Marketing is Business

By: Contributor(s): Publication details: New delhi Business world Media Pvt Ltd 2023Description: Vol 42 Issue 24 Pg 70-73Subject(s): In: Business WorldSummary: The marketing landscape is rapidly changing due to technological advancements, shifting consumer expectations, and global events like the pandemic and war in Europe. Despite the rise of artificial intelligence, 73% of Indian marketers believe in human creativity, highlighting the importance of adaptability, creativity, and a customer-centric approach in the ever-evolving world of marketing. Today's customers value more than just digital experiences, and a combination of collection, care, and convenience is crucial for attracting and retaining customers. Experience-driven marketing is also essential, with 87% of marketers agreeing that brands are constructed through experiences. Over 80% of marketers agree that technologies like live streaming blur the lines between content and commerce, and 58% focus on infusing moments of joy into their campaigns. Effective marketing is crucial for sustainable growth, with customer-centric values, pricing power, brand resilience, repeat purchases, cost efficiencies, profits, partnerships, and shared objectives in business interactions.
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Article St. Francis Institute of Management and Research Available AR1054

The marketing landscape is rapidly changing due to technological advancements, shifting consumer expectations, and global events like the pandemic and war in Europe. Despite the rise of artificial intelligence, 73% of Indian marketers believe in human creativity, highlighting the importance of adaptability, creativity, and a customer-centric approach in the ever-evolving world of marketing. Today's customers value more than just digital experiences, and a combination of collection, care, and convenience is crucial for attracting and retaining customers. Experience-driven marketing is also essential, with 87% of marketers agreeing that brands are constructed through experiences. Over 80% of marketers agree that technologies like live streaming blur the lines between content and commerce, and 58% focus on infusing moments of joy into their campaigns. Effective marketing is crucial for sustainable growth, with customer-centric values, pricing power, brand resilience, repeat purchases, cost efficiencies, profits, partnerships, and shared objectives in business interactions.

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