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Session 420: Creating Shared Value: Hogwash or Path to Sustainable Capitalism?

  • 1.  Session 420: Creating Shared Value: Hogwash or Path to Sustainable Capitalism?

    Posted 08-11-2018 17:31
    With this note, we encourage others interested in summarizing sessions and posing interesting and provocative questions from the sessions at AOM this August. Specifically chairs, discussants, PDW organizers but attendees and interested parties as well.  We hope this encourages more engagement beyond the conference room. 

    Today's talk on shared value generated some engaging and challenging commentary on the concept. 

    Sukbhir Sandhu and Stuart Hart laid out the beginning of a framework for considering and reconsidering the notion of shared value.  They posed the question, how can we as a community build and refine this concept for increased relevance going forward? 

    Edward Freeman provocatively wondered whether the challenges with shared value may rest on a logical fallacy. Is shared value merely the presence of both social and economic impacts of a firm's actions?  Most economic activities can be considered to have social value or implications -  what we might need to shift from economic transactions to relationships. Desiree Pacheco pointed out the challenges of uncertainty and longer time horizons to the ability of firms to engage.  Are hybrid organizations such as B-corps part of the solution? 

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    Brent McKnight
    Assistant Professor
    McMaster University
    Hamilton ON
    905-525-9140 x24704
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