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2010


   Marketing
   Definitions
   Review and analysis
   A review and analysis of different marketing definitions.




                                        By Mohamed Khalifa Ibrahim
               ESLSCA - MBA - Marketing Management Assignment # 1
                                                 IM05 - 7/28/2010
ļ½ Marketing Definitions




Marketing
                                                          Each part of the marketing definition defines
                                                          what marketing is and how it is practiced. To
                                                          explain the marketing definitions, we need to
Definitions                                               examine the following important terms:
                                                          needs, wants and demands; products and
Review and analysis                                       services; value, satisfaction and quality;
                                                          exchange, transactions and relationships;
Introduction                                              and finally markets as shown in figure 1. (3)



D
       efinitions applied to academic
       disciplines have important practical
       and symbolic implications. For
future and current practitioners, a
definition indicates certain training,
qualifications, and competencies.
A definition also serves to promote the
legitimacy of a scholarly community in the
eyes of other academics. At the societal
level, formal definitions may subtly
influence longer-term trends in commerce,
public perception, and policy making. (1)
                                                          Figure 1: shows that these core marketing concepts
A number of attempts have been made to                    are linked, with each concept building on the one
categorize definitions of ā€œmarketingā€                     before it. ā€ 

Crosier (1988) for example reviewed over                  We can distinguish between a social and a
than 50 definitions, placing them in to three             managerial definition of marketing, the
broad categories, which are:                              social definition shows the role marketing
a) Definitions that conceived of marketing                plays in society, defined as ā€œIt is a societal
as a process connecting the producer with                 process by which individuals and groups
its market via a marketing channel.                       obtain what they need and want through
b) Definitions that viewed marketing as a                 creating, offering and freely exchanging
concept or philosophy of business.                        products and services of value with othersā€.
c) Definitions that viewed marketing as an                For managerial definition, marketing have
orientation present to some degree in both                been mainly described as ā€œthe art of selling
consumer and producer the phenomenon                      productsā€. (4)
which makes the process and the concept                   In this essay, I review & analyze some
possible.(2)                                              marketing & marketing management
Marketing could be defined as an                          definitions based on the 4 Ps, segmentation,
academic discipline with recognizable                     targeting and positioning (STP) presented in
body of theory in relation to the issues study            a chronological manner, in addition to
and processes.(2)


ā€  Adapted from P. Kotler, et al; Principles of Marketing; 4th European edition 2005.

ļ½ Page 2
ļ½ Marketing Definitions



providing a new definition of marketing
management.
                                                         Definitions are like belts. The shorter
                                                         they are, the more elastic they need to
Definitions and Review
                                                         be.
The marketing definition has been                                          ā€”Stephen Toulmin (1961, p. 18)
developed over time, nowadays
marketing is based around providing                     Levitt ā€“ 1960* defined marketing as ā€œSelling
                                                        is preoccupied with the sellerā€™s need to convert his
continual benefits to the customer, these
                                                        product into cash; marketing with the idea of
benefits will be provided and a
                                                        satisfying the needs of the consumer by means of
transactional exchange will take place.
                                                        the product and the whole cluster of things
There are many definitions of marketing.                associated with creating, delivering and finally
The better definitions are focused upon                 consuming itā€
customer orientation and satisfaction of
                                                        This definition shows the evolution in this era
customer needs.
                                                        where the marketing concept starts, as it
Fred E. Clark ā€“ 1925* defined marketing as:             talks about satisfying consumer needs
ā€œthose efforts which effects transfer in the
                                                        instead of the producer needs,
ownership of goods.ā€
                                                        segmentation, targeting and positioning
This definition illustrates the concept of              presented by the word ā€œcreatingā€, also
marketing at that time, not involving                   product, price and place were presented
customers needs, value or satisfaction, in              by the word ā€œdeliveringā€.
addition the term goods and not
                                                        Rodger ā€“ 1971* defined marketing as
mentioning services, illustrates the concept            ā€œMarketing is the primary management function
of this era ā€œproduction conceptā€, the                   which organizes and directs the aggregate of
phrase ā€œtransfer the ownershipā€ focuses on              business activities involved in converting customer
distribution excluding the rest of the 4 Ps             purchase power for a specific product or service
and the segmentation, targeting or                      into effective demand for specific product or
positioning.                                            service and in moving the product or service to
AMA** ā€“ 1948 defined marketing as                       final consumer or user so as to achieve company
ā€œMarketing is the performance of business               set profit or other objectivesā€
activities that direct the flow of goods and services   This definition illustrates the management
from producers to consumers or userā€                    part of the definition as shown in words
This definition focuses on the distribution             ā€œmanagement, organizing, and directsā€, but the
part of marketing and excluded the rest of              planning and controlling part of
the four Pā€™s, here also there is no                     management are missing here, needs and
mentioning of the segmentation, neither                 demands of customers are presented in this
targeting nor positioning, reflecting the era           definition but from the organization
of selling concept, but in this definition the          prospective, the segmentation, targeting
term consumer appeared for the first time.              and positioning are mentioned in a general
                                                        way under the word ā€œaggregate of business

