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Presentation/PPT
27/08/2022
CUTCO Corporation: Going Green. Going Forward. 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 its 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 The company’s FOREVER guarantee ensures that CUTCO cutlery stays in the family for generations to come. Given this backdrop of the company’s high-quality product offering in difficult economic times, the company initiated a “going green” effort in 2008. Everyone, from individual consumers to corporate decision-makers, is talking about sustainability, going green, and reducing the carbon footprint. However, some companies’ efforts are more “greenwashing” than truly intended for the well-being of the environment. Greenwashing is what companies do (e.g., promotional efforts) to make themselves look more environmentally friendly than they really are. For the CUTCO Corporation, however, the plan is not for a “go-green project” or to engage in “greenwashing.” Rather, the company is instilling “going green” initiatives that, like the product’s FOREVER guarantee, stay with the company forever. In 2008, CUTCO Corporation’s marketing coordinator, Pam Bailey, was given the opportunity to create and coordinate a company-wide “Going Green” effort. The focus initially was the “low hanging fruit” (things that were easy to do). One year later, Bailey, the Green Team, and CUTCO Corporation had accomplished the following: • Implemented computer power managementâ€â€estimated savings of $41,000 annually. • Turned-off center-row lighting on one floor of administration buildingâ€â€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 componentsâ€â€all resulting in a 26% decrease in trash from all CUTCO facilities. • Set company printers to automatically duplex; departments switched to two-sided reportsâ€â€paper use decreased by 27%. • Printed company newsletter on 50% recycled paper. • Encouraged its 75 employees to bring their own reusable plates, cups, and utensils to the Christmas lunchâ€â€resulting in only two bags of garbage from the party. CUTCO Corporation’s “Going Green. Going Forward.” effort is part and parcel of the company’s internal processes, and the company plans to continually work toward going green. It is not holding itself up as a company that has “gone green,” nor is it touting its initiatives externally. Rather, like the CUTCO product, the results will speak for themselves.
Are there any particular market demographics that are more or less suitable to environmental sustainability initiatives?
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