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)

13 Comments

  1. As Business student (MBA), I have found this site very interesting and worthy.
  2. This site has always been the best, it has helped me with all my assignments. Thanks so much.
  3. The site has really helped me in my assignments. Keep it up and thanks to you all.
  4. Excellent work.
  5. As a student at the University of Nairobi this site has furthered my studies hence it has greatly archived its purpose. Kudos
  6. This article is very helpful to me, it's very educational and easy to understand.
  7. Thank you so much I will share this with to my fellow classmates.
  8. Nice job keep it up.
  9. This is an amazing work, keep it up.
  10. Brilliant piece of work and useful for researchers so keep it up!
  11. I am a mass communication student and this site gave me good information on my future direction. Thanks a lot.
  12. I really like this site because it is educating and assist people especially students to understand marketing in a more simple and advance way.
  13. 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

420 pages - Only $30

KnowThis MB 2nd EditionKnowThis: Marketing Basics, 2nd Edition 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 60% new material not found on KnowThis.com. For more information including taking a look inside, Click Here.