It took some time to achieve the product I was looking for, but we eventually got there. I do feel like a lot of hard work was put into this, and it even exceeded the page requirement. I'm pretty pleased overall. I give my thanks.
Reply to two prompts in 100 words each. No sites needed, these are just thoughts on the prompts.
(Original prompt for you consideration,
Discuss the difference between economic value and social value or the shared value creation framework.
Why do you think organizations tend to focus on the creation of one type of value but not both? )
Prompt 1: Economic value is the difference between the amount in which someone will pay for a product and the cost to produce the product. This number can change based on the cost of production versus the the demand for the product. While economic value focuses on the financial side, social value deals with societal needs. I think that in a perfect world, a company would focus on economic value and social value equally. But since businesses need capital to survive and grow, they tend to focus on the economic value. However, as companies grow, they tend to have an effect on the workings around them. This is where the social value begins to grow. Larger companies need to worry about their social standing (or value). They will have an effect on the society they reside.
Prompt 2: The definition for economic value is stated to be, “the value that person places on an economic good based on the benefit that they derive from the good”. Social value is stated to be, “the quantification of the relative importance that people place on the changes they experience in their lives”. From these definitions, I would argue that the difference between economic value and social value is economic value is viewed from the perspective of a person on how a product would benefit the economy or grow the economy. While social value is viewed from the perspective value of an individual’s life, meaning how a product or service could benefit them personally.
For a company to focus on both economic value and social value, a possible conflict could occur. Not everything that is beneficial to the economy is beneficial to an individual person. I would ask, how could focusing on both values benefit a company? Maybe in the long term focusing on the economic value could benefit the social value, but it could not happen right away.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more