See discussions, stats, and author profiles for this publication at: https://www.researchgate.net/publication/383282131 ECO-FRIENDLY INNOVATIONS SHAPING SUSTAINABLE CONSUMER BEHAVIOUR Article · January 2024 CITATIONS READS 0 28 3 authors, including: Swapna H. R. JAIN (Deemed to be University) 64 PUBLICATIONS 141 CITATIONS SEE PROFILE All content following this page was uploaded by Swapna H. R. on 22 August 2024. The user has requested enhancement of the downloaded file. IPE Journal of Management ISSN 2249-9040 Volume 14, No 03, July-December 2024 ECO-FRIENDLY INNOVATIONS SHAPING SUSTAINABLE CONSUMER BEHAVIOUR Dr. Swapna H. R Dr. Geetha Madhusudan Sidharth P H Abstract The dynamic interplay between eco-friendly innovations and their impact on shaping sustainable consumer behavior. Through an extensive review of current literature and case studies, we examine the pivotal role of innovative products and technologies in fostering environmentally conscious choices among consumers. By analyzing successful implementations and identifying key factors influencing adoption, we aim to provide valuable insights for businesses and policymakers seeking to promote sustainable consumption patterns.The findings underscore the importance of continuous innovation in driving positive environmental change and present a roadmap for steering consumer behavior towards a more sustainable future. Keywords:- Innovation, Sustainability, Consumer Behaviour, Eco friendly INTRODUCTION In today’s era of escalating environmental concerns, the imperative for sustainable consumer behavior has become paramount. The intricate interplay between eco-friendly innovations and shaping consumer choices holds significant promise in addressing the pressing challenges of our time. This study embarks on a comprehensive exploration of how innovative solutions are instrumental in steering consumers towards more sustainable practices. The pervasive impact of human activities on the planet necessitates a paradigm shift in consumer behavior. Eco-friendly innovations, ranging from sustainable products to green technologies, have emerged as catalysts for this transformative change. As the world grapples with issues such as climate change and resource depletion, understanding the dynamics of innovation adoption becomes crucial for businesses, policymakers, and researchers alike. The landscape of eco-friendly products and technologies is evolving rapidly, presenting both challenges and opportunities. This research aims to dissect the intricate web of factors influencing the adoption of sustainable consumer behaviour. From psychological aspects to economic considerations, we seek to unravel the complexities that shape consumer choices in the context of environmentally conscious alternatives. By delving into successful case studies and examining the mechanisms behind innovation adoption, this study aspires to provide actionable insights.These insights can empower businesses to develop and market eco-friendly products effectively, policymakers to formulate informed regulations, and researchers to contribute to the ongoing discourse on sustainability. As we stand at the crossroads of innovation and environmental consciousness, understanding how eco-friendly innovations shape consumer behaviour becomes not only an academic pursuit but a roadmap for building a more sustainable future. Professor, School of Commerce- PG studies, JAIN (Deemed-to-be University), Bangalore, India drswapnahr@gmail.com Orcid id: https://orcid.org/0000-0003-0362-409X Professor, School of Commerce, JAIN (Deemed-to-be University), vBangalore, India. Geetha7168@gmail.com Assistant Researcher, School of Commerce, JAIN (Deemed-to-be University), Bangalore, India. 115 Eco-friendly Innovations Shaping Sustainable Consumer Behaviour Through this exploration, we endeavor to contribute to the collective effort of mitigating environmental impact and fostering a global culture of responsible and sustainable consumption. REVIEW OF LITERATURE Selvan, SCB Samuel Anbu, and J. P. Daniel (2022) The face of escalating environmental concerns, the pursuit of a sustainable future has become an imperative global endeavor. This abstract delves into the role of eco-friendly marketing practices in shaping a more environmentally conscious society and fostering the development of a greener future. Eco-friendly marketing practices encompass a multifaceted approach, encompassing product innovation, ethical sourcing, transparent supply chains, and persuasive communication strategies. Companies leveraging these practices not only cater to a growing segment of eco-conscious consumers but also contribute to the preservation of natural resources and the reduction of environmental footprints across industries. Chen, Sihua (2021) With the increased material consumption, people are facing more and more serious pollution from the consumption of products (Shao et al., 2017; Song et al., 2019; Yuan et al., 2018). As such, people are compelled to reflect on their traditional consumption behaviours. ICT innovation has been deeply embedded into the process of R&D, production and sales of the eco-friendly products. Considering these, based on such context, this paper constructs a conceptual model, which explores the influencing mechanism of the perceived effectiveness on the consumption of eco-friendly products. Alamsyah, Doni Purnama, Didin Syarifuddin, and Hayder Alhadey Ahmed Mohammed (2018)study is conducted with focuses on eco-friendly products; through experiment survey to