Marketing and Its Social Implications: Concerns and Initiatives

Marketing and Its Social Implications: Concerns and Initiatives

DOI: 10.4018/IJSESD.2022010103
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Abstract

Companies adopt marketing practices to delight their customers, develop customer relationships, and generate revenues and profits. However, sometimes, companies focus solely on their selfish motives of growth and prosperity forgetting about customer welfare and welfare of the society. Marketers are criticized for such practices and the negative impact created on the society. The practices include high prices of products, high distribution costs, high advertising and promotion costs, excessive mark-ups, deceptive practices, high-pressure selling, questionable products, planned obsolescence, and poor service to disadvantaged customers. Marketers are criticized for creating false wants and materialism, scarcity of social goods, and cultural pollution. They are accused of harming and reducing competition. In this age of social marketing, companies should consider societal concerns of various stakeholders and maintain a balance between their own objectives of generating revenues and profits and long-term societal requirements. This will help in sustaining the society.
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2. Marketing And Its Impact On Individual Customers

Customers are concerned and worried about how the marketing systems of different countries serve the interests of customers. Research proves that customers hold mixed or even slightly unfavorable attitudes towards marketing practices (Irwin & Naylor, 2009). Government agencies, social critics, and customer groups accuse marketers and their practices of harming customers through high prices, deceptive practices, high-pressure selling, shoddy or unsafe products, planned obsolescence, and poor service to disadvantaged customers. The practices are questionable and are not sustainable in the long run with respect to consumer or business welfare (Korschun, Bhattacharya, & Swain, 2014).

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