The Role of Marketing

As we’ve seen the key objective of an organization’s marketing efforts is to develop satisfying relationships with customers that benefit both the customer and the organization. These efforts lead marketing to serve an important role within most organizations and within society.

At the organizational level, marketing is a vital business function that is necessary in nearly all industries whether the organization operates as a for-profit or as a not-for-profit. For the for-profit organization, marketing is responsible for most tasks that bring revenue and, hopefully, profits to an organization. For the not-for-profit organization, marketing is responsible for attracting customers needed to support the not-for-profit’s mission, such as raising donations or supporting a cause. For both types of organizations, it is unlikely they can survive without a strong marketing effort.

Marketing is also the organizational business area that interacts most frequently with the public and, consequently, what the public knows about an organization is determined by their interactions with marketers. For example, customers may believe a company is dynamic and creative based on its advertising message.

At a broader level marketing offers significant benefits to society. These benefits include:

  • Developing products that satisfy needs, including products that enhance society’s quality of life
  • Creating a competitive environment that helps lower product prices
  • Developing product distribution systems that offer access to products to a large number of customers and many geographic regions
  • Building demand for products that require organizations to expand their labor force
  • Offering techniques that have the ability to convey messages that change societal behavior in a positive way (e.g., anti-smoking advertising)

3 Comments

  1. I am a mass communication student and this site gave me good information on my future direction. Thanks a lot.
  2. I really like this site because it is educating and assist people especially students to understand marketing in a more simple and advance way.
  3. Hey I'm an Economics and Management student, I have found this site very fascinating. I have learned a lot from this and it has increased my level in Principles of Marketing. Good job keep up the good work.

Add Comment

 

KnowThis: Marketing Basics Book

396 pages - Only $25

KnowThis: Marketing Basics Book Our first book offers in-depth coverage of marketing and is ideal for the marketing novice, the marketing educator, the marketing professional and anyone else who needs to know about marketing. This book includes more than 50% new material not found on KnowThis.com. For more information including taking a look inside, Click Here.

Samples of Marketing Tutorials

Descriptive Market Research
The focus of descriptive research is to provide an accurate description for something that is occurring. For example, what age group is buying a particular brand, a product’s market share within a certain industry, how many competitors a company faces, etc. This type of research is by far the most popular form of market research. It is u…

Read more...