...I am honored to have been tasked to enclose Costco Wholesales’ “Philanthropic Contributions 2018 Investigation Report.” The report that has been undertaken by myself, contains specific information and resources from my research on why Costco Wholesale should establish a philanthropic effort in specific charity organizations. The information investigated will focus in on which organization our company should support, trends in other philanthropic companies, benefits of being a philanthropic company, requirements from our company, and my recommendations. This report will also include all of my findings and background statistics on philanthropic organizations. It is my goal that this report will inform my readers the overall benefits this proposal will have on Costco Wholesale and substantially persuade the project management team to implement this new opportunity. Please let me know if you have any questions regarding this investigation report. I can be reached at (908) 867-0909 and by e-mail jennanudo@costcowholesale.com. This report will be made public for the Project Management Department on May 3, 2018 at www.costcowholesale.com/philanthropoiccontributions/report...
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...the most important responsibilities that a company has. If they are irresponsible with their finances, they will be unable to stay in business. Company Q is also unwilling to donate day old merchandise because of a risk of lost revenue from fraud also demonstrates a focus on the economic responsibility of the company. Economic responsibility is oftentimes in conflict with ethical and philanthropic responsibility and such a focus on economic responsibility may hint that there will be a low level of those types of responsibility. Legal The legal responsibilities have been adequately met by Company Q. The given does not indicate that they are breaking any laws. Legal responsibility requires that a company follows all laws that are laid out by the local, state, and federal governments. Company Q does not seem to have an attitude that is out of line with their legal responsibilities. Ethical Ethical responsibility deals with whether or not a company does what is right by society’s standards. This oftentimes goes above and beyond what the legal responsibility is and goes hand in hand with philanthropic responsibility. The closing of two stores that have historically had high crime rates may be interpreted as ethical responsibility if one of the motivating factors to close the stores was protecting their employees. Society would...
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...Small Businesses Contributing to Charity: Are Tax Deductions the Only Advantage? Introduction “Despite significant progress made in some developing countries, almost half the current world population continues to live in poverty. The world population today stands at about 6.6 billion people and is expected to grow to at least 9.2 billion by the year 2050” (Leisinger, 2007). Giving to non-profit organizations not only helps United States citizens, but people all over the world. Without individuals, large corporations, and small businesses donating to nonprofit organizations the poverty population will only increase. What is a Small Business? “To be considered a small business on average the company has to have no more than 500 employees, and the most any small business can have is 1,500 employees (U. S. Small Business Administration, 2014).” When people think about small businesses, they think of the mom and pop stores within their community. However, small businesses are the majority of whom customers give their business. “According to the United States Small Business Administration’s (SBA) Office of Advocacy, 99.7 percent of all U.S. firms are small businesses (Cooper, 2012).” What is a Nonprofit Organization? A non-profit organization is an organization whose efforts are driven to generate a profit for a chosen cause. Non-profit organizations can be classified into five central categories: trade associations, charitable organizations, social clubs, government...
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...Ethical Marketing In the ever-increasing world of gaining a competitive advantage through marketing, companies must find ways to communicate their message in an ethical manner. By maintaining a high level of ethics and a sound commitment to corporate social responsibility, companies are can grow respectable brand images in their efforts to build brand reputation. One such company in the insurance industry is AFLAC. Understanding and applying the six pillars of the marketing code of ethics enables companies like AFLAC to grow a better business and a bigger bottom line. Maintaining this competitive advantage in the insurance industry also requires AFLAC to be ever more diligent in exploring new opportunities for green initiatives and philanthropic commitments. Company Background AFLAC is not a typical supplemental insurance company. “AFLAC products have given policyholders the opportunity to direct cash where it is needed most when a life interrupting medical event causes financial challenges” (Aflac, Incorporated, 2009, p. 1.). The company has increased historically annual dividends for more than 26 years and is a Fortune 500 company. The company has built a recognized reputation for ethical business practices in its industry. “AFLAC has been recognized by Ethisphere magazine as a World’s Most Ethical Companies for seven consecutive years” (Aflac Incorporated, 2013, p. 1.). Business media consistently rates the company as one of the most admired businesses for which to work...
