Reinventing Marketing to Manage the Environmental Imperative – Article Review
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Reinventing Marketing to Manage the Environmental Imperative
In the article, “Reinventing Marketing to Manage the Environmental Imperative,” Kottler states, “With the growing recognition of finite resources and high environmental costs, marketers need to reexamine their theory and practices” (132). Additionally, because of the downturn in the economy, marketers have adjusted their strategies to compensate for consumers with limited disposable income. In the sustainability market, companies recognize such forces as globalization, cultural differences, the Internet, social media, brand proliferation, retail concentration, recession, and environmental issues.
Sustainability is a word often heard on this small island of Kauai. Sustainability also raises the question of whether or not future generations will be able to survive with resources that todays society continues to deplete. Some of the challenges facing todays society include atmospheric and climate changes, ozone layer depletion, soil degradation, air and water pollution, decreases in the various natural resources such as water, oil, and timber, to name a few. Global markets in the past operated on the assumption of utilizing these resources and relying on them for not disappearing. As a result, companies were not held liable or accountable for the cost to the damages caused to the environment such as pollution and natural resource depletion. Over-production and unnecessary consumption now add to these problems. For instance, before sustainability, consumers and businesses were not concerned the planet had infinite resources – inevitably, the emphasis of the market before environmental awareness issues was based on producing exclusively to suffice consumers thought that “*Quality of life and personal
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happiness increase with increased consumption and want satisfaction” ” (Kottler 132). The mindset has changed in the sustainability realm that these assumptions are not correct and in fact quality of life and happiness are not directly linked to their consumption of goods.
Why do companies need to change their marketing practices to adjust for this? There is a great deal of pressure from consumers to meet their demand for social responsibility. Studies have shown consumers will buy products that are labeled as environmentally responsible. In some cases people will pay more for these products. Many consumers have become accustomed to a lifestyle approach of “more is less”. Some due to environmental consciousness and some due to economic instability. Pressure is now upon producers to carefully decide what, how much, how to distribute and promote their products. In the age of social networking word of mouth can spread negative press on companys who are not employing environmentally friendly practices.