“…Therefore, both authors anticipated a resolute solution and direction in the form of CSV. They argued that earlier tools like corporate social responsibility (CSR) are mainly used for corporate branding (Mahmood, Niazi, Asghar, & Hussain, 2021;Pratihari & Uzma, 2018), establishing legitimacy (Johansen & Nielsen, 2012), competitive advantage (Sohail, Iqbal, Asghar, & Haider, 2020;Yu, Kuo, & Kao, 2017), and improving performance (Singh & Misra, 2021), but the focus is little on the well-being of society, fixing societal issues, and creating value for society. They proposed a solution and argued that innovation and restoring the missing link between business & society (B&S) can be done if organizations adopt CSV as a central strategy to connect the profit orientation of businesses with social rationales and it can offer a design for a new business model that can tackle the legitimacy issue the contemporary businesses are confronting.…”