SOCIAL RESPONSIBILITY AS A MARKETING STRATEGY TOOL

Keywords: social responsibility, marketing strategies, enterprises, business

Abstract

In today's dynamic business environment, integrating social responsibility into marketing strategies has become a vital approach for companies seeking long-term success and sustainability. This article examines the role of social responsibility in shaping effective marketing strategies that resonate with contemporary consumer values and societal expectations. By aligning corporate social responsibility (CSR) initiatives with core business goals, companies can enhance brand reputation, increase customer loyalty, and gain competitive advantage. The article delves into various aspects of social responsibility, including sustainable product development, ethical business practices, and community engagement. Through a combination of qualitative and quantitative analysis, the study examines examples of successful integration of CSR into marketing strategies, highlighting the benefits and challenges associated with this. The findings highlight that companies that use CSR as a marketing tool can not only make a positive contribution to society and the environment, but also generate significant business profits. In addition, high international standards of social responsibility of business entities testify to how successful and profitable social responsibility can be in the long term. Modern conditions require an innovative approach to the development of enterprises, and social responsibility, which acts as a system of relationships with stakeholders, becomes a key direction of this development. Integrating social responsibility into all aspects of the company's activities, including its philosophy and strategy. Ultimately, this article provides valuable information for companies seeking to navigate the complexities of modern marketing while fulfilling their social and ethical responsibilities.

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Published
2024-06-24
How to Cite
Resler, M., & Halyo , Y. (2024). SOCIAL RESPONSIBILITY AS A MARKETING STRATEGY TOOL. Economy and Society, (64). https://doi.org/10.32782/2524-0072/2024-64-118
Section
ENTREPRENEURSHIP, TRADE AND STOCK EXCHANGE ACTIVITY