Marketing management represents creativity rooted and augmented by data for strategic decision-making and so must it remain. This article presents contending arguments as to the nature of marketing managementm - whether it is an art or a science - with a presupposition that while traditionally marketing and the management aspect in it has been considered artistic, it is, contrarily, strongly toward scientific practice - an indication that marketing management is both an art and a science.
Kotler and Armstrong (2001) defined marketing as “a social and managerial process whereby individuals and groups obtain what they need and want through creating and exchanging products and value with others” (p6). Marketing involves anticipating, managing and satisfying demand through exchange of goods and services and involves people, organizations, places and ideas. Fundamentally, marketing management describes the utilization of marketing techniques to manage a firm’s marketi (...) Read more? Sign up for free