Social Responsibility, Shared Value, and Business Modelling: An Integrated Approach

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Author(s): Alessandro Giosi (Lumsa University, Italy), Eleonora Zaccaro (Luxottica Group Spa, Italy)and Silvia Testarmata (Niccolò Cusano University, Italy)
Copyright: 2018
Pages: 22
Source title: Value Sharing for Sustainable and Inclusive Development
Source Author(s)/Editor(s): Mario Risso (Niccolò Cusano University, Italy)and Silvia Testarmata (Niccolò Cusano University, Italy)
DOI: 10.4018/978-1-5225-3147-0.ch005

Keywords: Business and Organizational Research / Business Science Reference / Environment & Agriculture / Sustainable Development

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Abstract

While more and more businesses incorporate sustainability in their core business strategy, there has recently been a shift from corporate social responsibility (CSR) to the notion of creating shared value (CSV). This thesis investigates the emergence of new hybrid enterprises and innovative business models. Starting from a literature review about CSR and its evolution into the “Big Idea” proposed by Porter and Kramer, the chapter will analyse the link between business and society, especially in the developing countries where this link is stronger. The main aim is to identify the most effective business models that enhance the competitiveness of a company, while simultaneously advancing the economic and social conditions in the communities in which it operates. The general idea is that enterprises should have longer-term perspective on how they operate in relation to the external society and environment, addressing societal needs and challenges through the business itself, within a business model.

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Social Responsibility, Shared Value, and Business Modelling: An Integrated Approach

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