The Societal Marketing Concept
The societal marketing concept holds that the organization should determine the needs, wants, and interests of target markets. It should then deliver the desired satisfactions more effectively and efficiently than competitors in a way that maintains or improves the consumer's and the society's well-being. The societal marketing concept is the newest of the five marketing management philosophies. The societal marketing concept questions whether the pure marketing concept is adequate in an age of environmental problems, resource shortages, worldwide economic problems, and neglected social services. It asks if the firm that senses, serves, and satisfies individual wants is always doing what's best for consumers and society in the long run. According to the societal marketing concept, the pure marketing concept overlooks possible conflicts between short-run consumer wants and long-run consumer welfare. Consider the Coca-Cola Company.
Most people see it as a highly responsible corporation producing fine soft drinks that satisfy consumer tastes. Yet certain consumer and environmental groups have voiced concerns that Coke has little nutritional value, can harm people's teeth, contains caffeine, and adds to the litter problem with disposable bottles and cans.
Such concerns and conflicts led to the societal marketing concept. As Figure 1,5 shows, the societal marketing concept calls upon marketers to balance three considerations in setting their marketing policies: company profits, consumer wants and society's interests. Originally, most companies based their marketing decisions largely on short-run company profit. Eventually, they began to recognize the long-run importance of satisfying consumer wants, and the marketing concept emerged. Now many companies are beginning to think of society's interests when making their marketing decisions. One such company is the international corporation Johnson & Johnson, which stresses community and environmental responsibility.
To learn more about this topic through this link.
The Societal Marketing Concept
Leave The Societal Marketing Concept to:
Read more #marketing posts
Best Posts From Egypt Tales
We have not curated any of samaabdeltawab's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From Egypt Tales
- The Truth Will Soon Be Out There: History of DoD’s UFO Files Amid Looming Release of Tell-All Report
- The Ramesside period of the New Kingdom in ancient Egypt
- High cholesterol: Symptoms and causes
- Marketing's Impact on Other Businesses
- Is Islam exceptional? And what does it mean for the future of Western democracy?
- The Terror Of The Dark
- Is He “The One”? I Still Don't Know After 4 Years
- North Korea warns of 'VERY GRAVE SITUATION' for US, says Biden blundered by calling its self-defense efforts ‘serious threats’
- Stunning Video Reportedly Taken on US Navy Ship Shows 'UFO' Descend Into Pacific Ocean
- Mystery of the sunken kingdom of Dwarka