Q2 How did Shared Values affect Nestlé’s strategy?

Nestle's success as a company is based on its ability to create shared value. Water, nutrition, and
rural development are among the fundamental business operations where value may be
maximized for both society and shareholders. Nestle aspires to produce value for society as well
as the firm in order to assure long-term profit for shareholders. Compliance with national laws,
appropriate conventions, and internal corporate rules are required processes to properly
implement this plan. Nestle, for example, backs the Universal Declaration of Human Rights
(UDHR), which is the foundation of the UN Global Compact's Human Rights Principles (Nestle
2011).

Internal prohibitions against child labor stated in the Nestle Corporate Business Principles and
associated policy papers demonstrate compliance with the Universal Declaration of Human
Rights. Nestle also promotes shared value by stressing the connection between nutrition and rural
development. Nestle's 4860 regionally tailored products assist to rural development by providing
healthy meals at accessible costs. This strategy improves consumer nutrition while also creating
value for other stakeholders by providing local job opportunities.

Nestle is able to generate a competitive advantage through its unmatched product and brand
portfolio, unrivalled R capacity, unrivalled geographic presence, and the global culture present in
the Nestle workplace through producing shared value.Each of these characteristics guarantees
that Nestle products are preferred by shareholders above those of top rivals.