Marketing Management Orientations
Marketing Management Orientations
Production Concept
The idea of production concept – “Consumers will favor products that are
available and highly affordable”. This concept is one of the oldest Marketing
management orientations that guide sellers.
Most times; the production concept can lead to marketing myopia.
Management focuses on improving production and distribution efficiency.
Although;
in some situations; the production concept is still a useful philosophy.
Product Concept
The product concept holds that the consumers will favor products that offer
the most in quality, performance and innovative features.
Here; under this concept,
Marketing strategies are focused on making continuous product
improvements.
For example;
Suppose a company makes the best quality Floppy disk. But a customer does
really need a floppy disk?
Selling Concept
The selling concept holds the idea- “consumers will not buy enough of the
firm’s products unless it undertakes a large-scale selling and promotion effort”.
Here the management focuses on creating sales transactions rather than on
building long-term, profitable customer relationships.
In other words;
The aim is to sell what the company makes rather than making what the
market wants. Such aggressive selling program carries very high risks.
Marketing Concept
The marketing concept holds- “achieving organizational goals depends on
knowing the needs and wants of target markets and delivering the desired
satisfactions better than competitors do”.
Here marketing management takes a “customer first” approach.
Under the marketing concept, customer focus and value are the routes to
achieve sales and profits.
The marketing concept and the selling concepts are two extreme concepts
and totally different from each other.