This document discusses the contemporary issues of sustainable marketing, including social and environmental responsibility. It explores the challenges faced by companies like Marks and Spencer and provides recommendations for socially and environmentally responsible marketing.
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Table of Contents INTRODUCTION...........................................................................................................................1 MAIN BODY...................................................................................................................................1 Demonstrate understanding of contemporary issues of sustainable marketing..........................1 Issues for socially responsible marketing...................................................................................2 Recommendations.......................................................................................................................3 Issues for environmentally responsible marketing......................................................................4 Recommendations.......................................................................................................................5 CONCLUSION................................................................................................................................6 REFERENCES................................................................................................................................7
INTRODUCTION The background of marketing is assessing of product and services manufacturing, producing, assembling and promoting in the competitive market. It fulfil the needs and wants of consumers through delivering the services. Marketing is a typical responsibility for managing and controlling which produce the marketing raw material along with facilitates support(Cateora and et. al., 2020). The major responsibility that consists by the organisation perspective which includes the posting advertisement, communicate with local vendors or through social media platforms which provide marketing promotional services in perspective of product and services. AsfromUnitedKingdomperspective,thecompanydeterminedformarketing responsibility as Marks and Spencer venture is a British multinational retailer with having a headquarter in London, England. It well famous for their selling customised design textiles products, food and beverages and home appliances with décor products. It was founded at 1884 in Leeds, United Kingdom. In this report of marketing responsibility the agenda of topics will be coveredsocialandenvironmentalresponsibilityofmarketingalongwithassessingthe contemporary issues of sustainable marketing and also highlight the strong call for the marketing organisation to attain as well as practise a optimum marketing responsibility. MAIN BODY Demonstrate understanding of contemporary issues of sustainable marketing Sustainable marketing refers to the effective promotion of environmental and socially responsible practices and products and also undertake brand value. Many organisations use sustainable marketing for the particular product, that nailed the sustainable marketing. Along with this, it leads to clearly define the goals for the environmental efforts and socially responsible marketing as it refers to the contemporary description of environmental approach of marketing which is present for various decades(Hollensen, 2019). Along with this, it is important for Marks and Spencer considering the new competitive environment from the competitor in terms of technology and globalisation. In terms of this, Marks and Spencer conduct prominent research in terms of addressing the prominent issues like sustainable marketing practicesconsideringtheenvironmentalconsequences,anti-consumption,ethics,social marketing and corporate social responsibility. In terms of this, research area for Marks and Spencer include: 1
Marketing and sustainability:It depicts the barriers and facilitators for being more sustainable regarding the consumption practices and also tends to reduce carbon footprints by effectively motivating for the voluntary simplification. Consumer resistance and anti-consumption:It depicts the resistance of consumers and effective consumption of prominent brands, services and products and also some consumers that are prominently opposed to the dominant organisations. Alternative marketing practices:It depicts the significant approach which is adopted by the company at the external side of mainstream considering not for profit organisation, fair trade and many more(Malhotra and Dash, 2016). For this, Marks and Spencer also need to consider corporate social responsibility, frameworks, ethics and other contemporary market. In regard of this, for the sustainable marketing there is the tremendous development within the technology and international trade by which respective company find new ways for the product regarding the new concept of marketing. In terms of this, social responsibilities of an organisation tends to face significant challenges for the company which is considered as the prominent subject within the corporate world. Along with this, company need to follow their own profit for the effective motive and less care about social and environmental factors in terms of selling product that leads to improve the overall performance of Marks and Spencer. For this, respective company make effective plan for the sustainable future by examining the social and environmental impact on the significant marketing strategies. Issues for socially responsible marketing The description of social responsibility is an form of ethical representation and intimate to the individual perspective having an social control which generates the benefits of society at large scale. It also enhance the duty in every individual context to perform for balance the economy and ecosystem for better development. There are following issues related with social marketing responsibility which is faces by Marks and Spencer Company:Enhance of legal perspective of Business:In a business the social responsibility that rarely clashes with the ethical responsibility as well as the marketing growth of any organisation could be hit by regulating of policies which contains some strict rules that generates favourable or unfavourable outcomes(Tuten and Solomon, 2017). In context of Marks and Spencer's their marketing social responsibility faces many implication in United Kingdom polices aspect such as corporate tax, Foreign trade etc. they are legally 2
