Introduction to creating shared value: The concept of shared value is becoming a major cause for concern today. Most companies focus on creating shared value. Many reputed companies are focusing on value creation, for example Intel, a big name in the field of technology, has the policy that every employee attends a seminar based on value creation. (Vadim Kotelnikov) According to the World Socialist Movement, capitalism is the process in which the country's economy is privately owned. (2006) Capitalism has only led to economic and social hardship. Today, many businesses are believed to create many economic, social and social problems that are becoming difficult to solve. Many companies are focusing on old ways of creating shared value. Shared value is actually a term used to define policies and strategies that help businesses achieve the social and economic progress of the community in which they operate. (James Epstein-Reeves 2012). There are many opportunities in society that lead to value creation. The main opportunities involve the basic needs of society that can be satisfied by devising innovative ways to produce something that satisfies that particular need while reducing the costs incurred by the company. (Porter, Kramer, 2011, pp 64-77) Government and business are also at odds with each other, thus suppressing overall economic growth. Three ways of value creation are discussed in the article: one is to reconceive the products and services, the second is to redefine productivity in the value chain, and the third is to build support clusters at the company headquarters. (Porter,Kramer,2011,pp 64-77)Five key pointsCSV vs CSR:According to Center 4's shared value, corporate social responsibility is somewhat...middle of paper...not opening new products to sell, new customers to serve, new markets to enter, etc. Every company will implement shared value into its strategy which will then enable it to gain a competitive advantage over others. Equity value can be practiced in every important business decision. The three most important approaches to creating shared value are cluster enhancement, new value chain choices, and new value chain configurations. Shared value connects the success of the company with the overall success of the company and also gives the right direction to the company. It focuses on earning the right kinds of profits, that is, profits that benefit society and help economic and social growth. According to the company case studies, Nestlé is working to create shared value for the countries it works with, these are considered vital to the value chain. includes