Received: 2021-03-15  |  Accepted: 2021-05-05  |  Published: 2021-06-30

Title

Strategic priorities for the formation of social responsibility of business


Abstract

The social function of business is most effectively implemented through the mechanism and tools of the concept of corporate social responsibility (high quality standards, responsible manufacturing, employee care, social and progress reporting, law-abiding cooperation with the state, transparent business, refusal to produce harmful to health products, etc.). The purpose of the paper is a comprehensive analysis of theoretical-methodological principles of corporate social responsibility, the dominants of its formation and implementation in modern world models, as well as substantiation of strategic priorities of Ukrainian socially oriented model of corporate social responsibility in the national economy. The fundamental methodological basis of the study is a set of methods of scientific cognition, the principles of dialectical, structural-functional and empirical approaches. It is argued that the Ukrainian model of corporate social responsibility is in its infancy. The specifics of the Ukrainian model of corporate social responsibility include the lack of basic principles of responsible behavior of enterprises throughout the country, weak motivation for such practices, lack of state support for the formation of the institutional environment of corporate social responsibility, significant corruption barriers. It will be effective to implement the model of corporate social responsibility within a socially oriented model, in which public institutions and the state play a key role, under conditions of minimizing the level of corruption and strict adherence to socially oriented strategic priorities of the country development on the basis of systematic monitoring, analysis and practical measures for qualitative improvement of macroeconomic indicators of the economy. Priority areas for effective formation of the national model of social responsibility of Ukrainian business have been identified.


Keywords

business, social responsibility, business transparency, national model, social report


JEL classifications

M21 , O35


URI

http://jssidoi.org/jesi/article/845


DOI


Pages

641-653


Funding


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Ushenko, Natalya
National Aviation University, Kiev, Ukraine https://nau.edu.ua
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Blyzniuk, Viktoriia
Institute for Economics and Forecasting NAS of Ukraine, Kiev, Ukraine http://ief.org.ua
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Dniprov, Oleksii
Office of the President of Ukraine, Kiev, Ukraine https://www.president.gov.ua
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Ridel, Tetiana
Sumy National Agrarian University, Sumy, Ukraine http://sau.sumy.ua
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Kurbala, Natalia
Oles Honchar Dnipro National University, Dnipropetrovsk, Ukraine http://www.dnu.dp.ua
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Journal title

Entrepreneurship and Sustainability Issues

Volume

8


Number

4


Issue date

June 2021


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

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References