Green Marketing
Green Marketing
Green Marketing
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THE AMERICAN
MARKETING ASSOCIATIN
(AMA) DEFINITION
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According to American Marketing Association Workshop on Ecological
Marketing (1975): “ Any marketing activity of a firm that is intended to
create positive impact or lessen the negative impact of a product on the
environment and as a result capitalize on consumers concern for
environmental issues.
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The evolution of green marketing consists of three phases:
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Government Norms/Regulations: Government norms and
regulations force a firm to switch to Green Marketing.
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ESSENTIALS FOR GOING GREEN:
• Awareness of the Consumer: It must be assured that the consumer is
aware of the company’s approach towards Green Marketing, so that it
creates a long term effect of change in the behavior of the consumer.
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Reassurance to the Consumer: The consumers must be assured of
the product quality and performance. Retention institutional
advertising can be used for effectiveness.
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CHALLENGES TO GREEN
MARKETING:
Green marketing requires a considerable amount of
expenditure upon research and development making it more
expensive due to which the concept of green marketing is not
very successful yet.
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The usage of natural ingredients increases the cost of the
green products thereby raising concerns of affordability on
part of the consumer.
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CORPORATE INITIATIVES TOWARDS
GREEN-MARKETING:
In global scenario, DELL has been one of the ventures to focus on
producing green IT products by their strategy called “go green with
DELL”.
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Nike is marketing its Air Jordan shoes as eco friendly that it
has reduced the use of harmful adhesives in its
manufacturing.
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SUGGESTIONS:
It is imperative for countries to take the leads with more thrust on ‘Going Green’. The
need of an hour is sincere efforts on part of both central and state govt.’s, corporate
and the agencies involved. The suggestions to achieve green objectives are:
Tax benefits must be rendered upon manufacturing green products promoting green
marketing.
Ensure negative factors are taken into consideration, which include environmental
hazards caused by using non green products.
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Ensure comparative differences are justified; Comparative differences
of using of using a green product over a non green product should be
clearly mentioned.
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WEBSITES:
http://en.wikipedia.org/wiki/Green_marketing
www.Businesswireindia.com
www.cohnwolfe.com/en/ideas-insight/white-papers/g
reen-brands-survey-2011
www.emeraldinsight.com/0263-4503.html
www.greenmarketing.net/stratergic.html
www.greenpeace.org/international
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THANK YOU!