Abstract
Can business and society work together to foster each other’s prosperity? No company works in a vacuum. Invariably, interdependent interrelationships develop between a business and the community within which it operates. The main consideration should be to maximize the nature and extent of mutually beneficial interrelationships. Henri Nestlé, after whom the company is named, was a German pharmacist. In 1867, he formulated Farine lactee, a combination of cow’s milk, wheat flour and sugar, to save the life of a neighbour’s child. Ever since then, nutrition has been the cornerstone of Nestlé business. More than 145 years later, as Nestlé gradually became a major Fortune 500 multinational company, it has continued to evolve, but always with a deep understanding and appreciation of its roles within the societies in which it operates.
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Biswas, A.K., Tortajada, C., Biswas-Tortajada, A., Joshi, Y.K., Gupta, A. (2014). Executive Summary. In: Creating Shared Value. SpringerBriefs on Case Studies of Sustainable Development. Springer, Cham. https://doi.org/10.1007/978-3-319-01463-0_1
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DOI: https://doi.org/10.1007/978-3-319-01463-0_1
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