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What is Marketing Paradigms
Marketing Paradigms can be classified into
a) Relationship Marketing
b) Network Marketing
c) Diversity Marketing
d) Evangelism Marketing
A marketing paradigm defines the way marketing is being done using a set of procedures and systems.
What is Traditional Marketing Paradigm
Marketing may have the same age as civilization itself, when talking about modern marketing as applied art, the 1960s and 70s must be considered the beginning, in consumer markets where relatively low-valued products were sold to mass markets using mass media.
Determining first the customers’ needs, and producing after that a product or service, able to satisfy these needs were the most important aspects of the marketing theory based on the fact that the firm's strategic decisions were driven by customer expectations.
Over the years this fundament has suffered many changes and even different names, among which there are: marketing orientation, the customer was driven, the marketing philosophy, customer intimacy, customer focus, and market-driven.
The evolution of marketing seen as a discipline also suffered many changes such as:
Shifts from mass marketing to segmented marketing to mass customization; actions of including industrial markets (based on the concepts of "long-term marketing relationships", "micro-segmentation", and "buying centers"), electronic markets (based on the concept of "personalized marketing"), and channel management (based on the concepts of "supply chain marketing programs" and "distributor marketing programs").
What is New Marketing Paradigms
A new perspective on marketing was felt as necessary since the 1980s, when a group of theorists considered this gradual evolution as no longer pertinent, considering marketing as an established discipline ripe for a paradigm shift.
Their perspective is often related to relationship marketing, customer experience management, or network marketing.
For relationship marketers, a complete revamping of the discipline is necessary, due to the shift from single transaction marketing to long-term relationship marketing.
Their option is denied by the customer experience marketers who disagree with relationship marketers' dependence on customer relationship management software, which caused them to lose focus on the individual customer's experience of the service encounter. Network marketers bring a new view pointing out the interconnectedness of market actors and transactions, being seen as the application of systems thinking to market.
Marketing Paradigms Homework Help