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In a 2013 article, Pfitzer et al. add Dow Chemicals, Nestlé, Novartis, Mars and Intel to their "Who's Creating Shared Value" list. They cite, for example, a "cross-sector coalition" in Ivory Coast supported by Mars, which was established to "avoid looming cocoa shortages". [17] To create shared value companies should:-
Creating shared value, or CSV, is based on the idea that corporate success and social welfare are interdependent. A business needs a healthy, educated workforce, sustainable resources, and an adept government to compete effectively.
Social capital is a concept used in sociology and economics to define networks of relationships which are productive towards advancing the goals of individuals and groups. [1] [2] It involves the effective functioning of social groups through interpersonal relationships, a shared sense of identity, a shared understanding, shared norms, shared values, trust, cooperation, and reciprocity.
The sharing economy is a socio-economic system whereby consumers share in the creation, production, distribution, trade and consumption of goods, and services. These systems take a variety of forms, often leveraging information technology and the Internet, particularly digital platforms, to facilitate the distribution, sharing and reuse of excess capacity in goods and services.
Organizational culture encompasses the shared norms, values, behaviors observed in schools, universities, not-for-profit groups, government agencies, and businesses reflecting their core values and strategic direction.
In philosophy, economics, and political science, the common good (also commonwealth, common weal, general welfare, or public benefit) is either what is shared and beneficial for all or most members of a given community, or alternatively, what is achieved by citizenship, collective action, and active participation in the realm of politics and ...
For example, imagine there are several shepherds, each with their own flock of sheep, who have access to a communal field which they all use for grazing. As the sheep graze unhindered, they deplete the overall stock of grass in the field and there is less for other sheep to consume.
Social value is a concept used in the public sector and in philanthropic contexts to cover the net social, environmental and economic benefits of individual and collective actions for which the concepts of economic value or profit are inadequate. For example, UK public procurement legislation refers to "social value" in its requirement that ...