IS NOTHING SACRED?
Want to diminish consumers’ concern for the environment, gender equity or social justice? Use a cause to promote your company. A new study from the Rotman School of Management found that when a brand aligns itself with a “sacred value” in a bid to boost profits, it can also reduce people’s commitment to the issue. In one case, consumers who saw a “Happy Earth Day” message from NASCAR, the stock car company, had diminished respect for the annual environmental event. To succeed, brands must show a real commitment—like Patagonia encouraging customers to repair their coats, rather than replacing them.
NEED TO KNOW
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2021-05-29T07:00:00.0000000Z
2021-05-29T07:00:00.0000000Z
https://globe2go.pressreader.com/article/281663962918030
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