The role of purpose in consumer choice: a comparison between baby boomers and millennials in Germany with a focus on sustainability and consciousness Online publication date: Mon, 11-May-2020
by Isabelle Rennollet; Christian Schmidkonz; Patricia Kraft
World Review of Entrepreneurship, Management and Sustainable Development (WREMSD), Vol. 16, No. 3, 2020
Abstract: This paper explores the role of purpose in consumer choice in Germany. A growing number of consumers around the globe realise that hyperconsumerism prevents them from finding lasting happiness. They want to focus more on sustainable and conscious consumption and place the role of purpose more and more in the centre of their consumer choice. In this study two highly important and influential consumer groups, the baby boomers and millennials, are contrasted against each other to find out whether there are significant differences in this context between them. After having reviewed the relevant literature, empirical analyses were conducted on a sample comprising 289 German consumers. The main findings are that German consumers rated purpose as the fourth most important criterion. Quality, value for money, and personal recommendations are more important to German consumers when choosing a product. It was also found that German consumers are mainly driven by the desire for happiness and fulfilment, and their will to make a positive difference in the world when choosing purpose-infused products. It was also revealed that German baby boomers and German millennials display more similarities than differences.
Online publication date: Mon, 11-May-2020
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