A History of Marketing / Episode 44
When I launched A History of Marketing at the start of this year, I had a vision of exploring the origins of our craft. But I never imagined that 2025 would be bookended by “The Father of Modern Marketing.”
Dr. Philip Kotler kicked off the podcast as the first guest I interviewed. Now, it is my distinct honor to welcome him back to the show for our final interview of 2025.
The Year in Review: 69,523 Thanks
This year has exceeded every expectation I had. To date, this podcast has been downloaded and streamed 69,523 times across YouTube, Spotify, and various podcast platforms.
What started as my personal quest for knowledge has reached marketers on every continent (save for Antarctica).
I’ve received notes from a wide range of listeners: from global CMOs and Ivy League professors to high school students and interns; from entrepreneurs who have scaled million-dollar businesses to self-described Marxists and lifelong marketing critics.
To every one of you who has listened, shared, or sent a note: Thank you.
This show has been like the best possible version of a self-directed MBA. I’ve learned, I’ve made new friends, and I’ve become a better marketer because of it.
A Legend Who Listens
One of the most incredible moments of this year—and this interview—was learning that Dr. Kotler doesn’t just appear on the show; he listens to it.
Much of the success of this podcast is due to Kotler’s early support. Phil was my first-ever guest, and his recommendation opened doors to other legends like Jag Sheth and David Aaker.
As we wrap up 2025, I want to express my deepest gratitude to Philip for his mentorship and to you, the audience, for coming on this journey with me.
What We Cover in This Episode:
The “Mount Rushmore” of Marketing: Kotler names the practitioners he admires most (and his answers might surprise you).
Addressing the Critics: His refreshing take on those who try to build their names by opposing “Kotlerism.”
The 4Ps vs. The 7Ps: Why Kotler sees “promotion” imoving toward a more expansive “Communication System.”
Marketing’s Mathematical Turn: The tension between “people people” and “number people.”
And much more
Enjoy the final conversation of the year with Dr. Philip Kotler. I’m looking forward to what we’ll discover together in 2026.
Listen to the podcast: Spotify / Apple Podcasts
Thank you to Xiaoying Feng of Syracuse University, who reviews transcripts for accuracy, adds helpful links for readers, and gives me feedback to improve the show.
The Enduring Legacy of Philip Kotler
Andrew Mitrak: I’ve recorded more than 40 interviews with marketing executives, academics, and authors, and you are the single name that is most referenced across all of these interviews, across everybody. Do you ever think about why your work has endured? I’ve seen so many other marketing frameworks come and go, yet 60 years on, folks still reference Philip Kotler and your work. Why do you think that is?
Philip Kotler: Well, that’s a good question. I haven’t really thought about it until you asked it. By the way, I’m a watcher of all your programs, and I’ve learned a great deal about the history of marketing, and I tell others to also follow your work.
Your question is, why am I still around in the marketing world? I did some thinking about that. I think a lot has to do with my textbooks. I have three textbooks: Marketing Management, Principles of Marketing, and Marketing: An Introduction. All of them are already in their 16th, 17th, or 18th edition. So therefore, lots of people around the world—in fact, those are books used around the world—know me that way.
I’ve also published, besides three big textbooks, many other books on marketing like entrepreneurial marketing, transformative marketing, and so on. So I think that makes a difference. I have traveled a lot around the world, many countries, to upgrade them on marketing thinking. Particularly, it started with 12 annual visits to Sweden, 12 annual visits to Milan to say what’s happening in the field of marketing. And then I got a lot of honorary degrees. So for some reason, those all have added up to lasting in this field and enjoying it very much.
Andrew Mitrak: So it’s accumulated over time—all of these degrees, these textbooks, all this work. And today you are often referred to as the “Father of Modern Marketing,” but it wasn’t always that way. There was a time when you were early in your career; there was a time when you were midway through your career and you were just publishing your first books. Did it ever feel like there was a turning point when you started to feel like a major name in the field versus feeling like an earlier career professional trying to establish yourself?
