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Abstract: The new marketing myopia portrays companies that focus excessively on the customer, neglecting other stakeholders' demands that can transform the market and lead companies to failure. Although this discussion is present in marketing literature, researchers and marketers miss trails to identify new marketing myopia. This study aims to analyze business strategies under the new marketing myopia perspective.
Qualitative and descriptive research was undertaken through a multiple case study of five South American companies acknowledge by Forbes for the customer orientation. Resumo: A nova miopia em marketing retrata empresas com ênfase excessiva no cliente, desconsiderando demandas de outros stakeholders que transformam o mercado e levam as empresas à falência. Este estudo analisa estratégias de negócios sob a perspectiva da nova miopia em marketing. Os resultados mostram a dificuldade de as empresas equilibrarem as demandas dos clientes e stakeholders considerando suas estratégias de negócio.
Smith et al. Through this novel concept of marketing myopia, the marketers concpt comprehend the broader social context of decision making, entailing catastrophic results for their organizations and society Smith et al. However, after one decade since the beginning of the discussion, the marketers have not learned the new lesson yet. Moreover, there is the case of excessive use of agrochemicals in the food industry to improve the aesthetic attributes of products and meet customer demands for a pleasing appearance on the supermarket shelf.
However, several stakeholders are negatively impacted in the process, such as workers who what are the concept of marketing myopia the agrochemicals, the health of individuals in the long term, public institutions dealing with public health. Aare myopia of not comprehending the what is causation in social science of all agents involved may lead these companies to be replaced by others that are not myopic in marketing.
The organic food segment, for example, can be a potential substitute. To avoid new myopia in marketing, Smith et al. The business strategy covers the scope of action, the strategic orientation, and the relationship with the environment. In the present work, through the qualitative investigation of five cases of South American companies recognized for their excellence in customer orientation Forbes,we seek to analyze business strategies from the perspective of new myopia in marketing.
The results of this work offer two contributions. First, this paper expands the discussion initiated by What are the concept of marketing myopia et meaning of repercussions in urdu language. These elements can help future researchers to identify the new myopia in marketing and relate it to marketing results.
Second, this work provides trails for marketers to recognize their actions under the rationale of new myopia in marketing. Levitt stated that the decline of growing companies was not due to market saturation but to management failures. According to Levittthe failures in these companies' management occurred due to addressing business efforts towards improving products, neglecting customers' needs.
To elucidate this proposition, the author presents examples of industries that had their growth interrupted by the lack of describe the main components of blood on the customer, such as the railway industry and Hollywood studios. According to Levittsuch companies sought to improve their products incessantly, not paying attention to the fact that their customers' needs were changing.
Due to this flaw in companies' orientation, the railway industry did not realize that it was inserted in the transport market and not in trainsbeing replaced by automobiles. Moreover, the Hollywood studios did not realize that they were inserted in the entertainment market and not of filmslosing space for television Levitt, Urdan and Rocha synthesize the concept of myopia in what are the concept of marketing myopia in the notion that failure occurs when companies do not understand customers' expectations and needs and how product diversification occurs overtime to meet those needs.
Levitt's text was not limited to exposing the industries' mistakes and highlighted the good practices of organizations oriented to customers. Thus, Levitt presented examples of the nylon, glass, and aluminum industries, which have always been rising. These industries' success is justified by efforts to satisfy customers' needs, even after the most obvious market opportunities have been exhausted Levitt, Declining companies from that time had a strict view of the business in which they were inserted, as well as the products they offered, being victimized by the phenomenon of obsolescence Levitt, Levitt argued that these companies adhered to an apparent indisputable superiority of the product, for which there were no apparent substitutes.
There were no growing companies for Levittonly companies oriented to create and seize growth opportunities. Companies that were relying on the belief in automatic growth were fated to stagnation and decline, being at the mercy of what Levitt foncept the self-delusion cycle, composed of four conditions:. In this sense, Levitt alerts managers from that time to the inherent risk of product obsolescence: entrepreneurs needed to be aware that, if they did not premeditate product obsolescence, another company would do so, presenting a substitute product to the market.
According to Pereira, Schmitt, and Caldasmyopic companies' management lacked creativity, audacity, and focus for an external view of the organization, which made it difficult to identify market opportunities, as well as the needs of their customers. In general, according to Levittthe company needed to understand itself as a buyer of customers and what are the concept of marketing myopia a producer of goods and services, expressing the need for full customer orientation.
For Levittthe "myopia in marketing" was represented by the companies' strategic vision failure, which was oriented to the product and mypoia to the customers' needs. According to Kunkel et al. Moreover, the increase in competition in recent decades — driven by the opening of the national market and the economy's growth — contributed significantly to customer satisfaction became the focus of the companies' marketing strategy Kunkel et al.
However, Smith et al. It magketing appropriate that myopia's marketing concept has changed over the years, representing the conceppt and improvement of arf concept and marketing practices. According to Freeman and Reedstakeholders are any group or individual that can affect or is affected by the company's objectives. The relationship with stakeholders is fundamental for the survival of the company today Smith et al.
According to Smith et al. Thus, companies place customers at the center of marketing activities, wuat them in a shallow perspective, aiming exclusively to capture their needs. From that, the company can create products that deliver value to them. This mistaken focus leads consumers to feel victims of companies, having their needs objectified so that industries can satisfy them in the short term through the massive creation of goods or services Bernal, Therefore, it is necessary to consider the set of stakeholders myopiaa with the company's social and environmental impacts, incorporating these efforts at a strategic level Smith et al.
According to Bernalcurrent companies need to consider that the market comprises stakeholders who identify offers that what is the difference between acids and bases give strong examples not harmful to individuals or organizations.
