IDEAS home Printed from https://ideas.repec.org/a/spr/gjofsm/v24y2023i2d10.1007_s40171-023-00340-5.html
   My bibliography  Save this article

Enablers of ‘Creating Shared Value’: A Total Interpretive Structural Modeling–Polarity Approach

Author

Listed:
  • Shekhar

    (University of Delhi)

  • Debadyuti Das

    (University of Delhi)

Abstract

The concept of Creating Shared Value (CSV) is gaining prominence in industries as an approach to creating and distributing value among stakeholders. However, transitioning to CSV requires a thorough understanding of key adoption factors. The objective of this study is to identify the factors influencing the decision to create shared value and establish a hierarchical relationship between them. This study draws support from the literature to identify the enablers and barriers to CSV. Total interpretive structural modelling–polarity is used to design a hierarchical framework to determine the key factors, which are then classified using cross-impact matrix multiplication applied to classification (MICMAC analysis). Results show that industry characteristics, corporate governance mechanisms, innovation and technology, and information dissemination drive the adoption of CSV in an organization to generate financial benefits and ensure long-run survival. It is achieved through improved stakeholder relationships, the development of competitive advantage, and enhanced customer satisfaction. In addition, elements like enhanced costs and complexity in the value chain diminish the overall strategic gains. The findings contribute to the theory of CSV by identifying building blocks for its implementation and offering useful key insights to the managers for its implementation. Classification of these factors will aid in determining the key factors while concentrating on the outcomes. The study further reveals that the identification of pitfalls of CSV through determining the polarity of the links will safeguard the managers by mitigating the risks.

