My client Gaurav Bhalla has just published an article in the January-February Harvard Business Review titled - Rethinking Marketing.
Along with his co-authors - Roland Rust and Christine Moormon - Bhalla insists that companies must shift their mindsets from a product-centered focus to building long-term relationships with customers.
This can only be done if companies reinvent the marketing function.
Says Bhalla:
"The traditional marketing department must be reconfigured as a customer department that puts building customer relationships ahead of pushing specific products. To this end, product managers and customer-focused departments report to a Chief Customer Officer instead of a CMO, and support the strategies of customer or segment managers."
You can sign up for Bhalla's Customer-Driven Innovation Newsletter and download "Rethinking Marketing" here >>
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