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The 4Ps of the marketing mix are wirtten in stone(Price, Product, Place, Promotion). Etched beneath are the 3 additional Ps of the service marketing mix (Physical Evidence, Process and People). The last of these, 'People', refers to the folks we employ and how theycommunicatewithcustomers. But in theage of the Internet,the population is beginingto dictate the types of product and servicepeople would like to see - they arethe ones initiating the communication not the organisation. This 'Public Input' is beginning to have an impact in the mix and some organisations are harnessing it's power. Running shoes designedby the customer, ads designed by the audience; it's early days but the newly empowered general public are finding their feet and beginning to voice their opinion. Some would argue that the opportunity for any member of the publicto publish anything, at any time, about a brand is simply an impossible task to manage and I would agree with this but only in part. This is not a case of issues management it is a case of developing pro-active strategies to influence public opinion through the Internet. This needs to begin with education. Teachers and students both need to understand that there is an 8th 'P' in the mix and start including strategies in the marketing plan to harness 'Public input'. The companies that realise this shift in the marketing mix and act on itwill be the ones that flourish, those that continue to dictate rather than converse, in my humble opinion, will be those that are left behind. | |||||||||||
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October 2007 Got to say I agree, but the problem is that the teaching of marketing is still very much stuck in the past as opposed to embracing and understanding the new ways of doing business.
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November 2007 Duncan is right on the fact marketing teaching is also written in the stone : classic marketing rules like the 4Ps mix, industrial oriented marketing plans process or other faces from traditionnal marketing.
Marketing has moved with ebusiness and social networks, that's true for all new tools emarketers use today and for social marketing campaigns outside the web sphere : 8Ps Marc-Loveridge show us and the 4C (Customer, Cost, Channels, Communication) I really enjoy because it turns the marketing diagnotic from the market push will to the user/customer collaboration.
The success is in this relation with users : Nike+, NorthFace and other companies prooved that today your best business partner is your users, not the millions dollars you only put on R&D !
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