How do companies maximize the return on corporate philanthropy?
- What is corporate philanthropy?
- Philanthropic contributions
- Philanthropy and Strategy
- Strategic corporate philanthropy and marketing
- Philanthropy as investment
- What is the return on corporate philanthropy?
- Intangible and tangible returns
- How to maximize the return on corporate philanthropy
- Theoretical framework
- Shell and corporate philanthropy
- Research Method
- Shell and corporate philanthropy
- Do theory and practice match?
- Do theory and practice match
- Social investment vs. strategic philanthropy
- Return on philanthropy: Theory and practice
- Maximizing the return on philanthropy: Theory and practice
- Conclusions and recommendations
Corporate philanthropy has been common for the last 50 years. After the mid 1990’s companies started to align their philanthropy programs with the business interests. This results in a convergence of social and economic objectives: strategic corporate philanthropy. But what is the return on the contributions companies make in philanthropy? This thesis investigates the return on corporate philanthropy for companies, and how this return can be maximized. The literature on corporate philanthropy is discussed. In chapter 5 this theory is compared with the philanthropy program of Shell. It can be concluded that the philanthropy program of Shell corresponds to strategic corporate philanthropy as discussed in the theory. Return on philanthropy can be maximized when consumer loyalty, reputation and employee commitment are enhanced. Besides, cooperation with other organizations, international character and duration of the program influence the return on corporate philanthropy.
[...] As mentioned in section the philanthropic programs executed by Shell Group are subdivided over its subsidiaries and thus highly dependent on local influences Maximizing through employee commitment: theory and practice First, theory claims that to maximize return on corporate philanthropy, companies will need to focus on employee commitment. Employee commitment has been increased by involving employees in the philanthropic program. Companies do this by taking surveys, votes or rewarding employees for their volunteering efforts (Mullen, 1997). Shell’s strategy confirms what is stated in literature. [...]
[...] Problem Statement: How do corporations maximize the return on corporate philanthropy? 6.2 Recommendations References 1. Introduction 1.1 Problem Indication Decades ago executives of companies realized that they had a responsibility to society beyond the production and distribution of goods and services. Companies started to make philanthropic efforts to fulfill their social responsibility to the community (Wood and Jones, 1995). These philanthropic efforts consisted of charitable donations in cash, time, or in-kind gifts. Within the area of corporate social responsibility, philanthropic efforts were the first, most altruistic indicators (Edmondson and Carroll, 1999). [...]
[...] Rutherford Beyond Resources: The mediating effects of Top Management Discretion and Values on Corporate Philanthropy. Business & Society. Vol p.167-187 Burke, L., J.M. Logsdon, W. Mitchell, M. Reiner, D. Vogel California Management Review, vol p Burke,L. ; Logsdon, J.M How Corporate Social Responsibility Pays Off, Long range planning, vol.2 nr.4 (August) p.495-502 BBB Wise Giving Alliance 2003. Tips on charitable giving. (www.give.org) Carroll A.B The pyramid of Corporate Social Responsibility: Toward the Moral Management of Organizational Stakeholders. Business Horizons, vol p. [...]
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