contact@casleyindia.com 0124-4210631 Casley Consulting HQ
  • Home
  • Who We Are
    • About Us
    • Our Mission
    • CSV & Us
  • Services
    • About Reward Eagle
    • Reward Eagle Online Research
    • Reward Eagle Ecommerce
    • Reward Eagle Career
  • Blog
  • Career
  • Contact
CasleyIndia
CREATING SHARED VALUE (CSV)

September 13, 2019

Creating Shared Value (CSV) is a business concept introduced and expanded somewhere by 2011. Shared value is not social responsibility, philanthropy, or sustainability, but a new way for companies to achieve economic success. Shared value is a management strategy in which companies find business opportunities in social problems. CSV is often  confused with the phrase “Corporate Social Responsibility (CSR)” or with the idea of redistributing wealth; rather shared value focuses company leaders on maximizing the competitive value of solving social problems in new customers and markets, cost savings, talent retention, and more. Majority companies are now building and rebuilding business models around social good, which sets them apart from the competition and augments their success. With the help of NGOs, governments, and other stakeholders, business has the power of scale to create real change on monumental social problems.

Companies can create shared value opportunities in three ways:

#1 Reconceiving Products and Markets

Companies can meet societal needs through better serving existing markets, accessing new ones, or lowering costs through innovation and addressing unserved or underserved customers.

#2 Redefining Productivity in the Value Chain

Companies can improve the quality, quantity, cost, and reliability of inputs and distribution and practices in the value chain to drive productivity via better utilizing resources, employees, and business partners; thus driving economic and social development.

#3 Enabling Local Cluster Development

Companies operate in consonance with their surroundings and thus should boost productivity, innovation, and growth via improving the available skills, supplier base, and supporting institutions.

It began as a bold idea to redefine capitalism and the role of the corporation in society and is turning now into a movement. This shift from corporate social responsibility to shared value represents a discontinuity in thinking. Thus, we can say that CSV is the practice of creating economic value in a way that also creates value for society by addressing its needs and challenges. It’s a strategy for developing the future market while also strengthening economies, the marketplace, communities, and corporate coffers. Shared value focuses companies on the right kind of profits—profits that create societal benefits rather than diminish them.

CSV acknowledges both the work that corporations need to do to reduce negative impacts on society as well as how they can be part of progress on global challenges. The global tide is turning in favor of integrated reporting, and accountants have a fundamental role to play. The objective of an integrated report is to expose how an organization creates value over time, taking into consideration that this process is influenced by the company’s external environment and relies on multiple resources.

Please share your valuable inputs Cancel reply

Your email address will not be published. Required fields are marked *

*

*

More Articles

  • Facebook is building an OS for future devices
  • New Trend of Targeted Marketing at Internet/TV Advertising
  • US Cyber Monday sales to hit record $9.2 billion
  • Visa, MasterCard set to make Mobile Shopping easier
  • Bond Market in Indian Economy
  • The Google of e-Commerce
  • FMCG Firms tap Consumer Start-Ups to boost growth
  • Eco-Friendly Celebrations
  • How we succeed at our E-Commerce Business!
  • ONLINE RESEARCH
  • CREATING SHARED VALUE (CSV)

Categories

  • Business Skill
  • E-Commerce Trend
  • hot topic
  • Marketing Solution (Trend)
  • Online Research
  • Recruiting Trend
  • Shared Values
  • Sustain
  • sustainable
  • Sustanability
  • Trend
  • Uncategorized

Popular Tags

    Amavasya Blogs bond market cashback Celebrations commerce Competition Consumer Satisfaction Consumer Start Ups Corporate coupon credit market CSV currency Database Resesarch debt market Diwali e-commerce Eco-Friendly Economy Firewaorks FMCG global bond Green Crackers Growth india Keyword Search market money mortgage offers online research Online Surveys Product Research recruitment retainer rewards Scanner Research SharedValue SIFMA stock market Sustainability trade user value

Archives by Month

  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019

Please fill the below form and we'll reach back to you.

Please contact us if you have any queries.

Contact

India Address

Casley India Pvt. Ltd.

Address : FF12, 1st Floor, Augusta Point, Sector-53, Gurugram, Haryana 122002, INDIA

Phone : 0124-4210631

Email : contact@casleyindia.com

Head Office

Casley Consulting, Inc (Japan)

Quick Links

  • About Us
  • Blog
  • Privacy Policy
  • Values
  • Contact
  • T&C
  • Career
  • Graduate
  • Experience

Connect with Us

Feel free to connect with us by filling the form and we'll reach back to you.




© 2021. All rights reserved by Casley India Pvt. Ltd.