Skip main navigation

Glossary

This week's glossaries to help understanding for Social Entrepreneurship.

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)

This article is from the free online

Social Innovation in South Korea

Created by
FutureLearn - Learning For Life

Our purpose is to transform access to education.

We offer a diverse selection of courses from leading universities and cultural institutions from around the world. These are delivered one step at a time, and are accessible on mobile, tablet and desktop, so you can fit learning around your life.

We believe learning should be an enjoyable, social experience, so our courses offer the opportunity to discuss what you’re learning with others as you go, helping you make fresh discoveries and form new ideas.
You can unlock new opportunities with unlimited access to hundreds of online short courses for a year by subscribing to our Unlimited package. Build your knowledge with top universities and organisations.

Learn more about how FutureLearn is transforming access to education