customer who has bought eco-friendly products in Bandung city. The research found that perceived innovation, service innovation and green perceived value have correlation. Green perceived value as based of purchase decision of customer can only be improved by perceived innovation of ecofriendly products. Furthermore, sex and customer educational background can truly support the correlation of perceived innovation with green perceived value of customer. Paparoidamis, Nicholas G., and Huong Thi Thanh Tran (2019) consumers tend to express more positive product beliefs, higher preferences and stronger adoption intentions toward resource use elimination innovations compared with the other types of eco-innovations across two product categories. Although consumers are not willing to pay more, they would adjust their payment equity by increasing consumption levels for resource use elimination innovations. Second, this research demonstrates ECI affects adoption intentions via formulating consumer perceptions of product eco-friendliness. Perceived trade-offs between eco-friendly benefits and product effectiveness strengthens the positive effect of ECI while weakening the impact of perceived product eco-friendliness on adoption intentions. Sadiq, Mohd, Mohd Adil, and Justin Paul (2021) All the barriers are significant inhibitors towards adoption of ecofriendly cosmetic products. Among these barriers, tradition and image barriers have the strongest inhibitory force on consumers’ purchase intentions. However, environmental concern among consumers indicates that the negative influence of value and image barriers reduce consumers’ intention to purchase eco-friendly items, while health concern reduces the influence of tradition and risk barriers. The study findings have far reaching implications for scholars, cosmetic manufacturers, and retailers. Olasiuk, Hanna, and Udit Bhardwaj (2019) bridge the gap in understanding why shoppers in India despite high environmental awareness and positive attitudes practice sustainable consumer behaviour by consuming less than better. Systematization of literary sources and approaches for solving the problem of the low frequency of eco-shopping indicates that positive attitudes and purchase intentions correspond with environmental concerns, however, they are not manifested in more frequent purchase actions. The relevance of the solution of this scientific problem is that it gives orientation to the firms on a better understanding of the eco-market in India. Investigation of the topic reveals high ambiguity in buying decisions among young eco-buyers, who are ready to consume more but find it difficult due to high price, poor quality and distribution models of eco-firms. The research established the negligible impact of family members and friends as role models 116 IPE Journal of Management,Vol 14, No 03 Paparoidamis, Nicholas G (2019) Eco-innovations are an effective way for companies to strategically align themselves with customers’ growing environmental concerns. Despite their crucial role, scant research has focused on eco-innovative product designs. Drawing from the sustainability and innovation literature, this article proposes that in the design of an ecoinnovation, its degree of innovativeness, level of eco-friendliness, and detachability significantly affect consumers’ adoption intentions.This article develops various conceptual models tested through three independent online experiments with U.S. consumers. The findings support the hypotheses and provide useful insights into the underlying mechanisms of how and why consumers respond to eco-innovative product designs across various high-tech product categories. RESEARCH GAP In the realm of eco-friendly innovations shaping sustainable consumer behavior, a discernible research gap persists. Existing studies, while touching on consumer preferences and adoption trends, fall short in providing a thorough examination of the distinct hurdles impeding broad acceptance, the diverse effectiveness of various innovations, and the influence of information dissemination on consumer decision-making. This research endeavors to fill these unexplored areas, aiming to offer a more comprehensive understanding of the intricate relationship between eco-friendly innovations and their role in promoting sustainable consumer behavior. STATEMENT OF PROBLEM Given the escalating environmental challenges globally, promoting sustainable consumer behavior has become imperative. However, there is a significant gap in our understanding of how consumers adopt eco-friendly innovations. This research addresses key problems, including the intricate nature of consumer decision-making, barriers hindering innovation adoption, assessing the varied impact of sustainable solutions, and understanding the role of information and awareness. By examining these aspects, the study aims to offer insights crucial for businesses, policymakers, and researchers working towards positive environmental change and the widespread adoption of sustainable consumer practices. RESEARCH OBJECTIVES •• To Understand the Consumer Preferences. •• To Identify Adoption Challenges and market perspectives •• To Assess Environmental Impact on Consumer preferences. LIMITATIONS OF THE STUDY Study encounters several limitations that warrant consideration. Firstly, the scope of the research is delimited to a specific subset of eco-friendly innovations, potentially omitting a comprehensive exploration of emerging technologies or specific innovations not