Strategic Philanthropy Benefits
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Discuss what strategic philanthropy is and why it is beneficial to organizations.
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Solution Summary
This solution defines the concept of 'strategic philanthropy' and the benefits it bestows to organizations.
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Strategic philanthropy refers to giving back to the society by an organization for gaining some competitive advantage over other organizations. As per the website dowelldogood, "Companies look to use philanthropy as a means to simultaneously and directly benefit their business interests and those of a beneficiary organization." As per hbr, "Corporations can use their charitable efforts to improve their competitive context- the quality of the business environment in the location or locations where they operate. Using philanthropy to enhance context ...
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