Green Marketing: A Tool For Sustainable Development: SSRN Electronic Journal June 2013
Green Marketing: A Tool For Sustainable Development: SSRN Electronic Journal June 2013
Green Marketing: A Tool For Sustainable Development: SSRN Electronic Journal June 2013
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ABSTRACT
Green revolutions, going green, environmental protection, sustainable life style, sustainable development, protecting our earth and many more have become a
natural phenomenon in our everyday life. Green marketing is a tool used by many companies in various industries to follow this trend. This concept has enabled
for the re-marketing and packaging of existing products which already adhere to such guidelines. Additionally, the development of green marketing has opened
the door of opportunity for companies to co brand their products into separate line, lauding the green-friendliness of some while ignoring that of others. This
paper mainly focuses on the concept, need, importance & strategy of green marketing in India. Researcher also examines the present scenario of green marketing
and reasons that organizations are adopting green marketing as a tool for sustainable development. Data has to be collected from multiple sources of evidence
to understand the importance of green and sustainability management, in addition to books, journals, websites, and news papers. The paper analyses whether
the manufacturers are cognizant about green products and eco-labeling, and also the difficulties in implementing green marketing. A guideline is given to the
Indian manufacturers for producing green marketing products.
KEYWORDS
Green marketing, Corporate Social Responsibility (CSR), sustainability, Environmentally Safe, Competitive Advantage, Recyclable, eco-friendly products.
1. INTRODUCTION
T oday’s consumers become more aware about to make their surroundings safer and healthier to live in. So they become more conscious about their
purchasing in respect with all the products that they are use in their day to day life. That is why they prefer that type of products that are eco-friendly
and not harmful for global environment any way. There are many industries who are now become more conscious about to be environmentally safe and
eco friendly with respect to their products and products utility (in case of technically sound products) and the reason for going to be green of the industries are,
by doing this they are helping to make the world more Greener and safer for future and up to some extent they are delivering their CSR (Corporate Social
Responsibility) by producing Green products for welfare of the environment and the for the customers as a whole.
Green 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 as modifying advertising. Yet defining green marketing is not a
simple task where several meanings intersect and contradict each other; example of this will be the existence of varying social, environmental and retail
definitions attached to this term. Other similar terms used are Environmental Marketing and Ecological Marketing. 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 term Green Marketing came into prominence in the late 1980s and early 1990s. The American Marketing
Association (AMA) held the first workshop on "Ecological Marketing" in 1975. Marketing involves: - Manufacturing and providing products to the consumers
which are of good quality and at the same time not harmful to them even in long run.
>Use the resources for development in such a manner which will enable the future generations to avail the resources to meet their needs leading to Sustainable
Development.
>Framing and implementing policies which will not have any detrimental effect on the environment i.e. at present as well in future. Thus "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.
The present paper deals that today’s consumer behavior on green Marketing and this paper highlights the need, importance of green marketing, some problems
with going green and also states what are the reasons that a marketer should consider for adopting green marketing for making changes in terms of product
packages, modifications and production changes. A guideline is also given to the Indian manufacturers for producing green marketing products.
4. RESEARCH METHODOLOGY
This study is based on secondary sources of information from various research publications, published newspapers, journals-online & printed, magazines, web
sites, books. The information is collected from libraries and websites. The literature is cross checked and validated to gives the latest information.
6. DISCUSSION
There is now a real sense that environmental protection is highly necessary. Everyone believes a green life is a better and healthier life for present and future
generation. Most consumers’ spending pattern shows that they have a desire for brands that ‘go green’. Consumers not only want to buy their products but are
willing to pay more for it. Based on research, 70 percent of some 2000 people in US, UK, Germany, the Netherlands, Australia and Japan are willing to pay a
premium for energy alternatives such as, wind and solar power. Consumers are motivated to buy from companies that are eco-friendly in the production. When
a company display’s the green logo on their product, it shows that their product or services stands out from the crowd and this gives them a competitive edge.
Consequently, most customer buying decisions are influenced by green product label like the US energy star logo, Green label in Thailand, Korea Eco label and
much more.
7. CONCLUSION
As the demand for green products undoubtedly exists, Green Marketing provides an opportunity to the companies to increase their market-share by introducing
eco-friendly products. Stricter environmental regulations across the world, growing consumer preference for eco-friendly companies, and the inherent cost
advantages in lowering toxic waste, are encouraging industries big and small to clean up. Researcher found that, consumers are not overly committed to
improving their environment and may be looking to lay too much responsibility on industry and government. Though it‘s the responsibility of the firm to produce
products, which are having minimum impact on the environment, but ultimately it‘s the consumer who is having responsibility to use eco-friendly products.
Consumers are not too much concerned about the environment but as they have become more sophisticated, they require clear information about how
choosing one product over another will benefit the environment. Consumer education results in their empowerment. Empowered consumers choose
environmentally preferable products when all other factors are equal.
Ultimately green marketing requires that consumers Think Green, Think clean, Think Eco-friendly i.e. they want a cleaner environment and are willing to "pay"
for it, possibly through higher priced goods, modified individual lifestyles, or even governmental intervention. Until this occurs it will be difficult for firms alone
to lead the green marketing revolution.
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