Rather than merely making money, it is to create and keep a customer. Theory is used transparently to inform and guide development and theoretical assumptions to be tested as part of the social marketing process. The concept delineates a product using the following four dimensions. Theodore levitt march 1, 1925, june 28, 2006 was an american economist and a professor at the harvard business school. Theodore levitt s 1960 article marketing myopia is a business classic that earned its author the nickname the father of modern marketing. The social marketing process takes into account behavioral theory across four primary biophysical, psychological, social, and. Free registered users may view 3 magazine articles per month.
Mar 16, 2012 i just finished reading creativity is not enough, an hbr article that theodore levitt wrote more than 40 years ago. Marketing myopia is more or less is evident at some stage of a growing industry. Pdf refers to the historic article by theodore levitt, entitled marketing myopia, that. According to levitt 1983, the optimum global strategy is to produce a single standardized product and sell it through a standardized marketing program. Marketing myopia 1960 and the globalization of markets 1983. Ppt marketing myopia by theodore levitt powerpoint. His seminal, occasionally controversial, articles owe as much to their racy writing style as their provocative content. Theodore levitts 1960 article marketing myopia is a business classic that earned its author the nickname the father of modern marketing. The new marketing myopia abstract during the past half century, marketers generally have heeded levitts 1960 advice to avoid marketing myopia by focusing on c ustomers. Marketing myopia was written by the late theodore levitt over 55 years ago. In 1983, he proposed a definition for corporate purpose. Rather than agreeing with levitt, however, most observers today believe that his arguments were flawed and his predictions have not been borne out.
Theodore levitt, a longtime professor of it blew over. In fact, he coined the term globalization of markets and years later they are still debating whether levitt was right. Although the content of levitts publications have been debated at length, his style has attracted much less academic attention. The globalization of markets theodore levitt the worldwide success of a growing list of products that have become household names is evidence that consumers the world over, despite deeprooted cultural differences, are becoming more and more alike or, as the author puts it, homogenized. The concept of marketing and many of the theories of consumer behavior with. Since its publication in 1983, the marketing imagination has been widely praised as the classic, allinclusive levitt on marketing.
How do i find theodore levitts classic hbr article. Marketing myopia, a useful marketing strategy theory toolshero. Theodore levittas the globalization of markets, published in 1983, is considered in retrospect to be flawed. The article is as much about strategy as it is about market ing, but it also introduced the. Theodore levitt explains this phenomenon by the carefully penned term marketing myopia which refers to the shortsighted visions by the topmanagement that is focused on enhancing products rather than assessing customer needs. Pdf marketing myopia download full pdf book download. Marketing myopia, a useful marketing strategy theory. Packards 1957 hidden persuaders and levitts 1960 marketing myopia, marketing as both an academic and business discipline has become more sophisticated in its methods and delivery, contributing to increasing prosperity. Share theodore levitt quotations about innovation, imagination and creativity. Ppt marketing myopia powerpoint presentation free to view. Theodore levitts the globalization of markets free essay. Marketing myopia is used in marketing as well as the title of a marketing paper written by theodore levitt.
The marketing imagination, by theodore levitt, new york. Logistic strategy and organizational structure in brazilian small and. Now, two decades later, the globalization of markets is still widely read. This notion is at the heart of jobstobedone theory. He, along with peter drucker, was the father of customercentric marketing and marketing as a business philosophy, not just another operational function to be. Discuss this view, drawing on relevant organisationsproducts in order to support your points. I just finished reading creativity is not enough, an hbr article that theodore levitt wrote more than 40 years ago.