Suggested Citation

  • Shekhar & Debadyuti Das, 2023. "Enablers of ‘Creating Shared Value’: A Total Interpretive Structural Modeling–Polarity Approach," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 24(2), pages 291-318, June.
    • Handle: RePEc:spr:gjofsm:v:24:y:2023:i:2:d:10.1007_s40171-023-00340-5
    DOI: 10.1007/s40171-023-00340-5
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s40171-023-00340-5
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s40171-023-00340-5?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. 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.
    2. David Ollivier de Leth & Mirjam A. F. Ros-Tonen, 2022. "Creating Shared Value Through an Inclusive Development Lens: A Case Study of a CSV Strategy in Ghana’s Cocoa Sector," Journal of Business Ethics, Springer, vol. 178(2), pages 339-354, June.
    3. Madhukar Patil & M. Suresh, 2019. "Modelling the Enablers of Workforce Agility in IoT Projects: A TISM Approach," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 20(2), pages 157-175, June.
    4. Salvatore Cannella & Roberto Dominguez & Jose M. Framinan & Borja Ponte, 2018. "Evolving Trends in Supply Chain Management: Complexity, New Technologies, and Innovative Methodological Approaches," Complexity, Hindawi, vol. 2018, pages 1-3, June.
    5. Laura Michelini & Daniela Fiorentino, 2012. "New business models for creating shared value," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 8(4), pages 561-577, September.
    6. Amulya Gurtu & Jestin Johny, 2021. "Supply Chain Risk Management: Literature Review," Risks, MDPI, vol. 9(1), pages 1-16, January.
    7. Xu, Lei & Mathiyazhagan, K. & Govindan, Kannan & Noorul Haq, A. & Ramachandran, Navneet Vyas & Ashokkumar, Avinash, 2013. "Multiple comparative studies of Green Supply Chain Management: Pressures analysis," Resources, Conservation & Recycling, Elsevier, vol. 78(C), pages 26-35.
    8. Kelle, Peter & Akbulut, Asli, 2005. "The role of ERP tools in supply chain information sharing, cooperation, and cost optimization," International Journal of Production Economics, Elsevier, vol. 93(1), pages 41-52, January.
    9. H. Mahesh Prabhu & Amit Kumar Srivastava, 2023. "CEO Transformational Leadership, Supply Chain Agility and Firm Performance: A TISM Modeling among SMEs," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 24(1), pages 51-65, March.
    10. 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.
    11. Aven, Terje & Zio, Enrico, 2021. "Globalization and global risk: How risk analysis needs to be enhanced to be effective in confronting current threats," Reliability Engineering and System Safety, Elsevier, vol. 205(C).
    12. Amit Kumar Srivastava & Sushil, 2013. "Modeling strategic performance factors for effective strategy execution," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 62(6), pages 554-582, July.
    13. Silvia Ferraz Nogueira De Tommaso & Vanessa Pinsky, 2021. "Creating shared value: the case of innovability at Suzano in Brazil," Innovation & Management Review, Emerald Group Publishing Limited, vol. 19(3), pages 208-221, December.
    14. Kwang O. Park, 2020. "How CSV and CSR Affect Organizational Performance: A Productive Behavior Perspective," IJERPH, MDPI, vol. 17(7), pages 1-15, April.
    15. Freeman, Edward & Liedtka, Jeanne, 1997. "Stakeholder capitalism and the value chain," European Management Journal, Elsevier, vol. 15(3), pages 286-296, June.
    16. Dubois, Cathy L. Z. & Dubois, David A., 2012. "Expanding the Vision of Industrial–Organizational Psychology Contributions to Environmental Sustainability," Industrial and Organizational Psychology, Cambridge University Press, vol. 5(4), pages 480-483, December.
    17. Fan, Di & Xiao, Chengyong & Zhang, Xiao & Guo, Yujuan, 2021. "Gaining customer satisfaction through sustainable supplier development: The role of firm reputation and marketing communication," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 154(C).
    18. Muhammad Amad Saeed & Wolfgang Kersten, 2019. "Drivers of Sustainable Supply Chain Management: Identification and Classification," Sustainability, MDPI, vol. 11(4), pages 1-23, February.
    19. Manoj Kumar Singh & Harish Kumar & M. P. Gupta & Jitendra Madaan, 2018. "Analyzing the Determinants Affecting the Industrial Competitiveness of Electronics Manufacturing in India by Using TISM and AHP," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 19(3), pages 191-207, September.
    20. Anshul Yadav & Mahim Sagar, 2021. "Modified Total Interpretive Structural Modeling of Marketing Flexibility Factors for Indian Telecommunications Service Providers," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 22(4), pages 307-330, December.
    21. Amit Kumar Srivastava & Sushil, 2013. "Modeling strategic performance factors for effective strategy execution," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 62(6), pages 554-582, July.
    22. Ashish Dwivedi & Dindayal Agrawal & Ajay Jha & Massimo Gastaldi & Sanjoy Kumar Paul & Idiano D’Adamo, 2021. "Addressing the Challenges to Sustainable Initiatives in Value Chain Flexibility: Implications for Sustainable Development Goals," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 22(2), pages 179-197, December.
    23. Shamita Garg & Vikas Thakur, 2021. "Modeling the Factors of Productivity in Airline Industry in India: A Hybrid TISM-P and Fuzzy-MICMAC Approach," International Journal of Global Business and Competitiveness, Springer, vol. 16(1), pages 39-47, December.
    24. T. Ramayah & Roaimah Omar, 2010. "Information Exchange And Supply Chain Performance," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 9(01), pages 35-52.
    25. Jafar Rezaei & Roland Ortt & Paul Trott, 2018. "Supply chain drivers, partnerships and performance of high-tech SMEs," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 67(4), pages 629-653, April.
    26. Cheng, Jao-Hong, 2011. "Inter-organizational relationships and information sharing in supply chains," International Journal of Information Management, Elsevier, vol. 31(4), pages 374-384.
    27. Anshu Agrawal, 2020. "Modified Total Interpretive Structural Model of Corporate Financial Flexibility," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 21(4), pages 369-388, December.
    28. Rojalin Patri & M. Suresh, 2017. "Modelling the Enablers of Agile Performance in Healthcare Organization: A TISM Approach," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 18(3), pages 251-272, September.
    29. Shah, Muhammad Umair & Guild, Paul D., 2022. "Stakeholder engagement strategy of technology firms: A review and applied view of stakeholder theory," Technovation, Elsevier, vol. 114(C).
