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Green Marketing Strategies: An Examination of Stakeholders and the


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Article  in  Journal of the Academy of Marketing Science · February 2011


DOI: 10.1007/s11747-010-0227-0

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J. of the Acad. Mark. Sci.
DOI 10.1007/s11747-010-0227-0

Green marketing strategies: an examination of stakeholders


and the opportunities they present
J. Joseph Cronin, Jr & Jeffery S. Smith &
Mark R. Gleim & Edward Ramirez &
Jennifer Dawn Martinez

Received: 31 December 2009 / Accepted: 15 September 2010


# Academy of Marketing Science 2010

Abstract As green marketing strategies become increas- and human resources), and operations are examined as
ingly more important to firms adhering to a triple-bottom controllable functions within an organization from which
line performance evaluation, the present research seeks to strategies can be enacted to affect a firm’s stakeholders. The
better understand the role of “green” as a marketing prior research in these areas is examined to identify potential
strategy. Through an integration of the marketing, manage- research opportunities in marketing while also offering a
ment, and operations literatures, an investigative framework series of representative research questions that can help guide
is generated that identifies the various stakeholders poten- future research in marketing.
tially impacted through the environmentally friendly efforts
of a firm. Specifically, the inter-connected nature of the core Keywords Green marketing strategy . Environmental
business disciplines of marketing, management (both strategy strategy . Stakeholder analysis

This research was supported by the Institute for Energy Systems,


Economics and Sustainability (IESES) at The Florida State University. Introduction
J. J. Cronin, Jr (*) : J. S. Smith : M. R. Gleim
The College of Business, Department of Marketing, As firms note the positive gains that can accrue through
The Florida State University, environmentally friendly marketing strategies (e.g., Luo
Rovetta Business Annex Room 307, P.O. Box 3061110,
Tallahassee, FL 32306-1110, USA
and Bhattacharya 2006) and the potential pitfalls associated
e-mail: jcronin@cob.fsu.edu with non-environmentally friendly strategies, going green is
J. S. Smith
beginning to take center stage in boardrooms around the
e-mail: jssmith@cob.fsu.edu world. There is a growing interest among top managers,
M. R. Gleim
stakeholders and academics regarding green marketing
e-mail: mgleim@fsu.edu strategies and the potential impact on the triple-bottom
line. Firms are increasingly adhering to a triple-bottom line
E. Ramirez performance evaluation, a concept coined to reflect the
College of Business Administration,
Department of Marketing and Management,
growing tendency of stakeholders to evaluate organizational
The University of Texas at El Paso, performance on the basis of economic prosperity (i.e.,
Business Room 230, profits), environmental quality (i.e., the planet), and social
El Paso, TX 79968, USA justice (i.e., people)1 (Elkington 1997).
e-mail: eramirez29@utep.edu
The recent BP oil spill in the Gulf of Mexico typifies the
J. D. Martinez impact that an environmental disaster can have on a firm’s
Fogelman College of Business & Economics, triple-bottom line. Not only has BP’s stock price plum-
Department of Marketing & Supply Chain Management, meted and credit rating been lowered (Guitierrez 2010), but
The University of Memphis,
FAB 302,
1
Memphis, TN 38152, USA For the remainder of the paper, we use the triple-bottom line and
e-mail: jmartine@memphis.edu people/profit/planet (or 3P) concepts interchangeably.
J. of the Acad. Mark. Sci.

consumer boycotts continue to spread while the environ- environmentally friendly products (Saad 2006). While the
mental damage to the Gulf continues to devastate. Further, vast majority of consumers claim to be green, green
the recent miscues by BP have led to even greater scrutiny products account for less than four percent of the global
by governmental and other non-governmental organizations product market share (UNEP 2005). This alone suggests the
(NGOs) as a consequence of the lack of environmental need for marketing research to address the massive
strategies. disconnect between attitudes toward green products and
This example provides glaring evidence of the growing businesses and actual purchase behaviors. Early research on
importance of going green as a viable organizational strategy marketing orientation noted the important role marketing
with specific implications for marketing as well. Specifically, can play in developing the inter-functional coordination
firms are expected to commit to green marketing strategies as needed to meet the wants and needs exhibited in markets
(1) the cost of materials and energy continue to rise, (2) public (Hurley and Hult 1998; Jaworski and Kohli 1993; Slater
pressure continues to increase, (3) there is increasing and Narver 2000). As the key link between organizations
awareness that subscribing to triple-bottom line practices can and markets, marketers represent the lynchpin in moving
increase consumer demand, and (4) consumers’ growing firms toward a true triple-bottom line orientation.
antipathy to globalization is leading to strengthening NGO Thus, the purpose of the current research is to review
activity relative to green performance (Kleindorfer et al. and integrate the literature surrounding green initiatives in
2005). In addition, while the costs of such efforts can be various business disciplines and offer a series of guiding
substantial, improved environmental performance has been research opportunities to advance the marketing discipline.
linked to greater financial performance, competitiveness, and Given that green research in other academic disciplines
innovation benefits (Kassinis and Vafeas 2006; King and exceeds the attention given to green strategies in the
Lenox 2002; Klassen and Whybark 1999; Majumdar and marketing literature, the central topical areas from the core
Marcus 2001). business disciplines (i.e., management, operations, and
As a result, organizations worldwide are recognizing the marketing) are identified and utilized as a foundation from
appeal of environmentally friendly products and strategies. which a series of research opportunities are generated. To
Organizations are increasingly focused on developing accomplish this goal, we generate an overarching frame-
internal and external strategies that are green. Specifically, work (see Fig. 1) that is based on stakeholder theory in
it is suggested that efforts will be made internally to recover terms of the 3P concept as the basis for the literature
pollution causing outputs, to develop substitutes for non- investigation. More concretely, we denote how the research
renewable inputs, and to redesign products to reduce material opportunities can be used in the generation of specific
content and energy consumption. Similarly, external strategies research questions that can act as a springboard for future
will likely focus on developing core competences in products, marketing research on green marketing strategies. In other
processes, and other supply chain activities that emphasize words, we offer a tangible guide as to how to recognize the
long-term sustainability throughout the entire supply chain gaps in the current literature while providing opportunities
(Kleindorfer et al. 2005). for future studies. We believe that this article can serve as
Given the prominence the green movement has risen encouragement for marketing scholars to undertake research
to in recent years, it is surprising the marketing literature that evaluates how best to satisfy market needs and wants for
has paid relatively scant attention to the efficacy of green products.
green marketing strategies (see Baker and Sinkula 2005;
de Ruyter et al. 2009; Drumwright 1994; Grinstein and
Nisan 2009; Menon and Menon 1997 for notable Conceptual framework and methodology
exceptions). Defined as “doing business while avoiding
harm to people and the planet” (Center for Sustainable As noted above, the goal of this article is to advance the
Enterprise 2010), and identified as an actionable response marketing discipline in investigations addressing the con-
to calls for organizations to focus on their “triple-bottom cept of green marketing strategies. To guide our investiga-
line performance” (i.e., measuring performance based on tion, we generated an overarching model (see Fig. 1)
the effects of strategies on people, the planet, and profits), whereby research in the core business disciplines (i.e.,
green is clearly an area of increased concern for organizations marketing, management, and operations) is reviewed in
worldwide. Unfortunately, marketing research that evaluates order to identify the main themes that emerge. The themes
such strategic initiatives is lacking in comparison to other are then integrated in order to determine what is known
disciplines. about each topic. We then employ a stakeholder analysis to
The need for additional green research is not limited to determine how marketing research can address the gaps in
purely theoretical concerns as today more than 75% of the literature (i.e., what research opportunities exist) in
consumers routinely report that they are green, or prefer terms of the 3P perspective. More specifically, we denote
J. of the Acad. Mark. Sci.

