A PESTLE analysis is a strategic management tool that is used to identify, analyze, organize, and observe key external factors that can have an impact on a company now and…

  A well-known theorist from the behavioral era of management history, psychologist Abraham Maslow, proposed a theory of motivation based on universal human needs. Maslow believed that each individual has…

Sales and Marketing are crucial to the success of any business. Some people consider both as the same and often use them interchangeably. It’s no doubt that both the terms…

Originally, the term “Market Myopia” was introduced by the Theodor Levitt in the marketing paper. It was published in the HBR (Harvard Business Review) in 1960,  (republished in 2004), where…

Every company has a different philosophy or idea to design a marketing strategy that satisfies consumers’ needs, maximizes their profit, and also beats their competition. But which philosophy will be…

Product life cycle is the journey of a product from the development stage to the decline stage. A product introduced in the market undergoes 6 different stages until it is…

Marketing lets one show his or her creativity to sell/advertise/brand a product or service. And surprisingly, there is a concept to distinguish between the kind of marketing you wish to…

  Brand Equity speaks about the additional value that a consumer connects to the brand that is different from all the other brands present in the market. Said differently, Brand…

A marketing mix is a tool used to help companies understand what factors must be combined in order to meet their marketing goals and objectives. Eventually, this includes the 4…

Have you ever delayed a purchase until the item went on sale, or you made an unplanned purchase because you had a coupon for the product? If yes, then certainly…