Submit Manuscript Now
Current issue Archive Authors Profile
Research Articles Issue 2 · 2022 · pp. 119–131 · Issue page

SHORTCOMINGS AND CHALLENGES OF CREATING SHARED VALUE IN MANAGEMENT SCIENCE: A CRITICAL REVIEW

MO
Moein KHAZAEI1
FA
Fatemeh DEKAMINI2
MO
Mohammad EHSANIFAR3
CR
Cristi SPULBAR4
RA
Ramona BIRAU5
PE
Petre Valeriu NINULESCU6
1 Department of Industrial Management, Faculty of Management, Tarbiat Modares University, Tehran, Iran
2 Department of Industrial Management, Faculty of Management, Islamic Azad University, Arak, Iran
3 Department of Industrial Engineering, Faculty of Eng ineering, Arak Branch, Islamic Azad University, Arak, Iran
4 University of Craiova, Faculty of Economics and Business Administra tion, Doctoral School of Economic Sciences, Craiova, Romania
5 C-tin Brancusi University of Targu Jiu, Faculty of Education Science, Law and Public Administration, Romania and University of Craiova, Doctoral Schoo l of Economic Sciences, Craiova, Romania
6 Faculty of Economics and Business Administration, University of Craiova, 200585 Craiova , Romania
Corresponding author: [email protected]
DOI https://doi.org/10.38173/RST.2022.24.2.9:119-131
Received 25 August 2022
Revised -
Accepted 28 October 2022
Available Online 15 November 2022
Abstract
WITH THE GROWTH AND DEVELOPMENT OF SOCIETY'S ACCESS TO TRANSPARENT INFORMATION AND THE MOVEMENT OF MONOPOLY MARKETS TOWARDS FREE COMPETITION AT THE REGIONAL AND GLOBAL LEVELS, NEW NEEDS HAVE BEEN RAISED IN BUSINESSES AND COMPANIES HAVE BECOME AWARE OF SOCIAL ISSUES. ONE OF TH E MOST RECENT CONCEPTS RAISED IN THIS FIELD IS THE CREATION OF SHARED VALUE. ACCORDING TO THE DEFINITION OF THE SHARED VALUE OF LEADERS OF LEADING COMPANIES, THEY SHOULD CONSIDER SOLVING MAJOR SOCIAL PROBLEMS IN PROFITABLE WAYS. DESPITE THE DEVELOPMENT OF THIS CONCEPT IN THE LAST 18 YEARS BY MICHAEL PORTER AND HIS COLLEAGUES IN THE FSG CONSULTING GROUP AND HARVARD BUSINESS SCHOOL, THIS FIELD HAS NOT BEEN FAVORED BY OPERATIONS MANAGEMENT RESEARCHERS. THIS RESEARCH, WHILE INTRODUCING THIS CONCEPT TOWARD MANAGEMENT SCIENCE, STATING THE GOALS AND WAYS TO ACHIEVE IT AND EXAMINING ITS DEMANDS IN THE PUBLISHED ARTICLES OF THIS FIELD, TO EXPLAIN THE REQUIREMENTS OF MOVING TOWARDS SHARED VALUE AND SCIENTIFIC NEEDS IN THE FIELD OF MANAGEMENT SCIENCE BY USING THE STUDY OF ARTICLES AND INTERVIEWS CONDUCTED WITH EXPERTS AND EXPERTS HAVE PAID. BY AND LARGE, THIS PAPER IS A CRITICAL REVIEW TO ILLUSTRATE THE CHALLENGES AND SHORTCOMINGS OF THE MENTIONED CONCEPTS THROUGH THE FIELDS OF MANAGEMENT SCIENCE AND OPERATIONS MANAGEMENT.
Keywords
CREATING SHARED VALUES OPERATIONS MANAGEMENT CRITICAL REVIEW
Full Text
The body of this article is intentionally hidden on the public page. Please use the PDF reader or the PDF download for the complete text.
