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Green Ocean Strategy
Green Ocean Strategy
Green Ocean Strategy
The green ocean strategy (GOS) refers to creating opportunities from environmental risks and
pressures, environmental awareness among consumers, and environmental design, marketing and
technologies. It is not just about companies carrying on with their business and taking care of the
environment, it is more about companies taking care of the environment as their business and
making profits along the way. As Starbucks would say, it is not serving coffee to customers, it is
serving customers with coffee. Or Sam Walton of Wal-Mart would say, profits are a by-product of
good service. Some examples of GOS include General Electric’s Ecomagination and Honda’s
Environmentology.
Singapore will be hosting the Global Business Summit for the Environment (B4E) from 19 – 20
April. B4E is an international conference on business and the environment, and “aims to highlight the
environmental challenges facing global business today and share strategies and best practices for
corporate environmental responsibility”. Hope that companies will gain insights from this conference
and exercise their environmental responsibility. If companies don’t adopt the GOS, they would likely
become irrelevant in the near future.
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