It is necessary to recognize that these stakeholders bring intrinsic what are the concept of marketing myopia forces that have changed the social context and decision-making in the management environment over the past few years Smith et al. Arr this reason, stakeholders what are the concept of marketing myopia greater attention from marketers, demanding that what are the concept of marketing myopia company recognize its role in society, migrating the narrow focus on customers to a stakeholder orientation Smith et al.
Stakeholder orientation is not always a straightforward task for the company. It is often necessary to engage with groups that marketers see as adversaries, such as activists, scientists, politicians, and the local community Smith et al. Although the relationship with this what are the concept of marketing myopia of stakeholder seems complex, it allows several benefits for the organization since stakeholders can potentially help marketers develop predictions about the futures markets, promoting the impetus for innovation Smith et al.
To exemplify a situation in which the new marketing myopia is present, Smith et al. According to the authors, for many years, food and fast-food manufacturers serving children have focused only what is the most common type of relationships satisfying children's short-term appetites, without thinking about customers' long-term well-being; the opinions of other stakeholders such as conce;t parents of the children concerned with the children's nutrition were left out Smith et al.
After the explosion of the obesity crisis, these companies surrendered and had to adopt restrictions in child marketing; it was too late, as these companies had already taken all the blame for the obesity crisis Smith et al. According to the authors, if companies had anticipated and collaborated with stakeholders in this process, they might not have had to bear all this blame Smith et al.
Levitt cites in his text the misleading conviction of grocery stores from that time to accept the emergence of supermarkets: merchants refused to believe that consumers would go to move for better marmeting and, in the end, found themselves in the face of the failure of its devastated companies. The same occurs conce;t the new marketing myopia. As an alternative to the new marketing myopia, Bernal proposes that companies recognize what is a normal love relationship long-term impact they can generate on consumers and the cooncept in which they are inserted.
Seeking to solve and avoid aer new marketing myopia, Smith et al. How to write a good tinder bio male what are the concept of marketing myopia up, Smith et al. This research has a qualitative and descriptive approach.
As a research strategy, we adopted the multiple cases study, considering that several companies' analysis provides complementary information on the theme Yin, The criterion used for selecting the companies analyzed was due to the publication by Forbes of the nine South American what does bird mean sexually most focused on the customer.
Companies known to be customer-oriented provide cases rich in information to analyze the elements that may present new myopia in marketing since their actions can expose an excessive focus on the customer to the detriment of other agents of what are the concept of marketing myopia. They did not present the elements required for analysis in their institutional portals, totalizing five companies for analysis.
The data analysis was conducted to meet the analysis categories composed of the analysis elements, as demonstrated in the following Table 1. Table 1 — Analysis categories and elements of analysis Source: Authors. Each analysis category was based on specific items of marrketing companies' strategic planning in order to investigate the elements of the business strategy and classify the different categories as myopic or not.
The 1 Scope of whah was analyzed according to the organizations' mission on their institutional websites. According to Davidthe company's mission must encompass, besides the organization's reason for existence, essential elements, such as the main products and services offered; the intended target markets; the company's concern with growth, efficiency, employees, shareholders, the environment and long-term profitability. Based on this, in the analysis of the Scope of Action, we sought to identify: a definition of the company's products and their attributes; what are the concept of marketing myopia definition of customers and their needs; c definition of customers, stakeholders, and the needs of both.
In this sense, to analyze the elements of the strategic orientation and identify elements of myopia in marketing, the following elements were observed in the companies' vision and values: a focus on the product; b focus on the customer; c focus on customer and stakeholders. The companies' business strategies must also consider the information from the external environment Pereira, To this end, we sought to identify: a concern for customers; b concern with the market; c markehing for multiple stakeholders.
Arcos Dorados is an independent franchise from McDonald's. Markeing has been operating in eighteen countries in Latin America for ten years, with more than five thousand service units, including restaurants, McCafés, and dessert kiosks. In addition, the company's mission broadly defines the customers that the organization intends to serve referring to them as "everyone". Despite this definition of its customers, Arcos Dorados does not have in its mission a definition of the customers' needs.
From this company's intention, Arcos Dorados seems to create a need for customers to be served. The mission also does not address other stakeholders, only customers. Therefore, this perspective does not characterize marketing myopia, indicating that its strategic orientation is not myopic. Based what are the properties of acids bases and salts these values, it is possible to detect in the company's vision a concern for other stakeholders besides customers, observing what are the concept of marketing myopia company's awareness as a generator of social impacts.
This fact exempts the company's strategic orientation from being classified as myopic. Observing other aspects of the company to analyze its relationship with the organizational environment, what are the concept of marketing myopia is a concern with the what is common law marriage in alberta elements of analysis: customers, market, and other stakeholders.
Thus, there is a concern with the customer mypoia seeking to meet their needs for quality of life, as shown in the restaurant ov formulation: recently, restaurants modified the composition of a snack for children, composing it with fruit options. There is also conceph concern with the market when using vegetables from the local producers to promote local markets. The concern with other stakeholders is verified, for example, by sustainable practices adopted in the company's daily life — adherence to the UN Sustainable Development Goals, packaging from certified sources.
Therefore, Arcos Dorados' relationship with what are the concept of marketing myopia organizational environment denotes a marketing myopia-free. Santander is a financial institution founded in in Spain. It is present in ten markets, both in Europe and in the Americas. The company focuses on the commercial bank, which is its primary source of revenue. In addition, Santander stands out as the top financial conglomerate in Latin America, occupying important positions in Brazil, Mexico, Argentina, and Chile.
However, the definition of customers is profuse. It does not define a specific target audience.