Wk 1 Discussion - Ethical Behavior as a Marketing Strategy Response 5
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Wk 1 Discussion - Ethical Behavior as a Marketing Strategy [due Day 3]
Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to classmates or your faculty member.
Due Day 3
Marketing strategies are used to promote products and services. Many companies have discovered their customers indicate that ethics and social responsibility matter when choosing products.
Select 1 company that uses ethical behavior as a marketing strategy. Consider the effect it has on the company.
Respond to the following in a minimum of 175 words:
How does the company you selected distinguish between social responsibility and ethical and legal issues in their marketing strategy?
What is the value to the company of communicating ethical behavior to the public?
Due Day 7
Post 2 replies to classmates or your faculty member. Be constructive and professional.
Response:
The company I have chosen is TOMS footwear. TOMS is known for its ethical marketing and promoting donating shoes for those children who are less fortunate. TOMS markets to change the lives of others not just by giving a pair of shoes away for every purchase but by partnering with other companies supporting larger health, education, and community development programs through strategic partnerships. The marketing strategy was a great idea to capture the hearts of customers and still contribute to improving lives.
They give 1/3 of their profits through cash grants and deep partnerships with community organizations to drive sustainable change for mental health, access to opportunity, and ending gun violenc
e. The company is focusing on high topics and making a change one shoe at a time. This brings more returning customers to buy shoes and continue to contribute to a good cause and still wear cute and comfortable shoes.
TOMS' marketing strategies are working by capturing the audience on their website which is very detailed and shows t
he growth and their position as a socially responsible organization.
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