Recently I read a great article, “Marketing Meets Mission” https://hbr.org/2020/05/marketing-meets-mission on how companies, such as Carling Black Label Beer, are using their brand to help promote social change. Written by Myriam Sidibe for the Harvard Business Review, she explains how marketing can be used to change social norms and adopt positive new behaviors, such as handwashing. This growing corporate trend generates “shared value” or when companies build economic value in ways that promote social good. Creating social impact does not just equate with brand awareness and profit, but it can “energize employees”, promote positive social norms, and improve social, environmental and physical well being. Take a look at the article to see some great examples from companies doing great social good, and how other companies can incorporate the “purpose tree” to create “brand advocacy”.
I will definitely be picking up a copy of Myriam Sidibe’s new book, “Brands on a Mission: How to Achieve Social Impact and Business Growth Through Purpose” https://www.amazon.com/Brands-Mission-Myriam-Sidibe/dp/0367428334