Explore the Concept of "Shared Value" That Was Developed by Harvard

question 29

Essay

Explore the concept of "shared value" that was developed by Harvard Business School professors Michael E. Porter and Mark R. Kramer.

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Definitions:

Surplus Extraction

The process or strategy of obtaining excess resources, typically beyond the equilibrium or expected level, from a market or economy.

Buyer's Valuations

The perceived value or worth that a buyer assigns to a product or service, determining how much they are willing to pay.

Number of Customers

The total count of individuals or entities that purchase goods or services from a business within a specific timeframe.

Lockout

A tactic used by employers to shut employees out of the workplace to pressure them during labor disputes, often in response to strikes or bargaining issues.