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Corporate Social Responsibility
News
10.23.2007 - 12:24pm ET
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CSR News from:
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News Category:
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New Study Reveals Cause Marketing an Effective Business Investment
(CSRwire) KANSAS CITY (PR WEB) October 23, 2007 – The 2007 PR Week / Barkley Cause
Survey reveals that philanthropic activities can drive business success.
In fact, 72% of consumers say that they have purchased a brand because it
supports a cause they believe in. Furthermore, corporate respondents say
they see positive PR (65.3%), an increase in sales/retail traffic (26.7%)
and an enhanced relationship with their target demographic (52%), as a
result of their cause marketing efforts.
The first cause marketing campaign was launched 25 years ago, and what was
formerly viewed as a trend, is now considered a cost of entry for many
businesses. In fact, consumers demand it, with 90.7% of consumers saying
it's important for companies to support causes and charities. The survey
also revealed that the majority of companies (34.7%) with cause programs
funded their efforts through the marketing department, as apposed to HR
(4%), or even PR (14.7%).
"Companies are beginning to clearly understand that there is a return on
their reputational investment," said Mike Swenson, president Barkley
Public Relations. "[And] cause is the perfect storm to allow companies to
engage employees and customers in a more meaningful way."
In addition to an increase in sales or enhanced customer relationships,
corporate philanthropy can also drive recruitment and retention. Among
companies with cause marketing programs, 56% saw heightened staff morale
and retention and 14.7% "strongly agreed" that they have an easier time
finding top-notch recruits.
For the full survey, visit www.barkleyus.com or
www.prweek.com
About the PR Week / Barkley Cause Survey:
The PR Week/Barkley PR Cause Survey was conducted by PR Week and Millward
Brown. E-mail notification was sent to approximately 8,222 consumers and
marketing pros and a total of 368 people (225 consumers and 143 marketing
pros) completed the survey online between August 27 and September 17,
2007. Results aren't weighted. Full results—offering additional
data—are available in PDF format for $150. Please contact irene.chang@prweek.com
About Barkley:
Barkley is the largest employee-owned agency of its kind. Founded in 1964,
the company has 300 partners offering a full range of marketing
communications services including advertising, public relations, cause
branding, sponsorships & events, relationship marketing, social media,
design, media planning & buying, motion graphics, research and interactive
marketing. Barkley is headquartered in Kansas City with field offices
across the nation. More info: www.barkleyus.com
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