SHARED VALUE IN EDUCATION- A CRITICAL REVIEW

Mohammed Abubakari Sadick, Wenyuan Li, Sulemana Iddrisu

Abstract


Social and Economic Values are at the heart of Porter and Kramer shared value concept. Since its inception, there has been a prolong debate among management scholars regarding the operationalization of the concept in the same business unit without creating tension while achieving the goal of the concept. The notion behind the concept contends that social challenges present an opportunity for companies to leverage their economic fortunes. The concept has been used widely by a number of companies that run social impact sustainability business in different areas, however, it application in education industry is very scant. Through unsystematic review of literature, we found a strong relationship between social and economic value in shared value creation, we also offer idea on how the concept can be applied in education industries to companies that run social impact sustainability businesses. The review also revealed that the concept focuses mainly on win-win principle but fails to consider win –lose.

Keywords: Creation of Shared value, Social value, Economic Value, Social Impact, Sustainability, Education Industry, and Society.

 


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