Shared value creation focuses on identifying and expanding the connections between the societal and economic programs.

Question

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Shared value creation is a business strategy that involves identifying and leveraging the connections between social and economic programs to create mutual benefits for both society and the company. It aims to move beyond traditional corporate social responsibility practices and instead focuses on creating economic value while also addressing societal needs and challenges. Therefore, the statement that "shared value creation focuses on identifying and expanding the connections between the societal and economic programs" is true.

Shared Value Creation Focuses on Identifying and Expanding the Connections