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Consumers' heterogeneous preferences for corporate social responsibility in the food industry
- Source :
- Corporate Social Responsibility and Environmental Management. 25:1050-1061
- Publication Year :
- 2018
- Publisher :
- Wiley, 2018.
-
Abstract
- This study reveals the consumer side of corporate social responsibility (CSR) in the food industry, exploring awareness, preferences and willingness to pay for CSR of a representative sample of Italian households. The results clearly indicate that Italian consumers reveal a high level of awareness within clear, though heterogeneous, preferences for CSR initiatives. Five consumers' groups were identified: ‘environmentalists’, ‘pro‐socials’, ‘collectivists’, ‘animal friends’ and ‘selfish health centered’. Furthermore, the study reveals consumers' willingness to pay a premium price to reward food companies addressing their concerns and expectations in terms of CSR. Findings offer insights for business managers on how to promote CSR, developing communication and information strategies focusing on specific needs and personal relevance within a group of consumers.
- Subjects :
- Food industry
business.industry
Strategy and Management
05 social sciences
Management, Monitoring, Policy and Law
Development
consumer, market segmentation, multiple price list, willingness to pay
Information strategies
Market segmentation
Willingness to pay
0502 economics and business
Corporate social responsibility
050211 marketing
Relevance (information retrieval)
Marketing
business
050203 business & management
Subjects
Details
- ISSN :
- 15353958
- Volume :
- 25
- Database :
- OpenAIRE
- Journal :
- Corporate Social Responsibility and Environmental Management
- Accession number :
- edsair.doi.dedup.....b1d84231247e2531678d1486278e8c83