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The previous AMA definition of marketing, active since 1985, was: "Marketing is the process of planning and executing conception, pricing, promotion and distribution of goods, ideas and services to create exchanges that satisfy individual and organizational goals."
The new definition of marketing, unveiled at the AMA's Summer Educator's Conference in August is: "Marketing is an organizational function and a set of processes for creating, communicating and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders."
The previous AMA definition of marketing, active since 1985, was: "Marketing is the process of planning and executing conception, pricing, promotion and distribution of goods, ideas and services to create exchanges that satisfy individual and organizational goals."
The new definition of marketing, unveiled at the AMA's Summer Educator's Conference in August is: "Marketing is an organizational function and a set of processes for creating, communicating and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders."