Society concious corporates and the consumer

Coca-Cola recently entered into a tie-up with environmental group WWF. As part of a $ 20 m initiative, Coca-Cola is investing in 8 fresh water programmes overseen by WWF in regions where it has bottling operations.In return WWF will advise the drinks firm how to improve it's use of water , make it's bottling operations more efficient and reduce it's carbon footprint.As companies balance their objectives of profits, by focussing on the consumer, while also taking care of society's interests, the Societal Marketing approach to marketing is much in focus.

In an era of environmental problems, resource shortages, population growth, worldwide economic problems and neglected social services, there is a rising need of organisations which are sensitive to these issues to adopt the SOCIETAL MARKETING CONCEPT .

This concept of Marketing leads organisations to determine the needs and wants of target consumers and deliver desired levels of customer satisfaction more effectively and efficiently than competitors in a way that maintains or improves the consumer's and society's wellbeing.

Responding to nutritional concerns across the world, the $11 billion Kellog's company has decided to phase out advertisments targetting younger children for most if their products in case they do not meet nutritional guidelines.Mc Donalds has started churning out advertisments for adults. As consumer advocacy groups fight against anorexia across the world, Uniliver has announced a set of guidelines barring subsidiaries from using excessively thin models in a bid not to promote unhealthy 'slimness' in their advertisements.

Approaches like the above showcase the dedication of the organisations towards consumer welfare and positively influence their credibility. As more and more corporates embrace the concepts of Corporate Social Responsibility and consumer welfare, good corporate citizenship breeds not only consumer satisfaction, but also aids corporates in their efforts towards customer aquisition and retention.