Professional Documents
Culture Documents
ON
GREEN MARKETING
A Project Report submitted in partial fulfillment of the requirements
BONAFIDE CERTIFICATE
Certified that this project report titled ―Opportunities & Challenges for
Green Marketing with special reference to gurgaon‖ is the bonafide
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work of Mr. Ravinder Khatri student of MBA Marketing 4th semester who
carried out the research under my supervision. Certified further, that to the best
of my knowledge the work reported here in does not form part of any other
project report or dissertation on the basis of which a degree or award was
conferred on an earlier occasion on this or any other candidate.
Place: Faculty
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STUDENT’S DECLARATION
I hereby declare that the project report conducted on
GREEN MARKETING
TO
ITM UNIVERSITY,GURGAON
Is my original work and the same has not been submitted for the award
of any other Degree /Diploma /fellowship or other similar titles or prizes.
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ACKNOWLEDGEMENT
Ravinder Khatri
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ABSTRACT
In today's business world environmental issues plays an important role in
marketing.
All most all the governments around the world have concerned about green
marketing activities that they have attempted to regulate them. There has been
little attempt to academically examine environmental or green marketing. It
introduces the terms and concepts of green marketing, briefly discuss why going
green is important and also examine some of the reason that organizations are
adopting a green marketing philosophy. It also focuses some of the problems
with green marketing.
It identifies the key to successful green marketing:
• Credibility
• Publicize stories of the company’s and employees’ green initiatives.
• Enter environmental awards programs to profile environmental credentials to
customers and stakeholders.
• Never overstate environmental claims or establish unrealistic expectations.
It also tells about Why Are Firms Using Green Marketing:
• Organizations perceive environmental marketing to be an opportunity that can
be used to achieve its objectives
• Organizations believe they have a moral obligation to be more socially
responsible
• Governmental bodies are forcing firms to become more responsible
• Competitors' environmental activities pressure firms to change their
environmental marketing activities
• Cost factors associated with waste disposal, or reductions in material usage
forces firms to modify their behavior
This report also stresses upon the effect of green marketing on the consumers.
Green marketing isn't just a catchphrase; it's a marketing strategy that can help
you get more customers and make more money. But only if you do it right.
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CONTENTS
S.NO TOPIC Page
a. Certificate 1
b. Declaration 3
c. Acknowledgement 4
d. Abstract 5
e. Introduction 10
f. Research Methodology 36
g. Data Analysis & Interpretation 39
h. Conclusion 53
i. Suggestions 55
j. Bibliography 59
k. Annexure 60
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INTRODUCTION
According to the American Marketing Association, 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.
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.
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 involves developing and promoting products and services that
satisfy customer's want and need for Quality, Performance, Affordable Pricing
and Convenience without having a detrimental input on the environment.
Goals of Green Marketing:
Eliminate the concept of waste
Reinvent the concept of product
Make prices reflect actual and environmental costs
Make environmentalism profitable
Bringing out product modifications
Changing in production processes
Packaging changes
Modifying advertising.
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Yet defining green marketing is not a simple task where several meanings
intersect and contradict each other; an 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. The
legal implications of marketing claims call for caution. Misleading or overstated
claims can lead to regulatory or civil challenges. In the USA, the Federal Trade
Commission provides some guidance on environmental marketing claims. So,
in simple terms 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 itself or produced and/or packaged
in an environmentally friendly way.
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BIRTH OF GREEN MARKETING
The concept of green marketing has been around at least since the first Earth
Day in 1970. But the idea did not catch on until the 1980s, when rising public
interest in the environment led to a demand for more green products and
services. Manufacturers responded to public interest by labelling hundreds of
new products "environmentally friendly"—making claims that products were
biodegradable, compostable, energy efficient, or the like. 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. The proceedings of this workshop resulted in
one of the first books on green marketing entitled "Ecological Marketing". The
first wave of Green Marketing occurred in the 1980s. Corporate Social
Responsibility (CSR) Reports started with the ice cream seller Ben & Jerry's
where the financial report was supplemented by a greater view on the
company's environmental impact. In 1987 a document prepared by the World
Commission on Environment and Development defined sustainable
development as meeting ―the needs of the present without compromising the
ability of future generations to meet their own need‖, this became known as the
Brundtland Report and was another step towards widespread thinking on
sustainability in everyday activity.