Fig. 1 Conceptual investigation


framework
Government
and NGOs
External
Stakeholders
Human
Resources

Society Internal
Functions Competitors

Strategy

Investors
Consumers Marketing Operations
Management

Supply Chain
Partners

how the marketing discipline can reach the relevant stake- Preston 1995), it has become commonly accepted that
holders to increase emphasis on green-related issues. In the organizations need to be aware of the totality of their
following sub-sections, we offer a brief overview of decisions.
stakeholder theory and the 3P concept followed by a The core tenet of stakeholder theory is to think beyond
description of how we employed our framework as a tool to just financial performance. It can be seen that this meshes
identify the research opportunities. We also outline the neatly with the 3P (or triple-bottom line) paradigm of doing
process we employed to identify the relevant studies that business while avoiding harm to people and the planet
have been conducted on green concepts as they pertain to (Center for Sustainable Enterprise 2010) as both propose
the business community. considering the range of potential ramifications of environ-
mentally related decisions. It is through the overlap of the
Stakeholder theory and the 3P perspective 3P concept with stakeholder theory that the groups that
could be affected by green strategies are identified. The
An overarching tenet has emerged that the organization core stakeholders that are considered within this study are
should conduct business beyond the base consideration of consumers, competitors, government and NGOs, investors,
only making a profit. In essence, the mindset has shifted supply chain partners, employees, and society as a whole
from doing whatever it takes to make money to a more (Donaldson and Preston 1995). These stakeholder groups
balanced approach whereby firms consider the multitude of are included as research suggests that the characteristics of
possible effects a specific decision may have. This specific groups impact their ability to influence organiza-
multifaceted perspective has been mainly addressed in tional strategies, of which green is one (e.g., ability to
terms of making decisions while addressing the needs of generate political support, access to unique resources,
divergent groups of relevant stakeholders (Freeman 1984). expertise, and personal preferences or value) (Kassinis
The concept is broadly entitled stakeholder theory and and Vafeas 2006).
suggests that a firm should pursue strategies that consider From the marketing perspective, previous research has
the parties affected by decisions while trying to minimize not been effective at reaching these specific stakeholder
damage or maximize benefits to the representative groups groups. The dearth of research originating in marketing has
(Freeman 1984). While there has been debate over the focused mainly on the end consumer (e.g., Luchs et al.
specifics of the theory (see Brummer 1991; Donaldson and 2010). In contrast, other fields have begun to utilize aspects
J. of the Acad. Mark. Sci.

of the 3P-stakeholder overlap to guide investigations. For procedure is explained below) with the goal of determining
example, the operations literature has focused on sustain- the main topics that have been studied. These core topics
ability across supply chain relationships that range from were then integrated in order to gain a full understanding of
back-end purchasing (Carter and Carter 1998) through what is known about green related areas. Once established,
front-end distribution (van Woensel et al. 2001) and we then considered each topical area in terms of how
concluding with the retrieval and re-use of post consumer marketing could use what is already known to more fully
components (Guide 2000). Operations has even explored address the research needs of each stakeholder group.
the internal aspects of employees (Gattiker and Carter Every core topic was considered in terms of how
2010), managers (Klassen 2001; Pagell and Gobeli 2009), marketing could serve as the coordinating unit that links
and systems (Melnyk et al. 2003) while also investigating the specific organizational strategies to each stakeholder.
the performance impacts of reducing waste (King and For example (the complete explanation is included in the
Lenox 2001; Rothenberg et al. 2001). In conjunction, the results section), one area that was identified was environ-
management discipline has addressed the larger-scale mental certification (mainly noted in terms of ISO 14000).
impacts of pursuing a green strategy. In particular, the It was determined that most studies on the topic originated
potential impact of environmental technologies as a in the operations literature, where the crux of what is
competitive force (Shrivastava 1995a), the linkages known mainly addresses why firms choose to pursue
between environmental strategy and stakeholder manage- certification and what operational benefits accrue. In
ment (Buysse and Verbeke 2003), and the impact of a accordance with the framework, there appears to be a
firm’s competitive environment on the development of a significant gap in the understanding of what certification
business-natural environment interface (Aragón-Correa means to an organization relative to the majority of
and Sharma 2003) have been addressed. Since marketing stakeholders. We see that there is an opportunity to explore
is currently lagging behind these other disciplines, it is the potential marketing implications in that there is
imperative that marketers investigate how the different potential to use certification as a branding or promotional
stakeholder groups can potentially affect and/or influence strategy for the general consumer base or for potential
a firm’s green strategies. supply chain partners in a B2B setting. There is also the
potential to use certification as a signal to investors or
Framework utilization society as a whole that the organization is taking a pro-
environmental stance from which the image of the firm
As research outside the realm of marketing, particularly could be enhanced. It is with this logic that each topic was
management and operations, has focused greater attention investigated so as to denote the research opportunities
on green strategies, it is our intent to use these studies, highlighted below.
along with those in marketing, to help stimulate future work
on the topic. In order to do so, we produced the Article identification
investigative model (Fig. 1) to guide the generation of the
set of research opportunities from which research questions To identify important issues surrounding sustainable busi-
can potentially flow. The model identifies both internal and ness practices, a large-scale integrative literature review
external components in order to identify the relevant was conducted. First, to gather data for this review, a
business literature while considering all the affected stake- rigorous keyword search of the literature using ABI/Inform
holders (Banerjee 2002; Bohlen et al. 1993). The internal Global using Proquest® Smart Search was undertaken. The
portion of the model demonstrates the inter-connected keywords “sustainability,” “green,” and “environmental”
nature of the core business disciplines of marketing, were initially used to generate more than 500 articles for
management (both strategy and human resources), and review. To ensure the validity of our review, we also
operations. This portion of the diagram is intended to searched the top-tier journals in the core business disci-
denote the facets that an organization can directly control plines for any article that addressed a green concept. As our
and is the origin of the vast majority of the academic search procedure resulted in some un-related articles (i.e.,
literature on green strategies within the firm. In contrast, the those dealing with topics such as a “sustainable competitive
external section highlights all the relevant stakeholders that advantage” or the “environment” in a traditional business
could be affected by the decisions an organization makes in sense), we trimmed the dataset to only the truly green
regard to green issues. investigations resulting in a total of 311 articles, spanning
After the model was developed, the goal was then to 105 unique journals, being used for the final integrative
utilize it as a tool in the generation of the specific research review. Each article was examined by at least two
opportunities. In order to do so, we reviewed the literature researchers with knowledge of the subject matter, and only
across the business disciplines (the article identification the articles that were approved by both judges were
J. of the Acad. Mark. Sci.

