Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In a business world predominantly driven by the bottom line, corporate philanthropy has become difficult to justify. Organizations have found the need to be more

In a business world predominantly driven by the bottom line, corporate philanthropy has become difficult to justify. Organizations have found the need to be more strategic about their giving by aligning their corporate social responsibilities with their corporate philanthropy.* Motives behind philanthropy are often driven by external marketing and employee morale efforts, simultaneously increasing financial growth and improving society. Investing in the local education system, for instance, is philanthropic, but it ultimately improves the local workforce, thus improving a company's potential competitiveness and its bottom line.

  1. Identify a company that has donated generously to their local economy. What are their motives? What social benefits does their donation provide? What benefits does their donation provide to their own organization?
  2. Identify a company that is a leader in corporate philanthropy. What are they doing right? How are their donations benefiting society and themselves?
  3. How can organizations share best practices and learn from each other? How would that help the community as well as their bottom line?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Process

Authors: Lee Long

4th Edition

978-0201822939,0201822938

More Books

Students also viewed these General Management questions