Gurus On Marketing
Gurus On Marketing
Gurus On Marketing
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At the feet of Philip Kotler:<br />
Lessons learnt:<br />
• The guiding principle in marketing is consumer value.<br />
• <strong>Marketing</strong> is based on the process of exchange.<br />
• This process incorporates socio-economic and managerial<br />
perspectives.<br />
• <strong>Marketing</strong> affects all types of organisations – for-profit and<br />
not-for-profit organisations.<br />
• To achieve success, organisations have to respond to changes<br />
in the external environment.<br />
• Such responses necessitate preparation of a strategic plan.<br />
• The strategic plan should be followed by marketing planning.<br />
• The marketing plan should pay attention to marketing mix.<br />
• Segment your market. Make sure the segments are substantial,<br />
measurable, accessible and actionable.<br />
• Consider the nature of your product and service.<br />
FIVE PHILIP KOTLER 87