accepted. If an agreement could not be reached, the article however, if superior profits are not present as well, it is
was discussed between the judges and a third member was likely firms will choose to not engage in such a strategy.
asked to judge the article as well. Thus, a vast amount of research in management has focused
In the second stage, two researchers grouped the articles on the impact socially responsible initiatives (which
according to multiple criteria, including the main subject encompass green concepts) can have on financial perfor-
matter, methodological approach, and business sub- mance, with conflicting views resulting. The first view
discipline. With regard to the subject matter, the integration contends that organizations that employ socially responsi-
used our framework of relevant stakeholders considering ble initiatives incur additional costs and are therefore at a
people, the planet, and firm profits in identifying important financial disadvantage (Aupperle et al. 1985; Ullmann
themes across each business discipline. More specifically, 1985; Vance 1975). The opposing view asserts that the
the articles were grouped into three broad thematic costs of implementation are minimal and the benefit of
categories (green performance, green strategy, and the improved employee morale and productivity offsets any
green consumer) followed by the classifying into relevant additional costs that an organization may incur (Moskowitz
sub-categories. For example, it was determined that inside 1972; Parket and Eilbirt 1975). Given the varying perspec-
the green strategy section, the topical areas of green tives regarding the potential impact of social responsibility
innovation, green alliances, and internal greening of the on financial performance, it is not surprising a plethora of
organization emerged. Further sub-classifications were studies on the topic exist.
generated inside each of these categories in order to more Research examining social responsibility and financial
fully recognize the themes in the environmentally-oriented performance has yielded mixed results. Both short-term and
literature. This classification scheme was then used as the long-term financial results suggest a negative relationship
basis for the generation of the presented research opportu- (McGuire et al. 1988; Wright and Ferris 1997), a positive
nities to guide marketing research in the future. relationship (Russo and Fouts 1997; Waddock and Graves
Beyond the article classification scheme, it should be 1997), a selective relationship (Jacobs et al. 2010) or no
noted that any disagreements in the classification process relationship (Aupperle et al. 1985; Teoh et al. 1999). Thus,
were resolved by a third member of the research team. The early work by Narver (1971) suggests that such efforts may
inter-rater reliability for the classifications exceeded the not be a strategy for increased short-run profits for
recommended 0.70 level (Perreault and Leigh 1989). With organizations, but rather a strategy that firms may utilize
a data set of this size, the analysis paralleled a grounded to maximize the long-term welfare of the firm. Manage-
theory approach whereby we sought a saturation approach ment must adapt to the demands of social pressure and
to indicate when the core set of themes had emerged regulation to maximize the present market value of the firm
(Strauss and Corbin 1998). by instilling confidence in stakeholders that the organiza-
tion will not encounter sanctions down the road.
Similarly, more recent research provides an indication
Research opportunities for marketing that socially responsible initiatives may not increase
revenues for the firm, but rather decrease risk for an
This section provides the result of the literature integration organization (McGuire et al. 1988). Potential risks, such as
from which the main research topics were generated. lawsuits, are expected to decrease due to the socially
Accordingly, a series of research opportunities are pre- responsible initiatives of the firm. Further, research sug-
sented which denote specific areas that are ripe for gests that the impact of socially responsible initiatives on
investigation from the marketing perspective. As the link stock price are directly associated with any positive or
to the stakeholders of an organization, the marketing negative effects of the initiatives (Alexander and Buchholz
function is a key component in communicating green 1978). The findings suggest that the stock market is
efforts. Therefore, it is imperative that marketers be efficient, thus any positive or negative effects of socially
knowledgeable of these topics while being able to effec- responsible initiatives will be immediately reflected in the
tively reach the intended stakeholder. price of the stock. The recent oil spill by BP sheds light on
the potentially devastating impact that the lack of green
Green performance strategies can have on the short- and long-term performance
of the firm, as BP’s stock price and credit rating have
Encouraging firms to utilize “green” as a marketing strategy plummeted (Guitierrez 2010).
would be a difficult task for practitioners and academics if More recent findings related to social responsibility and
financial incentives of going green were lacking. When firm performance suggest that the link may be more
examining the triple-bottom line, the benefit to people and complicated than originally expected. Hillman and Keim
the planet is evident through green marketing strategies; (2001) suggest that building better relationships with
J. of the Acad. Mark. Sci.

