Research On Green Marketing
Research On Green Marketing
Research On Green Marketing
REFERENCE
CLASSMATE
MARKETING:-WITH
TO
ITCS
BRAND-
ABSTRACT
INTRODUCTION
GREEN MARKETING
Green marketing is a vital constituent of the holistic
marketing concept. It is based on an assumption that
the customers will view a product or service as
environment friendly and then implement buying choices
accordingly. Green marketing refers to marketing with an
ecological conscience, so as to minimize environmental
pollution, reduce the usage of non-replenish able natural
resources. In recent times, more and more companies are
adopting green marketing practices, thereby minimizing
wastage and integrating their activities with the
environment. Indian companies are also serious about
building environmental sustainability into their business
practices.
Green marketing incorporates a broad range of
activities, including product modification, changes to
the production process, packaging changes as well as
modifying advertising. In fact green marketing is the
process of developing products and services and
promoting them to satisfy the customers who prefer
products of good quality, which of the same time do not
have a detrimental impact on the environment.
According
to
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.
Clearly green marketing is part and parcel of over all
corporate
strategy;
along
with
manipulating
the traditional marketing mix (product, price, promotion
and place) , it require an understanding of public policy
process. So we can say green marketing covers a broad
range of activities. Different writers has given different
definition about green marketing which tried to cover all
major components of green marketing.
According to Polonsky (1994)- green or environmental
marketing consists of all activities, designed to generate
and facilitate any exchange indented to satisfy human
needs and wants, such that the satisfaction of these
needs and wants occur with minimum detrimental impact
on the natural environment.
Definition also includes the protection of natural
environment by attempting to minimize the detrimental
impact, this exchange has on the environment. This
second point is very important for human consumption by
its very nature is destructive to the natural environment.
To be more accurate products making green claims
should state they are less environmentally harmful
Research gap
green marketing has been the latest trend in marketing
and it has been a hot topic for research. There has been
increasing importance for green marketing and firms
being green. However, is that a success formula? Some
marketing
of
ITC
Literature Review
GREEN MARKETING OPPORTUNITIES &
CHALLENGES
(Miss. P.PIRAKATHEESWARI,L
ecturer )
green marketing is a golden goose. As per Mr. J. Polonsky,
green marketing can be defined as, "All activities
designed to generate and facilitate any exchange
intended to satisfy human needs or wants such that
satisfying of these needs and wants occur with minimal
detrimental input on the national environment."
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 it or produced and/or packaged in an
environmentally friendly way.
The obvious assumption of green marketing is that
potential consumers will view a product or service's
"greenness" as a benefit and base their buying decision
accordingly. The not-so-obvious assumption of green
marketing is that consumers will be willing to pay more
for green products than they would for a less-green
comparable alternative product - an assumption that, in
my opinion, has not been proven conclusively.
While green marketing is growing greatly as increasing
numbers of consumers are willing to back their
environmental consciousnesses with their dollars, it can
Green Marketing-is
Marketing.
Not
Just
Catchphrase:
It
is
(Dr. Nisha
Agarwal)
green marketing is a trendy way of gaining more
business. It can make you a lot of money if done right.
ButThis Brings to question the very nature of green
marketing and going green all together. The goal is to be
environmentally safe and beneficial to both consumers
and producers of green products and services. Green
Marketing success involves ensuring that the marketing
mix and the company also meet four S criteria I.e
Satisfaction of customers needs ,Safety of products
,Social acceptability of the product ,Sustainability of the
product .Consumers are unlikely to compromise on
product attributes such as convenience, availability,
price, quality and performance to buy green products.
TOP
GREEN
INDIAN
COMPANY:LIMITED(CLASSMATE NOTEBOOKS)
ITC
CONCLUSION:
The number of Indian companies is setting the trend
with green marketing initiatives and sustainability into
their business practices. In India, around 25% of the
consumers prefer environmental friendly products. Most
of the companies are venturing into green marketing
because of opportunity, social responsibility, Govt.
Pressure, competitive edge and cost reduction. Marketers
also have the responsibility to make the consumers
understand the need for and benefits of green marketing.
Consumers are willing to pay more to maintain a cleaner
and greener environment. Green marketing is still in its
infancy and a lot of research is to be done on green
marketing to fully explore.
REFERENCES:
1.
2.
3.
4.
5.
www.google.com
www.wikipedia.com
Environment management by N.K. Uberoi
Environment management by Krishnamoorthy
www.investopedia.com