* The Blackwell encyclopedic dictionary of marketing; Volume 4 September 1997.
** AMA = American Marketing Association
                                                                                                   ļ½ Page 3
ļ½ Marketing Definitions



activitiesā€, the McCarthy's 4 Ps not                   executing the conception, pricing, promotion, and
presented except for the distribution part.            distribution of ideas, goods and services to create
                                                       exchanges that satisfy individual and
R. Bartles ā€“ 1970ā€™s* defined marketing as
                                                       organizational objectivesā€.
ā€œMarketing is the process whereby society, to
supply its consumption needs, evolves distributive     In this definition, we can see the
systems composed of participants, who, interacting
                                                       management part of marketing present in
under constraints - technical (economic) and
                                                       the words ā€œplanning and executingā€, but the
ethical (social) - create the transactions or flows
                                                       controlling, leading and organizing parts of
which resolve market separations and result in
                                                       management are missing from this
exchange and consumption.ā€
                                                       definition, McCarthy's Four Ps are
This definition reckons the economic and
                                                       presented in a smooth sequence, the
social prospective of marketing. The part of
                                                       concept of satisfaction customers &
needs is presented as a whole in ā€œsociety, to
                                                       organizational needs is introduced here for
supply its consumption needsā€ assuming that
                                                       the first time together (Win-Win concept),
needs cannot vary from group of people to
                                                       the exchange process is also presented.
another, resulting in excluding the
segmentation part and as a sequent                     Dennis Adcock ā€“1993 **defined marketing
targeting and positioning. Transaction and             as ā€œThe right product, in the right place, at the
exchange are presented in a different way              right time, at the right priceā€
that they should be, excluding the 4 Pā€™s, in           In this definition Adcock focused only on
my opinion this is the worst and most                  McCarthy's Four Ps in general but when
difficult to understand definition of                  digging deep inside it is also considering
marketing Iā€™ve seen till now.                          segmentation, targeting and positioning in
Kotler ā€“ 1980 **defined marketing as                   addition to satisfaction of needs in the
ā€œMarketing is the human activity directed at           phrase ā€œright product & right timeā€, also
satisfying human needs and wants through an            creating demand through adding the word
exchange processā€
                                                       ā€œthe right priceā€, there is no mentioning to
In this definition Kotler generalized                  the promotion part from the 4 Ps. Here the
marketing from management or                           management part of the definition is also
organizational activity to cover all man               absent.
kind, satisfaction of needs and want is the
core focus of this definition, the                     Kotler et al ā€“ 1994 **defined marketing as
segmentation, targeting and positioning in             "a social and managerial process by which
addition of the McCarthy's 4ā€™Ps are                    individuals and groups obtain what they need and
generalized under the word ā€œhuman activityā€,           want through creating and exchanging products
                                                       and value with othersā€
this definition is short easy to understand
but too general.                                       This definition included both social and
                                                       managerial aspects of marketing in
AMA ā€“ 1985 defined marketing as
ā€Marketing is the process of planning and              addition to the core concepts of: Needs,

* The Blackwell encyclopedic dictionary of marketing; Volume 4 September 1997.
** Definitions adapted from www.marketingteacher.com

