School of Public Leadership

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Browsing School of Public Leadership by browse.metadata.advisor "Audouin, Michelle"

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    The notion of creating shared value and its applicability and implications for corporate South Africa
    (Stellenbosch : Stellenbosch University, 2018-03) Koen, Karen-Dawn; Audouin, Michelle; Stellenbosch University. Faculty of Economic and Management Sciences. School of Public Leadership.
    ENGLISH SUMMARY : The overarching goal of this thesis is to explore how to enable a consistent uptake, by companies in South Africa, of shared value as a means of creating value, with a specific focus on legislative requirements as an enabler. The overarching research goal is however augmented by the following research objectives: Objective 1: Understand the current context of creating shared value. This includes understanding how it’s defined, its current voluntary implementation and whether the existing policy and legislative environment promotes its use. Objective 2: Explore the barriers associated with using legislation as an enabler to increase the uptake of shared value creation. Objective 3: Identify recommendations that relate to policy and legislation that would enable an uptake of shared value creation. Although it is acknowledged that there are several ways to embed strategy or increase the uptake of a shared value strategy, by corporate South Africa, this thesis focuses specifically on legislation, as an enabler. This thesis considers the traditional financial value creation strategies adopted by corporate South Africa, including societal and environmental impact management methodologies employed; such as Corporate Social Responsibility as well as philanthropy. The opportunities and constraints of the aforementioned value creation and impact management methodologies, are discussed and based on the constraints, a case for a shared value creation strategy is made. Thereafter, examples of national and international legislation and policies that support the implementation of shared value creation are presented. The illustrative examples provide the foundation for the research query, that legislation and policy frameworks can be used to increase the uptake of shared value creation in corporate South Africa. To meet the overall goal and the supporting research objectives, the following research methods were employed: - A literature review was undertaken to determine the existing documented information relating to shared value creation definition, implementation and existing policies and legislation that supports the notion of shared value creation; - Illustrative examples were used to reflect the way a shared value creation strategy has been implemented; and - Interviews were conducted, to determine, whether the notion of shared value creation was being implemented in corporate South Africa and whether legislation and policies could trigger an uptake of a shared value creation strategy in this sector. For the purpose of this research, a grounded theory approach to data analysis was utilised to interpret the data. The research undertaken identified several constraints in the use of legislation and policy that can hamper the uptake of shared value creation by corporate South Africa. The constraints identified pertain specifically to the way legislation is framed, the over reliance on reflecting and monitoring procedural compliance by corporates and the emphasis on meeting minimum legislative requirements, as opposed to the intent and spirit of the legislation or policy. Recommendations identified to address the constraints revolve around the inclusion of financial incentives in shared value creation legislation, as well as the inclusion of market- related performance assessment incentives, beyond compliance. The recommendations are associated with framing and drafting legislation in a specific manner; to increase the uptake of a shared value creation strategy in corporate South Africa, were presented and discussed. The recommendations aim to enhance the legislation and policy that supports the notion of creating shared value.