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Shahajahan MBA Project 2021
Shahajahan MBA Project 2021
Dissertation Report
On
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DECLARATION OF STUDENT
This is to declare that I have carried out this dissertation work myself in partial
fulfillment of the MBA Program of Jaipur National University, Jaipur.
The work is original, has not been copied from anywhere else and not been submitted
to any other University/Institute for an award of any degree/diploma.
Date: - Signature
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DECLARATION OF GUIDE
This is to certify that the work incorporated in this Dissertation Report “A Study
on Green Marketing” submitted by Shahajahan Ismail Makubhai is original work
and completed under my guidance. Material obtained from other sources has been
duly acknowledged in the Dissertation Report.
PLACE: NAME:
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ACKNOWLEDGEMENT
I am really thankful towards all those people who helped me in this venture. It
would not have been possible without the kind support and help of many
individuals and organizations. I would like to extend my sincere thanks to all of
them.
Discussion and deliberations with the college faculty and library have enriched my
knowledge to from my project in a better way. I won't be able to continue in
compiling this text if they would not have supported me.
I am and will be always thankful to my family for their all-time support and for
putting up with all the disruptions in my life caused by my involvement in this
venture. My thanks and appreciations also go to my friends in developing the
project and people who have willingly helped me out with their abilities.
I would not have succeeded in this process but for their help and support. I thank
you all from the bottom of my heart. I am really grateful to all of them in helping
me throughout my dissertation project which was completed successfully.
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Table of Contents
1 Abstract 7
1.1 Introduction of the Study
8-9
1.2 Objectives of the Study 10
(Findings) 43-44
7 7.1 Conclusion 47
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7.2 Scope of further study
48
References 49-50
Website 51
Annexure 52-56
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1. Abstract
This research work aims to illustrate how the ‘green challenge’ is exerting an
influence on current marketing practice and how its implications will require a
more profound shift in the marketing paradigm, if marketers are to continue
delivering customer satisfaction at a profit throughout this new millennium.
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1.1 Introduction to Green Marketing:
Green marketing is the marketing of environmentally friendly products and services.
It is becoming more popular as more people become concerned with environmental
issues and decide that they want to spend their money in a way that is kinder to the
planet.
Green marketing can involve a number of different things, such as creating an eco-
friendly product, using eco-friendly packaging, adopting sustainable business
practices, or focusing marketing efforts on messages that communicate a product’s
green benefits.
This type of marketing can be more expensive, but it can also be profitable due to the
increasing demand. For example, products made locally in North America tend to be
more expensive than those made overseas using cheap labor, but they have a much
smaller carbon footprint because they don’t have to fly across the globe to get here.
For some consumers and business owners, the environmental benefit outweighs the
price difference.
So, in this scenario of global concern, corporate houses have taken green-marketing
as a part of their strategy to promote products by employing environmental claims
either about their attributes or about the systems, policies and processes of the firms
that manufacture or sell them.
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Clearly green marketing is part and parcel of overall corporate strategy; along with
manipulating the traditional marketing mix (product, price, promotion and place), it
requires an understanding of public policy process. So, we can say green marketing
covers a broad range of activities.
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1.2 OBJECTIVES OF THE STUDY:
6) To find the willingness of the consumers to pay more for green products.
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1.3 NEED OF THE STUDY:
4) Issues like Global warming and depletion of ozone umbrella are the main
for the healthy survival.
5) Every person rich or poor would be interested in quality life with full of
health and vigor and so would the corporate class.
6) 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.
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1.4 LIMITATIONS OF THE STUDY:
research.
2) It was seen during the study, difficult to know the real situations of Indian
any other.
3) This is not the field research so the exact information could not gather by
the researcher.
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CHAPTER 2: LITERATURE REVIEW
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social accomplishments. In addition, the current economic climate has reinforced the
need to plan for long-term sustainability of organization as well as natural resources.
The “Triple Bottom Line” of people, planet and profit is incentivizing companies to
innovate in order to satisfy society and shareholders alike, and to explore and gauge
the potential of newer methods and markets.
