Model for evaluating the efficiency of a socially responsible business entity

Abstract

The aggravation of transformational contradictions under the influence of globalization and integration processes actualized the need to form a new social development paradigm. Achieving quantitative growth is giving way to ensuring sustainable development within the global economy, which can be implemented using the corporate social responsibility strategy. In Ukraine, the problem of socially responsible behavior of business entities, particularly the education system, which is expressed primarily through training a modern specialist, has become actualized. Even before Russia started the war in February 2022, positive processes toward expanding social responsibility among business structures were observed in the state, expressed in joint projects, educational, and grant activities. At the same time, corporate social responsibility was primarily declarative. In hostilities and the presence of an economic crisis, most domestic business entities were quickly, forcibly, or gradually forced to curtail their charitable and social projects. In contrast to existing research on the social responsibility of business entities, it is proposed to evaluate the effectiveness of their functioning by individual components, considering the educational component. The work uses the toolkit of economic analysis, which made it possible to assess the effectiveness of the socially responsible behavior of the business entity. The practical value of the research consists of establishing the relationship between various participants in market relations, considering each participant's social responsibility for the results of their activities. Social responsibility is helpful for everyone - the state, society, and business, because, as a result, the standard of living of the population increases, the infrastructure develops, the socially conscious attitude of citizens toward the environment takes place, and a corporate culture of management and interpersonal communication is formed. Keywords: corporate social responsibility, business entity, Ukraine, business structures, education.