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kindly solve it in a text. 1. Why creating shared value has become important for the business leaders in the 21st century? Why collaboration beyond

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1. Why creating shared value has become important for the business leaders in the 21st century? Why collaboration beyond business boundaries is important for creating shared value? 2. Please read the case of Nestle and answer the questions given at the end of the case. Nestl Nespresso is one of Nestl's fastest growing divisions, which has enjoyed annual growth of 30% since 2000. Nespresso combines a sophisticated espresso machine with single-cup aluminum capsules containing ground coffees from around the world. Offering quality and convenience, Nespresso has expanded the market for premium coffee. Obtaining a reliable supply of specialized coffees is extremely challenging, however. Most coffees are grown by small farmers in impoverished rural areas of Africa and Latin America, who are trapped in a cycle of low productivity, poor quality, and environmental degradation that limits production volume. To address these issues, Nestl redesigned procurement. It worked intensively with its growers, providing advice on farming practices, guaranteeing bank loans, and helping secure inputs such as plant stock, pesticides, and fertilizers. Nestle established local facilities to measure the quality of the coffee at the point of purchase, which allowed it to pay a premium for better beans directly to the growers and thus improve their incentives. Greater yield per hectare and higher production quality increased growers' incomes, and the environmental impact of farms shrank. Meanwhile, Nestl's reliable supply of good coffee grew significantly. Obtaining a reliobls supply of apecialtesd coltoos is extremely chollonging however. Most cotfoes are grown by amoll formers in impovarished ruroi oreas of Africa ond Lotin America, who ore trapped in a cycle of low productivity, poor quolity, and ervironmental degrodation that lirnits production volume. To oddress these istues, Nostle redesigned procurement, it workod intensivoly with its growers, providing odvice on farming proctices guaranteoing bank loans, and holping socure inputs such os plant stock, pesticides, and fortilitrers. Nestle established local focilities to measure the quality of the coffee ot the point of purchase, which allowed it to pay a premium tor better beans directly to the growers and thus improve their incentives Greoter yiold per hectore and higher production quality increased growers' incomes, and the environmental impoct of forms shrank. Meanwhile, Nestle's reliable supply of good colfee grew significantly. - How did Nestle create the shared value (What were the Social and fconomic benefits of this Nestle's initiative)? What did motivate Nestle leadership to take this initiative

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