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Marketing is both art and science. It is an intuitive skill and a set of principles soundly grounded in logic and academic scholarship. It reflects the individual experiences of companies across different industries, as well as a set of common principles that stem from these individual experiences and span companies and industries. Building on this view of marketing, this note addresses the essence of marketing as a business discipline, focusing on its role as a value-creator and the growth engine of an organization. The discussion of marketing as a business discipline is complemented by an in-depth overview of three additional topics: The historic role of the marketing function in business management, the marketing myopia phenomenon, and the role of frameworks in marketing management. This note is an excerpt (Chapter 1) from Strategic Marketing Management: Theory and Practice by Alexander Chernev (Cerebellum Press, 2019).