Philip Kotler: What happened is every time I published a book, it had good reviews, and that meant getting more readers. I think that getting honorary degrees abroad—I received 22 honorary degrees abroad—in each case, I visited the university giving that award. All of that happened way before I was ever called the Father of Modern Marketing, and to this day I don’t know who first used that expression. It wasn’t that I created it and publicized it. So I’ve been very lucky to be recognized for my work in marketing.
Andrew Mitrak: It didn’t strike me that you would have bestowed that title upon yourself… that doesn’t seem like your style. [Laughs]
Kotler on Addressing Critics
Andrew Mitrak: One thing I’ve noticed since publishing this podcast and being, I think, more attuned to your work and how other marketers speak about you, is that there’s a common way that marketers will try to make a name for themselves or their ideas. They’ll define their ideas almost in opposition to Kotler, almost in opposition to you. They’ll say things kind of to the effect of, “Oh, Kotler’s principles, they don’t work in this segment,” or “They don’t work in this country, and you need my framework to succeed.”
It almost reminds me of a boxer who is kind of trash-talking the champion to get publicity for himself or something. It seems like, “Oh, because you’re the Father of Modern Marketing, they’re trying to elevate their ideas to your stature.” I’m wondering, not to dismiss, I am sure their ideas merit a lot, and the tactics they use, if you’ve noticed this over the course of your career and how you’ve responded to it.
Philip Kotler: Well, I relish those challenges. In fact, I’ve often said that I wish someone would replace my theory or system of marketing thinking with something better. One fellow from Ireland, he’s a professor in Ulster, Dr. Stephen Brown, really took to that position. He wrote an article saying that the specter of marketing is Kotler, or “Kotlerism.” It’s like Kotlerism is around too much. And he actually tried to explain my being visible because he thought I was following what Karl Marx did to become known. It’s a very interesting article.
He also wrote a whole book of a fictional marketing department, and it was really about Northwestern University and my role in the marketing universe. So I get those things, and I find that’s fine. Recently, someone just wrote a book called Marketing is Dead, which is to say that they have a better answer to what it should really be. I welcome those things. As a matter of fact, my complaint is that marketing doesn’t have enough debates. A good field is going to have some real opposition about concepts and theories and measurements and so on, and we need more of that.
Andrew Mitrak: That’s a great outlook. I’ll try to look up that article you were referencing and see if I can paste a link in the blog that accompanies this post. You mentioned how marketing doesn’t have enough debates. On this thread, what is your overall assessment of how marketing has evolved since you’ve been in the field? Let me ask in another way, if you’re, quote, “The Father of Modern Marketing,” how do you feel about how your child has grown up?
The Evolution from Mass Marketing to One-to-One
Philip Kotler: It turns out that I’ll start with the fact that the first big debate I really had with the rest of the profession is whether marketing is only a commercial subject of relevance to commercial firms, or it applies to all organizations and even groups and individuals. And I made the point that marketing is done by everyone in so many ways. A vote was actually taken on that issue by the American Marketing Association, and we won. That marketing is far more than just a commercial subject for firms.
Marketing started pretty much with mass marketing as an area because of the image of Coke and McDonald’s and stuff like that. But then along came segmentation, targeting, and positioning (STP), meaning that you got to focus your marketing on a group with a very specific need to be solved by your solution. And that ushered in several decades of work—interesting work—the whole idea of what is a segment and how do you target and position it.
Then the next stage, which we’re in now, is one-to-one marketing. We never thought that we need to have more than the geographical look of a demographic to not know the individuals in that demographic. But the fact is, now we can collect information on every individual, which allows us to customize and personalize our messaging so that it’s correct messaging at the right time and for the right purpose. So I’ve seen that happen.
Now, how many companies are really going to do one-to-one marketing? Because we are in that stage of celebrating it. Not that—well, it’s interesting. The smallest companies tend to be one-to-one marketers, if I mean by that the small pastry shop where the French consumer comes every week and says hello and is greeted. They are into one-to-one marketing. But what’s impossible normally for large companies is to know each individual and have a nice way to greet them. But now they’re trying to do that. So that’s an interesting effort to get close to individuals even though you’re a huge company. Something must be lost in that process, but that’s where we are now, and we’ll see how far we can go with that.