References
[1]
Andrew Crane Guido, Palazzo Laura J. Spence, Dirk Matten. (2014) Contesting the Value of “Creating Shared Value”. California Management Review, Vol. 56, No. 2 (Winter 2014), pp. 130-153.
[2]
De los Reyes, G., Jr., Scholz, M., & Smith, N. C. (2017). Beyond the “Win -Win.” California Management Review, 59(2), 142–167.
[3]
DehghanNayeri, M., Khazaei, M., &Alinasab -Imani, F. (2020). The critical heuristics of iranian banking credit system: analysis of the antithetical opinions of the beneficiaries. Systemic Practice and Action Research, 33(3), 363-392.
[4]
Hwy-Chang Moon, Jimmyn Parc, So Hyun Yim and Nari Park. (2011). An Extension of Porter and Kramer's Creating Shared Val ue (CSV): Reorienting Strategies and Seeking International Cooperation. Journal of International and Area Studies Vol. 18, No. 2 pp. 49-64.
[5]
Hanks.J,Robins.N (2015). Sustainability and Shared Value. www.sharedvalue.org
[6]
Kramer M.R., Pfitzer M.W. (2016). The Ecosystem of shared value. Harvard business review, ISSN 0017-8012, Vol. 94, No 10, 2016, 89 págs .
[7]
Khazaei, M., Ramezani, M., Padash, A., &DeTombe, D. (2021a). Creating sha red value to redesigning IT -service produc ts using SYRCS; Diagnosing and tackling complex problems. Information Systems and e-Business Management, 19(3), 957-992.
[8]
Khazaei, M., Ramezani, M., Padash, A., &DeTombe, D. (2021b). The quantification role of BWM in problem structuring methods: SYRCS metho dology. In The International Workshop on Best -Worst Method (pp. 252-271). Springer, Cham.
[9]
Liel von, B. (2018). Creating Shared Value as Future Factor of Competition. Springer Fachmedien Wiesbaden.
[10]
Pftzer M.W, Bocks tette V, S tamp M. (2013). Innovating for S hared Value. Harvard Business Review. SEPTEMBER 2013 ISSUE.
[11]
Porter M.E, Kramer M.R. (2006). Strategy and society: the link between competitive advantage and corporate social responsibility. Harvard Business Review. 2006 Dec;84(12):78-92, 163 .
[12]
Porter, M. E. , Larsson, S., & Lee, T. H. (2016). Standardizing patient outcomes measurement. N Engl J Med, 374(6), 504-506.
[13]
Porter M.E., Kramer M.R. (2018) Creating Shared Value. In: Lenssen G., Smith N. (eds) Managing Sustainable Business. Springer, Dordrecht
[14]
Porter M.E., Kramer M.R. (2011) The big idea: Creating shared value. Harvard Business Review.
[15]
Pourmansouri, R., Mehdiabadi, A., Shahabi, V., Spulbar, C., Birau, R. (2022) An Investigation of the Link between Major Sharehol ders’ Beha vior and Corporate Governance Pe rformance before and after the COVID -19 Pandemic: A Case Study of the Companies Listed on the Iranian Stock Market. Journal of Risk and Financial ManagemenT, 15(5), 208, https://doi.org/10.3390/jrfm15050208.
[16]
Spitzeck, H., & Chapman, S. (2012). Creating shared value as a differentiation strategy – the example of BASF in Brazil. Corporate Governance: The International Journal of Business in Society, 12(4), 499–513.
[17]
Taghipour, A., Khazaei, M., Azar, A., Raja bzadehGhatari, A., Hajiaghaei -Keshteli, M., &Ramezani, M. (2022). Creating Shared Value and Strategic Corporate Social Responsibility through Outsourcing within Supply Chain Management. Sustainability, 14(4), 1940.
[18]
Wieland, J. (Ed.). (2017). Creating Shared Value – Concepts, Experience, Criticism. Ethical Economy. Springer International Publishing.