• Exchange is differentiated from other methods of want satisfaction: origination, force, or gift.
• Counterarguments of broadening the marketing concept:
- Marketing has a traditional domain and that these boundaries should be respected.
- Activities should be studied from the perspectives of their primary function.
- Transactions for which the exchange cannot be accurately determined should be excluded from the domain of marketing.
• The test of broadness of a concept should be its value in explaining the existence or behavior of phenomena in a given situation. Or marketing concepts should be employed where they are useful.
• Three dimensions along which the marketing concept can be “broadened”:
- Product (from economic goods and services to anything of value)
- Objective (from profit to any type of payoff)
- Target audience (from consumer to any public that relates to the organization).
• The author feels that the broadening the concept is not useful. If the broadening concept is to be useful in an operational sense, then it should provide means of answering such questions in more precise fashion.
• Deepening means relating abstract ideas to real marketing situations in ways that are useful for micro or macro decision making, or both. (Deepening entails developing operational marketing theories and testing them in real marketing situations.)
• Marketing theories and concepts can indeed be deepened, attained, and supported from academicians, researchers, managers, and editorial staffs.
Posted by guest
at 12:01 AM EST