ļ½ Page 4
ļ½ Marketing Definitions



wants and demands with product, value                 customer relationships in ways that benefit the
and satisfaction, plus exchange and                   organization and its stakeholders.ā€
transaction, and finally market and                   Here in this definition STP is presented
marketing, within this exchange and                   clearly under the term ā€œcreatingā€, while the
transaction, customers will only exchange             idea of CRM is presented clearly by the
what they value, although the 4Pā€™s and the            name, also the 4 Ps are presented under
STP are covered by the word ā€œprocessā€, but            the words ā€œdelivering, and communicatingā€.
it still needs to be more clear.                      The management part of the definition is
Roger Palmer ā€“ 2000* defined marketing as             presented and not only focused on the
ā€œMarketing is essentially about marshalling the       marketing department but also it includes
resources of an organization so that they meet the    the whole organization but it excluded how
changing needs of the customer on whom the            to? As this definition is missing the
organization dependsā€                                 (planning, organizing, leading and
In this definition Palmer stated that the             controlling) parts of the management
needs of customers are changing, focusing             concept. The phrase ā€œset of processesā€ is
on the satisfaction of these needs but he             good in that it covers the idea that
omitted the 4 Ps and the STP, the                     marketing is not a single event but rather a
management component of the definition                combination of many activities. The
is also absent.                                       ā€œstakeholderā€ approach versus the previous
Kotler ā€“ 2002** defined marketing as                  focus on individuals and organizations is
ā€œMarketing management as the art and science of       tricky because it enables the definition to
applying core marketing concepts to choose target     incorporate a broad number of people or
markets and get, keep, and grow customers             firms that interact with marketers or their
through creating, delivering, and communicating       offerings.
superior customer value.ā€                             AMA ā€“ 2007 defined marketing as
Here in this definition, the term ā€œart and            ā€œMarketing is the activity, set of institutions, and
scienceā€ is too general, STP is presented             processes for creating, communicating, delivering,
clearly, while the idea of CRM is presented           and exchanging offerings that have value for
for the first time by the term ā€œget, keep, and        customers, clients, partners, and society at large.ā€
grow customersā€ alarming marketers that               In this definition the marketing is defined as
marketing is a continuous process not a               an activity, where it surpasses the
single transaction, also the 4 Ps are                 organizational frame, including the role
presented under the words ā€œdelivering, and            marketing plays within society at large, or
communicatingā€.                                       as a broader activity than the previous one
AMA ā€“ 2004 defined marketing as                       did, in addition to the phrase ā€œset of
ā€œMarketing is an organizational function and a set    institutions, and processesā€ , where it includes
of processes for creating, communicating, and
                                                      the managerial part of the definition.
delivering value to customers and for managing
                                                      This new the term ā€œofferingā€ refers that
                                                      marketing is not just a commercial activity
* Definitions adapted from www.marketingteacher.com
** Kotler & Keller; Marketing management
                                                                                                 ļ½ Page 5
ļ½ Marketing Definitions



used for products or services, it is also used          Customer at the center of business:
by governments or NGOs to raise
awareness or calling for a cause where                  P. Drucker* defined marketing as
they are not necessarily selling anything.              ā€œMarketing is not only much broader than selling,
The STP and the 4Ps are presented under                 it is not a specialized activity at all It encompasses
the term ā€œcreating, communicating and                   the entire business. It is the whole business seen
deliveringā€, finally as the previous two                from the point of view of the final result, that is,
definitions discussed here satisfaction of              from the customer's point of view. Concern and
customers needs is not presented at all                 responsibility for marketing must therefore
neither mentioning that these needs are                 permeate all areas of the enterprise.ā€
dynamic and changing constantly.                        In this definition Peter Drucker focuses
                                                        mainly on the customer as the center of
And here are some common definitions
                                                        business, it is too general not covering the
that are focused on just one specific area:
                                                        STP or the 4Ps, or the managerial
Profitability:                                          component of the definition.