Andrew Mitrak: On that thread of something being lost in the process, do you feel like there were any inflection points over your career where marketing as a field took a wrong turn? Did the discipline ever get focused on what you feel is the wrong areas or the wrong priorities?
Vance Packard and The Hidden Persuaders
Philip Kotler: I thought that some people writing about marketing were possibly leading us in the wrong direction, particularly Vance Packard. Vance Packard is well known for writing a book called The Hidden Persuaders. And implied in the book that the great marketers have hidden techniques. The audience is watching a movie, and they don’t realize this, but there’s a message coming through about how good popcorn is. So they get up during the movie and automatically go and get some popcorn. We don’t have those techniques and don’t want to use them.
He went on to talk about that marketing creates a lot of waste. And by the way, he’s not wrong there. You remember the famous statement, “Half the marketing I do doesn’t work, I just don’t know which half.”
Andrew Mitrak: John Wanamaker.
Philip Kotler: Yeah, the department store guy. And he wrote a book, The Status Seekers, that we create classes by our marketing. Now, there’s some—it’s worth reading Packard, but if we took Hidden Persuaders seriously and found there are some messages where we could sell much easier by hypnotic effects on consumers, I wouldn’t want the field to go that way.
Andrew Mitrak: It’s funny how many times Vance Packard and Hidden Persuaders has come up in the interviews I’ve recorded. Inspiring both—one person I interviewed recently was Jean Kilbourne, and she’s sort of a longtime critique of the portrayal of women in advertising. But she was inspired initially by Vance Packard. And then another person, Robert Cialdini, who’s an earlier episode, he writes all about persuasion, and he mentioned that early in his career he was inspired by Vance Packard.
It’s interesting that you highlight that because I think it was written in the mid-1950s, and it really inspired a lot of people who didn’t necessarily replicate his work exactly or even went off and took it in different directions, but it was an initial spark and inspiration for them.
Philip Kotler: Yeah, sure.
The Rising Role of Math in Marketing
Andrew Mitrak: If you place yourself at the start of your career, do you think that there’s anything that would surprise you most about how marketing functions today?
Philip Kotler: Well, I think the thing that is a big surprise to everyone about marketing is that it is getting to be mathematical. What I mean by that is, in the business schools, students sort of divided themselves up between those who loved numbers and those who loved people. Those who loved numbers went into finance. Marketing was considered at least not formidable mathematically. Well, one big change is that it’s quite formidable mathematically now. We even have a journal, Marketing Science, and the articles are almost unreadable to the unmathematical person. Which means that they may have great findings, but they’re not going to reach the CMOs, the Chief Marketing Officers, for use.
I am often asked by students what field they should go into. I often say, well, if you really love being with people and want to help make lives better, go into marketing. It’s the best access you could have to be helpful in that regard. If you like numbers better, it’s still going to keep you busy in finance then.
Are the 4Ps still enough?
Andrew Mitrak: I want to ask you also about the 4Ps, which you popularized. I’ve also noticed as a marketer, marketing is overwhelmingly just focused on one of those Ps, which is Promotion. So it sounds like you would agree with that assessment. I’m wondering if marketing primarily being seen as promotion is sort of a missed opportunity for the field.
Philip Kotler: Oh, I think it would be bad for the field to be seen as only a promotional activity. It denies all the homework that was done by the marketer to understand the world he’s living—or he or she is living in—and how to make a good impression for the good in the world.
So here’s the thing. You’re talking really about what we call the marketing mix, which in shorthand is the word for the set of tools that marketers can work with to have influence. And known as the 4 Ps originally. Originally, my late friend Dick Clewett at Northwestern taught Jerry McCarthy that there are three Ps and a D: Product, Price, Place, and...
Andrew Mitrak: Distribution?
