Green marketing involves promoting products and services based on their environmental benefits. It became prominent in the late 1980s as a way to minimize negative environmental impacts and satisfy consumer needs and wants. Green marketing aims to design, promote and sell products or services that satisfy human needs while preserving the environment. It is important because resources are limited but human wants are unlimited. Implementing green strategies like reducing waste and packaging can help firms appeal to environmentally conscious consumers while gaining a competitive advantage.
3. Definition
“ 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 “
Or
“The marketing of products that are presumed to be
environmentally safe”
4. History
The term Green Marketing came into
prominence in the late 1980s and early
1990s
"Ecological Marketing" in 1975
5. Power of Green Lies in Marketers’ Hands
Power to restore our environment
Power of green lies in the hands of marketers
Design and promote cleaner products
6. Why is Green Marketing Important?
Limited resources to satisfy world’s unlimited
wants
Looks at how marketing activities utilize these
limited resources, while satisfying consumers
wants, both of individuals and industry, as well
as achieving the selling organization's
objectives
8. …the other ‘P’
• People
• Process
• Physical Evidence
• Packaging
9. 4s of Green Marketing
• Safety of product
• Satisfaction of customer
• Social acceptability of a product
• Sustainability of the product
10. Need of Green
Marketing
On our planet sources are limited and human
needs (wants) unlimited
green marketing is important for the firms to
utilize the limited resources satisfying the
consumer needs as well as achieving the
organization’s selling objectives
11. Reasons why firms are adopting Green
Marketing
SOCIAL RESPONSIBILITY
LAWS
COMPETITION
COST REDUCTION
13. Problems with Green
Marketing
Ensure that your activities are not misleading to
consumers or industry
There is difficulty in establishing policies that will
address all environmental issues
The environmentally responsible action of today
might be harmful in the future
14. Problems with Green Marketing
Reacting to competitive pressures can cause all
to make the same mistake as the leader.
To reduce costs or increase profits may not
force firms to address the important issue of
environmental degradation
15. Suggested Solution
Environmentally responsible organizations
should attempt to minimize their waste
Organization policy
Employee Awareness Program
Effective Communication
Constantly Refine The Product & Processes
Back Up From Top level
16. Benefits
Improved environmental quality &
customer satisfaction
Consumer value positioning
Efficiency and cost effectiveness
Health and safety
Gaining and retaining customers
Innovation in products and operations
Staff Development
17.
18. Conclusion
Green marketing covers more than a firm's marketing
claims.
Firms have a great impact on the natural environment.
Consumers lay too much responsibility on industry and
government.
firms alone cannot lead the green marketing revolution.
consumers and industrial buyers have ability to pressure
organizations to integrate environmental factor.