Intensity of the Business Competition

Running head: MANAGEMENT
Management
Name of the Student
Name of the University
Author Note

MANAGEMENT1
Table of Contents
Introduction:...............................................................................................................................3
Discussion:.................................................................................................................................3
Conclusion:................................................................................................................................5
References:.................................................................................................................................7

MANAGEMENT2
Introduction:
The significance of the corporate social responsibility has certainly increased in a
substantial manner in recent years and that is pretty evident with the fact that the modern
companies are prioritizing the alignment of their business activities with the requirements of
the customers (Wang et al., 2016). With a precise look at the intensity of the business
competition in mainstream business environment, it is understandable that the companies are
facing significant number of obstacles in achieving their growth. The increment in the global
business operations from the part of the majority of the business organizations influenced by
the evolution of globalization and Foreign Direct Investment, is considered to be one of the
fundamental reason for the increasing business competition in each and every business
industries (Iamsiraroj & Ulubaşoğlu, 2015). As a result, the companies face the necessity to
improve their ability in customer retention for the desired maintenance of the financial
sustainability associated with their business. In achieving the same, the role of the shared
value holds a crucial position. The study evaluates the utilization of the shared value in the
business activities and in the growth of the modern businesses.
Discussion:
The concept of shared value is considered to be a unique approach in the field of
corporate social responsibility. As mentioned earlier, the modern business society is seen to
experience a great level of business competition and that is primarily due to the increasing
number of entries in the business market. According to the comments of Agrawal (2015), the
introduction of the Foreign Direct Investment has certainly played a massive role in
eliminating the trade boundaries and that is visible with the increasing urge of majority of the
multi- national business companies in expanding their business operations. In addition to this,
Esposito, Groth and Tse (2015), claimed that the companies are facing the necessity of