ich that have made the most contribution have been recognized through this list of 21 enterprises.
Through this list of enterprises, SVII is trying to inspire the next generation of enterprises to adopt a corporate strategy that is in consonance with the broader social and environment good of people in India. The idea is also to move beyond older ideas that have limited capability to solving the most pressing problems of our time.
Likely Future Expectations and Developments
SVII has just barely scratched the surface of what can be a revolution to solve the most critical challenges that India is facing in varied spheres. SVII has had a delightful journey so far in India. The Inclusive businesses are the first step towards creating shared value in India. It is hoped that India’s vibrant democracy and the emergence of a new entrepreneurial class, as well as the established corporations, will all aid in developing the shared value vision in the country in the years ahead. Policymakers, Civil Society and most importantly Enterprises must see growth but with a purpose of bettering well-being of people in the coming years. The country and its institutions must move beyond the basic ideas of corporate social responsibility and as these have a limited scope and capability for improving people’s lives and hope to become inclusive businesses in the journey to become shared value enterprises.
In the future the need for corporations is to move towards shared value paradigm. Shared Value Initiative India (SVII), set up in 2015, is the exclusive regional partner of Shared Value Initiative, U.S. The initiative in India is aimed at involving business & community leaders towards defining the practice of shared value in India. It is hoped by bringing forth ideas and implementing them there will be an acceleration of the economic and social progress of the Indian society. The initiative is looking at businesses to move from being inclusive businesses to being shared value enterprises of the future by thinking about societal development as a part of their corporate strategy.
Published with The Hindu Business Line on February 15, 2016. Read full article