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The Societal Marketing Philosophy
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Keelson-Mkt-concept-2012
The Societal Marketing Philosophy
The societal marketing concept emerged in the 1970s and has since overlapped with the marketing philosophy. The concept assumes that there is a conflict between consumer short- term wants and society’s long-run interest, and that organizations should focus on a practice that ensures long run consumer and societal welfare [2,6]. Kotler and Armstrong [17] consider the societal marketing orientation as the best business philosophy to be adopted by organisations. They suggested: “this new concept represents an attempt to harmonize the goals of business to the occasionally conflicting goals of society’. They conclude: “the organisation’s task is to determine the needs, wants and interest of target markets and to deliver the desired satisfactions more effectively and efficiently than competitors in a way that preserves or enhances the consumer’s and society’s well-being” (p. 35). It is understandable why this concept did not emerge until around the 1970s. The importance of this concept became eminent when the effect of business activities on the environment and society became too pronounce. It was then necessary for businesses to think on how to satisfy the market with the aim of profit, and still minimize its effects on society. Happy society is more likely to buy and to recommend a firm’s product, while an angry society will refuse purchase of a company’s product even if it could satisfy the needs of the customer. This means the societal marketing philosophy emphasises the need not only to consider the customer in product decisions but also his immediate environment. The appropriateness of societal marketing philosophy is deduced from the fact that it supports a socially responsible behavior of organization. It thus, challenges the earlier assertion by Friedman [21] that “the social responsibility of business is to make profit”. Organisation will still need to adopt this business philosophy to be able to deal with the cultural and regulatory aspect of the business environment. This means adoption of the societal marketing philosophy generate some factors of market orientation that foster business performance. The societal marketing concept is considered a separate business philosophy [2,6]; however the concept could be better looked at as complementary. It should be complementary business thinking to the adoption of other business philosophies, Download 186.91 Kb. Do'stlaringiz bilan baham: |
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