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Family and Corporate almsgiving: Emerging Trends In India THE FAMILY AND THE SOCIAL GOOD Authors professor K Ramachandran, Thomas Schmidheiny Chair Professor of Family Business and wealthiness Management at ISB and Rachna Jha, Research Assistant, encapsulate the genesis and harvest of philanthropy in India. The adage give a gay a fish, you feed him for a day; teach a man to fish, you feed him for a lifetime is at the totality of the difference between charity and philanthropy. sympathy derives from the Greek marge Philanthropos, which means the love of humanity (Philos-love and Anthropos-humanity or mankind). While the grow of charity are often religious or honorable in nature, philanthropy is based on broader humanitarian principles. Philanthropy broadly encompasses any altruistic activity intended to hang others, or the act of donating money, goods and services to support a socially beneficial or humanitarian cause, with no financial or material reward to the donor. More specifically, charity focuses on closure a current problem, or responding to an immediate need of an single or a group, whereas philanthropy aims to effect change finished giving.

It encompasses any attempt to deal with the problems of society as a whole, by preventing the conditions that created those problems and addressing the root causes of individual or collective needs. Philanthropy often relates to expression of ones values be they religious, cultural or personal. Families in India are in whatsoever ways microcosmic socio-economic systems, strongly embedded in their local anesthetic communities, and have a long tradition of giving to the poor, broken and destitute. Donating towards temple building, for instance, has been a favored charitable activity throughout history. Business families, for instance, do not focus only on achieving sustainable financial growth, but also on change a part of ISB INSIGHT ? their income for social good. Traditionally, companies have directly presumption to... If you want to get a full essay, order it on our website: Orderessay

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