Tuesday 20 January 2015

TheMagicOfMarketing: Innovation



The play was a great success but the audience was a total failure

                                                                                    Oscar Wilde


Marketing is not a posh word for selling. Marketing in its broadest and best sense is about aligning your business and strategy to the changing needs of your customers. It  is not about advertising and selling but tactfully choosing your customers and segment, then being prepared to put them at the center where everything about your business revolves around them. Customer has graduated from being the king to the “god”. It's a fundamentally different philosophy.

The genesis
The marketing challenge some say is the inability to convince people to buy their products and services. The real challenge is that their business is built around themselves and not around the customers need. Product-focused instead of customer-focused.

Perspectives
Essentially, marketing can be approached operationally or strategically. Operational marketing is the more visible side concerning itself with advertising, public relations and selling. It is about communications geared towards customers awareness of products and service and eventually, gaining their buy-in.
Also strategic marketing is concerned with deciding what products and services to produce based on evolving customer’s needs.
 The new focus

The 21st century customers need is changing rapidly. Selecting the right customers and evolving along the path of their need is the new focus of competitive organizations today. Organizing your enterprise around the changing needs of these selected segment is what marketing really means. Evolution is Change. Change brings INNOVATION.

Get involved

 To the champion in you.


Emerge!

Emmanuel




 

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