William H. Gates (1955- ) may be the greatest philanthropist of our time‚ if the sheer sum of wealth donated to philanthropic causes is the measure. By 2002‚ Gates had given sixty percent of his wealth to charity and contends that‚ over his lifetime‚ the total will be ninety-five percent. He is viewed as the twenty-first century’s Rockefeller or Carnegie. He earned his wealth as co-founder (with friend Paul Allen) and chief executive officer of Microsoft (a major software company and one of the largest
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are of no direct benefit to the business - ie. philanthropy. Cue the arguments about how CEOs should not be giving shareholders money away on their personal causes and projects. This is just dumb. Nobody says that marketing is not marketing if it benefits the business‚ or HR is not ’pure’ HR if its priorities align with the company’s strategic objectives. CSR is about managing changing expectations by society on the business - it is not philanthropy. On that basis‚ the whole suggestion that
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able to achieve this through his ownership of the Carnegie Steel Company‚ and his generosity that is described within his book‚ The Gospel Of Wealth‚ that discussed his views on how the wealthy had an obligation to give back to society. Carnegie’s philanthropy work was able to highlight his love for education by giving money for establishments of Libraries and foundations. Early life for Carnegie was not what most people expected it to be for a millionaire. Andrew Carnegie was not born in a wealthy
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SOCIAL RESPONSIBILITY OF PRIVATE SECTOR IN CONTEXT TO INDIA Introduction: the terminology of social responsibility What constitutes the “social responsibility” (SR) of enterprises and other organizations is difficult to define. The ISO Strategic Advisory Group on Social Responsibility (SAG) recognizes that there is no single authoritative definition of the term “corporate/organizational social responsibility‚” and does not seek to provide one. However‚ it notes that most definitions emphasize
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is defined as “a commercial activity by which business and charities or causes form a partnership with each other to market an image‚ product or service for mutual benefit.” The main reason for getting involved in Cause Related Marketing is not philanthropy. On the contrary‚ business gets benefited by linking with charities‚ at the same time that those charities are benefited as well and so is the consumer. We are talking about a scenario in which everyone wins. Studies show conclusively that CRM
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The thought of returning to a full life after my burn injury was one that stood taller than a mountain. I will forever possess sincere feelings for those who were there supporting and guiding me in my recovery from friends‚ doctors‚ nurses‚ and family. As I returned home from the hospital the front door to our house resembled a revolving door with friends and family constantly coming and going. The teachers from my high school personally called me to express their love and care‚ one even offered
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Bill Gates is the typical robber baron‚ making a lot of money through unfair strategy‚ blocking competition and other questionable practices. Once he has finally found himself in a good position he suddenly starts onto getting redeemed through his philanthropy. As written in “Bill
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Historical Perspective of Ethics of care Anupam Srivastava There is vague and indescribable meaning is attached with the word care‚ which is interchangeably used for caring‚ compassion‚ humanitarianism‚ altruism‚ beneficence‚ or philanthropy. “For where there is love of man (philanthropia)’‚ reads a famous passage in the pseudo-Hippocratic treatise Precepts (Precepts‚ 6)‚”there is also love of the art (philotechnia)[1]. The term “philanthropia’‚ means literally ‘Love of Mankind‚ original
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Approach”)‚ while at the same time addressing the expectations of shareholders and stakeholders. In this sense it is important to draw a distinction between CSR‚ which can be a strategic business management concept‚ and charity‚ sponsorships or philanthropy. Even though the latter can also make a valuable contribution to poverty reduction‚ will directly enhance the reputation of a company and strengthen its brand‚ the concept of CSR clearly goes beyond that. Promoting the uptake of CSR amongst SMEs
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Capitalism is the most justified economic system because it allows for competition and experimentation to further improve the standard of living for the public‚ and under the capitalist system individuals can work for their own rational self-interest while at the same time working for the greater good. In a capitalist system individuals create wealth by producing goods and services of value and do not use arbitrary force. Have great industrialists in history earned their wealth by theft and robbery
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