By: Mark Kramer | Founder and Managing Director at FSG | March 8th, 2016

The following is an excerpt from How Big Business Created the Politics of Anger, published today on the Harvard Business Review blog network. (Photo Credit: Matthew Wiebe / Unsplash)

“Companies are not squarely to blame for the anger and frustration that have so warped this presidential primary season. Nor are they entirely innocent. The growing economic inequality that polarizes U.S. politics is not merely the inevitable result of our free-market system; it is also a consequence of the choices our business leaders make. And those choices have contributed to the anti-business attitude that both parties have embraced.”

“Visionary CEOs understand the strategic link between social benefits and shareholder returns… More recently, the 100,000 Opportunities Initiative, led by Starbucks, the Aspen Institute, and FSG, a nonprofit strategy consulting firm that Professor Porter and I founded, has brought together three dozen leading U.S. companies to create employment opportunities for disadvantaged youth. These companies are committed to going beyond their usual hiring practices in order to fill the jobs they need by identifying new sources of talent in communities that have been left out of the national recovery. The initiative’s first three events have already resulted in 2,350 job offers.

None of this is charity. Creating shared value is a corporate strategy that delivers social benefits in order to increase profits and gain competitive advantage. Its adherents see opportunities in the synergy between corporate and societal interests that their more narrow-minded competitors miss.”

Read the full-length post on HBR.org

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