Definitions
Shared value can be defined as the company policies and operations that strive for achieving competitive advantage and at the same time enhancing the economic and social ramifications to the peoples where the company resides. It is a contemporary business philosophy with two-fold equally important objectives, to achieve a high business competitive level and community well-being. While the focus of Corporate Share Value is for a corporate organization to identify the social needs and to enhance both business and societal value within the supply chain and stakeholders. The participation of private corporations in community-based activities, particularly in Creating Shared Value programs, is necessary not only to create a more competitive market and improve the economic status of the disadvantaged but also to contribute to human resources and community development.
Introduction
Corporate Social Responsibility
The Corporate Social Responsibility (CSR) definition, based on The...
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Zainoddin, A.I., Shaharudin, M.R. (2020). Corporate Shared Value for the Wellbeing of Local Community. In: Leal Filho, W., Azul, A., Brandli, L., Lange Salvia, A., Wall, T. (eds) Partnerships for the Goals. Encyclopedia of the UN Sustainable Development Goals. Springer, Cham. https://doi.org/10.1007/978-3-319-71067-9_125-1
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