What Happens To Modern Business When Consumers Stop Consuming?

  • 📰 ForbesTech
  • ⏱ Reading Time:
  • 26 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 59%

Vinted Noticias

Christopher Marquis,Patagonia

I am the Sinyi Professor of Chinese Management at Cambridge's Judge Business School. I research and write about how businesses are creating a more sustainable and equitable economic system.

For as long as we can remember, business has been built around a simple model. Create demand, service this demand, and reap the profits. As a result, we’ve created a society that sees mass-consumption as second nature, chasing the next dopamine hit in their online shopping cart.

One company who has been at the forefront of this transformation is Patagonia, a company that has challenged the retail industry's norms with its anti-consumption stance. Their"Don't Buy This Jacket" campaign, launched during Black Friday in 2011 highlighted the environmental costs of overconsumption. They also focus on product longevity offering free repairs on their products, and encourage customers to value and maintain their gear longer, reducing the need for new purchases.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 318. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Unveiling the Integrated Ecosystem: How Innovation, Design, and Security Converge to Redefine Modern Business StrategiesIn the dynamic landscape of modern business, the convergence of innovation, design, and security has emerged as a powerful force reshaping organizational strategies.
Fuente: sfexaminer - 🏆 236. / 63 Leer más »

Doing business in China is growing tougher, more uncertain, European business group saysA report by a European business group says that uncertainty and “draconian regulations” have drastically raised risks for foreign businesses in China.
Fuente: wjxt4 - 🏆 246. / 63 Leer más »

Doing business in China is growing tougher, more uncertain, European business group saysA report by a European business group says that uncertainty and “draconian regulations” have drastically raised risks for foreign businesses in China.
Fuente: ksatnews - 🏆 442. / 53 Leer más »

Doing business in China is growing tougher, more uncertain, European business group saysA report by a European business group says that uncertainty and “draconian regulations” have drastically raised risks for foreign businesses in China. The report by the European Union Chamber of Commerce in China, released Wednesday, urges China's leaders to do more to address concerns that it says have “grown exponentially” in recent years.
Fuente: AP - 🏆 728. / 51 Leer más »

Ohio Small Business Owners Fear a TikTok Ban Would Take a Hit to Their SalesOhio small business owners worry banning TikTok could be bad for business.
Fuente: ClevelandScene - 🏆 383. / 55 Leer más »