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Consumerconcernfortheenvironmenthasbeenincreasingsteadilyoverthepastdecade.
Currently,overhalfofglobalconsumerstakegreenfactorsintoaccountwhenmakingpurchasing
decisions.60
Euromonitor,GlobalSurveyDatabase(2012).Thissurveyincluded16,000onlineconsumersranging
inagefrom15toover65,livingineightmajormarkets:Brazil,China,France,Germany,India,
Japan,theU.K.andtheU.S.
Companiesknowthattheyhavetoshowhowtheirproductsandservicesfitintoanintegrated,green
andsustainableapproach.P19BDC
EthicalconsumptionisincreasinglyimportanttoCanadianconsumers;informationonunethical
businessandsourcingpracticesismoreeasilyaccessible,andconsumersusetheirwallettoinfluence
companiestoadoptmoreresponsiblepractices.
approximatelythreequartersofconsumers[indevelopedcountries]claimedtheywouldpaymorefor
productsorservicesfromasociallyresponsiblecompanywithethicalproductionpractices,suchas
childfreelabourMoreover,threein10saidtheywouldpayapremiumof15%andmoreon
productsguaranteedtobeethicallyfabricated,andthreeoutoffiveclaimedtheywouldbe
willingtopaya5%premiumormore.
Thisenvironmentalandsocialawarenessishavingagrowingimpactonsubtrends,suchas
buyinglocallysourcedproducts.
Consumerswanttoknowmoreabouttheenvironmentalimpactoftheirpurchases.Mosthavealready
integratedsomeenvironmentallyconsciousdecisionsintotheirroutines.Forexample,oneinfour
Americanssaytheysystematicallytakestepstomaketheirhomeorlifestylegreener,suchasrecycling,
weatherproofingtheirhome,usingecofriendlyproductsordrivingenergyefficientvehicles.p.20
permitpackagingreuse,maketheproducteasiertouse,andpreventmessesandspills.Peoplearound
theworldlikeecologicalpackaging,withconsumersconsistentlyselectingthisoptionasoneofthetop
twofeaturestheywouldbemostlikelytopayextrafor.67p.20
Market Research:
1. Customer segment
a. Consumers
b. Producers
2. Competitors
By segment
a. Customers
i. Physical shops (independent shops) FOOD: Whole
foods, Planet Organic Clothing: People tree
Expensive: Sergio Rossi
ii. Online (specialized)
b. Producers
Amazon, Wal Mart, Ebay
Sales & Marketing
Pricing Customers
Management
Operations
Risk
Assessment
No customer engagement (marketing, brand)
Poor quality sellers (certification & reviews)
Bad customer experience (certifications of distributors and
transport)
Market is not ready (marketing strategy)
Entry of new Competitors (brand and customer
relationship/loyalty)
Financial Plan