Poor firms ignore their competitors; average firms copy their competitors; winning firms lead their competitors.
Philip KotlerRead
Marketing is becoming a battle based on information than on sales power.
Interpretation
This quote emphasizes the shift in marketing from simply selling products to leveraging information for strategic advantage.
Philip Kotler's quote highlights the evolving nature of marketing in today's world. It stresses that successful marketing is increasingly reliant on data, insights, and information rather than merely the aggressive pursuit of sales. As consumers become more informed, marketers must focus on understanding their audience and providing value through informed strategies, making information a crucial asset in the competitive landscape.
In practice
In a marketing seminar discussing the importance of data-driven decisions.
Poor firms ignore their competitors; average firms copy their competitors; winning firms lead their competitors.
The art of marketing is the art of brand building. If you arenot a brand, you are a commodity. Then price is everything and the low-cost producer is the only winner.
Marketing is a race without a finishing line
The key to branding, especially for smaller firms, is to focus on a limited number of issue areas and develop superb expertise in those areas.
Companies pay too much attention to the cost of doing something. They should worry more about the cost of not doing it.
Marketing is not the art of finding clever ways to dispose of what you make. It is the art of creating genuine customer value.
People rarely buy what they need. They buy what they want.
Great advertising, in and of itself, becomes a benefit of the product.
Between two products equal in price, function and quality, the one with the most attractive exterior will win.
Your story needs to move people’s spirits and build their goodwill, so that when you finally do ask them to buy from you, they feel like you’ve given them so much it would be almost rude to refuse.
If you're a marketer who doesn't know how to invent, design, influence, adapt, and ultimately discard products, then you're no longer a marketer. You're deadwood.
In advertising, not to be different is virtually suicidal.
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