LECTURE 12 - SOCIAL AND SUSTAINABLE MARKETING Flashcards

1
Q

Define ethics in marketing

A

emphasizes “good ethics is good for business” but acknowledges grey areas

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2
Q

define social marketing

A

aims at behavior change for social good, differentiating it from traditional marketing focused profits

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3
Q

define corporate social responsibility (CSR)

A

organizations acting beyond legal requirements for societal well-being

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4
Q

define sustainable marketing

A

balances current consumer/business needs with future generations’ needs

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5
Q

ethical & legal issues in marketing - common issues

A
  • selling (eg. bribery, trade secrets, discrimination)
  • advertising (eg. false, deceptive, bait-and-switch tactics)
  • pricing (eg. price-fixing, predatory pricing)
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6
Q

ethical & legal issues in marketing - business ethics code

A

Australian codes set guidelines for professional and ethical conduct

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7
Q

case studies of unethical practices

A
  • Volkswagen emissions scandal: $20 billion in fines and compensations across the US, Germany and Canada
  • impact of unethical behavior: high-profile cases (eg. Enron, JPMorgan) show financial and reputational costs
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8
Q

marketing impacts on consumers and prices

A
  1. criticisms:
    - high prices due to distribution, advertising and markups
    - deceptive practices, planned obsolescence, and high-pressure sales tactics
  2. debate on value vs. price: while critics argue marketing adds only psychological value, marketers assert that they deliver genuine value
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9
Q

explain planned obsolescence & false wants

A
  • products may be designed to become obsolete to stimulate new purchases
  • promotion of luxury and status-driven goods is criticized for fueling materialism and consumerism
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10
Q

social marketing vs commercial marketing

A
  • social marketing focuses on changing behaviors for societal benefits rather than profit
  • It applies in health, environmental, and economic issues, often used by governments and nonprofits
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11
Q

benchmark criteria for social marketing

A
  • behavior change: the primary goal
  • audience research: understanding target groups’ needs and preferences
  • segmentation: tailoring messages to specific demographics
  • exchange: highlighting the benefits of change over current behaviors
  • marketing mix: using diverse tactics beyond just communication (product, place, price, promotion)
  • competition: identifying and addressing competing behaviors
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12
Q

three social marketing streams

A
  • downstream: targets individual behavior change
  • midstream: focuses on community-level influences
  • upstream: aims at systemic changes via policy and environment
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13
Q

define non-profit marketing

A

marketing activities focused on social objectives rather than profit

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14
Q

explain CSR in nonprofits marketing

A

often holds organizations to high standards due to community expectations

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15
Q

explain challenges in non-profit marketing

A

limited acceptance for aggressive tactics like telemarketing

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16
Q

explain corporate social responsibility (CSR)

A
  1. principles: companies self-regulate to ensure positive social and environmental impact
  2. green marketing: promotes eco-friendly products and sustainable practices
  3. cause-related marketing (CRM): ties charitable contributions to company revenue, benefitting both society and brand reputation
17
Q

define sustainable marketing

A

meeting current needs responsibly while preserving future generations’ abi to meet theirs

18
Q

sustainable marketing - issues of greenwashing

A

misleading consumers about the environmental benefits of products