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Alongside monitoring how many people are being reached and what changes are being seen in the short-term, many of Copenhagen's efforts are generating economic value.
These so-called 'B-Corporations' are generating economic value because of (not in spite of) meeting rigorous standards around social and environmental responsibility as well as accountability and transparency.
Michael E. Porter and Mark R. Kramer (2011) propounded the concept of 'creating shared value,' that states: 'Companies could bring business and society back together if they redefined their purpose as 'creating shared value' - generating economic value in a way that also produces value for society by addressing its challenges.
However, they were not as successful as other areas in generating economic value from their research and academic outcomes.
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It is a broad skills set that generates economic value, not a narrow one.
To be sure, not every patent creates a job or generates economic value.
Nonconsumptive utilization also uses the resource to generate economic value, but it does so without using up the resource itself.
Messrs Murphy and Topel estimate that eliminating deaths from heart disease would generate economic value of $48 trillion; curing cancer would be worth $47 trillion.
He said both men struck him as decent and highly talented and they genuinely believed they had developed a retail structured product business which generated economic value for the bank to which they were entitled to a share.
She went to flea markets, bought things for a quarter, put them online, and sold them for twenty-five dolland, and she said, 'Wow!' She said, 'Now I finally feel like I'm contributing to the household.' So that's an incredibly empowering thing, when an individual discovers his or her own ability to generate economic value".
It has generated economic value and reduced some inequalities.
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