Ethical Marketing In The Activity Of Banking Institutions Cover Image

Этический Маркетинг В Деятельности Банковских Учреждений
Ethical Marketing In The Activity Of Banking Institutions

Author(s): Irina Reshetnikova, Elina Shapovalova
Subject(s): Business Economy / Management, Marketing / Advertising
Published by: Wyższa Szkoła Ekonomiczno-Humanistyczna
Keywords: ethical marketing; banking institutions; partnership; consumer confidence; banking services market

Summary/Abstract: The article summarizes the theoretical aspects of ethical marketing as a modern tool for forming partnerships with bank customers. The hypothesis is substantiated that it is possible to restore the lost trust of clients to banking institutions only on the basis of an individual approach built on the principles of ethical marketing. The place and role of ethical marketing in the system of the company's holistic marketing is specified. The state of application of marketing tools by banks that operate on the Ukrainian market is analyzed. It is proved that at present the marketing concept dominates, within which the main efforts of banks are directed to price stimulation of banking products. To prevent situations of unethical behavior of banks in relation to customers, a classification of ethical marketing risks that arise in the process of interaction of customers with a banking institution is proposed.

  • Issue Year: 2018
  • Issue No: 5
  • Page Range: 1-13
  • Page Count: 13
  • Language: Russian