Barwell*defined marketing as                            Competitors surpassing:
ā€œThis customer focused philosophy is known as the
                                                        Jobber* defined marketing as
'marketing concept'. The marketing concept is a
philosophy, not a system of marketing or an             ā€œThe achievement of corporate goals through
organizational structure. It is founded on the belief   meeting and exceeding customer needs better than
that profitable sales and satisfactory returns on       the competition.ā€
investment can only be achieved by identifying,
                                                        What is interesting in this definition is that
anticipating and satisfying customer needs and
                                                        Jobber is the only one addressed the issue
desires.ā€
                                                        of competitors while defining marketing.
CIM** defined marketing as ā€œMarketing is the
                                                        The 4 Ps and the STP also are not
management process that identifies, anticipates
                                                        represented in this definition.
and satisfies customer requirements profitablyā€
In this definition (as with Barwell's definition)       My definition
it addresses not only identifying customer              ā€œMarketing is a social and managerial set of
needs, but also satisfying them and                     institutions, and processes for creating,
anticipating them in the future. Also both              communicating, delivering, and exchanging
definitions has an emphasis on profitability,           offerings that have value for customers, leading to
ignoring that in the 21st century there are a           have the right product, in the right place, at the
lot of NGOs and governments that uses                   right time, at the right price, from the customers
marketing not aiming to profit from it. The 4           point of view, through identifying, anticipating,
Ps and the STP are all not represented in this          satisfying and exceeding customersā€™ dynamic
definition.                                             needs and wants continuously better than the
                                                        competition.ā€

* Definitions adapted from www.marketingteacher.com
** CIM = Chartered Institute of marketing.

ļ½ Page 6
ļ½ Marketing Definitions



In my opinion a successful marketer is the
one who gain more customers more than
competitors, through exceeding
customersā€™ satisfaction, and anticipating
future changing needs of those customers.
In this definition STP is presented clearly
under the term ā€œcreatingā€, while the 4 Ps are
presented under the words ā€œdelivering, and
communicatingā€ , in addition to the phrase
ā€œset of institutions, and processesā€, where it
includes the managerial part of the
definition. The term ā€œofferingā€ refers that
marketing is not just a commercial activity
used for products or services; it is also used
by governments or NGOs, the term
ā€continuouslyā€ refers to the building up of
CRM.


References
1- George M. Zinkhan & Brian C. Williams; The
   New American Marketing Association Definition
   of Marketing: An Alternative Assessment; Journal
   of Public Policy & Marketing; Vol. 26 (2) Fall
   2007, 284ā€“288.
2- Barbra R. Lewis & Dale littler; The Blackwell
   encyclopedic dictionary of marketing; Volume 4
   September 1997.
3- P. Kotler, V. Wong, J. Saunders & G. Armstrong;
                             th
   Principles of Marketing; 4 European edition
   2005.
4- P. Kotler & K.L. Keller; Marketing management:
      th
   12 edition 2007