The green marketing has evolved over a period of time. According to Peattie
(2001), the evolution of green marketing has three phases. First phase was
termed as
"Ecological" green marketing, and during this period all marketing activities
were
concerned to help environment problems and provide remedies for
environmental problems. Second phase was"Environmental " green marketing
and the focus shifted on clean technology that involved designing of innovative
new products, which take care of pollution and waste issues. Third phase
was"Sustainable" green marketing. It came into prominence in the late 1990s
and early 2000
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NEED OF GREEN MARKETING
WHY IS GREEN MARKETING CHOSEN BY MOST MARKETERS?
Most of the companies are venturing into green marketing because of the
following
reasons:
Issues like Global warming and depletion of ozone umbrella are important for
the healthy survival. Every person rich or poor would be interested in quality
life with full of health and vigour and so would the corporate class. Financial
gain and economic profit is the main aim of any corporate business. But harm to
environment cost by sustain business across the globe is realized now though
off late. This sense is building corporate citizenship in the business class. So
green marketing by the business class is still in the selfish anthological
perspective of long term sustainable business and to please the consumer and
obtain the sanction license by the governing body. Industries in Asian countries
are catching the need of green marketing from the developed countries but still
there is a wide gap between their understanding and implementation.
Green marketing has been widely adopted by the firms worldwide and the
following are the possible reasons cited for this wide adoption. There are
basically five reasons for which a marketer should go for the adoption of green
marketing.
They are:
Opportunities or competitive advantage
Corporate social responsibilities (CSR)
Government pressure
Competitive pressure
Cost or profit issues
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1) OPPORTUNITIES - As demands change, many firms see these changes
as an opportunity to be exploited and have a competitive advantage over firms
marketing non- environmentally responsible alternatives. Some examples of
firms who have strived to come more environmentally responsible, in an
attempt to better satisfy their consumer needs are:
•McDonald's replaced its clam shell packaging with waxed paper because of
increased
consumer concern relating to polystyrene production and Ozone depletion.
•The Surf Excel detergent which saves water (advertised with the message—"do
bucket
paani roz bachana").
•The energy-saving LG consumers durables are examples of green marketing.
•We also have green buildings which are efficient in their use of energy, water
and construction materials, and which reduce the impact on human health and
the environment through better design, construction, operation, maintenance
and waste disposal. In India, the green building movement, spearheaded by the
Confederation of Indian industry (CII) - Godrej Green business Center, has
gained tremendous impetus over the last few years. From 20,000 sq ft in 2003,
India's green building footprint is now over 25 million sq ft.
•Xerox introduced a "high quality" recycled photocopier paper in an attempt to
satisfy the demands of firms for less environmentally harmful products.
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This philosophy is directly tied to the overall corporate culture, rather than
simply being a competitive tool.
An example of a firm that does not promote its environmental initiatives is
Coca-Cola. They have invested large sums of money in various recycling
activities, as well as having modified their packaging to minimize its
environmental impact. While being concerned about the environment, Coke has
not used this concern as a marketing tool. Thus many consumers may not
realize that Coke is a very environmentally committed organization. Another
firm who is very environmentally responsible but does not promote this fact, at
least outside the organization, is Walt Disney World (WDW). WDW has an
extensive waste management program and infrastructure in place, yet these
facilities are not highlighted in their general tourist promotional activities.
New Delhi, the India's capital was getting polluted gradually at a very fast
pace till Supreme Court of India forced a change of fuel on it. In 2002, a
directive was issued to completely adopt CNG in all public transport systems to
curb pollution.
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attempt to address the introduction of recycled photocopier paper by other
manufacturers. In another example when one tuna manufacture stopped using
driftnets the others followed suit.
1) PRODUCT MIX:
Entrepreneurs wanting to exploit emerging green markets either: Identify
customers’ environmental needs and develop products to address these needs or
will develop environmentally responsible products to have less impact than
competitors.