Philip Kotler: Distribution. Product, Price, Promotion, but he used a D for distribution. Jerry made it a P for Place. Smart move. Four Ps. Okay. Now, do you realize that originally Neil Borden at Harvard University many years earlier said there are 12 elements to the marketing mix? Okay. So down to four is good.
But I’m more comfortable today with seven. And I got to the seven in this way: When it comes to Product, you got to add a separate mix for Service. It doesn’t begin with a P, but if you have a good product and poor service, you don’t succeed. Then I also want Brand to be mentioned when Product is mentioned because you could have a good product, but it’s not a brand. It hasn’t attained a differentiation really—a value differentiation from other competitive offerings.
So and then I took Price and said, you know, you never set just a fixed price. It moves around with new situations. So I think we have to add Incentives. Incentives and disincentives, basically. Because most often brands are at discount too. So we got to use that notion.
And then I like to generalize away from the idea of the word Promotion. I really want to call it a Communication System. That marketers must manage a system where they can get to know and communicate effectively with people, which means knowing much more than what hot button to touch to get them to buy. It’s to really know what their lives are like and how to help improve their lives. So when your basic question was about promotion being the essence of marketing, I think it’s such a narrowing of what it’s all about.
The 4Ps: Is Marketing Too Focused on Promotion?
Andrew Mitrak: Yeah. Just to clarify what I’m saying, I’m just thinking of my own experience as a marketer who works mostly in B2B companies. When another department thinks of the role of marketing, they think of marketing as just, “Oh, that’s the promotion person.”
There’s another product department, and of course marketing has to be aware of the product; there’s a field of product marketing.
But with distribution, there might be a supply chain team, there might be some procurement team, there might be other teams.
Pricing is often handled by some other strategy and operations group that’s outside of marketing. Hopefully marketing has a seat at the table, but if I think of the marketing organization I’ve worked in, there hasn’t been a pricing person who’s a marketer per se.
I’m wondering if marketing in practice sometimes is being squeezed in that promotion box. At least the perception of others outside of marketing sees marketing as being squeezed into promotion.
Philip Kotler: Well, you’re onto something. In the academic world, there’s been talk about how marketing should be in control of the 4 Ps, but they aren’t. Pricing is done by a financial guy.
Andrew Mitrak: Yeah.
Philip Kotler: Product is developed by a group without the help of marketing, and then marketing only comes in when they now say it’s ready to be launched. At which point the marketers say, “We wish you had included us because you left out an important feature that would be attractive, and also your price is much too high to command that price for that product. So we won’t be successful with what you did by not involving us in the decision-making process.”
We’re going to change that. That marketers have to be present in the development of innovation. And innovation is so crucial. And to innovate without a marketing mind in the mix is wrong.
Are “incentives” underrated by marketers?
Andrew Mitrak: And one of the words you mentioned earlier that I want to come back to is incentives. And that’s something that within marketing, I feel like is a very underrated word. Or it’s under-appreciated. When I think of most of the problems that I encounter, well, maybe through life in general, but certainly in marketing or in business or in sales and relationships, it’s somewhat just misaligned incentives. And I find a lot of my job is just trying to identify where is there misalignment and how do I realign it to be better, and that fixes problems. So I think that’s an idea that I don’t hear talked about often enough, and I’m glad you brought that up.
Philip Kotler: Right. We need incentives is potentially a very strong pointing out of what else can be done in successful marketing.
The Gap Between Marketing Academia and Practice
Andrew Mitrak: I want to shift also to another thing that I’ve noticed. Over the number of interviews I’ve done, I’ve noticed a really wide gap between marketing academia and marketing practice. Several academics I’ve spoke to don’t seem that up to speed on how marketing is practiced today; they don’t actually seem all that interested in today. And a lot of them, frankly, I think they’re very critical of marketing—the practice or just the existence. And that’s fine, they can have their ideas, but it just seems like their title might be Marketing Professor, but it seems pretty removed—it seems very, very removed actually sometimes—from the marketing that I do in my profession.
