28 October 2020  in  Blog Post

What is cause-related marketing? It is a collaboration between a corporation and a non-profit designed to promote the former’s sales and the latter’s cause. Consumers expect brands to be socially responsible: 70% of consumers want to know how brands are addressing social and environmental issues; and 46% of consumers pay close attention to a brand’s action. Cause marketing can refer to social or charitable causes put on by for-profit brands. Typically, a brand will want to associate with a nonprofit to increase their corporate social responsibility. In exchange for their ethical contributions, nonprofits can create more awareness for their organization. These three books give some insight of how to incorporate strategies and develop plans for your organization. 

 

 

  • Global Cause Marketing: Future-Proof Your Brand by Peter Hirsh 

    • Summary: In this book, you will understand the 21st century of the new marketing world. The principles cause capitalism to teach you how to help you get the most out of life. This book encourages and excites you to the point of action. This book is like a road map to creating a life of significance, it creates a paradigm-shifting experience on the impact that social entrepreneurship can have on your business and life. The rules of business have changed and if you don't change with them, your business and livelihood may very well become obsolete in the very near future.
    • https://youtu.be/lRkILxli_HQ

 

  • Good Works!: Marketing and Corporate Initiatives that Build a Better World...and the Bottom Line by Nancy Lee

    • Summary: Businesses can do well by doing good. This book incorporates social initiatives and requires a delicate act between generating financial and social dividends. Good Work is a book for business builders, not a Corporate Social Responsibility treatise. It is for capitalists with the hearts and smarts to generate positive social impacts and bottom-line business results. 

 

Cause marketing is important to build a company’s reputation and strengthen its brand while driving positive outcomes for society. Cause marketing makes brands a highly-valued member of the community it serves. A new generation brings in new values, businesses must learn to pivot their strategies in order to keep up. 

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