The increasingly wide variety of products on the market that support sustainable
developments are:
Products made from recycled goods, such as Quick’ N Tuff housing materials
made from recycled broccoli boxes.
Products that can be recycled or reused.
Efficient products, which save water, energy or gasoline, save money and
reduce
Environmental impact.
Products with environmentally responsible packaging, McDonalds, for
example,
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changed their packaging from polystyrene clamshells to paper.
Products with green labels, as long as they offer substantiation.
Certified products, which meet or exceed environmentally responsible criteria.
Organic products-many customers are prepared to pay a premium for
Pricing is the critical element of the marketing mix. Most customers will only
be prepared to pay a premium if there is a perception of additional product
value. This value may be improved performance, function, design, visual appeal
or taste. Environmental benefits will often be the deciding factor between
products of equal value or quality.
Environmentally responsible products, however are often less expensive when
product life cycle coast are taken into consideration, for example fuel-efficient
vehicles, water efficient printing and non-hazardous products.
3) PLACE MIX:
The choice of where and when to make products available will have significant
impact on the customers you attract. Very few customers go out of their way to
buy green products merely for the sake of it. Marketers looking to successfully
introduce new green products should position them broadly in the market place
so they are not just appealing to a small green niche market.
The location must also be consistent with the image you want to project and
allow you to project your own image rather than being dominated or
compromised by the image of venue. The location must differentiate you from
the competitors. This can be achieved by in-store promotions and visually
appealing displays or using recycled materials to emphasize the environmental
and other benefits.
4) PROMOTION MIX:
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Promoting products and services to target markets include paid advertising,
public relations, sales promotions, direct marketing and on-site promotions.
Smart green marketers will be able to reinforce environmental credibility by
using sustainable marketing and communication tools and practices. For
example, many companies in the financial industry are providing electronic
statements by email; e-marketing is rapidly replacing more traditional
marketing methods and printed materials can be produced using recycled
materials and efficient processes such as waterless printing.
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-To reward genuine initiatives by companies to reduce adverse impact of
environmental impact of products.
ECO-MARK IN INDIA:
Under the concept, products which are less harmful to the environment or have
benign impact on environment through the various stages of development-
manufacture, packaging, distribution, use and disposal or recycling may be
awarded the Eco-Mark. An earthen pot has been chosen as the logo for Eco-
Mark scheme in India. The familiar earthen pot has renewable resource like
earth, does not produce hazardous waste and consume little energy in making.
As a symbol it puts across its environmental message. Its image has the ability
to reach people and help to promote a greater awareness of the need to be kind
to the environment. The logo Eco-Mark scheme signifies that the product which
carries it does least damage to the environment.
STAKEHOLDERS IN GREEN MARKETING:
These are all the people or groups whose lives or environment are affected by
the project,
but who receive no direct benefit from it. These can include the team’s families,
people made redundant by the changes introduced, people who buy the product
and the local community.
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particular, one often finds distrust regarding the credibility of green products.
Therefore, to ensure consumer confidence, marketers of green products need to
be much more transparent, and refrain from breaching any law or standards
relating to products or business practices.
There are numerous challenges in the field of green marketing. Some of the
major hurdles
are as following:
Need For Standardization:
It is found that very less percentage of the marketing messages from ―Green‖
campaigns are entirely true and there is a lack of standardization to authenticate
these claims. There is no standardization to authenticate these claims. There is
no standardization currently in place to certify a product as organic. Unless
some regulatory bodies are involved in providing the certifications there will
not be any verifiable means. A standard quality control board needs to be in
place for such labelling and licensing.
New Concept:
Indian literate and urban consumer is getting more aware about the merits of
Green products. But it is still a new concept for the masses. The consumer needs
to be educated and made aware of the environmental threats. The new green
movements need to reach the masses and that will take a lot of time and effort.
By India’s ayurvedic heritage, Indian consumers do appreciate the importance
of using natural and herbal beauty products. Indian consumer is exposed to
healthy living lifestyles such as yoga and natural food consumption. In those
aspects the consumer is already aware and will be inclined to accept the green
products.
