Doing well by doing good—case study: ‘Fair & Lovely’ whitening cream
Aneel Karnani
Strategic Management Journal, 2007, vol. 28, issue 13, 1351-1357
Abstract:
According to the ‘doing well by doing good’ proposition, firms have a corporate social responsibility to achieve some larger social goals, and can do so without a financial sacrifice. This research note empirically examines this proposition by studying in depth the case of ‘Fair & Lovely,’ a skin whitening cream marketed by Unilever in many countries in Asia and Africa, and, in particular, India. Fair & Lovely is indeed doing well; it is a profitable and fast‐growing brand. It is, however, not doing good, and I demonstrate its negative implications for public welfare. I conclude with thoughts on how to reconcile this divergence between private profits and public welfare. Copyright © 2007 John Wiley & Sons, Ltd.
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:bla:stratm:v:28:y:2007:i:13:p:1351-1357
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