Marketing Principles, SME 2011 Babson College
Marketing Principles, SME 2011 Babson College
15th Edition
ISBN: 9781308605654
Author: N/A
Publisher: McGraw Hill Create
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Chapter 4, Problem 1MA
Summary Introduction

To discuss: Differences between marketing ethics, CSR and conscious marketing.

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Explanation of Solution

Marketing ethics refers to specific ethical problems to the area of marketing and it includes global, societal and individual consumer issues. Corporate social responsibility (CSR) is the voluntary actions that are taken by the company to addresses the social, ethical and environmental effects of business operations and therefore the considerations of its stakeholders.

It is firm’s responsibilities towards the welfare of the society. Conscious marketing is an approach of marketing which acknowledges the four basic principles they are: a better purpose, conscious time and leadership and finally stakeholders.

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