Sustainability & Stakeholder Marketing

Instructor:     

 

Subhasis Ray, Professor of Marketing, Xavier Institute of Management XIMB 

 

Workload:

6 ECTS

45 contact hours; 139 student work hours

 

Prerequisites:

None

 

Aim of the Course:   

 

As the world looks towards a post carbon, sustainable lifestyle, the role of marketing is facing increasing scrutiny. For the last fifty years, the marketing function has aggressively focused on customer acquisition and market share, brushing aside the emerging views of other stakeholders like governments, civil society and social problems like hunger and poverty. As a result, more products, services and projects are facing criticism than ever before with an ever increasing public cynicism of the claims made by brands. Corporations are increasingly being challenged to act in ways that serve the best interests of society. Sustainable Development which calls for addressing social and environmental concerns, spurred by over or unhealthy consumption, has been broadly ignored by marketing professionals.

 

Things are changing. Today, pioneer brands  are aggressively seeking strategies that can allow them to “do well by doing good,” leaving a positive “footprint” on the world and avoiding actions that could harm consumers, employees, investors, competitors, suppliers, and the general public.  This has resulted in a need to incorporate a more broad-based and inclusive approach in corporate branding, product development, packaging, communication, pricing and distribution.

 

This course investigates the nature and implications of sustainable development and stakeholder orientation for corporate sustainability. It is targeted at students who are curious to understand the interrelationship between marketing and society and would like to explore how marketing can create a better world.

 

At the end of the course, students are expected to have an understanding of

 

  • The importance of linking stakeholders and sustainable development to marketing strategy
  • Role, nature and importance of social and environmental concerns for business and marketing strategists
  • Societal context and social responsibility of brands
  • Aligning sustainability strategy with business/marketing strategy?
  • Using sustainability based innovations for brand differentiation?
  • Managing marketing with a triple bottom line approach

 

 

Course Content:       

 

Topic 1. Marketing in the Twenty- First Century: Critical perspectives

Topic 2. Need for a stakeholder centric marketing orientation

Topic 3. Socio Ecological problems and opportunities

Topic 4. Sustainable Consumer behaviour

Topic 5. Sustainability, Marketing values and Objectives

Topic 6. Marketing strategy, stakeholders & sustainability

Topic 7. Sustainability Innovations

Topic 8. Challenges in Sustainable product development

Topic 9. Sustainability and Marketing Communication

Topic 10. Marketing and climate change

Topic 11. Business and poverty: new models

Topic 12. Marketing @bottom of the pyramid

Topic 13. Building ethical brands

Topic 14. Socially responsible supply chains and global brands

 

 

Teaching methods:   

 

This course uses a blended-learning approach, incorporating self-study, face-to-face classroom delivery, and group work. Key course content will be delivered in classroom sessions

 

Literature: 

 


  • Jill M. Ginsberg and Paul N. Bloom, “Choosing the Right Environmental Marketing Strategy,” MIT Sloan Management Review, Fall 2004, pp. 79-84.
  • Darren Bush and Betsy D. Gelb, “When Marketing Practices Raise Antitrust Concerns, MIT Sloan Management Review, Summer 2005, pp. 73-81.
  • Smith, Craig N., Drumwright, E. Minette and Gentile Mary C. 2010. The New Marketing Myopia. Journal of Public Policy & Marketing. Vol. 29 (1)
  • Bhattacharya, C.B. and Daniel Korschun (2008), ‘Stakeholder Marketing: beyond the 4Ps and the Customer,” Journal of Public Policy & Marketing, 27 (Spring), 113-16.
  • N. Craig Smith, and David Vogel (2004), “Integrating Social Responsibility and Marketing Strategy: An Introduction,” California Management Review, 47 (Fall), 6-8.
  • Yaziji, Michaoel (2004), ‘Turning Gadflies into Allies,’ Harvard Business Review, 82 (February), 110-15.
  • Ray, S 2008, 'A case study of shell at Sakhalin: having a whale of a time?', Corporate Social Responsibility & Environmental Management, 15, 3, pp. 173-185.

 

 

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