. Data were collected from 463 customers of selected commercial banks in Ethiopia. The self‐administrative questionnaire was given to the customers selected by convenience sampling method. The study used the Structural Equation Model to test relationship between variables. The Study findings reveal that Shared Value Creation Practices significantly enhance banks' competitive advantage. The study suggests that banks can strategically leverage Shared Value Creation practices to gain a sustained advantage in a competitive market. Banks should continuously innovate and adapt strategies to address evolving stakeholders' needs. The banks should consider shared value creation integral to their strategic planning.

show abstract

“…Furthermore, there are still gaps in the publications on successful practices that deal with the association between CSI and CSV (Lind et al, 2022; Tabares, 2020). How companies that seek to innovate socially rethink their business models while developing new strategies needs to be clarified (Herrera, 2015; Khurshid & Snell, 2022; Lizama & Royo‐Vela, 2023; Mirvis & Googins, 2017).…”

Section: Introductionmentioning

confidence: 99%

Rethinking the company's role: Creating shared value from corporate social innovation

Bitencourt,

Zanandrea,

Froehlich

et al. 2024

Corp Soc Responsibility Env

View full text Add to dashboard Cite

This article aims to analyze how corporate social innovation contributes to the creation of shared value. The research presents a unique case study of a company in southern Brazil that is recognized for its strategic repositioning, based on a redefinition of its purpose and the inclusion of social and environmental values in its business model. We questioned how a for‐profit organization could create shared value based not only on economic considerations but also on social values? To this end, and based on Den Ouden's (2012) framework, we use multiple‐level analysis, considering the value created for users, organizations, society, and the ecosystem. To collect the data, we use in‐depth semi‐structured interviews and documentary research, followed by qualitative content analysis aided by Nvivo. We highlight the fact that for a company to create value considering diverse stakeholders at multiple levels of analysis, it must develop a capacity for collaboration, especially the ability to communicate and learn collectively. As a practical contribution, the results indicate that in creating shared value from corporate social innovation, it is important for organizational changes to be systemic, and for the development of solutions to focus on needs that emerge from the community. The study signals the importance of the community, especially the user, in developing solutions that focus on social challenges and encourage for‐profit organizations to rethink their role in society.

show abstract

Implementation and measurement of shared value creation strategies: Proposal of a conceptual model

Cited by 5 publications

References 74 publications

Creating Shared Value in Banking by Offering Entrepreneurship Education to Female Entrepreneurs

Creating Shared Value in Banking by Offering Entrepreneurship Education to Female Entrepreneurs

Linking stakeholders need and sustainable business performance: Unleashing the power of shared value creation for competitive advantage—Study on selected banks in Ethiopia

Rethinking the company's role: Creating shared value from corporate social innovation

Contact Info

Product

Resources

About