Product classifications and marketing strategy

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Marketers have often attempted to use product classification schemes to provide a "cookery book" for marketing strategy. This so-called commodity school of thought in marketing is argued, in this paper, to be less than fruitful in providing such a cookery book. Porduct classifications are shown to be contingent upon marketing mix elements and assumptions about consumer response. These lead to four specific problems (1) Ex Post Definitions and Circular Logic: Products are classified ex post,and classification theory gives no hint about how to classify new products or to change existing products. (2) The Problem of Induction: Experiences with similar or existing products give few guides to appropriate or optimum strategy. (3) Fuzzy Sets: Product classification of the same product differs according to the nature of the consumer and at different times for the same consumer. (4) Generalizability of Schema: Application of a classification scheme requires the specification of all physical, market and social contexts.
Original languageEnglish
Title of host publicationMarketing
Subtitle of host publicationcritical perspectives on business and management : Vol. 3
EditorsMichael J Baker
Place of PublicationLondon ; New York
PublisherRoutledge, Taylor and Francis Group
Pages499-509
ISBN (Print)0415213991
Publication statusPublished - 2001
Externally publishedYes

Publication series

NameCritical perspectives on marketing management
PublisherRoutledge

Fingerprint Dive into the research topics of 'Product classifications and marketing strategy'. Together they form a unique fingerprint.

Cite this