Preview

Marketing Is Everything

Good Essays
Open Document
Open Document
527 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Marketing Is Everything
Marketing is everything
Regis McKenna, Harvard Business Review
January-February 1991

* “Technology is transforming choice, and choice is transforming the marketplace.” * “Technology has moved into product, the workplace, and the marketplace with astonishing speed and thoroughness.” * “The defining characteristic of this new technological push is programmability.” * “These new customers don’t know about the old rules, the old understanding or the old ways of doing business- and they don’t care. What they care about is a company that is willing to adapt its product or services to fit their strategies. This represents the evolution of marketing to the market-driven company.” * “These organizations focused their energy on changing customers’ mind to fit the product – practicing the “any color as long as it’s black” school of marketing.” * “As technology developed and competition increased […] these company expressed a new willingness to change their product to fit customers ‘requests-practicing the “tell us what color you want” school of marketing.” * “The alternative of this old approach is knowledge-based and experience-based marketing.” * “In a time of exploding choice and unpredictable change, marketing-the new marketing-is the answer.” * “[…] credibility becomes the company’s sustaining value.” * “Relationships are the key, the basic of customers choice and company adaptation.” * “In the 1990s, marketing will do more than sell. It will define the way a company does business.” * “Marketing today is not a function, it is a way of doing business.” * “Successful companies realize that marketing is like quality-integral to the organization.” * “Marketing ‘s ultimate assignment is to serve customers’ real needs and to communicate the substance of the company.” * “The real goal of marketing is to own the market-not just to make or sell products.” * “Leadership is ownership.” * “[…] relationships in

You May Also Find These Documents Helpful

  • Powerful Essays

    Vargo, Stephen L. and Robert F. Lusch (2004a), “Evolving to a New Dominant Logic for Marketing,” Journal of Marketing, 68 (January), 1-17.…

    • 4772 Words
    • 17 Pages
    Powerful Essays
  • Better Essays

    References: Zyman, S. (2000). The end of marketing as we know it. New York: HarperCollins.…

    • 1449 Words
    • 6 Pages
    Better Essays
  • Better Essays

    So, the marketer is bound to face many challenges as new companies and new improved products make their entry on the market, the availability of new services brought about by latest technology and the price reduction entailed in the process. The battle for conquering new…

    • 5258 Words
    • 22 Pages
    Better Essays
  • Satisfactory Essays

    During this week one we learned that “Marketing is the performance of activities that seek to accomplish an organization’s objectives by anticipating customer or client needs and directing a flow of need-satisfying goods and services from producer to customer or client” (Perreault, Cannon, and McCarthy, 2009, p.6).…

    • 507 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Marketing is a function within in a business that has become increasingly important over the years. Long before the growth of the web , it was essential for businesses , if they were to compete successfully , to think about how their products would meet the needs of the people who might buy them. If they failed to do this , people would stop buying the products.…

    • 918 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    In order to respond most effectively and efficiently to changing world, marketers must have a clear understanding and accurate picture of the directions those changes are taking. Such a picture cannot emerge without a consideration of the evolving nature of business and consumers. The emergence of both enormous technological advances and excessive supply make the prediction of what will happen in the next few years to business in general and the communications business in particular both very easy and very difficult. Very easy because we know that things will have to adapt to the new opportunities and the fact that the customer is king, Very difficult because the things we have grown used to trusting appear to be changing so fast that we cannot understand them anymore, and the approaches that we thought were acceptable to consumers are not so welcome. Much has changed in the way that traditional communications about brands the development of the internet and the World Wide Web has changed the needs of business, and the speed of business. Internet also speeded up the transmission of information around the world that as new approach to products,…

    • 3317 Words
    • 14 Pages
    Powerful Essays
  • Best Essays

    Times have changed and needs have changed. Our customers needs have changed. As the economy grows our customers have more options of who to buy from. Our employees have more options as to which companies to work for. We want to be the company consumers want to buy from and the company that people want to work…

    • 2930 Words
    • 12 Pages
    Best Essays
  • Good Essays

    Ibus2101

    • 3720 Words
    • 15 Pages

    -Do not presume that marketing means giving what consumers want rather focus on what they would like…

    • 3720 Words
    • 15 Pages
    Good Essays
  • Powerful Essays

    When markets are expanding, we often assume we don’t have to think imaginatively about our businesses. Instead, we seek to outdo rivals simply by improving on what we’re already doing. The consequence: We increase the efficiency of making our products, rather than boosting the value those products deliver to customers. Myth 2: There is no competitive substitute for our industry’s major product. Believing that our products have no rivals makes our companies vulnerable to dramatic innovations from outside our industries—often by smaller, newer companies that are focusing on customer needs rather than the products themselves.…

    • 4718 Words
    • 19 Pages
    Powerful Essays
  • Good Essays

    A customer is most likely always satisfied from a product or service that meets their wants and needs. Corporations in the market today have a marketing strategy that is driven by their customers—customers want it, companies will give it to them. Mckenna clarifies that, “What they [customers] do care about is a company that is willing to adapt its products or services to fit their strategies. This…

    • 1510 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Define Marketing Paper

    • 967 Words
    • 4 Pages

    The text states that marketing is both an art and a science where constant tension exists between the formulated and creative sides. At its essence, marketing is about "identifying and meeting human and social needs". It encompasses both a set of actions which seek to identify customers' needs as well as a social process of establishing a relationship with the customer to buy their products; this relationship is vital to the long term success for a company and a critical part of the marketing equation (Kotler & Keller, 2006).…

    • 967 Words
    • 4 Pages
    Good Essays
  • Best Essays

    “The marketing concept and philosophy states that the organization should strive to satisfy its customers ' wants and needs while meeting the organization 's goals.” (Henley, 2015)…

    • 1554 Words
    • 5 Pages
    Best Essays
  • Powerful Essays

    Marketing Principles

    • 4269 Words
    • 18 Pages

    “Marketing is an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders”(AMA,…

    • 4269 Words
    • 18 Pages
    Powerful Essays
  • Powerful Essays

    Marketing Is Everything

    • 7716 Words
    • 31 Pages

    he 1990s will belong to the customer. And that is great news for the marketer. Technology is transforming choice, and choice is transforming the marketplace. As a result, we are witnessing the emergence of a new marketing paradigm - not a "do more" marketing that simply turns up the volume on the sales spiels of the past but a knowledge- and experience-based marketing that represents tbe once-and-for-all death of the salesman. Marketing 's transformation is driven by tbe enormous power and ubiquitous spread of tecbnology. So pervasive is technology today tbat it is virtually meaningless to make distinctions between technology and nontecbnology businesses and industries: tbere arc only tecbnology companies. Tecbnology has moved into products, the workplace, and the marketplace with astonishing speed and thorougbness. Seventy years after tbey were invented, fractional borsepower motors are in some IS to 20 bousebold products in tbe average American home today. In less than 20 years, the microprocessor has achieved a similar penetration. TWenty years ago, there…

    • 7716 Words
    • 31 Pages
    Powerful Essays
  • Satisfactory Essays

    Customers want more choice, more for their money, better quality products, transformation in “value”, importance of branding, classical marketing approach threatened…

    • 871 Words
    • 4 Pages
    Satisfactory Essays