primary stakeholders (e.g., employees, customers, sup- Green strategies


pliers) leads to superior firm performance. However,
investing in socially responsible initiatives that do not When attempting to achieve the goals of an organization,
directly impact the primary stakeholders will likely not there are various avenues by which firms can pursue green
create additional value for the firm (Hillman and Keim strategies in order to address the needs of the various
2001). Similarly, research suggests that socially responsi- stakeholder groups. Three main types of green strategies are
ble actions and firm performance are negatively related; gleaned from the literature: (1) green innovation, (2)
however, the causal relationship is unknown (Bansal greening the organization, and (3) green alliances. These
2005). It is not clear if social responsibility leads to poor three strategies, and related categories within each strategy,
firm performance or if poorly performing firms are less are detailed below. The first commonly utilized strategy is
likely to engage in socially responsible behaviors. Simi- the development of new or innovative green products. It is
larly, the impact of firm financial performance has been believed that the development of new products or services
shown to impact perceptions of social responsibility as sends a positive signal to each stakeholder that the
financially superior firms may appear to be more socially organization is, indeed, a green company. Another potential
responsible than their economically-depressed counter- strategy is to focus on environmental aspects within the
parts (Brown and Perry 1994). firm itself. In this case, the initiatives are more focused on
Recent research in marketing suggests that organizations greening the processes associated with the production of a
engaging in green practices may be able to benefit in good or the delivery of a service. Beyond producing new,
multiple ways. First, firms that have a green orientation are green products or greening the organization’s processes, a
likely to achieve greater financial gains and market share company can also choose to utilize an alliance or
(Menguc and Ozanne 2005), high levels of employee partnership to enhance the green orientation, which is
commitment (Maignan and Ferrell 2001), increased firm another way to send a signal that the company is going
performance (Pujari et al. 2003), and increased capabilities green. As these are three main strategic directions with
(Baker and Sinkula 2005). Further, results suggest that specific sub-components, we use them as the overarching
socially responsible actions lead to increased customer categories under which the more detailed topical areas are
satisfaction and greater firm value (Luo and Bhattacharya contained. However, the large-scale effectiveness of any of
2006) and can reduce undesirable firm-idiosyncratic risk, these strategies has yet to be addressed either as a stand-alone
which can lead to greater firm valuations (Luo and option or in specific bundles. Therefore, research is needed to
Bhattacharya Luo and Bhattacharya 2006). While benefits assess which of these strategies is most effective in terms of
are noted, Mathur and Mathur (2000) find that green affecting the orientation of a company as a green firm. Thus,
promotional efforts by firms yield negative stock returns. the following research opportunity is offered:
Organizations may also benefit from green practices
RO2: Investigate the relative effectiveness of various
through cost savings. As pollution is a sign of waste, firms
green marketing strategies.
that curb pollution and reduce inputs that may lead to waste
should see cost saving advantages (Lash and Wellington
2007; Porter and van der Linde 1995). Improved energy Green innovation
efficiency and waste reduction can enable green firms to
quickly recover the financial outlay needed to fund green Developing environmentally friendly goods and services is
initiatives. Through gains in energy efficiency and waste critical to the success of firms that are attempting to create
reduction, firms can quickly recover the financial outlay innovative products to meet the needs of the ever-
needed to fund green initiatives. For example, DuPont spent increasing environmentally conscious consumer. As recent
$50 million in 2008 on energy saving initiatives and was polls suggest that 77% of Americans are concerned about
able to recover the financial outlay after only 12 months, the environment (Saad 2006), it is not surprising that firms
thus creating future cost saving advantages for the firm are introducing green products at a tremendous rate with
(Winston 2009). Thus, given the results of green directed over 1,500 new products in 2009 (Makower 2009). While
initiatives on firm performance, it is evident that green environmental standards can trigger product innovation
strategies can be a benefit to firms. However, a more (Porter 1991), firms that utilize green as an innovative
thorough understanding of the effect green marketing strategy are likely to develop effective ways to reduce
strategies can have on firm performance is needed. waste, create new packaging and production processes, and
Therefore, the following research opportunity is identified. develop better ways to deliver goods and services to
consumers (Coddington 1993; Mirvis 1994).
RO1: Investigate the link between green marketing A concept that has been put forward to help firms better
strategies and firm performance. capitalize on green is the enviropreneurial marketing
J. of the Acad. Mark. Sci.

strategy (Menon and Menon 1997; Varadarajan 1992). fully integrate green initiatives across all aspects of the
Enviropreneurial marketing is an entrepreneurial and envi- business. However, this transition typically does not simply
ronmentally friendly strategy that organizations can utilize to occur. Instead, there is an individual or group of individuals
satisfy economic and social objectives (Varadarajan 1992). that drive program implementation. These individuals are
Enviropreneurial marketing is based on the idea that green is known as green champions. Past research suggests that
a market opportunity rather than an obstacle that firms must members within an organization play a critical role in the
merely overcome to operate in the marketplace (Coddington green efforts and success of the firm. In fact, Drumwright
1993; Hunt and Auster 1990). As such, enviropreneurial (1994) suggests that the policy entrepreneur (i.e., a green
activities are proactive; that is, organizations are actively champion) within the firm plays a critical role in instituting
trying to stay ahead of the competition and accept the risk organizational policies. Thus, policy entrepreneurs that are
associated with being a market pioneer. Such a strategy concerned with the state of the planet are likely to engage in
likely generates innovative and technological advances that behaviors that promote green strategies within the organi-
allow firms to capitalize on both the entrepreneurial and zation. However, it is quite common that the person or group
environmentally-friendly strategies rather than merely meet- leading the green initiative lacks the authority required to
ing legal or regulatory standards (Shrivastava 1995b). implement new environmental policy (Carter and Jennings
The development of green products, whether in the 2004; Drumwright 1994). Unlike top management, often
context of human resources, operations, or marketing, policy entrepreneurs lack the positional power to mandate
requires new ideas while dealing with added constraints of strategic change related to the green efforts of the firm.
environmental and consumer pressures. Green innovation Further, as new environmental policy often requires change
strategies are needed in order to satisfy the expectations of to business practices and reward systems, it is often met with
the wide range of stakeholders that have ambiguous, and resistance from other functional areas within a firm (Carter
sometimes conflicting, demands (Hall and Vredenburg and Dresner 2001; Carter et al. 2007).
2005). All stakeholders stand to benefit from successful Thus, while research suggests managers with high levels
innovation. Whereas other literatures investigate the roles of managerial responsibility demonstrating responsibility
played by various stakeholders in green innovation for environmental matters are the most effective in
(Shrivastava 1995b), the marketing literature fails to improving buy-in from others involved in the process
consider whether the development of green products or (Aragón-Correa et al. 2004; Drumwright 1994; Ramus and
services is considered innovative by any organizational Steger 2000), achieving such commitment from manage-
stakeholders (e.g., directors, investors, managers, or ment is not always guaranteed. Unless management
employees), let alone by consumers. As the roles played recognizes the importance of environmental issues to
by various stakeholders in the development, evaluation, and stakeholders, and the benefits offered from such a strategy,
implementation of innovative green products and strategies it is likely that they will not champion new environmental
can dramatically impact the frequency and success of green initiatives (Hunt and Auster 1990; Klassen 2001; Lawrence
product innovation, the following research opportunity is and Morell 1995). Thus, while it may be preferred for
identified. organizations to utilize the pressure of top management to
encourage organizational buy-in, it may not be the case if
RO3: Understand the developmental process, and associated
there is no one within the organization with the rank
performance (or outcomes), surrounding the genera-
required to champion the initiative. Accordingly, research
tion of new green products.
suggests that acquiring buy-in from others within the
organization is critical to the success of new environmental
Greening of the organization policy (Carter and Jennings 2004; Drumwright 1994;
Handfield et al. 1997; Willard 2008). Therefore, firms
Admittedly, the ability of an organization to move toward a may be well served in identifying the most logical
more green orientation is a difficult task that can traverse a champion prior to pursuing a green transformation. As
multitude of paths. For the sake of this review, we used the research is scant regarding the methods of increasing
main points from our literature integration while grouping organizational buy-in towards new environmental policy,
them into three general sub-categories; green champions, research opportunities exist.
green processes, and supply chain management. Each of
these is described below with the relevant research RO4: Investigate the role of green champions in the initiation,
opportunities noted. enactment, and evaluation of new green strategies.

