Philanthropy and business: Do they work well together?

Philanthropy plays a big part in the operations of big companies. Many multinational corporations undertake humanitarian causes, and the total cost of these endeavors are in the billions. The trend is going up, which means that the companies have been increasing their giving to aid those in need.

The money deducted from employees’ monthly salaries comprise a huge percentage of the donations. This boosts a company’s image since it shows how much more charitable a company is – when the employees themselves are willing to contribute to a cause. And since a company’s image experiences a makeover, it does wonders for marketing and the business as a whole.

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Still sticking to philanthropy and large companies’ employees – it was found that employees would prefer to help out more if they are familiar with the charity, or the cause, and if there are no restrictions whatsoever on the opportunities when it comes to donating. Nowadays, those restrictions have little by little been eliminated by technology since the internet provides a lot of avenues by which companies can help charities.

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The existence of skeptics and cynics cannot be avoided, though. A lot of people still question the sincerity of corporate philanthropy. Businesses, after all, are capitalist in nature, and without a doubt, companies get something in return after giving to a cause. They would be crazy not to. This calls companies’ motives in question. But the more important question would be: would the world rather not have companies help out on important causes at all?

Adam Rosenfeld, who heads The Rosenfeld Group, is one of the most trusted financial advisors in the United States. Learn more about him and his firm by visiting this LinkedIn profile.

The Role Of Good Leadership In Business

“If the blind lead the blind, both will fall into a pit.”

For a business to achieve success, everyone in the organization – from the management to the staff – needs to be productive in doing the roles assigned to him. This is where good leadership comes in. Business goals can be met with effective leadership practices, while weak leadership can jeopardize the health of the business.

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It is the business owners who set the tone for the organization. Using policies and guidelines, they should be able to show employees how they are to do their jobs – efficiently and effectively. As leaders, they are tasked to provide everyone meaningful guidance.

Leaders not only guide but should also be able to motivate and inspire employees to work hard and smart, meeting what the organization needs from them. There are various ways to give motivation: through economic and non-economic incentives.

Another factor that fosters employee productivity is a positive environment, which boosts morale. A leader must create an atmosphere that encourages every team member to willingly cooperate in performing his responsibilities to the best of his abilities.

Furthermore, it is also critical that leaders themselves be action-oriented, crafting goal-based strategies and tactics with the mapped course of actions that everyone needs to follow.

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Adam Rosenfeld runs The Rosenfeld Group, where he and his team serve an elite group of ultra-high-net-worth individuals, businessmen, and families by offering them sound financial guidance. For more business articles, subscribe to this blog.