M1 _ In-person _ Greenwashing - Hank Powers

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School

Iowa State University *

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Course

340

Subject

Marketing

Date

Apr 3, 2024

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pdf

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2

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Student Name (First + Last): Hank Powers Team Name: Marketing Squad MKT340 | Video Guide | Required Class Preparation Submit via Canvas in .pdf format Part 2 | Conscious Marketing Textbook What is the difference between corporate social responsibility and conscious marketing? (Textbook learning outcome 4.2) What is corporate social responsibility? The internal decisions made by a company to be following environmental, social, and ethical standards. Although it is not against the law to not be responsible of these things, it is heavily encouraged. The Textbook mentions that BMW was engaging is CSR when they made their Children Safety Program. What is conscious marketing? Marketing in a way that is clear that the goal isn’t just profits. Conscious marketing entails marketing without forgetting about the ethical affect your decisions make on the environment, shareholders, or employees. For example, “The Container Store” was mentioned in the textbook for being very cognizant of their marketing decisions and all decisions which is why it made it on the Forbes list for best companies to work for. Provide three differences between corporate social responsibility and conscious marketing. Conscious Marketing is more specific to the marketing sense whereas CSR is more general about how a company goes about contributing to social, environmental, and ethical areas. CSR is more of a commitment than conscious marketing. Conscious marketing is more of a choice at the time, to communicate with customers using their Marketing. CSR can be happening behind the scenes whereas conscious marketing is direct communication to the world about what they are doing. MKT340 | Conscious Marketing v Corporate Social Responsibility In-Person | Required Class Preparation | Page 1 of 2
Part 2 | Greenwashing Video Why Do Companies Need to Greenwash? Please provide a 2 to 3 sentence reaction to the following thesis statements from the video. Also, please select your own thought provoking statement from the video. “Greenwashing changes the narrative of what change and climate action means.” It’s crazy to think that companies can make us think that buying their product can produce a positive change on the planet. Even though, us buying their products is a big reason why the problems exist in the first place. “Greenwashing lulls us into a false sense of security” The advertisements that many companies are putting out, makes us think they have the world climate on their minds and that they are going to fix the problems. In reality, they are harming the earth more than they are helping and we need to be cognizant of it. “There are no ethical corporations under capitalism” Capitalism rewards people for putting profit first and other things secondary. Companies have no reason to focus on the environment when they are making more money strictly going after profit. “Profit above all else” This just goes to show how easy the public gets tricked by advertisements from companies. The main motivation behind many big businesses is strictly the money they make, regardless of the drawbacks. MKT340 | Conscious Marketing v Corporate Social Responsibility In-Person | Required Class Preparation | Page 2 of 2
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