There is still no universal approach to marketing ethics. However, it is an important factor in encouraging marketing decisions that are acceptable to the company as well as being beneficial to society. Social responsibility in marketing refers to the organization’s duty to maximize its positive influence and minimize the negative impact on society. Because if ethics refers to moral values that guide decision-making by individuals, social responsibility affects the influence of the organization’s decisions and society in general.
Business Ethics and Social Responsibility
What Racism Costs Us All
Joseph Losavio. “What Racism Costs Us All.” IMF. September 2020. https://www.imf.org/en/Publications/fandd/issues/2020/09/the-economic-cost-of-racism-losavio.
The Economic Cost of Gender-Based Discrimination in Social Institutions
Gaëlle Ferrant and Alexandre Kolev. “The economic cost of gender-based discrimination in social institutions.” OECD Development Centre. June 2016.