Post on 12-Sep-2014
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Sustainability and Entrepreneurship
Week 5
Green Business Administration Marketing to Conserving Customers
• Cultural Creatives– 50 million people changing the world
• Travel Green Wisconsin
• Seeking certified products– Energy Star & Fair Trade
www.ecopreneuring.biz & www.nmisolutions.com
Green Business Administration Marketing to Conserving Customers
Lifestyles of Health & Sustainability (LOHAS)
• Sustainable economy– Green building, renewable energy,
resource efficiency• Healthy lifestyles
– Organic food, personal care, supplements
• Ecological lifestyles– Ecotourism, ecological home products,
organic/recycled fiber• Alternative healthcare
– Naturopathy, complimentary medicine• Personal development
– Yoga, spas, mind, body & spiritwww.ecopreneuring.biz & www.nmisolutions.com
Green Business Administration Marketing to Conserving Customers
“7 Ps” of Marketing, not 4
1. Product– How do you treat nature,
vendors, employees?– Eliminate waste
2. Price– The premium goes to nature,
employees or community– Return on Environment
www.ecopreneuring.biz
Green Business Administration Marketing to Conserving Customers
“7 Ps” of Marketing
3. Place (distribution)– How can you showcase your community?
4. Promotion (PR & advertising)– Tell your unique story– Let your customers be your ad/PR agency
5. People– Go beyond “transactions”, create
experiences– Follow the “80-20 rule”
www.ecopreneuring.biz
Green Business Administration Marketing to Conserving Customers
“7 Ps” of Marketing
6. Partnerships– Networking (non-profits)
– Cause-related marketing
7. Purpose– Celebrate your passion & purpose
– Sell steak, not sizzle– Authentic & real deal
www.ecopreneuring.biz
Green Business Administration Money Matters
• Poor returns when investing in mutual funds – Age 25 - 64, for 40 years
Mutual fund company InvestorReturns 80% 20%Risk 0% 100%Capital 0% 100%
Source: Why we want you to be rich, by Donald Trump and Robert Kiyosaki
• Ecopreneurs invest for the future– Provide rich quality of life without exploiting people and
planet– Put money to work, rather than work for money
www.ecopreneuring.biz
Green Business Administration Drivers
Green Business Administration Drivers
Green Business Administration Drivers
1. Reduced recruiting costs
2. Reduced attrition costs
3. Increased employee productivity
4. Eco-efficiencies in manufacturing
5. Eco-efficiencies at commercial sites
6. Increased revenue - market share
7. Lower insurance & borrowing costs
… yielding a profit increase of +38%
-1%
-2%
+10%
-5%
-20%
+5%
-5%
RE
PU
TAT
ION
Green Business Administration Drivers
Green Business Administration Drivers
Green Business Administration Drivers SAP
SAP Sustainability Report
Web of RelationshipsTechnology, Information & Global Commons
• Knowledge & information society– Ideas and knowledge workers
• Innovation economy– Clean Tech or greentech breakthroughs– Durable economy where there is no waste– Service economy where there are no products
Oshkosh Corporation
Fire and Emergency Group Access Group Commercial Group Defense Group
Sustainability
• Lean Manufacturing Principles• Expanding Lean Concepts
– Energy efficiency– Lean office environment
Change people’s way of thinking and doing
Profitability of Sustainability
• Remanufacture of Trucks– Carcass– Tear Down Line– Reverse Assembly Process– Recycle / Reuse / Reduce
Each vehicle remanufactured saves on the use of natural resources and final vehicle disposal costs.
Vehicle Remanufacturing Process
Vehicle waiting to be disassembled
Classical environmental economics: a trade-off between cost of health and cost of pollution control
we‘ll do pollution control once we are rich enough to afford it. - Remember the Kuznets curve of pollution!
Carbon Footprint By Countrycolombia , 74; korea 23; china 77; us 2
Sustaibale Comsumption France
• France - SCP Sustainable Consumption Patterns & Waste
Sustaibale Comsumer Women
• Sustainable Consumer Models Women's Ways of Buying
Founding Farmers
• Green
• Good Business