Theodore levitt march 1, 1925, vollmerz, mainkinzigkreis, germany june 28, 2006, belmont, massachusetts was an american economist and professor at. Theodore levitt, the real theorist tried to narrate how some misconceptions or constricted vision can impede a companys long run. Among the implications of this focus, none is more central than the insistence on identifying and catering to the needs of the consumer. As theodore levitt said, people do not want a quarterinch drill, they want a quarter inch hole. Marketing myopia an update how theodore levitt changed. As the title indicates, the father of globalization theory says the creativity is a good thing, but that companies should not pay too much attention to creative types because they might be harmful to the business. For an organization to be able to cater to the needs of a market, it not only needs to be technically sound but also consumer oriented. Theodore levitt was one of the first scholars to write a highimpact article on globalization aimed at business managers. Theodore levitt march 1, 1925, vollmerz, mainkinzigkreis, germany june 28, 2006, belmont, massachusetts was an american economist and professor at harvard business school. Marketing myopia suggests that businesses will do better in the end if they concentrate on meeting customers needs rather than. Levitt explains the downfall of railroads stating that the industry was defined incorrectly. This book published in the early 1960s is dated, but the overarching observations and general marketing principles harvard marketing professor levitt lays out are still worth reading. Buy books, tools, case studies, and articles on leadership, strategy, innovation. The marketing myopia theory was proposed by theodore levitt.
Is theodore levitts article creativity is not enough still. Theodore levitts marketing myopia1 business academic theodore levitt enjoys wide influence as an exponent of the importance of marketing for contemporary business. Yet to its detractors, marketing should shoulder its share of blame for the growth of the. A free powerpoint ppt presentation displayed as a flash slide show on id. The social marketing process takes into account behavioral theory across four primary biophysical, psychological, social, and environmental or ecological domains. Professor theodore levitt, legendary marketing scholar and. Theodore levitt, a longtime professor of marketing at harvard business school in boston, is now professor emeritus. According to levitt, marketing myopia is something that many commercial organisations suffer from, namely that they have a shortsighted and inward. Jun 21, 2019 the marketing myopia theory was proposed by theodore levitt.
We argue that they learned this lesson too well, resulting today in a new form of marketing myopia. Marketing myopia an update how theodore levitt changed our. Levitt s main thesis companies must stay relevant to survive. Levitts main thesis companies must stay relevant to survive. The everfaster flow of information across the globe has made people aware of the tastes, preferences, and lifestyles of citizens in other countries. Theodore levitt s marketing myopia1 business academic theodore levitt enjoys wide influence as an exponent of the importance of marketing for contemporary business. His most recent books are thinking about man agement 1990 and the marketing imag ination 1983, bothfrom free press. The theory states that marketers should look towards the market and modify the company. Now theodore levitt renowned as the harvard business schools guru of marketing has newly expanded his original work to recap the developing globalization debate and to respond to his critics. His most recent books are thinking about management 1990 and the marketing.
The total product concept is how companies and salespeople can analyze a product and market and sell it more effectively. The future of social marketing asian development bank. What is marketing myopia and what does the theory suggest. Theodore levitts theory of globalization to most of us, globalizationas a political, economic, social, and technological forceappears all but unstoppable. The essays argument is that the emergence of global markets for standardized consumer products of a hitherto undreamedof magnitude. Theodore levitt, germanborn american economist born march 1, 1925, vollmerz, ger. Alex elwood nikolas foster blake overall shaelee pittenger lorelei wilson what is myopia nearsightednessnot inherited. Management, marketing myopia, strategic management, competitive strategy. Brownlie, d saren, m and whittington r wensley, r 1994 the new marketing myopia critical perspectives on thery and research in marketing introduction european journal of marketing vol 28 n03, pp612.
Professor theodore levitt is widely regarded as the poet laureate of the marketing academy. Marketing myopia, a highlightening marketing theory projects crucial facts diagnosed in business organizations. The paradoxes in global marketing communications 5. Professor theodore levitt who woke up the world of marketing with two seminal articles. In the globalization of markets, theodore levitt proposed that firms must adopt a homogenised approach to marketing in order to succeed in the international market. Pdf marketing myopia by theodore levitt may boutaleb. Key words literary criticism marketing myopia theodore levitt writing. Carter professor of business administration at the harvard business school. In this widely quoted and anthologized article, first published in 1960, theodore levitt argues that the history of every dead and.