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The first rule of green marketing is focusing on customer benefits i.e. the
primary reason why consumers buy certain products in the first place. Do this
right, and motivate consumers to switch brands or even pay a premium for the
greener alternative. It is not going to help if a product is developed which is
absolutely green in various aspects but does not pass the customer satisfaction
criteria. This will lead to green myopia. Also if the green products are priced
very high then again it will loose its market acceptability.
Green Washing
In spite of its growing popularity, the green marketing movement faced serious
setbacks in the late 1980s because many industries made false claims about their
products and services. For instance, the environmental organization Corp Watch
, which issues annually a list of the top ten "green washing" companies,
included BP Amoco for advertising its "Plug in the Sun" program, in which the
company installed solar panels in two hundred gas stations, while continuing to
aggressively lobby to drill for oil in the Arctic National Welfare Refuge. Green
marketing can be a very powerful marketing strategy though when it's done
right. In a similar kind of case Chad’s green marketing campaign bombed
because he made the mistake of packaging his environmentally friendly product
in Styrofoam, emitting CFC’s.
The past decade has shown that harnessing consumer power to effect positive
environmental change is far easier said than done. The so-called "green
consumer" movements in the country have struggled to reach critical mass and
to remain in the forefront of shoppers' minds. One of green marketing's
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challenges is the lack of standards or public consensus about what constitutes
"green". This lack of consensus -- by consumers, marketers, activists,
regulators, and influential people -- has slowed the growth of green products,
says Makeover, because companies are often reluctant to promote their green
attributes, and consumers are often skeptical about claims.
Despite these challenges, green marketing has continued to gain
adherents, particularly in light of growing global concern about climate change.
This concern has led more companies to advertise their commitment to reduce
their climate impacts, and the effect this is having on their products and
services.
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their personal responsibility to try to make a difference. Appealing to this need
can increase response rates to marketing executions and build brand loyalty.
Green marketing is very low on the agenda of most businesses and
therefore its still an under-leveraged USP (Unique Selling Proposition).
Effective green marketing targeted at the right audience will make a difference.
As resources are limited and human wants are unlimited, it is important for the
marketers to utilize the resources efficiently without waste as well as to achieve
the organization's objective. So green marketing is inevitable.
There is growing interest among the consumers all over the world regarding
protection of environment. Worldwide evidence indicates people are concerned
about the environment and are changing their behaviour. As a result of this,
green marketing has emerged which speaks for growing market for sustainable
and socially responsible products and services.
Man has limited resources on the earth, with which she/he must attempt to
provide for the worlds' unlimited wants. There is extensive debate as to whether
the earth is a resource at man's disposal. In market societies where there is
"freedom of choice", it has generally been accepted that individuals and
organizations have the right to attempt to have their wants satisfied. As firms
face limited natural resources, they must develop new or alternative ways of
satisfying these unlimited wants. Ultimately green marketing 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.
When looking through the literature there are several suggested reasons for
firms increased use of Green Marketing. Five possible reasons cited are:
a) Organizations perceive environmental marketing to be an opportunity that
can be used to achieve its objectives
b) Organizations believe they have a moral obligation to be more socially
responsible
c) Governmental bodies are forcing firms to become more responsible
d) Competitors' environmental activities pressure firms to change their
environmental marketing activities
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e) Cost factors associated with waste disposal, or reductions in material usage
forces firms to modify their behavior.
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conscious behavior and will therefore give them an advantage over competitors
who do not address these issues.
E.g. offering an environmental friendly product and saving resources, and
relating
them to internal strengths.
THREATS:
1. Uncertainty as to the environmental impact of present activities, including
that is
perceived to be less environmentally harmful.
2. Uncertainty as to which green marketing activities are acceptable from a
government perspective.
3. The possibility of a backlash from consumers or government based on
existing
green marketing claims, threat one and two above may cause backlash to arise.
E.g. competitors gain market shares with green products and increased
environmental regulations).
ENVIRONMENTAL AUDIT:
It is a management tool which can be used to assess the environmental
performance of the company and its units and to identify the weak points.
Environmental Audit is comprised of a systematic, documented, periodic and
objective environmental performance evaluation and facilities.
GREEN PRODUCTS: ITS CHARACTERISTICS
These products that are manufactured through green technology and that caused
no environmental hazards are called green products. Promotion of green
technology and green products is necessary for conservation of natural
resources and sustainable development. We can define green products by
following measures:
Products those are recyclable, reusable and biodegradable
Products with natural ingredients
Products containing recycled contents, non-toxic chemical
Products contents under approved chemical
Products that do not harm or pollute the environment
Products that will not be tested on animals
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Products that have eco-friendly packaging i.e. reusable, refillable containers
etc.
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conducted for all the suppliers on EMS. Surveys are conducted to assess the
vendors who need more guidance. The systems and the environmental
performance of suppliers are audited.
• The green co-efficient of this system is much better than the conventional
system.
3.HCL’S: ENVIRONMENT MANAGEMENT & ECOSAFE POLICY
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complement the environmental benefit of more open space and reduction of
greenhouse gases. They may be thought of as a "time-sharing" system for cars.
Consumers who drive less than 7,500 miles a year and do not need a car for
work can save thousands of dollars annually by joining one of the many
services springing up, including ZipCar (East Coast), Flex Car (Washington
State), and Hour Car (Twin Cities).
ELECTRONIC SECTOR:
The consumer electronics sector provides room for using green marketing to
attract new customers. One example of this is HP's promise to cut its global
energy use 20 percent by the year 2010. To accomplish this reduction below
2005 levels, The Hewlett-Packard Company announced plans to deliver energy-
efficient products and services and institute energy-efficient operating practices
in its facilities worldwide.
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could save energy and resources by using cold rather than warm water. As
energy and resource prices continue to soar, opportunities for products offering
efficiency and savings are destined for market growth.
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Governmental Bodies Are Forcing Firms To Become More Responsible:
In most cases the government forces the firm to adopt policy which protects the
interests
of the consumers. It does so in following ways:
Reduce production of harmful goods or by –products
Modify consumer and industry’s use and /or consumption of harmful goods;
Ensure that all types of consumers have the ability to evaluate the
environmental composition of goods.
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Promote and deliver the consumer desired value of environmental products
and target relevant consumer market segments.
Broaden mainstream appeal by bundling consumer desired value into
environmental products.
• CALIBRATION OF CONSUMER KNOWLEDGE:
Educate consumers with marketing messages that connect environmental
attributes with desired consumer value.
Frame environmental product attributes as ―solutions‖ for consumer needs.
Create engaging and educational internet sites about environmental products
desired consumer value.
• CREDIBILITY OF PRODUCT CLAIMS:
Employ environmental product and consumer benefit claims that are specific
and meaningful.
Procure product endorsements or eco-certifications from trustworthy third
parties and educate consumers about the meaning behind those endorsements
and eco- certifications.
Encourage consumer evangelism via consumers social and internet
communication network with compelling, interesting and entertaining
information about environmental products.
STRATEGIES FOR GREEN COMMUNICATION:
Make environmental messages consistent with the company’s existing voice
in the market place.
Empower consumers to get involved to make a difference.
Enlist cultural icons to tell the story.
Be ready to experiment publicly, even if it doesn’t always lead to success.
Price environmentally preferable products comparable to conventional ones.
Link environmental innovations to other benefits, like quality and durability.
Thanks customers for making good, green choices, and tell them how they are
making a difference.
Seek recognition from peers and activists groups and challenge competitors to
join in.
Green products shouldn’t be any different from regular ones in branding,
price, use or performance.
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STRATEGIES TO BE IMPLEMENTED IN GREEN
MARKETING
I. PRODUCT DIFFERENTIATION
Organizations are putting continuous efforts to differentiate their products and
services using green marketing practice. In a wide range of markets including
retailing etc companies have used eco performance to differentiate and to
compete. Products with poor eco performance can become targets for new
substitution, as a result of this many organizations are coming up with greener
ideas to differentiate their products from competitors.
