Showing posts with label product life cycle. Show all posts
Showing posts with label product life cycle. Show all posts

Sunday, September 21, 2008

A Tribute to Theodore Levitt

I have known his concepts and teachings for years, but it wasn't until recently that I got to know his name. Theodore Levitt is, to me, a man who made of marketing a respected science. Known for his provocative style and practice-oriented thoughts; he transformed a theory-based subject into a business focal point.
From the product life cycle concept to his marketing myopia article, Levitt never ceased to amaze. Although not always accurate, he often created a rave of thoughts and lead others to analyze and look into things they tend to dismiss.
His numerous articles in the Harvard Business Review showcase his talents for, not only ingenuous thinking, but also conveying a message; a real marketer. He has been known to "market" marketing itself, as he strongly believed in its power and relevance in the business world. He has also been attributed the introduction of the term globalization into a futuristic market outlook...
A genius, in one word.

Monday, September 8, 2008

Between Theories and Practice

I am more and more convinced that when it comes to business no one knows what he is doing. I thought it would be different in a multinational. Nonsense.
All the systems, the matrixes and the models seem to be drawn to dilute the idea into a broader sense of control over intangible results.
While I can easily stuff graphs and numbers into the simplest presentation to make it look scientifically correct, I remain the hardest person to fool.

Yet, the other day, I saw a ray of light.

The Product Life Cycle Model might be one of the tools I never resorted to. Despite the stress and importance it was given in my marketing program, somehow I thought they were out of things to teach and had extra hours to fill.
Until the day, I myself was out of matrixes and models to present, I thought I'd fill an extra page. As I graphed the demand of each product over the period of time, never had I imagined I would get this result: 5 perfect curves, as perfect as the theory... and I was not dreaming!
What's more is that the stages of the product life cycle corresponded amazingly well with the actual situation of the product. I was shocked, astonished, bedazzled... no, enchanted!
Out there somewhere, there's a marketer who knew his business and who created a theory out of it. Now, remind me, who was that genius again?

*goes searching for the author*