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Week 12b: Consumer and Investor Relations Corporate Social Responsibility What is “good corporate citizenship”? Where is it (best) demonstrated? How much is the right amount? What / who determines how much? Environmental, social, charitable, education, political The role of ethics JPG, PUB475, Spring 2008 1
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Examples Ashland Oil “Owned” the education category in the 1990s Patagonia (adventure wear) Ben and Jerry’s (ice cream) IBM (computers) JPG, PUB475, Spring 2008 2
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“Missions” and category ownership Targeted corporate giving Concentrating on health, environment, education or more specific causes Ties into broader PR program Logical connection to business DuPont carpeted every Ronald McDonald House Must be separate from other marketing Selling creates unappealing connection Sleeze factor JPG, PUB475, Spring 2008 3
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Balance Short term vs long term Community vs. corporate responsibility Corporate philanthropy The emergence of lobbying The importance of leadership Corporate participation vs employee participation Commitment to employees and customers vs commitment to shareholders JPG, PUB475, Spring 2008 4
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Corporate Financial Relations Investor Relations Manages communication of all financial information to all appropriate publics Responsibilities: Measuring opinions toward the company by all publics – analysts, shareholders, media Recommending corporate strategy Preparing financial literature Writing financial news releases JPG, PUB475, Spring 2008 5
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Annual reports Contents Style Tone Annual meetings JPG, PUB475, Spring 2008 6
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For next class: Read: CCB – p. 389-394 CJ – 9, 9.6 JPG, PUB475, Spring 2008 7
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