WHAT IS ETHICS & Code of Conduct for Marketing Ethics
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04/09/2023 SPP SPTM V.L.Mehta Road, Vile Parl (W) SVKM's NMIMS University
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WHAT IS ETHICS AND CODE OF CONDUCT FOR
MARKETING ETHICS
Charmi PopatSVKM’s NMIMS SPP SPTM (School
of Pharmacy & Technology Management)
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04/09/2023 SPP SPTM V.L.Mehta Road, Vile Parl (W) SVKM's NMIMS University
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The Pyramid of Corporate Social Responsibility
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04/09/2023 SPP SPTM V.L.Mehta Road, Vile Parl (W) SVKM's NMIMS University
What is ethics? Ethics are the moral principles and values that
governs the action and decisions of an individual or
a group
They serve the guidelines on how to act rightly and
justly when faced with moral dilemmas.
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Statement of Ethics Ethical Norms and Values for Marketers
Norms are established standards of conduct that are expected and maintained by
society and/or professional organizations.
Values represent the collective conception of what communities find desirable,
important and morally proper.
ETHICAL NORMS:Do no harm.
Foster trust in the marketing system. .
Embrace ethical values.
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Several formal written codes of ethics Ray Kroc set the original standard for
McDonald'sCitizenship
Fairness
Transparency
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The Auto Industry Tries to Go Green
Car manufacturers have gone to great lengths to promote
hybrid cars.
These cars are generally much more expensive to develop
and produce. Do corporations have a social responsibility to
develop environmentally friendly cars? Why or why not?
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Marketing Ethics
Principles and standards that define acceptable marketing
conduct as determined by the public, government regulators,
private interest groups, competitors, and the firm itself
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Marketing Ethics
Customer Service
Pricing
Distributor Relations
General Code
Product Development
Advertising Standards
Corporate Marketing
Ethics Policies
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Marketing Strategy in Action
R.J. Reynolds has been accused by critics
of using its “Joe Camel” cartoon
character, to target children for cigarette
consumption.
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Customers
ProductIssues
PricingIssues
PromotionIssues
DistributionIssues
Ethical Issues & the Marketing Mix
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Factors influencing ethical marketing behavior
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Types of MisconductObserved in Organizations
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Codes of Conduct
Codes of Conduct (Codes of Ethics)
Formal statement that describes what an organization
expects of its employees
Not an effective means of controlling ethical behavior
unless integrated into daily decision making
Not effective unless the code has support of top
management
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Codes of Conduct Codes must reflect management’s desire for compliance with values, rules,
and policies
Codes should have six core values:
1. Trustworthiness
2. Respect
3. Responsibility
4. Fairness
5. Caring
6. Citizenship
Codes can help managers deal with ethical dilemmas
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Texas Instruments“Ethics Quick Test”
Is the action legal?
Does it comply with our values?
If you do it, will you feel bad?
How will it look in the newspaper?
If you know it’s wrong, don’t do it!
If you’re not sure, ask.
Keep asking until you get an answer.
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Responsibilities of the marketer
Honesty and fairness
In the Area of Product
Development and
Management
Rights and Duties of
Parties in the Marketing Exchange Process
In the Area of Marketing Research
Organizational
Relationships
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• Nike has been criticized about NOT being socially responsible• Child labor and exploiting lower income U.S. families
Case Study Nike
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Conclusion
Importance is increasing
Have become necessities due to:
Stakeholder demands
Changes in Federal law
Improve marketing performance and profits
Are important to development of marketing strategy