Preview

The Analysis of Marketing Concepts

Powerful Essays
Open Document
Open Document
1834 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Analysis of Marketing Concepts
The analysis of marketing concept

Marketing nowadays has occupied a more and more important position in organisations, even in the world 's economics. The success of an organisation may deeply affected by marketing. Inevitably, some arguments are formed along with the marketing development, such as 'it is argued that the marketing concept is a force, which should pervade the whole organisation and as such is an integral part of the strategic management process '. In this article, I would like to discuss the argument that I mentioned above.

The first part of my article is to identify and discuss the major pillars that support the marketing concept.

The definition of marketing is that 'marketing is a societal process by which individuals and groups obtain what they need and want through creating, offering, and freely exchanging products and services of value with others ' .(Philip, P9) But a leading management theorist named Peter Drucker says that ' there will always, one can assume, be need for some selling. But the aim of marketing is to make selling superfluous '. He describes that the aim of marketing is to get to know and understand the customers very well that the product or service fits for them and sells itself. Therefore, marketing should result in a customer who is ready to buy, then is to make the product or service available. Marketing concept means that marketing is not just about selling, it is also not a specialised activity. It encircles the entire business. It is the whole business seen from the point of view of the final result, that is, from the customer 's viewpoint. Therefore, Marketing 's concern and responsibility must permeate and pervade all areas of the organisation.

The major pillars that support the marketing concept are: customer orientation, integrated marketing and customer satisfaction.

Customer orientation is about customer needs and wants. To find out the customer orientation, one of the most important elements for



Bibliography: Kotler, P(2003) Marketing Management. International Edition.11th Edition. Prentice Hall Dennis,A. Ray.B(1995) Marketing Principles&Practice. 2ndEdition. Pitman publishing, London. Baker,MJ(2000) Marketing Strategy and Management. Macmilan. Peter Druker, Management: Tasks, Responsibilities, Practices(New York: Harper and Row, 1973), pp.64-65 Chapman, D&Cowdell, T(1998) New Public Sector Marketing. Pitman publishing, London. Sam Hill and Glenn Rifkin(1999), Radical Marketing, HarperBusiness. New York.

You May Also Find These Documents Helpful

  • Good Essays

    Mkt 421 Week 1 Paper

    • 673 Words
    • 3 Pages

    Marketing is often thought of as advertising and selling, but marketing encompasses more than just selling a product or service and advertising it to entice customers to make a purchase. Perrault, Cannon, and McCarthy (2009) defined marketing as "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" (p. 6). However, Kotler and Keller (2009) stated one of the shortest definitions is "meeting needs profitably" (p. 5). The author's definition of marketing includes all of the activities a business accomplishes to identify customers, products and services that will fill a void, targeting potential customers with advertising, delivering the products or services, and following through with quality customer service.…

    • 673 Words
    • 3 Pages
    Good Essays
  • Good Essays

    As a personal definition, marketing is a strategy to promote consumer awareness and positive feelings towards a brand or product in order to encourage the consumer to purchase or use that product. In more specific terms, the American Marketing Association (2012) defines marketing as “the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.” A simpler definition of marketing, as identified by the U.S. Small Business Administration (2012), are the activities and strategies that result in making products available that satisfy customers while making profits for the companies that offer those products. The key factor that all three definitions have in common is that the overall purpose of marketing is to appeal to consumers by showing them how a product or service can meet their needs and to influence them to purchase that product or service. A successful marketing strategy can catch a consumer’s attention and make the product or service stand out in a crowd of competitors who offer similar products.…

    • 813 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Unit 3 P1

    • 1803 Words
    • 8 Pages

    Marketing is the process of communicating the value of a product or service to customers for the purpose of sales. It is a critical business function for attracting customers. Marketing activities and strategies result in making products available that satisfy customers whilst making profit.…

    • 1803 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    B120 Tma04

    • 1036 Words
    • 5 Pages

    According to Schaefer A. (2012), there are three philosophies that comprise marketing orientation: Product orientation, production…

    • 1036 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Marketing is a key element to the success of every business for profit and non that expects to thrive in an ever changing economy with everyone competing for consumers business. In this paper marketing will be defined by the writer’s personal definition, based up what he thought it meant prior to reading chapters from week one and some minor research. Also, marketing will be defined by two different sources other than the writer. Based on the definitions an explanation of the importance of marketing in organizational success will be discussed and three examples from the business world will be given to support his explanation.…

    • 630 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Mkt 421 Marketing Paper

