Today, we expect big companies to be good citizens of the world – Chevron, Nike, Gap, Starbucks, Pepsico and others produce annual reports on their acts of corporate or social responsibility. The reports are posted proudly on company websites, and the companies are truly making progress in cleaning up their act. But being a good citizen is generally a response to external pressures - it's not part of most companies' DNA.
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Retailers like TOM’s have made it a central part of their business proposition to creatively and tangibly take on big social, economic or environmental issues while also providing products that U.S. consumers want to buy. These companies have figured out that taking action on a human scale and letting the customer in on the act is cool, and creates a reason to be brand loyal.
And as Carol Phillips points out in her Millennial Marketing blog, this type of do-good positioning really resonates with millennials. As Phillips points out "One of the most cherished Millennial values is 'making a difference'. This makes cause marketing a natural choice for many Millennial marketers."
What is your favorite do-good brand?
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