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What Prompted the Idea of "Shared Value" as Developed by Harvard

question 66

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What prompted the idea of "shared value" as developed by Harvard Business School professors Michael E. Porter and Mark R. Kramer?


Definitions:

Customer

An individual or organization that purchases goods or services from a business.

Product Recalls

The process of retrieving defective or unsafe goods from consumers and providing those affected with a refund, replacement, or repair.

Company Layoffs

The process by which a company reduces its workforce for reasons such as cost-cutting, restructuring, or downturns in business.

Legal Liabilities

Obligations under law arising from civil actions or torts, not fulfilling contracts, or statutory violations.

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