Figure 1.
The diagram illustrates the proper role of business in society as the intersection of three dimensions: value, accountability, and balance. At this intersection lie concepts such as corporate social responsibility, business ethics, stakeholder management, sustainability, and corporate citizenship. Together, these elements define how businesses should responsibly engage with society, balancing value creation, accountability, and equitable practices to maintain legitimacy and trust.Original value-balance-accountability framework with corporate digital responsibility
Source:Schwartz and Carroll (2008)