All posts by rihanwarraich

Creating Shared Value


“In recent years business increasingly has been viewed as a major cause of social,
environmental, and economic problems. Companies are widely perceived to be prospering at the expense of the broader community.”

Michael Porter (professor at Harvard University) has come up with this ‘Shared value’ concept. It’s about creating more value, by invloving the consumers more, by not only looking at pure economical value-creation, but also Social value creation.

“….companies remain stuck in a “social responsibility” mind-set in which societal issues are at the periphery, not the core.”

As corporate social responsibility is seen as a  ‘cost post’ to profit maximalization, and it is only limited to the CSR budget, Shared Value is about mobilizing the entire budget of the corportation.

It could be described as a new way of doing business, which i think would be an improvement in the efficiency of the contemporary economic system.

“Capitalism is an unparalleled vehicle for meeting human needs, improving efficiency, creating jobs, and building wealth. But a narrow conception of capitalism has prevented business from harnessing its full potential to meet society’s broader challenges..”

It is further explained in the article. Pleas read (not long)

“The big Idea: creating shared value” – Michael Porter and Mark Kramer

http://www.professoralanross.com/wp-content/uploads/2011/03/The-Big-Idea_-Creating-Shared-Value-Harvard-Business-Review.pdf

Here you can see professor Porter explaining himself  the problem pretty enthusiasticly, and the solution!

Rihan Warraich

Top 10 business models 2010


He guys,

I came across this presentation about the top 10 business models of 2010.

Some of them are quite known by now, like Groupon, Spotify.com, Flattr.com, while others are less known, like PatientsLikeMe.com and paywithatweet.com.

Complete list:

Patientslikeme.com, Flattr.com, Groupon.com, Spotify.com, PayWithaTweet.com, HumbleBundle.com, Quirky.com, Airbnb.com, Clickworker.com, Kickstarter.com.

Interesting to see is that quite lot of them actively involve the consumer. For instance at PatientsLikeMe.com people can give feedback about their expierence, and other people can learn about that through the forum, simple as that. Only thing provided by patientslikeme.com is the forum and the network.

Quirky.com offers a co-creation platform, where it pays out all the influencers.

The presentation gives an example for all the business models, and describes the rationale behind the model (how it makes money in the end).

Can you think of the most innovative business models of 2011?

Rihan