Since svanhildur's company is committed to corporate social responsibility but also understands that growth and profit are imperative for survival. The thing that svanhildur's company can do to achieve this balance is the company should use the shared value creation framework.
A concept called shared value was developed to help businesses find answers to social and environmental issues. In other words, it's a way to profitably accomplish your goals. And that's fine, if not crucial.
Corporate social responsibility (CSR) is a type of international private business self-regulation that tries to support charitable, activist, or philanthropic social goals by participating in or encouraging volunteer work or other morally upstanding behaviors.
Therefore, Making a profit is no longer at conflict with creating a better world according to Shared Value, which realigns doing good with doing good business. The secret to long-term sustainability is adopting this strategy, which will allow firms to endure and prosper in a changing economic environment.
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