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SUBMITTED BY: BEEMA M JABBAR(513) CHINTU ELIZABETH KUNCHERIA(516)

According to the American Marketing association,


green marketing is the marketing of products that are presumed to be environmentally safe.

"Green Marketing" refers to holistic marketing concept where in the production, marketing ,consumption and

disposal of products and services happen in a manner


that is less detrimental to the environment .

Pride and Ferrell (1993) Green marketing, also alternatively known as environmental marketing and

sustainable marketing, refers to an organization's efforts at


designing, promoting, pricing and distributing products that will not harm the environment.

Polonsky (1994) defines green marketing as all activities


designed to generate and facilitate any exchanges intended to satisfy human needs or wants, such that the satisfaction of these needs and wants occurs, with minimal detrimental impact on the natural environment.

Elkington (1994: 93) defines green consumer as one who avoids products that are likely to endanger the

health of the consumer or others ; cause significant


damage to the environment during manufacture, use or disposal; consume a disproportionate amount of energy; cause unnecessary waste; use materials derived

from threatened species or environments; involve

unnecessary use of, or cruelty to animals;


adversely affect other countries.

The term Green Marketing came into prominence in


the late 1980s and early 1990s.

The American Marketing Association (AMA) held the first workshop on "Ecological Marketing" in 1975 The proceedings of this workshop resulted in one of the

first books on green marketing entitled "Ecological


Marketing".

Know you're Customer:


Make sure that the consumer is aware of and concerned about the issues that your product attempts to address.

Reassure the Buyer: Consumers must be made to believe that the product

performs the job it's supposed to do-they won't forego


product quality in the name of the environment.

Consider Your Pricing:


If you're charging a premium for your product-and many environmentally preferable products cost more due to

economies of scale and use of higher-quality ingredientsmake sure those consumers can afford the premium and feel it's worth it.

Thus leading brands should recognize that consumer


expectations have changed: It is not enough for a company to green its products;

consumers expect the products that they purchase pocket


friendly and also to help reduce the environmental impact in their own lives too.

CONSUMER VALUE POSITIONING

Design environmental products to perform as well as


(or better than) alternatives.

Promote and deliver the consumer desired value of environmental products and target relevant consumer market segments.

Broaden mainstream appeal by bundling consumer


desired value into environmental products.

CALIBRATION OF CONSUMER KNOWLEDGE


Educate consumers with marketing messages that connect environmental attributes with desired consumer value.

Frame environmental product attributes as solutions

for consumer needs.

Create engaging and educational internet sites about environmental products desired consumer value.

CREDIBILITY OF PRODUCT CLAIM Employ environmental product and consumer benefit claims that are specific and meaningful.

Procure product endorsements or eco-certifications from trustworthy third parties.

educate consumers about the meaning behind those endorsements and eco certifications.

Encourage consumer evangelism via consumers social and

internet communication network with compelling,


interesting and entertaining information about environmental products.

Issues like Global warming and depletion of ozone


umbrella are avoided.

Focuses on financial gain and economic profit without affecting environment.

Enables healthy survival of business.

The products those are manufactured through green technology and that caused no environmental hazards are called green products.

CHARACTERISTICS

Products those are originally grown


Products those are recyclable, reusable and

biodegradable

Products with natural ingredients

Products containing recycled contents, non-toxic

chemical

Products contents under approved chemical Products that do not harm or pollute the environment Products that will not be tested on animals Products that have eco-friendly packaging i.e.

reuseable, refillable containers etc.

Organizations perceive environmental marketing to be

an opportunity that can be used to achieve its


objectives.

Organizations believe they have a moral obligation to be more socially responsible.

Governmental bodies are forcing firms to become more

responsible.

Competitors' environmental activities pressure firms to change their environmental marketing activities.

Cost factors associated with waste disposal, or


reductions in material usage forces firms to modify their behavior.

Eco-marketing, or green marketing, is a trend in


business where companies create an image of themselves as an environmentally friendly organization

in order to gain favor with environmentally conscious


customers. Companies mainly engage in eco-marketing through advertisements, but some may also create an environmentally friendly image by taking a stance on political issues

McDonalds The increasing public shift toward greener living has sent a clear signal to the powers that be at the popular fast-food chain. Instead of ravaging the natural habitats of animals, McDonalds now works in close collaboration with PETA on systematically reforming

its business practices to be more humane and friendly


to the environment in which they operate.

Wal-Mart According to sustain a blog Wal-Mart has launched an ambitious long term plan to eventually power each and every one its stores using 100% renewable energy

sources. According to the companys executives, WalMart is committed to using its waste-eliminating corporate philosophy to make its own operations more eco-friendly than ever.

Toyota Toyota is famous for offering the Prius, the worlds first mass-market hybrid vehicle. The popular car is now sold in over 40 countries The Environmental Protection Agency

has recognized toyotas efforts as well, crowning the Prius


and its 48MPG as the most fuel-efficient car available for purchase in the U.S. Similar authorities in the United

Kingdom have applauded the Prius, namely the UK


Department of Transport, who ranked the vehicle as the third least carbon-emitting auto in the country.

Dell

Through no computer should go to waste recycling program , Dell allows customers to return any Dell-

branded product back to the company for free. The


company has even gone so far as to establish programs that accept computers, monitors, or printers from other companies for safe disposal, as well.

Coca-Cola Coca-Cola has narrowed down 3 environmental goals on which to focus their efforts: water stewardship, sustainable packaging, and climate & energy protection. Each of these initiatives is detailed and explained at their corporate website. In just a few years, Coca-Cola has already gotten itself involved in community recycling programs and a complete, sustainability-focused overhaul of its packaging designs.

Need for standardization.


New Concept Patience and perseverance for long term investment opportunity.

Avoiding green myopia.

Organizations are Perceive Environmental marketing


as an Opportunity to achieve its objectives. Firms have realized that consumers prefer products that do not harm the natural environment as also the human health.

Use the fact that they are environmentally responsible

as a marketing tool.

Governmental Bodies are forcing firms to become more responsible.

It forces the firm to adopt policy which protects the interests of the consumers. It does so in following

ways:

Reduce production of harmful goods or by products Modify consumer and industry's use and /or consumption of harmful goods; or

Ensure that all types of consumers have the ability to

evaluate the environmental composition of goods.

Now this is the right time to select Green Marketing globally. It will come with drastic change in the world of business if all nations will make strict roles because green marketing is essential to save world from

pollution.
Recycling of paper, metals, plastics, etc., in a safe and environmentally harmless manner should become much more systematized and universal. It has to become the general norm to use energy-efficient lamps

and other electrical goods . Marketers also have the responsibility to make the consumers understand the need for and benefits of green products as compared to non-green ones. In

green marketing, consumers are willing to pay


more to maintain a cleaner and green environment. Finally, consumers, industrial buyers and suppliers need to pressurize effects on minimize the negative effects on the environment-friendly.