“Marketing, Consumerism, Materialism and Ethics: the Modern Marketing Conundrum”

Only available on StudyMode
  • Download(s) : 246
  • Published : October 19, 2010
Open Document
Text Preview
Gone are the days when “buyer beware” was the trend. The sellers used to dictate their terms as the competition was less. But after the Liberalization, Globalizations and Privatization in 1991, more companies entered into India. This changed the situation form “Buyer’s beware” to “Sellers beware”. It became more difficult for the companies to sustain in the cut throat competition. They had to shift their focus from product centric to customer centric. Companies had to think smart instead of working hard. There was a need of decisive plan of action to survive in the market. The quality of the product was taken for granted by the customer and with competition heating up companies had to differ themselves from their competitors on the basis of quality of service. So the focus shifted from quality to service. Later the concept of ethics came into existence. Companies had to market their products in an ethical and responsible manner. This created more pressure on the companies. To tackle this problem the companies had to resort to aggressive marketing strategies. Companies knew that materialism is considered very important in a market like India because all people want physical possession of the products that they buy. So they resorted to unethical marketing. Yet they are successful in their businesses. Making profit at the expense of consumers is called as unethical marketing. But certain enactments like Consumer Protection Act 1986, Competition Act 2002 etc have put some barriers on companies. RESEARCH OBJECTIVE

The objective behind this research is to throw light on marketing, ethics and consumerism and how these concepts are misused in a high consumption and materialistic economy like India to deceive end cheat or deceive the consumers. RESEARCH METHODOLOGY

This research is based on secondary sources like reputed newspapers, magazines, journals and articles from authenticated sources like EBSCO, recognized research papers, internet etc… which has been analyzed mainly on the basis of past reasoning

Organizational Leadership, Ethics and the Challenges of Marketing Fair and Ethical Trade Abstract: This article critically evaluates current developments in marketing fair trade labeled products and ‘‘no sweat’’ manufactured goods, and argues that both the fair trade and ethical trade movements increasingly relyon strategies for bottom-up change, converting consumers ‘‘one cup at a time’’. This individualistic approach, which we call ‘‘shopping for a better world’’, must, we argue, be augmented by more collectivist approaches to affect transformative change. Specifically, we look at the concept of mission-driven organizations pursuing leadership roles in developing affinity relation-ships to promote fair and ethical trade and developing ethical spaces. Increasingly, arrange of organizations are Restructuring their operations, so that their mission is reflected in ethical practices through out their operations, including product sourcing and product sales .First, ethical purchasing policies operated by non-profits and public agencies represent markets through which fair/ ethical products reach end consumers. The efforts discussed to create ethical spaces through direct democracy and electoral mandate build on abroad-based affinity with the principles off air and ethical trade. Second, we explore the potential for ‘‘mission-driven’’ non-profit organizations, such as zoos and aquaria for merging their mission of conservation education with their marketing activities through the operation of their shops and cafe´s .Interesting Initiatives to link the conservation message to food choices is being undertaken by a number of zoos and aquaria, while there is scope for increased linkages in the giftware sold in their shops

Half a Century of Marketing Ethics: Shifting Perspectives and Emerging Trends Abstract: Faced with an ever-growing number of ethical marketing issues and uncertainty...
tracking img