Intersecting the boundaries of public and private economic activity, public-private ties carry important organizational strategy, management, and policy implications. We identify the value creation and capture mechanisms embedded in these ties through a theoretical framework of two conceptual public-private structural alternatives, each associated with different value-creating capacities, rationales, and outcomes. Two important restraints on private value capture--public partner opportunism and external stakeholder activism--arise asymmetrically under each form, carrying a critical effect on partnership outcomes.

Creating and Capturing Value in Public-Private Ties: A Private Actor's Perspective

Earth's life support system is facing megaproblems of sustainability. One important way of how these problems can be addressed is through innovation. This paper argues that responsible innovation that contributes to sustainable development consists of three dimensions: (1) innovations avoid harming people and the planet, (2) innovations ‘do good' by offering new products, services or technologies that foster sustainable development, and (3) global governance schemes are in place that facilitate innovations that avoid harm and ‘do good'. The paper discusses global governance schemes based on deliberation as a means to foster such responsible innovation. These schemes can provide voluntary soft-law regulations that complement and extend national and international hard-law regulations and facilitate collective innovation that contributes to sustainable development goals. The article addresses the facilitative role of governments and international organizations in overcoming problems of deliberation and offers illustrative examples of such governance schemes.

Responsible Innovation and the Innovation of Responsibility: Governing Sustainable Development in a Globalized World

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금융포용(financial inclusion)과 중앙은행

Social and economic value creation by Bendigo Bank and Stockland Property Group: Application of Shared Value Business Model

Im Creating Shared Value Framework (CSV) werden Massnahmen vorgeschlagen, mittels derer Unternehmen gleichzeitig gesellschaftliche und oekologische Themen adressieren und Profite generieren koennen. Doch das CSV-Framework enthaelt kein Konzept zum Umgang mit konfligierenden ethischen Standards in einer weitgehend globalisierten Wirtschaft. Wenn CSV als ganzheitliches Framework verstanden werden soll, muss es durch ein Norm-Taking und ein Norm-Making Modul ergaenzt werden. (The Creating Shared Value Framework (CSV) enables companies to address social and ecological issues and at the same time to generate profits. But the CSV Framework contains no concept for dealing with conflicting ethical standards in a globalized economy. If CSV is to be understood as a holistic framework, it must be supplemented by a norm-taking and a norm-making module.)

Creating Shared Value Grenzen und Vorschlaege für eine Weiterentwicklung (Creating Shared Value Limits and Suggestions for Further Development)

The review of the literature on shared value has denoted that this concept been approached as both generic and theoretical/conceptual framework for the simultaneous creation of social and economic value. Based upon the dominant trends in shared value literature, the proposed study has attempted to provide two broad strategic directions (i.e., stakeholder engagement, social innovation) regarding further research around shared value creation. The significance of the study has been demonstrated in the fact that these two new directions on stakeholders and society would expand the three-level framework of shared value toward a multi-level holistic framework for co-creation of value.

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Asoke Rocky Mehera

Papers

Shared value literature review: implications for future research from stakeholder and social perspective