Preview

Is the 4Ps Marketing Model Limiting Students?

Better Essays
Open Document
Open Document
1542 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Is the 4Ps Marketing Model Limiting Students?
As an increasing diversity of new media and the complexity of marketing circumstances, marketing mix management, which has been defined as 4Ps by Neil Borden in 1953, regarding product, price, place and promotion, is too simple to meet the demand of today’s marketing place. While, the model of 4Ps marketing mix has been introduced to marketing coursebooks widely. Furthermore, it also has been used as a basic framework to teach marketers to think in a fixed way instead of doing more researches during their marketing studying. Therefore, the debate on whether the marketing model becomes a strait-jacket thinking arouses popular attentions.

The purpose of this essay is to evaluate Gronroos’s criticisms that the marketing mix theory has restricted marketers the way to study marketing and consider about the complex situation in the marketplace. The paper begins by reviewing the relevant literatures on the Gronroos’s criticisms of the marketing mix. It will examine Gronroos’s different criticisms on the marketing mix and compare others’ relevant opinions with Gronroons’s to evaluate whether the 4Ps framework becomes the toolkit approach for thinking. The discussion highlights three separate cases studies to support the criticisms from Gronroons and one to oppose that.

The emergence of mass media technology outmodes the 4Ps marketing mix model in this new era. Analyzing the limitations of this model, first of all, this simple pattern concentrates on production-selling in temporary, which puts consumers in a passive position. Moreover, it ignores the various external environment, which limits the scope of the marketing mix to cover all variables (Gordon, 2012). However, the dominated position of the 4Ps theory in the marketing education is the main reason to push businessmen to view the marketplace in a fixed way. Therefore, the evaluation of the 4Ps marketing mix paradigm is discussed as follows.

There are three points, which have been warned by Gronroos to

You May Also Find These Documents Helpful

  • Powerful Essays

    Westjet Research Paper

    • 2269 Words
    • 10 Pages

    The marketing mix analysis which is also known as 4 P’s, is the most important elements of a marketing strategy of any company, and in this report I am…

    • 2269 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    Unit IV Scholarly Activity

    • 1089 Words
    • 4 Pages

    The term or phrase “Marketing Mix” was first idealized by Neil H. Borden in his article in 1964, “The Concept of the Marketing Mix. ("Marketing Mix", 2015) Although James Culliton was the first to reference this group of strategies as a “mixer of ingredients”, it was Bolden that expounded on the term and referenced it as what has become known as the “Marketing Mix”. Later, E. Jerome McCarthy took the four strategies and popularized the term which is now known as the 4 Ps of marketing. ("Marketing Mix", 2015) Various marketing plans were classified in to one of four categories of marketing strategies. These strategies were viewed as a marketing concept that would identify the four Ps of marketing strategies. These strategies are also known as the four Ps of marketing. These include, product strategies, pricing strategies, place strategies, and lastly, promotion strategies.” (Kotler & Keller, 2012). The marketing strategies each represented important, yet unique aspects of the marketing plan.…

    • 1089 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Mkt/421 Marketing Mix

    • 1459 Words
    • 6 Pages

    Neil Borden, the president of the American Marketing Association in 1953, coined the term “marketing mix”. The marketing mix refers to Jerome McCarthy’s “4 P” method used to create an effective marketing strategy. The 4 p’s of the marketing mix are product, place, price, and promotion. (Investopedia, 2013)…

    • 1459 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Jetblue Case Analysis

    • 4169 Words
    • 17 Pages

    JetBlue airline was founded by David Neeleman who is a Brazilian born entrepreneur. His goal was to single handedly create a unique airline that was innovative for the current market. The low fare airline was designed for customers who needed to travel at affordable prices, and which would essentially create a new strand of business. Named JetBlue, Neeleman’s airline originally traveled to various cities around the United States, but has recently entered the international market by offering flights that reach countries such as Puerto Rico and the Dominican Republic. Since it is a customer oriented company, JetBlue makes ordinary flights into an extraordinary experience for its customers. With improved in-flight entertainment to electronic ticketing, JetBlue has grown to become a fast and affordable airline.…

