Marketing
Code of Ethics
by Alyson Paige, Demand Media
National and international organizations have developed marketing
codes of ethics to guide business practices. When a business commits to a
marketing code of ethics, it commits to conducting its affairs with integrity
and with the customer's well-being in mind. The Business Marketing Association
(BMA) lists "branding, promotion, sales support, institutional and
financial relations and community outreach" as areas of marketing good
conduct. Categories for marketing ethics may include ethical norms and values
as defined by the American Marketing Association (AMA), along with means of
implementation.
Step 1
Define ethical norms to guide business protocol. These norms might
include devising practices that do no harm and developing procedures that build
and sustain consumer confidence. Make sure, for example, that all distributors
have equal access to sales incentives, the BMA recommends.
Step 2
Specify ethical values as they relate to your business. Commit to
ethical values, such as honesty, responsibility and citizenship, to name only
three. Honest business practices communicate truth to partners, customers and
shareholders. When you practice responsible business, you and your company take
responsibility for the consequences of your marketing strategies. Good
citizenship, suggests the AMA, includes protecting the environment in marketing
campaigns. Recycle your marketing materials, for example.
Step 3
Implement marketing ethics that are relevant to your specific
business activity. The AMA advises businesses to build upon marketing ethical
norms and values to meet specific practices. Ethical norms include broad
concepts such as "do no harm" and "foster trust in the marketing
system."
Step 4
Implement AMA ethical norms and values in marketing activities.
The AMA advises marketing ethics in such areas as "marketing research,
e-commerce, Internet selling, direct marketing and advertising." In these
and all marketing areas, implement ethical values in such activities as
striving to meet customers' needs, never engaging in price fixing and
acknowledging the efforts of employees and consultants, the AMA recommends.
No comments:
Post a Comment