BUS 101 Corporate Philanthropy Revisit

BUS 101 Corporate Philanthropy Revisit - or not these...

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Tom Hohman BUS 101 Professor Barr March 24, 2011 Corporate Philanthropy Revisit 1. Stakeholders in this case are members of the community. This is mostly directed towards youth to try to keep them from becoming criminals. By lowering crime in the community and making sure that the youth of the community have productive skills, the community will be more economically prosperous allowing for a greater flow of money and a safer place to operate in. 2. According Friedman’s view point this type of corporate donation would not be acceptable. This is because the company is taking cues from society and not from the economy. Freeman would say that this is exactly what a company should do because having a stronger community to operate in could lead to a stronger company. So it would depend on what view point one had as to whether
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Unformatted text preview: or not these interests are in conflict. 3. Friedmans theory would seem to say that unless there is a clear economic reason to give the money away it should not be done. If however he were to look at it as investing in the community with some way of possibly getting a return on it then it would be OK. But he also said that unless the community is directly informed of the companies intentions then it is dishonest to donate with ulterior motives. 4. Yes. It would say that the companies Social Responsibility should dictate what it does with its money. He would say that the community in which a company operates should always be taken into account when making decisions and helping to build a stronger community is the only way to do better business....
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