Shared Value
By Nadir Godrej
October 11th
, 2013
Now there are those who would opine,
That businesses do just fine,
When b...
Of talent as well as empathy
That in our group we can see.
And from the dross extracted gold
To build a program big and bo...
of 2

Nadir Godrej Shared Value Presentation

Nadir Godrej Shared Value Presentation
Published on: Mar 3, 2016

Transcripts - Nadir Godrej Shared Value Presentation

  • 1. Shared Value By Nadir Godrej October 11th , 2013 Now there are those who would opine, That businesses do just fine, When business is all that they do. To some extent this is true. Just one objective is efficient. And honest business seems sufficient To help society at large. And yet we're faced with the charge That for want of a level playing field The benefits that businesses yield Accrue to the managerial class While they bypass the toiling mass. And hence was born CSR And this can take us very far But it entails a separation Of the expenditure and generation Of wealth. And yet we clearly know No problem's solved by money flow Alone. Some deep thought is required For good solutions to be inspired. And hence came this new paradigm. Why did it take so much time? Shared value makes a lot of sense When viewed through a certain lens. Now externalities are the base On which one can make the case. There is a conflict that we face As we pursue the development race. In many a developing nation There is a lack of education. We are then faced with climate change And though it seems very strange Governments can't decide To take this problem in their stride. If business goes on as before These problems will hit us for sure. So businesses themselves will gain By successfully avoiding pain. And if we summon up the will, We have the capital and skill To achieve most social goals. Not pouring money into holes But based on a solid business case And working at a blistering pace. This can be social enterprise Or businesses of any size. And to my mind the real key For businesses is synergy. Good projects can always be found Where there is a common ground. By this it should be understood Both business good and social good Should be enhanced side by side. And we have found when this is tried There is a constant feedback loop Both society and the group Do benefit in many ways. Shared value serves as well as pays. Your market strategy succeeds As you eschew wants for needs. And strategists will surely find Their strategies get refined. All stakeholders get excited And employees are most delighted. As development's accelerated New customers are created. And CEOs find it exciting To soar above the tough trench fighting And solve big problems most disdain Because they seem such a pain. But truth to tell, you take a bath When you tread the beaten path. But when you push where no one goes Success then flows, heaven knows. At this stage I really ought to Salute Professor Michael Porter. The brilliant idea he conceived Was admired and well received. And so when we could see The light, we turned to FSG. With confidence, now I can say, They know how to show the way. They worked with our entire team And mined the rich and endless seam
  • 2. Of talent as well as empathy That in our group we can see. And from the dross extracted gold To build a program big and bold. We called it Godrej, Good and Green. And what a journey it has been. If you permit me now to quote A poem, that I then wrote, You will then see what we mean By our Godrej, Good and Green. Godrej Good And Green "For rapid growth of the nation The big constraint is education And so we chose to train a million Good thing the number isn't billion. Some think that we are aiming high But setting sights at the sky Can help us reach a lofty height. And if we try with all our might In ten years surely we'll succeed. Right now we have to plant the seed. And at the start we may be slow But soon we'll be in fuller flow. And if we teach the youth to earn, Enabling them to quickly learn, Then all of us will get to spend The demographic dividend. While growth is good and is our right We should always keep in sight, As billions seek the promised land Enough resources aren't at hand. What we deplete we must restore. While this is hard I'm very sure That if indeed we are wise We'll first reduce, then neutralise Our water use and C emission. And that will serve as our green mission. Green energy will play a role In fact we have a separate goal. A one third share, that we may need To well surpass, to succeed In Carbon emission elimination As green energy, in my estimation, Is already in a dead heat And very soon will compete With fossil fuel resources As costs will rise from newer sources. But in my mind our final pillar Will prove to be the real killer. Making products good and green By most of us it's often seen As striving for either or. But there's a case to be made for Producing products which are seen As being both good and green. These attributes will help to sell And this will turn out very well By helping businesses to grow Much faster and ensure the flow Of cash to spend on good and green. And this is how it should be seen. And in due course this little seed If nurtured well will surely grow. By 2020 we will show That all three goals can be achieved And once results are clearly seen Then the Godrej Group will be perceived As championing both Good and Green."

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