SBANC Newsletter

March 14, 2006

Issue 412-2006

QUOTE

"Of all the things that can have an effect on your future, I believe personal growth is the greatest. We can talk about sales growth, profit growth, asset growth, but all of this probably will not happen without personal growth."

     --
Jim Rohn

 


FEATURE PAPER

Environmental Marketing: A Model of Consumer
Behavior

The following paper was presented at the 2005 Annual Meeting of the Association of Collegiate Marketing Educators (ACME) in Dallas, Texas. It was written by My H. Bui of Loyola University New Orleans.

Abstract

This article is a literature review on environmental marketing. Additionally, the author proposes a model and hypotheses of how input (i.e. values, beliefs/knowledge, needs & motivations, attitudes, and demographics) and intervening variables (i.e. eco-labels and consumer backlash) influence consumers’ purchase intentions and purchase decisions for eco-products.

Introduction

Beginning in the 1970s, a significant amount of research has been conducted on consumer behavior for environmentally friendly products. Many variables were shown to drive consumer choice in regards to purchasing environmentally friendly products. These variables can be grouped into values, beliefs/knowledge, needs & motivations, attitudes, and demographics. Moreover, a number of intervening variables affect consumers’ intention to pay more for an environmentally friendly product, grouped into eco-labels and consumer backlash. This paper summarizes the results of past research and presents a model showing the relationship between these variables and consumer purchases of environmentally friendly products.

Read the Entire Paper...

CONFERENCES

JSBM/COB@FAU
Who:
Journal of Small Business Management/College of Business at Florida Atlantic University
What:

2nd Annual Office Depot Small Business Research Forum on Small Business and Entrepreneurial Marketing

Where:  Ft. Lauderdale, Florida, USA
When: March 18, 2006

IPSI
Who:
Internet, Processing, Systems, and Interdisciplinary (Research)
What:

IPSI 2006 - AMALFI

Where:  Hotel Santa Caterina in Amalfi, Italy
When: March 23-26, 2006

ASIA
Who:
Arkansas Self-Insurers Association
What:

State of Arkansas Workers' Compensation Educational Conference

Where:  Hot Springs Convention Center in Hot Springs, Arkansas, USA
When: March 29-31, 2006

IABD
Who:
International Academy of Business Disciplines
What:

18th Annual Meeting

Where:  Red Lion Hanalei Hotel, San Diego, California, USA
When: April 6-9, 2006

Barcoding Inc.
Who:
Barcoding Inc.
What:

The Future of Barcoding and RFID Conference and Exhibition

Where:  Baltimore, Maryland, USA
When: April 25, 2006


CALLS FOR PAPERS

The Globalism Institute
Who:
The Globalism Institute
What:

Thirteenth International Literacy Conference on Learning

Where:  Montego Bay, Jamaica
When: June 22-25, 2006

Submission Deadline:
March 22, 2006


American Society for Competitiveness
Who:
American Society for Competitiveness (ASC)
What:

17th Annual Conference

Where:  Washington, D.C., USA
When: November 9-11, 2006

Submission Deadline:
June 5, 2006


Society for Marketing Advances
Who:
Society for Marketing Advances
What:

2006 Conference

Where:  Gaylord Opryland Resort and Convention Center in Nashville, Tennessee, USA
When: November 1 – 4, 2006

Submission Deadline:
April 1, 2006


ISBE
Who: Institute for Small Business & Entrepreneursip
What:

29th Annual Conference

Where: University of Glamorgan in Wales, UK
When: October 31-November 2, 2006

Submission Deadline:
May 31, 2006


Association for Small Business and Entrepreneurship
Who: Association for Small Business and Entrpreneurship (ASBE)
What:

Fall Conference

Where: Best Western in Corpus Christi, Texas
When: November 1-3, 2006

Submission Deadline:
August 1, 2006

TIP OF THE WEEK

Great Ideas for Making Idea-Prone Companies

1. Give yourself and your employees time to think of ideas. While it can seem that there is never enough time to get everything done and deadlines are always looming, you can't afford not to take the time to come up with new ideas. Allow even just a few minutes every day to discover what your customers or employees are thinking and what problems or frustrations they may be experiencing. Ask your employees what they are working on, where there may be problems, and what ideas they have for solving them.

