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Evolved from the basic considerate of producing goods and services in the most cost-efficient way Based on five concepts of philosophies(way of doing business)

Evolution of Marketing Concept

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Page 1: Evolution of Marketing Concept

Evolved from the basic considerate of producing

goods and services in the most cost-efficient way

Based on five concepts of philosophies(way of

doing business)

Page 2: Evolution of Marketing Concept

5

Marketing

Concept

Production

Concept

Product

Concept

Selling

Concept

Marketing

Concept

Societal

Marketing

Concept

Page 3: Evolution of Marketing Concept

Believed that consumers favour products that

are easily available and highly affordable.

Focuses on improving production

Page 4: Evolution of Marketing Concept

The best quality performance and innovative

features

Focus on continuous product improvement

Page 5: Evolution of Marketing Concept

Do heavy promotion.

Producing and selling products based on

offering what the market wants.

Page 6: Evolution of Marketing Concept

Identify the needs and wants of target

customers.

Deliver the products to the consumers better

than competitor.

Find the right products for the customers.

Page 7: Evolution of Marketing Concept

FactoryExisting Products

Selling and Promoting

Profits Through Maximum Sales

MarketCustomer

NeedsIntegrated Marketing

Profits Through Satisfaction

Starting Point

Focus Means Ends

THE SELLING CONCEPT

THE MARKETING CONCEPT

Page 8: Evolution of Marketing Concept

Company Profits

Consumer

Wants

Society’s

Interest

Societal Marketing Concept

Page 9: Evolution of Marketing Concept

A mixture or blend strategies of target

market refers to a concept of 4Ps.