International Journal of Marketing and Technology
  • Year: 2016
  • Volume: 6
  • Issue: 4

Strategic Integration of authentic CSR, Spiritualism & Integrated marketing Communication: Farsighted Foundation of Emerging Economy

  • Author:
  • Priti Verma
  • Total Page Count: 17
  • Page Number: 60 to 76

Assistant Professor, Business Communication School of Business Studies, Sharda University, Greater Noida, U.P.

Online published on 2 March, 2017.

Abstract

The paper intends to prepare a feasible strategy for marketing, CSR, business success and overall growth of shareholders and stakeholders in an emerging economy. It introduces a conceptual framework that provides an encompassing view of Marketing and CSR along with its prerequisites: ethics and spiritualism, and its outcomes: benefit to all. The businesses cannot hope to enjoy concrete benefits from either bare materialistic marketing or from mere CSR activities, unless these are strategically integrated and then intelligently communicated to relevant stakeholders. Further, the genuineness of these activities requires spiritual mind-set and awareness.consumers, today, go farther from the utility of products and services to welfare activities. The establishment of value based society is a great responsibility today. How can a business as well as a society that consists of human beings and that is meant for human beings, flourish, grow, prosper and survive without human concern ?Our article both identifies new insights and extends extant theory by building on previous research. The paper provides a platform for further research.

The paper intends to prepare a feasible strategy for marketing, CSR, business success and overall growth of shareholders and stakeholders in an emerging economy. It introduces a conceptual framework that provides an encompassing view of Marketing and CSR along with its prerequisites: ethics and spiritualism, and its outcomes: benefit to all. The businesses cannot hope to enjoy concrete benefits from either bare materialistic marketing or from mere CSR activities, unless these are strategically integrated and then intelligently communicated to relevant stakeholders. Further, the genuineness of these activities requires spiritual mind-set and awareness. The objective is based on a string of questions: Can economy grow without successful business? Can business flourish without integrated marketing communication(IMC)?, Can IMC carry meaning beyond profit? Can CSR integrated with marketing communication help in getting an edge over rivals ?Is there a genuine commitment to corporate social responsibility or is it a mere superficial cause promotions and cause related marketing? Can genuine CSR exist without ethics and spiritualism? And finally can our strategic mode be useful in an emerging economy?

The approach is qualitative and conceptual one. The secondary information available in the books, journals, magazines, newspapers and on the websites has been extensively used.

Keywords

CSR(corporate social responsibility), IMC(Integrated marketing communication), Spiritualism, Profit, genuine