OSRA 2 September 8 2013 Marketing Myopia 1. The author doesn’t believe in the concept of a growth industry. Leavitt describes every so called growth industry as a “self-deceiving cycle of bountiful expansion and undetected decay.” The four conditions which make up this cycle are reasons companies should continue to invest in product innovation and development. * The population myth is a belief that as more consumers enter the market‚ there is a greater opportunity for sustained profits
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1.0 Introduction In line with Levitt (1960)‚ Marketing Myopia refers to the narrow view of myopia‚ marketing and business environment. This kind of advertising program without any demand with clients but an organization will is to sell goods or services within particular economic markets. It tilted a business to focus on its desire‚ rather than what the shopping desires‚ and often modifying to form a culture of immunity each typically end up losing the name‚ business damage and ineffective commercial
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Marketing Myopia is defined by how almost every major industry used to once be a growth industry. However‚ presently they have already reached a declining period where growth is unable to return though not the fault of the market. As the market is not saturated making growth difficult‚ reaching the declining period was due to companies being unable to manage themselves properly. Fateful purpose is created by the inability for executives at the top to realize what the purpose of their company is
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Marketing Myopia Marketing Myopia can be defined as a short-sighted and inward looking approach to marketing that focuses on the needs of the company instead of defining the company and its products in terms of the customers’ needs and wants. It results in the failure to see and adjust to the rapid changes in their markets. For example‚ transportation is a generic need filled by buses‚ cars‚ trains‚ airlines and shipping lines all of them being in the transport business. Finding the generic
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OF “MARKETING MYOPIA” Critique of “Marketing Myopia”Written in 1960‚ the paper “Marketing Myopia” was written by Theodore Levitt‚ a professor of marketingat Harvard Business School. It has been republished a number of times since then. The publication thatthis critique is based on is from the Best of HBR series‚ in the July-August edition of the Harvard BusinessReview (pages 138-149).In Levitt’s article‚ he explores and details issues he saw with big business’ short-sightedness (i.e.“myopia”) and
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02/23/10 - Marketing Myopia The marketing concept is the philosophy that firms should analyze the needs of their customers and then make decisions to satisfy those needs‚ better than the competition. Today most firms have adopted the marketing concept‚ but this has not always been the case. In 1776 in The Wealth of Nations‚ Adam Smith wrote that the needs of producers should be considered only with regard to meeting the needs of consumers. While this philosophy is consistent with the marketing concept
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By looking at the growth and decline of industries‚ issues are not with the management as suggested by Levitt. The industry itself has a lifecycle of its own. The industry has followers‚ innovators and pioneers. The industry will initially grow slowly and then will show a sudden growth followed by a steady state and then a decline. Growth does not only signify in one direction‚ it can be a lateral growth with diversification as well. I would like to critique the thoughts used for defining growth
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Chen Junsheng Steed 25839217 Marketing Myopia Key points. ·Failure of management instead of market saturation is the key reason for growth industry being threatened‚ slowed or stopped. Fateful Purpose ·Endanger their futures by improperly defining their purposes. Eg. Railways are in trouble because they were railroad-oriented instead of transportation-oriented. Hollywood view TV as a threat. ·Be customer-oriented and watchfulness for opportunities is a key point for success. Eg. Nemours
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"MARKETING MYOPIA" MYOPIA (adapted from Mintzberg‚ 1994:279-281) In 1960‚ Theodore Levitt‚ a marketing professor at the Harvard Business School‚ published a celebrated article entitled "Marketing Myopia." It is difficult to find a manager or planner who does not know the theme‚ even if he or she has never read the article.The basic point was that firms should define themselves in terms of broad industry orientation—"underlying generic need" in the words of Kotler and Singh (1981:39)—rather than
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Summary of Marketing Myopia Shorter University Abstract This document summarizes the work of Theodore Levitt in his work published in The Harvard Business Review titled “Marketing Myopia.” Levitt’s work details the reasons growth industries are actually not that at all‚ and how organizations fail across the globe in regards to marketing. In addition‚ the document will correlate Levitt’s work in 1960 to contemporary marketing. Keyword: Theodore Levitt‚ marketing myopia‚ contemporary marketing A Summary
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