Social Value in Business Essay Example | Topics and Well Written Essays - 500 words

Social Value in Business - Essay Example This paper outlines that the inferior methods and materials used for such huge promotion of goods turned the earth to a miserable planet, whereby leading the corporate sector to a disastrous future of unsettlement of business and accumulating loss of venture capital. In such a scenario, the concept of Social Value has to take the rein of the ethical chariot of global business. From this paper it is clear that companies now promote their classic style of involvement in socially oriented activities for their sustainability. Business giants across the globe now have identified that the core purpose of their work is not yet limited to making profit but also marginally focusing on the development of the human community. The new logical approach to business has paved the way for the introduction of many new schools of business thought; most basically, the two principles like corporate social responsibility (CSR) and creating social value (CSV) have been framed for the better approach of corporate entrepreneurs towards the society. While the CSR is a mandatory part of large organization under the guidelines of the government; Social Value creation is their intellectual investment in the long term profitability and sustainable growth of business. Under this new ethical mechanism, corporate structures have identified that creative approach to the promotion of a hea lthy social environment rewards them in the long-run with more popularity of the products and extended faith of stakeholders in every organization. Large companies like Coca-Cola and Dove Chemicals have already cut down their annual water consumption. Motor vehicle giants are on the run for fuel efficiency and lower levels of carbon emission. Johnson and Johnson has promoted improved healthcare policies and healthy time shift allocation to its employees for the assurance of a better and delivering workforce by minimizing the cost of hospital bills and post treatment.