Session 4 9/17 Ethics and Corporate Social Responsibility Flashcards
Ethics and Corporate Social Responsibility Ethics Why itʼs important Strategies that firms might use Examples of unethical behavior in the 4 Ps
1
Q
Marketing ethics and social
responsibility Define
A
Social responsibility is the obligation of an organization to maximize its positive impact and minimize its negative impact on society Ethical decisions are usually socially responsible and vice versa
2
Q
Strategies for dealing with
social responsibility issues
A
RADP 1. Reaction strategy Deny or ignore responsibility 2. Accommodation strategy Giving in to pressure 3. Defense strategy Put up a fight with law/PR but giving in where necessary 4. Proactive strategy Taking on responsibility without pressure
3
Q
Unethical behavior in 4P’s Examples
A
Promotion- ads with naked women
Product- ex. how much is too much? OBL toilet paper “wipe out terrorism”
Place- ex. bread is in back of store to get people to go through all products