Creating Social Value – HBS Study

scales.jpgResearchers describe social and economic value creation as two sides of the same coin. Companies can improve operations through employee motivation, loyalty, skill development, and even through product differentiation when social values are adopted and aligned with economic values.
A recent study (HBS link) shows non-profits are founded to solve a specific social problem whereas companies respond with social initiatives because of a problem. Companies are good with planning and can bring resources together, but have difficulties integrating new practices into the mainstream.
The study is particularly relevant because organizations studied were in Latin America and Spain, where human development is just as important as economic development. Bottom line: Companies and non-profits have much to learn from each other.
(This article was contributed by Ken Chung – thanks Ken!)

Nick Aster is a new media architect and the founder of TriplePundit.com

TriplePundit.com has since grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.

Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He was instrumental in the creation of TreeHugger.com, managing the technical side of the publication for 3 years as well as an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.

Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.