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Relational Marketing and Traditional Marketing
Relational Marketing and Traditional Marketing
the traditional marketing mix approach of the 4Ps may be criticized for a number of reasons.
These may be summarized as follows:
1. The approach assumes that all clusters or segments of customers are similar and
may be treated in a standardized way.
2. The approach assumes consumers are passive absorbers of marketing information.
However, with advances in multimedia technology, there are increasing opportunities for
two-way communication and interaction between consumers and marketing organizations
using interactive media. Consumers are also increasingly communicating with each other
about marketing organizations
3. It assumes short-term and often one-off transactions based around the exchange of goods
for money. So, the focus of this approach is on a core product or service that is exchanged
almost entirely for money with little value added in terms of additional services.
However, the notion of a product with features that customers inspect and then buy is too
simplistic! In many markets there is a periodic and ongoing demand for products or services
giving the opportunities for some sort of ongoing relationship to develop between the
provider and the customer (again, think of a trip to the hairdresser, dentist or corner shop!)
So, in a relational context, the offering includes both a core product and additional value-
adding aspects. This may be something as simple as a social chat about where you are
planning to go on holidays, to collecting points on a loyalty card. Thus, in a relational
context, the value-adding offering and its management can become extremely complex.