    • 800 Words
    • 4 Pages

    Marketing is about identifying and meeting human and social needs. Marketing is about meeting needs profitability. Marketing management is considered to some as an art and science of choosing target markets and getting, maintain, and increasing customers thorough creating, delivering, and communicating superior customer value (Kotler & Keller, 2009). Marketing can also be the act of buying and selling in a market or the commercial functions involved in transferring goods from the producer to the consumer. Marketing are the activities that direct a flow of goods and services from the manufacturer to the customers or consumers (Answers.com, 2010).…

    • 800 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Defining Marketing Paper

    • 1004 Words
    • 5 Pages

    Marketing is an important part of the business organization; it is more than just promoting and selling a product. Marketing is gratifying the changing needs of the customer. This can be best summed up by the very successful businessman Bill Gates when he quoted, "Your most unhappy customers are your greatest source of learning ". The purpose of this paper is to define marketing from at least two different sources; based on these definitions I will explain the importance of marketing in organizational success. Also, I will offer three examples from the business world of the importance of marketing to the organizational success.…

    • 1004 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    1.1- About Londonair: Londonair is a medium sized airline that employs some 1,500 people. Londonair's headquarters are located close to London's Stansted airport. Londonair are the fourth largest carrier in the European holiday market, carrying over 2,000,000 passengers annually.…

    • 3392 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    Marketing Strategies - OverviewThe marketing idea has been identified as 'the element to attaining company objectives' and the marketing idea depends on…

    • 1926 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Marketing can be defined as ‘the activity, set of institutions and processes for creating, communicating, delivering and exchanging offerings that have value for customers, clients, partners and society at large’ (American Marketing Association, 2007). From this definition it can be seen that marketing is the process by which an organisation communicates with customers to promote, create a sense of value and ultimately sell their concept or product (Gamble, Gilmore, McCartnan-Quinn and Durkan, 2011). As previously stated marketing is not a singular function but a process. This process consists of a four basic elements; identifying a want or need within a market; creating a strategy to market a product to fulfil this need; delivering and communicating value to the customer; and the retaining of customers through the maintenance of this perceived value (Kotler, Brown, Burton, Deans and Armstrong, 2010, pg. 6).…

    • 1523 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Marketing can be defined in many ways. My definition, though rather elementary, relates marketing to the promotion of products and services to consumers. However, the concept of marketing is not that cut and dry. According to Sheila Webber, “Marketing is the management process responsible for identifying, anticipating, and satisfying consumers’ requirements profitably” (2001). The definition seems to communicate that marketing is all about satisfying the client. The American Marketing Association defines marketing as “ the activity, set of institutions, and processes for creating communicating, delivery and exchanging offerings that have value for customers, clients, partners and society at large” (2007). This definition seemed more feasible as it encompasses every party involved with the manufacturing and presentation of the organization’s products and services. Whichever definition is chosen, marketing deals with the satisfying the needs and wants of the customer as well as turning a profit for the company.…

    • 769 Words
    • 4 Pages
    Better Essays
  • Better Essays

    The marketing concept's ultimate goal in essence is to satisfy an organisation's clientele, while at the same time enabling the company to survive and prosper. It stresses consumer-orientation in all facets of a company's operation. It also emphasises adoption of a cross-functional perspective so that everyone within the organisation can have some impact on the organisation's success in both the profitability and at the consumer level. (Zikmund / D'Amico 2002)…

    • 1286 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Introduction Marketing occupies an important position in the organization of business unit. Any business is likely to be successful when a strong marketing viewpoint or philosophy permeates the thinking and guides the decision and actions of everyone in the business. A business exists only to serve people, and marketing is the function that primarily determines -…

    • 2756 Words
    • 12 Pages
    Good Essays
  • Good Essays

    Outline the various marketing orientations a company may adopt and indicate which of their orientations are still relevant in today’s increasingly competitive world. Give examples to substantiate your arguments.…

    • 645 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The marketing concept holds that the key to achieving organizational goals consists of being more effective than competitors in integrating marketing activities toward determining and satisfying the needs and wants of target markets. The marketing concept rests on four pillars: target market, customer needs, integrated marketing, and profitability. Target market: No company can operate in every market and satisfy every need. Nor can it always do a good job within one broad market. Customer needs : Marketing is about meeting needs of target markets profitably. The key to professional marketing is to understand their customers’ real needs and meet them better than any competitor can. Some marketers draw a distinction between responsive marketing and creative marketing. A responsive marketer finds a stated need and fills it. A creative marketer discovers and produces solutions that customer did not ask for but to which they enthusiastically respond. Integrated Marketing: When all the company’s departments work together to serve the customer’s interests, the result is integrated marketing. Integrated marketing takes on two levels. First, the various marketing functions-sales force, advertising, product management, marketing research, and so on – must work together.…

    • 10392 Words
    • 42 Pages
    Powerful Essays

Related Topics