Analysis of Corporate Green Marketing Strategy Based on PESTLE Model: A Case Study of Starbucks

Authors

  • Yixin Zhang

DOI:

https://doi.org/10.54097/2rbnwe57

Keywords:

Green marketing, Starbucks, PESTLE model, Environmentally friendly, Market

Abstract

The study analyzes and evaluates the external environment of green marketing strategy to provide a more in-depth, perfect, specific and timely reference for the strategic decisions implemented by current enterprises in green marketing. The research process utilizes the PESTLE model, taking Starbucks as an example, to analyze the enterprise's green marketing strategy from six aspects: political, economic, social, technological, legal and environmental. The study finds that while companies are facing a green transition trend and the market environment as a whole is pushing them to adopt green marketing strategies, there are still many uncertain risk factors in the current environment, especially in the economic aspect, so a “balanced” development strategy is crucial. This study hopes to provide an effective reference for companies in making green marketing decisions and to help them participate in the current global trend of green transformation and sustainability.

Downloads

Download data is not yet available.

References

[1] Peattie, K. (2001). Towards sustainability: The third age of green marketing. The marketing review, 2(2), 129-146. DOI: https://doi.org/10.1362/1469347012569869

[2] Nadanyiova, M., Gajanova, L., & Majerova, J. (2020). Green marketing as a part of the socially responsible brand’s communication from the aspect of generational stratification. Sustainability, 12(17), 7118. DOI: https://doi.org/10.3390/su12177118

[3] Dangelico, R. M., & Vocalelli, D. (2017). “Green Marketing”: An analysis of definitions, strategy steps, and tools through a systematic review of the literature. Journal of Cleaner production, 165, 1263-1279. DOI: https://doi.org/10.1016/j.jclepro.2017.07.184

[4] Ottman, J. (2017). The new rules of green marketing: Strategies, tools, and inspiration for sustainable branding. Routledge. DOI: https://doi.org/10.4324/9781351278683

[5] Correia, E., Sousa, S., Viseu, C., & Larguinho, M. (2023). Analysing the influence of green marketing communication in consumers’ green purchase behaviour. International Journal of Environmental Research and Public Health, 20(2), 1356. DOI: https://doi.org/10.3390/ijerph20021356

[6] McCright, A. M., Xiao, C., & Dunlap, R. E. (2014). Political polarization on support for government spending on environmental protection in the USA, 1974–2012. Social science research, 48, 251-260. DOI: https://doi.org/10.1016/j.ssresearch.2014.06.008

[7] Evans, D. (2011). Thrifty, green or frugal: Reflections on sustainable consumption in a changing economic climate. Geoforum, 42(5), 550-557. DOI: https://doi.org/10.1016/j.geoforum.2011.03.008

[8] Starks, L. T., Venkat, P., & Zhu, Q. (2017). Corporate ESG profiles and investor horizons. Available at SSRN 3049943. DOI: https://doi.org/10.2139/ssrn.3049943

[9] Franzen, A., & Vogl, D. (2013). Acquiescence and the Willingness to Pay for Environmental Protection: A Comparison of the ISSP, WVS, and EVS. Social Science Quarterly, 94(3), 637-659. DOI: https://doi.org/10.1111/j.1540-6237.2012.00903.x

[10] Roy, P., Ashton, L., Wang, T., Corradini, M. G., Fraser, E. D., Thimmanagari, M., ... & Misra, M. (2021). Evolution of drinking straws and their environmental, economic and societal implications. Journal of Cleaner Production, 316, 128234. DOI: https://doi.org/10.1016/j.jclepro.2021.128234

[11] Esty, D. C., & Winston, A. (2009). Green to gold: How smart companies use environmental strategy to innovate, create value, and build competitive advantage. John Wiley & Sons.

Downloads

Published

02-12-2024

Issue

Section

Articles

How to Cite

Zhang, Y. (2024). Analysis of Corporate Green Marketing Strategy Based on PESTLE Model: A Case Study of Starbucks. Frontiers in Business, Economics and Management, 17(2), 422-426. https://doi.org/10.54097/2rbnwe57