4.18.24 Movement Legacies, Reflection, and Review.pptx
15938 3 green product development ppt
1.
2. Addresses environmental issues through product
design and innovation.
significant attention from customers, industries, and
governments around the world.
Originally proposed at the American Marketing
Association first conference on ecological marketing in
1975
Businesses view the global environmental problems as
business opportunities.
Successful businesses not only meet the world's
needs, but anticipate them.
Delivering eco-friendly, market-leading products is a
key driver in today’s competitive environment.
strategy to achieve cost savings through energy and
waste reduction.
It offer a competitive advantage to their brands .
3. Increasing demand for oil and natural gas
Increasing effects of climate change
Lack of access to clean water
Industrialization
Usage of natural resources
4. Delivering eco-friendly, market leading
products
Adoption of the software, Invention
Machine Gold fire to drive their green
initiative
Green product development and energy
programs
Addressing emission and waste control
5. Sample projects:
Magnet created Siphon Flush. The toilet valve can save more than 11 million
gallons of wasted water a day. Magnet credits Goldfire with accelerating time-to-
market by 30 percent, cutting development costs by 65 percent. And, the Siphon
Flush has 50 percent fewer parts than traditional toilet valves, making it eco-
friendly.
A $10B convenient foods company discovered corn-oil replacement.
Shell developed next generation bio-fuel production methods leveraging sea
algae.
Leggett & Platt patented and developed a Semi-fold Box Spring that delivers
Green impact to logistics (small compact units, when folded, are easier to ship
resulting in more units per shipment, lower transportation costs, and a lower
carbon footprint).
JohnsonDiversey, a $3 billion specialty cleaning solutions company, is
responding to the market’s demand for sustainable offerings is by using
Invention Machine’s innovation software. One such offering at JonsonDiversey
resulted in a sustainable and biodegradable intelligent dispensing system that
generated tens of millions of dollars in revenue and continues to drive double
digits growth over the last five years.
6. Reduce / Reuse Green House Gases
(GHG)
Reduce Energy Consumption
Reuse Resources
Use Eco-Friendly Materials
Reduce Product Size & Weight
Save Scarce Resources like Water
7. Promote good indoor air quality
Durability, and low maintenance requirements
Incorporate recycled content (post-consumer and/or post-industrial)
They are made using natural and renewable resources
Low "embodied energy" (the energy required to produce and transport
materials)
Do not contain CFCs, HCFCs or other ozone depleting substances
Do not contain highly toxic compounds, and their production does not
result in highly toxic by-products
Obtained from local resources and manufacturers
For wood or bio-based products, they employ "Sustainable Harvesting"
practices
Can be easily reused
Can be readily recycled
Biodegradable.
8. Left: Recycled cotton/polyester Latex paint can be sent to a paint
insulation and cellulose insulation recycler and reprocessed into quality
are viable alternatives to hazardous paints.
fibreglass insulation.
Sustainably harvested wood flooring
9. Incorporates a broad range of activities, including
product modification, changes of the production
process, packaging changes, as well as modifying
advertising.
Environmental protection and resource
conservation.
Balance in division of responsibility
Green marketing came into prominence in the late
1980s and early 1990s.
10.
11. The green products still lag the
conventional products in every category.
Psychological factors
Price
Poor positioning and distribution
12. better understand consumer and market
dynamics
get the value proposition right
enhance your green credibility to improve
brand image
optimize the marketing mix
have realistic expectations
13. Sustainability through energy management,
environmental compliance , Lead and other hazardous
substance free products, effluent control, waste
management and recycling .
The increasing political and social demand for a more
sustainable society-affecting the way products need to
be designed, manufactured, used and also disposed off.
Driving sustainability by leveraging PLM for driving
GREEN.
Confusion in the marketplace.
Marketers sometimes take advantage of this confusion,
and purposely make false or exaggerated "green"
claims- Green washing.
14. According to market researcher Mintel, about 12% of
the U.S. population can be identified as True Greens,
68% as Light Greens.
In 1989, 67 percent of Americans stated that they
were willing to pay 5-10 percent more for ecologically
compatible products.
1991, environmentally conscious individuals were
willing to pay between 15-20 percent more for green
products.
2009, agreed to pay up to 40 percent more for a
product which had been proven to be green.
15. Environmental appeals are actually growing in number–the
Energy Star label, for example, now appears on 11,000
different companies'[ models in 38 product categories, from
washing machines and light bulbs to skyscrapers and homes.
The growing popularity of green building programs- increase
demand for green products.
Despite the growth in the number of green products, green
marketing is on the decline as the primary sales pitch for
products.
A high percentage of consumers (42%) feel that environmental
products don’t work as well as conventional ones.
New reports, however show a growing trend towards green
products.