Ethics in Global Brand Management Lecture four: Ethics and Global Internal Marketing Challenges.
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Transcript of Ethics in Global Brand Management Lecture four: Ethics and Global Internal Marketing Challenges.
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Ethics in Global Brand Management
Lecture four:
Ethics and Global Internal Marketing Challenges
![Page 3: Ethics in Global Brand Management Lecture four: Ethics and Global Internal Marketing Challenges.](https://reader036.fdocuments.us/reader036/viewer/2022082613/5697c0041a28abf838cc417a/html5/thumbnails/3.jpg)
Business perspective four
• Marketing managers differ in moral imagination and development– Managers will possess varying levels of moral
development– A firm's ability to handle ethical issues is only
as good as the capability of its managers
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Kohlberg's framework of moral development
• Egoistic or relativistic marketing managers• Legalist marketing managers• Moral strivers• Principled marketing managers
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Business perspective five
• Essential frameworks for enlightened marketing:– Utilitarianism– Duty-based ethical theories– Virtues– The social contract– Religious approaches to marketing ethics
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Relationship marketing and virtue ethics
• Virtue:– Integrity– Fairness– Trust– Respect– Empathy– Transparency
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Business perspective six
• Embracing the stakeholder concept:– Primary stakeholders– Indirect stakeholders– Secondary stakeholders
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Stakeholder map
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Integrity
• Honeywell– Code of business conduct– Applies to all employees, agents, consultants, and
independent contractors– Provides a freephone international ethics advice line– Plus local advice lines in regions– Plus an ethics and compliance website
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Business perspective seven
• Moral reasoning for marketing managers:
– Seven steps:• Cultivate ethical awareness and sensitivity
• Identify the ethical issues or questions
• Articulate the stakeholders in the decision
• Select an ethical theory or standards
• Specify alternatives and ethical analysis
• Make and justify a decision
• Monitor the decision's outcomes
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Ethics in Global Brand Management
Lecture four:
Ethics and Global Internal Marketing Challenges
Tutor: Giovanna Battiston
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Exercise: designing an ethics code
Map out a sustainability framework for a
company of your choice that has multiple
stakeholders and international markets.