Corporate Social Responsibility
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CSR has become the norm, but whether or not a company’s intent
is motivated by profit or guided by a genuine altruist need to improve the
world remains a contentious issue…. The same can be witnessed of companies interested
attracting millennials. The Question is do they really care? If they don’t,
they really should. Dan
Schawbel’s article on Forbes remind us of this: “There are eighty
million millennials in America and we represent fourth of the world population
with 200 billion in buying power.” Were rock stars! As Schwabel states
many companies believe that millennials hold influence over older generations
and are trendsetting across all industries, and ignore traditional methods of
advertising and marketing.
A few weeks ago I, had a conversation about branding, and what I
feels connects well with millennials. What I took from the conversation is that
millennials will not be satisfied with boilerplate media placement and
advertising. No way! Social engagement is required to attract millennials who
want to virtually see what companies are doing and how. More importantly how it
could possible benefit them. Millennials care more about political
progressiveness, social issues and what companies are doing and saying about
them. Following the norm of traditional marketing obviously outdated and
ineffective. So the biggest stake out here is for companies to get involved
with an issue that millennials are talking about on social media, and use this
to integrate it their marketing campaign.
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