Follow Us!

Subscribe to our Newsletter

9a1170da-eae9-4462-a06d-808b7a0c17aa

This is the content. This is demonstration text. Click 'edit' above to create your own content.

Corporate Philanthropy & Volunteering Blog

Current Articles | RSS Feed RSS Feed

Advisory Board Company Fills Prescription for Corporate Philanthropy

 

heartstethoscopeThis post was featured in Forbes.com.

It seems like everyone in this country has a complaint about the health care and education systems. The Advisory Board Company, however, makes its business looking for solutions in healthcare and higher education. The company works with over 93 percent of the best hospitals in the country, as ranked by U.S. News and World Report and the Leapfrog Group.

Indeed, making the world a better place is what The Advisory Board Company is all about. 

Launched in an apartment in 1979, The Advisory Board Company has grown to employ over 2,000 people in eight offices, including one in India and another in the United Kingdom. As a measure of its prioritization on corporate philanthropy, the company is one of the driving forces behind A Billion + Change, a national campaign to mobilize billions of dollars of pro bono and skills-based services from corporate America by 2013. For its part, The Advisory Board Company has committed to giving 2,000 hours of pro bono service to high-performing non-profits in education and health care. The company seeks to offer strategic guidance assisting these non-profits with business and financial strategy, operational efficiency, industry research and branding.  

It’s also a restless company when it comes to volunteer programs. The firm aims to do good and do well, and is constantly examining its own programs and those of others to find innovative ways to make positive change both on and off the clock in education and health care.

One way that The Advisory Board Company optimizes employee engagement is by providing such benefits as up to 10 days of paid leave for community service. An attractive prospect for recruiting new talent, the company originally placed young employees at the vanguard of their corporate volunteer programs. “We used to have what we call service leaders, who tended to make a difference with hands-on work," explains Graham McLaughlin, Senior Director of The Advisory Board. “Their contribution was fantastic, and it helped us graduate to a more focused group of senior department leads that we now have who are able to utilize our unique differentiators.” 

The Advisory Board is obsessed with maximizing good corporate citizenship.  As the company works in health care, it saw partnering with community clinics as a natural fit for the storehouse of skill sets its employees possess. The firm's work at one location became the jumping off point for a national pro bono initiative centered around other community clinics. Outside of health care, its work in education has 35 employees tutoring kids at a nearby school during lunch hour several days a week.

This October 1st, A Billion Plus Change will host its first campaign event on the west coast at L.A.'s California Endowment.  Leaders in policy, academia, industry and civic engagement will gather to showcase how innovative businesses are shaping the future of corporate service to tackle the major challenges of the 21st century. McLaughlin sees this event as an opportunity to focus on how The Advisory Board Company can inspire employees towards further volunteer action while also studying best practices of other comapnies.  “The purpose here is, ‘here’s what other firms did. Let us get your feedback and kind of buddy into the year.’” 

But like a good friend, The Advisory Board isn’t just going to tell A Billion + Change what it wants to hear. Indeed, the critical eye that the company puts on its own efforts (McLaughlin measures The Advisory Board’s impact as a “B+” and its CSR reporting as a “D-”) will be applied to its partners in corporate social responsibility. “There’s a lot of different problems that we don’t have answers for. One of the reasons I’m doing this is to ask, ‘What are the answers? What are the problems?’”

“I push A Billion + Change on this a lot,” says McLaughlin. While The Advisory Board recognizes the limitations of an inexperienced workforce, there are also advantages, and it’s hard not to ask to what degree this youthful component informs the company’s critical eye.

“We see our work in pro bono as just an extension of our everyday work in a different setting and a different context,” McLaughlin states.  Leveraging a highly engaged workforce is a constantly moving goalpost. The Advisory Board focuses on opportunities rather than challenges, however. “We’re still thinking this through,” says McLaughlin. “There really isn’t a model for our business. We have a different kind of service line.”

A Billion + Change has already secured nearly $1.8 billion in corporate pledges and 12 million hours of time and talent to pro bono programs.  If your company would like to take the A Billion Plus Change pledge, go to www.abillionpluschange.org for more information.

 

Related articles:

How Corporate Volunteering Yields "Good" Reality Shows

How Corporate Social Responsibility Alleviates Public Distrust

How To Get Your Employees To Stop Job Hunting

 

Subscribe to our Newsletter

 

 

Comments

Thanks for your Information, I like your blog very much, Well done.
Posted @ Friday, July 12, 2013 2:16 AM by Advertisement
The positive comments and do well wishes are very motivational and greatly appreciated.
Posted @ Friday, July 12, 2013 2:17 AM by Advertising
If you need more traffic to your website check out the website in my name. It really helped me and i think it can help your website.
Posted @ Friday, July 12, 2013 2:18 AM by Advertising agencies in Karachi
Hey your collection is outstanding; I never see such a type of collection before. Thanks for sharing it with us. Keep it up.
Posted @ Friday, July 12, 2013 2:18 AM by Advertising agencies in Lahore
Thanks to a brilliant effort in publishing your Information. One can be more informative as this. There are many things I can know only after reading your wonderful Information.
Posted @ Friday, July 12, 2013 2:19 AM by Advertising as profession in Estonia
Thanks for posting!
Posted @ Friday, July 12, 2013 2:19 AM by Advertising professional in Estonia
Very efficiently written information. It will be beneficial to anybody who utilizes it, including me. Keep up the good work. For sure i will check out more posts. This site seems to get a good amount of visitors.
Posted @ Friday, July 12, 2013 2:19 AM by Best advertising Agency in the world
Hey your collection is outstanding; I never see such a type of collection before. Thanks for sharing it with us. Keep it up.
Posted @ Friday, July 12, 2013 2:20 AM by Marketing Agency
I'm still learning from you, but I try to reach my goals. Since then enjoy reading all the information that appears on your blog.Keep come. Loved it!
Posted @ Friday, July 12, 2013 2:20 AM by Marketing communication strategy
Well, very good post with informative information. I really appreciate the fact that you approach these topics from a stand point of knowledge and information. This is the first time, I visited at your site and became your fan. You are bookmarked. Please keep on posting.
Posted @ Friday, July 12, 2013 2:21 AM by top advertising agencies in Pakistan
The firm's work at one location became the jumping off point for a national pro bono initiative centered around other community clinics.
Posted @ Thursday, August 29, 2013 2:23 AM by memoir writing
Post Comment
Name
 *
Email
 *
Website (optional)
Comment
 *

Allowed tags: <a> link, <b> bold, <i> italics