Green champions The potential for an organization to truly Green processes Another aspect of moving the organiza-
be green requires that the company accept the mantra and tion toward a green orientation is associated with the
J. of the Acad. Mark. Sci.

processes and practices utilized within the firm (Kassinis pollution reduction into its component parts to identify the
and Soteriou 2003; Montabon et al. 2007). Along this line, link between waste reduction strategies and positive
there are two main topics that have been extensively financial results. Accordingly, marketing scholars can
covered in the literature. Namely, past research has focused create value for organizations if research is undertaken to
on the manner in which waste (when viewed as non-green answer similar questions. Specifically, research that exam-
activities) can be reduced to achieve improved environ- ines how consumers view waste reduction or whether
mental performance. The other main area in the process organizations can create loyalty through the utilization of
literature addresses environmental management systems green processes and practices are potential avenues of
(EMS) with a specific emphasis on the certification of research.
these systems. The specifics of these two process-related
RO5: Evaluate the effectiveness of waste reduction
themes are discussed below.
initiatives on the perceptions of stakeholders.
Waste Reduction. As the problems associated with the
disposal of waste become more visible and widespread, the System Certification. The second major theme associated
reduction of waste grows in importance for academics and with business processes is the manner in which the entire
practitioners. Accordingly, the need to reduce operational system is managed. Research has shown that firms with
by-products is a common point of interest. The predomi- formalized environmental management systems (EMS)
nant viewpoint in waste reduction stems from the belief that achieve significantly higher performance when compared
an organization can view environmentally unfriendly to informal systems (Melnyk et al. 2003). The overarching
practices as a form of waste from which lean systems thinking belief is that providing formal guidelines for the EMS
can guide process improvement (Pil and Rothenberg 2003; provides tangible accountability for the people and pro-
Rothenberg et al. 2001). The “lean is green” concept has also cesses involved. Beyond simple formalization, firms have
been viewed as being part of a total quality management the option to have their systems certified by third-parties to
system (Angell 2001; Isbell 1991). Prior research has add validity to the environmental efforts. The most
demonstrated that focusing on reducing waste through a lean commonly researched standardization is the International
systems approach has a positive effect on environmental Organization for Standardization’s ISO 14000 program
performance (King and Lenox 2001). Similarly, King and while other, less common standards (e.g., XL, 33/50) exist
Lenox (2002) note that managers underestimate the value of as well. In accordance, research has shown that firms with
waste reduction strategies, thereby presenting a gap between certified systems outperform those that simply have
actual strategies versus potential value-maximizing strategies. formalized ones (Melnyk et al. 2003).
Thus, managers typically do not enact organizational strate- Beyond the performance assessments of certified sys-
gies incorporating such concerns. However, improving tems, past studies have investigated the antecedents to
organizational processes that reduce waste, as opposed to adoption (Melnyk et al. 2003), the affect of certified
treating waste once produced, increases efficiency, thereby systems on practices (Sroufe 2003), the stakeholder sets
increasing demand from environmentally sensitive consumers that influence certification (Delmas 2001), the diffusion of
(Ashford and Heaton 1983; Porter and van der Linde 1995). certification (Vastag 2004), and even comparisons between
Essentially, the operations literature concludes that waste US and German EMS (Klassen and Angell 1998). It has
reducing processes are viewed as a more positive green even been shown that certification of an organization’s
strategy than simply recycling waste (Lapre et al. 2000). systems demonstrates that a company is acting socially
For example, hazardous waste disposal creates extreme responsible, thereby boosting a company’s image
environmental problems that, in turn, produce exorbitant (Chinander 2001). As a continuation of these findings, the
costs for organizations, the government, and often society operations literature suggests that the application of ISO
as a whole (Porter and van der Linde 1995). Green 14000 shows that positive indicators of systemic approaches
strategies that prevent damage to the environment and save to green business practices are effective in enhancing the
the time and money typically invested in the disposal, triple-bottom line of an organization (King and Lenox 2001;
storage, and clean up of waste are likely to be viewed with Klassen 2001; Melnyk et al. 2003).
great favor in boardrooms around the world. From a marketing standpoint, organizations should better
Similarly, the operations and supply chain literatures understand the impact of adopting such standards on
consider how integrating waste reduction into green stakeholders’ perceptions of the firm and whether certifica-
strategies can lead not only to pollution reduction and tion of green business practices creates value, differentia-
environmentally responsible behaviors, but also greater tion, and loyalty among customers and other stakeholders.
firm profitability (Hart 1995; Porter and van der Linde Examples might include the inclusion of certification in
1995; Reinhardt 1999; Russo and Fouts 1997). In the branding and promotion strategies. Organizations also need
operations literature, King and Lenox (2002) dissect to know what determines the effectiveness of certification
J. of the Acad. Mark. Sci.