2. Positively reinforce ideas--avoid the automatic no. As discussed earlier don't rush to judge ideas. It's the process of coming up with ideas that needs to be reinforced, not whether the idea is good or not. Evaluation can come later.

3. Look to unlikely sources of opportunities. You never know where creativity an innovation will emerge. Think beyond your age group, socioeconomic status, and education.

4. Get a room with a view. Give your employees--and yourself--varied experiences. Get away from the office, go visit customers, allow employees to learn one another's jobs, and so on. It enables people to get a different perspective, and it is when we can change our routine that breakthrough ideas often can be discovered.

An innovative company does not automatically develop out of an innovative business idea. You have to deliberately set your expectations and communicate them to your employees. Remember that recognition is fuel--it fans the fires of creativity and helps your business reach potentials that you may never have anticipated. Einstein said, "Creativity is contagious...pass it on." As the business owner, you are in a unique position to make sure that people's brains don't stop at your company's door. .

Katz, Jerome A., and Richard P. Green. Entrepreneurial Small Business. New York: McGraw-Hill/Irwin, 2007. 94.

 

Three Call Behaviors of Successful Salespeople

1. Let the customer talk more than you do. According to SPIN Selling, "The more your customer talks, the more you will learn about their needs, which puts you in a better position to offer them the most customized and most helpful solutions." Encourage your customers to talk to you about their situations and problems. As they talk, they begin to understand their own needs better and begin to realize the importance of solving their problems.

2. Ask the right questions! How do you get customers to talk to you? Rackham notes that you have to ask the right questions. If your sales calls are leaving you with little information, you're not asking the questions that uncover your customers' needs. Instead of focusing on selling your product, focus on listening to your customer. Try to draw him of her out. Be a friend. You need to fully understand his or her problems before trying to suggest that your product or service could provide a solution.

3. Wait to offer products and solutions until later in the call. First, let your customer talk. Second, once you've got the customer talking, ask the right questions to help uncover his or her problems. Now you are ready to offer your product or service as a solution to one of these problems. As Rackham writes, "You cannot know what solution to offer if you do not uncover customer needs and decision criteria first. For example, if you spend your time with the customer talking about how quiet your machine is, and noise is not a factor your cares about, you've wasted your time." You cannot offer a solution until you know what problem the customer needs to solve.

Mariotti, Steve. Entrepreneurship: Starting and Operating a Small Business Upper Saddle River, New Jersey: Pearson/Prentice Hall, 2007. 126.

 

 

 

ANNOUNCEMENTS

UTPB Receives AACSB International Accreditation

President W. Davis Watts, Provost William R. Fannin, And Dean Geralyn McClure Franklin are pleased to accounce that The University of Texas of the Permian Basin School of Business has received initial business accreditation of its Bachelor of Business Administration, Master of Business Administration, and Master of Professional Accountancy degrees from AACSB International-The Association to Advance Collegiate Schools of Business.

 

 

 

 

The SBANC Newsletter is provided as a service to the members of our affiliates: Academy of Collegiate Marketing Educators (ACME), Association for Small Business & Entrepreneurship (ASBE), Federation of Business Disciplines (FBD), International Council for Small Business (ICSB), Institute for Supply Management (ISM), The International Small Business Congress (ISBC), Marketing Management Association (MMA), Small Business Administration (SBA), Service Corps of Retired Executives (SCORE), Small Business Institute (SBI), Society for Marketing Advances (SMA), United States Association for Small Business & Entrepreneurship (USASBE), U.S. Department of Veterans Affairs (VA).. If you are interested in membership or would like further information on one of our affiliates, please see our web site at http://www.sbaer.uca.edu

 

 

SBANC STAFF

Main Office Phone: (501) 450-5300

Dr. Don B. Bradley III, Executive Director of SBANC & Professor of Marketing;

Direct Phone: (501) 450-5345

Ashley Ford, Development Intern

Garion McCoy, Development Intern

Brandon Tabor, Development Intern

Tyler Farrar, Development Intern

 

To subscribe or unsubscribe to the SBANC Newsletter, please E-mail SBANC at sbanc@uca.edu

Small Business Advancement National Center - University of Central Arkansas
College of Business Administration - UCA Box 5018 201 Donaghey Avenue
Conway, AR 72035-0001
- Phone (501) 450-5300 - FAX (501) 450-5360