Dimensions and Consequences of Cause Related Marketing: A Conceptual Framework

Marketer these days are expected to satisfy all stakeholder and the most important stakeholder is general public, that exist in the society. Companies across the world are engaging in philanthropic strategies like Cause Related Marketing (CRM) in which company agrees to contribute fixed amount towar...

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Bibliographic Details
Published in:Abhigyan (New Delhi) 2020-10, Vol.38 (3), p.20-29
Main Authors: Bhardwaj, Anu, Khan, Bilal Mustafa, Nath, Vikas
Format: Article
Language:English
Subjects:
Consumer behavior
Consumer preferences
Corporate social responsibility
Impending
Marketing
Marketing research
Philanthropy
Social responsibility
Stakeholders
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Summary:Marketer these days are expected to satisfy all stakeholder and the most important stakeholder is general public, that exist in the society. Companies across the world are engaging in philanthropic strategies like Cause Related Marketing (CRM) in which company agrees to contribute fixed amount towards selected social cause for each unit sold. This paper undertakes methodical analysis of prevailing work for better understanding and recording of the dimensions impacting CRM strategy and it possible consequences. This researcher deliberate on variables, that have not be studied together before. For better understanding and execution, dimensions of CRM, have been categorized into Consumer specific and Company specific. This study aims to propose an integrated conceptual framework of interrelationships of variables that have potential to mitigate the impending problems of organization. Finally, it suggests that relationship exists amid the dimensions and consequences of CRM. This study will have social, managerial and academic implications.
ISSN:0970-2385
2583-1445
DOI:10.56401/Abhigyan_38.3.2020.20-29