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responsible for mapping the shareholder's profit while in other hand, they are similar responsible as socially for minimizing the profits that could affect the business decisions.HavingShareholderPressure:Therearemanyshareholderwhodonothaving knowledge or information about the company and their stocks. Through shareholder demands they might creating pressure to enhance the development performance from managerthatreducetheethicsexistence(MoormanandDay, 2016). Asperthe perspective of Marks and Spencer their shareholders are not aware about the company description where they constantly creates pressure for increase performance to the promoters that could impact on their ethical aspect, marketing strategies as well as short term profit. Presence of Labour Market:In corporates organisation top mangers are expected to reduces the cost in overall activities, as this is a part of their marketing proceedings where minimizing the cost is necessary for profit maximisation. The major problem arises when laying off presumes in the company as Marks and Spencer has been suffered to making their workforce lay-off in the situation of recession or not afford the employees who are demanding high cost. As this action is against social responsibility which company having motive for attaining short term profit. Recommendations By considering the above issues, it is also analysed that there are various strategies that are useful for being socially conscious and also helps in developing strong relationship with community. In terms of this, there are various ways by which Marks and Spencer can overcome from the issues which they currently face and also helps in developing social consciousness. Various ways are as follows: Develop a social mission:It is considered as the best and effective way to make business more socially conscious is to develop a social mission and for this, Marks and Spencer need to make significant mission and vision for the statements and also focus on the company regarding actively seeking helps for the community. In terms of Marks and Spencer, it is important for Marks and Spencer to significantly develop prominent mission which is more realistic that focus on the promotion of teamwork and effective clarity. Establish realistic goals:After developing effective goals and objectives, it is important to develop real and prominent goals and objectives which is useful for the company in terms of 3
increasing its image and also tends to consider the realistic objectives which is accomplished in terms of causing major disruptions undertaking the regular operations(Järvinen and Taiminen, 2016). In terms of this, it tends to include both short and long term goals which is measured in terms of addressing an immediate issue within the community, offer effective solution with effective resources which company already have also tends to create awareness regarding the issue in the area. In relation with this, Marks and Spencer need to answer all the prominent questions in order to carry out the meetings and also send informative memo that helps in answering the customer inquiries. Educate employees:In terms of this, Marks and Spencer need to educate their employees which is useful for the entire team and also tends to create socially responsible business. In terms of this, employees should be involved in every step and also understand the prominent issues for the company(Kannan, 2017). Along with this, it defines that training and development program in terms of educate workforce for their effective development and develop their skills towards the socially responsible marketing. Issues for environmentally responsible marketing In modern business, environmental issues plays a vital role in marketing and for this, various organisations are more concern regarding the green marketing activities which they also attempted to regulate. Away with this, significant problem which company face in terms of modify the product because of increased concern of customers and also contend regarding the perceptionofconsumers.Alongwiththis,variousorganisationswantstobecomegreen consideringtheincreasednumberofwantsofconsumerwhichisassociatedwiththe environmental friendly products. For this, Marks and Spencer face various issues in terms of environmentally responsible marketing that are discussed as under: New concept:Marks and Spencer need to literate regarding the unique concept which is introduced by them and also get more aware regarding the merits of green products. Along with this, consumer need to be more educate in terms of being aware regarding the environmental threats(Katsikeas and et. al., 2016). For this, green movements tends to reach towards the masses that take lot of time and effort to introduce the new and innovative idea. Need for standardization:It is identified that around 5% of the marketing campaign tends become green and follow green standards and norms but for this, Marks and Spencer has 4
