In the past year, leading business minds including Michael Porter and McKinsey & Co. have been extolling the virtues of multi-stakeholder value. A new report from Dalberg Global Development Advisors seems to throw us back in time.
According to the report, “the real social value comes overwhelmingly from what companies do through their core business, the skills and supply chains built up around them, and then the revenue that comes into government as a result of their profitability.”
The report goes on to suggest that “soft” concerns like CSR and “triple-bottom line” are diversions from value creation and should be dismissed unless they can be shown to “redound to the bottom line”.
Read the entire article at PRSAY.