Sust marketing strategy 3.1
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Transcript of Sust marketing strategy 3.1
Sustainability Marketing Strategy – Part 3
BA 442: SUSTAINABILITY
BEHAVIOR OF CONSUMERS, FIRMS,
AND SOCIETIES
IN TEAMS…..
Instructions: Go around the table and have everyone answer three questions about themselves.
1. Where did you grow up?
2. How many siblings do you have and where do you fall in that order?
3. Please describe a unique or interesting challenge or experience from your childhood.
Keep yourself clean and bright.
Become invaluable. Come to serve.Discipline.Listen.Speak well.
P3 x V x E = IP3: problem that you
are passionate or pissed off about
V: VisionE: Execution
I: Impact
Project:Solve a problem for your client that relates to a sustainability marketing challenge or opportunity
CONSULTING PROJECTS
Market Research…to understand a target group’s perspective, attitudes, and knowledge about a socio-ecological issue/aspect of a product or service.
TYPES OF PROJECTS
Product/Service redesign…conduct appropriate analysis and make recommendations to improve customer benefits and overall environmental/social impact of a product or service
TYPES OF PROJECTS
Promotional campaign design….conduct appropriate analysis and creative work to make recommendations on improving communications to (and with) target consumer/citizen (online, in-print, etc)
TYPES OF PROJECTS
Sustainability Marketing Values & Objectives
Sustainability Marketing Strategies
Sustainability Marketing Mix
Fostering Sustainable Behavior
ENVIRONMENTAL JUSTICE
Environmental justice is the fair treatment and meaningful involvement of all people regardless of race, color, national origin, or income, with respect to the development, implementation, and enforcement of environmental laws, regulations, and policies.
EPA has this goal for all communities and persons across this nation. It will be achieved when everyone enjoys:the same degree of protection from environmental and
health hazards, andequal access to the decision-making process to have a
healthy environment in which to live, learn, and work.
Source: US Environmental Protection Agency
ENVIRONMENTAL JUSTICE: A CHALLENGING PROPOSITION
How do we ensure that all people have the opportunity to be involved and to benefit from the creation of sustainable products and services?
Or….is sustainability just another way for the privileged to manage their health, their money and take care of their own thus widening the gap between the have’s and have not’s?
SUSTAINABILITY MARKETING STRATEGY
So how do we create and capture value from products and services that outperform competing offerings while maximizing benefits to people and the environment?
1.Screening Sustainability Issues and Actors
2.Segmenting Sustainability Markets
3.Introducing Sustainability Innovations
4.Positioning Sustainable Products
5.Partnering with Sustainability Stakeholders
SUSTAINABILITY MARKETING STRATEGY: MARKETING STRATEGIES
1.Screening Sustainability Issues and Actors
2.Segmenting Sustainability Markets
3.Introducing Sustainability Innovations
4.Positioning Sustainable Products
5.Partnering with Sustainability Stakeholders
SUSTAINABILITY MARKETING STRATEGY: MARKETING STRATEGIES
1.Screening Sustainability Issues and Actors
SUSTAINABILITY MARKETING STRATEGY: MARKETING STRATEGIES
Issues Actors
Socio-Ecological Issues of the Product/Service
Socio-Ecological Issues Important to your Stakeholders
Matrix Stakeholder Mapping
LCA
ISSUES ARE IDENTIFIED WITH THE SOCIO-ECOLOGICAL IMPACT MATRIX
Cultivation/Primary Processing
Roasting and Packaging
Distribution
Consumption & Disposal
EnergyAirWaterSoilWasteEcosystemsHealthEquity
High Impact Medium Impact
Key:
COFFEE
ISSUES ARE IDENTIFIED WITH THE SOCIO-ECOLOGICAL IMPACT MATRIX
Cultivation/Primary Processing
Roasting and Packaging
Distribution
Consumption & Disposal
EnergyAirWaterSoilWasteEcosystemsHealthEquity
High Impact Medium Impact
Key:
COFFEE
ISSUES ARE IDENTIFIED WITH LIFE CYCLE ASSESSMENT
1.Screening Sustainability Issues and Actors
SUSTAINABILITY MARKETING STRATEGY: MARKETING STRATEGIES
Issues Actors
Socio-Ecological Issues of the Product/Service
Socio-Ecological Issues Important to your Stakeholders
Matrix Stakeholder Mapping
LCA
ACTORS ARE UNDERSTOOD WITH STAKEHOLDER MAPPING
Stakeholder Influence
Main Interest
Students 2Health; convenience & cost; making a difference
Restaurants 5
Reliable, high quality ingredients; supporting local economy
Homeowners 3
Health; convenience & cost; supporting local economy
“jobs to be done”
Stakeholder Mapping can be done with issues, products, services or processes.
