Green marketing: a strategic balancing act for creating value
Abstract
Purpose
The purpose of this study is to illustrate that when practiced correctly, environmental marketing can represent promising opportunities for value creation and market growth. For many companies, the practice of environmental marketing has delivered disappointing results.
Design/methodology/approach
Building from examples of companies that have successfully transcended traditional environmental marketing, we create a model for strategic product positioning. We rely on illustrations from companies in a variety of industries that target both consumer and business markets.
Findings
We describe five strategies that are built upon value drivers for green products such as image, status, functionality and brand management through authenticity and superior offerings. We also emphasize the importance of strategies that target commercial markets for green products, which represent valuable opportunities for growth.
Originality/value
Companies often confront the challenge of positioning the green attributes of their products or services. Lessons from the past have shown that this task must be carefully executed. Understanding the strategies presented here is critical for the success of new products or new marketing initiatives.
Keywords
Acknowledgements
© Dean, Thomas J., Sustainable Venturing: Entrepreneurial Opportunity in the Transition to a Sustainable Economy, 1st Edition, 2014. Printed and Electronically reproduced by permission of Pearson Education, Inc., Upper Saddle River, New Jersey.
Citation
J. Dean, T. and F. Pacheco, D. (2014), "Green marketing: a strategic balancing act for creating value", Journal of Business Strategy, Vol. 35 No. 5, pp. 14-22. https://doi.org/10.1108/JBS-11-2013-0109
Publisher
:Emerald Group Publishing Limited
Copyright © 2014, Authors