Shift Social Development, a South Africa-based consulting firm, is pushing African businesses, organizations and enterprises to help contribute to social change across the continent.
The consultancy is gearing up to host an event known as the Africa Shared Value Summit, which will unveil strategies teaching businesses in the region to grow financially and contribute to social change at the same time.
The Summit will take place on the 24th and the 25th of May 2018 in Sandton South Africa.
Shift Social Development, which was formerly known as TB Consult, is a Shared Value advocacy, training, purposeful branding, and consultation firm with a passion for assisting businesses in finding the Shared Value strategy that works for them – to help you do good while doing good business.
“Shared Value is about creating economic value in a way that also creates value for society by addressing its needs and challenges,” the organization said in a statement.
“The purpose of the corporation must be redefined as creating Shared Value, not just profit per se. This will drive the next wave of innovation and productivity growth in the global economy,” said Harvard Professor, Michael Porter, who was speaking ahead of the summit.
The Summit will feature high profile speakers such as Prerana Issar, Head of Private Sector Partnerships at the World Food Program (WFP), who will discuss how business in Africa can address the continent’s food security challenges.
Shift was born out of the need to assist business to transform strategy and accelerate change to address inequalities in society through motivating business alignment with the 2030 UN Sustainable Development Goals.
“We understand that companies need to make a profit, but we also believe that they have a responsibility towards the communities in which they operate, the environment and society at large. Businesses have a collective responsibility to create Shared Value wherever they can – and, in truth, this is where the biggest growth opportunities lie,” the organization said in a statement.