Strategic dimension of corporate social responsibility

Received: September 24, 2015
Accepted: September 24, 2015
Authors: 
U. Balyk, M. Kolisnyk

Lviv Polytechnic National University marketynhu i lohistyky Department

А concept of social responsibility of an enterprise in the context of planning and implementing its development strategy is investigated in the article. Nowadays company competitiveness in related not only to the price of its products, production conditions, business conditions but also to its corporate social responsibility (CSR). The idea of CSR involves building the shared value and creating utility for both the company itself and the society or the environment. Thus, as the result of such efforts, there appear "balanced" products, in the sense of them being balanced both with short-term goals of enterprises and long-term goals of social existence, the environment. The article explains that it is important not only how the company generates its income but also how it uses the money earned. In practical terms the need arises to specify the reasons that make the company look better in the public eye than its competitors. It is proved that most managers perceive advantages of implementing principles of social responsibility at their enterprises primarily in the strategic perspective. It is justified that the concept of social responsibility goes beyond the functional strategy, contributing to the achievement of strategic goals. The positive role of CSR is also evident concerning the very method of forming the enterprise strategy. It is proved that CSR is a key tool to guide the company in developing its own development strategy. It is also confirmed that for the enterprise social responsibility strategy to be implemented properly, it should be based on true beliefs of the enterprise owners, managers and employees and reflect their declared values. One more dimension of competitiveness arising from the concept of CSR is considered, that of innovation. So in the sense of socially responsible business, but for implementation of new technological solutions in the form of new products, innovation should also contribute to improving the quality of existing products and services, improve their technical characteristics, improve methods of strategies implementation and the related procedures.

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