CONSUMER VALUE POSITIONING- organizations can design
environmental products to perform as well as provide alternatives. In addition to
this promoting and delivering the consumer desired value of environmental
products and target relevant consumer market segments can help the
organization to differentiate.
CALIBERATION OF CONSUMER KNOWLEDGE-Educates customers
with marketing messages that connect environmental product attributes with
desired consumer value.
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II. DESIGNING BIO-DEGRADABLE PACKAGING
It is seen that promotion of green products strongly influences the consumers
buying decisions. It is one of the most important factors of product
attractiveness. Thus it has been indicated that bio-degradable packaging will
affect in a strong and moderate way respectively on their buying decisions.
As a marketing strategy the companies should modify the product packaging by
using only the recycle as well as handmade paper in packaging. Instead of being
more mechanized the companies must find creative ways reusing the waste
products which are harmful to the environment. Manufacturing companies
which are using plastic for packaging should meet certain standardization. For
example Bisleri plastic bottles or the water bottles can last only for 15 days and
after that it generates certain chemicals which are harmful and there is no
reusability of this kind of plastic. Companies should modify these kinds of
packaging styles and find out some innovative ways to recycle it.
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on social, environmental and economic impact of products through the supply
chain production process and after the purchase. Life cycle analysis tells a brand
just how far it needs to go before it claims to be sustainable.
VI. INCENTIVES AND STRUCTURAL FACTORS
Commercialization programs and incentives help get new technologies
introduced examples include fleet programs to cultivate strategic niche markets
and by providing financial incentives such as the advanced vehicle tax credit
proposal in case of green vehicle purchase. Consumers can be motivated by
incentives and awards to:
Curtail – Reduce the impact on the environment by modifying extant living
patterns.
Maintain – Keep equipment in good working order.
Be efficient – Undertake structural changes such as buying environmental
friendly equipment.
RESEARCH
METHODOLOGY
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The aim of this study is to investigate immense opportunities and associated
challenges in Green Marketing. Green marketing is still in its infancy and a lot
of research is to be done on green marketing to fully explore its potential.
Marketing Green means having a vision and a plan and taking (cautious) action.
As more companies look to promote their environmentally savvy practices, it's a
good idea to pause for a moment and consider what companies are marketing
when promoting organization as green or sustainable.
RESEARCH OBJECTIVE:
• Primary Objectives:
1.To know the benefits and opportunities of green marketing strategy
2.To study the challenges in green marketing.
• Secondary Objectives:
1.To check the awareness about eco-friendly products of the peoples and
make them aware.
2.To know the strategy being a green is either helpful or not.
RESEARCH HYPOTHESIS:
A tentative insight into the natural world, a concept that is not yet verified but
that if true would explain certain facts or phenomena. The hypothesis to be
tested in this study is:
―There are sufficient opportunities for green marketing and green
products in gurgaon.‖
RESEARCH DESIGN:
Descriptive research design is used in this research. It includes survey and fact
finding inquiries of different kinds. The major purpose of descriptive research is
description of the
state of the affairs, as it exists at present.
DATA COLLECTION:
There are two sources through which data is collected.
Primary Data:Primary data has been collected mainly through structured
questionnaire.
The questions were designed in an easily understandable manner that the
respondents may
not have any difficulty in answering them.
Secondary Data:Secondary data has been obtained through websites, books,
and online magazines and journals.
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SAMPLING DESIGN
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FINDINGS
AND
INTERPRETATIONS
YES : 58
NO : 42
Hence from the above graph we come to know that 58% of respondents are
aware about some or other green marketing campaign carried by companies.
On the other hand 42% respondents do not know by any means. It needs a larger
attention from the marketer’s perspective.
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Television : 6
Newspapers : 19
Friends/family : 7
magazines : 12
Internet : 14
When people were asked whether they have been part of any green
campaign,55% said yes whereas 45% denied.
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CONSIDER ENVIRONMENTAL ASPECT OF PRODUCT WHILE BUYING
Very often : 9
Often : 10
Sometimes : 16
Rarely : 14
Never : 7
Here from the above graph we see that majority 29% people sometimes give
consideration to the environmental aspects of products while buying,25%
people gives consideration rarely,18% often and 12% most often give
consideration to the environmental aspect while buying product.
