How to Increase Business Competitiveness with Socially Responsible Practices

The CUTIS project and the Canada-Ukraine Chamber of Commerce hold a virtual round table for small and medium-sized businesses.

Michael Hopkins, Co-Founder and Fellow of Institute for Responsible Leadership (London), explained:

  • What is a socially responsible business (CSR)? How can SMEs implement CSR practices?
  • What is personal social responsibility?
  • Does treating your company’s key stakeholders responsibly make your business more competitive?
  • How to select your company’s key stakeholders and how to interact with them?

You can download Michael’s presentation via a link (in English).

Emma Turos, Executive Director of the Ukrainian office of the Canada-Ukraine Chamber of Commerce, provided practical tips (for Ukrainian SMEs) to adopt socially responsible business in operational and labour practices.

Moreover, Ukrainian businesswomen who have already successfully implemented CSR practices shared their success stories.

Yevheniya Lukash, the owner of Evgakids, children’s clothing company, shared her experience on how the positive interaction/collaboration with a competitor (i.e., external stakeholder) has strengthened her business.

Ruslana Ryamarska, the owner of the family-run bakery Budmo Zdorovi (Smakuli cookies) shared her company’s experience, including challenges, in implementing socially responsible employee practices (i.e., internal stakeholders).