In the face of complex global issues and societal needs, many companies are turning to shared value, a practice that seeks business opportunity in solving social problems. FSG interviewed leaders in various fields to gain a wider perspective on shared value practices from those who are implementing them. The result is a series of five minute interviews that provide insight on creating shared value from the corporate, non-profit, and investor perspective.
In her conversation with FSG, Carolyn Miles, CEO of Save the Children, discusses the opportunity for new types of coalitions connecting the private sector, NGOs, and philanthropic organizations to work together on issues no one sector can adequately take on by itself. From Save the Children’s perspective, shared value is about finding the intersection of issues that concern Save the Children with issues that have a real resonance with their business partners: “As a leading NGO I think we need to start with the issues we are really tackling and then we need to identify what businesses might be interested in and for what reasons.” She also highlights criteria for corporations that are considering forming a shared value partnership with an NGO, and information they need to be successful. Watch the short video and leave your comments on our blog.
For more information on shared value and the Shared Value Initiative, visit FSG’s shared value approach page or contact Justin Bakule at firstname.lastname@example.org.