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...The four main dimensions of corporate responsibility For CSR to be accepted by a conscientious business person, it should be framed in such a way that the entire range of business responsibilities is embraced. It is suggested here that four kinds of social responsibilities constitute CSR; Economic, Legal, Ethical and Philanthropic. These four categories or components of CSR are commonly depicted as a pyramid . Economic Responsibilities A company's first responsibility is its economical responsibility. As such, its principal role is to produce goods and services that consumers needed and wanted and to make an acceptable profit in the process. A company needs to be primarily concerned with turning a profit. This is for the simple fact that if a company does not make money, it cannot stay afloat, employees will lose jobs and the company will be unable to take care of its social responsibilities. At some point the idea of the profit motive got transformed into a notion of maximum profits, and this has been an enduring value ever since. All other business responsibilities are predicated upon the economic responsibility of the firm, because without it the others become moot considerations. The table below shows the components of economical responsibilities | Components of Economical responsibility | 1. | It is important to perform in a manner consistent with maximizing earnings per share | 2. | It is important to be committed to being as profitable as possible | 3. | It is important...
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...Abstract This essay examines the basics of crafting and executing one of the corporate strategies – corporate philanthropy. Philanthropic and community-targeted activities of one NHL organization, Vancouver Canucks, are analyzed in light of the currently accepted strategic philanthropic practices. Current approach to strategic philanthropy Numerous companies and individuals consider philanthropy at various stages through life and business development cycles. Initial intent to support community in some of the activities, helping charities with money or time or organize money drives for a good cause may be spontaneous and not sustained. It may bring a feeling of self-confidence, feelings of being helpful or righteous, but recently such activities have been reviewed from the organizational point of view; how the impulse actions or the well-thought acts could become a long-term planned corporate strategy. Currently, many business owners feel some kind of responsibility to the society. It could be involving local community when setting up new business in a new area – be it additional employment opportunities, or reviving some neighborhoods with establishing business, or simply getting involved with the community to find other mutual benefits, usually non-monetary. There could be long-term and short-term economic impacts of company’s decisions, especially if a business forms the backbone of some towns. Workforce reductions would immediately impact the population, so companies...
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...BA 2196: Business Communications Syllabus Instructor: Dr. Larry Bailis Email: lbailis@temple.edu Office: Speakman 208K Office Hours: Monday, Wednesday 4:30 – 5:30, or by appointment Course Objectives You will learn useful and relevant business communication skills, including: * how to write clearly and how to effectively edit your own writing * how to target a results-oriented business audience using business documents, websites, and correspondence * how to formulate reasoned oral arguments and enhance your presentations * strategies to enhance critical thinking and analytical skills The Fox School understands that our graduates must meet the highest standards in these skills, and this course will be demanding. Fox BBA Learning Goals Business Communications supports the following Fox Bachelor of Business Administration Learning Goals: 1. Apply critical thinking to business problems a. Use cross-disciplinary knowledge to identify problems and their causes, generate alternative solutions, and arrive at reasoned conclusions. 2. Demonstrate effective oral and written communication a. Formulate reasoned arguments orally. b. Formulate reasoned arguments in written communication. c. Apply team-work and communication skills to present and support conclusions. 3. Understand the ethical, legal, and social responsibilities of individuals and organizations. a. Understand ethical issues. b. Assess the impact of...
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...Sustainability is related to public health and concepts such as social justice and socioeconomics. Therefore, philanthropic organizations focus their issues, strategies, and resources on policies that aim for the improvement of well-being and regimes of neoliberal governance. Thus, the mandate for profit drives philanthropic organizations to turn the problem of poverty into a problem of entrepreneurialism. Those in poverty whose financial crisis is exacerbated through disasters are turned into market opportunities for profit. Government funding fuels capital accumulation in the corporate sector at the expense of many communities. Drawing on the Katrina disaster in New Orleans, Adams writes that neoliberal policies were put in place that enable...