To practice, we will focus on a local/regional issue:
Choose an issue from the list OR come up with your own issue
Create a stakeholder map
LAB WORK: STAKEHOLDER MAPPING
Social Environmental• Student
poverty/homelessness• Racial discrimination/diversity• Students with disabilities• Relationship violence• Depression/mental health• Food security• Cost of college• Affordable housing
• Energy & climate change• Sustainable agriculture/local
food• Water contamination/water
security• Overdevelopment (loss of
natural lands/green space)• Air pollution• Waste/Recycling/Composting
1.Screening Sustainability Issues and Actors
2.Segmenting Sustainability Markets
3.Introducing Sustainability Innovations
4.Positioning Sustainable Products
5.Partnering with Sustainability Stakeholders
SUSTAINABILITY MARKETING STRATEGY: MARKETING STRATEGIES
Source: http://www.cottoninc.com/corporate/Market-Data/SupplyChainInsig
hts/Shades-of-the-Green-Consumer/
Source: http://www.greenmarketing.com/blog/comments/a-smart-new-way-to-segment-green-consumers/
GEOFF MOORE'S VALUE POSITIONING STATEMENT (BOOK:
CROSSING THE CHASM)
Template:For ____________ (target customer) who ____________ (statement of the need or opportunity)
our (product/service name) is ____________ (product category)
that (statement of benefit) ____________ .
GEOFF MOORE'S VALUE POSITIONING STATEMENT
Example:For non-technical marketers who struggle to find return on investment in social media
our product is a web-based analytics software that translates engagement metrics into actionable revenue metrics.
GEOFF MOORE'S VALUE POSITIONING STATEMENT
Example:For Penn State studentswho need to understand how businesses are engaging with sustainability
our product is a two-piece course sequence that makes clear the business case for sustainability and its connection to their major.
GEOFF MOORE'S VALUE POSITIONING STATEMENT
Example:For business owners/managerswho want to improve their understanding of sustainability and create business value
BA442 features student consulting teams that provide research, analysis and recommendations to businesses.
YOUR TURN
Template:For ____________ (target customer) who ____________ (statement of the need or opportunity)
our (product/service name) is ____________ (product category)
that (statement of benefit) ____________ .
1.Screening Sustainability Issues and Actors
2.Segmenting Sustainability Markets
3.Introducing Sustainability Innovations
4.Positioning Sustainable Products
5.Partnering with Sustainability Stakeholders
SUSTAINABILITY MARKETING STRATEGY: MARKETING STRATEGIES
Sustainability Marketing Values & Objectives
Sustainability Marketing Strategies
Sustainability Marketing Mix
Fostering Sustainable Behavior
Sustainability Marketing Values & Objectives
Sustainability Marketing Strategies
Sustainability Marketing Mix
Fostering Sustainable Behavior
1. Selecting Behaviors2. Identifying Barriers and Benefits3. Developing Strategies
1. Commitment2. Social Norms3. Social Diffusion4. Prompts5. Communication6. Incentives
4.Piloting5.Broad-scale Implementation
SUSTAINABILITY MARKETING STRATEGY: FOSTERING
SUSTAINABLE BEHAVIORS
Projects
The Problem with Marketing:
Socio-Ecological Problems
Sustainable Consumer Behavior
Sustainability Marketing Values & Objectives
Sustainability Marketing Strategies
Sustainability Marketing Mix
Fostering Sustainable Behavior
Goal of BA442:provide students with the knowledge to enhance sustainable behaviors in firms, among consumers, and in society at large.