The societal marketing concept holds that the organization should determine the needs, wants, and interests of target markets. It should then deliver the desired satisfactions more effectively and efficiently than competitors in a way that maintains or improves the consumer's and the society's well-being. The societal marketing concept is the newest of the five marketing management philosophies. The societal marketing concept questions whether the pure marketing concept is adequate in an age of environmental problems, resource shortages, worldwide economic problems, and neglected social services. It asks if the firm that senses, serves, and satisfies individual wants is always doing what's best for consumers and society in the long run. According to the societal marketing concept, the pure marketing concept overlooks possible conflicts between short-run consumer wants and long-run consumer welfare. Consider the Coca-Cola Company.
Most people see it as a highly responsible corporation producing fine soft drinks that satisfy consumer tastes. Yet certain consumer and environmental groups have voiced concerns that Coke has little nutritional value, can harm people's teeth, contains caffeine, and adds to the litter problem with disposable bottles and cans.
Such concerns and conflicts led to the societal marketing concept. As Figure 1,5 shows, the societal marketing concept calls upon marketers to balance three considerations in setting their marketing policies: company profits, consumer wants and society's interests. Originally, most companies based their marketing decisions largely on short-run company profit. Eventually, they began to recognize the long-run importance of satisfying consumer wants, and the marketing concept emerged. Now many companies are beginning to think of society's interests when making their marketing decisions. One such company is the international corporation Johnson & Johnson, which stresses community and environmental responsibility.
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The Societal Marketing Concept
The societal marketing concept emphasizes the crucial balance between company profits, consumer desires, and societal welfare in marketing strategies. It highlights the need for organizations to address environmental concerns, resource shortages, and social issues while delivering products or services. This approach is particularly relevant in today's age of heightened awareness about environmental sustainability and social responsibility. Companies like Johnson & Johnson exemplify this concept by prioritizing community and environmental responsibility in their marketing decisions. Integrating societal interests into marketing policies ensures long-term sustainability and enhances brand reputation. Utilizing social media video production can further amplify these efforts, engaging audiences and fostering awareness of corporate initiatives.