← Glossary

The Contemporary Marketing Management Glossary

Common Good

Short Definition

Resources, relationships, and social conditions essential to human well-being, which should be accessible and usable by all members of society in an equitable, sustainable and generative way.

Context

The concept of the Common Good has deep philosophical roots in Aristotelian ethics and Catholic social thought, where it refers to the set of conditions that allow individuals and communities to flourish together. In modern political philosophy, thinkers such as John Rawls and Martha Nussbaum have expanded the notion to include fairness, justice, and the capability of each person to pursue a dignified life. In economics and management, the Common Good is distinguished from private interest and aggregate welfare, emphasizing interdependence rather than accumulation. Within Contemporary Marketing Management, the Common Good represents a foundational principle of responsible leadership and impact-driven strategy, guiding organizations to act not only for profit but for collective prosperity.

Extended Definition

The Common Good refers to those goods—material, social, environmental, and moral—that benefit everyone and depend on shared stewardship rather than individual ownership.

Unlike Total Good, which represents the sum of individual benefits, the Common Good functions as a multiplication: if even one participant has zero access or benefit, the overall value of the system collapses.

This distinction reveals its systemic nature:

  • Total Good (Σ individual goods) can increase even when inequality or exclusion persists.

  • Common Good (Π shared goods) depends on the participation and well-being of all; when one person or community is left behind, the whole is diminished.

Examples of the Common Good include clean air, fresh water, public health, education, justice, peace, and social trust.

These are not goods to be consumed but conditions to be maintained, requiring cooperation, ethical governance, and long-term vision.

In the context of Contemporary Marketing Management, the Common Good redefines the purpose of organizations:

  • It shifts the managerial question from “What can we gain?” to “What can we sustain together?”.

  • It aligns strategic decisions with collective resilience, ethical communication, and inclusive innovation.

  • It establishes the foundation for Impact Marketing and Enlightened Management, where business becomes a catalyst for shared prosperity rather than isolated success.

Thus, the Common Good represents not an ideal but a metric of coherence—a way to evaluate whether growth benefits all participants in the ecosystem.

Contemporary Example

A company investing in public education, environmental restoration, or community well-being contributes to the Common Good because its actions enhance the social and ecological conditions that support collective life. By contrast, an enterprise that grows economically while eroding trust, equality, or the environment may increase the Total Good but simultaneously reduce the Common Good.

See also

Part of chapter: Glossary