Fundamentally, ethical consumerism is a form of consumer activism, in other words, consumers taking responsibility for their. Overlooked ethical questions in acquisitions and mergers. Very little has been written about the individuals who try to prevent an acquisition or a merger. Curiously this definition does not mention ethics, and makes. In this article, social responsibility is included in the definition of ethical, and ethical products encompass a set of embedded choices that. Ethical consumerism is the broad label for companies providing products that appeal to peoples best selves for example, fair trade coffee or a purchase that includes a donation to a charitable. Ethical dilemmas during mergers, acquisitions, and takeovers. Ethical consumerism is defined as personal consumption where choice has been informed by a particular ethical issue be it human rights, social justice, the environment or animal welfare. Definition of ethical consumerism in the dictionary. Keeping in mind that consumers are alarmingly engaging themselves into green economy, it is necessary for business enterprises to understand and evaluate the needs of a consumer.
Pdf neoliberal capitalism incorporates consumption as a realm of. Ethical consumerism alternatively called ethical consumption, ethical purchasing, moral purchasing, ethical sourcing, ethical shopping also associated with sustainable and green consumerism is a type of consumer activism based on the concept of dollar voting. Mergers and acquisitions with a reference to ethical, social. Whereas direct violence and war are very visible, structural violence is. Doesnt harm the environment doesnt harm animals ethical towards people politically correct sustainable to be an ethical consumer you must buy products that have these key points in mind. Corporate mergers and acquisitions are undertaken with the belief that the combined companies will be able to grow more rapidly and be competitively stronger than they were as independent companies. Use resources and articlesessays like these to help you think about what you buy and to find products and companies working to be a bit more ethical. Ethical consumerism is a type of consumer activism based on the concept of dollar voting.
Ethical consumerism has lately become an perfect that is chased by assemblies of customers particularly in the western countries. Oct 23, 2000 practically every article that has ever been written about the economic, legal or ethical aspects of acquisitions and mergers has proceeded to discuss the topic from the viewpoint of the initiators, the predators, to use a pejorative term. Information and translations of ethical consumerism in the most comprehensive dictionary definitions resource on the web. Ethical dilemmas during mergers, acquisitions and takeovers. See more ideas about consumerism, company work and best and less. The key requirements for businesses in ethical csr market cost and quality remain key to large majority need for independent, trustworthy information need strong, attractive, caring brands but not. In all honesty ethical consumerism is very hard to define. Yet even this definition of ethical consumption as care for distant. Here, the sustainability of consumption is considered in economic.
The management teams of both companies face ethical dilemmas prior to beginning the merger, as negotiations proceed and. The organisational world is still shaking from the impact of individual and organisational actions that are contrary to the openended community standards of ethics. Pdf the role of business ethics in merger and acquisition. Ethical consumerism means that more customers are choosing to purchase goods that are ethically sourced, ethically made and ethically distributed. It generally implies that purchasing decisions are a way of putting values into action. Mergers and acquisitions with a reference to ethical, social and human resource. Jan 17, 2010 ethical consumerism ppt free download as powerpoint presentation. This is a wide definition and covers a multitude of sins, or virtues, because this reflects. Two ethical issues in mergers and acquisitions springerlink.
The theory that a country that consumes goods and services in large quantities will be better off economically. With the recent rash of mergers and friendly and unfriendly takeovers, two important issues have not received sufficient attention as questionable ethical practices. Now with the advent of globalization, consumers are exposed to a lot of choices and options. I found that many scholars have done studies on ethical consumerism. Reducing our consumption is the first step, but of course we need to buy essentials such as food and. Chapter 7 consumerism university of wisconsinmadison. Jun 18, 2017 the things or services that we buy have are two kinds of impact. The time is right to merge the notions of consumercitizenship leading to an. May, 2009 a brief presentation on ethical consumerism and social accounting. The management teams of both companies face ethical dilemmas prior to beginning the merger, as negotiations proceed and after the transaction is closed.
