Bus 784_Chapter 18 Community And Corp

Front 1

Community

Back 1

Area of local business influence
city, town or rural area

Front 2

Community vs. Geographical Community

Back 2

community can refer to groups affected by organization's actions while
graphical community can refer to a broader sense (called site)

Front 3

Site Community

Back 3

geographical location of company operations

Front 4

Fence-line Community

Back 4

immediate neighbors

Front 5

Virtual Communities

Back 5

People who are connected to the company online

Front 6

Communities of Interest

Back 6

groups that share common interest with company

Front 7

Employee Community

Back 7

people who work near company

Front 8

Business participation desired by community

Back 8

-pay taxes
-provide jobs and training
-follow laws
-support schools
-support arts & cultural activities
-support local health care programs
-support parks & rec
-assist less advantaged people
-contribute to public safety
-participate in economic development

Front 9

Community Services Desired by Business

Back 9

-schools (quality education)
-recreational opportunities
-libraries, museums, theatres, etc
-adequate infrastructure
-adequate transport systems
-effective public safety
-fair taxation
-streamlined permitting services
-quality health care services
-cooperative problem-solving approach

Front 10

Civic Engagement

Back 10

active involvement of business and individuals changing and improving communities
civic pertains to cities or communities
engagement pertains to committed or involved in something

Front 11

License to Operate

Back 11

business must earn from society as a "right to do business"

Front 12

Social Capital

Back 12

norms and networks that enable collective action
"goodwill that is engendered by the fabric of social reforms"

Front 13

Community Relations

Back 13

organized involvement of business with the community

Front 14

Importance of Community Relations

Back 14

as derived from Center for Corporate Citizenship, most companies have:
-statement in annual report about commitment to community relations
-have written mission statements for CR programs
-factor community involvement into strategic plan

Front 15

Community Relations Manager

Back 15

interact with local citizens, develop community programs, manage donations of goods & services, work with local gov and encourage employee volunteerism
produce more social capital

Front 16

Community Reinvestment Act

Back 16

requires banks to demonstrate their commitment to local communities through low-income lending programs and to provide annual reports to the public

Front 17

micro-credit

Back 17

provide capital to individual entrepreneurs who would not normally qualify for loans
Yunus, nobel peace prize, 2006

Front 18

Community Relations commitment

Back 18

Economic development; crime abatement; education; housing; aid to minority employees; disaster, terrorism and war relief

Front 19

Corporate Philanthropy (corporate giving)

Back 19

businesses around the world give generously to communities through various philanthropic contributions to nonprofit organizations

Front 20

Gifts by Corporations

Back 20

can deduct from taxes if it does not exceed 10% of pretax income
europe lags behind US because less tax breaks

Front 21

Corporate Foundations

Back 21

nonprofits that handle charitable programs..
more uniform distribution
central group of professionals to handle grant requests

Front 22

Forms of Corporate Giving

Back 22

charitable donations--money
in-kind contributions-products or services (steadily increasing and surpasses money, deduct fair market value)
volunteer employee service-time (assist through unpaid work); skills-based volunteerism

Front 23

Priorities in Corporate Giving

Back 23

largest share to health and human services
education
civic & community orgs
culture & arts
environment

Front 24

How does giving contribute to corporate success

Back 24

Corporate Philanthropy Index (CPI) 1 to 5
based on stakeholders perceptions

Front 25

Strategic Philanthropy

Back 25

corporate giving that is linked directly or indirectly to business goals and objectives
meet needs of donor and recipient

Front 26

Areas of enhanced company competitiveness

Back 26

-factor conditions (supply of trained workers, physical infrastructure, natural resources)
-demand conditions (affect demand for a product or service)
-context for strategy and rivalry (open markets and fair competition)
-related and supporting industries (strengthen related sectors of economy)

Front 27

Other ways to benefit from contributions

Back 27

-draw on unique assets and competencies of business
-align priorities with employee interests (employees given a say)
-align priorities with core values of firm
-use hard-nosed business methods to asses gift impacts (goals have been met)

Front 28

Collaborative Partnerships

Back 28

voluntary collaboration among business, gov and civil society orgs to achieve specific objectives

Front 29

"Echo Boom" generation

Back 29

increase class sizes, less student attention

Front 30

Four waves of distinct periods of involvement by corporations with schools

Back 30

Conference Board said:
-direct involvement with schools
-application of management principles to school admin
-public policy initiatives in education
-collaboration for systemic reform (collaboration of bus, schools and gov)