Analysis Of Nestle

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3.3 Shared Value as a new common sense: the complex networks of academia, NGOs and policy forums
As is highlighted by Ramirez-Vallejo , Nestlé was a pioneer company in Shared Value Strategies worldwide and a key reference for its further conceptualization made by Michael Porter and Mark Kramer. Before 2006, there were a few companies including Nestlé that talked about shared value and its significance to business strategy. Nowadays the picture has changed and shared value has moved into the mainstream (Kramer: 2015: 1). How this happened?
As was shown in previous sections, the 2008-09 economic crisis has shaped the conditions under which shared value strategies gained a wider corporate relevance. This section, will analyze the way in which a complex network of …show more content…

For all these policy and governance forums, creating shared value concept and practices has become a suitable vehicle, amongst others, to strengthen the commitment of business with broader human and environmental priorities. It has become almost a common practice carry out consultation rounds with private sector as fundamental part of the construction of global policy and regulatory frameworks. Regarding the SDG´s private sector consultation rounds, for instance, is important to mention the “Davos Roundtable on Shared Value and Multi-Stakeholder Partnerships”, organized by UNIDO and Foundation Strategy Group (the think tank of Porter and Kramer). More than 45 transnational corporations participate in the event. Regarding the SDG, Janet Voûte-Allen, Nestlé´s Global Health and Public Affairs Officer, commented: `We think that things were done differently this time in terms of consultation with business: we feel that this is our agenda´ (quoted in Patscheke, 2015:

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