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Exploring the relationship between sustainable business practices and increased brand loyalty


Article Information

Title: Exploring the relationship between sustainable business practices and increased brand loyalty

Authors: Edith Ebele Agu, Toluwalase Vanessa Iyelolu, Courage Idemudia, Tochukwu Ignatius Ijomah

Journal: International journal of management & entrepreneurship research

HEC Recognition History
No recognition records found.

Year: 2024

Volume: 6

Issue: 8

Language: en

DOI: 10.51594/ijmer.v6i8.1365

Categories

Abstract

This review paper examines the relationship between sustainable business practices and brand loyalty, focusing on their implications for modern businesses. Sustainable practices encompass environmental, social, and economic dimensions influencing consumer perceptions, trust, and brand loyalty. The literature review explores how sustainability enhances customer retention, builds a positive brand image, and provides a competitive advantage in a socially conscious marketplace. Key findings underscore the importance of transparency, authenticity, and ethical engagement in fostering deeper consumer connections and long-term brand loyalty. Practical implications for businesses include strategies for integrating sustainability into core business strategies to enhance consumer trust, differentiate from competitors, and achieve long-term financial gains. As consumer expectations evolve and regulatory landscapes shift, businesses are encouraged to innovate sustainably and prioritize responsible corporate citizenship to align with global sustainability goals.
Keywords:  Sustainable Practices, Brand Loyalty, Consumer Perceptions, Trust, Competitive Advantage, Corporate Responsibility.


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