State Farm Insurance Company is the largest insurance company in the United States and is consistently recognized for their efforts to "build safer, stronger, and better communities." They have received numerous awards including Corporate Responsibility Index, Corporation of the Year, Outstanding Corporate Partner, and Top 100 Employers. Recently, State Farm received a President's Volunteer Service Award from Junior Achievement for providing more than 5,000 volunteer hours to the organization. The State Farm-Junior Achievement program impacts students by partnering with organizations to reduce high school dropout rates and increase the number of students receiving high school diplomas. Research has shown that students who graduate from high school will be more successful and productive citizens. In order to be successful, State Farm must be able to recruit and hire talented employees who have met minimum expectations for educational achievement. Through its partnership with Junior Achievement, State Farm Insurance Company has adopted a __________ approach to social responsibility.

Question

Quizplus · Accepted Answer

State Farm's partnership with Junior Achievement is an example of strategic philanthropy, which involves using company resources to make a positive social impact in a way that aligns with the company's business goals and values. In this case, State Farm is investing in educational initiatives that support their goal of hiring talented employees who have completed high school.

State Farm Insurance Company Is the Largest Insurance Company in the United