Rethinking marketing essay

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Rethinking marketing essay in 2021

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What are the changes in the marketing industry?

These changes shift the firm’s focus from product profitability to customer profitability, as measured by metrics such as customer lifetime value and customer equity. This organizational transformation will uproot entrenched interests and so must be driven from the top.

Why do companies need to rethink their marketing?

Because companies can now interact directly with customers, they must radically reorganize to put cultivating relationships ahead of building brands. Companies have powerful technologies for understanding and interacting with customers, yet most still depend on mass media marketing to drive impersonal transactions.

What kind of information was used in mass marketing?

Information about customers consisted primarily of aggregate sales statistics augmented by marketing research data. There was little, if any, direct communication between individual customers and the firm. Today, companies have a host of options at their disposal, making such mass marketing far too crude.

Which is the best slide for rethinking marketing?

1. Rethinking MarketingCultivating RelationshipsAhead of Building BrandsPresented By : Bijoy E.V (bijoyev@yahoo.com)Venue: IBS-BDate: 2011 (Dec 18 – Dec 21)Ref: Roland T. Rust, - Christine Moorman, and Gaurav Bhalla 2.

Last Update: Oct 2021


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