Categories: Marketing

What is Enlightened Marketing ?

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<p align&equals;"justify">The philosophy of Enlightened Marketing is based on an important factor that a company’s marketing should consider the best long run performances of the marketing system&period; Enlightened marketing takes consumer’s perception about the product as most considerable&semi; evade any depleted approaches&comma; the social impact matters&comma; pass on the real value for the price and proves the business to be as socially responsible as much as profitability&period; This represents a viewpoint that a company’s marketing system should be consumer oriented&comma; innovative&comma; and favorable to society&comma; provides a long term value and is based on a sense of commitment or mission&period;<&sol;p>&NewLine;<h2>Five Principles of Enlightened Marketing<&sol;h2>&NewLine;<p align&equals;"justify">Following are the five principles related to enlightened marketing&colon;<&sol;p>&NewLine;<h2>Consumer Oriented<&sol;h2>&NewLine;<p align&equals;"justify">The enlightened marketing believes that a company should analyze all its policies and operation according to consumer’s perspective&period; For instance&comma; a company may design a flashy and complex ENLIGHTENED MARKETING Website that has an impressive outlook&semi; unless it draws the consumer’s attention or navigates them easily it may seem frustrating&period; A specific store layout may be very efficient for restocking however&semi; the consumer is interested to look out for what’s quickly available to him&sol;her&period; A consumer oriented marketing shows company’s operation from a consumer’s viewpoint&period; <&sol;p>&NewLine;<h2>Innovation<&sol;h2>&NewLine;<p align&equals;"justify">A company that follows enlightened marketing seeks for a constant improvement in products and innovation&period; The company works on improving its strategies&comma; products and operations on an ongoing basis&period; For instance&comma; a product gets redesigned for the betterment or to last longer at the same price&period; Enlightened marketing suggest that this innovation will be highly appreciated by the consumers and as a result will be rewarded by market in the long run&period; <&sol;p>&NewLine;<h2>Societal Impact<&sol;h2>&NewLine;<p align&equals;"justify">&lbrack;large&rsqb;Any product or service can be low priced&comma; high quality and may fulfill the desired needs of the consumer&period; However&comma; if it doesn’t consider the societal impact of a product on the environment it may lead to a powerful failure&period; One type derives from a petroleum based plastic and the other from a vegetable oil based plastic&period; The company who takes the impact of a product on consumer as a central part of marketing will enjoy a beneficial position in a society that is increasingly conscious of the impact of its preferences&period;&nbsp&semi; <&sol;p>&NewLine;<h2>Value<&sol;h2>&NewLine;<p align&equals;"justify">This principle of enlightened marketing holds out the viewpoint that a company should focus on producing such product that delivers a real value over the long run rather than focusing on gaining more profits&period; For instance&comma; an automobile manufacturer designs vehicles that has a good fuel efficiency and high safety ratings rather than putting an emphasis on building a fastest and a less expensive car&period; The firm should concentrate on such investments that are expected to deliver reliable returns over some time instead of riskier short term profits&period; <&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<h2>The Corporate Mission<&sol;h2>&NewLine;<p align&equals;"justify">The company needs to define a broad mission of its policies and operation in societal terms&period; The enlightened marketing puts forth an emphasis on the benefits of employees and society as a whole&period; The enlightened marketing does not contradict the profitability of a company in comparison to the ethical principles&semi; rather it considers the ethical principal as an equal contributor for long term success of the business&period; <&sol;p>&NewLine;<p align&equals;"justify">The above mentioned principles of enlightened marketing explain how marketing decision is made according to the consumer’s wants and long run interests of the society in general&period;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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