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Lecture

MKT 2210 Lecture Notes - Green Marketing, Greenwashing, Disinformation


Department
Marketing
Course Code
MKT 2210
Professor
Subbu Sivaramakrishnan

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ultimately, ethical choices are based on the personal moral philosophy of the
decision-maker. moral philosophies are of two types:
1. moral idealism. moral idealism is a personal moral philosophy that
considers certain individual rights or duties as universal regardless of
outcome. this philosophy exists in the consumer bill of rights.
1. utilitarianism. utilitarianism is a personal moral philosophy that focuses on
"the greatest good for the greatest number" by assessing the costs and benefits
of the consequences of ethical behaviour. this philosophy underlies the
economic tenets of capitalism.
understanding social responsibility in marketing.
A. concepts of social responsibility
social responsibility means that organizations are part of a larger society and are
accountable to that society for their actions. three social responsibility concepts
exist:
1. profit responsibility. profit responsibility holds that companies have a duty
to maximize profits for their owners or stockholders.
2. stakeholder responsibility. stakeholder responsibility focuses on the
obligations an organization has to those who can affect achievement of its
objectives. these includes customers, employees, suppliers and distributors.
3. societal responsibility. societal responsibility refers to obligations that
organizations have to the (1) preservation of the ecological environment and
(2) general public. two marketing practices reflect socially responsible
behaviour:
a. green marketing represents marketing efforts to produce, promote,
and reclaim environmentally sensitive products. iso 14001 consists
of worldwide standards for environmental quality and green
marketing practices.
b. cause marketing occurs when the charitable contributions of a firm
are tied directly to the customer revenues produced through the
promotion of one of its products.
B. the social audit
the social audit is a systematic assessment of a firm's objectives, strategies, and
performance in the domain of social responsibility. it consists of five steps.
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