Every Brand Needs a Moral Contract to attract Women

2085942 — Mon, 11 May 2009 08:15:00 GMT

The latest N-vision data highlights 50% of women buy fair trade products compared to 35% of men. Women are 10% more likely than men to boycott those manufacturers who contribute to pollution. Women are 5% more likely to consider themselves as ethical shoppers compared to men. Younger women (under 35) and older women (45-64) are far more likely to disagree or disagree strongly compared to men with the statement 'Most companies in this country are fair to consumers.'

There has been a change in the nation's mood over the last 30 years: In 1980, only 12% of women and 15% of men agree with this same statement about fairness. By 2008, it was over 40% of men and 42% of women.

There is now a sense of injustice about the way women feel companies treat them. A feeling of being cheated by those corporations who have power. A sense that they should be 'doing their bit' for the people and their 'bit' should be much more significant than it currently is.

I predict women will lead the movement from a 'me' society to a 'we' society. Women no longer want a society with naked greed at its heart. They want generosity as its core value and will seek out brands that offer this.

Brands which are seen to lack this moral dimension are loosing out on more than just a sales opportunity: Brands which are known for their morality are more easily forgiven, or at least given the benefit of the doubt in the event of rumors and bad-news. Take the opposite extreme: Brands such as Monsanto which have allowed themselves to be known for doing things which are not entirely ethical are more easily embroiled in yet more whispering campaigns. There's a huge cost to appearing immoral.

Brands such as Kiva.org (the micro-lending exchange) are leading the way with a moral contract at the heart of their proposition. Technology brands,with the exception of Google's "Dont Be Evil", are trailing way behind with moral propositions.

But why should tech brands care? We are used to buying our tech-products from anonymous sounding foreign brands of whom we know very little about. What could these companies benefit from being seen as ethical? I think there is still a great deal to win in a world of undifferentiated products in commodity markets. You might as well flip a coin when choosing between an Asus and an Acer, but what if the manufacturers could find a way show their differences which appeal to the "slacktivist" sense of moral consumers?

The cynical amongst us will call it green-washing, but the fact remains that people will often choose a higher-priced product if they feel that it is more ethically sound, even people who'd never attended a protest march in their lives. Shopping is a form of passive-activism.

Tech brands must take the advice of Bill Bernach and:

Stop believing in what we sell and start selling what we believe in."

The fact remains women are still more loyal to companies than men. Men are approx 10% more likely to agree with the statement 'I am less loyal to companies that I previously was'. If tech brands want to attract and retain the most loyal sex, they must start with a moral contract and set of values.

This is no longer niche idealism but corporate realism.

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Every Brand Needs a Moral Contract to attract Women