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6 Impacts of Shared Value on Partnerships and Other Stakeholders
Pages 73-84

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From page 73...
... This chapter summarizes the remarks provided by Beth Bafford from Calvert Foundation, Aron Betru from Financing for Development, John Sargent from Broadreach ­ Healthcare, Marjorie Paloma from the Robert Wood Johnson Foundation, Abbey Davidson Maffei from CARE USA, and Wendy Taylor from the U.S. Agency for International Development (USAID)
From page 74...
... •  fundamental difference with shared value versus philanthropic partnerships A is the co-design among partners of shared value initiatives to identify collective interests and how to address problems together. (Davidson Maffei, Taylor)
From page 75...
... , a nonprofit organization, described how the organization is focusing on designing, structuring, and implementing innovative financing ways of creating shared value in the development ecosystem. Betru suggested that what is most needed to drive shared value initiatives forward is leadership and vision to ensure that there is mutual benefit for both the private investors and beneficiaries.
From page 76...
... Davidson Maffei noted that CARE has developed effective partnerships based on this model with companies in food and agriculture, apparel, and financial services, and summarized some lessons learnt from those partnerships. Davidson Maffei suggested that shared value efforts, at least from CARE's perspective, are fundamentally change initiatives.
From page 77...
... Davidson Maffei offered an example from a partnership with PepsiCo in West Bengal to integrate gender and nutrition into their potato supply chain. This partnership is addressing a couple of key issues: 90 percent of the women in the potato value chain are anemic, women are making crucial contributions to the potato chain that are not necessarily recognized, and women are not necessarily receiving the training and resources to become more productive to generate better livelihoods for them and for their families and to improve efficiencies in PepsiCo's chain.
From page 78...
... Davidson Maffei suggested that documenting and sharing experiences are needed to develop best practices moving forward. BROADREACH HEALTHCARE John Sargent, BroadReach Healthcare Sharing his personal experience of his journey as a social entrepreneur, John Sargent, Co-Founder of BroadReach Healthcare, described how his organization evolved, illuminating three points about shared value from his perspective: information is a critical catalyst to shared value, entrepreneurs and social entrepreneurs will be a major driver of innovation, and the shared value revolution has not yet happened.
From page 79...
... Sargent believes there is a massive opportunity for private-sector companies to be more deliberate and thoughtful about partnering with entrepreneurs as a way to create new business models, whether it is through strategic investment, joint ventures, or providing human capital. Critical Mass for Shared Value Sargent suggested that one of the biggest challenges in creating a critical mass for shared value is perceptions and attitudes.
From page 80...
... ROBERT WOOD JOHNSON FOUNDATION Marjorie Paloma, RWJF Marjorie Paloma, Director and Senior Program Officer at the Robert Wood Johnson Foundation (RWJF) , described the foundation's focus on building a culture of health and why business is a critical partner in this initiative, and several ways in which the foundation has shifted its mindset to engage with business through a shared value framework.
From page 81...
... Taylor clarified that USAID, as well as several other development agencies, are well aware of the shift toward shared value within the private sector, that adapting to this shift requires a mindset change in how development agencies approach partnerships, and have already implemented changes in this direction. A recent review of USAID's partnerships over the past decade found that a significant number of them focused on shared value and, of those partnerships that were based on shared value, a number of them still aligned with strategic corporate
From page 82...
... The alliance includes 45 private-sector companies that have committed to making $3 billion of investments in African agriculture if policy changes and the enabling environment in country are improved to create strategic business opportunities. Part of the equation to make the partnership work is policy changes implemented by African governments.
From page 83...
... However, she noted there is a ways to go in increasing innovative financing in health. Insurance and reinsurance companies are developing creative ways of thinking about how reinsurance can help in creating pandemic funds to prepare for future pandemics and forging social impact bonds.


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