Rallis India, a Tata enterprise, has been awarded the prestigious Porter Prize for ‘creating shared value’. The company won this award for being a high impact organization for creating shared value that has created economic success by redefining markets, products, way of doing business, creating collaborative efforts and in turn creating societal and economic progress.
The Porter Prize, named after the renowned thinker, Harvard faculty member and father of modern strategies, Professor Michael E Porter, is awarded by the Institute for Competitiveness, India.
The companies were evaluated on the following measures - Social problem being addressed, Geographical reach and societal activities, Investments in community development in business and Linkage between the social problem and company’s competitive position and strategy.
