Sustainable Consumption: The Role of Eco Labels on Consumers’ Buying Decision
K. SALINI * & Dr. BINO THOMAS **
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* Research Scholar, Department of Commerce & Centre for Research, BAM College, Thuruthicad Mahatma Gandhi University, Kerala. Mob: 09895423282 Email: saliniksaju001@gmail.com
** Head of the Department, Department of Commerce &Centre for Research, BAM College, Thuruthicad, Mahatma Gandhi University, Kerala. Mob: 09447116565 Email: binovavolickal@gmail.com.
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Abstract
This study aims to give information about the effect of eco labels on customers purchasing behaviours. The increase public concern in relation to their surrounding
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Businesses that offer products which are manufactured and designed with an environmental marketing mix have a long term competitive advantage (Wang, 2012). Sustainable marketing strategy helps in competitive advantage and cost savings (Kumar et al; 2012). Consumers will increasingly favour products and services from companies with strong sustainability practices. A major consequence of China’s and India’s rapid growth will be ongoing depletion of natural resources. Aspiration for economic progress and better life style will cause shortage in vital commodities. A better understanding of consumers’ buying behaviour will allow businesses to acquire more market-applicable approach to sustain in the competitive market. Individual consumers are asked to incorporate environmental or green factors into their buying behaviour, be it by consuming less, “thinking green” and are willing to pay more for environmentally friendly products consuming locally, purchasing environmentally friendly products, recycling and sharing, among many approaches to improved, greener consumer behaviour (Sarumathi, 2014). Consumers today are increasing. The increasing numbers of consumers who prefer and are willing to buy these …show more content…
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Rachele Liba Professor Whitehead POSC 100 22 July 2016 Placing a Price on a Green Nation Having lived a nomadic lifestyle across the United States, I have had the opportunity to witness the wonders of our flourishing society and the everyday turmoils that we face. Rigorous innovation has helped Americans fulfill countless dreams, however with every gift there is a usually a price-tag or opportunity cost. Now in the midst of the general presidential election, platforms that represent our beliefs can undergo much needed reform to address the opportunity costs that were surpassed in the process of success. Among the various problems found in our society, a key movement that has raised necessary controversy has to do with environmental policy.
McKibben suggests there is inefficient spending and mechanisms by individual consumers. For example, a lots carbon emissions and sewage caused by individual consumers is the result of their inability to use the latest technology. Also, consumers’ inability to respect the regulations of the Clean Air Act and the Clean Water Act contributes to environmental pollution. He supports this idea by saying “Our wasteful habits wouldn’t matter much if there were just few of us” (559). On the other hand Jensen argues by saying prejudicing powerless individuals instead of those who actually attain influential power in the system of government and policy making is one of the problems to mitigate environmental pollution.
We were asked to read two articles one was “On Buying Local” by Katherine Spriggs and the other was “What’s Eating America” by Michael Pollan. In the article “On Buying Local,” Spriggs showed a great use of logos when she stated that it was better for us to buy locally because it was better for the environment. Spriggs gives us several reasons why we should give up “a little bit of convenience” in favor of helping the environment. Farmers wouldn’t have to lose their farms to larger farms, smaller farms could be more sustainable by using natural and local resources, and there would be fewer emissions. This idea has been meeting with some opposition people worry of economic damage, but Spriggs has shown the argument and counterarguments with the proof of how the argument is flawed.
Throughout this paper, the reasons to pay, not to pay, and other details will be discussed so one can formulate an opinion on the
I. Background and Company Analysis ________________________________________ Patagonia, founded by Yvon Chouinard in 1971, is an outdoor apparel company that has successfully integrated green elements into almost every business activity, from R&D to human resources management, to reduce harm to the environment. These elements firmly align with the corporate objectives of enhancing product and service quality, reducing environmental impacts and having constant innovation. These practices not only enable Patagonia to create values to its customers, but also help the company differentiate itself as innovative leader in the green segment of the industry. A. Orsato’s Framework - Competitive Environmental Strategies Patagonia should be considered
The premium wine industry in the Napa Valley area is an area saturated with wineries and vineyards of various sizes. With a growing number of green consumers causing the development of the LOHAS (Lifestyles of Health and Sustainability) demographic segment, many wineries are looking for ways to gain a competitive edge by differentiating their brands and reducing costs. Frog’s Leap Winery has been able to stand out with its tasty wine and “sophisticated environmental management system (EMS)” (C392).
