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The Potential of an Environmentally Friendly Business Strategy — Research from the Czech Republic

Year: 2015

Type: article

Abstract: This article deals with the importance of environmental factors for business strategy. It discusses the potential benefits to companies which show concern for the environment beyond their legal obligations. The main contribution of this article is in presentation of the results of a questionnaire survey concerning customer views on products certified as ‘environmentally friendly’. The knowledge of the respondents concerning individual instruments was not great. Most of the respondents were unwilling to pay more than 20% more for environmentally friendly products in comparison with conventional products. Only 38% of the respondents bought environmentally friendly products repeatedly.

Source: International Journal of Engineering Business Management

DOI: 10.5772/60064

Author: Josef Krause

Institution: Prague University of Economics and Business

Language: English

Topic: Environmental Sustainability in Business

Subfield: Marketing

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Responsible consumption and production

Open Access status: gold

Estimated APC paid: $2,000