1 / 33

The Importance of Green Marketing

The Importance of Green Marketing. Green Marketing as part of Relationship Marketing U.Scholz. Green Marketing. Can you name a green brand in five seconds?. Green Marketing. Introduction Definition and history of Green Marketing Green Marketing and Relationship Marketing Example.

Download Presentation

The Importance of Green Marketing

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.


Presentation Transcript

  1. The Importance of Green Marketing Green Marketing as part of Relationship Marketing U.Scholz

  2. Green Marketing Can you name a green brand in five seconds?

  3. Green Marketing • Introduction • Definition and history of Green Marketing • Green Marketing and Relationship Marketing • Example

  4. Green Marketing - Introduction What does Green-Marketing mean to your business ? SALES / REVENUE/cost benefits

  5. Green Marketing-Definitions Definition: There is more than one definition of green marketing: “the holistic management for identifying, anticipating and satisfying the requirements of customers and society, in a profitable and sustainable way” (Peattie 1995, p. 28)

  6. Green Marketing-make your own decision No 0 % Yes 100%

  7. Green Marketing-Definitions • Environmental sustainability involves developing strategies that sustain the environment and produce profits for the company. It protect and preserve the environment (Armstrong and Kotler, 2007, pp. 509-510). • A green consumer someone who voluntarily engages in consumer practices that are regarded as environmentally friendly. Peattie (2001, p. 187-191) • green or environmentally friendly activities energy-efficient operations, better pollution controls and recycled materials (Armstrong and Kotler, 2007, p. 509). • Eco labels labels which identify overall environmental preference of a product or service within a specific product or service range.

  8. Examples ECO-Label Examples of eco-labels: http://www.blauer-engel.de http://ec.europa.eu/environment/ecolabel/index_en.htm http://en.wikipedia.org/wiki/Energy_Star

  9. Summary: Green Marketing • Corporate Social Responsibility corporate responsibility, corporate citizenship, responsible business and corporate social opportunity's a form of corporate self-regulate integrated into a business model. • Triple Bottom Line Accounting In practical terms, triple bottom line accounting means expanding the traditional reporting framework to take into account ecological and social performance • New Product Innovation Product/service innovation is the result of bringing to life a new way to solve the customer's problem • Company Ethos focused on our client and market needs

  10. Green Marketing Business Environment

  11. Green Marketing

  12. Green Marketing

  13. Green Marketing

  14. Green Marketing

  15. Green Marketing

  16. What is Greenwashing? • “Greenwash” is defined in the 10th edition of the Concise Oxford English Dictionary as the “Disinformation disseminated by an organization so as to present an environmentally responsible public image.” • “Greenwashing,” a term derived from the term “whitewashing,” was coined by enviromental activists to describe efforts by corporations to portray themselves as environmentally responsible in order to mask environmental wrongdoings.

  17. It is misleading! It attempts to trick us into believing that a company with an awful environmental track record actually has a good one. If one corporation gets away with greenwashing, then other corporations will follow, thereby creating an illusion of being environmentally friendly. What’s wrong with Greenwashing?

  18. Who is Greenwashing? A closer look at who is “greenwashing,” and how they are successfully marketing false advertisements.

  19. Kraft’s Post Selects Cereals • Kraft’s Post Select cereals have falsely promoted its cereals as having “natural ingredients” when in fact the corn used in the cereal is genetically engineered!

  20. General Motors • General Motors has falsely promoted its cars as environmentally friendly, with ads that have their SUV’s in natural habitats as if they were as natural as the surrounding trees. Ford, for example, has launched the new Escape Hybrid. What they fail to tell the public is they only produce 20,000 of these cars a year, while continuing to produce almost 80,000 F-series trucks per month!

  21. Why Greenwash? • With the rising concerns of global warming, people are becoming more and more aware of the dangers that will arise if they don’t take the needs of mother earth into consideration. People are looking for environmentally friendly products that are good for the environment and their personal health. Corporations turn to greenwashing to make themselves look more environmentally friendly so that they can keep their customers coming back. If corporations were up front with their environmental wrongdoings, customers would most likely take their business elsewhere.

  22. In Conclusion Greenwashing has become a very popular way for corporations to get ahead of their competitors. It is a way for corporations to make themselves more marketable by hiding behind a mask and concealing their true colors. Not only has greenwashing fooled the general public, but it has made many corporations extremely prosperous. With the amount of competition out there, it doesn’t look like the end of greenwashing is anywhere near. Greenwashing has proven itself a workable solution for the many corporations using the technique, but at the same time, has stirred up a lot of discussion. Greenwashing will continue to be utilized by many corporations and the consumer will continue to buy. In a world where the fight to the top is a never ending battle, greenwashing will continue to be the tool of choice.

  23. Green Marketing http://www.youtube.com/watch?v=xj1TqhJLaQI

  24. Green Marketing and Relationship Marketing Relationship Marketing

  25. Green Marketing and Relationship Marketing Definition Relationship Marketing: • “the process of identifying and establishing, maintaining, enhancing, and when necessary terminating relationships with customers and other stakeholders, at a profit, so that the objectives of all parties involved are met, where there is done by a mutual giving and fulfillment of promises” (Grönroos p. 101, 2004).

  26. Green Marketing and Relationship Marketing Relationship Management and Relationship Marketing Relationship Management All external Relationships All internal Relationships Relationship Marketing Vertical and horizontal relationships Customer Relationship Management (CRM) Acquisition Retention Recovery

  27. Green Marketing and Relationship Marketing Domain and environment of relationship marketing Target Market Environment Infrastructure Social Norms Culture Benefits Product/ Service uniqueness Technology Cultural specificity Evaluating foreign markets Price Preferred style of distribution International experience Training know how

  28. Green Marketing and Relationship Marketing

  29. Green Marketing and Relationship Marketing http://www.youtube.com/watch?v=3nBFiasFQdM

  30. Green Marketing and Relationship Marketing Result: • Relationship Marketing and green marketing is the creation of confidence, trust and value for customers. • Customer relationship commitment, trust, confidence and loyalty as a result of satisfaction are as important in customer relationship marketing as in green marketing, • Trust and confidence are as important concepts in green marketing as in Customer Relationship Marketing.

  31. What is needed to realize Green Marketing? In summary….make it simple1. Build up truth relationship2. Understood by consumers 3. Engage your own people4. Give consumers what they want5. Innovate innovate innovate

  32. How Do We Do It? • Company values • Mission and aims • Marketing and transparency • Supply chain management • Has to be fed top down, bottom up. • The whole company has to buy in to the ethos

  33. Thank you very much for your attention!

More Related