Speaking to Marketing Week to promote The Venture, Chivas whisky’s $1m competition for social enterprises, the wine and spirit maker’s chief executive Alexandre Ricard claimed today’s consumers will uncover any lack of authenticity in corporate social responsibility efforts.
Brands need to replace the outdated concept of CSR with a social purpose that is intrinsically linked to their core objectives.
Tom Fishburne is founder of Marketoon Studios. Follow his work at marketoonist.com or on Twitter @tomfishburne See more of the Marketoonist here
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New research shows a strong correlation between the personal reputation of CEOs and that of their brands, particularly in founder-led businesses.
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