ethical consumerism

(noun)

consumption of goods and services with a conscious awareness of ethical and environmental implications

Related Terms

  • consumerism
  • conspicuous consumption

Examples of ethical consumerism in the following topics:

  • Forces in Consumerism

    • An example of ethical consumerism is consciously purchasing coffee from a cafe that buys fair trade coffee beans.
    • Example of ethical consumerism would be consciously purchasing coffee from a cafe that buys fair trade coffee beans.
    • Consumerism today is an international phenomenon.
    • The rise in popularity of ethical consumerism over the last two decades can be linked to the rise of the Corporate Social Responsibility (CSR) movement.
    • However, the practice of ethical consumerism is in its nascent stages and far from universal.
  • Consumerism and Advertising

  • Social Responsibility and Welfare of Customers

    • The emergence of consumerism during the 1960s intended to increase consumer influence, power, and rights in dealing with corporate institutions.
    • Today, many of the ethical issues arising from consumer health and safety concerns have led to practices that prevent or reduce the frequency of unethical behavior in companies.
    • Organizations are expected to have a "code of conduct" or set of ethical policies that help guide employees, partners and suppliers in safe, legal, and fair business practices.
    • Though organizations establish corporate ethics policies to facilitate the process of recovery in the case of an ethical scandal, it also serves to promote ethical standards throughout the organization.
    • Marketing organizations communicate these values by developing campaigns and programs designed to influence behavior that improves both the consumer's personal welfare and that of society.
  • The Challenge of Globalization

    • The 2008 financial collapse is a wonderful yet terrifying example of exactly what can go wrong and why corporate governance and ethics is of such importance to both a business and the society in which it operates.
    • Leading up to the mortgage-backed security fallout of 2008, banks and investors began to move down the path of profitability over ethical concern.
    • Managers must also be particularly aware of the current criticisms of a highly global society, particularly as it pertains to ethical and environmental considerations.
    • This global culture is often criticized for taking the place of previously established domestic cultures (and motivating consumerism).
    • Minimizing the damage done to the environment, and offsetting it as best as possible through philanthropic giving, is not only a wise marketing move but also a critical ethical consideration.
  • Are Global Corporations Beneficial?

    • Ethics: Arguably the most substantial of the challenges faced by MNCs, ethics have historically played a dramatic role in the success or failure of global players.
    • Maintaining the highest ethical standards while operating in developing countries is an important consideration for all MNCs.
    • Through effectively maintaining ethics and a strong public image, companies should create strategic business units with strong international leadership in order to capture value in a constantly expanding global market.
    • Other commonly raised concerns include damage to the environment, decreased food safety, unethical labor practices in sweatshops, increased consumerism, and the weakening of traditional cultural values.
  • Defining Ethics

    • Ethics are the set of moral principles that guide a person's behavior.
    • Ethics are the set of moral principles that guide a person's behavior.
    • The phrases business ethics and corporate ethics are often used to describe the application of ethical values to business activities.
    • Ethics applies to all aspects of conduct and is relevant to the actions of individuals, groups, and organizations.
    • In addition to individual ethics and corporate ethics there are professional ethics.
  • Training Ethical Decision Making

    • Organizations use compliance and ethics programs to demonstrate and reinforce their commitment to ethical practices.
    • On a more practical level, a compliance and ethics program supports the organization's business objectives, identifies the boundaries of legal and ethical behavior, and establishes a system to alert management when the organization is getting close to (or crossing) a legal or ethical boundary.
    • Most ethics training focuses on clarifying and communicating an organization's ethical code so employees understand what is expected.
    • Some ethics training will also cover the resources available to help employees when they face an ethical dilemma or suspect that someone in the organization has made an ethical breach.
    • In every type of business, ethics are needed to keep business standards high.
  • Consumerization of IT

    • Consumerization is the growing tendency for new IT to emerge first in the consumer market and then spread into business and government organizations.
    • It was the growth of the World Wide Web in the mid 1990s that began the modern pattern of consumerization.
    • It found that consumerization has reached a tipping point.
    • The report also found that a strategic approach to consumerization starts with providing IT support to personal devices.
    • Explain the business and technology implications of consumerization in the technology industry
  • Moral Principles in Management

    • Business ethics deals with the beliefs and principles that guide management decisions.
    • Business ethics (also corporate or professional ethics) is a form of applied ethics that examines the principles and moral beliefs that guide management decisions.
    • This person ensures their organization has statements of ethical principals, clear guideline about acceptable and unacceptable practices, and means of reporting ethical breaches.
    • Availability for advice on ethical situations (i.e., advice lines or offices)
    • Good leaders strive to create a better and more ethical organization.
  • Scanning and Analysis

    • Marketing managers are confronted with many environmental concerns, such as those posed by technology, customers and competitors, ethics and law, the economy, politics, demographics, and social trends.
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