Glossary

Before you start learning, look at some words related to collective impact.

CSR (Corporate Social Responsibility):

Corporate social responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders.

CSV (Creating Shared Value) :

Creating shared value (CSV) conveys the idea that a business must do two things simultaneously to be successful in the long-term: create economic value for both the company and the society. The CSV definition of the role of business in society has emerged with a clear focus on long-term thinking and aligning the interests of shareholders and societies for mutual benefit. CSV carries the idea that in order to overcome the profound and harmful disconnect between the needs of society and business, a business must create value for society alongside creating value for shareholders in order to be successful in the long term.

Collective Impact :

Large-scale social change which comes from cross-sector coordination rather than from the isolated intervention of individual organizations. If nonprofits, governments, businesses, and the public work together around a common agenda, then collective impact can be made to adress serious and complex social problems. This idea was proposed by John Kania and Mark Kramer.(Stanford Social Innovation Review, 2011)

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Social Innovation in South Korea

Hanyang University