Consumer perceptions of B corporations, purpose-driven brands and cause-related marketing campaigns: Knowledge, acceptance and appreciation at the time of purchase

Enrique Carlos Bianchi, Gaspar Gracia Daponte, Cristian Canziani

Research output: Contribution to journalArticle in a journalpeer-review

Abstract

For the Argentine case, studies that identify increasing implementation of three major CSR triple-impact strategies—B corporations, purpose-driven brands and marketing, and cause-related marketing—focus predominantly on supply. The present study seeks to identify consumer perceptions of these three triple-impact strategies in terms of recognition, knowledge, appreciation, and prioritization at the time of the purchase in the Argentine market. A quantitative investigation was carried out, based on a nationwide panel of 400 citizens. The results show that a majority of participants do not recognize the concepts of purpose-driven brands or the concept of B corporations. Many express difficulties in identifying such initiatives due to disinterest, ignorance, and/or lack of availability/exposure. In addition, there were non-significant differences in terms of generations, socioeconomic level, and sex. On the other hand, almost half of the panel has some familiarity with cause-related marketing campaigns, given the association with NGOs to which participating companies may donate or fund-raise. The results, particularly the limited overall recognition of these concepts, has management implications in a context of recession and spending restrictions.
Original languageEnglish
Pages (from-to)3-21
Number of pages19
JournalJournal of Business
Volume12
Issue number1
DOIs
StatePublished - Dec 2020
Externally publishedYes

Keywords

  • Purpose-driven marketing
  • B corporations
  • cause-related marketing
  • knowledge
  • consumer value

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