Over the past decades, environmental sustainability has raised at the top of the international political agenda and has been recognized as a key driver of innovation. As a result, the number of ...companies developing green products has been rapidly growing and consumers have shown an increasing interest for these products. Thus, understanding the main characteristics of green products, identifying factors affecting their price and consumers' willingness to pay more for them, sales channels and promotional tools (the 4Ps of Green Marketing) would be very useful for companies aiming at designing, developing and marketing green products. For this reason, deeply understanding Green Marketing would foster, on the one hand, cleaner production through the development of green products and, on the other hand, sustainable consumption through the successful marketing of them. To this aim, this study reviews the body of knowledge on the topic, through a systematic review of the literature. Specifically, this paper analyzes: 1) the dominant definitions of Green Marketing (and related concepts) and their evolution over time, 2) the different steps to build a Green Marketing Strategy, and 3) the characteristics of Green Marketing Mix elements. After searching for academic publications in three databases (EBSCO, Scopus, and Web of Science) and selecting publications based on their relevance for the stated aims, 114 studies have been included in the review. Results show that the definition of Green Marketing has changed over time according to the growing relevance of environmental sustainability. Regarding the Green Marketing Strategy, several ways of segmenting consumers have been identified; studies converge in giving greater relevance to green brand positioning rather than to green product positioning and many of them see it as a chance of differentiation. Referring to the Green Marketing Mix, results show that: many types of green products exist; consumers are willing to pay a premium price according to products' functional attributes or their responsibility towards the natural environment; closed-loop supply chain and reverse logistics play a key role; a careful definition of advertisement contents is essential and ecolabels can be important tools. This study provides an in-depth analysis and synthesis of the body of knowledge so far produced in the field of Green Marketing and, as such, it has important implications for managers, scholars, and students.
•A systematic review of studies on Green Marketing is conducted.•The number of studies on the topic is growing fast over time.•Definitions of Green Marketing and related concepts are reported.•Features of Green Marketing Strategy steps are provided.•Characteristics of Green Marketing Mix elements are analyzed.
Green product innovation has been recognized as one of the key factors to achieve growth, environmental sustainability, and a better quality of life. Understanding green product innovation as a ...result of interaction between innovation and sustainability has become a strategic priority for theory and practice. This article investigates green product innovation by means of a multiple case study analysis of 12 small to medium size manufacturing companies based in Italy and Canada. First, we propose a conceptual framework that presents three key environmental dimensions of green product innovation such as energy minimization, materials reduction, and pollution prevention as identified in the life cycle phases of products. Based on insights gained from in-depth interviews, we discuss firms' motivations to develop green products, environmental policies and targets for products, different dimensions of green product innovation, and challenges faced during developing and marketing of green products. Results from the study are then synthesized and integrated in a toolbox that sheds light on various aspects of green product innovation and provides solutions to challenges and risks that are faced by firms. Finally, implications for managers, academia and public policy makers are discussed.
Environmental sustainability has become one of the key issues for strategy, marketing, and innovation. In particular, significant attention is being paid by companies, customers, media, and ...regulators to development and consumption of green products. It is argued that through the efficient use of resources, low carbon impacts, and risks to the environment, green products can be essential to help society toward the environmental sustainability targets. The number of green product introductions is rapidly increasing, as demonstrated by the growing number of companies obtaining eco‐labels or third party certifications for their environmentally friendly products. Hundreds of companies representing most of the industries, such as Intel, SC Johnson, Clorox, Wal‐Mart, and Hewlett–Packard, have recently introduced new green products, underlining the need to develop products that create both economic and environmental values for the firm and customers. A review of the literature shows that academic research on green product development has grown in interest. However, to date, only a few empirical studies have addressed the challenge of integrating environmental issues into new product development (NPD). Previous empirical works have mainly focused on a set of activities for the green product development process at the project level. After years of paying no or marginal attention to environmental sustainability issues, most of the companies now generally realize that it would require knowledge and competencies to develop green products on a regular basis. These knowledge and competencies can be varied, such as R&D, environmental know‐how, clean technology/manufacturing process, building knowledge on measuring environmental performance of products, etc., that may be developed internally or can be integrated through external networks. Adopting a resource‐based view of the firm, this article aims at (1) investigating the role of capabilities useful for companies to integrate knowledge and competencies from outside of the firm on green product development in terms of both manufacturing process and product design and (2) understanding whether green product development opens new product, market, and technology opportunities, as well as leads to better financial performance of NPD programs. To this end, a survey was conducted in two Italian manufacturing industries in which environmental issues are becoming increasingly important, namely textiles and upholstered furniture. A questionnaire was sent to 700 firms, and 102 useable questionnaires were returned. Results show that (1) companies engage in developing external integrative capabilities through the creation of collaborative networks with actors along the supply chain, the acquisition of technical know‐how, and the creation of external knowledge links with actors outside the supply chain; (2) external knowledge links play a key role in the integration of environmental sustainability issues into the manufacturing process, whereas capabilities such as the acquisition of technical know‐how and the creation of collaborative networks prove to be more important for integrating environmental issues into product design; and (3) the integration of environmental sustainability issues into NPD programs in terms of product design leads to the creation of new opportunities for firms, such as opening new markets, technologies, and product arenas, though not necessarily leading to improved financial performance of the NPD programs.
•A new adoption model for wearable technology is proposed and validated.•Factors affecting wearable technology adoption are identified and examined.•Healthology and complementary goods are added as ...novel determinants.•The perceptions of 383 actual smartwatch users are analyzed to test the model.
This study aims to deepen our understanding of the underlying factors affecting the intention to continue using increasingly popular wearable technology. A new theoretical model is developed and validated to extend traditional technology acceptance theories by identifying several value drivers of the continuous intention and actual usage of wearable devices. Hypotheses were tested using partial least squares path modeling on data collected from 383 actual smartwatch users. The results provide wearable device manufacturers with practical guidance for optimizing competition strategies. They also offer policy-making insights for practitioners to promote better wearable devices on the market, especially during the early stages of adoption.
Green products can play a key role in the achievement of sustainable development goals. Through a survey of 188 Italian companies with eco‐labeled green products, this study aims at understanding the ...relative importance of several motivations to develop green products, the influence of different motivations and firm characteristics on green product features (radicalness and differentiation), and which factors affect market performance of green products.
This study reports a ranking of 49 motivations, highlighting that the most relevant are related to the prospect of market benefits. Results also show that product radicalness and differentiation have partially different antecedents in terms of motivations, while being a family firm positively influences only product differentiation. With regards to factors affecting market performance of green products, prospect of market benefits, availability of new technologies, firm foreign ownership, product radicalness and differentiation show a positive influence, while firm age displays a negative effect.
