Marketing in Business: Strategies and Types Explained
Service-dominant logic is an approach to business that recognizes that consumers want value no matter how it is delivered, whether it’s via a product, a service, or a combination of the two. Although there is merit in this belief, there is also merit to the value approach and the one-to-one approach. As you will see throughout this book, all three are intertwined. Communicating goals to everyone across the business is vital to ensuring a great customer experience across all touchpoints, say senior marketers from Octopus Energy and the FT. This concept originated from Adam Smith's book The Wealth of Nations but would not become widely used until nearly 200 years later. Relationship marketingleverages database marketing, behavioral advertising and analytics to target consumers precisely and create loyalty programs. In fact, the fundamental purpose of marketing is to attract consumers to your brand through messaging. Ideally, that messaging will helpful and educational to your targ...