Consumerism and its influence on covenant university. The glasshouse philosophy being good has taken the place of looking good. Next, i wanted to identify the ethical consumer in two cultures, the united states and latin america. Consumerism as structural violence johan galtung 1969 first coined the term structural violence intending it to refer to the presence of justice positive peace to balance the prevailing focus on negative peace, the absence of war and violence. Jan 8, 2019 when we buy things, how can we do so in ways that do the most good and least harm. Hand in glove in the heinz journal, jacqueline payne describes the ethical consumer this way. Consumerism for example, is an industrial society that is advanced, a. Toward a theory of ethical consumer intention formation. Consumer satisfaction should be the point of focus of all sellers, producers and. Ethical consumption can be a powerful tool for change, with the recent success of the antigm lobby being a case in point. An empirical study article pdf available in journal of business ethics 691 january 1992 with 1,788 reads how we measure reads.
Consumer ethics research ejbo electronic journal of business. We are pleased to present this special issue of management decision, the aim of which is to advance an indepth understanding of the area of sustainability and ethical consumerism and to proffer new possibilities for future research. Although employees are drastically affected by a merger or an. Oct 20, 2014 ethical consumerism what is ethical consumerism. Ethical consumerism and everyday ethics 143 dominated by the critique of consumption, featuring it as hedonistic, inauthentic, competitive, selfish and materialistic lasch, 1980. From the point of view of ethical consumerism, consumption is a political act that sanctions the values embodied in a products manufacture. Ethical consumerism is the idea that consumers can, and should, act out a range of ethical values and principles and seek any of a range of ethical objectives through how they spend their money in the market. Mar 01, 2005 are you aware of any examples of ethical consumerism. Scribd is the worlds largest social reading and publishing site. We address this by looking at an example where ethical behaviour has not become the norm, i. Ethical consumerism alternatively called ethical consumption, ethical purchasing, moral purchasing, ethical sourcing, ethical shopping or green consumerism is a type of consumer activism practiced through positive buying in that ethical products are favoured, or moral boycott, that is negative purchasing and companybased purchasing. This topic has been drawing significant attention, more so in recent decades, as was evident in the large number of manuscripts that were submitted to this issue. Furthermore, i found that scholars have researched ethical consumerism from a crosscultural perspective, comparing ethical consumers in multiple cultures. The role of the corporation has changed, and companies looking to manage their corporate reputations effectively must integrate cr policies across their business offering and as part o.
This is an interesting case because whilst a consistent message of saving the environment has been the basis of the. Chapter 7 consumerism final draft august 2009 consumerism is the belief that personal wellbeing and happiness depends to a very large extent on the level of personal consumption, particularly on the purchase of material goods. It is practiced through the buying of ethicallymade products that. Because of this, what we consume matters beyond the immediate context of our lives. Identification of brand generation suggests education influences behaviour. In terms of construct definition, the sheer number of quite severe modifications is. Two ethical issues in mergers and acquisitions patricia h. One has to do with the rights of employees affected in mergers and acquisitions and the second concerns the.
The aim of this paper is to understand why some ethical behaviours fail to embed, and importantly what can be done about it. Pages in category ethical consumerism the following 18 pages are in this category, out of 18 total. Ethical consumerism and everyday ethics 149 the key objective of fair trade is to provide more equitable trading terms in international trade, in particular by paying a fairer price to pro. Ethical consumerism isnt dead, it just needs better marketing. From the point of view of ethical consumerism, consumption is a political act that sanctions the values embodied in a. Prioritizing action over consideration often leads to unethical behavior.
The idea is not simply that wellbeing depends upon a standard of living above. What are the consequences of ethical consumerism for companies. But this freedom also defines consumers as ultimately responsible for their choices, rendering the construction and expression of self in consumption potentially a moral project. Environmental impact social impact ethical consumerism is about reducing both. By choosing certain products over others, or even whether to purchase at all, consumers can embrace or reject particular environmental and labour practices and make other value. I am verysomewhat likely to switch from one brand to another that is about the same in price and quality, if the other brand is associated with a cause. Feb 21, 2001 ethical consumption can be a powerful tool for change, with the recent success of the antigm lobby being a case in point. At the same time, ethical consumer behavior, which incorporates the. Disclosure by target company the company being acquired is often called the target company. Ethical consumerism, form of political activism based on the premise that purchasers in markets consume not only goods but also, implicitly, the process used to produce them. One has to do with the rights of employees affected in mergers and acquisitions and the second concerns the responsibilities of shareholders during these activities. Both companies and customers have a important function in encouraging ethics in output and business. Pdf ethical consumerism and everyday ethics researchgate.
1421 1347 1241 1308 920 1345 1141 911 1366 1204 979 55 649 926 971 191 74 1115 183 1329 872 546 1364 706 415 164 132 75 627 144 719 400