In: Finance
Locate a company that engages in indirect green marketing practices for the products/services they sell, but have also developed subsidiary foundations to support additional ecological initiatives.
Businesses invest a lot of time and money in sustainability
efforts as it is the “right thing to do” while others do it to
increase profits. Apart of their particular objectives, businesses
often want to be recognized for their sustainability efforts.
Green marketing involves communicating the sustainability efforts;
thus playing a pivotal role in helping businesses to achieve public
recognition. The concept of Green marketing highlights a product or
service's environmental benefits and illustrating how brands are
changing their processes and practices to be more environmentally
aware. For consumers, it means you might hear terms like
''eco-friendly,'' ''sustainable,'' ''organic,'' ''recyclable,'' or
reducing a ''carbon footprint,'' among others. A carbon footprint
is the environmental impact of an individual or a business. More
and more brands are getting on board the green marketing train,
shining the spotlight on their safe and mindful products and
services, or changing up a brand's entire image from revenue-driven
to environmentally friendly.
One of few companies that are using Green marketing as one of the
marketing strategies in the competitive markets is ‘Johnson &
Johnson’.
The Johnson & Johnson company is few of the industry leaders in
surgical, first Aid and well-known baby products. The company has
created its own Environment, Health, Safety, and Sustainability
Department to fine-tune internal practices. They’ve implemented an
on-the-job training program to make sure everyone at their company
is on the same page with core values and key issues.
a. Impact on consumer opinions: As per the research
reports and press publications, the strategy has helped the company
to solidify their current brand image. Also, the company has set
sustainability goals that include increasing product recycling to
reduce carbon emissions by 20 percent by 2020. The company has also
earned a slew of honors and recognition for their efforts.
Holistically, consumer behavior is more oriented towards the
strategy of the marketing tools & campaigns used by the
company. Green Marketing has earned a good rating and the companies
implementing such strategies get relatively better consumer
responses.
b. Pros/Cons of indirect Green Marketing: Green
Marketing practices result in cost cutting, differentiating green
products, increasing product marketability and gain competitive
advantage for the company. It adds to the authenticity that people
want to see in what is being offered. Green marketing is able to
establish expertise and loyalty, then you generate local and
regional leverage.Green Marketing creates higher levels of customer
loyalty, also creates more opportunities for people to
support.
Considering the negative impact of Green marketing, the overall
campaign can become quite complex, It can prove the most expensive
tools of marketing,
Not everyone likes to change People get set in their ways, used to
their habits and routines, and don’t like it when that reality is
interrupted, and hence the Green marketing can create a lot of
resistance among the customers can be difficult to keep current
with this type of marketing as staying ahead of the curve can be
extremely difficult in the current business environment.
c. Ethical Considerations of Green Marketing
Methodology: Green marketing takes account of the wider
relationship of the organization and its products to the
surroundings. The prime emphasis is on, developing relationships
and satisfying separate Stakeholders needs in an environmentally
and socially responsible manner. Many business organizations are
realizing that as members of the wider human and social community
they must behave in an environmentally responsible fashion. Most of
the employees of a business organization also feel proud and
responsible to working for an environmentally responsible
company.