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Indian Journal of Marketing

ISSN: 0973-8703 Frequency: Monthly Peer Review: Double-blind Published since: 1968 Language: English
A publication of AMCPL
amcon.co.in
New Delhi, India
Indexed in: Scopus Q3 UGC-CARE Group II ABDC: C Google Scholar J-Gate NAAS NISCAIR Crossref

Original Article

Open Access Original Article

The Metamorphic Influence of Cause-Related Marketing : Empowering Consumers as Catalysts for Societal Transformation

Shikha Bhagat1Shilpa Sarvani2M. V. Rama Prasad3

1 Assistant Professor , School of Business and Management, Christ University, Bangalore - 560 076, Karnataka

2 Assistant Professor, School of Business and Management, Christ University, Bangalore - 560 076, Karnataka

3 Professor and UGC Research Awardee, GITAM School of Business-Bengaluru (GSBB), GITAM (Deemed to be University), Bangalore Campus, Nagadenahalli, Doddaballapur Taluk, Bangalore - 562 163, Karnataka

Volume 54
Issue 4
Pages 60–79
Year 2024
Received: Aug. 20, 2023 Accepted: March 20, 2024 Published: April 1, 2024
Abstract

Purpose: In a market where prices and quality are fiercely competitive, companies have overflowed the market with a number of suitable brands. In the competitive business world of today, marketing tactics must always evolve to meet changing times and circumstances. Researchers have been motivated to discover the underlying aspects driving cause-related marketing strategy due to its global acceptability. This research elucidated the concept of cause-related marketing and emphasized the elements that motivate consumers to engage in such initiatives and influence their choice of products.Design/Methodology/Approach : The study was conducted with the help of a questionnaire sent to 480 respondents, out of which 432 questionnaires were found to be complete. Furthermore, the study examined the significance of each factor and its impact on decision-making using the confirmatory factor SEM model to analyze the data.

Findings: The study revealed that “Commitment” was the utmost preferred attribute for the preference of cause-related marketing products.Practical

Implications: A competitive edge may be obtained through cause-related marketing. Companies may provide financial support, increased awareness, and motivated actions for significant causes by making the most of their resources and efforts. This collaborative effort between companies and consumers has the potential to improve society significantly.

Originality: The confirmatory factor SEM model has been used in this work to address urgent problems, new trends, or important information gaps.

Keywords Cause-Related Marketing Societal Transformation Consumer Buying Decision SEM Model Commitment
How to Cite

Shikha Bhagat, Shilpa Sarvani, M. V. Rama Prasad (2024). The Metamorphic Influence of Cause-Related Marketing : Empowering Consumers as Catalysts for Societal Transformation. Indian Journal of Marketing, 54(4), 60–79. https://doi.org/10.17010/ijom/2024/v54/i4/173714

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