- | July 30, 2010
Ethical consumers may reward companies by changing purchasing behaviour or paying a price premium. This report summarizes 30 years' research on ethical consumerism.
Ethical consumers may reward companies by changing purchasing behaviour or paying a price premium. This report summarizes 30 years' research on ethical consumerism.
Researchers present a model to illustrate when and how consumers reward firms for positive sustainability actions.
Community engagement can offer firms and communities vital benefits. This research identifies what we know about how to achieve them.
Truly effective community engagement involves complex decisions about who to work with (or through), how to engage, and what likely result to achieve.
This study answers two questions: 1) How do firms manage stakeholders to improve their market performance? 2) What competitive benefits can firms obtain by managing stakeholders?
While most organizations approach community engagement in a 'transactional' way, the greatest value and competitive advantage is derived from more relational forms of engagement, which is harder to imitate.
Companies can successfully market environmental programs by describing how others in a similar situation participate—and how doing so helps the environment.
Consumers will pay a 10% premium for sustainability, and demand a greater discount for "unsustainability," but they won't trade off functionality.
They also punish companies for unethical practices.
Consumers act responsibly when they see an impact, feel connected, and don’t have to sacrifice quality.