                                                      ļ½ Page 7

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Marketing definitions

  • 1. 2010 Marketing Definitions Review and analysis A review and analysis of different marketing definitions. By Mohamed Khalifa Ibrahim ESLSCA - MBA - Marketing Management Assignment # 1 IM05 - 7/28/2010
  • 2. ļ½ Marketing Definitions Marketing Each part of the marketing definition defines what marketing is and how it is practiced. To explain the marketing definitions, we need to Definitions examine the following important terms: needs, wants and demands; products and Review and analysis services; value, satisfaction and quality; exchange, transactions and relationships; Introduction and finally markets as shown in figure 1. (3) D efinitions applied to academic disciplines have important practical and symbolic implications. For future and current practitioners, a definition indicates certain training, qualifications, and competencies. A definition also serves to promote the legitimacy of a scholarly community in the eyes of other academics. At the societal level, formal definitions may subtly influence longer-term trends in commerce, public perception, and policy making. (1) Figure 1: shows that these core marketing concepts A number of attempts have been made to are linked, with each concept building on the one categorize definitions of ā€œmarketingā€ before it. ā€  Crosier (1988) for example reviewed over We can distinguish between a social and a than 50 definitions, placing them in to three managerial definition of marketing, the broad categories, which are: social definition shows the role marketing a) Definitions that conceived of marketing plays in society, defined as ā€œIt is a societal as a process connecting the producer with process by which individuals and groups its market via a marketing channel. obtain what they need and want through b) Definitions that viewed marketing as a creating, offering and freely exchanging concept or philosophy of business. products and services of value with othersā€. c) Definitions that viewed marketing as an For managerial definition, marketing have orientation present to some degree in both been mainly described as ā€œthe art of selling consumer and producer the phenomenon productsā€. (4) which makes the process and the concept In this essay, I review & analyze some possible.(2) marketing & marketing management Marketing could be defined as an definitions based on the 4 Ps, segmentation, academic discipline with recognizable targeting and positioning (STP) presented in body of theory in relation to the issues study a chronological manner, in addition to and processes.(2) ā€  Adapted from P. Kotler, et al; Principles of Marketing; 4th European edition 2005. ļ½ Page 2
  • 3. ļ½ Marketing Definitions providing a new definition of marketing management. Definitions are like belts. The shorter they are, the more elastic they need to Definitions and Review be. The marketing definition has been ā€”Stephen Toulmin (1961, p. 18) developed over time, nowadays marketing is based around providing Levitt ā€“ 1960* defined marketing as ā€œSelling is preoccupied with the sellerā€™s need to convert his continual benefits to the customer, these product into cash; marketing with the idea of benefits will be provided and a satisfying the needs of the consumer by means of transactional exchange will take place. the product and the whole cluster of things There are many definitions of marketing. associated with creating, delivering and finally The better definitions are focused upon consuming itā€ customer orientation and satisfaction of This definition shows the evolution in this era customer needs. where the marketing concept starts, as it Fred E. Clark ā€“ 1925* defined marketing as: talks about satisfying consumer needs ā€œthose efforts which effects transfer in the instead of the producer needs, ownership of goods.ā€ segmentation, targeting and positioning This definition illustrates the concept of presented by the word ā€œcreatingā€, also marketing at that time, not involving product, price and place were presented customers needs, value or satisfaction, in by the word ā€œdeliveringā€. addition the term goods and not Rodger ā€“ 1971* defined marketing as mentioning services, illustrates the concept ā€œMarketing is the primary management function of this era ā€œproduction conceptā€, the which organizes and directs the aggregate of phrase ā€œtransfer the ownershipā€ focuses on business activities involved in converting customer distribution excluding the rest of the 4 Ps purchase power for a specific product or service and the segmentation, targeting or into effective demand for specific product or positioning. service and in moving the product or service to AMA** ā€“ 1948 defined marketing as final consumer or user so as to achieve company ā€œMarketing is the performance of business set profit or other objectivesā€ activities that direct the flow of goods and services This definition illustrates the management from producers to consumers or userā€ part of the definition as shown in words This definition focuses on the distribution ā€œmanagement, organizing, and directsā€, but the part of marketing and excluded the rest of planning and controlling part of the four Pā€™s, here also there is no management are missing here, needs and mentioning of the segmentation, neither demands of customers are presented in this targeting nor positioning, reflecting the era definition but from the organization of selling concept, but in this definition the prospective, the segmentation, targeting term consumer appeared for the first time. and positioning are mentioned in a general way under the word ā€œaggregate of business * The Blackwell encyclopedic dictionary of marketing; Volume 4 September 1997. ** AMA = American Marketing Association ļ½ Page 3
