The principle of corporate philanthropy dictates that a corporation should allocate some of its money to social-improvement projects. It may be achieved as a direct project of the company or as a project from a specific philanthropic branch of it. The company can provide a variety of resources to be made use of for philanthropic causes.
There are a lot of companies doing this and most are from the big corporations. The businessmen do this in order to make sure that they can do their share, so to speak. This can be a profitable venture for the business in many ways.
Corporations donate millions of dollars to nonprofit organizations each year. The interest in philanthropy is not all purely non-self-interested, of course. Others also take the to at heart and donate some of their profit to help the well-being of their comrades.
The biggest donations are usually from the biggest companies, naturally. This practice helps in improving their company’s position competitively, as well as develops their financial performance. A good number of the present foundations that run on donations are attached to large corporations.
The Daniel Chavez Moran charity foundation is well-known throughout the country. He is among the most well-known of Mexican businessmen, although he has recently retired. The man is also popular for all that he has done to improve the Mexican educational system.
He is one of those professionals who promotes ethics even in commerce. This has been seen in his work in and out of the office. The man believes that it is in constructing both a strong and ethically-admirable group that one makes a company worth keeping.
It is with such principles that the he formed foundation called Grupo Vidanta. Latin American economic, educational, and social troubles are discussed and addressed by this group. Moran's claim is that these organizations are good for a corporation.
It helps the company by encouraging greater positive presence in front of the media, among other things. It may also encourage employees to be more involved in the activity. Consumers with great regard for such things may also end up being drawn to the company's products.
Moran's contribution here has included introducing the incentive of permitted time away from the office for employees going to help with philanthropic projects. Personnel with strong ethics can thus indulge in their beliefs without harming their work attendance records. Workers at Moran's company have also been advised to try to look for donatives where they can for various charitable shelters.
Daniel Chavez Moran is just one of those corporate philanthropists that have a strong desire to contribute to the community. His munificence has driven others to contemplate similarly charitable acts, in fact. Charitable actions are naturally to be admired, for they profit so many in the long run.
Daniel Chavez Moran has been a good example to other businessmen in his success in balancing community work at the same time making profits. See my latest post.