included in the study. Additionally, the findings may not be universally applicable due to the study’s focus on a particular demographic, acknowledging that geographical and cultural variations could impact the generalizability of the results. Temporal constraints pose another limitation, as the dynamic nature of eco-friendly innovations and consumer behavior implies that the study captures a moment in time rather than prolonged trends.The reliance on survey responses and case studies introduces potential biases and variations in data quality, affecting the overall robustness and generalizability of the study. External factors such as economic shifts or unforeseen global events may also influence consumer behavior in ways not fully accounted for in the research. Despite these limitations, the study endeavors to provide valuable insights into the relationship between eco-friendly innovations and sustainable consumer behavior within the defined parameters, recognizing the need for future research to address these constraints and enhance the depth of understanding in this critical domain. 117 Eco-friendly Innovations Shaping Sustainable Consumer Behaviour DISCUSSION In contemplating the intricate dynamics between eco-friendly innovations and the evolution of sustainable consumer behavior, a multifaceted discussion emerges, shedding light on the complexities, opportunities, and challenges inherent in this symbiotic relationship. The shift towards sustainable consumption is undeniably influenced by an array of psychological and behavioral factors, as consumers increasingly prioritize values such as environmental consciousness and social responsibility. Understanding the nuances of consumer decision-making processes reveals that perceptions of product efficacy, perceived social norms, and personal beliefs all play pivotal roles in shaping preferences for eco-friendly alternatives. Moreover, the identified barriers to innovation adoption encompass a diverse range of challenges, spanning from economic considerations and limited accessibility to insufficient awareness and concerns about product effectiveness. This highlights the need for a holistic approach that addresses not only the attributes of eco-friendly innovations but also the broader socio-economic landscape impacting their integration into mainstream markets. Evaluating the environmental impact of these innovations presents a dichotomy, emphasizing the significance of informed choices.While some innovations demonstrate commendable efficacy in reducing environmental footprints, others may fall short, underscoring the importance of a nuanced understanding of their actual contributions. As the study navigates through these dimensions, it is crucial to recognize the contextual variations influencing consumer behavior—geographical, cultural, and socio-economic factors significantly shape the adoption patterns of eco-friendly innovations.The case studies of successful eco-friendly products illuminate the importance of strategic marketing, effective communication, and fostering a culture of environmental responsibility. Despite the study’s limitations, such as the temporal constraints inherent in capturing a moment in the dynamic landscape of sustainability, the research endeavors to contribute comprehensive insights that can guide businesses, policymakers, and researchers in navigating the intricate terrain of eco-friendly innovations and sustainable consumer behavior. Tthe symbiotic relationship between eco-friendly innovations and sustainable consumer behavior requires a holistic understanding, acknowledging the diverse influences, barriers, and environmental implications that contribute to shaping a more environmentally conscious global culture. CONCLUSION The exploration of eco-friendly innovations and their influence on sustainable consumer behavior unveils a multifaceted landscape that demands nuanced understanding, dynamic strategies, and collaborative efforts to foster lasting positive change.The intricate interplay between psychological, cultural, economic, and environmental factors emphasizes the need for a holistic approach in shaping consumer choices. As we navigate the complexities of consumer decision-making processes, it becomes evident that strategies must extend beyond merely highlighting environmental benefits. Tailored campaigns that resonate with consumer values, aspirations, and social norms emerge as pivotal tools in steering preferences towards eco-friendly alternatives. Addressing barriers to innovation adoption requires a comprehensive strategy encompassing education, awareness campaigns, and collaboration between businesses, governments, and advocacy groups. Furthermore, the evaluation of the environmental impact of innovations underscores the importance of informed consumer choices and the continuous improvement of sustainable solutions. Looking forward, the study’s future lies in embracing emerging technologies, exploring cross-cultural dimensions, and adapting to evolving trends in sustainable consumerism. Longitudinal studies tracking the evolution of consumer behavior, interdisciplinary collaborations, and an agile approach to the study’s methodologies ensure its relevance and contribution to the ongoing global pursuit of a more sustainable and environmentally conscious future. As we stand at the intersection of innovation and environmental responsibility, this study serves not only as a snapshot of the current dynamics but as a guide for navigating the path towards a more