Synonyms
Conscious consumption; Consumerism; Ethical consumerism; Ethical consumption; Ethics based consumption
Definition
Values-based consumption is the notion that consumers use attributes beyond convenience, brand, functionality, and price in deciding what to buy or not to buy. Values driven consumers buy products and services in keeping with their economic, social, and ecological concerns.
When Starbucks announced on January 29, 2017, that the company would hire 10,000 refugees over the course of the ensuing 5 years, CEO Howard Schultz may have been acting from personal feeling about the actions of President Trump in the preceding days. But he likely also intended to stimulate values-based consumption. Values, here, refers to ideas about what should be valued by consumers in society, rather than the dictionary definition of values, which might suggest consumption congruent with any kind of motivation, including power values, achievement values, or self-direction values (see...
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References
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Additional Readings
Berkowitz L, Lutterman KG (1968) The traditional socially responsible personality. Public Opin Q 32:169–185
Brooker G (1976) The self-actualizing socially conscious consumer. J Consum Res 3:107–112
Carrigan M, Attalla A (2001) The myth of the ethical consumer – do ethics matter in purchase behaviour? J Consum Mark 18:560–577
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Freestone O, McGoldrick P (2008) Motivations of the ethical consumer. J Bus Ethics 79:445–467
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Low W, Davenport E (2007) To boldly go … exploring ethical spaces to re-politicise ethical consumption and fair trade. J Consum Behav 6(5):336–348
Roberts JA (1996) Green consumers in the 1990s: profile and implications for advertising. J Bus Res 36:217–231
Shaw D, Clarke I (1999) Belief formation in ethical consumer groups: an exploratory study. Mark Intell Plan 17:109
Shaw D, Newholm T (2002) Voluntary simplicity and the ethics of consumption. Psychol Mark 19:167–179
Shaw D, Grehan E, Shiu E, Hassan L, Thomson J (2005) An exploration of values in ethical consumer decision making. J Consum Behav 4:185–200
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Doran, C. (2023). Values-Based Consumption. In: Poff, D.C., Michalos, A.C. (eds) Encyclopedia of Business and Professional Ethics. Springer, Cham. https://doi.org/10.1007/978-3-030-22767-8_75
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