Building Brands and Growing Economies: A Marketing Approach to Youth Empowerment in Tanzania
It was a privilege to deliver a speech at the Dar es Salaam University Marketing Forum on March 17th, 2012. Standing before bright minds, I reflected on the invaluable role marketing plays in building not just businesses, but economies. As Peter Drucker famously said, "There are two main functions in any enterprise—Marketing and Innovation. The rest is cost." Today, I hope to convince you of how marketing can elevate individuals, businesses, and nations alike. The Power of Marketing: A Lifeline for Businesses Marketing is the art of identifying customer needs and profitably meeting them. It’s about delivering solutions that customers perceive as valuable, ensuring the business grows while creating lasting customer relationships. More than a business tool, marketing breathes life into enterprises, ensuring profitability and longevity. But who powers this growth? It's the people—the human engine behind every business. People Drive Success in Enterprises Jack Welch, in his b...