lack of standardization of authenticates that claim about the standard quality control and also should be place for labelling and licensing. Avoid green Myopia:By undertaking and considering various standards and issues, somehow Marks and Spencer leads to neglect various green marketing that put emphasis regarding the effective customer benefits that happens because of effective help of product and also tends to develop green initiatives and other aspects that does not tends to give proper customer satisfaction and it leads to generate green myopia(Felix, Rauschnabel and Hinsch, 2017). Therefore, undertaking the seriousness of environmental issues, it is important for the Marks and Spencer to develop sustainable environment and led towards the new international economic order. For this, every organisation need to recognise the significant issues that are concerned with the environment and also become the member of community and deal with issues that does not become problem for the organisation but issue for the humanity and survival. Furthermore, eco-friendly marketing is also important which is not quite separate regarding the environmental issues and undertake the economic goals as well. Recommendations By undertaking the significant issues, it is analysed that there are various ways by which Marks and Spencer can overcome all these issues with the help of various strategies and significant methods that are useful in overcoming the issues which are faced by company. In terms of this, various strategies are as follows: Create an eco-friendly selling point:Regarding the green marketing strategy, it is undertaken as the business strategy and also thoughtful for green marketing idea and also create significant eco-friendly selling point for the business(Atwal and Williams, 2017). In terms of this, it tends to determine the alternate business practices for the product to become more green and eco-friendly. Along with this, Marks and Spencer also tends to promote healthier living and great selling point for the consumers regarding green marketing idea which is ideal for business and also provide effective services by undertaking the environmental standards. Away with this, Marks and Spencer also tends to offer green product line service that put emphasis on business and also want to be sure regarding eco-friendly selling point. Brand with green logos:It depicts that if the product has green offerings then they can participate regarding the eco-friendly practices and also make effective use of variety of logos 5
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for the marketing and company branding the represent green. It consider the effective website, advertising, marketing, business cards, packaging and so on of Marks and Spencer. Along with this, Marks and Spencer also tends to consider designing the custom logo particularly for business in terms of effective tool which is useful in communicating the green offerings and stand out towards the competition. Invest in online marketing:Online marketing is more environmental friendly rather than offline marketing as it include direct mail or printed advertising to consider the good news which isalsocheaperintermsofusingtheonlinemarketing.Moreover,placinganonline advertisement at the low cost alternative tends to produce no printed waste or put negative impact on the environment(Wedel and Kannan, 2016). For this, social media is the cost effective way for Marks and Spencer in terms of communicating to the customers. In terms of this, printed direct mail is also replacing the printed coupon mailers that can become challenge for small business that relies on the coupon redemption to drive sales. Moreover, Marks and Spencer need to invest in growing towards the email database regarding effective solution to eliminate direct mail. Moreover, a new online coupon deal also tends to offer by the email marketing which becomesthegreatwayintermsofincreasingsalesforsmallbusinessesandeliminate dependency for waste printed coupon mailers. CONCLUSION By considering the above discussion, it is analysed that marketing is important in order to exchange products and services within the external market and it is essential to undertake significant features and standards at the time of marketing. Along with this, in terms of respectivecompany,itisidentifiedthatcurrentlyitfacevariousissueinsociallyand environmentally responsible marketing that leads to hinder the overall performance of company. For this, it is important to provide significant recommendations and suggestions in terms of overcoming these hurdles in order to become more sustainable in business environment. 6
REFERENCES Books and Journals Atwal, G. and Williams, A., 2017. Luxury brand marketing–the experience is everything!. InAdvances in luxury brand management(pp. 43-57). Palgrave Macmillan, Cham. Cateora, P.R and et. al., 2020.International marketing. McGraw-Hill Education. Felix, R., Rauschnabel, P.A. and Hinsch, C., 2017. Elements of strategic social media marketing: A holistic framework.Journal of Business Research,70, pp.118-126. Hollensen, S., 2019.Marketing management: A relationship approach. Pearson Education. Järvinen,J.andTaiminen,H.,2016.HarnessingmarketingautomationforB2Bcontent marketing.Industrial Marketing Management,54, pp.164-175. Kannan, P.K., 2017. Digital marketing: A framework, review and research agenda.International Journal of Research in Marketing,34(1), pp.22-45. Katsikeas, C.S and et. al., 2016. Assessing performance outcomes in marketing.Journal of Marketing,80(2), pp.1-20. Malhotra, N.K. and Dash, S., 2016.Marketing research: An applied orientation. Pearson,. Moorman,C.andDay,G.S.,2016.Organizingformarketingexcellence.Journalof Marketing,80(6), pp.6-35. Tuten, T.L. and Solomon, M.R., 2017.Social media marketing. Sage. Wedel, M. and Kannan, P.K., 2016. Marketing analytics for data-rich environments.Journal of Marketing,80(6), pp.97-121. 7