For marketing, the challenge is twofold. In the short term, ecological and social issues
have become significant external influences on companies and the markets within
which they operate. Companies have to react to changing customer needs, new
regulations and a new social zeitgeist which reflects increasing concern about the
socio-environmental impacts of business. In the longer term, the pursuit of
sustainability will demand fundamental changes to the management paradigm which
underpins marketing and the other business functions (Shrivastava, 1994).
Balancing economic interests along with social and environmental responsibility is
referred to as “sustainability,” a growing approach to business that has led
stakeholders to put increased pressure on companies to optimize their goals and
corporate responsibility. Yet the messages are mixed and quite fuzzy. Shareholders
expect from companies to generate profits, but they also want from these companies
to make a positive contribution towards society through negating environmental
impact. Employees, regulators and, the customers all want a company to do well in
financial and growth term, but they also want it to “do good.” Innovative
organizations that are successful in this space have explored competitive advantages
inherent in embracing sustainability.
Consumer is ruling the market today and they are exercising their “vote” with
everything they purchase (Ottman, 2006; Polonsky,1994; Prakash, 2002). By a
conscious decision to exchange money for a good or service, a consumer is validating
the importance of that good or service. Today customers put a lot of emphasis on
choosing products that they believe in on an ethical level. On one level, this might
mean, say, avoiding clothing stitched by child laborers. For another consumer, the
tipping point might be the way the company treats the environment in their design,
testing, and production processes.
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Successful businesses have realized that at the end of the day a business is going to be
assessed by its profits as well as contribution to human potential and harmony with
other resources, both natural and artificial. However, selling environment-friendly
products is almost as difficult as cleaning it up. It entails much more than a new
package, using recycled material instead of virgin ones and natural and organic
ingredients instead of artificial ones. Marketers have historically faced an uphill battle
when it comes to marketing eco-friendly goods. Simply put, it is difficult to influence
consumer purchase behaviour without first impacting attitudes and values (Thogersen
and Olander, 2002). These values, however, take a concerted effort over a long period
of time to change.
Kilbourne, W.E. (1998) discussed the failure of green marketing to move beyond the
limitations of the prevailing paradigm. The author identified areas that must be
examined for their effect in the marketing/environment relationship, namely
economic, political and technological dimensions of the cultural frame of reference.
A. GREEN MARKETING:
Green marketing is the process of developing products and services and
promoting them to satisfy the customers who prefer products of good quality,
performance and convenience at affordable cost, which at the same time do
not have a detrimental impact on the environment. It includes a broad range of
activities like product modification, changing the production process,
modified advertising, change in packaging, etc., aimed at reducing the
detrimental impact of products and their consumption and disposal on the
environment.
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Green marketing offers business bottom line incentives and top line growth
possibilities. While modification of business or production processes may
involve start-up costs, it will save money in the long term.
For example, the cost of installing solar energy is an investment in future
energy cost savings. Companies that develop new and improved products and
services with environmental impacts in mind give themselves access to new
markets, substantially increase profits and enjoy competitive advantages over
those marketing non-environmentally responsible alternatives.
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D. EVOLUTION OF GREEN MARKETING:
Green Marketing has been an important academic research topic since its
inception. The concept of green marketing has been around at least since the first
Earth Day in 1970 and later when the American Marketing Association organized
workshop on Ecological Marketing in 1975. 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.
The evolution of green marketing involves 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 is "Sustainable" green marketing. It came into prominence in the late
1990s and early 2000.
2. SWOT Analysis:
Strengths:
1. Marketers get access to new markets and gain an advantage over competitors
that are not focusing on “greenness.
2. Marketers can charge a premium on products that are seen as more eco-
responsible.
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3. Organizations that adopt green marketing are perceived to be more socially
responsible.
4. Green marketing builds brand equity and wins brand loyalty among customers
Weakness:
1. Most customers choose to satisfy their personal needs before caring for
environment.
Opportunities:
Threats:
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CHAPTER 3: RESEARCH METHODOLOGY
Source of data This study is based on secondary data. The research is exploratory
in nature, it focusses on Literature review, News Papers, Journals, websites and
the other reliable sources. I’m the sole researcher of this project tends to visit
college libraries, many book stores to collect and gather required information's.
