In other words, The Guardian treats philanthropic donations as an important part of CSR/sustainability. It is unfortunate and counter-productive that this is the case-especially so since, essentially, this article also makes the case that such spending is not a very efficient investment for these firms. “When asked how many FTSE 100 companies make donations to charity every year, the average guess was just over another.
The truth is quite different – nearly every one of the FTSE 100 companies (98%) – record giving each year. It is hard to understand why this situation persists. Why is philanthropy still considered a substantial part of CSR? For some, without doubt, it is known as to be the principal element of CSR. But, this is ludicrous when you consider what it means. A common theme across definitions of CSR is the essential idea of “giving back.” In other words, how does the firm to create value for society, defined broadly.
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It never ceases to impress me that philanthropy is highly recommended by anyone to be the main vehicle in which a for-profit firm is supposed to “give back” to society. For-profit companies are effective value-creating organizations. Now, to be sure, that value it not consistently distributed (and we can debate how effective they are at present and exactly how effective they should be in a perfect world).
But, nevertheless, for-profit firms create the most value for society as a whole when they focus on what they are good at, which is core procedures. The conclusion of the story below is that companies would advantage more off their donations if they just do a much better job of communicating activity they are already doing (i.e., so that their donations become more widely known). What this article should have focused on is how much better off society would be if the companies just stopped offering charitable donations and, instead, invested that money in their core operations and product innovation.
Check out our forthcoming classes. We are getting closer to perhaps having two Beekeeping Institutes this season as several have expressed a desire to come to another one. We’ll keep you published. Sheri and I are back the Podcast Studio, producing podcasts again. We’ve a new one done!
Tell us if it’s the front leg, middle leg or calf of the honeybee back. Tell us the explanation for your answer. The first person with complete answer will win a Burns Bees Feeding System. I’m an adventurous person. Maybe that’s what got me started in beekeeping. What I love about beekeeping is that it’s not only helping to save the honey bee, but it’s fun.
Every time I inspect my hives it can be an adventure. The dictionary defines the portrayed word daring as “prepared to take risks or to try out new methods, ideas, or experiences”. Beekeeping keeps us energetic and thinking. It motivates me to work out in the fresh air and to get some good natural vitamin D. It provokes me to think, study, and tinker around with new ideas.