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Product Marketing Strategy helps manufacturers with product marketing, product strategy, and marketing strategy to maximize profitability over the product life cycle.

Posts Tagged ‘8 Ps’

Marketing Mix Strategies

Apr 17 2013

Marketing Mix Strategies

 

Marketing Mix Strategies are continuing to evolve from their original beginnings in the 1940s. It all began with the 4 Ps of Product, Price, Place and Promotion. In the beginning, the  marketing manager was known as the “mixer of ingredients”. Sometimes the recipe was fairly standard, other times it would be developed as  things moved along. Sometimes it was created from available ingredients and other times new ingredients were added.

In the continuing evolution of the marketing mix strategies, the 4 Ps grew to be 7 Ps and then 8 Ps. Other strategists came along and developed the 4 Cs of Consumer, Cost, Communication and Convenience. That, of course grew into the 7 Cs. Ps or Cs is more a question of perspective as the Product is the definition of the features of the product required to meet the needs of the Consumer.

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head-and-sholders  Robert Cannon

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