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MARKETING ASSIGNMENT - CUTCO ARTICLE
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Read the following case study and then answer the question which follows: CUTCO Corporation, the largest manufacturer and marketer of high-quality kitchen cutlery and accessories in the United States and Canada, celebrated its 60th anniversary in 2009. Over 100 kitchen cutlery products are sold under the CUTCO name as well as a variety of kitchen gadgets, utensils, and flatware. The company also carries a line of cookware, sporting/pocket knives, and garden tools. Boasting over 15 million satisfied customers and annual sales of over $200 million, CUTCO's commitment to quality and innovation is evident throughout the manufacture and marketing of company products. CUTCO stands behind each and every product with a FOREVER satisfaction guarantee. The guarantee has four components:
- FOREVER Performance Guarantee
- FOREVER Sharpness Guarantee
- FOREVER Replace Service Agreement for Misuse or Abuse
- 15-Day Unconditional Money Back Guarantee
- Implemented computer power management--estimated savings of $41,000 annually.
- Turned off center row lighting on one floor of administration building--estimated savings of $7,500 annually.
- Created a recycling program to collect plastic, glass, aluminum, and tin cans as well as reuse or recycling of Cutco product components--all resulting in a 26 percent decrease in trash from all CUTCO facilities.
- Set company printers to automatically duplex; departments switched to two-sided reports--paper use decreased by 27 percent.
- Printed company newsletter on 50-percent recycled paper
- Encouraged its 75 employees to bring their own reusable plates, cups, and utensils to the Christmas lunch--resulting in only two bags of garbage from the party.
Your memo should address the following questions:
- What are true green initiatives versus "greenwashing" ideas?
- What are the ethical and societal issues involved in green initiatives?
- How have other organizations approached the issue of green initiatives?