Reinventing Marketing to Manage the Environmental Imperative: Marketers Need to Re-Examine Their Theory and Practices

Topics: Natural environment, Environment, Environmentalism Pages: 3 (771 words) Published: September 2, 2011
Reinventing Marketing to Manage the Environmental Imperative

In the article, “Reinventing Marketing to Manage the Environmental Imperative,” Kottler states, “With the growing recognition of finite resources and high environmental costs, marketers need to reexamine their theory and practices” (132). Additionally, because of the downturn in the economy, marketers have adjusted their strategies to compensate for consumers with limited disposable income. In the sustainability market, companies recognize such forces as globalization, cultural differences, the Internet, social media, brand proliferation, retail concentration, recession, and environmental issues. Sustainability is a word often heard on this small island of Kauai. Sustainability also raises the question of whether or not future generations will be able to survive with resources that today’s society continues to deplete. Some of the challenges facing today’s society include atmospheric and climate changes, ozone layer depletion, soil degradation, air and water pollution, decreases in the various natural resources such as water, oil, and timber, to name a few. Global markets in the past operated on the assumption of utilizing these resources and relying on them for not disappearing. As a result, companies were not held liable or accountable for the cost to the damages caused to the environment such as pollution and natural resource depletion. Over-production and unnecessary consumption now add to these problems. For instance, before sustainability, consumers and businesses were not concerned the planet had infinite resources – inevitably, the emphasis of the market before environmental awareness issues was based on producing exclusively to suffice consumer’s thought that “•Quality of life and personal Maides-Carroll 2

happiness increase with increased consumption and want satisfaction” ” (Kottler 132). The mindset has changed in the sustainability realm that these assumptions are not correct...
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