And also many practitioners aren’t interested at all in academia. The folks that I’ve interviewed who are executives and entrepreneurs and other marketers, they very rarely mention, if at all, any marketing academic work that’s influenced them. And I’m wondering—you’re nodding your head—it seems like you also perceive this as a gap that exists. And so why do you think it persists, and do you think it’s a problem?
Philip Kotler: It is a problem. I encountered it at my university, and others have encountered it. The form it took is that our faculty was so—in the department of marketing—so incentivized to produce academic articles if they are to advance to—from assistant to associate to full professor—that they are needing to identify things where they can make an original contribution. And there is little time left to talk and mix with CMOs, Chief Marketing Officers, or other types of marketers who are in the real world.
And that explains why if you talk to a lot of CMOs, they won’t mention names that the academics just respect so much. That problem is still going to stay around. We got to maybe have meetings between some academics and some CMOs talking about all these—how to get together better.
Andrew Mitrak: Can I ask you a number of lightning round questions? Sort of shorter ones for you.
Philip Kotler: Okay.
Kotler’s “Mount Rushmore” of Marketing Executives
Andrew Mitrak: If you were to build a Mount Rushmore of marketing practitioners, what are some of the names that you feel like must be included in this?
Philip Kotler: Oh, okay. And we’re talking about the practicing marketers?
Andrew Mitrak: Yeah, so entrepreneurs, executives, marketers themselves.
Philip Kotler: I think I would be more very careful answering the one about the best academic people because I don’t want to leave anyone out who is very good. But let’s stay with your question. Professional marketing, we know it when we see it, but there are some people who have done it so well. For example, Procter & Gamble has had many good leaders. One of them is just outstanding, his name was A.G. Lafley. And A.G. Lafley, you know, running a company that has so many brands and knowing all of them and knowing how to get the right response from employees is a big problem.
Now, the same thing happened at Unilever, which I consider a very great company. I remember when I was in India, Lever was known everywhere for their work in India. But in any case, it was handled by Paul Polman recently for 10 years. Paul did a remarkable job. People now know Unilever for their work with Dove and all women are beautiful.
The two things he did that made him exceptional is he said he doesn’t want to do quarterly reporting of marketing because that means he’s going to be either complimented or criticized if that quarter the results didn’t come through. He wants only annual reporting of marketing results. Very smart move because then he can be a long-range planner and get to do the right things.
And then he also said that of the seven groups that are stakeholders in marketing—with of course customers being the first group and employees the second group—he says the last group are the investors. In other words, yeah, think of all your stakeholders, but the one you can pay the least attention to is stakeholders because if you do the others well, the investors will get a good return too. So we love the storytelling about some people like A.G. Lafley and Paul Polman as leaders. And I can name a number of others as well.
Andrew Mitrak: I’m glad you mentioned those names because sometimes folks will go straight to Steve Jobs or maybe Walt Disney or David Ogilvy or some other name, but I’m really appreciative that you found names that you don’t see at the top of lists all the time. So that’s great.
Besides your own work, is there one book you believe every student of marketing should read?
Philip Kotler: I think that for inspiration, not only about marketing but about how to think well about the contributions of business to life itself, Peter Drucker is my favorite. And you could read in fact one of many of his books, but one is called The Essential Drucker. And it’s probably got marketing in it because—in fact, some scholar recently wrote how Drucker was the first marketer or major thinker in marketing.
Advice for Early Career Marketers
Andrew Mitrak: Is there a piece of advice that you most often give to people who are early in their careers in marketing or considering a career in marketing?
Philip Kotler: Yes, I first want to be sure that they love working with people as well as numbers. But I would say that to be successful, they should go toward studying a niche of some kind. You know, it’s just like in literary work, everyone is doing a dissertation on Shakespeare, but we’ve overdone Shakespeare. So find something that has rich possibilities.
Now, let me give you an illustration. I have great admiration for Hermann Simon, who is not only professorial but he also is engaged as a CEO. And he said that he noted—he was in Germany—and he noticed that there were a lot of companies that were not well known, but they were small, but they were specialized, and that they were making lots of money. And he says, “I think I’m going to study why should a small company make so much money? What’s the secret?” The secret is they’re making the best of something.
