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By Varun S 8th Sem IEM 1BM08IM06 0 Click to edit Master subtitle style
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Introduction
Green Marketing refers to holistic marketing concept
wherein the production, marketing consumption an disposal of products and services happen in a manner that is less detrimental to the environment with growing awareness about the implications of global warming non-biodegradable solid waste, harmful impact of pollutants etc., both marketers and consumers are becoming increasingly sensitive to the need for switch in to green products and services
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and services that satisfy customer's want and need for Quality, Performance, Affordable Pricing and Convenience without having a detrimental input on the environment.
traditional marketing by promoting environmental core values in the hope that consumers will associate these values with their company or brand. Engaging in these sustainable activities can lead to creating a new product line that caters to a new target market.
"Take care of Earth and the Earth will take care of you..."
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Definitions
Green marketing refers to all activities designed to generate
and facilitate any exchanges intend to satisfy human needs or wants, such that satisfaction of these needs & wants occurs, with minimal detrimental impact on the natural environment. 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.
marketing is the marketing of products that are presumed to be environmentally safe. Thus green marketing incorporates a broad range of activities, including product modification, changes to the production process, packaging changes, as well 5/14/12
three phases:
during this period all marketing activities were concerned to help environment problems and provide remedies for environmental problems. focus shifted on clean technology that involved designing of innovative new products, which take care of pollution and waste issues. prominence in the late 1990s and early 2000.
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There is no standardization currently in place to certify a product as organic. Unless some regulatory bodies are involved in providing the certifications there will not be any verifiable means. A standard quality control board needs to be in place for such labeling and licensing.
New Concept
Indian literate and urban consumer is getting more aware about the merits of Green products. But it is still a new concept for the masses. The consumer needs to be educated and made aware of the environmental threats. The new green movements need to reach the masses and that will take a lot of time and effort.
investment opportunity, the marketers need to look at the long-term benefits from this new green movement.
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PRODUCT:
The ecological objectives in planning products are to reduce resource consumption and pollution and to increase conservation of scarce resources.
v For example, Nike is the first among the shoe companies to market itself as green.
It is marketing its Air Jordan shoes as environment-friendly, as it has significantly reduced the usage of harmful glue adhesives.
PLACE:
The choice of where and when to make a product available will have significant impact on the customers. Very few customers will go out of their 5/14/12 way to buy green products.
PRICE:
Price is a critical and important factor of green marketing mix. Most consumers will only be prepared to pay additional value if there is a perception of extra product value. This value may be improved performance, function, design, visual appeal, or taste. Green marketing should take all these facts into consideration while charging a premium price.
v Wal-Mart unveiled its first recyclable cloth shopping bag. IKEA started charging
consumers when they opted for plastic bags and encouraged people to shop using its "Big Blue Bag.
PROMOTION:
Green promotion involves configuring the tools of promotion, such as advertising, marketing materials, signage, white papers, web sites, videos and presentations by keeping people, planet and profits in mind.
v British petroleum (BP) displays gas station which its sunflower motif and boasts
of putting money into solar power. Indian Tobacco Company has introduced environmental-friendly papers and boards, which are free of elemental chlorine.
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Marketing Strategies
The marketing strategies for green marketing include: Marketing Audit (including internal
Know you're
Customer
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ADOPTION BY FIRMS
Green marketing has been widely adopted by the firms worldwide and the following are the possible reasons cited for this wide adoption:
Opportunities Government Pressure Competitive Pressure Social Responsibility Cost of Profit Issues
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Toyota is well known for having the first hybrid-electric car on sale, the Prius. They conducted business with the idea to contribute to the sustainable development of the society and therefore of the Earth. Toyota has always tried to find the right balance between economic growth and environmental preservation. And the key to keep that balance is the everyday technological innovation. Since 2003, Toyota has been establishing regional environmental committees to promote environmental initiatives. These committees take initiatives in all Toyota sites but also outside the sites .Altogether, they form the Toyota Environmental Committee. All the plants of Toyota are also equipped with the EMS (environmental management system) to make sure they comply with the internal requirements.
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Energy/Global Warming, Recycling of resources, Substances of concern, Atmospheric Quality and solutions have been adopted and implemented inside the company in all areas of activity. Among those solutions some key points can be identified: CO2 emissions management, reinforcement of environmental management by business partners, elimination of substances of concern, cooperation to develop a recycling-based society.
Toyota also edited the 'Toyota Green Purchasing Guidelines'. This very
detailed document draws the main green values, rules, expectations regarding to its supply chain. This document is transmitted to all Toyota suppliers around the world and these have to comply with what is written.
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are only developing their first generation. Besides, Toyota is also developing new hybrid models, including a SUV and a sport car. Hybrid Prius:
Toyota was the first brand to introduce an ecological car with the Prius which was at the time the first Hybrid car in the world. Today this one is the only familial car giving to the buyer the opportunity to get a 15% premium and to drive ecologically. The Prius is not the only model to give to consumers l5% premium since the iQ also allows it. This model is a very small economic car. Toyota also proposes 2 other models rejecting less than 115g/km of CO2, the Aygo and the Yaris.
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using the original hybrid technology as core technology. The development of this car is still continuing. At the same time Toyota is testing many alternatives, many new sources of energy in order to find the best solution for the future.
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Environmental vision: "Zero emission cars, Zero waste plants, and the greener tomorrow
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offering what buyers want--advance technology, more power, safety, interior space, while simultaneously giving nature what it wants: lower tailpipe emissions
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WEBSITES
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CONCLUSION
Green marketing should not be considered as just one more approach to marketing, but has to be pursued with much greater vigor, as it has an environmental and social dimension to it. 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 greener environment.
10 years down the line, green-compliance would be an absolute necessity for all brands, and those that don't catch up are going to be left behind to die.
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References
1. Mishra etal./Journal of Engineering, Science and
new-hopes-and-challenges
7. Business Strategy and the Environment Bus. Strat. Env.