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Corporate Shared Value for the Wellbeing of Local Community

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Partnerships for the Goals

Part of the book series: Encyclopedia of the UN Sustainable Development Goals ((ENUNSDG))

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Definitions

Shared value can be defined as the company policies and operations that strive for achieving competitive advantage and at the same time enhancing the economic and social ramifications to the peoples where the company resides. It is a contemporary business philosophy with two-fold equally important objectives, to achieve a high business competitive level and community well-being. While the focus of Corporate Share Value is for a corporate organization to identify the social needs and to enhance both business and societal value within the supply chain and stakeholders. The participation of private corporations in community-based activities, particularly in Creating Shared Value programs, is necessary not only to create a more competitive market and improve the economic status of the disadvantaged but also to contribute to human resources and community development.

Introduction

Corporate Social Responsibility

The Corporate Social Responsibility (CSR) definition, based on The...

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Author information

Authors and Affiliations

  1. Graduate School of Business, Universiti Sains Malaysia, Penang, Malaysia

    Amir Imran Zainoddin

  2. Faculty of Business & Management, Universiti Teknologi Mara, Kedah, Malaysia

    Mohd Rizaimy Shaharudin

Authors
  1. Amir Imran Zainoddin
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  2. Mohd Rizaimy Shaharudin
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Corresponding author

Correspondence to Mohd Rizaimy Shaharudin .

Editor information

Editors and Affiliations

  1. European School of Sustainability, Hamburg University of Applied Sciences, Hamburg, Hamburg, Germany

    Walter Leal Filho

  2. Center for Neuroscience & Cell Biology, University of Coimbra, Coimbra, Portugal

    Anabela Marisa Azul

  3. Faculty of Engineering and Architecture, Passo Fundo University Faculty of Engineering and Architecture, Passo Fundo, Brazil

    Luciana Brandli

  4. HAW Hamburg, Hamburg, Hamburg, Germany

    Amanda Lange Salvia

  5. International Centre for Thriving, University of Chester, Chester, UK

    Tony Wall

Section Editor information

  1. Divinity School, Harvard University, Cambridge, United States

    Elena Shabliy

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Zainoddin, A.I., Shaharudin, M.R. (2020). Corporate Shared Value for the Wellbeing of Local Community. In: Leal Filho, W., Azul, A., Brandli, L., Lange Salvia, A., Wall, T. (eds) Partnerships for the Goals. Encyclopedia of the UN Sustainable Development Goals. Springer, Cham. https://doi.org/10.1007/978-3-319-71067-9_125-1

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  • DOI: https://doi.org/10.1007/978-3-319-71067-9_125-1

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-71067-9

  • Online ISBN: 978-3-319-71067-9

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