Implementation of sustainable marketing concept in a company as a prerequisite to survive on global market

Modern economy, based on knowledge and embodied in large capital and powerful corporations capable of imposing their interests and influences throughout the world, is evolving towards the consolidation, unification and birth of new forms of colonialism and domination. The emergence of new technologi...

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Main Authors: Petković Nebojša, Milovanović Goran
Format: Article
Language:English
Published: Srpsko udruženje za marketing 2019-01-01
Series:Marketing (Beograd. 1991)
Subjects:
Online Access:https://scindeks-clanci.ceon.rs/data/pdf/0354-3471/2019/0354-34711901024P.pdf
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author Petković Nebojša
Milovanović Goran
author_facet Petković Nebojša
Milovanović Goran
author_sort Petković Nebojša
collection DOAJ
description Modern economy, based on knowledge and embodied in large capital and powerful corporations capable of imposing their interests and influences throughout the world, is evolving towards the consolidation, unification and birth of new forms of colonialism and domination. The emergence of new technologies, new products and markets is a new challenge for companies that are forced to question their marketing approaches and adjust strategies in the unstable business environment. Sustainable development in the global "economy of planned product obsolescence* presupposes the review of ethical and environmental principles as well as a shift towards consumer-oriented sustainability. The new approach starts from the consumer and his concern for himself, the community and nature. The aim of this paper is to prove, based on the systematization and analysis of scientific knowledge from relevant scientific literature and contemporary business practice, that in the global economy, companies' perspectives increasingly depend on their ability to innovate in their marketing approaches and responses to consumer, society and nature demands. In order to reach such evidence, the authors analyze the characteristics of the global economy, the relationships between corporate social responsibility and globalization, the mission of sustainable development in the global economy and the role of responsible consumption.
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spelling doaj.art-9f8fbc7cf44a4a2193fc9ef937e76f012022-12-22T00:43:41ZengSrpsko udruženje za marketingMarketing (Beograd. 1991)0354-34712334-83642019-01-0150124310354-34711901024PImplementation of sustainable marketing concept in a company as a prerequisite to survive on global marketPetković Nebojša0Milovanović Goran1Ekonomska škola u Nišu, NišEkonomski fakultet Univerziteta u Nišu, NišModern economy, based on knowledge and embodied in large capital and powerful corporations capable of imposing their interests and influences throughout the world, is evolving towards the consolidation, unification and birth of new forms of colonialism and domination. The emergence of new technologies, new products and markets is a new challenge for companies that are forced to question their marketing approaches and adjust strategies in the unstable business environment. Sustainable development in the global "economy of planned product obsolescence* presupposes the review of ethical and environmental principles as well as a shift towards consumer-oriented sustainability. The new approach starts from the consumer and his concern for himself, the community and nature. The aim of this paper is to prove, based on the systematization and analysis of scientific knowledge from relevant scientific literature and contemporary business practice, that in the global economy, companies' perspectives increasingly depend on their ability to innovate in their marketing approaches and responses to consumer, society and nature demands. In order to reach such evidence, the authors analyze the characteristics of the global economy, the relationships between corporate social responsibility and globalization, the mission of sustainable development in the global economy and the role of responsible consumption.https://scindeks-clanci.ceon.rs/data/pdf/0354-3471/2019/0354-34711901024P.pdfglobalisationsocial responsibilitysustainable developmentresponsible consumptionsustainable marketing
spellingShingle Petković Nebojša
Milovanović Goran
Implementation of sustainable marketing concept in a company as a prerequisite to survive on global market
Marketing (Beograd. 1991)
globalisation
social responsibility
sustainable development
responsible consumption
sustainable marketing
title Implementation of sustainable marketing concept in a company as a prerequisite to survive on global market
title_full Implementation of sustainable marketing concept in a company as a prerequisite to survive on global market
title_fullStr Implementation of sustainable marketing concept in a company as a prerequisite to survive on global market
title_full_unstemmed Implementation of sustainable marketing concept in a company as a prerequisite to survive on global market
title_short Implementation of sustainable marketing concept in a company as a prerequisite to survive on global market
title_sort implementation of sustainable marketing concept in a company as a prerequisite to survive on global market
topic globalisation
social responsibility
sustainable development
responsible consumption
sustainable marketing
url https://scindeks-clanci.ceon.rs/data/pdf/0354-3471/2019/0354-34711901024P.pdf
work_keys_str_mv AT petkovicnebojsa implementationofsustainablemarketingconceptinacompanyasaprerequisitetosurviveonglobalmarket
AT milovanovicgoran implementationofsustainablemarketingconceptinacompanyasaprerequisitetosurviveonglobalmarket