Which of the following statements sums up Michael Porter's view on the importance of creating shared value?
A)Creating shared value involve creating economic value in a way that also creates value for society by addressing its needs and challenges.
B)A free market system that takes the pursuit of self-interest and profits as its guiding light may fail public interest completely.
C) Shareholders are more important that stakeholders.
D) The thorny issue is whether all stakeholders other than shareholders have an equal right to bargain for a "fair deal."

Question

Which of the following statements sums up Michael Porter's view on the importance of creating shared value?
A)​Creating shared value involve creating economic value in a way that also creates value for society by addressing its needs and challenges.
B)​A free market system that takes the pursuit of self-interest and profits as its guiding light may fail public interest completely.
C) ​Shareholders are more important that stakeholders.
D) ​The thorny issue is whether all stakeholders other than shareholders have an equal right to bargain for a "fair deal."

Quizplus · Accepted Answer

Michael Porter believes that creating shared value involves creating economic value in a way that also creates value for society by addressing its needs and challenges. This is in contrast to the belief that a free market system guided solely by the pursuit of self-interest and profits may fail the public interest. Porter's view is that all stakeholders, not just shareholders, have a right to a "fair deal," and that creating shared value is the best way to achieve this.

Which of the Following Statements Sums Up Michael Porter's View