Organization and Society: Understanding Corporate Social Responsibility and The Inclusive Business in The Peruvian Business Environment

Abstract

The concepts and terminologies that link the efforts of companies and society for poverty reduction are increasingly numerous and lend themselves to confusion, both conceptually and in their practical business applications. Terms such as inclusive innovation, inclusive business, corporate social responsibility, sustainability, and third sector-social enterprise, all, in essence, have some link between the vision of a business and its contribution to society through its management model. But in practice, that linkage does not mean that they have the same approach and objective.

The abundance of terms makes it difficult to create more dynamic progress toward the common goals established by the United Nations at the World Economic Forum in Davos (1999). These goals emphasize the relevance of collaborative contributions from the business sector for the preservation of social values and global economic progress, as well as sustainable global development.

In this work, our objective is to clarify two concepts of business management—corporate social responsibility and inclusive business—in the Peruvian Business Environment. This research is intended to generate clarity for future research that seeks to strengthen the link between business and society in Peru. We present, as an introductory framework, a brief review of scenarios related to world poverty, and, poverty in Peru.