Marketing Mix Paradigm Fosters Toolbox Thinking, Relationship Marketing Emerges as Future
The article discusses how the traditional marketing approach of using the Four P model (product, price, place, promotion) may not be the best fit for today's business environment. Instead, it suggests that building and managing relationships with customers is a more effective strategy. This relationship marketing approach focuses on forming partnerships and alliances, rather than just selling products. The authors argue that this shift in thinking can lead to better marketing strategies, pricing, quality management, and overall business development.