Read the case study: The impact of operational diversity on corporate philanthropy: an empirical study of U.S. companies. In a single Word document, minimum 7 full pages (excluding cover page and citations), APA format, answer the following questions. Use the questions as section headings.
- Identify the key issue or issues.
- Specify alternative courses of action.
- Evaluate each course of action.
- Recommend the best course of action
Requirements: in-depth example
Corporate philanthropy or giving is quickly becoming a vital determinant of organizational success, particularly in today’s highly competitive and dynamic business environments. More and more organizations are aligning their business goals and resources with philanthropy (Kabongo et al., 2013). Corporate philanthropy refers to organizations giving part of their resources and profits to non-profits to improve the welfare of the communities they serve (Kabongo et al., 2013). Unlike corporate social responsibility, corporate philanthropy extends beyond the confines of a society’s statutory or legal requirements seeking highly desirable developmental initiatives. Essentially, this means that corporate philanthropy is a discretionary responsibility over and above the ethical, legal, and economic obligations organizations have to society and the communities they serve (Kabongo et al., 2013). This dynamic relationship between communities and organizations has evolved over the years. These shifts can be largely