There are four key elements of CSE, introduced as follows.
The 4 key elements of CSE are explained in details below.
Key element 1: Fostering an enabling CSE culture
For organisations to move from their old approach to CSR to the CSE approach they must adopt an entrepreneurial mindset and cultivate an entrepreneurial environment in order to integrate the social, environmental and economic values into its mission and strategy.
The organisation is a way of disseminating social, environmental and economic values through it structure and dynamics, for example:
-Introduction of performance indicators to measure the creation of social, environmental and economic values;
-Promoting participation in decision-making processes;
-Involvement of all organisational actors in promoting social, environmentaland economic values through their practices.
Key element 2: Promoting corporate social intrapreneurship
Individuals within the enterprise who are focused on fostering and bringing about the internal organizational transformation and innovation that moves the organization to more advanced state of CSR.
Key element 3: Amplifying corporate purpose and values
How to measure and assess those values?
Through non-financial reporting (Sustainability report, Environmental report, Social report, Triple bottom line report, Corporate citizenship report, Health, safety and environment report and Community report) (Iansen-Rogers and Molenkamp, 2008).
Key element 4: Building strategic alliances to co-generate value
