Shared Flashcard Set

Details

chapter 3&4 marketing core
environmental scanning & ethical and social responsibility
54
Marketing
Undergraduate 2
02/14/2012

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Cards

Term
The process of continually acquiring information on events occurring outside the organization to identify and interpret potential trends
Definition
environmental scanning 
Term
Enironmental Forces
Definition
social, economic, technological, competitive, regulatory 
Term
shifting of social network and social media to mainstream forms of communication for consumers 
Definition
social 
Term
increasing expectation for authentic and experential relationships with companies and brands 
Definition
social 
Term
growing conern for environmental impact and sustainability 
Definition
social
Term
continued shift to a service economy, including service components of goods 
Definition
economic
Term
growing importance of China India and Africa in the world economy 
Definition
economic
Term
increasing government ownership and management of large businesses and key industries. 
Definition
economic
Term
greater interest in mobile marketing
Definition
technology 
Term
shift from analog to digital technologies in telephone cable and interent industries 
Definition
technology
Term
growing impact of biomimicry or the emulation of nature on innovation 
Definition
technology 
Term
continued outsourcing of routine business processes and decision-making functions
Definition
competitive 
Term
growing difficulty recruiting talent from abroad due to increasingly restictive immigration rules
Definition
competitive
Term
dramatic increases in customer-generated content about competitive option 
Definition
competitive
Term
growing interest in revising federal and state consumer credit regulations 
Definition
regulatory 
Term
greater concern for privacy and personal information collection 
Definition
regulatory 
Term
new regulations related to customer engagement methods suchas e-mail solicitation, promostions and contests 
Definition
regulatory 
Term
demographics
Definition
describing a population in selected characteristics such as age, gender, enthicity, income, and occupation. 
Term
world population
Definition
is suppose to increase tremendously by 2050. India is suppose to have the highest population with china in a close second. 
Term
Babies born in the 40s, 50s, and early 60s. 
Definition
Baby boomers
Term
babies born in late 60s to late 70s 
Definition
Generation X 
Term
babies born in late 70s to early 90s, baby boomers having chilren. 
Definition
Gernation Y 
Term
marketing programs that reflect unique aspects of different races
Definition
multicultural marketing 
Term
consumer income consists of 
Definition
gross, disposable, and discretionary income 
Term
gross income 
Definition
total amount of money made in a year by one person, household, or family 
Term
disposable income 
Definition
money a consumer has left after paying taxes to use for necessities such as food, housing, clothing, and trasnportation. 
Term
discretionary income 
Definition
money that remains after paying for taxes and necessities 
Term
a movement started to increase the influence, power, and rights of consumers in deaing with institutions 
Definition
consumerism 
Term
excluding others from making, using, or selling  anything close to what you invented/made
Definition
patent law 
Term
give the author of music, literacy, or art the right to call it their own and not have anyone steal it 
Definition
copyright law 
Term
fixing a price between competitors so you can get the highest prices 
Definition
price fixing 
Term
buying memory on the internet this is completely unlimited by keeping data and other things unimaginable 
Definition
cloud computing 
Term
moral principles and values governing the actions and decisions of people or groups 
Definition
ethics 
Term
ethical and legal 
Definition
are not necesarily the same 
Term
are standards of behavior that are enforcebale in court 
Definition
laws
Term
who makes decisions using ethics? 
Definition
marketers 
Term
societal culture and norms 
Definition
values ideas and attitudes that are learned and shared among the members of a group. moral standards are relative to each society 
Term
business culture and industry practices 
Definition
societal has paved an understand for this, but the culture in business is a way to act when  competition comes about and unethical behavior may arise. 
Term
clandestine collection of trade secrets or proprietary information about a company's competitiors 
Definition
economic espionage 
Term
giving someone money in exchange for their vote, or their support in something. 
Definition
bribary 
Term
set of values ideas and attitudes that is learned and shared among the members of an organization 
Definition
corporate culture
Term
a formal statement of ethical principles and rules of conduct 
Definition
code of ethics 
Term
employees that report an employer's unethical or illegal behavior 
Definition
whistle blowers 
Term
a personal moral philospohy that considers certain indiviudal rights or duties as universal regardless of the outcome 
Definition
moral idealism 
Term
a personal moral philosophy that focuses on the "greatest good for the greatest number" 
Definition
utilitarianism 
Term
the idea that organizations are part of a larger society and are accountable to that society for their actions 
Definition
social responsibility 
Term
profit responsibility, stakeholder responsibility, societal responsibilty 
Definition
three concepts of social responsibility 
Term
companies have a simple duty..to maximize profits for their owners or stockholders 
Definition
profit 
Term
focuses on the obligations an organization has to those who can affect achievement of it objectives 
Definition
stakeholder
Term
refers to obligations that have to the preservation of the ecological environment and to the gerneral public
Definition
societal 
Term
market efforts to produce promote and reclaim environmentally sensitive products 
Definition
green market "go green"
Term
tying the charitable contributions of a firm directly to sales produced through the promotion of one of its products 
Definition
cause marketing 
Term
a systematic assesment of a firm's objectives strategies and performance in the domain of social responsibility 
Definition
social audit 
Term
how many steps does a social audit have?
Definition
5
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