  • 4. ļ½ Marketing Definitions activitiesā€, the McCarthy's 4 Ps not executing the conception, pricing, promotion, and presented except for the distribution part. distribution of ideas, goods and services to create exchanges that satisfy individual and R. Bartles ā€“ 1970ā€™s* defined marketing as organizational objectivesā€. ā€œMarketing is the process whereby society, to supply its consumption needs, evolves distributive In this definition, we can see the systems composed of participants, who, interacting management part of marketing present in under constraints - technical (economic) and the words ā€œplanning and executingā€, but the ethical (social) - create the transactions or flows controlling, leading and organizing parts of which resolve market separations and result in management are missing from this exchange and consumption.ā€ definition, McCarthy's Four Ps are This definition reckons the economic and presented in a smooth sequence, the social prospective of marketing. The part of concept of satisfaction customers & needs is presented as a whole in ā€œsociety, to organizational needs is introduced here for supply its consumption needsā€ assuming that the first time together (Win-Win concept), needs cannot vary from group of people to the exchange process is also presented. another, resulting in excluding the segmentation part and as a sequent Dennis Adcock ā€“1993 **defined marketing targeting and positioning. Transaction and as ā€œThe right product, in the right place, at the exchange are presented in a different way right time, at the right priceā€ that they should be, excluding the 4 Pā€™s, in In this definition Adcock focused only on my opinion this is the worst and most McCarthy's Four Ps in general but when difficult to understand definition of digging deep inside it is also considering marketing Iā€™ve seen till now. segmentation, targeting and positioning in Kotler ā€“ 1980 **defined marketing as addition to satisfaction of needs in the ā€œMarketing is the human activity directed at phrase ā€œright product & right timeā€, also satisfying human needs and wants through an creating demand through adding the word exchange processā€ ā€œthe right priceā€, there is no mentioning to In this definition Kotler generalized the promotion part from the 4 Ps. Here the marketing from management or management part of the definition is also organizational activity to cover all man absent. kind, satisfaction of needs and want is the core focus of this definition, the Kotler et al ā€“ 1994 **defined marketing as segmentation, targeting and positioning in "a social and managerial process by which addition of the McCarthy's 4ā€™Ps are individuals and groups obtain what they need and generalized under the word ā€œhuman activityā€, want through creating and exchanging products and value with othersā€ this definition is short easy to understand but too general. This definition included both social and managerial aspects of marketing in AMA ā€“ 1985 defined marketing as ā€Marketing is the process of planning and addition to the core concepts of: Needs, * The Blackwell encyclopedic dictionary of marketing; Volume 4 September 1997. ** Definitions adapted from www.marketingteacher.com ļ½ Page 4
  • 5. ļ½ Marketing Definitions wants and demands with product, value customer relationships in ways that benefit the and satisfaction, plus exchange and organization and its stakeholders.ā€ transaction, and finally market and Here in this definition STP is presented marketing, within this exchange and clearly under the term ā€œcreatingā€, while the transaction, customers will only exchange idea of CRM is presented clearly by the what they value, although the 4Pā€™s and the name, also the 4 Ps are presented under STP are covered by the word ā€œprocessā€, but the words ā€œdelivering, and communicatingā€. it still needs to be more clear. The management part of the definition is Roger Palmer ā€“ 2000* defined marketing as presented and not only focused on the ā€œMarketing is essentially about marshalling the marketing department but also it includes resources of an organization so that they meet the the whole organization but it excluded how changing needs of the customer on whom the to? As this definition is missing the organization dependsā€ (planning, organizing, leading and In this definition Palmer stated that the controlling) parts of the management needs of customers are changing, focusing concept. The phrase ā€œset of processesā€ is on the satisfaction of these needs but he good in that it covers the idea that omitted the 4 Ps and the STP, the marketing is not a single event but rather a management component of the definition combination of many activities. The is also absent. ā€œstakeholderā€ approach versus the previous Kotler ā€“ 2002** defined marketing as focus on individuals and organizations is ā€œMarketing management as the art and science of tricky because it enables the definition to applying core marketing concepts to choose target incorporate a broad number of people or markets and get, keep, and grow customers firms that interact with marketers or their through creating, delivering, and communicating offerings. superior customer value.