And he wrote a whole book about—and his reputation started on that basis—that we turned to him. He knew each of those dozen companies that he was talking about. And so you as a new person in the field of marketing, observe something that triggers your curiosity and get deeper into it because there is so much now—data is so available on so many things. I think you can be a head start person.
Andrew Mitrak: I’m going to ask you a follow-up on this one because a thing—I think that’s totally right focusing on a niche. If I was to modify it, ideally you can find a niche that can then expand. That you’re not going to be pigeonholed too much into a niche. Many companies, like Nvidia, which is a very big company today, started with the niche of graphics cards for video games, but then expanded to data centers and AI. Or Amazon started with books but then expanded to everything.
If I also kind of even think of my own interest in marketing history, one of the reasons I chose it is that marketing history sounds very niche, right? And not a lot of people cover it. But when you think about it, a lot of things can be considered marketing, and a lot of things can be considered history, and so it has the potential to expand in a lot of interesting directions. And that’s something that I’ve thought about as well. Would you agree or disagree with that idea?
Philip Kotler: Yeah, actually not only maybe study a niche, but study how a niche grew into a big firm. Because a lot of niches just die. So what was common to the success stories of niches that grew into bigger businesses? And there’s other ways to make a mark in marketing. Probably someone will one of these days list a set of problems that are still to be solved by marketers and get more people focused on those problems.
Is marketing still a good career?
Andrew Mitrak: Do you think that marketing today is still a good use of one’s career? If you were starting your career all over again today, would you still choose marketing as your place to work?
Philip Kotler: Yes, I find that there’s no such thing as a master of marketing because every marketer is going to continue to be challenged by changes that are occurring in this vast area. So I would choose the same career I had. I mean, I can think far out to entirely different careers. I could have been into literary works and commenting on Shakespeare and all that, or been into music, which I love. But I would say that one good field that is enriching and not tiring often is the marketing field.
I would say—now, you know, it’s interesting because when you take the field of law, I spoke to a lot of lawyers who are just tired of being in law, unhappy about having chosen—their father got them to become a lawyer. I’m not hitting lawyers because my wife’s a lawyer too, and she has her feelings about this. But the thing is, the field of marketing keeps changing and keeping you alive to new things all the time.
Andrew Mitrak: Yeah. I’m about, depending on how you count it, 10 to 12 years, maybe a little more, into my career in marketing. And something that I love about it is that I can learn about marketing if I keep my eyes open and really stay curious. I can learn marketing lessons almost everywhere or see it in practice in everything. And it’s something where—and also you can kind of talk to a lot of different fields because it’s a discipline of disciplines. My wife’s a therapist and is deeper into psychology, and I can obviously learn a lot from that. And speaking to anybody at the companies I work at—of course sales and product and engineering and finance and operations, everything—marketing has sort of something to learn and something to say and something to contribute. And I just find it very enriching.
Philip Kotler: Yeah, good. So you would choose the same field.
Andrew Mitrak: Yeah, marketing is great. I’m a fan, and I hope other people can find as much pleasure in the field.
Kotler’s Core Philosophy: “Customer is King”
Andrew Mitrak: When future generations of students read the name Philip Kotler in their marketing textbooks, is there a single most important idea that you hope they associate with your work?
Philip Kotler: I don’t know, but I would suggest they should think “Customer is King.” One possibility. Just to remember the focus of marketing: Customer is King.
And I would say a belief in the fact that marketing is about trying to improve the life experience of people by exposing them to new possibilities, new wonder goods and services, and all about increasing their well-being as people and their happiness as people. That much of my marketing is about trying to make a happier and a healthier life for people as a purpose of marketing.
Andrew Mitrak: I love the sentiment of those ideas. I think that in my own role when I market, I often think like I’m trying to advocate for the customer across the board. That different departments have different goals, and back to incentives, those goals may not be aligned with what’s in the best interest of the customer.
Sales might have some near-term target they’re trying to hit and want to do tactics that might come off as aggressive and off-putting to potential customers. And marketing, of course, you need to support sales, but you need to also support the customer, and you need to sort of advocate for what’s in the best interest of the customer as well. So I think that’s a really actionable piece of feedback.
