Greener Businesses
Business is often seen as the “bad guy” in environment matters because people feel that business will do anything to make a profit. Unfortunately, this is too often the case. Many businesspeople, in fact, believe that they cannot make a profit and be kind to the environment at the same time. However, it does not necessarily have to be this way. Using friendly, or “green,” and increase their profits at the same time. One such strategy that business use is known as “product differentiation”. This term means that a company advertises the fact that its product is different from others, similar products. A number of environmentally friendly companies have done this successfully. For example, in marketing their products, organic food companies emphasize the organic aspect. That is, they highlight the fact that no chemicals have been used to grow the food, and so it is better for consumers’ health and for the environment. These days, many consumers’ are looking for products that have no negative health or environmental effects. Another “green” business strategy that has been successful is waste reduction. Many companies have considered waste and pollution as a necessary part of the production process. They have done little to prevent either waste or pollution, unless there were laws that forced them to. However, other companies have realized that there are definite advantages to reducing waste and pollution. Less waste and less pollution means a more efficient production process the 3M Company in the United States is a good example of this. In 1975, it started a program that rewarded employees for the successful ideas about how to reduce waste and prevent pollution. This program has helped the company pollute much less and save more than a half a billion dollars.
What is a successful strategy that has been used by the organic food companies to increase marketing of their products?
Emphasizing the organic of food
Applying no use of chemicals in growing food
Highlighting on the consumer's demand
Focusing on the environment policy