From pink ribbons to Product Red, cause marketing adroitly serves two masters, earning profits for corporations while raising funds for charities. Yet the short-term benefits of cause marketing—also known as consumption philanthropy—belie its long-term costs. These hidden costs include individualizing solutions to collective problems; replacing virtuous action with mindless buying; and hiding how markets create many social problems in the first place. Consumption philanthropy is therefore unsuited to create real social change.
Content: Article
Author: Angela M. Eikenberry
Source: Stanford University
Subjects: Marketing / Sales, Social Responsibility (ESG)
Author: Angela M. Eikenberry
Source: Stanford University
Subjects: Marketing / Sales, Social Responsibility (ESG)
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