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Business Ethics Journal Review

Volume 1, Issue 6, 2013

Laura P. Hartman, Patricia H. Werhane
Pages 36-43

Proposition: Shared Value as an Incomplete Mental Model

Much of the attention of ethics scholars has focused on balancing self interest with the interests of others, equating self-interest with profit, or at least its acquisition, and presenting a dilemma to both companies and the stakeholder groups that socially responsible business practices might serve. We are in significant agreement with Porter and Kramer’s silver bullet to correct decision making based solely on increasing profit: the creation of “shared value.” However, we suggest three significant points of deviation from this thesis, resulting from our discomfort with features of the mental model(s) that Porter and Kramer use to structure their argument.