What are the key challenges that SMEs face when implementing CSV?
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Small and medium-sized enterprises (SMEs) face several key challenges when implementing Corporate Social Responsibility (CSR) or Corporate Sustainability and Responsibility (CSV) practices. These challenges include difficulties in implementing moral legitimacy practices, such as those associated with employees, internal processes, environmental impact, product footprint, and top management . Lack of necessary expertise and resources also hinder the adoption and implementation of International Financial Reporting Standards (IFRS) for SMEs, leading to challenges in compliance and financial performance comparison . Additionally, SMEs encounter challenges due to market globalization and escalating competition, which can be addressed through the incorporation of blockchain technology to provide cost-efficient and transparent solutions . Furthermore, SMEs evaluating Enterprise Resource Planning (ERP) adoption face risks different from larger enterprises, and risk management is crucial for successful ERP implementation . Implementing ERP systems can help SMEs improve their management efficiency and competitiveness through information integration and sharing, but they also face problems and difficulties that require corresponding solutions and countermeasures .
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| Papers (5) | Insight |
|---|---|
01 Jul 2018 1 Citations | The provided paper is about the problems and countermeasures of implementing ERP in SMEs. It does not mention anything about the challenges faced by SMEs when implementing CSV. |
| The provided paper is about risk mitigation for SMEs implementing ERPs. It does not mention any challenges that SMEs face when implementing CSV. | |
1 Citations | The provided paper is about the opportunities and challenges of incorporating blockchain technology in SMEs. It does not specifically mention the challenges that SMEs face when implementing CSV. |
8 Citations | The provided paper is about the challenges faced by SMEs in adopting and implementing International Financial Reporting Standards (IFRS) for SMEs in South Africa. It does not mention anything about implementing CSV (Corporate Social Responsibility). |
| The provided paper does not mention CSV (Creating Shared Value) or any challenges related to it. The paper focuses on the challenges faced by SMEs in implementing moral legitimacy in their supply chain performance in crop production in Zimbabwe. |
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