marketing concepts

Marketing management philosophies – Five marketing concepts

Marketing management philosophies – Five marketing concepts
3.9 (78.57%) 14 votes

Marketing is “the science and art of exploring, creating, and delivering value to satisfy the needs of a target market at a profit”. Marketing concepts (or marketing management philosophies) are the philosophies used by the businesses to guide their marketing efforts. Basically, marketing concepts relate to the philosophy a business use to identify and fulfil the needs of its customers, benefiting both the customer and the company.

Same philosophy cannot result in a gain for every business, hence different businesses use different marketing concepts (also called marketing management philosophies).

Marketing concepts are driven by clear objectives like cost efficiency, product quality, customer’s need fulfilment etc.

Marketing Management Philosophies

There are five marketing concepts. A company should choose the right one according to their and their customers’ needs.

  1. Production Concept
  2. Product Concept
  3. Selling Concept
  4. Marketing Concept
  5. Social Marketing Concept

Production Concept

This concept works on an assumption that consumers prefer a product which is inexpensive and widely available. This view point was encapsulated in Says Law which states ‘Supply creates its own demand’. Hence companies focus on producing more of the product and making sure that it is available to the customer everywhere easily.

Increase in the production of the product makes the companies get the advantage of economies of scale. This decreased production cost makes the product inexpensive and more attractive to the customer.


Low price may attract new customers, but the focus is just on production and not on the product quality. This may result in a decrease in sales if the product is not up to the standards.

This philosophy only works when the demand is more than the supply. Moreover, a customer not always prefers an inexpensive product over others. There are many other factors which influence his purchase decision.

production concept marketing management philosophies

Examples of Production Concept of Marketing Management Philosophies

  • Companies whose product market is spread all over the world may use this approach.
  • Companies having an advantage of monopoly.
  • Any other company whose product’s demand is more than its supply.

 Product Concept

This concept works on an assumption that customers prefer products of ‘greater quality’ and ‘price and availability’ doesn’t influence their purchase decision. Hence company devotes most of its time in developing a product of greater quality which usually turns out to be expensive.

Since the main focus of the marketers is the product quality, they often lose or fail to appeal to customers whose demands are driven by other factors like price, availability, usability, etc.

product concept marketing management philosophies

Examples of Product Concept of Marketing Management Philosophies

  • Companies in the technology industry.
  • Companies having an advantage of monopoly.

 Selling Concept

Production and product concept both focus on production but selling concept focuses on making an actual sale of the product. Selling Concept focuses on making every possible sale of the product, regardless of the quality of the product or the need of the customer. The main focus is to make money. This philosophy doesn’t include building relations with the customers. Hence repeated sales are very less. Companies following this concept may even try to deceive the customers to make them buy their product.



Companies which follow this philosophy have a short sighted approach as they ‘try to sell what they make rather than what market wants’.

SALES concept marketing management philosophies

Examples of Selling Concept of Marketing Management Philosophies

  • Companies with short sighted profit goals. This often leads to marketing myopia.
  • Fraudulent companies.

 Marketing Concept

Selling Concept cannot let a company last long in the market. It’s a consumers market after all. To succeed in the 21st century, one has to produce a product to fulfil the needs of their customers. Hence, emerged the marketing concept. This concept works on an assumption that consumers buy products which fulfil their needs. Businesses following the marketing concept conduct researches to know about customers’ needs and wants and come out with products to fulfil the same better than the competitors. By doing so, the business establishes a relationship with the customer and generate profits in the long run.

However, this isn’t the only philosophy that should be followed by all the businesses. Many businesses still follow other concepts and make profits. It totally depends on the demand and supply and the needs of the parties involved.

MARKETING concept marketing management philosophies

Examples of Marketing Concept of Marketing Management Philosophies

  • Companies in perfect competition.
  • Companies who want to stay in the market for a long time.

 Societal Marketing Concept

Adding to the marketing concept, this philosophy focuses on society’s well-being as well. Business focuses on how to fulfil the needs of the customer without affecting the environment, natural resources and focusing on society’s well-being. This philosophy believes that the business is a part of the society and hence should take part in social services like the elimination of poverty, illiteracy, and controlling explosive population growth etc.

SOCIETAL marketing concept marketing management philosophies

Many of the big companies have included corporate social responsibility as a part of their marketing activities.

Holistic Marketing Concept

Holistic marketing is a new addition to the business marketing management philosophies which considers business and all its parts as one single entity and gives a shared purpose to every activity and person related to that business. A business, like a human body, has different parts, but it’s only able to function properly when all those parts work together towards the same objective. Holistic marketing concept enforces this interrelatedness and believes that a broad and integrated perspective is essential to attain best results.


Go On, Tell Us What You Think!

Did we miss something?  Come on! Tell us what you think of this article on marketing management philosophies in the comments section.

Save



Written by

A marketer, a dreamer, a traveler and a philomath. I prefer stargazing to spending nights in clubs.

You may also like...

  • swati says:

    It’s very useful & good presentation. Thanku .

  • Prince says:

    Thanku so much for providing these concepts in such an effective manner. I found it very useful.

  • Zee says:

    Great article. Love how it is well defined and explained with examples!

  • lucy says:

    lovely , self explanatory article. i found this very helpful

  • Sneha says:

    Very very useful…..Thank you so so much….?

  • sky says:

    This has helped me to face my exam.

  • Goddy Moffat says:

    Well articulated and find presentation.

    Lov this

  • jerifa says:

    Holistic marketing concept can be added .

  • Paul Armstrong says:

    The blog’s so educating, But what name or description can we give to a marketing philosophy if it comprises both product and production marketing philosophies at the same time? It’s possible for a company to target both poor and rich people market segments simultaneously.

  • hope says:

    very helpful,the article is well explained, I finally understood the concepts.

  • Anusha says:

    Wonderful! It was very useful but i think you should add integrated marketing concept as well and briefly explain the different examples relating to the present world.

  • jxam says:

    a think this the best article
    thanku

  • SAMEER AHMAD SIDDIQUI says:

    A lovely well defined article,
    Have to read it a single time.
    A perfect time saver in a crunchy exam situation

  • shipra mallick says:

    this presentation is very much useful to all persons who want to know about this concept

  • Staicy says:

    Easy to understand with straight to the point elaborations.

  • Thabile says:

    Thank you very much this is so helpful….

  • Rosalia says:

    Very insightful…

    Example of Societal Marketing concept.

    ▪️Companies whose activity adversely affect the environment. For instance mining companies. Such organisations embark on rehabilitation to bring back a disturbed land to it’s natural state.

    ▪️I stand to be corrected▪️

  • John Efe says:

    Lovely site, very useful for students, marketers and organisation

  • nelson says:

    good presentation

  • Tony says:

    very helpful. Precise objectives

  • Niralee Dhulla says:

    great explained

  • Close
    >