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Causerelatedmarketinginindia 160911083754
Causerelatedmarketinginindia 160911083754
Sanjay Choure
Assistant Professor Revnath Choure College Saoner
Email: rccsaoner@gmail.com
Mob:09766491596
Marketing is 'the management process
responsible for identifying, anticipating and
satisfying customer or consumer
requirements profitably.
Social marketing recognises that consumers'
brand requirements are important but it also
takes into account the needs and
expectations of the wider community.
Cause Related Marketing has become an
important ingredient of the marketing mix.
Cause Related Marketing is a commercial
activity by which businesses and charities (or
causes) form a partnership with each other to
market an image, product or service for mutual
benefit. It is a marketing tool used to help
address the social issues of the day, through
providing resources and funding, whilst at the
same time addressing important business
objectives. When Cause Related Marketing
works well, everyone wins - the company, the
cause and the consumer. In business terms, this
is known as a win/win/win situation.
Cause-Related Marketing has been defined as
the process of formulating and implementing
marketing activities that are characterized by
an offer from the firm to contribute a
specified amount to a designed cause when
customers engage in revenue providing
exchanges that satisfy organizational and
personal objectives (Varadarajan and Menon,
1988).
The term ‘Cause Related Marketing’ was actually
coined during a 1983 campaign by American Express