Read Delete: Are Companies Connecting with Consumers for Pride?
Are Companies Connecting with Consumers for Pride?
Many businesses and corporations have been speaking out in support of the LGBTQ+ community on the occasion of Pride Month, celebrated in June every year. About a third of the respondents of a 2021 Morning Consult survey chalked this behavior up to marketing tactics rather than a genuine reflection of company values, while only 15 percent thought companies primarily had good intentions. Surprisingly, members of the LGBTQ+ community responding to the survey, as well as younger people, were more inclined to think that companies wanted to do good, even though the notion that Pride Month statements were mainly a publicity stunt was still slightly more prevalent among these groups.
Respondents had similar answers when it came to companies releasing pride-themed merchandise, even though they reacted somewhat less favorably towards this corporate behavior. Statements let a company appear most favorable in the eyes of respondents as well as LGBTQ+ respondents, followed by the launch of initiatives, donations, increasing LBGTQ+ visibility in ads and the release of merchandise in last place. LGBTQ+ respondents were somewhat more inclined to favor initiatives and donations supporting their community.
Do you want to vet a business opportunity? Is there an anticipated commercial dispute? Is a second legal opinion warranted? Grab 15 minutes with me, and I will work with you to understand your situation and provide my thoughts based upon successfully representing business owners for almost 25 years. You will receive a confirmation with a Teams Meeting invitation after you pick a time for our discussion. You can also reach out to me at firstname.lastname@example.org.
Have an interesting, fast fact for a business audience? Please send and share it with our 1,600+ subscribers. Click here to subscribe to Read Delete and receive fast facts delivered weekly.
ABOUT MIKE MERCURIO
Mike Mercurio | email@example.com | 301-575-0332
Michael N. Mercurio is a leading attorney in the field of mergers and acquisitions (M&A). He serves as outside general counsel in buy-side and sell-side M&A, as well as in all business law and real estate law matters. As a strategic partner to firm clients, Mr. Mercurio regularly counsels entrepreneurial individuals and assorted entities on the many challenges, issues, and opportunities companies face throughout the business lifecycle—from start-up to eventual exit.
ABOUT OFFIT KURMAN
Offit Kurman, one of the fastest-growing, full-service law firms in the United States, serves dynamic businesses, individuals and families. With 17 offices and nearly 250 lawyers who counsel clients across more than 30 areas of practice, Offit Kurman helps maximize and protect business value and personal wealth by providing innovative and entrepreneurial counsel that focuses on clients’ business objectives, interests and goals. The firm is distinguished by the quality, breadth and global reach of its legal services and a unique operational structure that encourages a culture of collaboration. For more information, visit www.offitkurman.com.
DELAWARE | MARYLAND | NEW JERSEY | NEW YORK | NORTH CAROLINA | PENNSYLVANIA |SOUTH CAROLINA | VIRGINIA | WASHINGTON, DC