Marketing Principles: Sustainable Offering and Environmental Analysis
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This report discusses the sustainable offering of Peace Boat and its environmental analysis. Includes PESTLE and SWOT analysis. Market and customer analysis also discussed.
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Running head: MARKETING PRINCIPLES MARKETING PRINCIPLES Name of the Student Name of the University Author Note
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1MARKETING PRINCIPLES Introduction The main aim of this report will be to discuss about the stainable offering which will be capable enough of being marketed in an effective and efficient way. The idea chosen to be discussed in this topic is the peace boat project, and their various kind of voyages. The profile of the sustainable offering will be discussed, along with the environmental analysis, which will include a PESTLE analysis and a SWOT analysis. An analysis will also be done on the market and customer, where the organization is operating their business. This will help the organization to evaluate the market on where they are operating, which will help them to strategize their plans to maintain the sustainability in the business environment. Profile of Sustainable Offering Peace Boat was established in the year 1983 as a Japan-based Non-Governmental Organization which operates worldwide. It has headquarters in Tokyo with five more centers across Japan and a sister organization in New York too. The main work of Peace Boat is to promote sustainability, peace and human rights. This organization carries out most of their activities with the help of a passenger ship which travels around the world. Some of their activitiesincludestrengtheninglocalcapacityforsustainableliving,empoweringthe participants and also building up cooperation among people across the borders. Peace Boat is committed to provide a cleaner and more sustainable world through their sustainable cruise ship named Ecoship. In order to perform advocacy and carry out actions for respect and sustainability of the environment, it has built partnership with the United Nations as well as some local organizations. The following are a few offerings by Peace Boat for one step towards sustainability: Voyage of Light– this program, in partnership with Liter of Light, was organized to bring solar lights throughout the world and spread some awareness regarding energy
2MARKETING PRINCIPLES poverty. The participants were taught how sustainable solar lights can be made. Solar lamp building workshops were also conducted to foster capacity building in the communities. The Ocean and Climate Youth Ambassadors Program– Youth leaders were brought from SIDS for spreading awareness on marine degradation and climatic changes. Galapagos Forest Revitalization Project– the precious Galapagos island is under threat due to fast development and new species settlements. Peace Boat works with Charles Darwin Foundation to plant native species like Scalesia. PeaceandGreenBoatVoyages-PeaceBoatworkswithKorea'slargest environmental group, the Green Foundation, for providing sustainable lifestyles and acknowledge local environmental issues. Ecoship– It will be the future platform for creating awareness, exhibiting green technology and conducting researches on climate and environment(Peace Boat 2019). Environmental Analysis The environmental analysis includes the PESTLE analysis as well as SWOT analysis of the organization of Peace Boat, which are described as follows: PESTLE Analysis Political Factor– As the ship travels the whole world, it need to consider the political regulations of the places through where they are travelling. Their operation also depends on the political stability of the government of Japan and other countries, along with the social welfare policies of the nations.
3MARKETING PRINCIPLES Economic Factor– The financial up and down affects the business of Peace Boat, and they have to look after the axes and interest rates of their home country of Japan, along with the nations through which they are voyaging. Social Factor– The social factors include all the people and their diverse culture of the society of Japan along with the places through which they are moving. The demographics of the population of the places, social mobility and alterations in the lifestyle of the people affects the operations of Peace Boat. Technological Factor– The spending in the innovations like methods of reaching to the people to spread their work involves in this factor. New ways need to be considered to maintain the sustainability of the organization. Environmental Factor– Peace Boat have to maintain the balance of the ecosystem while voyaging from one part of the world to the other. Legal Factor– The legal framework involves the health and safety standards along with the occupational health and safety practices(Zalengera et al 2014). SWOT Analysis STRENGTHSWEAKNESSESOPPORTNITIESTHREATS Tie-Up with United Nations Less Scope of Funding Sustainable TourismAdditional Cost Collaboration with International Partners Limited ResourcesAttraction of Global People Political Instability (Gürel and Tat 2017)
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4MARKETING PRINCIPLES Market and Customer Analysis The market includes the places where the ships are covering their trips, along with the market of Japan, from where the organization belongs.As the organization carries out most of their activities with the help of a passenger ship which travels around the world, it will involve all those markets and their people. Thecustomeranalysisincludesstrengtheningthelocalcapacityrequiredfor sustainable living, empowering the participants and also building up cooperation among people across the borders. The requirement of the people is analyzed and Peace Boat structures their plans accordingly (Brécard 2014).
5MARKETING PRINCIPLES References Brécard, D., 2014. Consumer confusion over the profusion of eco-labels: Lessons from a double differentiation model.Resource and energy economics,37, pp.64-84. Gürel, E. and Tat, M., 2017. SWOT analysis: A theoretical review.Journal of International Social Research,10(51). Peace Boat. (2019).Projects. [online] Available at: https://peaceboat.org/english/project/ [Accessed 31 Aug. 2019]. Zalengera, C., Blanchard, R.E., Eames, P.C., Juma, A.M., Chitawo, M.L. and Gondwe, K.T., 2014. Overview of the Malawi energy situation and A PESTLE analysis for sustainable development of renewable energy.Renewable and Sustainable Energy Reviews,38, pp.335- 347.