CSR
The market for marketing

Things are changing in marketing. In the old days you'd take out an ad to get your product/service under the nose of your customer, then sit back and wait for the orders to come in. Those were the days of monolithic media, where exposure to your stuff was limited and controllable. Things have moved on now of course and your customers can be exposed to your product in ways you may not even know about, let alone control. Take Facebook for example.
Social media is just one strand of the web though, and emerging technologies will no doubt have a few surprises in store for all of us. In this new, fast moving environment, companies are under more pressure than ever to communicate more than just why they think their product beats that of their competition. Through crowd-powered activities such as Twitter, 38 Degrees, Digg, and many others, if your house isn't in order, and shown to be such, you could be in for a nasty surprise. Things move fast in cyberspace.
Being proactive and open about the impact of your business on communities and the environment can prove to be beneficial to your bottom line when potential customers are surfing for information (other than how much 'x' costs). A recent case study by Marks and Spencer shows their 'Plan A - 100 commitments to tackling key issues on climate change, waste, sustainable raw materials' initiative broke even early and added 50 million GBP to their bottom line in 2009/10, according to their 'How We Do Business' report.

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