CSR Info
CSR News
How CSR Influences Buying Behaviour
2011-04-13    Origin: CSRwire  Tag: Intl. News, Consumers
Go Back
Larger Fonts
Smaller Fonts

LONDON, O.N., Apr. 12 /CSRwire/ - The following is a list of the world's best research findings related to CSR and consumer buying behaviour. Taken from top-tier journals such as the Journal of Marketing and the Journal of Consumer Research, these research insights help marketers and sustainability managers asses and adapt their CSR-based marketing strategies.

1. Know When Green Is Bad
Leila Hamzaoui Essoussi and Jonathan Linton (from the University of Ottawa) find consumers are willing to pay more for some green products but less for others. When consumers question the performance of an eco-product - in the case of re-treaded tires, for instance - companies have to prove that their eco-product performs as well as competing products. If the eco-product does not perform as well, companies should think twice about marketing it with their valuable brand name.

2. Put Quality First, CSR Second
Pat Auger (Melbourne Business School), Tim Devinney (University of Technology, Sydney) and colleagues show that consumers care about ethical features - as long as they don't compromise quality or function. Assuming the shoes fit comfortably or the ink cartridge prints smoothly, three out of five people would spend more for the product that is ethically produced.

3. Add CSR to Innovation to Attract Customers
Xueming Luo (University of Texas) and C.B. Bhattacharya (European School of Management and Technology) show that innovative firms engaging in CSR have more satisfied customers than innovative companies that don't invest in CSR. And those satisfied customers pay off. For a company with a market value of roughly $48 billion, a modest increase in CSR ratings led to annual profits in subsequent years $17 million higher than organizations that didn't actively engage in CSR.

4. Appeal to Herd Mentality to Prompt Green Action
Noah Goldstein (University of Chicago), Robert Cialdini (Arizona State University), and Vladas Griskevicius (University of Minnesota) discovered how to maximize consumers' participation in environmental programs, with the test case of reusing hotel towels. Instead of making a "do good" appeal, they told consumers that other people in the same situation reused their towels. The researchers saw a 10% increase in the number of people reusing their towels simply by appealing to the herd mentality.

5. Your Reputation Precedes You
Remi Trudel (Boston University School of Management) and June Cotte (Richard Ivey Business School) find that a credible reputation enables you to charge higher prices for ethical products. In their study, consumers who respected a company's reputation and had high expectations of the firm were willing to pay $4.67 more for Fair Trade coffee than for unethically-produced coffee. But, for companies with a poor reputation, consumers were only willing to pay $1.46 more for Fair Trade coffee than for unethical coffee.

About Network for Business Sustainability

A Canadian non-profit established in 2005, the Network for Business Sustainability produces authoritative resources on important sustainability issues - with the goal of changing management practice. We connect thousands of researchers and professionals worldwide who are committed to developing new, sustainable business models for the 21st century.

More Info

  • WWF Survey Reveals Major Reasons for Non-green Behaviour Among Big City Chinese Netizens  ( 2011-8-24 )
  • Ajisen Apologizes for Soup Scandal  ( 2011-8-15 )
  • Deciphering Origins of the Da Vinci Code  ( 2011-7-15 )
  • Research Reveals Increased Consumer Demand for Fair Trade Certified-Labeled Products  ( 2011-4-26 )
  • Premier Wen:Vicious Food Safety Events Show How Seriously the Moral has Declined  ( 2011-4-18 )
  • China Chamber of Commerce announced Major Consumer Goods Not to Raise Prices  ( 2011-4-15 )
  • Thousands of Corporates Approved Quality Assessment  ( 2011-4-11 )
  • 124 Infant Formula Manufacturers Signed an Integrity Declaration  ( 2011-4-1 )
  • Shuanghui apologizes over additive scandal  ( 2011-3-18 )
  • Online Retailers Are Required to Enhance the Protection of Consumers' Rights  ( 2011-3-15 )
  • Buyers Complain about iPad Refund Policy  ( 2011-3-11 )
  • Eyes are on food quality supervision  ( 2011-3-11 )
  • Consumer is an important driver of the development of environmental protection  ( 2011-2-28 )
  • Storage Explosion Challenges Social Responsibility of Express Industry  ( 2011-2-8 )
  • China NDRC: To Punish Deceptive Pricing At Some Carrefour, Wal-Mart Stores  ( 2011-1-27 )
  • Guidelines for Health Food Consumption Released in Beijing  ( 2011-1-13 )
  • Soaring Demand for Green Products and Services in China, India and Singapore provides Untapped Opportunities for Businesses  ( 2011-1-13 )
  • China mulls harsher penalties for food safety crimes in Criminal Law  ( 2010-12-21 )
  • China would develop new standards for food safety and national standards system  ( 2010-7-14 )
  • General Manager of Shenzhen Overseas Chinese Town bowed twice to apologize on casualties  ( 2010-7-1 )
  • The list of national service brand with public satisfactions in Beijing released  ( 2010-6-22 )
  • Invitation to visit the EU pavilion at World Expo 2010 and participate the "Healthy cities" conference  ( 2010-5-27 )
  • China's Consumer Rights Protection Law Will Be Revised  ( 2010-5-13 )
  • European Union's Conference on Health and Food Safety  ( 2010-4-27 )
  • GMAC Financial Services Offers Consumers Financial Education  ( 2010-4-14 )
  • HP Promises to Refund or Exchange but Consumers Continue Complaining  ( 2010-3-22 )
  • 22 urban consumer associations alleges charges of disinfected tableware infringe consumers’rights  ( 2010-3-15 )
  • Vital Voices and Avon Announce Innovative Partnership to End Violence Against Women Worldwide  ( 2010-3-11 )
  • March 15 Integrity Real Estate Forum Opened  ( 2010-3-10 )
  • Kellogg's Warned Over Listeria in Eggo Plant  ( 2010-2-18 )
  • Toyota Plans to Boost Testing and Disclosure  ( 2010-2-18 )
  • Toyota Cars Recalled and the Brand Quality Was Questioned  ( 2010-2-2 )
  • Mercury Poisoning Happened again after Drinking Sprite  ( 2010-2-1 )
  • China Consumers’ Association Held a Forum and Promoted to Protect Consumers’ Rights  ( 2009-12-28 )
  • Green consumer spending defies the downturn  ( 2009-12-17 )
  • Cell phone trade-in is launched in Guangdong Province  ( 2009-12-15 )
  • The First CSR Report Led by Consumers Launched  ( 2009-12-9 )
  • China Unicom Combat Mobile Porn Sites through Stopping Some Enterprises Information Services from Sunday  ( 2009-12-4 )
© 2002 - 2014, All Rights Reserved
Room 1602, SOHO ShangDu, No 8 Dongdaqiao Road, Chaoyang District, Beijing. 100020
Tel: +86 10 58699465/66/67/0509     Fax: +86 10 58699466 ext:8011