According to Porter and Kramer,the Concept of Shared Value Refers

question 44

Multiple Choice

According to Porter and Kramer,the concept of shared value refers to:

• A) techniques or market-based solutions that are at the center of a business and help the company to gain an advantage over its competitors.
• B) policies and practices that focus mainly on creation of goods and services for profit by privately owned businesses.
• C) policies and operating practices that enhance the competitiveness of the company while simultaneously advancing the economic and social conditions in the communities in which it operates.
• D) techniques or market-based solutions that help in balancing the world's energy needs and environmental integrity.

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Definitions:

Organization

An entity comprising multiple people, such as an institution or an association, that has a particular purpose.

Formal Organization

The official, legitimate, and most visible part of the system.

Logical Thinking

A method of reasoning in a structured and systematic manner to arrive at valid conclusions based on factual premises.

Employee Bonding

The development of strong, positive relationships among coworkers that can enhance teamwork and morale within the workplace.