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Michael Porter sees huge opportunities for corporations to use capitalism as a driver to tackle social problems via the creation of shared value. Adopting environmentally sustainable policies has been shown to be good for busi- nesses, e.g. through the lower production costs associated with reduced raw material and energy usage.
Porter believes the same efficiencies and benefits can be achieved by corpo- rations looking at their products, supply chain and stakeholder eco-systems through the prism of social issues, and thereby harnessing the effectiveness of capitalism to create a win-win situation.
Speaker
Michael Porter, American academic known for his theories on economics, business strategy, and social causes.
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