Marketing During Macroenvironmental Crises and Societal Impacts
摘要
Macroenvironmental crises such as economic recessions, pandemics, or any similar type of crisis are severe public concerns and trigger disastrous socio-economic and political crises in countries, and pose significant business challenges. While primarily economic crises often pressure businesses to prioritize short-term economic gains over long-term initiatives, they also expose opportunities for sustainable innovation and developing more resilient and equitable systems. This chapter argues that businesses should adopt proactive, more comprehensive strategies and increase investment in sustainable marketing solutions and communication. Thus, it is suggested that the management of organizations shift their approaches from short-term profit maximization to a holistic approach that prioritizes society’s welfare and environmental well-being alongside economic viability. This chapter highlights the importance of continued and potentially increased investment in marketing, focusing on “sustainable solutions” and addressing heightened social responsibility concerns. Ultimately, integrating sustainability into marketing strategies is not merely a matter of corporate social responsibility but a crucial component of long-term business success in an increasingly volatile and uncertain world. Integrating sustainability into marketing strategies is essential for navigating crises effectively and ensuring a more resilient and equitable future.