Challenging Competition with CSR: Going Beyond the Marketing Mix to Make a Difference
Du Shuili () and
Sen Sankar ()
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Du Shuili: Assistant Professor of Marketing, University of New Hampshire, Durham, New Hampshire, USA
Sen Sankar: Professor of Marketing, Baruch College, City University of New York, New York, USA
NIM Marketing Intelligence Review, 2016, vol. 8, issue 1, 18-23
Abstract:
Social initiatives that make a difference for the consumers are able to win consumers’ hearts and build close and lasting relationships. A program that offers real participation and goes beyond the standard marketing mix can therefore effectively reshape the competitive game with a market leader. Key consumer/societal problems present unprecedented opportunities for companies to gain long-term competitive advantages by creating both social and business value. We show how making a noticeable difference in the quality of oral health care of the children in Hispanic immigrant communities helped an American brand gain significant ground in this market. Rather than competing head-to-head against the market leader by making incremental improvements in product attributes or relying on price promotions, the challenging brand resorted to an innovative CSR initiative.
Keywords: CSR; Competitive Advantage; Differentiation; Relationship Marketing; Communication (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:gfkmir:v:8:y:2016:i:1:p:18-23:n:1003
DOI: 10.1515/gfkmir-2016-0003
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