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The $100 MBA Show

MBA296 Guest Teacher: Scott Stratten- Marketing Ethics

Jun 22, 2015
Scott Stratten, a renowned public speaker and best-selling author, dives deep into the ethics of marketing. He highlights essential dos and don'ts for ethical online practices. Stratten discusses the risks of compromising integrity for sales, stressing how vanity metrics can harm trust. He tackles the ethical dilemmas in social media marketing, emphasizing the need for transparency with influencers. The talk underscores the importance of respecting original creators and maintaining a solid reputation in the digital landscape.
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Quick takeaways

  • Maintaining marketing ethics is crucial for preserving a brand's reputation, as once compromised, integrity is hard to restore.
  • Influencer marketing requires clear disclosure of commercial relationships to uphold transparency and protect the integrity of both influencers and brands.

Deep dives

Understanding Marketing Ethics

Marketing ethics revolves around maintaining integrity and transparency while pursuing sales and growth. Once compromised, ethical standards can seldom be restored, as tarnished reputations can spread quickly and affect a business's credibility. Vanity metrics, such as likes and shares, can lead businesses to make unethical choices in pursuit of popularity, prompting them to engage in practices that undermine their integrity. For instance, businesses may resort to 'freebooting,' where they claim viral content as their own without crediting the original creators, thus sacrificing their ethical standing for inflated engagement.

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