Jonathan Byrnes

At the core of marketing in the Age of Mass Markets is a four-factor classification of marketing decision variables that everyone learns in first-year marketing courses, the “four P’s.” These P’s are product, place, promotion, and price.

What’s missing? Profitability, which I call the “fifth P.”

The four-P mentality is responsible for the crazy-quilt pattern of profitability in every business today. It is simply assumed that if the four P’s are set correctly, maximum profitability will be the byproduct. This assumption is completely wrong.

Like this content? Why not share it?
Share on FacebookTweet about this on TwitterShare on LinkedInBuffer this pagePin on PinterestShare on Redditshare on TumblrShare on StumbleUpon

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.