Facebook Pixel {العنوان: سلسلة} | {اسم المغناطيس: سلسلة} - {الفئة: سلسلة} - اقرأ هذه القصة على Magzter.com

يحاول ذهب - حر

How did Kotler become Father of Modern Marketing?

May 19, 2025

|

Daily FT

PROFESSOR Philip Kotler, fondly known as the Father of Modern Marketing, is a living legend. Not only is he the founder of the base of modern marketing, he's also a man who has proven himself to be living his values.

- By Denzil Perera

How did Kotler become Father of Modern Marketing?

Addressing the inaugural National Marketing Day of Sri Lanka in 2022, I still remember him stressing the importance of making a sustainable world for everyone. Marketing is not about overexploitation of human and natural resources. It's about assuring everyone has an opportunity to fulfil their needs and desires. This aligns better with principles of inclusivity and sustainability.

Returning to the subject, in 2022, we aimed to honour Professor Kotler, as the entire Sri Lankan marketing community gained insights from his renowned book, Principles of Modern Marketing. He was thrilled to have received such an honour at the age of 92, noting that even in his homeland, no such recognition had been given to him. He expressed his gratitude for our heartfelt tributes and would like to express my sincere appreciation for the generous guidance and direction provided by the esteemed Professor Nalin Abeysekara, the Dean of the Management Faculty at the Open University of Sri Lanka.

The birth of Modern Marketing

Professor Kotler has witnessed numerous transformations in the theory and practice of marketing since earning his Master's Degree in Economics from the University of Chicago in 1953. In 1960, three years after earning his PhD in Economics from MIT, he became part of the marketing department at the Kellogg School of Management at Northwestern University, joining a group of esteemed faculty including Sidney Levy, Stewart Henderson Britt, Richard Clewett, Ralph Westfall, and others. In his classes, he utilised content from various textbooks that thoroughly explained marketing institutions and practices, offering prescriptive advice. Nevertheless, the textbooks fell short in providing a robust theory of consumer behaviour, referenced an inadequate number of findings from academic journals, and poorly articulated the actual processes companies used to make their marketing decisions.

المزيد من القصص من Daily FT

Daily FT

Daily FT

Wars, rumours of wars, and a game of oil and fire

THE questions on our minds these days are manifold.

time to read

6 mins

March 19, 2026

Daily FT

"Sustainability Reporting for Corporates" seminar on 26 March

A seminar and workshop on “Sustainability Reporting for Corporates” organised by Corporate Legal Consultants will be held on 26 March 2026 from 9:30 a.m. to 12:30 p.m. at the Victorian Hall, The Kingsbury Hotel.

time to read

1 min

March 19, 2026

Daily FT

Iran women's football team returns home after asylum controversy

MEMBERS of Iran’s women’s national football team and their support staff have returned to Tran, the Fars news agency is reporting.

time to read

1 min

March 19, 2026

Daily FT

Daily FT

Naval hostilities off Sri Lanka and the need to preserve Indian Ocean as a zone of peace

Naval hostilities off Sri Lanka’s maritime approaches raise serious questions under international maritime law and neutrality doctrine.

time to read

4 mins

March 19, 2026

Daily FT

Daily FT

First leg of Club Sevens to kick off Saturday at Longdon Place

THE return of club Rugby Sevens to Sri Lanka after a four-year hiatus marks an exciting new chapter for the sport, with the announcement of the BogoLiv - UnionPay International Sri Lanka Rugby Sevens Series 2026.

time to read

2 mins

March 19, 2026

Daily FT

Govt. issues fresh circular to manage public service operations amid fuel crisis

THE Ministry of Public Administration, Provincial Councils and Local Government has issued a circular setting out new guidelines for the continuation of Government office operations, aimed at conserving fuel amid the ongoing crisis.

time to read

1 min

March 19, 2026

Daily FT

PUCSL to decide on electricity tariff hike within March after consultations conclude

■Public consultation process ends with final session at BMICH yesterday ■CEB seeks 13.56% tariff increase for April-June 2026; Rs. 15.8 b revenue gap cited in submission ■Regulator flags cost assumptions, fuel delays and extraordinary expenses

time to read

1 min

March 19, 2026

Daily FT

Daily FT

UN failure to broker a de-escalation is a tragedy for the world

WHAT was anticipated by many to be a limited and swift engagement has now stretched into its 18th day.

time to read

4 mins

March 19, 2026

Daily FT

Daily FT

Summa simmers Thora in sour soup

THE weekend night games seemed to be the preferred choice for the patrons of all ages, as the turnout was more than adequate for pre-quarter finals, that made the atmosphere so colourful and electrifying, it makes watching such games online worthless.

time to read

2 mins

March 19, 2026

Daily FT

Importance of a benchmarking database for effective implementation of transfer pricing regulations

IN an increasingly globalised economy, transfer pricing has become a critical aspect of international taxation.

time to read

5 mins

March 19, 2026

Listen

Translate

Share

-
+

Change font size