Does marketing create or satisfy needs essay

There can be different answers to this question, and they could be different in their depth, for example, but I think that two part of this question are right and there is no necessity to choose one right variation. Discussing this question, we see that debate about this topic has a real base under it. On the other hand, you have those who describe marketing as merely the process through which value is created for a consumer by various means of communication.

Does marketing create or satisfy needs essay

Within a few decades, machine intelligence will surpass human intelligence, leading to The Singularity — technological change so rapid and profound it represents a rupture in the fabric of human history.

Does marketing create or satisfy needs essay

The implications include the merger of biological and nonbiological intelligence, immortal software-based humans, and ultra-high levels of intelligence that expand outward in the universe at the speed of light.

For complete details, see below. Until I return to a further explanation, however, do read the first sentence of this paragraph carefully. Now back to the future: Our forebears expected the future to be pretty much like their present, which had been pretty much like their past.

Although exponential trends did exist a thousand years ago, they were at that very early stage where an exponential trend is so flat that it looks like no trend at all.

The Intuitive Linear View versus the Historical Exponential View

So their lack of expectations was largely fulfilled. Today, in accordance with the common wisdom, everyone expects continuous technological progress and the social repercussions that follow. But the future will be far more surprising than most observers realize: Bill and I have been frequently paired in a variety of venues as pessimist and optimist respectively.

When people think of a future period, they intuitively assume that the current rate of progress will continue for future periods. However, careful consideration of the pace of technology shows that the rate of progress is not constant, but it is human nature to adapt to the changing pace, so the intuitive view is that the pace will continue at the current rate.

Even for those of us who have been around long enough to experience how the pace increases over time, our unexamined intuition nonetheless provides the impression that progress changes at the rate that we have experienced recently.

So even though the rate of progress in the very recent past e. It is typical, therefore, that even sophisticated commentators, when considering the future, extrapolate the current pace of change over the next 10 years or years to determine their expectations.

But a serious assessment of the history of technology shows that technological change is exponential. In exponential growth, we find that a key measurement such as computational power is multiplied by a constant factor for each unit of time e.

Exponential growth is a feature of any evolutionary process, of which technology is a primary example. One can examine the data in different ways, on different time scales, and for a wide variety of technologies ranging from electronic to biological, and the acceleration of progress and growth applies.

What it clearly shows is that technology, particularly the pace of technological change, advances at least exponentially, not linearly, and has been doing so since the advent of technology, indeed since the advent of evolution on Earth.

I emphasize this point because it is the most important failure that would-be prognosticators make in considering future trends. That is why people tend to overestimate what can be achieved in the short term because we tend to leave out necessary detailsbut underestimate what can be achieved in the long term because the exponential growth is ignored.

The Law of Accelerating Returns We can organize these observations into what I call the law of accelerating returns as follows: Evolution applies positive feedback in that the more capable methods resulting from one stage of evolutionary progress are used to create the next stage.

As a result, the rate of progress of an evolutionary process increases exponentially over time. In another positive feedback loop, as a particular evolutionary process e. This results in a second level of exponential growth i.

Biological evolution is one such evolutionary process. Technological evolution is another such evolutionary process.

Indeed, the emergence of the first technology creating species resulted in the new evolutionary process of technology. Therefore, technological evolution is an outgrowth of—and a continuation of—biological evolution.

A specific paradigm a method or approach to solving a problem, e. When this happens, a paradigm shift i.Marketing Plan For A University Hospital - “University must develop a marketing plan. A marketing plan is a strategic document that is designed to facilitate the achievement of specific business goals and objectives over a specific time period.

does marketing create or satisfy needs?

Does marketing create or satisfy needs essay

Understanding and satisfying human needs, wants and demands is a requisite for every marketing company to effectively communicate, exchange offerings and create value for customers. Thus, the marketing function is to search needs and then satisfy it.

Marketing Mix Definition of the 4P's and 7P's

According to Philip Kotler, the mission of marketing is to create products that satisfy the unmet needs of target markets.

The marketers do not create needs: Needs preexist marketers. Published: Mon, 5 Dec Marketing strategy as defined by the Chartered institute of Marketing is: “A set of objectives which an organisation allocates to its marketing function in order to support the overall corporate strategy, together with the broad methods to achieve these objectives”.

Does marketing create or satisfy needs Essay Sample Marketing is an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders.

Ted Levitt, along with Peter Drucker and John McKittrick, conceived of the marketing concept: In short, that the purpose of business is to create and keep satisfied customers-- .

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