A “shift in human values and ideas or mortality” to accept responsibility is needed to enable cooperative efforts to avoid systemic problems that can lead to a tragedy of the commons. We must educate individuals about the tragedy of the commons, its consequences, and alternatives to it. People will consent if they knew and understood the urgent and critical
On the other hand, many brands which are really going green get accused of greenwashing by consumers. That discourages companies to publicly share their green initiatives (Hopkins, 2009). Many researchers (Shen et al, 2012) believe that sustainability serves as an efficient way to engage and captivate shoppers. However, in the UK for instance, while 30% of the consumers claim to be very implicated in ethical and sustainable issues, they still find difficulties buying sustainable products because they can not afford it for instance or because they are just not used to buy clothing from “green brands”. 1.1 Research questions and objectives Only few researches have been conducted regarding consumers’ perspectives on ethical and sustainability problems in the fashion industry and on the effect it has on their buying comportment.
Furthermore, it is noted that customers, particularly from developed nations like UK, France and Italy are more and more concerned about their health and the report on individual health expenditure over the last decade by OECD (2011) has confirmed that. The report shows that customers are becoming more inquisitive in the type, nature, origin and the processing method of materials in which, apparel and clothing firms uses in producing their product. Thus, demanding for transparency and accountability. Consequently, many customers have gone green and they are persistently advocating for sustainable and ethical activities of firms (Johansson, 2010; Pookulangara
Introduction Forever 21 is a clothing brand that is based in many countries. Most people would be very familiar with the brand as it caters to them in terms of a fashion retailer. The country that will be in this report would be in Singapore and the purpose of the report is to perform an environmental analysis on a company. The structure would be an introduction, followed by company background, country background, PESTEL analysis, porter’s 5 forces, strategic recommendations and conclusion.
Thus, an unpopular tax on a product that produces negative externalities, such as car use that creates environmental damage, may be avoided due to the fact that the government is afraid of losing support from the
Review of Literature Environmental issues began to be discussed and debated only towards the end of the 20th century. Since then significant amount of literature has been penned down raising awareness about issues of pollution, deforestation, animal rights and several others however it has failed to result in major changes, ideas or even actions to save the environment. Several species of animals have become extinct; pollution level is at an all-time high, global warming is leading to severe climate changes all across the globe but these problems do not seem to alarm the decision makers. Leydier & Martin (2013) also states that, “despite the increasing expression of concern in political and media debates about issues such as climate change, pollution and threats to biodiversity, “political ecology” (operating at the confluence of scientific developments, political engagement and ethical debates) is still trying to find its bearings” (p.7). It is quite evident that environmental issues are not treated in equivalence to political, economic, social or even religious issues.
When clients learn that they use environmentally friendly resources, this will show them that they not only care about the environment, but also that they are a responsible company. This improved brand image will lead to an increase in sales, furthering their company’s profits. Price Because they are introducing their product as a new market, they will use price skimming strategy.
They may include statements about environmental sustainability, recycling, energy and water efficiency or impact on animals and the natural environment, for example 'green', 'environmentally safe' or 'fully recycled'. Businesses making these claims must be able to substantiate them.” 6. “High Pressure Sales Tactics- This strategy is used to motivate customers to purchase a good or service that he or she does not want or does not intend to
Introduction At the start of this course, I had no idea what to expect. This is due to the fact that marketing is a field that offers a combination of so many different disciplines such as art, psychology, and statistics. I encounter marketing on a daily basis but have strangely enough not reflected too much about it. Nevertheless, it is a very interesting subject, which deals with promoting and selling services and products.