programs and how certification impacts green perceptions 2002). Such decisions allow a firm not only to increase
of an organization and its products. This suggests the their own capabilities through the proxy of the suppliers
following research opportunity. and partners, but also to use the time and resources that are
typically invested in developing those capabilities in other
RO6: Examine the role of certification in shaping the
areas, including environmentally friendly product and/or
perceptions of stakeholders.
process innovation.
As established in the supply chain literature, a green
Supply chain management In addition to the greening of supply chain can create a potential advantage for an
internal processes, an organization needs to integrate green organization and, thus, bolster triple-bottom line perfor-
strategies into its entire span of supply chain activities. mance by delivering economic, social, and environmental
Research has shown that firms with wider arcs (i.e., those benefits (Norman and MacDonald 2004). Additionally,
that have stronger ties to trading partners in both upstream organizations are beginning to realize the importance of
and downstream directions) achieve superior performance social responsibility concepts in the supply chain, including
(Frohlich and Westbrook 2001). It stands to reason that this environmental management (Murphy and Poist 2002).
would be the same for environmental initiatives. This Adding to the rich foundation in the supply chain literature
concept was supported in past studies (Bowen et al. 2001; is the establishment of corporate social responsibility
Handfield et al. 1997) where it was found that successful categories that include the environment, diversity, human
firms are ones that fully integrate environmental strategies rights, philanthropy, and safety (Carter and Jennings 2004).
across all supply chain activities. In reviewing the green Others include additional categories such as labor practices
supply chain literature, it can be seen that the studies fall (Roberts 2003) and procurement (Razzaque and Hwee
broadly into two distinct groups: chain construction and 2002). The marketing literature is in desperate need of
closed-loop supply chain management. In this case, the research that addresses how these issues relate to and
former addresses the initial establishment of the supply impact stakeholders, and specifically triple-bottom line
chain while the latter addresses the concepts associated with performance when adopting a green strategy. To that end,
bringing materials back into the organization that have the following research opportunity is posed in order to
previously been used outside the walls of the firm. guide needed research as to the power of strategically
Chain Construction. The importance of partnerships in choosing supply chain partners from a marketing manage-
green strategies is a critical component for organizations as ment standpoint.
business transitions from a “firm versus firm” orientation to
RO7: Examine the impact of the construction of the
a “supply chain versus supply chain” perspective (Barratt
supply chain on perceptions of stakeholders.
2004; Bowersox et al. 2000). As noted, research demon-
strates that both upstream and downstream partners influ- Closed-Loop Supply Chains. Another theme identified
ence the adoption of green strategies (Bansal and Hunter involves the role of remanufacturing, remarketing, and
2003; Vachon and Klassen 2006). In a supply network closed-loop supply chains in the management of green
context, efforts to reduce, recycle, and reuse materials are strategies. Guide and Van Wassenhove (2001) identify a
noted as examples of such efforts (Carter and Carter 1998; framework in the operations and supply chain literatures
Hart et al. 2000). Additional work suggests that channel that provide managers with recommendations for maximiz-
partners assist in improving product quality, reducing costs, ing profitability while promoting reuse activities. While
and staying ahead of future regulations (Markley and Davis Guide and Van Wassenhove (2001) provide useful insights
2007; Shrivastava 1995b). The supply chain literature also and prescriptions for managers for how to manage the reuse
suggests that enacting a green approach to doing business, of materials through remanufacturing, remarketing, and
particularly within supply networks, benefits firms as a closed-loop supply chains (also see Blackburn et al. 2004;
source of competitive advantage (Shrivastava 1995b). As a Debo et al. 2001; Guide et al. 2003), questions as to how
result, partners, and potential partners, build positive best to communicate and implement return strategies
associations through joint efforts to “go green.” remain largely unaddressed in the marketing literature.
Because a firm’s resources and capabilities are finite, the A reverse supply chain addresses the manner in which a
supply chain literature suggests that it makes sense for product returns to the selling company, and the cycle is
companies to leverage suppliers and partners in order to suggested to end when the company recovers the product’s
take advantage of others’ knowledge and expertise (Lee and maximum possible value (Kleindorfer et al. 2005). The
Klassen 2008). Thus, firms should choose partners that cycle includes returns for reasons such as the end of a
possess valuable environmental management capabilities product’s life, recalls, customer returns, and the end of a
or, at a minimum, should work in conjunction with them to lease, just to name a few. Literature in supply chain
develop a synergistic approach to green (Handfield et al. management reveals the many challenges in this area that
J. of the Acad. Mark. Sci.

companies must address in order to realize the best possible support of an environmental cause) and synergies in
profit margin even when margins for returns are typically activities (i.e., what the firm is known for) (Ellen et al.
minimal. Forward and reverse supply chains create a 2006). Thus, it is important that firms attempting to form
cradle-to-cradle path for goods manufactured, sold, returned partnerships with other organizations, either profit or not-
and reused, as opposed to a one-way cradle-to-grave flow for-profit, consider the potential impact the partnerships
that works against going green (McDonough and Braungart may have on stakeholders perceptions.
2002). Supply chains must be carefully managed in order to In addition, the use of strategic alliances, something
(1) ensure maximum profit, (2) comply with regulatory rarely considered in a green context, could prove beneficial
requirements (e.g., waste reduction and disposal laws), and to firms for numerous reasons. While firms typically
(3) provide excellent customer service to consumers and engage in alliances for many reasons (see Gulati 1998 for
suppliers alike. review), the distinct benefits afforded organizations in
The focus on going green in the management of supply terms of sustainability are numerous. The Star Alliance, an
chains has resulted in the identification of several areas of alliance between 28 member airlines, is an example of the
research that should be of interest to marketers. Remanu- impact an alliance can have on a firm. While the goal of
facturing is one such area. The increasing cost of raw member airlines in the Star Alliance is to share resources and
materials and energy is leading firms to consider how minimize the resource allocation of each airline, they are in
products might be designed (e.g., recycled or reused) or essence acting green. If the alliance was not formed, and each
distributed (e.g., modular construction) so as to maximize airline had to act as a separate entity, the amount of waste
value to the firm. That is, contemporary operations and would be vast. While going green may not be the end goal of
supply chain thought suggests that forward and reverse the alliance, it is creating a more environmentally friendly
supply chains should form a closed loop and be coordinated system. The alliance is benefiting member airlines in
to maximize profits. This can mean new markets are numerous ways, though they may not be capitalizing on the
opened for firms to sell used equipment, production by- benefits that may be offered for various stakeholders. The
products, and even spent resources that might be inciner- alliance between the member airlines creates a win-win
ated to produce energy. Remarketing is a related and similar situation; however, other marketing opportunities surrounding
strategy. Marketing scholars can assist in achieving the the potential benefits of green alliances still exist.
green goals of the firm by identifying market opportunities While strategic alliances continue to proliferate the
and marketing strategies that connect consumers with business landscape, social alliances have yet to receive
remanufactured and remarketed products. To encourage similar attention. A social alliance is described as a
researchers to address these gaps in the marketing literature, partnership between an organization and a non-profit that
the following opportunity is identified for marketing is more than merely cause-related marketing, but rather a
scholars. mutually beneficial, long-term partnership for both firms
(Berger et al. 2006). Social alliances are long-term invest-
RO8: Investigate the impact of closed-loop supply-chain
ments related to growing or transforming a business (Berger
strategies on stakeholders’ perceptions of the firm.
et al. 2006) and represent a tremendous opportunity for
firms seeking to increase their green efforts. As such,
Green alliances alliances can lead to enhanced firm reputation, greater
customer loyalty, and increased purchase behavior (e.g.,
As increasing attention is given to environmental manage- Brown and Dacin 1997; Lichtenstein et al. 2004; Sen and
ment strategies, managers are including green initiatives as Bhattacharya 2001). The opportunity for firms to utilize a
a criterion when searching for partners (Kumar and social alliance for green strategies would likely yield
Malegeant 2006). Organizations attempting to increase similar results. Thus, the lack of research surrounding the
green efforts may find it beneficial to work with other various opportunities for partnerships and alliances repre-
firms through less formal partnerships or alliances. Re- sents a substantial gap in the literature.
search examining partnerships is common in cause-related
RO9: Investigate the role that green partnerships and
marketing (e.g., Ellen et al. 2006; Lichtenstein et al. 2004)
alliances have both internally and externally on the
and suggests that choosing the right partner is vitally
perceptions of stakeholders.
important to the success of both firms. Organizations that
are able to pair with a “high-fit” cause likely reduce the
suspicion of consumers as they are likely to perceive the The green consumer
relationship as a strategic business move and as values-
driven (Fein 1996). Fit may be defined as the perceived When examining consumers relative to the environment,
congruence of a firm’s socially responsible initiatives (e.g., marketing research thus far has primarily focused on
J. of the Acad. Mark. Sci.