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...humanity such as charity, volunteer social works or donating money for cancer research (Moore, 2009, p.1). Company can increase their image as well as show the social responsibility side of the firm. Philanthropy is used by most companies as a marketing strategy (Goozner, 1997). Moreover, philanthropy program is designed to create the significant impact to company, particularly make good relationship between company and community (Hoyt, 2003). Companies conduct philanthropy for several reasons, it could be personal benefit for managers, social responsibility or marketing strategy. Whatever the reason, engaging philanthropy is the best manner to integrate with society in order to build company value, culture and employee spirit (Vise, 2005). Philanthropic efforts also reflect wealth companies and strong management and give them a competitive advantage over other firms (Christina, 2005). 3. Relevance to Hit Hot company. In real business world, Hit Hot company have to face with other competitors, thus it is important to make a difference from its competitors. Philanthropy is a solution to create competitive advantage for a company through the relationship with society (Duschinsky, 2009, pp.120-124). Hit Hot does its business by providing services, intangible products, so conduct a promotional activity is significant. Therefore, philanthropy is highly...
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...Statement of Values and Code of Ethics for Nonprofit and Philanthropic Organizations This document was drafted by a special taskforce of the INDEPENDENT SECTOR Ethics and Accountability Committee, distributed to IS members for review over a four-month period from October 2003 through January 2004, and approved by the IS Board of Directors on January 29, 2004. It constitutes the Statement of Values and Code of Ethics that IS will use for its own work. In addition, the Board of Directors of IS encourages IS members, and the field as a whole, to use this document in either drafting and adopting your own statement of values and code of ethics or, for those who have already done so, reviewing and revising, as necessary, your statement of values and code of ethics. As stated within, IS believes that each and every organization in the independent sector should have a code of ethics. IS firmly believes that the process by which a code is adopted is as important as the code itself, and that the board and staff should be involved in developing, drafting, adopting, and implementing a statement that fits Covenant Partners’s unique characteristics. Going through this process with the board and staff also begins to infuse into the culture of Covenant Partners a recognition of how important it is to address issues of values and ethics on an ongoing basis. We encourage all organizations to set aside time in your board meeting or at a retreat to discuss in detail all aspects of an ethical code—and...
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...Amy Huddleston Kimberly Gleason BA_3300 Business Cornerstone – Spring 2016 14 April 2016 Corporate Social Responsibility (CSR) Introduction Companies by the virtue that they are considered to have influence in the economy of the region they are situated and beyond, also have the moral responsibility to give back to the same community that is hosting them after having fulfilled their needs. This is because they have more financial influence than the individuals combined in the place they are situated. This voluntary development that a company undertakes to the favor of the community hosting them and beyond to improve the social status, after having met their own, is known as the corporate social responsibility. This paper tries to look into the PepsiCo corporate social responsibility. PepsiCo as a company majorly dealing with refreshments has been of great assistance to the communities that are situated in the regions where it is situated and the branches worldwide (Dorfman et al. 45). Before the company gets situated in a place and starts offering corporate social responsibilities to the external community, it has to fulfill its internal needs first that make it stable. The following are the stages of corporate social responsibilities that the company fulfills in the whole cycle of the CSR. Economic Responsibilities Firstly, the company has to make sure that it has the right amount of finance in internally operating its activities without dependence on other external sources....