The weighted mean score after calculation is +2.90 which means that in overall
people sometimes give consideration to environmental aspect while buying
product.
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From the above graph 26% people neither agree nor disagree that green
marketing and its advertising are good source of information about green
products and services.22% people partially disagrees from this whereas 16 %
highly disagree and 19% are partially agreed.
Here we come to know that 33% people partially agree that green marketing
activities are good at addressing environmental issues; 15% people are neutral,
17% people highly disagree.
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GREEN MARKETING ACTIVITIES RESULT IN BETTER PRODUCT
Highly agree : 34
Agree : 16
Neutral : 5
Disagree : 3
highly disagree : 0
59% of people strongly agree that the green marketing activities result in better
products whereas 9% are neutral on this and 5% disagree and 27% agrees.
Government pressure : 8
Competitive pressure : 16
As a part of CSR : 15
immense opportunity : 19
Hence from the above graph it can be seen that 14% of people think that
companies opt green strategy because of the government pressure, 27% due to
have a competetive edge over others.26% believe that it is a part of CSR and
33% immense opportunity.
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GREEN MARKETING STRENGTHEN COMPANY’S IMAGE IN THE
MIND OF CONSUMERS
Highly agree : 25
Agree : 28
Neutral : 3
Disagree : 2
Highly disagree : 0
Hence 48% people highly agreed that green marketing strengthen the
company’s image, 43% also agreed.5% people were neutral whereas 4%
disagree
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36% highly agrees that they are easily persuaded by company’s with green
marketing initiatives,29% people agree and 14% are neutral.
46% people believe that the green strategy can help the environment grow in a
healthier manner whereas 12% does not believe.
HYPOTHESIS TESTING
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Hupothesis: There are sufficient for green marketing and green products in
gurgaon.
Variable observed expected (O-E) (O-E)2 (O-E)2/E
Ques 1 58 45 +13 169 3.76
Ques 3 32 45 -13 169 3.76
Ques 12 46 45 +1 1 0.02
∑=7.54
Hence the calculated value of χ2= 7.54
Since dergree of freedom in given problem is
(N-1)=(3-1)=2
The table value of χ2 for 2 degree of freedom at 28% level of significance is 7.834
Comparing calculated and tabulated value ofχ2, we find that calculated value is
less than the table value. The result, thus, supports the hypothesis and it can
be concluded that there are sufficient opportunities for green marketing and
green products in gurgaon.
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DEMOGRAPHIC PROFILE OF RESPONDENTS
AGE
UNDER 18 : 21
19-35 : 39
36-50 : 28
50 ABOVE : 12
GENDER
MALE : 74
FEMALE : 26
OCCUPATION
GOVT. : 24
PRIVATE : 19
STUDENT : 27
OTHERS : 30
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CONCLUSION
Conclusion:
Green marketing should not neglect the economic aspect of marketing.
Marketers need to understand the implications of green marketing. Green
marketing to some extent strengthen company’s image in the mind of
respondents that is very much clear from trustworthiness of green claims and
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certainly it do have positive image of the organization in the minds of the
respondents. It was observed that the respondents who were more proactive
with the environmental behaviour have positive attitude towards green
advertisements. It is evident that green marketing have positive impact on only
those who are already practicing it. Rest of the respondents who were passive
had very less impact on their buying behaviour.
Green marketing covers more than a firm's marketing claims. While firms must
bear much of the responsibility for environmental degradation, the
responsibility should not be theirs alone. Ultimately green marketing requires
that consumers 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. We need to come out through green
myopia.
Having said this, it must not be forgotten that the industrial buyer also has the
ability to pressure suppliers to modify their activities. Thus an environmental
committed organization may not only produce goods that have reduced their
detrimental impact on the environment, they may also be able to pressure
their suppliers to behave in a more environmentally responsible fashion. Final
consumers and industrial buyers also have the ability to pressure organizations
to integrate the environment into their corporate culture and thus ensure all
organizations minimize the detrimental environmental impact of their
activities.
