Learning Journal Session 6

Running Head: LEARNING JOURNAL SESSION 6
LEARNING JOURNAL SESSION 6
Name
Institutional Affiliation

LEARNING JOURNAL SESSION 6 2
LEARNING JOURNAL SESSION 6
Questions for brainstorming
1. What is the topic of this session?
2. What are the key points of Shared value creation and innovation?
3. What do I seek to learn from this session of Shared value creation and innovation?
4. What all do I need to read up to achieve my goal in learning Shared value creation
and innovation relationship?
5. How can I use it for myself in the future?
Learnings
To make a business emerge, one needs an upper hand. An organisation with an upper
hand emerges to purchasers and is in a more ideal position than different organisations in a
similar industry. There are heaps of various ways for an organisation to pick up an upper
hand, yet most organisations do it through correlation or separation.
A relatively favourable position happens when an organisation can create items more
proficiently or at a lower cost than its rivals. A differential favourable position is made when
an organisation's item is seen as various, or better than a contending organisation's items. For
instance, consider non-exclusive prescription versus brand name drug. Conventional
medications frequently have a near favourable position since they are less expensive than
brand name drugs. In any case, brand name medicates ordinarily have a differential preferred
standpoint on the grounds that numerous customers accept that brand name drugs are better in
quality than conventional medications (Bocken, Rana & Short, 2015).
One can comprehend that the evolving business needs an upper hand, so they choose to
attempt to separate their item by rehearsing corporate social duty (CSR). Corporate social
duty is a term used to depict the activities an organisation takes to control its tasks and