sustainable and eco-conscious global society. FUTURE OF THE STUDY 118 IPE Journal of Management,Vol 14, No 03 Looking ahead, the study on eco-friendly innovations and their role in shaping sustainable consumer behavior holds exciting prospects and dynamic dimensions. Continuous advancements in eco-friendly technologies will necessitate ongoing research to comprehend the ever-changing landscape of innovation adoption. Integrating artificial intelligence and data analytics can provide deeper insights, enabling more targeted strategies. The study may evolve to encompass a global perspective, exploring cross-cultural variations in sustainable consumer behavior and adapting strategies to diverse contexts. As sustainable practices become ingrained in societal norms, longitudinal studies can track the evolution of consumer behavior over time. Enhanced collaborations between academia, industries, and policymakers may facilitate the seamless translation of research findings into practical applications and policy frameworks. Exploring the intersectionality of sustainability, considering factors like socio-economic status, gender, and age, could become crucial aspects of future investigations. The study may also delve into emerging trends, such as the sharing economy and the emphasis on product transparency, ensuring its adaptability to the evolving dynamics of sustainable consumerism. Ultimately, staying relevant and at the forefront of contributing actionable insights to global sustainability efforts requires the study’s continuous refinement, exploration of new variables, and responsiveness to the unfolding narratives of eco-friendly innovation and its profound impact on shaping sustainable consumer behavior. SUGGESTIONS In contemplating the myriad ways in which eco-friendly innovations can effectively shape sustainable consumer behavior, several key suggestions emerge as crucial pathways for fostering positive change. Firstly, recognizing the central role of consumer decision-making processes, it is imperative to employ targeted strategies that appeal to psychological and behavioral factors. This involves not only highlighting the environmental benefits of eco-friendly products but also framing them in a manner that aligns with consumers’ values and aspirations. Education and awareness campaigns, both online and offline, play a pivotal role in dismantling barriers to innovation adoption. By disseminating accurate information about the efficacy, accessibility, and economic viability of eco-friendly alternatives, these campaigns can address concerns and misconceptions, thereby paving the way for increased adoption. Collaboration between businesses, governments, and advocacy groups is crucial in fostering an ecosystem that supports the development, marketing, and accessibility of ecofriendly innovations. Businesses should be encouraged to adopt sustainable practices not only in their products but also in their entire supply chains. Governments can play a pivotal role through policy incentives, regulations, and initiatives that promote eco-friendly practices. Furthermore, integrating environmental education into school curricula can contribute to building a future generation of environmentally conscious consumers. Embracing technology, particularly in the form of digital platforms and apps, can facilitate real-time information access and consumer engagement. Leveraging social media and influencers can also amplify the reach of sustainability messages, creating a ripple effect within social networks. Ultimately, a collective effort involving businesses, policymakers, educators, and consumers is necessary to establish a robust framework for eco-friendly innovations to shape sustainable consumer behavior effectively. While these suggestions may encounter challenges and require ongoing commitment, they represent actionable steps toward cultivating a culture of conscious consumption that aligns with the imperatives of a sustainable future. REFERENCE 1. Chen, Sihua, et al. “Consumption behavior of eco-friendly products and applications of ICT innovation.” Journal of Cleaner Production 287 (2021): 125436. 2. Alamsyah, Doni Purnama, Didin Syarifuddin, and Hayder Alhadey Ahmed Mohammed. “Green customer behavior on eco-friendly products: Innovation approach.” JDM (Jurnal Dinamika Manajemen) 9.2 (2018): 159-169. 3. Paparoidamis, Nicholas G., and Huong Thi Thanh Tran. “Making the world a better place by making better products: Eco-friendly consumer innovativeness and the adoption of eco-innovations.” European Journal of Marketing 53.8 (2019): 1546-1584. 4. Olasiuk, Hanna, and Udit Bhardwaj. “An exploration of issues affecting consumer purchase decisions towards ecofriendly brands.” Marketing and Management of Innovations 2 (2019): 173-184. 119 Eco-friendly Innovations Shaping Sustainable Consumer Behaviour 5. Paparoidamis, Nicholas G, et al. “Being innovative while being green: An experimental inquiry into how consumers respond to eco innovative product designs.” Journal of Product Innovation Management 36.6 (2019): 824-847. 6. Sadiq, Mohd, Mohd Adil, and Justin Paul. “An innovation resistance theory perspective on purchase of eco-friendly cosmetics.” Journal of Retailing and Consumer Services 59 (2021): 102369. 7. Selvan, SCB Samuel Anbu, and J. P. Daniel. “Building A Greener Future: Impact Of Eco-Friendly Marketing Practices.” International Conference on Commerce and Management in the Digital Age:Trends, Challenges & Innovations. Shanlax Publications. 120 View publication stats