Research a Fortune 500 company, but do not use the same company you used for the Week 1 “Social Responsibility” assignment(Chevron ). Examine the company’s strategic philanthropy and how it impacts profits, brand, image and turnover, as well as society as a whole.
Also, address any disadvantages or associated costs the company experiences as a result of its strategic philanthropy practices.
Walmartâ€™s Strategic Philanthropy Name Affiliation/Institution Date Walmartâ€™s Strategic Philanthropy How Walmartâ€™s strategic philanthropy has impacted its profits, brand, society, image and turnover. Strategic philanthropy is a slice of a companyâ€™s CSR which primarily aims at giving material help to the society around the community. Walmart is one of the fortune 500 companies who have given huge sums of money to charity through strategic philanthropy. However, this same gesture has also been marred by a lot of criticism. Walmart has managed to use its community partnering mechanisms to market itself, venture into new markets, and subsequently, add on to their to