Philip Kotler: You remember that some companies insist on putting an empty chair during their deliberations. And who’s in that chair? The customer. Just a reminder.
Andrew Mitrak: Yeah, we need to figure out a way to do that on virtual meetings too, of having an empty little tile on your Zoom or your Google Meet for the customer.
Andrew Mitrak: Do you have any advice for me as I continue my exploration into marketing history?
Philip Kotler: Well, I’ve watched all of your 40 films, and I learned a great number of things. We might ask you to identify some of the people who are CMOs, Chief Marketing Officers, who do have an academic background too. You might talk about how their practices have been very informed about the findings of people because maybe that message being watched by other CMOs might help bring them into more consciousness of what to look for in academic work that might be of interest to them.
The marketing that is done in different—quite different—countries would be very interesting. Especially if you find a country which says they do a very different type of marketing that is not mentioned. For example, the old idea is if I’m going to buy a rug –a carpet– in the United States, let’s say, there’s a price. If it’s in a department store, you don’t generally negotiate. But if it’s a carpet in Iran or somewhere else, it’s a game. You’re playing a game before you ever get to a price. So maybe a lecture or two on what is different about marketing in your country from what the textbooks say marketing is about. What is your marketing mix of tools?
Andrew Mitrak: That’s right. I once bought a rug in Istanbul, and the process that I went through buying that was so different. It was nothing you’d ever read in any marketing textbook. I went in, the person served me tea and snacks, and I sat and they brought them out. And I paid way too much for this rug, which is now stored away in my basement somewhere. But I felt so obliged just based on the experience. It was almost like I was paying for an hour of entertainment or paying for an hour of the tea or meal or like the way you’d overpay for tea at some fine dining hall or something. And so I don’t necessarily feel ripped off in a way, even though the price for the rug that I paid makes no economic sense at all, but the price I paid for the experience of it makes a lot more sense. And I think there’s something—and also there were still things like haggling and there was friction in the process—and it’s something that you just couldn’t—that doesn’t appear in any Western marketing sources. So I’d be really curious to dive into that.
Philip Kotler: There’s another thing that I noticed is they’ll show you some rugs and you say, “No, I can’t find anything interesting to me.” They’ll say, “Well, wait, we have another room here. We’ll show you some rugs.” And you get excited, but they’re more expensive. But still you don’t move. And then they say, “Would you really like to see the real rugs? I mean, just to show you what they are.” And they take you to a third room. And I’ve seen that technique work not only with rugs but that they take you—you really feel special to have seen the best.
Andrew Mitrak: Yeah, there’s a special episode coming just on rug marketing. [Laughs]
A Heartfelt “Thank You” to Philip Kotler
Andrew Mitrak: Phil, you mentioned that you watch the show, and that just means the world to me. If I was just doing this for a viewer of one, I would do it. And also that you were the first person to appear, you shared a kind note about the show with your network, and you also introduced me to some really amazing guests as well early on.
I just want to sincerely thank you so much for your support. You don’t need to do that, you don’t need to be as kind as you are. So I’m grateful to have met you through this project and to have your support throughout it and your viewership of it. I’ve learned so much from you. Thank you for everything.
Philip Kotler: Thank you so much.
Andrew Mitrak: As we wrap up, are there any recent publications or upcoming publications that you’d like to promote for listeners?
Philip Kotler: Yes, we’re putting out books on transformative marketing, which is much more sophisticated. And I’m working with V. Kumar, who’s one of our great researchers in marketing, on what we call transformative marketing. So we will be coming out with material on that. Thank you for asking.
Andrew Mitrak: Of course, yeah. I’m glad you’re continuing to collaborate with Professor Kumar. VK was a very fun interview to do and such a great thinker. So Dr. Philip Kotler, thanks again so much for your time. I really enjoyed this interview.
Philip Kotler: Andrew, thanks to you for what you’re doing. We’re all benefiting from it. Keep it up.
