The role and objectives of marketing in the context of circular economy development

Robul Yuriy
Doctor of Economics, Associate Professor, Department of Marketing and BusinessАdministration, Odessa National University named after I. I. Mechnikov, Ukraine, e-mail: yrobul@onu.edu.ua, ORCID ID: https://orcid.org/0000-0002-7299-9648

Cite this article:

Robul, Yu. (2021). The role and objectives of marketing in the context of circular economy development [Rol ta zadachi marketynhu v konteksti rozvytku tsyrkuliarnoi ekonomiky], Socioeconomic research bulletin; Vìsnik socìal’no-ekonomìčnih doslìdžen’ (ISSN 2313-4569), Odessa National Economic University, Odessa, No. 3-4 (78-79), pp. 54–65.

Abstract

The article considers the role and place of marketing in the socio-economic system, which operates on the principles of a circular economy. The need for a systematic consideration of marketing at the national economy level with involvement of macromarketing categories and concepts is shown. Accordingly, marketing should be considered at two levels: policy at the individual organization level and marketing system level. The subject, object, and tasks of macromarketing in connection with the needs of the circular economy are determined. It is shown that under the influence of Industry 4.0, the uncontrolled development of marketing systems creates risks of inefficient use of resources, non-responsible consumption, and growth of digital inequality, which contradicts of the circular economy goals. In this regard, it is proposed to consider educational programs of responsible consumption and corporate social responsibility policies at the organizations level as tools for ensuring circularity in marketing. The relationship between the use of digital marketing and the requirements for energy saving and energy efficiency is indicated, therefore the widespread introduction of digital marketing is considered as an important step towards ensuring the functioning of the circular economy. It has been proven that the active use of digital technologies in marketing should also lead to an increase in the economic efficiency of organizations and the national economy functioning as a whole in order to ensure the technological innovations necessary for a circular economy. Due to the risk of digital inequality associated with it, deindustrialization, falling household incomes and degradation of the domestic market, and the need to ensure an innovative development trajectory, it is proposed to consider marketing not only as an element of the consumer, but also the innovative subsystem of society. A marketing model is proposed that meets the requirements of a circular economy development in the process of Industry 4.0 developing. Directions for changing/expanding theoretical and methodological approaches to marketing are formulated in accordance with the proposed model.

Keywords

circular economy; marketing system; macromarketing; reception; Industry 4.0; digital marketing.

JEL classification: M310; O330; Q560; DOI: https://doi.org/10.33987/vsed.3-4(78-79).2021.54-65

UD classification: 339.138:330.34

This work is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/

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