Market orientation and product orientation
Marketing focuses on consumer needs and wants and, in modern-day management, it is the consumer whodrives product development and production more than the product developer. This approach is known as a market- or consumer-orientated. On the whole, the days of developing a product and then finding a market, which is a product-orientated approach, are disappearing. However, this still happens to an extent and there are a number of approaches that put the consumer, or market, last:
Mentioned above approaches concentrate on product production and selling techniques and take little notice of the consumer. Market-orientated firms put the consumer/customer on the first place. The business will attempt to produce what the consumers need or want, rather than try to sell them a product they do not really want to buy. Market orientation is the most common form of marketing these days and the reasons for it were very well described by Robert Heller, in his book The Supermarketers. He said, It is quite misguided to pursue the technology-push policy - a delusion with much industrial blood on its hands. The myth goes that if you make a better mousetrap the world will beat a path to your door. It has been disproved again and again, never more comprehensively than by the total defeat of competitors who had genuinely stolen technological marches on IBM in mainframe computers ... Despite all such evidence, many allegedly marketing orientated companies still operate on the mousetrap principle: improve the product, they think, and technology push will create the sales. In fact, success and survival in business depend upon the whole marketing process. Finding out what the consumer wants and then supplying it at a profit requires the following:
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