I’ve also taken some references from various sites in the internet, also taken brief
interview with an educated person to grant his approach towards green
marketing. My professors in college also helped me with many information.
There are a number of potential that must overcome. One of the main
problems is that firms using green marketing must ensure that their activities.
Are not misleading to consumers or industry, and do not breach any of the
regulations or laws dealing with environment marketing. Green marketing
claims must clearly state environmental benefits. A problem of the firm face is
that consumers perception are sometimes not correct. Many organizations
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want to turn green, as an increasing number of consumers want to associate
themselves with environmental friendly product.
NEW CONCEPT: Indian literate and urban consumer is getting more aware
about the merits of Green products. But still consumer needs to be educated
and made aware of the environmental threats.
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3.4 Variables:
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your research aims. That is the population is non-randomly selected based
on a particular characteristic.
Our research design is the way how we collect, process and analyze data we
link to the research type. In this connection we will select a descriptive and
explanatory research types. A descriptive research “uses a set of scientific
methods and procedures to collect raw data and create data structure that
describes the existing characteristics of a defined target population” we will
have questionnaires on the factors of marketing mix, experience, WOM and
consumers’ attitudes towards eco-friendly product which enhance their
purchase (action). Models and hypothesis will be tested to link to the factors
made mention for our analysis. Explanatory research, stresses on the research
to explain the variables (factors) here which influence green attitudes and
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purchase or not of green products, in order to develop relationship between
the variable and the problem (Saunders et al, 2010, P140). For instance, the
marketing mix elements would be elucidated to link to attitude and purchase
behavior of eco-friendly product. The explanatory research explain and
answers some questions on “why” and this has been included in the questions
and been highlighted on the research study.
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C. Source of data collection
b) Primary data:
a) Secondary data:
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CHAPTER 4: DATA ANALYSIS AND INTERPRETATION
Basic Concept:
Concept Analysis:
Basic Concept:
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Although a large number of firms are practicing green marketing, it is not an
easy job as there are a number of problems which need to be addressed while
Implementing Green marketing.
Concept Analysis:
Problems which are like New concept, Cost factor, Convincing customers,
Sustainability, Non-cooperation, Avoiding green myopia.
Firms using green marketing must ensure that their activities are not
misleading to the consumers or the industry, and do not breach any of the
regulations or laws dealing with environmental marketing. The green
marketing claims of a firm must do the following in order to overcome the
challenges:
Basic Concept:
The adoption of green marketing by the firms in India. Green marketing has
been widely adopted by the firms worldwide and so in India.
Concept Analysis:
Basic Concept:
Concept Analysis:
2. Empower consumers.
3. Be transparent.
b) Make sure that consumers feel, by themselves or in concert with all the
other users of your product, that they can make a difference.
Basic Concept:
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The need and importance of green marketing in India for the healthy
environment in India and on earth.
Concept Analysis:
Issues like global warming and depletion of ozone umbrella are the
main for the healthy survival. The significance of green marketing in
India can be described into four sectors like, for environment,
consumers, producers, general public, and economies.
Basic Concept:
Concept Analysis:
a) The Green Product CERT system adopts Cradle to Cradle approach for
evaluation, at par with international Standards.
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Q.7) Green Advertising – What is it? Is this needful?
Basic Concept:
Concept Analysis:
The analysis of the data has been done with the use of SPSS software.
Cross tabulation of the variable of green marketing was done with the variables-
educational qualifications, occupation and income. Similarly cross tabulation was
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also done for willingness to buy expensive eco-friendly products, and preference for
eco-friendly. The results and interpretation is as follows:
NO RESPONSE 0 0 1 50 1 50 2
PG PROFESSIONAL 0 0 6 54.5 0 0 11
TOTAL 1 60 1 100
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Graph No. 1 Relationship between Educational Categories and Awareness about
Green Marketing
It is clear from the above table that more consumers are aware about green marketing.
