Marketing and Environmental Impact - Explained
How do we measure environmental Impact?
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How does Environmental Impact Affect Marketing?
Environmental impact is simply the effect of activities on the natural environment. Because nearly every business activity has an impact (some positive - but mostly negative), it is important to assess or measure the impact of those activities.
The information from these assessments or measurement will inform the decision-making process and the future actions taken. This is true in marketing as well as other areas of business practice. Marketing is tasked with growing the business; thus, many of the efforts of marketers have a direct environmental impact.
How to Measure Environmental Impact?
There are many methods for assessing environmental impact and many metrics or data to observe. Some common measurements include:
- Carbon Footprint
- Water Use
- Solid Waste
Positive measurement for environmental impact might include:
- Reforestation
- Preservation and Education Programs
- Recycling
Related Topics
- Marketing - Why is Growth Important?
- How We Judge the Value of New Ideas
- What is a Sustainable Competitive Advantage?
- What is Return on Investment?
- What is Time to Profit?
- Market Share
- Market Leader
- What is Product Development?
- What is Market Development?
- What is Market Penetration?
- New to Market
- What is Diversification?
- What is Competitive Advantage?
- What is Marketing Analytics?
- A B Split
- Data On-Boarding
- Cost Per Acquisition
- What is Customer Lifetime Value?
- Churn Rate
- Measuring Environmental Impact