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Meta marketing

From Wikipedia, the free encyclopedia

Meta marketing is "the synthesis of all managerial, traditional, scientific, social and historical foundations of marketing,” a term first coined by E.J.Kelly while discussing the issue of ethics and science of marketing [1] Thus, Meta Marketing is an attempt to widen the horizons of marketing by covering non-profit organisations. The best examples of Meta Marketing can be selling family planning ideas or the idea of prohibition.

A Meta market will bring all buyers and sellers in one place for one purpose only. Instead of giving multiple products to one customer, a Meta market brings together different customers who need not necessarily differentiate between closely related products.[2] Meta market is thus, a place, where everything connected with a certain market can be found. Let's say a car selling in a Meta market would be a website, that sells cars but you will also find car parts there, add-ons for cars, colours for cars, mechanic's reviews, etc. So Meta market of a certain market is a market, where you can find everything about that market and everything about markets that are strongly connected to that market.[3][4]

Meta marketing is an approach to the study of marketing and its relationship to every aspect of life by focussing on all social, ethical, scientific and business experience in marketing, thus establishing a body of knowledge base on the integration of every facet of experience with the human personality.[5]

Historical Development

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The concept of meta-marketing emerged in response to the limitations of traditional product-centric marketing approaches.[6] Prior to the 1970s, businesses primarily focused on manufacturing capabilities and product development, with marketing considered a secondary, post-production activity.[7] This perspective began to shift as markets became more competitive and consumer behavior more complex.

Key Developments:

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  • 1970s-1980s: Transition from product-centric to consumer-centric approaches
  • 1990s: Integration of digital technologies and data analytics
  • 2000s-Present: Emergence of omnichannel marketing and personalization at scale

Core Principles

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1. Strategic Integration
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Meta-marketing emphasizes the alignment of all marketing initiatives with broader business objectives. This includes:

  • Unified brand messaging across channels
  • Consistent customer experience
  • Integrated data and analytics systems
  • Coordinated marketing technologies
2. Innovation-Driven Evolution
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Drawing from Schumpeter's economic theories, meta-marketing recognizes innovation as a primary driver of industry evolution. This involves:

  • Continuous market analysis and adaptation
  • Development of novel marketing approaches
  • Integration of emerging technologies
  • Creative disruption of established practices (Schumpeter, 1942)[8]
3. Environmental Awareness
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Modern meta-marketing practitioners emphasize the importance of understanding and responding to:

  • Market dynamics and trends
  • Competitive landscape
  • Consumer behavior patterns
  • Technological advancement
  • Regulatory environment

Implementation Strategies

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Differentiation Over Imitation
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Successful meta-marketing strategies often diverge from conventional industry practices. Research indicates that companies achieving distinctive market positions through unique approaches tend to outperform those that simply mirror competitor strategies.[9]

Data-Driven Decision Making
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Modern meta-marketing relies heavily on:

  • Advanced analytics
  • Customer insights
  • Behavioral data
  • Performance metrics
  • Predictive modeling

Future Directions

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The evolution of meta-marketing continues to be shaped by:

  • Artificial Intelligence and Machine Learning applications
  • Enhanced personalization capabilities
  • Privacy-focused marketing approaches
  • Integration of emerging digital platforms

References

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  1. ^ Modern Marketing- Principles & Practice by Chandra Bose ISBN 978-81-203-3945-3 Yr of publishing- 2010, Publisher- PHI Learning Private Limited, New Delhi, Page no. 14
  2. ^ "Meta Markets". 20 March 2015.
  3. ^ "[1]"
  4. ^ "Marketing Strategy". Monday, 10 December 2018
  5. ^ 144, Marketing Worterbuch Marketing Dictionary by Wolfgang J. Koshnick, Yr-2000, Walter De Gruyter, GmbH&Co., Berlin
  6. ^ admin (2024-11-24). "Meta-Marketing: An integrative approach to the future of marketing". ALPA (in Russian). Retrieved 2025-01-06.
  7. ^ "Marketing IS management: The wisdom of Peter Drucker". ResearchGate. Archived from the original on 2023-11-16. Retrieved 2025-01-06.
  8. ^ Joseph A Schumpeter (1942). Capitalism Socialism And Democracy.
  9. ^ "The Five Competitive Forces That Shape Strategy - Article - Faculty & Research - Harvard Business School". www.hbs.edu. Retrieved 2025-01-06.