Multiple Case Explorations of Australian Property Organisatio ...

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  • Title: Multiple Case Explorations of Australian Property Organisations Creating Social and Economic Value: Application of Shared Value Framework
  • Author(s): Asoke Mehera
  • Publisher: Common Ground Research Networks
  • Collection: Common Ground Research Networks
  • Series: On Sustainability
  • Journal Title: The International Journal of Sustainability in Economic, Social, and Cultural Context
  • Keywords: Creating Shared Value, Reconceiving Products and Value Chain, Value Propositions, Social and Economic Value, Australian Property Industry
  • Volume: 14
  • Issue: 4
  • Year: 2018
  • ISSN: 2325-1115 (Print)
  • ISSN: 2325-114X (Online)
  • DOI: https://doi.org/10.18848/2325-1115/CGP/v14i04/57-82
  • Citation: Mehera, Asoke. 2018. "Multiple Case Explorations of Australian Property Organisations Creating Social and Economic Value: Application of Shared Value Framework." The International Journal of Sustainability in Economic, Social, and Cultural Context 14 (4): 57-82. doi:10.18848/2325-1115/CGP/v14i04/57-82.
  • Extent: 26 pages

Abstract

This study explored simultaneous social and economic value creation by large Australian property development and management organisations integrating the “Shared Value” business model propounded by Harvard academics in the post-GFC context. Based on an interpretive paradigm and semi-structured interviews, the study comprised a thematic analysis based on three thematic components of the shared value business model—re-conceiving products and markets, value chain configuration, and enabling clustered collaboration. The findings identify property sector-wide similarities and differences based on the emphasis given to product/service innovation supported by value chain and clusters. Driven by new value propositions, the sampled property organisations have adopted a conscious capitalist approach to share the social and business outcomes amongst stakeholders. The significance of the study lies in exploring the adoption of the above-mentioned American business model amongst the Australian property organisations in the competitive post-GFC business environment, which facilitated simultaneous creation of social and economic value.