As we move towards the Post-2015 world, the way companies do business and how to be profitable is changing and evolving. If we look specifically at the influence of culture on these ideas, a growing trend has been emerging among areas of socioeconomic development and its relation to cultural heritage and value systems. Specifically through Public-Private Partnerships, what this paper will discuss is the growing necessity and advantages of sustainability practice in the emerging economies of the world, the vital role of the private sector in this process, and also the need for businesses to work alongside existing organizations that already promote social change and community welfare. By examining specific case studies from NGO to for-profit companies, the study aims to illustrate the underlying connection and potential of cultural and social factors of communities as they strive for inclusive, grassroots growth. The missing piece lies in access to proper assessment tools to produce numbers illustrating the economic impact of areas like cultural heritage, community involvement, and the creative economy. The research carried out evaluated existing methods of analysis, identified where gaps exists, and presented possible solutions for future research, through means of collected primary and secondary data. While the overall outcome of the research did not produce the concrete results desired at the initial start of the study, the potential for future continued research has already been solidified with partners and institutions.
Keywords: Cultural Heritage, Public-Private Partnerships, Socioeconomic Development, Sustainability, Grassroots movements
|School:||The American University of Paris (France)|
|Department:||Cross-Cultural and Sustainable Business Management|
|Source:||MAI 56/02M(E), Masters Abstracts International|
|Subjects:||Business administration, Economics, Sustainability, Social structure|
|Keywords:||Cultural heritage, Developing economies, Grassroots movements, Public-private partnerships, Socioeconomic development|
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