Creating shared value in an industrial conurbation: evidence from the North Staffordshire ceramics cluster
AbstractThe claims by Porter and Kramer that the concept of Creating Shared Value is an effective way of reinventing modern capitalism by releasing an upsurge in innovation is misleading because it maintains self-interest principally of large corporations at the centre of the economic system. The long-term development of the North Staffordshire Ceramics cluster suggests that firms such as Wedgwood were developing a primitive form of CSV over 250 years ago at the start of capitalism as opposed to a recent way of reinventing modern capitalism. The evidence of competitive forces remains strong and the resilience of firms in the cluster is much more in line with Schumpeterian “perennial gale of creative destruction” than a “wave of innovation and growth” offered by Porter and Kramer.
CitationJackson, I., and Limbrick, L. (2019) 'Creating Shared Value in an industrial conurbation: Evidence from the North Staffordshire Ceramics Cluster', Strategic Change: Briefings in Entrepreneurial Finance, 28 (2) pp. 133-138
JournalStrategic Change: Briefings in Entrepreneurial Finance
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