Apr
15
2010
Marketing Through the Centuries
Author:Brad Powers earned his B.A. in psychology from Clark University in Worcester, Massachusetts, and then went on to receive his M.B.A. from the Graduate School of Management, also at Clark University.
Business practices have shifted throughout history. As markets matured through time and supply increased (overcapacity) compared with demand companies were forced to shift the focus away from productivity to the customer in order to maintain their profitability. This shift has been occurring slowly over the past 2-3 centuries.
According to the American Marketing Association (AMA) marketing is “the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.”
