The Seven Principles of Social Value help guide the process to identify and measure the total value created by a program and/or an activity. They help measure and maximize total value. Continue reading The Seven Principles of Social Value
The previous model of capitalism and our economic model proposed by Milton Friedman, Adam Smith and others, told us that the one and only social responsibility of business was to use its resources to engage in activities designed to increase profits. That if you acted in your own self-interest, you will automatically do good for society. But with nearly 7 billion people in the world, including 1 billion in Africa, that economic model has failed to address the challenges of society such as hunger, poverty, and security.