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The Contemporary Marketing Management Glossary

Modern Marketing

Short Definition

The discipline of marketing that emerged in the 1960s, formalized by Philip Kotler, focusing on systematic methods for analyzing markets, defining products, and promoting them to target audiences.

Context

Modern Marketing originated in the 1960s, when Philip Kotler, often called the Father of Modern Marketing, codified marketing as a managerial discipline through his seminal textbook Marketing Management (1967). Building on the foundations laid by scholars such as Peter Drucker and Theodore Levitt, Kotler defined marketing as a social and managerial process by which individuals and organizations obtain what they need and want through value exchange. This period marked a decisive transition from marketing as a set of sales techniques to marketing as a strategic business function supported by research, segmentation, and planning. The framework of Modern Marketing was grounded in the Marketing Mix—the 4Ps: Product, Price, Place, and Promotion—which provided a clear, controllable structure for managing market variables. Among these, Product and Promotion became the dominant forces of the era, as companies sought differentiation through product innovation and persuasive mass communication in the post-war consumer economy.

Extended Definition

Modern Marketing systematized the discipline of marketing as both science and management. It introduced analytical tools, models, and measurable objectives that allowed organizations to align their offerings with market needs through research, segmentation, and positioning.

At its core, Modern Marketing emphasized:

  1. Product orientation – developing features and benefits to satisfy consumer needs.

  2. Promotional effectiveness – leveraging advertising and media to create demand and build brand awareness.

  3. Standardization and scalability – optimizing marketing processes for efficiency and mass communication.

  4. Customer satisfaction – positioning the consumer as the focal point of corporate strategy.

While this framework revolutionized 20th-century business, it also reflected the values of industrial and mass-market economies—linear production models, one-way communication, and a focus on short-term consumption.

As global markets became digital, interconnected, and socially aware, the limits of Modern Marketing began to surface: the approach, while powerful, often prioritized selling products over building relationships and visibility over authenticity.

Today, this legacy provides the foundation for a broader and more integrated model—Contemporary Marketing Management—which redefines marketing not as persuasion but as participation, not as visibility but as meaningful impact.

Contemporary Example

During the Modern Marketing era, companies such as Coca-Cola, Procter & Gamble, and Ford embodied the 4P model: strong product portfolios supported by large-scale advertising and brand loyalty campaigns. These strategies defined the golden age of marketing but also paved the way for the transition toward more relational, ethical, and data-driven approaches that characterize the contemporary era.

See also

Part of chapter: Glossary