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

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2
Q

Key Pillars of CSV

A
  1. Reconceiving Products & Markets : Develop products that meet societal needs e.g. health, sustainability
  2. Redefining Productivity : Improve resource efficiency and reduce environmental impact
  3. Building Clusters : Strengthen local economies through partnerships and infrastructure
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3
Q

Why is CSV important?

A
  1. Drives innovation and competitive advantage
  2. Enhances long-term business sustainability
  3. Addresses societal issues through scalable business solutions
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