Model of business interaction in corporate social responsibility strategy

Abstract

In the current environment of increasing social and economic problems in Russian society, it is very important to increase the level of social responsibility of the business community and strengthen its institutional framework. The subject of the study is the organizational and economic relations that arise when corporations and economic entities interact in order to implement social responsibility. The paper begins with a presentation of the main theoretical approaches to defining models of corporate social responsibility of business. Elements of business social responsibility, a risk management system, and priority areas for forming a business social responsibility policy were identified. The novelty element of the research consists in building organizational and structural model of effective interaction between the management of the microsystem and mesosystem and the corporation on issues of social and economic development within the framework of the corporate social responsibility policy. The practical significance of the study is to determine the goals, objectives and principles of interaction between corporations and microsystem and mesosystems within the framework of corporate social responsibility. In addition, the areas and means of such interaction have been identified. The participation of the business community in the development of the social sphere should have a positive impact on maintaining social stability and economic balance.