This trend is visible across all categories of educational level. From the different
categories of educational strata graduates and post graduates show an awareness level
of 63 .5% and 64.3% respectively. While among the professionals the awareness for
graduates and post graduates is 61.1% and 45.5% respectively. Over all 60% of the
respondents were aware of the concept of green marketing. Only those consumers
who have very low level of education are unaware about the concept of green
marketing.
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2. Table No. 2 Occupation and Awareness about Green Marketing
It is evident from the above table that respondents belonging to service category show
highest awareness i.e., 59.70% regarding awareness about green marketing. Similarly
among students the awareness levels are exceptionally high – 75%.
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3. Table No. 3 Income and Awareness about Green Marketing
NO
INCOME YES
RESPONSE
No % No % No %
NO
0 0 4 36.36 7 63.52 11
RESPONSE
1 TO 10000 1 2.77 14 38.33 21 58.33 36
10001 TO
0 0 13 43.33 17 56.66 30
30000
30001 TO
0 0 2 16.67 10 83.33 12
50000
ABOVE 50001 0 0 6 54.55 5 45.45 11
TOTAL
1 39 60 100
Graph No. 3 Relation between Income and Awareness about Green Marketing
INCOME LEVELS
Again it is evident that in various income categories the trend shows overall
awareness of green products across the class barriers. Highest levels of awareness are
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83.33% in the category 30,000 – 50,000. The category of 0 – 10,000 shows an
awareness of 63.52%.
NO RESPONSE 0 0 0 100. 2 0 2
TOTAL 2 53 45 100
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Of the total respondents 53 % are willing to buy expensive eco friendly products.
However in the category of PG Professionals only 36 % are willing to buy such
products. So the assumption that consumers who are highly educated and have money
to spend might is not necessarily aware of or willing to buy expensive eco friendly
products.
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Table No. 5 Occupation and willingness to buy Expensive Eco-friendly Products
NO NO YES TOTAL
RESPONSE
NO. % NO. % NO. %
TOTAL 2 53 45 100
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People across all occupation categories are willing to buy expensive eco-friendly
products. However the percentage of willingness to buy these products varies from
31.25% for the students, 45.45% for professionals, 59.70% for service and 66.67%
for the self employed. Overall willingness to buy epensive eco-friendly products is
only 45%.
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Table No. 6 Income and Willingness to Buy Expensive Eco-friendly Products
Graph No. 6 Relation between Income and Willingness to Buy Expensive Eco-
friendly Products.
INCOME LEVELS
The above graph shows the trend with respect to overall willingness to buy expensive
eco-friendly products. On an average 53% of the respondents expressed their
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willingness to buy expensive eco-friendly products. 50% of people having an income
between 30,000 – 50,000 show willingness to buy expensive eco-friendly products
while 41.7% and 40% of people having an income between 1 – 10,000 and 10,000 –
30,000 respectively show willingness to buy expensive eco-friendly products.
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Table No. 7 Awareness of Eco-Friendly Products and Preference For Eco-
Friendly Products.
AWARENESS OF ECO-
FRIENDLY PRODUCTS
Here again we find that out of the 74 respondents who are aware of eco-friendly
products 67 i.e., 90 % show preference for eco friendly products. And out of the 24
respondents who are not aware of these products 18 of them are still willing to buy
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eco-friendly products. On an average 87 % of the respondents shows willingness to
buy eco friendly products.
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CHAPTER 5: LEARNING OF STUDENTS
5.1 FINDINGS:
1) From Q.1) Researcher Found that, the Green marketing means the
production of Non toxic or least harm materials which can be recycled or
reused and made up of renewable materials.
2) From Q.2) Researcher Found that, firms which are using Green
marketing must apply the rules and regulations for the environmental safety
and they should overcome challenges like, use of meaningful terms and
pictures, ensure negative factors are taken into consideration, mention the
explanation that how benefits are achieved, should clearly state the
environmental benefits.
3) From Q.3) Researcher Found that, firms should adopt the things which
are eco-friendly and can be recycled and the grab the opportunities,
whether it can be about packaging, production of materials or any other.
