Marjarg: Marketing Jargon
Thursday, June 18th, 2009Finding your way through the razzle dazzle
Are you a member of a progressive organization trying to figure out what types of marketing strategies will 1) work for you, and 2) fit your values? If you are then you’ve no-doubt run into a blizzard of marjarg (marketing jargon) that ’s both dizzying and disorienting. Marjarg outside the world of progressive values is bad enough – buzz, spin, viral, marcomm, Web 2.0, SEO, etc. When entering the realm of sustainability oriented, or corporately responsible marketing, you may be even more confused. To get you started, here are a few definitions of marketing terminology you may encounter.
Green Marketing – Green marketing is often used as short-hand for any kind of marketing that attempts to include the values of sustainability. According to the American Marketing Associations, however, green marketing is marketing that focuses primarily on the environmental benefits of either the product/service being marketed or the environmental qualities of the process of promotion/advertising. Green marketing is typically focused on the product and the promotional aspects of the marketing mix. So far, I have yet to see a comprehensive model of green marketing that takes into account all aspects of the marketing function (product, price, promotion, distribution/sales).
Triple-Bottom-Line Marketing – This is a seldom-used term, but one that speaks to marketing practices that seek to account for financial, social and environment measures of success. As a result of this, triple-bottom-line marketing seeks to address more of these measures in all aspects of the marketing mix. Just as there is no comprehensive model of marketing for Green Marketing there’s even less written about triple-bottom-line marketing.
Stakeholder Marketing – Stakeholder marketing is based on stakeholder theory which asserts that companies are obligated to a variety of stakeholders not just investors, stockholders and owners. Although the argument has been primarily an ethical one, recent studies demonstrate that this orientation makes companies more profitable as well. The primary stakeholders included are investors, employees, customers, partners and society. Stakeholder marketing is “an orientation toward a firm’s marketing activities that goes beyond consideration of the firm’s immediate targeted consumers to include others that may be impacted by their activities. It considers impacts of marketing activities on a larger base of constituents, and encourages consideration of the impact of these constituents in fashioning marketing activities.”(Gregory Gundlach, University of North Florida). The Aspen Institute has collaborated with Boston University in hosting the Stakeholder Marketing Conference. Exemplary firms that practice Stakeholder Marketing are profiled in the book: Firms of Endearment.
Social Marketing – Social marketing is the application of business-oriented marketing principles and practices typically in a non-profit , government or NGO contexts to change behavior to achieve a social good. In practice however, this term is being used as short-hand for Social Media Marketing. Social Media Marketing is the process of engaging online communities like Facebook, MySpace, Twitter, and LinkedIn to generate exposure, opportunity and sales. Social Marketing got its start with nonprofit organizations trying to effect behavioral changes such as reducing smoking, and encouraging the use of condoms. Social Marketing seeks to create behavior change that does not necessarily involve a purchase that benefits the marketer’s organization.
Social Media Marketing – As referenced above, Social Media Marketing is the process of engaging online communities via Facebook, MySpace, Twitter, and LinkedIn to generate exposure, opportunity and sales. Another term for Social Media Marketing is Social Networking. Today, many who are unaware of Social Marketing as a discrete discipline are using that term to refer to Social Media Marketing. Social Media Marketing is not primarily concerned with values, sustainability or the triple bottom line, although it represents a set of tools that may be used by organizations who are.
Service Dominant Logic – Service Dominant Logic (SDL) is used by its authors (Robert F. Lusch, University of Arizona, and Stephen L. Vargo, University of Hawaii) to describe what they consider to be radical reframe of the marketing process. One element of SDL is to redefine everything that an organization sells as a “service” whether it is a physical good or an intangible service or experience. By “service” they mean the benefit of the good sold. This shifts the perspective of the seller from one of a manufacturing focus (inward) to a customer/market focus (outward.) The second element of SDL is the notion of “co-creation” of value between the customer and the company. The company consciously gives equal power to the customer in the exchange process through intentional interaction. While laudable in its intent, SDL assumes that all customers want to co-create their experiences with companies. Real world situations demonstrate that when offered a co-creative opportunity not all consumers want one.
The TARES Test – The TARES test is a five-point test for what the authors call “ethical persuasion.” Published by Sherry Baker, a professor at Brigham Young University, and David L Martinson, of Florida International University, the TARES test seeks to establish robust principles for ethics in marketing and to support the creation of a more ethical approach to persuasion – particularly commercial persuasion such as that which takes place in the marketing process. The TARES test consists of five principles: Truthfulness (of the message), Authenticity (of the persuader), Respect (for the persuadee), Equity (of the persuasive appeal) and Social Responsibility (for the common good).The TARES test is included in some marketing and advertising text books and can also be found here. The TARES test is used primarily in evaluating advertising and promotional materials, but could also extend to sales and other persuasive business speech.
Do you have another example of marjarg or have a question about a term? Contact Us. We’ll try to answer your questions and respond to your comments.
