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Index of Paper Presentations for the Parallel Sessions - Academy of ...

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This is particularly described in view <strong>of</strong> two factors viz., personal involvement and willingness to pay.IMPLICATIONSAs society becomes more concerned with <strong>the</strong> natural environment, businesses would begin to modify <strong>the</strong>ir behaviorin an attempt to address society's "new" concerns. Such newly introduced modifications become visible in <strong>the</strong> ef<strong>for</strong>ts<strong>of</strong> business organizations, which accept concepts like environmental management systems and waste minimization,and also integrate environmental issues into all organizational activities.Green marketing comprises <strong>of</strong> all those market related business activities which <strong>the</strong> firms undertake to create apositive impact or lessen <strong>the</strong> negative impact <strong>of</strong> <strong>the</strong>ir products on environment. Also, alternatively known asenvironmental marketing and sustainable marketing, it refers to organization‘s ef<strong>for</strong>ts at designing, promoting,pricing, and distributing products that will not harm <strong>the</strong> environment (Pride and Ferrell, 1993).Though, <strong>the</strong> reasonsto pursue green marketing are abound, but <strong>the</strong> extent to which <strong>the</strong>se ef<strong>for</strong>ts can gainfully be taken to <strong>the</strong> market andgiven a required scale, it depends upon environmental consciousness <strong>of</strong> <strong>the</strong> consumers.According to Bohlen et al., (1993), identification <strong>of</strong> <strong>the</strong> green consumer segment is very important to position <strong>the</strong>green product <strong>of</strong>ferings, or to communicate <strong>the</strong> environmental ef<strong>for</strong>ts. These green consumer segments are obtainedaccording to levels <strong>of</strong> environmental consciousness <strong>of</strong> consumers and pro-environmental purchase behavior andultimately <strong>the</strong>se ―greener‖ consumer segments can be targeted.

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