Social consumerism

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Social Consumerism [1] refers to business practices that are looking to align with consumer patterns that affect social outcomes. It occurs when the consumer's needs are met, the business achieves profitability and a social issue is positively affected. This is very different than traditional business models where only the first two objectives are achieved.

The value of social consumerism is that it takes the responsibility of the charitable donation away from the consumer and ties the philanthropic action to what consumers do naturally (e.g. eat out and part of the tab goes to a food charity.)

Some surveys suggest that as many as 92% of moms and 88% of millennials want to buy from organizations that support a good cause. [2]

References

  1. ↑ Andre, Angel (January 16, 2014). "How social consumerism can change the world | Andre Angel | TEDxPlano". How social consumerism can change the world | Andre Angel | TEDxPlano. TEDx. Retrieved January 16, 2014.
  2. ↑ "5 Brands that understand Moms. | Big Fuel | Social Media Creative | Social Media Strategy | Creative Agency | Social Media Marketing and Branded Content". bigfuel.com. 29 September 2011. Retrieved 2015-08-31.
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