How do you ensure social responsibility and accountability in cause-related marketing?
Cause-related marketing (CRM) is a strategy that links a brand or a product with a social or environmental cause, such as fighting hunger, protecting wildlife, or supporting education. CRM can help businesses boost their reputation, customer loyalty, and sales, while also contributing to a positive social impact. However, CRM also involves ethical dilemmas and challenges, such as choosing an appropriate cause, avoiding greenwashing or pinkwashing, and ensuring transparency and accountability. In this article, you will learn how to ensure social responsibility and accountability in cause-related marketing, and how to avoid some common pitfalls and risks.