Shared Value Through Inner Knowledge Creation

Patricia Doyle Corner () and Kathryn Pavlovich ()
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Patricia Doyle Corner: Auckland University of Technology
Kathryn Pavlovich: University of Waikato

Journal of Business Ethics, 2016, vol. 135, issue 3, No 9, 543-555

Abstract: 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.

Keywords: Creating shared value; Inner knowledge creation (IKC); Metacognition; Mindfulness; Tensions/paradoxes; Yoga (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (12)

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DOI: 10.1007/s10551-014-2488-x

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