The same has equally been witnessed among the modern consumers who have become more aware of the kind of products which they expect. In the past, the textile industry has witnessed several issues some who have a negative effect on the progress of development. For example, the notable collapse of Rana Plaza which is situated in Bangladesh led to a lot of damage and ended up killing many people (Carter & Jennings 2012). The other notable industry regards the one which collapsed in Mumbai. One feature which has characterized most of the collapsing industries is due to their insignificant social responsibility, especially to their stakeholders.
The stakeholders within the textile industries have been seen as important and critical decision makers who can make a company progress or otherwise collapse depending on the way they are handled and treated by the specific company. Therefore, most of these companies ended up collapsing due to lack of social responsibility framework to promote their activities. Consumers, equally, have been aware of the need for social responsibility and ethical practices for the company. Research studies indicate that most consumers have little concern as to whether a particular company engaged in ethical practices or otherwise.
Most consumers actually have little knowledge of what constitutes an ethical practice. They simply require identifying a particular company and engaging in trade without much consideration on the impact of ethical or non-ethical activities being perpetrated by the particular company. In fact, some consumers till engage in trade with companies that have been deemed and declared as non-ethical. One of the most common reasons given to explain this unprecedented action by the consumers is a lack of sufficient knowledge regarding the kind of activities done by such companies.
Most of the consumers lack sufficient knowledge regarding the activities done by these companies especially those done during the processes of production. Therefore, most of the consumers act in the light of little knowledge. On the other hand, some consumers assert that they continue to engage in trade with such unethical companies since they find it difficult to among products that they have purchased over time. Many assert that they have much preference and attention for other things such as the price of the product, quality and value of such products which are manufactured and sold by the companies.
The elements considered by the present consumers are issues to do with the product price and quality. Once they are satisfied with these key product aspects, they simply engage in purchase with little or no focus on the ethical or non-ethical activities done by the respective companies. This has been seen as one of the aspects that have promoted the unethical companies to engage and continue with their practices since their activities have little attention and have little consideration for the consumers.
The study, however, revealed that in the case where the unethical activity has direct negative impact on the consumer, then there are likely to be concerned and make retracted decisions. Some activities usually have direct or indirect implication to the immediate consumers. However, most unethical behaviors have direct impacts on the consumers, especially within the textile industry. In cases where such unethical activities have direct negative implications, the consumers are seen to be much interested in understanding this unethical behavior.
Studies agree that consumers tend to change their purchasing patterns when they have full information of the negative implication of the unethical activities perpetrated by a company into their lives. The most common case is when the information about ethical or unethical activities have been hidden or not exposed to these consumers forcing them to have a more macro view of the entire situation (Carter & Jennings 2012). How marketing managers use ethical theories The Fast fashion concept theory The concept of Fast Fashion is one of the most relevant concepts in the textile industry.
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