4) From Q.4) Researcher Found that, the Golden rules of Green marketing
are for firms or companies which can protect them by common hidden or
unsuspected danger or difficulties. The Golden rules are,
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c) Be transparent: Consumers must believe in the legitimacy of your
product and the specific claims you are making.
5) From Q.5) Researcher Found that, Financial gain and economic profit
are the main aim of any corporate business. However, harm to environment
cost by sustain business across the globe is realized now though off late.
This sense is building corporate citizenship in business class. Issues like
global warming and depletion of ozone umbrella are should be reduced. So
green marketing by the business class is the selfish anthological perspective
of long-term sustainable business and to please the consumer and obtain the
license by the Government. Many companies are adopting it by adding eco-
friendly features in their product.
6) From Q.6) Researcher Found that, the Green Product CERT system
adopts Cradle to Cradle approach for evaluation, at par with international
Standards. The Green Products Certification adopts a holistic approach
based on the life cycle of the product. The certification system encourages
the product manufacturers to implement Green measures in all phases of
the product e.g. Product Design, Raw Materials, Manufacturing Process,
Product Performance during use, Recycling or disposal.
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CHAPTER 6: RECOMMENDATIONS BY THE STUDENT
6.1 RECOMMENDATIONS:
A very exhaustive study has been made, keeping in the essence of the objectives
of the project. With the efforts put on the project a detailed analysis was
conducted and result were derived, based on the results and market response
few suggestions are discussed below.
First and foremost, a good green marketing program is one that either: adds
renewables that would not already be added or supports renewable projects that
might not otherwise continue to operate. If these things are already happening
and being paid for by all, then the program doesn't meet the bottom-line test:
green marketing programs must make a difference.
1) A sign of a good green marketing program is one that has strong links to local
environmental groups and that achieves broad support among regional and
national groups with an interest in promoting renewable power.
2) A green marketer that is seriously interested in greening the electric system
will have a program that is linked to a larger vision and a strategic plan for
making renewables an increasingly larger part of the generation mix.
3) For green marketing programs to be successful in the long run, they should
both improve the environment and be fair to consumers. Prices should not be
excessively higher than the actual cost of the resources in the portfolio. This is
particularly true for green pricing programs, which are scrutinized by
regulators, and in imperfectly competitive markets, because in these cases,
there is no real competition in the green market. In markets that are vibrantly
competitive and in which consumers have good information, this is less of a
problem since lower-cost providers can compete to displace those providers
charging excessive prices.
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Green marketing is offering a number of significant benefits to
Indian Market:
1. Marketers get access to new markets and gain an advantage over competitors
that are not advocating “greenness.”
2. Marketers can charge a premium on products that are seen as more eco-
responsible.
4. Green marketing builds brand equity and wins brand loyalty among
customers.
5. However, green marketing poses huge dangers for marketers if they get it
wrong:
6. Most customers choose to satisfy their personal needs before caring for the
environment.
8. Many customers keep away from products labelled “green” because they see
such labelling as a marketing gimmick, and they may lose trust in an
organization that suddenly claims to be green.
9. Green marketers need to find out the value their customers place on green
benefits. It is important that they position the product on the basis of the
functional need it caters to and then talk about the additional benefits of
greenness.
10. Marketers need to find out whether, by adopting green marketing, their
organizations will be perceived as more socially responsible. They need to
know whether their customers understand the benefits of green products and
value them enough. If they do not, then the marketers may also need to invest
in customer education in order to make their marketing efforts successful.
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7.1 CONCLUSION:
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7.2 SCOPE OF FURTHER STUDY:
1. It is predicted that the future markets would be directly linked to the development,
transfer and implementation of eco-friendly technologies, referred to as Environment
Technologies, (ET). All kinds of ET are available now.
3. In order to develop goods that can appeal to the consumer, reasonably affordable
prices and environment-friendly products causing minimal damage are required. In
order to reflect an image of high quality, environment sensitivity and hence
production of products compatible with environment are required.
