The evolution of marketing

by WF- Enzo Administrator
1 replies
For the past 150 years or so, marketing models have evolved starting from merely manufacturing a good-quality product that will sell itself over time to a more customer-centric model establishing long-term relationships with customers.

There are six common periods defining the major stages in marketing:

Trade orientation

This was generally during prehistory, where explorers conquered new lands and traded goods with inhabitants of these new lands. China's Silk Road is a popular example, as well the Manila-Acapulco Galleon Trade during the Spanish empire.

Production orientation

Roughly during the Industrial Revolution, this is the view where business focused on manufacturing, and the latter became more industrialised. You see, it's during this time when, for instance, the Ford Model T was built on an assembly line instead of manually hand-crafting each unit. Business focused on production, manufacturing, and efficiency, and is encapsulated by Say's Law stating that manufacturing a product creates demand for another product.

Sales orientation

This was during the onset of the Great Depression and the end of World War II. Business started competing against each other as they could no longer sell mass-produced goods as easily as they had done before. Marketing and sales as we know started, and heavy public advertising were commonplace everywhere.

Marketing orientation

As economies recovered after the war, markets became more saturated which prompted business to become more strategic. They invested on getting to know more of customer needs, crafting pricing strategies, and generally tuning marketing efforts according to their preferred customers. Business also realised that in order to profit, they must satisfy customers long term.

Societal marketing orientation

This was the time when business became more aware of their social responsibility rather than simply providing customer needs. Business also started to realise the value of society's overall well-being. Corporate social responsibility and ethical considerations were put into practice. Businesses became more environmentally-concerned.

Relationship orientation

In this era, marketing became a long-term relationship benefitting both business and customer. It also spurred the creation of customer relationship management (CRM), and business emphasized customer retention over mere sales transactions. This also ushered in the growth of technology, opening more collaborative and social channels to help businesses manage customer relationships.
#evolution #marketing
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  • Profile picture of the author anthony saxena
    Marketing as a recognized profession has a brief, yet significant history, stemming from a company's need to set itself apart in a crowded marketplace. Fascinated with the events that led up to what we know today, here's a post that I've been wanting to write ever since that Marketing 101 course in college...
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  • Profile picture of the author glmmstf57
    Hello, The production-centric system has changed systematically today and in the era of relationships, with specialties such as sales vs. marketing coming together and advertising vs. retailing. So that the overall evolution of marketing gives rise to the concept of business development. There is a summary of marketing as a recognized profession. Businesses begin to realize the value of society's overall welfare. Corporate social responsibility and ethical considerations were applied.
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