    • 4169 Words
    • 17 Pages
    Powerful Essays
  • Powerful Essays

    NetMBA Business Knowledge Center. (2010). The Marketing Mix (The 4 P's of Marketing). Retrieved from http://www.netmba.com/marketing/mix/…

    • 1226 Words
    • 5 Pages
    Powerful Essays
  • Best Essays

    (2007). The Marketing Mix, the four P 's of Marketing. Retrieved June 28, 2009, from Net MBA Web site: http://www.netmba.com/marketing/mix…

    • 1547 Words
    • 7 Pages
    Best Essays
  • Better Essays

    As companies and organizations, they need to choose proper marketing tools what are depend on their orientation. So, “marketing mix” is often crucial when determining a product or brand 's offer. Normally, “marketing mix,” means McCarthy‘s 4Ps theory, which is included Price, Product, Promotion, and Place. Afterward, the 4Ps have been expanded to the 7Ps and even more. There is another theory, which is called 4Cs; Robert F. Lauterborn put this theory forward. This theory is involved Customers’ wants and needs, Cost, Communication and Convenience, different with…

    • 1628 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    The marketing mix, the four P’S as it is known by, for this piece of work this will extend to the 7 p’s to cover the full dynamics of this concept are the basic elements of which are;…

    • 1055 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    Marketing Mix

    • 1147 Words
    • 5 Pages

    Marketers, in order to bring out desired responses from their target markets, use a number of tools that form a marketing mix. Marketing mix is defined as the set of marketing tools that an organization uses to follow its marketing objectives in the target market. McCarthy has classified these tools as the 4Ps of marketing which are product, price, place and promotion. (McGraw-Hill/Irwin, 2002) The 4Ps are the ideas to take into account while marketing a product. They constitute the root of the marketing mix. In order to efficiently market a product, it is therefore imperative to get an optimally correct mix of the 4Ps. In an ideal situation, if a company is able to plan a promotion for the right product, at the right price and to get it to their preferred market, in the right place then it is highly effective for the company.…

    • 1147 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Mktg 300 Case Study 1

    • 921 Words
    • 4 Pages

    References: Constantinides, E. E. (2006). The Marketing Mix Revisited: Towards the 21st Century Marketing. Journal Of Marketing Management, 22(3/4), 407-438.…

    • 921 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Apple Marketing Mix

    • 3821 Words
    • 16 Pages

    Marketing Mix is a major theory in modern marketing that involves basically all that a corporation can utilize to persuade consumer perception auspiciously in favor of its products or its services, in order to meet organizational and consumer objectives. That is, marketing mix involves crafting and implementation of a marketing plan. In this assignment, I will discuss the most important marketing mix variables as grouped by Prof. E. Jerome McCarthy:…

    • 3821 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    A company’s marketing mix allows it to position products in such a way that makes them attractive to potential customers (Boddy 2009 p293). Kotler defines the marketing mix by 4Ps: Product, Price, Promotion and Place (Kotler 2006). Analysing these in turn will show how well the business is doing in the marketing function.…

    • 568 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Outline1

    • 288 Words
    • 2 Pages

    Companies need to consider the promotional strategy used in their marketing models. To attract more customers and meet customer needs, the marketing mix concept has been developed to using in the companies' promotional strategy. Marketing mix has been applied to some major companies as their marketing strategy, one of these companies is Woolworths Limited.…

    • 288 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    marketing of hp

    • 1097 Words
    • 5 Pages

    A marketing manager has to manage the marketing resources of a product or business, in my case I’m a general manager and I’m responsible of the entire brand. I will present you key responsibilities of a marketing manager that include:…

    • 1097 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Boroplus Prickly Heat Powder

    • 9191 Words
    • 37 Pages

    It was an extremely bold step in the early seventies when the Indian FMCG market…

    • 9191 Words
    • 37 Pages
    Satisfactory Essays

Related Topics