4. Company should be aware of their responsibilities towards the environment and the
society in the same way as towards clients, shareholders and employees. Climate
change, environmental issues and social problems will challenge the leaders of future
generation for taking efficient and comprehensive decisions. In the process of taking
these decisions, the priority of business people should be based on the principal of
protecting the environment rather than profitability of the business.
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References
Aggrawal A, Choudhary R. & Gopal R., 2010, Addressing Green Myopia by
Bundling Technology with Awareness in Emerging Economies: Some Learning
from failure stories in India. Managing Business Organisations, Knowledge and
the External Environment. Macmillan Publication. New Delhi
Chris Ely, (2010) What Green Means to Consumers & the Industry. Dealerscope.
Philadelphia: Mar 2010. Vol. 52, Iss. 3; p. 26
Peter Aldhous (2010) Exposed: green shoppers' dirty little secrets New Scientist.
London: Vol. 205, Iss. 2753; pg. 11
Miller, Cyndee (1993), "Conflicting Studies Still Have Execs Wondering What
Data to Believe," 7 June, 1993 1 + 12.
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Ottman J A, Edwin R. Stafford, and Cathy L. Hartman, (2006), Green Marketing
Myopia, Environment. Heldref Publications, Volume 48, Number 5, pages 22—36
Nancy E. Furlow (2010) Nancy E Furlow. The Journal of Applied Business and
Economics. Thunder Bay: Mar 2010. Vol. 10, Iss. 6; pg. 22, 4 pgs
Antil John H (1984), "Socially Responsible Consumer: Profile and Implications for
Public Policy", Journal of Macromarketing, Vol. 5, No. 2, pp. 18-39.
Arbuthnot Jack (1977), "The Roles of Attitudinal and Personality Variable in the
Prediction of Environmental Behavior and Knowledge", Environment and
Behaviour, Vol. 9, No. 2, pp. 217-232.
Buttel F H and Flinn W L (1978), "Social Class and Mass Environmental Beliefs:
A Reconsideration", Environment and Behavior, Vol. 10, No. 3, pp. 433-450.
CUTS (Consumer Unity and Trust Society) (1997), "Concept Testing of Green
Consumption", A Study for the Ministry of Environment and Forests, Government
of India, New Delhi.
Das R P and Nath Vikas (2003), "Environment Marketing in Indian Fast Food
Industry: A Study", Paradigm, Vol. 7, No. 2, pp. 117-125.
Jain Sanjay K and Kaur Gurmeet (2004), "Green Marketing: An Attitudinal and
Behavioural Analysis of Indian Consumers", Global Business Review, Vol. 5, No.
2.
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Websites
1. www.Sbinfocanada.about.com/cs/environmentbiz/a/sustaindevelop.htm
2. www.coolavenues.com/mba-journal/marketing/green-marketing-opportunities-
challenges?page=0.1
3. www.Indianmba.com/Faculty_Column/FC623.html
4. www.usatoday.com/money/advertising
5. http://e-articles.info/e/a/title/Green-Marketing/
6. www.businesspundit.com-
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Annexure
It is important to me that
the products I use do not
harm the environment.
I am concerned about
wasting the resources of
our plant.
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3. In the next five years, state of the environment will be degraded more?
a.
b.
c.
d.
e.
f.
g.
h.
Sr. No. 1 2 3 4 5
1 Destruction of Ozone
4 Pesticides on Food
5 Hazardous Waste
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7 Warming up of Earth
8 Ocean Contamination
9 Endangered Species
a. Yes
b. No
7. Can you name advertisement of green products you have seen in recent past?
a.
b.
c.
d.
8. Out of above mentioned advertisement, which advertisement you like the most?
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10. From where you get the information about Green marketing Practices?
Television
Newspaper
Magazines
Radio
School/Universities/Institutions
Outdoor Media
4 Celebrity Endorsement
Definitely Not Buy Probably Not Buy Not Sure Probably Buy Definitely Buy
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13. Following factors affect the purchase of green products?
Product Price
Availability of Green
Products
Past Experience
Information provided on
product
14. Are you aware of some initiatives taken for promoting green practices by the following?
1 Ministry of Environment
2 State Government
3 NGO’s
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