THE THREE P’S OF GREEN MARKETING - PEOPLE, PLANT AND PROFIT

At present in the Global Competition the organizations are showing greater interest towards Sustainable or “Green” marketing strategies. Sustainable or Green Marketing strategies is attributable to consumer sensitivity to environmental issues brought about by rising fuel prices, evidence of extensive ecological changes, and the tacit assumption that current consumption patterns place the planet's prolonged existence at risk. Traditional Green Marketing Strategies research investigates how industrial activities affect three key factors: The planet, people, and profits. Research has also found that consumers claim to be willing to pay more for sustainable goods and services and however green product failures abound in the marketplace. Research has found contradictory effects for demographic and psychographic variables on environmentally-friendly consumption behaviors.