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up as roadside waste. It must be remembered that it is the uncaring consumer
who chooses to disposes of their waste in an inappropriate fashion. While firms
can have a great impact on the natural environment, the responsibility should
not be theirs alone. It appears that consumers are not overly committed to
improving their environment and may be looking to lay too much responsibility
on industry and government.
Thus, we can say that there are sufficient opportunities for green marketing in
gurgaon but it may also face lot of challenges as considerable percentage of
population are not aware and also willing to know the affairs of green
marketing initiatives. We need to educate them through proper campaigns.
Green marketer must find an opportunity to enhance you product's
performance and strengthen your customer's loyalty.
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SUGGESTIONS
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Suggestions:
Green marketing is still in its infancy and a lot of research is to be done on
green
marketing to fully explore its potential. There are some suggestion that an
organizations should implement for catering challenges of green marketing and
successful exploitation of green marketing. Those are:
Consumer needs to be made more aware about the merits of Green products. It
is still a new concept for the masses. The consumer needs to be educated and
made aware of the environmental threats. It should be made sure that the
consumer is aware of and concerned about the issues that your product attempts
to address. Green Marketing campaign and green advertising is good step
toward it.
Consumers must be motivated to switch brands or even pay a premium for the
greener alternative. Make sure that consumer feel that they can make a
difference. Make sure that consumer feel that they can make a difference. This
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is called ―empowerment‖ and due to this main reason consumers will buy
greener products.
Further steps should be taken to control false promise and claim by the marketer
to maintain legitimacy and trustworthiness of green products. Consumers must
be made to believe that the product performs the job it’s supposed to do-they
won’t forego product quality in the name of the environment. For effective and
efficient implementation of this concept of Green Marketing the factor that
plays a major role is the Government. Unless the government creates specific
and stringent laws and utilizes its authority to implement them the concept
cannot be conceptualized. If the Consumer, the Organization and the
Government work in unison towards the common goal of minimizing the
detrimental environmental impact of their activities, then they can surely save
this environment and make this world a better place to live in.
Today’s consumers are becoming more and more conscious about the
environment and are also becoming socially responsible. Therefore, more
companies should become responsible to consumers’ aspirations. Many
companies want to have an early mover advantage as they have to eventually
move towards becoming green. Green marketing is very low on the agenda of
most businesses and therefore its still an under-leveraged USP (Unique Selling
Proposition). Therefore, effective green marketing targeted at the right audience
will make a difference
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BIBLIOGRAPHY .
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BOOKS:
I. Kothari C.R. (2004), ―Research Methodology Methods and Techniques‖, N.
Delhi, New Age International Publication
ii. Green, Paul, Tull (2002) ―Research for Marketing Decisions‖, N. Delhi,
Prentice-Hall of India
iii. Sharma D.D. (2008), ―Marketing Research: Principle Application & Cases‖
N. Delhi, Sultan Chand & Sons
iv. Kotler P. (1999), ―Marketing Management‖, N. Delhi, Prentice-Hall of India.
v. Rajagpalan R. (2003), ―Environment Studies‖, N. Delhi, Himalayan
Publishing
House.
vi. Certo, S.C. (1997), Modern Management, Englewood Cliffs, Prentice-Hall
WEBSITES:
a. http://www.businessworld.in
b. http://www.outlookindia.com
c. http://en.wikipedia.org
d. http://www.business-standard.com
e. http://www.encyclopedia.com
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ANNEXURE
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Hello sir/madam,
Please give your honest opinion and this information collected will be purely
confidential and will not be shared for any purpose other than research.
5. Do you think green marketing and its advertising are good sources of
information about green products and services?
a) highly agree
b) agree
c) neutral
d) disagree
e) highly disagree
6.Do you agree that green marketing activities are good at addressing
environmental issues?
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a) highly agree
b) agree
c) neutral
d) disagree
e) highly disagree
11. Do you think this strategy will help to grow healthy environment?
a) yes
b) no
PERSONL PROFILE
NAME:
AGE: GENDER:
OCCUPATION:
POSTAL ADDRESS:
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Thank you!!!!!
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