Table 1 Summary of green marketing research opportunities and research questions

Research opportunity Representative research question(s) Representative research question(s)


concerning consumers concerning alternate stakeholders

RO1: Investigate the link between green Does incorporating a green marketing strategy Does the use of a green marketing strategy
marketing strategies and firm performance. capture greater market share? Greater share of increase market share relative to the
wallet from consumers? competition? Or can it be used as a
What role does government intervention regarding differentiating factor?
environmental regulation have on market share? How can a green marketing strategy bridge the
gap between operations within the firm and
governmental regulation?
What can organizations espouse to society to
minimize expectations regarding future
environmentally-friendly actions?
Which green marketing strategies are more
effective at maximizing stock returns?
Minimizing risk?
RO2: Investigate the relative effectiveness Can organizations use one of the three strategies Which of the three green strategies is most effective
of various green marketing strategies. to reshape consumer perceptions of the firm? at satisfying the government and NGOs?
Which individual strategy significantly impacts Which of the three strategies do investors
consumer perceptions? Or does it take perceive as less risky? Or most rewarding?
multiple strategies used simultaneously to Which strategy is likely to engender
impact consumers? Is there an ordering effect organizational (e.g., employee, management)
between the alterative strategies? commitment?
RO3: Understand the developmental process, Should consumers be involved in the development How can a firm leverage the unique capabilities
and associated performance (or outcomes), of green products? If so, at what stage? of its supply chain partners in the
surrounding the generation of new green How can firms market green products as development of green products?
products. innovative? Do consumers care if they are Does the development of green products differ
innovative? What aspects of green products from the developmental process of standard
should be stressed? What aspect of green products? If so, how?
products do consumers deem important? In the case of acquired green products, how is the
Are green products that are developed acquiring firm affected? The acquired firm?
internally perceived more positively than
externally acquired (i.e., products developed
by another company)?
RO4: Investigate the role of green champions Can a firm use its internal green champion as What position in the company do policy
in the initiation, enactment, and evaluation of the face of its green marketing campaign? If entrepreneurs or green champions tend to hold?
new green strategies. so, who should it be? If they do, how does In that position, do they tend to have the power
that affect consumer perceptions of the firm to mandate sustainability strategies?
(e.g., trust and credibility)? What are the most effective characteristics of
green champions (e.g., position, personality)?
What are the mechanisms used by successful
green champions to increase organizational
buy-in? Which are more effective?
RO5: Evaluate the effectiveness of waste Can firms utilize waste reduction strategies to Are firms that reduce waste rather than merely
reduction initiatives on the perceptions of increase consumer perceptions of the green recycle likely to be viewed more positively
stakeholders. orientation for the firm? by investors?
Do consumers recognize or reward waste Can waste reduction strategies used by firms
reduction strategies utilized by firms? What create greater levels of organizational
marketing campaigns can communicate commitment?
internal strategies to consumers? Are internally directed waste reduction
strategies more effective than off-the-shelf
strategies at staving off the competition?
Reducing mimicry?
Can an organization use waste reduction
strategies to enhance its public image?
RO6: Examine the role of certification in Can environmental certifications be used to Does meeting environmental certification
shaping the perceptions of stakeholders. shape the perceived green orientation of a requirements (e.g., ISO 14000) allow greater
firm? freedom from governmental regulation?
How can environmental certifications be Do environmentally certified firms require similar
implemented in promotional strategies? certifications from supply-chain partners?
J. of the Acad. Mark. Sci.

Table 1 (continued)

Research opportunity Representative research question(s) Representative research question(s)


