Porter’s concept of “Creating Shared Value” combines CSR with what other action?

Comprehensive and Detailed Explanation From Exact Extract of Documents:

Porter’s Creating Shared Value (CSV) concept integrates Corporate Social Responsibility (CSR) with

philanthropy (B), meaning that companies can generate economic value while simultaneously

creating social value for communities. The L5M5 study guide stresses that businesses can strengthen

competitiveness while advancing social and economic conditions where they operate. Unlike

traditional philanthropy, CSV embeds social impact into core business strategy rather than being a

peripheral activity. Procurement professionals can apply this by selecting suppliers who deliver both

economic efficiency and community benefits.

📖Reference: Managing Ethical Procurement and Supply (L5M5) Study Guide, section on CSR and

shared value