    30. Amit Kapoor & Sandeep Goyal, 2013. "Inclusive healthcare at base of the pyramid (BoP) in India," International Journal of Trade and Global Markets, Inderscience Enterprises Ltd, vol. 6(1), pages 22-39.
    31. Louai Ghazieh & Nadia Chebana, 2021. "The effectiveness of risk management system and firm performance in the European context," Journal of Economics, Finance and Administrative Science, Emerald Group Publishing Limited, vol. 26(52), pages 182-196, August.
    32. Laura Michelini & Daniela Fiorentino, 2012. "New business models for creating shared value," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 8(4), pages 561-577, September.
    33. Md. Rabiul Islam & Syed Zabid Hossain, 2019. "Conceptual mapping of shared value creation by the private commercial banks in Bangladesh," Asian Journal of Sustainability and Social Responsibility, Springer, vol. 4(1), pages 1-20, December.
    34. Sushil & Kamala Kannan Dinesh, 2022. "Structured Literature Review with TISM Leading to an Argumentation Based Conceptual Model," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 23(3), pages 387-407, September.
    35. Amit Kumar Srivastava & Sushil, 2017. "Alignment: the foundation of effective strategy execution," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 66(8), pages 1043-1063, November.
    36. Atour Taghipour & Moein Khazaei & Adel Azar & Ali Rajabzadeh Ghatari & Mostafa Hajiaghaei-Keshteli & Mohammad Ramezani, 2022. "Creating Shared Value and Strategic Corporate Social Responsibility through Outsourcing within Supply Chain Management," Sustainability, MDPI, vol. 14(4), pages 1-25, February.
    37. Sushil, 2017. "Modified ISM/TISM Process with Simultaneous Transitivity Checks for Reducing Direct Pair Comparisons," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 18(4), pages 331-351, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. H. Mahesh Prabhu & Amit Kumar Srivastava, 2023. "CEO Transformational Leadership, Supply Chain Agility and Firm Performance: A TISM Modeling among SMEs," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 24(1), pages 51-65, March.
    2. Mohammad Asim & Saboohi Nasim, 2022. "Modeling Enterprise Flexibility and Competitiveness for Indian Pharmaceutical Firms: A Qualitative Study," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 23(4), pages 551-571, December.
    3. Sushil & Kamala Kannan Dinesh, 2022. "Structured Literature Review with TISM Leading to an Argumentation Based Conceptual Model," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 23(3), pages 387-407, September.
    4. Garg, Shamita & Sushil,, 2021. "Determinants of deglobalization: A hierarchical model to explore their interrelations as a conduit to policy," Journal of Policy Modeling, Elsevier, vol. 43(2), pages 433-447.
    5. Anshu Agrawal, 2020. "Modified Total Interpretive Structural Model of Corporate Financial Flexibility," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 21(4), pages 369-388, December.
    6. Sanjay Dhir & Swati Dhir, 2020. "Modeling of strategic thinking enablers: a modified total interpretive structural modeling (TISM) and MICMAC approach," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 11(1), pages 175-188, February.
    7. Krzysztof Dembek & Prakash Singh & Vikram Bhakoo, 2016. "Literature Review of Shared Value: A Theoretical Concept or a Management Buzzword?," Journal of Business Ethics, Springer, vol. 137(2), pages 231-267, August.
    8. Sorooshian, Shahryar & Tavana, Madjid & Ribeiro-Navarrete, Samuel, 2023. "From classical interpretive structural modeling to total interpretive structural modeling and beyond: A half-century of business research," Journal of Business Research, Elsevier, vol. 157(C).
    9. Sushil,, 2018. "Incorporating polarity of relationships in ISM and TISM for theory building in information and organization management," International Journal of Information Management, Elsevier, vol. 43(C), pages 38-51.
    10. Sujan Piya & Ahm Shamsuzzoha & Mohammad Khadem & Nasr Al-Hinai, 2020. "Identification of Critical Factors and Their Interrelationships to Design Agile Supply Chain: Special Focus to Oil and Gas Industries," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 21(3), pages 263-281, September.
    11. Idiano D’Adamo & Massimo Gastaldi & Jacopo Piccioni & Paolo Rosa, 2023. "The Role of Automotive Flexibility in Supporting the Diffusion of Sustainable Mobility Initiatives: A Stakeholder Attitudes Assessment," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 24(3), pages 459-481, September.
    12. Madhukar Patil & M. Suresh, 2019. "Modelling the Enablers of Workforce Agility in IoT Projects: A TISM Approach," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 20(2), pages 157-175, June.
    13. Sushil & Periyasami Anbarasan, 2021. "Organization’s Sustainable Operational Complexity and Strategic Overview: TISM Approach and Asian Case Studies," Sustainability, MDPI, vol. 13(17), pages 1-32, August.
    14. Abid Haleem & Sanjay Kumar & Sunil Luthra, 2018. "Flexible System Approach for Understanding Requisites of Product Innovation Management," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 19(1), pages 19-37, March.
    15. Nagamani Subramanian & M. Suresh, 2022. "Assessment Framework for Agile HRM Practices," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 23(1), pages 135-149, March.
    16. Nakul Parameswar & Sanjay Dhir & Sushil, 2020. "Interpretive Ranking of Choice of Interaction of Parent Firms Post-International Joint Venture Termination using TISM-IRP," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 21(1), pages 1-16, March.
    17. Sharmin Taskin & Amna Javed & Youji Kohda, 2023. "Creating Shared Value in Banking by Offering Entrepreneurship Education to Female Entrepreneurs," Sustainability, MDPI, vol. 15(19), pages 1-15, October.
    18. Anshul Yadav & Mahim Sagar, 2021. "Modified Total Interpretive Structural Modeling of Marketing Flexibility Factors for Indian Telecommunications Service Providers," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 22(4), pages 307-330, December.
    19. M. Suguna & Bhavin Shah & S. Karthik Raj & M. Suresh, 2022. "A study on the influential factors of the last mile delivery projects during Covid-19 era," Operations Management Research, Springer, vol. 15(1), pages 399-412, June.
    20. Adriana PETRE, 2019. "Methodological Options For Analyzing Shared Value During Cluster Development," EURINT, Centre for European Studies, Alexandru Ioan Cuza University, vol. 6, pages 230-246.

    More about this item

    Keywords

    Creating shared value; Innovation; Modeling; Sustainability; TISM-P;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:gjofsm:v:24:y:2023:i:2:d:10.1007_s40171-023-00340-5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.