concerning consumers concerning alternate stakeholders

How do consumers evaluate environmental Can an organization use environmental


certifications? Is one received better than certifications as a marketing tool in a B2B
others? setting? If so, how?
RO7: Examine the impact of the construction Can an organization leverage its supply-chain Can an organization leverage its supply-chain
of the supply chain on perceptions of relationships to enhance consumer percep- relationships to enhance investor perceptions
stakeholders. tions of a green orientation? of a firm?
Are firms held responsible for environmental Does the selection of supply-chain partners
mistakes made by their supply-chain partners? affect organizational (e.g., employees) per-
If a firm is held responsible, what actions do ceptions of a green orientation?
consumers take (e.g., boycott, negative word
of mouth)?
RO 8: Investigate the impact of closed-loop Can firms differentiate their products based on Does utilizing a closed-loop supply-chain
supply-chain strategies on stakeholders’ per- the fact that they utilize high-recycled con- strategy impact the perceptions of society?
ceptions of the firm. tent? Do customers perceive them positively? How do firms convince supply-chain partners
Does the perception of a green orientation to participate in these initiatives? Are there
change as a company uses more recycled mechanisms to facilitate participation?
products or engages in remanufacturing? Can
these be used in promotional strategies?
How can firms increase consumer participation
in recycling or remanufacturing efforts?
RO9: Investigate the role that green Does an alliance affect consumer perceptions of How do investors perceive financial costs or
partnerships and alliances have both firms involved? If so, is the effect equal? benefits of social alliances for firms?
internally and externally on the perceptions Do the environmentally friendly outputs gained How should firms select organizations for an
of stakeholders. from alliances lead to enhanced perceptions alliance or partnership? Once selected, how
of the firm or all of the firms in the alliance? should the performance be evaluated (e.g.,
What impact do consumer perceptions of fit life cycle effects, profitability, perceptual
regarding a firm and its green partnerships impact)?
have on behavioral intentions?
RO10: Clarify the characteristics of consumers Are there innate forces within consumers that N/A
that affect environmental consumption drive environmentally friendly behaviors?
behaviors. What types of messages are likely to increase
PCE for consumers in order to increase green
consumption?
What role does an individual’s sustainability
competence have on sustainability efforts?
What are the barriers consumers face when
attempting to make environmentally-friendly
product purchases?
RO11: Investigating the effects of consumer What impact do consumer perceptions of firm N/A
perceptions of green marketing strategies greenness have on behavioral intentions?
toward green behaviors. How much information should be presented to
consumers in order to promote the green
efforts of a firm? What specific information
should be given?
Are accusations of firm greenwashing a “death
sentence” for firms attempting to compete on
green? Are there strategies to overcome
consumers’ distrust?

The consumer column was inserted as many marketing studies address consumer issues, while the alternate stakeholder column is used to denote
opportunities that still exist in marketing. No opportunities were generated for alternate stakeholders in the consumer section as is noted by the N/A

examining “green consumers,” or consumers that choose to 1995; Diamantopoulos et al. 2003; Tanner and Kast 2003) on
purchase environmentally friendly products when given the consumers’ attitudes and behaviors toward environmentally-
opportunity. As such, the effects of culture (Anderson and friendly product consumption have been investigated.
Cunningham 1972; Mostafa 2007; Webster 1975), personal- Further, research suggests that perceived consumer effective-
ity (Kinnear et al. 1974), impression motivation (Yoon et al. ness (PCE), or an individual’s belief that s/he can make a
2006), and socio-demographic characteristics (Shrum et al. difference or impact by purchasing environmentally friendly
J. of the Acad. Mark. Sci.

products, is an important predictor of green consumption in the table, this research highlights a number of opportu-
(e.g., Kinnear et al. 1974; Roberts 1996; Webster 1975). nities gleaned from an integrative review of the manage-
Similarly, the positive impact of social norms has been ment, operations, and marketing literatures. No doubt, the
shown to motivate environmental conservation in hotel extensive number of research opportunities identified is
guests (Goldstein et al. 2008). exceeded by the challenges that will confront scholars in
However, the marketing literature has yet to examine the their efforts to address the surprising and evident gap in the
barriers facing consumers. The negative effects of green- marketing literature relative to the efficacy of green as an
washing, and the general lack of trust felt by consumers organizational imperative. As research notes the numerous
toward green firms has been noted as an obstacle that many benefits offered to firms utilizing socially responsible
firms must attempt to overcome (Kangum et al. 1991). In strategies, it is likely that the number of firms enacting
addition, a lack of green credibility, along with consumer such strategies to increase their triple-bottom line perfor-
cynicism and confusion, are issues associated with green mance will continue to rise.
marketing strategies (Carlson et al. 1993; Davis 1993). Too Research suggests that companies need to become agile,
often consumers are left wondering which firms are adaptive, and aligned in balancing people and the planet
genuinely green, versus those that are merely paying it lip with profitability (Kleindorfer et al. 2005). As is noted, a
service. Therefore, strategies aimed at the “reluctant number of green strategies, or general categories of
consumer” are critical if firms seek to advance, and reap research opportunities, appear relevant. The main types
the benefits of, green marketing strategies (Zinkhan and of green strategies gleaned from the literature are: (1)
Carlson 1995). green innovation, (2) greening the organization, and (3)
green alliances. The development of new or innovative
RO10: Clarify the characteristics of consumers that affect
green products is a commonly utilized strategy by firms
environmental consumption behaviors.
attempting to go green. Another green strategy implemented
Picking the right green marketing strategy is an by firms is a focus on environmental aspects within the firm
important step for firms that aim to compete on green itself. Greening the organization may be accomplished
(Ginsberg and Bloom 2004). Research suggests that it is through green champions, green processes, and green
important for organizations to consider the potential green initiatives toward supply-chain management. Beyond green-
market of consumers, as well as ways to differentiate ing the organization’s processes, a firm may also choose to
products from the competition (Ginsberg and Bloom 2004). utilize an alliance or partnership to enhance the green
When examining socially-responsible messages, research orientation of the firm.
suggests corporate hypocrisy after a firm has deployed said Further, no study is without limitations. We acknowl-
messages is very detrimental (Wagner et al. 2009). edge that the green paradigm may span beyond the
Similarly, research suggests that firms seeking to protect definition employed herein (e.g., public policy, planning,
the planet through green business practices are challenged anti-consumption), which could have alternate effects on
by consumers’ receptivity to these efforts. In particular, organizations. However, we employed a narrow definition
many consumers doubt whether a firm’s activities and in order to constrain our analysis to the more managerially-
offerings are truly environmentally friendly (Mohr et al. relevant concepts discussed in the business literature. In
1998). In order to overcome consumer skepticism, oper- addition, the review concentrated on mainstream journals,
ations suggests firms should systematically strive to make therefore leaving many books and international journals out
their business activities more sustainable and transparent, of the review. This fact could have biased the results
and include the reduction of environment-threatening waste slightly, but by integrating the mainstream research, we
(Marshall and Brown 2003). The lack of research examin- believe the review is comprehensive.
ing consumer perceptions of green actions is apparent All the themes identified conclude with the ultimate
throughout the literature, thus the following research goal of meeting the wants and needs of various stake-
opportunity is noted. holders. In particular, meeting the needs and wants of
RO11: Investigating the effects of consumer perceptions of consumers is critical for firms that are attempting to
green marketing strategies toward green behaviors. compete on the basis of green. Without a greater
understanding of stakeholder and consumer perceptions,
firms are not likely to reap the financial rewards
associated with green strategies. Thus, the resounding
Conclusion conclusion is that there is much left to be discussed and
evaluated relative to the use of green marketing strategies
A summary of the areas that marketing scholars might to maximize the triple-bottom line performance demanded
explore in research efforts is offered in Table 1. As is noted by stakeholders worldwide.
J. of the Acad. Mark. Sci.

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