_____ is the synergistic and mutually beneficial use of an organization's core competencies and resources to deal with key stakeholders so as to bring about organizational and societal benefits.
A)Social responsibility
B)Business ethics
C)Corporate philanthropy
D)Strategic philanthropy
E)Cause-related marketing

Question

Quizplus · Accepted Answer

Strategic philanthropy involves the use of an organization's core competencies and resources to deal with key stakeholders for both organizational and societal benefits. It differs from traditional corporate philanthropy by strategically aligning with the company's objectives and creating shared value for both the company and society. Social responsibility refers to the obligation of a company to act ethically and contribute to the well-being of society, while business ethics is the study of how businesses should behave ethically. Corporate philanthropy involves charitable donations, and cause-related marketing is a marketing strategy where a portion of sales is donated to a specific cause.

_____ Is the Synergistic and Mutually Beneficial Use of an Organization's