People socialize. And it is, by all means, a permanent process of receiving and distributing norms, customs and ideologies. They provide an individual with the habits and skills which are vital for contributing within its own society. Hence, any healthy society also considers ethics as essential mechanism of communication between individuals. No doubt, it is an inevitable aspect of everyday life, and same comes with business activities and their methods. That is why the idea of Social Responsibility continues to be so actual for today’s society as a whole.
Creating Shared Value (CSV) is a business concept suggesting to draw deep links between the business strategies and corporate social responsibility. Meaning that the competitiveness of a business and the well-being of the communities around it are mutually dependent. Since companies need a productively functioning workforce it is in their interests to thrive for
society’s development. For example, companies may sponsor the projects which aim to deliver health services, food quality research, or water resources distribution.
To find out more about corporate social responsibility, also to see which are top 0 companies with the best CSR reputation, read Business Georgia in October.