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Companies pay too much attention to the cost of doing something. They should worry more about the cost of not doing it.

Philip Kotler

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Philip Kotler
Age: 93
Born: 1931
Born: May 27
Author
Businessperson
Economist
Mathematician
University Teacher
Writer
Chicago
Illinois
Much
Something
Marketing
Companies
Cost
Pay
Worry
Company
Attention

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The internet will create the winnerand bury the laggards.
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Every company should work hard to obsolete its own product line - before its competitors do.
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In fact, Capitalism has a vested interest in creating new wants and making people unhappy until they acquire the next good.
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Integrated marketing communications is a way of looking at the whole marketing process from the view point of the customer.
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My parents, and their interest in making the world a better place for more people inspired me.
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Whenever someone wonders how I could have written 57 books, I remind them that Isaac Asimov wrote 500 books. I like Asimov's view that great insight comes from seeing something as odd and finding out why. Curiosity is the starting point for great science.
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Robots equipped with software can be designed to do repetitive jobs. All that you need in a factory is a set of dials, an expert, and a dog to keep the expert awake. We will be moving shortly to the next stage to robots with artificial intelligence who can think.
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The key to branding, especially for smaller firms, is to focus on a limited number of issue areas and develop superb expertise in those areas.
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I have always favored Capitalism as the best economic system and Democracy as the best political system. They both have the most potential for improving the lives of people. However, both systems need to be reexamined and refreshed so that, in fact, they do serve the majority of people.
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When it comes to efficiency and effectiveness, I would always start with effectiveness. I am interested in achieving a certain outcome. Only secondarily do I worry about achieving it as efficiently as possible.
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Marketing takes a day to learn. Unfortunately, it takes a lifetime to master.
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In America, we are not lacking solutions. We are lacking a two-party system that is willing to agree on solutions. Part of this is due to rigid ideological positioning that substitutes for really thinking about the facts and solutions.
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Most of the productivity gains appear to go to the top 1 percent. Most people don't have enough income and as a result, they borrow additional money by using their credit card and they fall into high debt. The result of the growing income gap is a slower growing GDP (too few people with money to spend) and a rising tide of indebtedness.
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A country's middle class is its bedrock.
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Poor firms ignore their competitors average firms copy their competitors winning firms lead their competitors.
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Authentic marketing is not the art of selling what you make but knowing what to make!
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Every business is a service business. Does your service put a smile on the customer's face?
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Republicans talk loudly about freedom and yet are against a women deciding what's best for her own body and are against the freedom of two people of the same sex to marry.
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Great insight comes from seeing something as odd and finding out why.
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Strategy is indeed about choosing what not to do as well as what to do. A business unit needs to decide what need it aims to satisfy in what group of people and with what value proposition that distinguishes the business from its competitors.
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