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Shared Value Through Inner Knowledge Creation

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  • Patricia Doyle Corner

    (Auckland University of Technology)

  • Kathryn Pavlovich

    (University of Waikato)

Abstract

The notion of shared value presents business with a challenge: to generate social benefit and profit simultaneously. This challenge involves resolving tensions/paradoxes inherent when integrating the apparent contradictory elements of social and economic values. Unfortunately, resolving such tensions is difficult due to the habitual, automatic nature of sensemaking. This paper offers a mechanism whereby individuals can, over time, begin to overcome habitual sensemaking and potentially resolve tensions inherent in shared value. The mechanism is labeled inner knowledge creation (IKC). IKC is described and its role in creating shared value for businesses is illustrated through a conceptual model. The model shows how IKC develops metacognitive capabilities, builds capacities to resolve tensions/paradoxes, and cultivates openness to others’ perspectives.

Suggested Citation

  • Patricia Doyle Corner & Kathryn Pavlovich, 2016. "Shared Value Through Inner Knowledge Creation," Journal of Business Ethics, Springer, vol. 135(3), pages 543-555, May.
    • Handle: RePEc:kap:jbuset:v:135:y:2016:i:3:d:10.1007_s10551-014-2488-x
    DOI: 10.1007/s10551-014-2488-x
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    Cited by:

    1. Patricio Osorio-Vega, 2019. "The Ethics of Entrepreneurial Shared Value," Journal of Business Ethics, Springer, vol. 157(4), pages 981-995, July.
    2. Kevin T. Jackson, 2018. "Interpreting the Virtues of Mindfulness and Compassion: Contemplative Practices and Virtue-Oriented Business Ethics," Humanistic Management Journal, Springer, vol. 3(1), pages 47-69, July.
    3. Manuel Ángel Fernández-Gámez & A. Manuel Gutiérrez-Ruiz & Rafael Becerra-Vicario & Daniel Ruiz-Palomo, 2019. "The Effects of Creating Shared Value on the Hotel Performance," Sustainability, MDPI, vol. 11(6), pages 1-16, March.
    4. Lily Kiminami & Shinichi Furuzawa & Akira Kiminami, 2022. "Exploring the possibilities of creating shared value in Japan’s urban agriculture: using a mixed methods approach," Asia-Pacific Journal of Regional Science, Springer, vol. 6(2), pages 541-569, June.
    5. Rebecca Chunghee Kim, 2018. "Can Creating Shared Value (CSV) and the United Nations Sustainable Development Goals (UN SDGs) Collaborate for a Better World? Insights from East Asia," Sustainability, MDPI, vol. 10(11), pages 1-26, November.
    6. Carlos González-Rossano & Antonia Terán-Bustamante & Marisol Velázquez-Salazar & Antonieta Martínez-Velasco, 2023. "What Drives Profit Income in Mexico’s Main Banks? Evidence Using Machine Learning," Sustainability, MDPI, vol. 15(7), pages 1-19, March.
    7. Khurshid, Hamid & Snell, Robin Stanley, 2021. "Examining mechanisms for creating shared value by Asian firms," Journal of Business Research, Elsevier, vol. 129(C), pages 122-133.
    8. Kwon, Deuksin & Lee, Ha Young & Cho, Joon Hyung & Sohn, So Young, 2023. "Effect of an open patent pool strategy on technology innovation in terms of creating shared value," Technological Forecasting and Social Change, Elsevier, vol. 187(C).
    9. Davide C. Orazi & Jiemiao Chen & Eugene Y. Chan, 2021. "To Erect Temples to Virtue: Effects of State Mindfulness on Other-Focused Ethical Behaviors," Journal of Business Ethics, Springer, vol. 169(4), pages 785-798, April.
    10. Shinya Takata & Young Won Park & Takahiro Ohno, 2022. "Research on the Effects and Factors of CSV Activities by Sector in Japanese Firms: Analysis Considering the Relationships with Management and Communication Strategies," Sustainability, MDPI, vol. 14(17), pages 1-18, August.

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