Evolution of Marketing

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Evolution of Marketing Marketing Concepts Customer Orientations

Transcript of Evolution of Marketing

Evolution of MarketingMarketing ConceptsCustomer OrientationsEvolutionRobert Bartels in The History of Marketing Thought' categorised the development of marketing theory decade by decade from the beginning of the 20th century thus: !00s: discovery of basic concepts and their e"ploration !0s: conceptualisation# classi$cation and de$nition of terms !20s: integration on the basis of principles !%0s: development of specialisation and variation in theory!&0s: reappraisal in the light of ne' demands and a more scienti$c approach !(0s: reconceptualisation in the light of managerialism# social development and )uantitative approaches !*0s: di+erentiation on bases such as managerialism# holism# environmentalism# systems# and internationalism!,0s: socialisation- the adaptation of marketing to social change.he /roduction Concept0 production orientation dominated business thought from the beginning of Capitalism the mid !(01s2 Business concerned itself primarily 'ith production# manufacturing# and e3ciency issues2 .his vie' point 'as encapsulated in 4ays 5a' 'hich states 4upply creates its o'n demand2 .he /roduct Concept.he 4elling Concept.he Marketing Concept.he 6olistic Marketing Concept7hat to Market89oods: 9rocery# :e'elry# furniture# Cars4ervices: Banks# 4chools# Colleges# Rail'aysEvents: 7orld;cup cricket# OlympicsE"perience: 0musement /ark# 7ater /ark# Cruise/ersons: Celebrity concerts# 0rtists/laces: .ourism/roperties: Real Estate# 9O campaigns?nformation:?nternet# Consulting?deas: 0'areness campaigns @0ds of ?dea# .0.0 teaAMarketsMaslo'Bs 6ierarchy of >eedsConcept of C7antsBNeeds become wants 'hen they are directed to Cspeci$c ob:ectsB# that might satisfy the need2Need of t'o di+erent persons may be the same# but wants may di+er2Wants are shaped by our society2DemandDemands are 'ants for speci$c products backed by an ability to pay2Ealue reFects sum of perceived tangible and intangible bene$ts and costs to the customer24atisfaction vGs 5oyaltyReferencesMarketing Management by /hilip Hotler?nternet; '''2Marketing!2com9oogle images'''2managementparadise2com

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