Ethical Issues Of Marketing Marketing Ethics - 871 Words

Ethical issues in Marketing - Marketing ethics deals with the moral principles behind the operation and regulation of marketing. Possible fundamental frameworks of analysis for marketing audit are: - Value-oriented framework, ethical problems on the basis of the values which they infringe honesty, autonomy, privacy, transparency. †¢ - Stakeholder-orientated framework, analyzing ethical problems on the basis of whom they affect: consumers, competitors, society as a whole †¢ - Process-orientated framework, analyzing ethical problems in terms of the categories used by marketing specialists; Research, price, promotion, placement Specific issues in marketing ethics: - Market research: ethical danger points in marketing research include: - Invasion of privacy – Stereotyping Market audience: ethical danger points include - targeting the vulnerable children, the elderly - Excluding potential customers from the market: selective marketing is used to discourage demand from undesirable market sectors or disenfranchise them altogether. Pricing ethics: list of unethical pricing practice: - Price fixing - Price skimming - Price discrimination - Price wars - Bid rigging - Dumping - Advertising and promotion, ethical pitfall: Issues over truth and honesty. Issues with violence, sex and profanity. Taste and controversy and negative advertising CRM systems are customer relationship management platforms. The goal of the system is to track, record, store in databases, and then theShow MoreRelatedEthical Issues Of Marketing Ethics1924 Words   |  8 PagesPatricia Werhane, â€Å"Ethics can be defined as the study of whatever is right and good for humans.† Ethics are defined as rules of behavior, code of conduct, ability to distinguish between the good and the bad. In general, ethical marketing is a process through which an organization or a company sells its products and services by using the fair means of ethical principles there by creating a strong customer relationship resulting in an increased value of stakeholders. 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