What Are The Steps Towards Corporate Philanthropy

1. What Are The Steps Towards Corporate Philanthropy waterfieldadvisors.com

2. Recognize the motivations of your business. Different factors drive corporate philanthropy giving than they do individual giving. The objective of the business and private donation is to have an impact. But in the corporate world, the charity must also enhance an organization's financial line. waterfieldadvisors.com

3. Decide who the key players are. Any people or organizations that have an impact on or are affected by your company's operations are considered stakeholders. Employees, executives, directors, and (in closely owned companies) shareholders are internal stakeholders. Customers, neighbors, activists, suppliers, regulators, investors, public shareholders, lenders, media, community leaders, and organizations are external stakeholders. waterfieldadvisors.com

4. Get your stakeholders involved Then, find out from your most significant stakeholders what matters most to them when dealing with your business. Pay close attention to the responses and consider how your company and charitable goals might be addressed. Such discussions can turn stakeholders into friends and increase the growth and influence of your business. waterfieldadvisors.com

5. Create a comprehensive plan Companies spend a lot of effort and resources creating successful company strategies. Rarely has corporate philanthropy in India benefited from the same thorough research. Hence creating a comprehensive plan is important waterfieldadvisors.com

6. Debate with interested parties Make a thorough communications plan as part of your corporate philanthropic strategy. Too frequently, important internal and external stakeholders ignore a company's commitment to the community. waterfieldadvisors.com

7. Thank You… waterfieldadvisors.com