Global Impact: Exploring Strategic Philanthropy by International Firms

Abstract

Strategic philanthropy has emerged as a significant aspect of corporate social responsibility (CSR) for international firms, enabling them to make a positive global impact. This abstract aims to explore the concept of strategic philanthropy, examining how international firms strategically approach their philanthropic efforts to maximize their social, environmental, and business outcomes. By examining case studies and best practices, this study will shed light on the various strategies employed by international firms to align their philanthropic initiatives with their organizational goals and global development priorities. The study will also investigate the challenges and opportunities faced by these firms in implementing strategic philanthropy on a global scale. Ultimately, this research seeks to contribute to the understanding of how international firms can leverage their resources and expertise to create sustainable and impactful philanthropic initiatives that address global challenges and contribute to the well-being of communities around the world. © 2024, IGI Global. All rights reserved.