Whether you own a small business or you are the CEO of a large corporation, it's important to focus on more than just your profits. Consumers are more likely to work with businesses that show they are socially and environmentally responsible. Understanding what that means and how to implement it is essential for ensuring your company thrives responsibly.

It may seem like an oxymoron to say that engaging in corporate social responsibility practices is good for a company and its bottom line. After all, philanthropic efforts are inherently meant to be “not for profit”, but rather an exercise in altruism.

Still, it is inevitable that there are direct and indirect financial implications of philanthropic acts on the company.