Ethics in
marketing
Ethics. • Ethics(moralphilosophy)the
disciplineconcernedwith
what is morally good and bad
and morally right and wrong.
The term is also applied to any
systemor theoryof moral
valuesor principles.
What is
marketing ethics?
• Practice of promoting products and
services
• Honest, transparentand fair to all
parties involved, including the
customers, it involves adhering moral
standards and avoiding manipulative
tactics.
• Treating and paying employees fairly
• Sourcing sustainable materials
• Caring for the environment
• Making charitable donations
• Addressing social issues
Evolution
of
marketing
ethics
Traditional marketing
ethics
Modern marketing ethics
statistica
Types of marketing ethics
POSITIVE MARKETING
ETHICS
NORMATIVE
MARKETING ETHICS
Why marketing
ethics are
important
• Protect the well-beingof
consumers
• Supportthe well-beingof
employees
• Act as a good modelfor other
companies
• Attract and maintain
customers
Fundamental
principles of
marketing
ethics
Fairness Honesty
Transparency responsibility
Other
aspects of
ethical
marketing
Customerdata
protection
Respwct
customerprivacy
Lotalty business
model
Customervalue
Ethicalpricing
Health and safety
Conscious
practice
Improved
credibility
Sustainabilty
legality
Campaign of ethical marketing
A CHARITABLE GIVING
CAMPAIGN
CENTERING BUSINESS
DECISIONS AND IMPACT ON
PRODUCT PAGES
SOCIAL RESPONSIBLE SOCIAL
MEDIA ACCOUNTS
Impact of unethical marketing
A 2022 survey by the Harrispole founded
that 76% of the consumerscould recalla
time whenthey felt deceived bya company
marketing tactic.More alarmingly,85% of
theseindividualsaid they stopped doing
businesswith the company.
Unethicalmarketing can also have
significantsocietalimplication.
misinformation can lead to public harm
while the lack of digitalinclusivity can
exacerbatesocietalinequalities.As perour
2023 study by the Harvard businessreview,
companiesthat fail to prioritize digital
inclusivitiesare 12% decrease in customer
loyalty and engagement.
Strategies for
implementing
ethical
marketing
Adoptethicalguidelines:Create and enforcea
comprehensive code ofconductformarketing practices.
Integrate ethicsinto strategy:Make ethicalconcentration
crucialto yourmarketing strategy.
Train marketing personnel:Provideregulartraining to your
marketing team on the importanceofethicsand howto
applythem
Utilize technology:Leverage toolsto ensure ethical
compliancesuch asAIfordata privacyoraccessibility
software forinclusivity.
Leadership role:Leadershipmustsetan example and
foster an organizationalculturethatvaluesethical
marketing.
Ethical
issues in
traditional
marketing
Deceptive
pricing
Deceptive
advertising
Fake
promises
Competitive
war
Ethical issues in digital marketing
Data privacy
Digital
inclusivity
Misinformation
Special
ethical
issue in
marketing
to children
Children are more vulnerable
as comparedto adults in
case of psychologicalappeal
and strong images.
Tobbaccoand alcohol
Ethical issue in
marketing to
minorities
• Offensive practicesmay take
the form of negativeor
stereotypicalrepresentation
of minoritiesassociatingthe
consumption of harmfulor
questionable productswith
the particularminority
segment and demeaning
portrayalsof a race or group.
Ethical issues surrounding the
portrayal of women in marketing efforts
• Advertisements, in particular,
should be evaluatedto be
sure that the images
projectedare not offensive.
The future of ethical marketing
Regulatory
changes
Sustainable and
socially
responsible
business practices
Pela case Offsetting their entire
carbon footprint
Sharing all data about
manufacturing, materials
and footprint
Donating 1% of sales to
environmental
organizations
Asphalte pre-order business model the brand
only makes item that customer
chose. So, there’s no excess
inventory or overproduction.
Uses quality eco-friendly materials.
Product care guide also given to
reduce overconsumption.( Wool shirt
)
Everlane
• motto is “when it comes to well-being”
• The business even shares costbehindtheir
products from materials to transportation.
• According to December 2021 the company has
completed 90% of its goal of eliminating all
virgin plastic from the supply chain. also they
are pursuing severalgoals related to reducing
emission and the interestingelement of
everlane ethical marketing strategyis sharing
details about the labor condition.
Allbirds
Higheststandardsofverified socialand environmental
performance and publictransparencyandconsumers
appreciate
Clothing industrydue to its unwaveringcommitmentto eco-
friendlyproduction
It measuresit’scontribution to carbonfootprintand also
publish reports.
Highlighttheirenvironmentfriendlypracticesin their
marketing strategy
Theirpublication involvesrenewable materialsgreenenergy
and regenerative agriculture
Also advertisescarbon footprintofeach product.
Conclusion • We understand that, the importance
and benefitsof ethical marketing are
undeniable and cannotbe neglect. By
understanding and implementing
ethical practicesbusinesses can build
trust enhance theirreputation that
ultimatelyleads to success. In future
the ethical marketing will play a
pivotal role in shaping sustainability
and sociallyresponsible business.
