From Marketing Mix to Relationship Marketing - 3920 Words

28 September 2011 From Marketing Mix to Relationship Marketing Towards a paradigm shift in marketing Prepared by: Mai Hamed Shady Marzouk Presented to: Dr. Mariam Abo youssef Table of Contents Introduction 3 Marketing Mix 4 The problem with the Marketing Mix 7 The Nature of the Marketing Mix 8 What is the History of the Marketing Mix? 9 Contemporary Theories of Marketing 11 The New Approaches and the Marketing Mix 12 The Future: The Relationship Marketing Concept 13 Relationship Marketing 14 Is There a Paradigm Shift in Marketing? 14 Conclusion 15 References 16 Introduction This report discusses how the marketing mix management paradigm has dominated the marketing thought, research and practice†¦show more content†¦From the perspective of production development, it is frequently stated that cultural expressions need to find their market in order to survive, but it is also the case that the sacrificing of cultural content with little market value lowers the value of cultural production overall. From the perspective of rights to and processes of identity construction, culture generates services that cannot be governed exclusively by the market, especially in view of the marginality of subaltern groups. Nevertheless, it is almost impossible to think of cultural practices and consumption today without involving the market in some way. For marketers in the cultural industry it is important to identify the factors influencing consumers’ purchasing. Cultural factors are essentially important in selection of the two elements of place and product. For example, someone brought up in an environment that values art would be more likely to buy artistic products. Even it may be important considering customers in terms of their sub-culture. One may be surrounded by people who not only value art but place a higher priority on paintings as opposed to the music. As a result, they will be more likely to buy paintings rather than musical instrument. Pricing the artistic products and activities should also follow a logic trend. This practice may be done through some standardsShow MoreRelatedNeil Borden and The Concept of Marketing Mix Essay example677 Words   |  3 PagesWhen talking about marketing the idea that just comes to mind is a program designed to sell product or simply advertise and no wonder we been bombarded with a lots of different advertising trying to sell something. (Armstrong and Kotler, 2007) But what is marketing? According (Meldrum and McDonald, 2007), marketing can be defined as â€Å"the way in which an organisation matches its human, financial and physical resources with the wants and needs of its customers† but (Ebert and Griffin, 2013) also definedRead MoreMarketing Mix : A Business Tool1726 Words   |  7 PagesThe term ‘Marketing mix’ is said to have first been used by Borden (1965). The term ‘Marketing mix’ was derived from the lone P (price) of microeconomic theory (Chong, 2003). 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