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12 MARKETING STRATEGY O.C. FERRELL • MICHAEL D. HARTLINE

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Presentation on theme: "12 MARKETING STRATEGY O.C. FERRELL • MICHAEL D. HARTLINE"— Presentation transcript:

1 12 MARKETING STRATEGY O.C. FERRELL • MICHAEL D. HARTLINE
Marketing Ethics and Social Responsibility

2 The Role of Ethics and Social Responsibility in Marketing Strategy
Dimensions of Social Responsibility Social responsibility Marketing ethics Marketing Ethics and Strategy The Challenges of Being Ethical and Socially Responsible

3 The Pyramid of Social Responsibility
Exhibit 12.1

4 Potential Ethical Issues in Marketing
Exhibit 12.2

5 Perceived Values in the Workplace
Exhibit 12.3

6 Deceptive Practices in Marketing
Deceptive Communication and Promotion False/deceptive statements Exaggerated claims Ambiguous statements Product labeling issues Fraud Regulating Deceptive Marketing Practices Trade associations Better Business Bureau (BBB)

7 Organizational Determinants of Marketing Ethics and Social Responsibility (1 of 2)
Ethical Climate Codes of Conduct Six highly desirable core values: 1) Trustworthiness 2) Respect 3) Responsibility 4) Fairness 5) Caring 6) Citizenship

8 Key Considerations in Developing and Implementing a Code of Ethical Conduct
Exhibit 12.4

9 Organizational Determinants of Marketing Ethics and Social Responsibility (2 of 2)
Marketing Ethics and Leadership Great leaders: 1) Create a common goal or vision 2) Obtain “buy in” 3) Motivate others to be ethical 4) Use available resources 5) Enjoy their jobs Ethics training can ensure that everyone: 1) Recognizes ethical decision making situations 2) Understands the culture and values of the firm 3) Is able to evaluate the impact of ethical decisions

10 Ethics, Social Responsibility, and Marketing Performance
Firms that are ethical and socially responsible are rewarded with greater marketing performance. Having a strong ethical climate: Increases employee commitment Is conducive to a strong market orientation Creates trust among a firm’s stakeholders Increases customer loyalty

11 Incorporating Ethics and Social Responsibility Into Strategic Planning
AMA Code of Ethics Federal Sentencing Guidelines for Organizations (FSGO) Marketing strategy and implementation plans should reflect an understanding of: 1) The ethical and social consequences of strategic choices 2) The values of organizational members and stakeholders

12 AMA Code of Ethics for the Internet
Exhibit 12.6


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