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Green Marketing refers to selling products and / or services based on their environmental benefits. There is growing interest among the consumers all over the world regarding protection of environment. It means assessing the environmental implications of a product at every phase in its life cycle.
Green Marketing refers to selling products and / or services based on their environmental benefits. There is growing interest among the consumers all over the world regarding protection of environment. It means assessing the environmental implications of a product at every phase in its life cycle.
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Green Marketing refers to selling products and / or services based on their environmental benefits. There is growing interest among the consumers all over the world regarding protection of environment. It means assessing the environmental implications of a product at every phase in its life cycle.
Copyright:
Attribution Non-Commercial (BY-NC)
Formati disponibili
Scarica in formato PPT, PDF, TXT o leggi online su Scribd
Evolution Of Green Marketing Five rules for Green Marketing How to develop Greener product that consumer will like to buy Green Product Development Issues Strategies for the success of Green Product Challenges for Green Marketing Environmental stake holders Some of the Examples for Green Marketing According to the American Marketing Association, green marketing is the marketing of products that are presumed to be environmentally safe.
Green marketing refers to the process of selling
products and/or services based on their environmental benefits. Such a product or service may be environmentally friendly in itself or produced and/or packaged in an environmentally friendly way. As resources are limited and human wants are unlimited, it is important for the marketers to utilize the resources efficiently.
There is growing interest among the consumers all over
the world regarding protection of environment.
It emerged as growing market for sustainable and
socially responsible products and services. “Did you know that between 80 and 85 percent of the energy used to wash clothes comes from heating the water? Tide Coldwater—The Coolest Way to Clean.” Tide Coldwater Laundry Detergent Know your customer. Be transparent. Reassure the buyer. Consider your pricing. How To Develop Greener Products That Consumers will Like-And Buy It means assessing the environmental implications of a product at every phase in its life cycle.
LCI is extremely useful for:
existing products areas for improvement proposed changes Benefits are: It can provide opportunities to preempt competition and costly legislation. In the process, it can often lead to positive publicity and enhanced brand and corporate image. It also try to solve the most significant long term issues associated with your products and packaging. Most often, this will entail pursuing a source reduction strategy. Environmental issues are quality issues and as such are part of an overall societal trend toward health maintenance Raw materials acquisition and processing Conservation of natural resources like water, land, and air. Waste minimization and pollution prevention, especially the use and release of toxics. Use of renewable resources; sustainable use of resources. Use of recycled material Energy efficiency
Conservationof natural resources such
as water required for the use of the product
Consumer health and environmental
safety Minimal use of material. Energy efficiency Water use. Emissions to air, water, land. Recyclability, and ease of reuse, remanufacture, and repair
Durability
Biodegradability
Safe when incinerated or landfilled
Minimizing Direct Environmental impact Source Reduce Products And Packaging Eliminate packaging Lightweight packaging Concentration products Concentrate products Develop Multi-purpose Products Use Recycled Content
Make Products More Energy Efficient.
Maximize Consumer And Environmental
Safety.
Make Products More Durable
Make Products And Packaging Reusable or
Refillable. DesignProducts For Remanufacturing, Recycling, and Repair.
Take Products Back For Recycling.
Make Products and Packaging Safe to
Landfill or Incinerate.
Make Products Compostable.
CHALLENGES OF GREEN MARKETING CHALLENGES OF GREEN MARKETING 1.How to define green • It is relative. e.g.: McDonald’s replaced paper hamburger wraps with polystyrene clamshells. 2.How to enlist consumer support for lifestyle changes necessary for greener behavior and products. While green products can often be less costly, more convenient, or perform better than alternatives, at times, they can also be less sanitary, less efficient, and less convenient. 3. How to overcome misperceptions and balance environmental ills with solutions. • They can pose significant risks to industry, forcing unnecessary and costly changes in products and manufacturing processes. 4.How to communicate without uniform guidelines for environmental marketing terms. • There are currently no nationally accepted guidelines for using environmental marketing claims for advertising and product labeling. • This lack of consistency among industry, government, and the scientific community is confusing consumers and is creating an uneven playing field. 5.How to gain credibility and assert that the interests of industry do not conflict with greenness. Industry is seen as creating the bulk of all pollution and controlling most of the natural resources, but is not perceived as having the necessary incentives to prevent further pollution or encourage cleanup. This has resulted in low credibility for industry’s environment related messages. E.g.: P&G 6.Eco-Strategic Change Management Concept. 7.Marketing and Promotion of Green Products • It is important to create awareness among consumers that there are alternatives and that even small contributions that involve little sacrifice actually make a difference. The Environmental Stakeholders:
Environmental stakeholders extend beyond the
obvious corporate stakeholders of employees, investors, and suppliers to include legislators and government agencies, educators, environmentalists, retailers, the media, and children. There is as much to gain from enlisting their support as there is to lose if they are ignored. The Consumer as Stakeholder
Consumers are important stakeholders
because purchasing behavior is based on their perceptions and their cooperation is vital to many of industry's environmental necessities such as reducing solid waste. Enlisting consumers' support provides marketers with the opportunity to maintain their loyalty and secure much needed cooperation. Children as Stakeholders If adults represent an opportunity for marketers, addressing children's environmental concerns holds even more promise. Children not only represent a large buying force in and of themselves, but they increasingly influence their parents' purchasing decisions. As future consumers, they are stakeholders worth developing relationships with now. Environmental Group Stakeholders
Alliances with environmentalists can help
marketers enhance impact, establish credibility with consumers and media, obtain valuable inputs for business and marketing planning, and, most importantly, ensure that a balanced point of view is communicated to all other stakeholders. Media Stakeholders Quick to broadcast environment-related accidents and to point out ways that popular products can harm the environment, media can also be responsive to industry's pro-active initiatives. A cooperative spirit is critical to developing this opportunity, and education will be needed to make sure that messages conveyed to consumers are accurate and fair. Retailer Stakeholders Retailers are on the front line of consumer concern, and they have their own environmental issues to manage, particularly regarding solid waste. At the same time, they have direct access to affluent green consumers and know it. Marketers who build coalitions with retailers aimed at solving their needs and the needs of their customers will enjoy enhanced sales and strengthened vendor relationships. Government Stakeholders Long viewed as an adversary to business, many marketers are finding that working with government can help to create balanced legislation. It can also pay off in access to technical resources and information that can provide competitive leverage and open the door to new marketing opportunities. A pro-active stance is required to take advantage of these opportunities. Some of the examples of green marketing: CONCLUSION:
Green marketing is catching on in a big way.
Marketers as well as consumers are slowly but strongly recognizing it. Awareness is being created about the use of such materials, which are helpful in conserving the environment and are eco-friendly. Green marketing is gaining prominence across the world and in India too. THANK U U………………….