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Management article
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Reference no. SMR64443
Published by: MIT Sloan School of Management
Originally published in: "MIT Sloan Management Review", 2023
Length: 8 pages
Topics: Leadership

Abstract

Strategic corporate philanthropy - voluntary giving that builds on a company's core competencies to both effect social impact and improve its competitive position - can be difficult for leaders to navigate. Based on their research, the authors have developed a framework to help business leaders determine whether a philanthropic project is a good fit for their organization. By asking the right questions, leaders can best decide what, how, and where to engage in corporate philanthropy.

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Abstract

Strategic corporate philanthropy - voluntary giving that builds on a company's core competencies to both effect social impact and improve its competitive position - can be difficult for leaders to navigate. Based on their research, the authors have developed a framework to help business leaders determine whether a philanthropic project is a good fit for their organization. By asking the right questions, leaders can best decide what, how, and where to engage in corporate philanthropy.

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