ABOUT GREEN MARKETING According to the American Marketing Association, GREEN MARKETING is the marketing of products that are presumed to be environmentally safe It aids to reduce the origins of global warming It helps companies to use natural resources efficiently which in turn help in conserving energy Green marketing done by a company reflects the level of concern for the community 2 WHY CFL? 1. ENERGY SMART:- Compared to traditional lamps, Philips energy saving lamps use less energy to generate the same amount of light, last longer, and do not need to be replaced as frequently. 2. ECONOMICALLY SMART:- Are you aware that you can save up to 80% in home energy costs by using energy saving lighting? 3. ENVIRONMENTALLY SMART:- By simply switching over to energy saving lighting solutions, Europe can save an equivalent of 38 tons of CO2, 156 barrels of oil, and 52 power stations. WHY PHILIPS? Source: PROBLEM STATEMENT WILL GREEN MARKETING OFFER A SUSTAINABLE COMPETITVE ADVANTAGE TO PHILIPS CFL? BENEFITS This research will help us know the consumer buying behavior of Philips CFL It will also help us know about how much people are aware about the green factor of CFLs RESEARCH OBJECTIVES/QUESTIONS Whether people prefer to use Green Philips CFL or general product? Would people pay more for environment friendly Philips CFL? Does awareness play an important role in the purchasing decision of a consumer? SCOPE OF PROJECT DEMOGRAPHY : Hyderabad (Urban & Rural) Age Group : 18+ Users : Who all uses or have used bulbs or CFLs at their home RESEARCH METHODOLOGY A) Quantitative Sampling :- Primary Data : Electrical shops and places such as malls where we can find middle class and high class people and give them questionnaires to know about their awareness and preference regarding Phillips CFL Nearby areas (within 4 kms Radius from our college)where we can find rural people who use bulbs and CFLs
Secondary Data : Research papers, annual reports of Philips helped us in obtaining the secondary data for us. Certain links from the internet also helped us. Some of them are :
Changeship - Workbook: Building and scaling next generation businesses in the digital polypol: Purpose driven - Customer dedicated - Sustainability enabled