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.
A great ad campaign will make a bad product fail faster. It will get more people to know it's bad.
Properly practiced creativity must result in greater sales more economically achieved. Properly practiced creativity can lift your claims out of the swamp of sameness and make them accepted, believed, persuasive, urgent.
Great advertising, in and of itself, becomes a benefit of the product.
The work of an advertising agency is warmly and immediately human. It deals with human needs, wants, dreams and hopes. Its 'product' cannot be turned out on an assembly line.
Anyone who thinks that people can be fooled or pushed around has an inaccurate and pretty low estimate of people - and he won't do very well in advertising.
There is no such thing as a good or bad ad in isolation. What is good at one moment is bad at another. Research can trap you into the past.
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