Therefore we as marketers to
embrace ethical practicesand that to
charge towards a more honestand
equitable digital marketing landscape.

Business Ethics And CSR ppt.x document pdf

  • 1.
  • 2.
    Ethics. • Ethics(moralphilosophy)the disciplineconcernedwith whatis morally good and bad and morally right and wrong. The term is also applied to any systemor theoryof moral valuesor principles.
  • 3.
    What is marketing ethics? •Practice of promoting products and services • Honest, transparentand fair to all parties involved, including the customers, it involves adhering moral standards and avoiding manipulative tactics. • Treating and paying employees fairly • Sourcing sustainable materials • Caring for the environment • Making charitable donations • Addressing social issues
  • 4.
  • 5.
    Types of marketingethics POSITIVE MARKETING ETHICS NORMATIVE MARKETING ETHICS
  • 6.
    Why marketing ethics are important •Protect the well-beingof consumers • Supportthe well-beingof employees • Act as a good modelfor other companies • Attract and maintain customers
  • 7.
  • 8.
  • 9.
    Campaign of ethicalmarketing A CHARITABLE GIVING CAMPAIGN CENTERING BUSINESS DECISIONS AND IMPACT ON PRODUCT PAGES SOCIAL RESPONSIBLE SOCIAL MEDIA ACCOUNTS
  • 10.
    Impact of unethicalmarketing A 2022 survey by the Harrispole founded that 76% of the consumerscould recalla time whenthey felt deceived bya company marketing tactic.More alarmingly,85% of theseindividualsaid they stopped doing businesswith the company. Unethicalmarketing can also have significantsocietalimplication. misinformation can lead to public harm while the lack of digitalinclusivity can exacerbatesocietalinequalities.As perour 2023 study by the Harvard businessreview, companiesthat fail to prioritize digital inclusivitiesare 12% decrease in customer loyalty and engagement.
  • 11.
    Strategies for implementing ethical marketing Adoptethicalguidelines:Create andenforcea comprehensive code ofconductformarketing practices. Integrate ethicsinto strategy:Make ethicalconcentration crucialto yourmarketing strategy. Train marketing personnel:Provideregulartraining to your marketing team on the importanceofethicsand howto applythem Utilize technology:Leverage toolsto ensure ethical compliancesuch asAIfordata privacyoraccessibility software forinclusivity. Leadership role:Leadershipmustsetan example and foster an organizationalculturethatvaluesethical marketing.
  • 12.
  • 13.
    Ethical issues indigital marketing Data privacy Digital inclusivity Misinformation
  • 14.
    Special ethical issue in marketing to children Childrenare more vulnerable as comparedto adults in case of psychologicalappeal and strong images. Tobbaccoand alcohol
  • 15.
    Ethical issue in marketingto minorities • Offensive practicesmay take the form of negativeor stereotypicalrepresentation of minoritiesassociatingthe consumption of harmfulor questionable productswith the particularminority segment and demeaning portrayalsof a race or group.
  • 16.
    Ethical issues surroundingthe portrayal of women in marketing efforts • Advertisements, in particular, should be evaluatedto be sure that the images projectedare not offensive.
  • 17.
    The future ofethical marketing Regulatory changes Sustainable and socially responsible business practices
  • 18.
    Pela case Offsettingtheir entire carbon footprint Sharing all data about manufacturing, materials and footprint Donating 1% of sales to environmental organizations
  • 19.
    Asphalte pre-order businessmodel the brand only makes item that customer chose. So, there’s no excess inventory or overproduction. Uses quality eco-friendly materials. Product care guide also given to reduce overconsumption.( Wool shirt )
  • 20.
    Everlane • motto is“when it comes to well-being” • The business even shares costbehindtheir products from materials to transportation. • According to December 2021 the company has completed 90% of its goal of eliminating all virgin plastic from the supply chain. also they are pursuing severalgoals related to reducing emission and the interestingelement of everlane ethical marketing strategyis sharing details about the labor condition.
  • 21.
    Allbirds Higheststandardsofverified socialand environmental performanceand publictransparencyandconsumers appreciate Clothing industrydue to its unwaveringcommitmentto eco- friendlyproduction It measuresit’scontribution to carbonfootprintand also publish reports. Highlighttheirenvironmentfriendlypracticesin their marketing strategy Theirpublication involvesrenewable materialsgreenenergy and regenerative agriculture Also advertisescarbon footprintofeach product.
  • 22.
    Conclusion • Weunderstand that, the importance and benefitsof ethical marketing are undeniable and cannotbe neglect. By understanding and implementing ethical practicesbusinesses can build trust enhance theirreputation that ultimatelyleads to success. In future the ethical marketing will play a pivotal role in shaping sustainability and sociallyresponsible business. Therefore we as marketers to embrace ethical practicesand that to charge towards a more honestand equitable digital marketing landscape.