According to Switzer, "water stewardship is a vast subject with many different players; when all stakeholders use Shared Value as a basis for decisions making, good things happen for everyone."
Remanufacturing within a circular economy delivers a wide range of benefits for society, the environment, business and the economy.
As a society, we are facing real problems in need of real solutions, many of which can only be achieved with the involvement of the private sector.
Business must take a close look at the shared challenges related to water, such as: quality or quantity issues; failure to protect the water source, or political uncertainty.
Creating shared value entails embedding a social mission in the corporate culture and channeling resources to the development of innovations that can help solve social problems.
I believe that even if it might take a while longer companies will eventually understand that shared value pays and embrace it one way or another. This is great because the challenge now as Porter explains is for shared value to evolve from an idea into a movement, and to do so you need many more companies on board.
Michael Porter explains with great eloquence why he's never been more excited about the opportunities for business to increase profitability while solving social problems.