ā€ AMA ā€“ 2007 defined marketing as Here in this definition, the term ā€œart and ā€œMarketing is the activity, set of institutions, and scienceā€ is too general, STP is presented processes for creating, communicating, delivering, clearly, while the idea of CRM is presented and exchanging offerings that have value for for the first time by the term ā€œget, keep, and customers, clients, partners, and society at large.ā€ grow customersā€ alarming marketers that In this definition the marketing is defined as marketing is a continuous process not a an activity, where it surpasses the single transaction, also the 4 Ps are organizational frame, including the role presented under the words ā€œdelivering, and marketing plays within society at large, or communicatingā€. as a broader activity than the previous one AMA ā€“ 2004 defined marketing as did, in addition to the phrase ā€œset of ā€œMarketing is an organizational function and a set institutions, and processesā€ , where it includes of processes for creating, communicating, and the managerial part of the definition. delivering value to customers and for managing This new the term ā€œofferingā€ refers that marketing is not just a commercial activity * Definitions adapted from www.marketingteacher.com ** Kotler & Keller; Marketing management ļ½ Page 5
  • 6. ļ½ Marketing Definitions used for products or services, it is also used Customer at the center of business: by governments or NGOs to raise awareness or calling for a cause where P. Drucker* defined marketing as they are not necessarily selling anything. ā€œMarketing is not only much broader than selling, The STP and the 4Ps are presented under it is not a specialized activity at all It encompasses the term ā€œcreating, communicating and the entire business. It is the whole business seen deliveringā€, finally as the previous two from the point of view of the final result, that is, definitions discussed here satisfaction of from the customer's point of view. Concern and customers needs is not presented at all responsibility for marketing must therefore neither mentioning that these needs are permeate all areas of the enterprise.ā€ dynamic and changing constantly. In this definition Peter Drucker focuses mainly on the customer as the center of And here are some common definitions business, it is too general not covering the that are focused on just one specific area: STP or the 4Ps, or the managerial Profitability: component of the definition. Barwell*defined marketing as Competitors surpassing: ā€œThis customer focused philosophy is known as the Jobber* defined marketing as 'marketing concept'. The marketing concept is a philosophy, not a system of marketing or an ā€œThe achievement of corporate goals through organizational structure. It is founded on the belief meeting and exceeding customer needs better than that profitable sales and satisfactory returns on the competition.ā€ investment can only be achieved by identifying, What is interesting in this definition is that anticipating and satisfying customer needs and Jobber is the only one addressed the issue desires.ā€ of competitors while defining marketing. CIM** defined marketing as ā€œMarketing is the The 4 Ps and the STP also are not management process that identifies, anticipates represented in this definition. and satisfies customer requirements profitablyā€ In this definition (as with Barwell's definition) My definition it addresses not only identifying customer ā€œMarketing is a social and managerial set of needs, but also satisfying them and institutions, and processes for creating, anticipating them in the future. Also both communicating, delivering, and exchanging definitions has an emphasis on profitability, offerings that have value for customers, leading to ignoring that in the 21st century there are a have the right product, in the right place, at the lot of NGOs and governments that uses right time, at the right price, from the customers marketing not aiming to profit from it. The 4 point of view, through identifying, anticipating, Ps and the STP are all not represented in this satisfying and exceeding customersā€™ dynamic definition. needs and wants continuously better than the competition.ā€ * Definitions adapted from www.marketingteacher.com ** CIM = Chartered Institute of marketing. ļ½ Page 6
  • 7. ļ½ Marketing Definitions In my opinion a successful marketer is the one who gain more customers more than competitors, through exceeding customersā€™ satisfaction, and anticipating future changing needs of those customers. In this definition STP is presented clearly under the term ā€œcreatingā€, while the 4 Ps are presented under the words ā€œdelivering, and communicatingā€ , in addition to the phrase ā€œset of institutions, and processesā€, where it includes the managerial part of the definition. The term ā€œofferingā€ refers that marketing is not just a commercial activity used for products or services; it is also used by governments or NGOs, the term ā€continuouslyā€ refers to the building up of CRM. References 1- George M. Zinkhan & Brian C. Williams; The New American Marketing Association Definition of Marketing: An Alternative Assessment; Journal of Public Policy & Marketing; Vol. 26 (2) Fall 2007, 284ā€“288. 2- Barbra R. Lewis & Dale littler; The Blackwell encyclopedic dictionary of marketing; Volume 4 September 1997. 3- P. Kotler, V. Wong, J. Saunders & G. Armstrong; th Principles of Marketing; 4 European edition 2005. 4- P. Kotler & K.L. Keller; Marketing management: th 12 edition 2007 ļ½ Page 7