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DigitalCommons@USU
Other literature type . 2012
Data sources: DigitalCommons@USU
https://dx.doi.org/10.26076/c9...
Other literature type . 2012
Data sources: Datacite
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Social Business: Maximizing Economic Value to Create Social Value

Authors: Jensen, Melody Alene;

Social Business: Maximizing Economic Value to Create Social Value

Abstract

Throughout the world, there are problems threatening the lives and livelihood of humanity. Where there are problems, there are people who want to fix them. But charity has shown to be unsustainable and ineffective in creating positive change in the long run. Some companies have chosen to go beyond corporate philanthropy or "corporate social responsibility" by incorporating a social mission into the core of their businesses. The ideals and mission permeate through company goals and strategies. This new model of doing business seeks to sustainably create social value. But this undertaking would not be possible without creating economic value through the fulfillment of business level strategies. Not only does creating economic value enable the development of social business, the pursuit of social value can be conducive to building economic value. The purpose of this paper is to show how pursuing competitive strategies of price leadership and product differentiation builds economic value, which then allows companies to create sustainable positive social value and impact. Five businesses cases are presented that address social issues through the pursuit of different business level strategies.

Country
United States
Related Organizations
Keywords

Management Sciences and Quantitative Methods, social responsibility, business strategy, social value, 650, economic value

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green