Identify and discuss two basic ways of business giving. 2.Discuss reasons for community involvement, various types of community projects, and management of community stakeholders. 3.Explain the pros and cons of corporate philanthropy, provide a brief history of corporate philanthropy, and explain why and to whom companies give. 4.Differentiate between strategic philanthropy, cause-related marketing, and cause branding. 5.Characterize the nature of, magnitude of, reasons for, and impacts of offshore outsourcing and business or plant closings. 6.Address steps that a business or plant might take before a decision to close is made. 7.Identify strategies that a business or plant might employ after a decision to close has been made. Integrate philanthropy into strategic goals and company mission. 2.Connect philanthropy with other community involvement programs. 3.Budget appropriately for philanthropy. 4.Ensure effective program infrastructure. 5.Formalize policies and guidelines for funding. 6.Involve employees in philanthropy-related activities. 7.Incorporate stakeholder communication. 8.Develop long-term business/nonprofit partnerships.