Problems of Development of Social Business
The article reveals corporate social responsibility, business socialization, the essence, meaning and criteria of social business. Appropriate generalizations were made on the various scientific and theoretical views of economists on the assessment of corporate social responsibility. The characteri...
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| Date: | 2021 |
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| Main Authors: | , |
| Format: | Article |
| Language: | English |
| Published: |
Інститут економіки промисловості НАН України
2021
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| Series: | Економічний вісник Донбасу |
| Subjects: | |
| Online Access: | https://nasplib.isofts.kiev.ua/handle/123456789/184889 |
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| Journal Title: | Digital Library of Periodicals of National Academy of Sciences of Ukraine |
| Cite this: | Problems of Development of Social Business / A. Abbasov, S. Abbasov // Економічний вісник Донбасу. — 2021. — № 4 (66). — С. 99-103. — Бібліогр.: 8 назв. — англ. |
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Digital Library of Periodicals of National Academy of Sciences of Ukraine| Summary: | The article reveals corporate social responsibility, business socialization, the essence, meaning and criteria of social business. Appropriate generalizations were made on the various scientific and theoretical views of economists on the assessment of corporate social responsibility.
The characteristics, basic principles and philosophy of social business are explained in detail. The philosophy of social business is based on the fact that the investor is not given dividends on profits received from entrepreneurial activity, he receives only the amount of money invested, and the rest of the investment is invested in business development and the implementation of socially significant projects.
The features of the formation of family farms (family business) as an important form of social entrepreneurship and development prospects at the regional level are revealed. Family business is a social business model in which family members participate in management and succession in family traditions. Famous family business firms have evolved and become large companies influencing the global economy.
In the Republic of Azerbaijan, ABAD (Simplified Support to Family Business) provides support to family enterprises in the field of arts and crafts, as well as business planning, marketing, design, finance, accounting and legal assistance. Certification of manufactured products according to the “one-stop shop” principle, organization of logistics and sales is carried out by ABAD. Suggestions were made to increase the role of social business in improving the welfare of the population and in the sustainable development of the national economy. |
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