Abstract
The marketing function is potentially a stumbling block to joint ventures between the East and West because marketing is conceived of and implemented in very different ways in these two systems. In the capitalist West, marketers view their job as discovering what the ultimate consumer wants and then winning sales by giving them exactly what they desire. In the socialist East this degree of decentralisation has not traditionally existed, and the ultimate consumer is often not the decision maker who determines what products will be made and how they will go to market. Several useful paradigms of marketing are examined which, although not “fashionable” in the West, do provide a means for people involved in joint ventures to discuss the marketing function and the various goals served by it. By being aware of these differing orientations, marketing can avoid sterile discussion which focus merely on the customer‐orientated marketing management approach so popular in the capitalist countries today.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.