Sustainable Marketing Practices: Balancing Profitability and Social Responsibility in Modern Business
DOI:
https://doi.org/10.59613/za3dz422Abstract
In today's business environment, companies are increasingly adopting sustainable marketing practices to balance profitability with social responsibility. This article examines how modern businesses are integrating sustainability into their marketing strategies to meet consumer demand for ethical and environmentally responsible products. By aligning business goals with environmental and social values, companies can enhance their brand reputation and attract a growing segment of conscious consumers. The study explores key strategies such as green marketing, corporate social responsibility (CSR) initiatives, and the promotion of sustainable supply chains. It also discusses the challenges businesses face in implementing sustainable practices, including the cost of eco-friendly materials and the complexities of measuring long-term impact. The findings suggest that companies that successfully integrate sustainability into their core marketing efforts not only improve their market positioning but also contribute to long-term profitability. The article provides insights into case studies from diverse industries, illustrating how firms are leveraging sustainability to create competitive advantages. Additionally, it highlights the importance of transparency and authenticity in sustainable marketing, as consumers increasingly demand accountability from brands. The research concludes that sustainable marketing is not only an ethical imperative but also a viable business strategy for achieving both financial success and positive social impact.
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Copyright (c) 2024 Dyah Eko Setyowati (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.