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...and provide jobs to members of the community. Unfortunately, because of the high crime rates, Company Q has taken and apathetic view towards the community. This is displayed through their response to requests made by members of the community. It has taken several years of customer requests for the chain to begin carrying specialty high profit items. Members of the local food bank have asked for donations of day old food and Company Q decided not to donate citing that fraud and stealing would arise through possible deception from employees. Overall, the company displays a mediocre attitude towards social responsibility and can improve in a variety of ways. Company Q can improve their social responsibility through economic, ethical, and philanthropic means by developing customer loyalty, employee commitment, and being a good neighbor to the community. For many years customers had asked for specific health-conscious items before the company considered bringing the items for sale. This lack of response displays a poor attitude towards customers needs and must be improved. Company Q should implement a new system wherein when a specific item is requested by five or more customers in one month that item will be considered to stock for sale. The company will need to evaluate the profit and loss possibility of the products and high margin items should be stocked immediately for sale. This will also increase Company Q’s economic standing with its shareholders allowing them to...
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...human welfare and advancement, usually manifested by donations of money, property, or work to needy persons, by endowment of institutions of learning and hospitals, and by generosity to other socially useful purposes. But I wonder are all acts of philanthropy ethical? I think philanthropy is a wonderful thing and arises when government does not assist and it fills in the necessary gaps as need be, but philanthropy I think is use to influence decisions also. I search the web for some examples and I found this and I wanted to share. Social activists frequently criticize philanthropic contributions by corporations whom activists consider "suspect". An example is the Harvard, Exxon, and South Africa case. Harvard University divested itself of Exxon’s stock after pressure and accusations that Exxon's doing business in South Africa contributed to apartheid. But when asked if they still wanted to receive philanthropic contributions from Exxon, Harvard said "yes". Some considered this morally inconsistent. If Harvard remained a stockholder, it could have voted to stop operations in the country. Instead it walked away. Exxon did in fact stop doing business in South Africa, as did other companies like Xerox, thereby costing employees their jobs and South Africa several contributors to a healthy economy. On the other hand, the international embargo against South...
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...Carroll, Archie B. The Pyramid of Corporate Social Responsibility: Toward the Moral Management of Organizational Stakeholders, Business Horizons, July-August 1991 For the better part of 30 years now, corporate executives have struggled with the issue of the firm’s responsibility to its society. Early on it was argued by some that the corporation' sole responsibility was to provide a maximum financial return to s shareholders. It became quickly apparent to everyone, however, that this pursuit of financial gain had to rake place within the laws of the land. Though social activist groups and others throughout the 1960s advocated a broader notion of corporate responsibility, it was not until the significant social legislation of the early 1970s that this message became indelibly clear as a result of the creation of the Environmental Protection Agency (EPA), the Equal Employment Opportunity Commission (EEOC). the Occupational Safety and Health Administration (OSHA), and the Consumer Product Safety" Commission (CPSC). These new governmental bodies established that national public policy now officially recognized the environment. employees, and consumers to be significant and legitimate stakeholders of business. From that time on, corporate executives have had to wrestle with how they balance their commitments to the corporation' owners with their s obligations to an ever-broadening group of stakeholders who claim both legal and ethical rights. This article will explore the nature...
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...Table of contents Acknowledgements Statement of Authorship Abstract 1.0 Introduction 1 2.1 General Introduction 1-2 2.2 Background to the problems 2-3 2.3 The Objectives of the study 3-4 2.0 Literature Review 5 3.4 Definition of CSR 5 3.5 The Evolution of CSR 5-7 3.6 Carroll’s 4 Components Pyramid CSR 7 3.7.1 Philanthropic Responsibility 7-8 3.7.2 Economic Responsibility 8 3.7.3 Legal Responsibility 8-9 3.7.4 Ethical Responsibility 9 3.7 CSR in Malaysia 9-11 3.8 Business Benefits in CSR 11 3.9.5 It protects the company’s brand reputation and image. 11-12 3.9.6 It differentiates the firms from the competitors. 12 3.9.7 It reduces government scrutiny and regulations. 12-13 3.0 Research Methodology 13 4.9 Research Approach 13 4.10 In-Depth Interview 13-14 4.11 Research Design 14-15 4.0 Results 15 5.12 Demographic/ Sample Characteristics 15 5.13 How Do Consumers Define CSR? 16-17 5.14 Is CSR an Important Purchasing Decision Factor? 18 ...
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