Creating Shared Value (CSV) Flashcards
1
Q
What’s Creating Shared Value (CSV)?
A
A business strategy where companies generate economic value by addressing societal challenges
Purpose : Align profitability with social progress for mutual benefits
2
Q
Key Pillars of CSV
A
- Reconceiving Products & Markets : Develop products that meet societal needs e.g. health, sustainability
- Redefining Productivity : Improve resource efficiency and reduce environmental impact
- Building Clusters : Strengthen local economies through partnerships and infrastructure
3
Q
Why is CSV important?
A
- Drives innovation and competitive advantage
- Enhances long-term business sustainability
- Addresses societal issues through scalable business solutions