Question

Which of the following refers to developing policies and practices that enhance the competiveness of an organization while advancing the economic and social conditions of the community in which it operates?
A) the commons
B) a systems view
C) the triple bottom line
D) shared value
E) carbon footprint

Answer 1

Answer:

D) shared value

Explanation:

The business concept of Shared value is a management strategy applied by companies that seek to enhance its competitiveness by capitalizing on business opportunities that also provide economical and social growth to its surrounding communities. This practice should not be viewed as philanthropic since the business aspect is still very much involved in the process, despite looking to provide solutions to social issues. Both the companies and the communities "share" the value generated by such policies.