This document discusses the concept of shared value, which involves businesses identifying opportunities to create economic value for themselves and social value for communities in an integrated way. It argues that shared value goes beyond corporate social responsibility and philanthropy by finding business opportunities in addressing social problems. Shared value strategies can create competitive advantages for companies by improving conditions in the communities where they operate like workforce skills, infrastructure, and sustainable resources. This allows companies to better meet societal needs through their products and operations in a way that is scalable and self-sustaining. The document provides several examples of companies that have implemented successful shared value strategies.