Theory matters

by admin on July 27, 2006

in Marketing

I’ve been trying to fathom the ‘new’ in Doc Searls idea that ‘markets are relationships.’ For those that don’t know – Searls is held up as a marketing guru on the back of his Cluetrain book. I will confess I don’t get it. Not cluetrain but Searls current thinking.

Hugh MacLeod thinks Doc is bang wrong, but then he flip flops. I still don’t get it. Where is the ‘new’ in this idea? What’s here that professional service providers (accountants, lawyers and IT consultants) wouldn’t simply shrug their shoulders at and say ‘So what? We intuitively know that.’ Even if they’re terrible at delivery – a separate argument.

Most of the folk who talk to me offline are departmentally aligned to marketing but I confess I don’t know what they do, how they’re measured or their contribution to business value. All I know is they’re there to pimp messages I’m supposed to suck up. Which I don’t (usually.)

Tara Hunt goes so far as to say:

Personally, I think Markets are a figment of our imagination…a dream…a result of wishful thinking.

Which brings me neatly around to theory. Sure, we live in a world where conventional rules are being re-written and challenged. But anyone who wants to be taken seriously in business cannot jettison ‘conventional thinking’ without developing a theoretical basis upon which to test ideas. So please tell me – where are the hypotheses here? Where is the thinking that allows me to locate the ‘new’ marketing in the context of business today – or for that matter tomorrow?

If you believe that post-modern deconstructivism undermines all present and near future economic models then fine. If so, then give me a model I can test and apply to 21st century economics.

PS – I anticipate some will write off my thoughts as elitist crap. OK – but I have to sell ideas to real people in real businesses where real money is at stake in places they and their peers call markets. ‘Nuff said.

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but I have to sell ideas to real people in real businesses where real money is at stake in places they and their peers call markets.

How can you do that Dennis when markets are imaginary?

I'm confused!

;)

"But anyone who wants to be taken seriously in business cannot jettison ‘conventional thinking’ without developing a theoretical basis upon which to test ideas."

thats all well and good, but what about string theory?

I have a view! a market is a place where buyers and sellers come together to transact. It does not have to be a physical location, provided there can be interaction sufficient to allow transactions to take place, but of course if you aren't offering the best price then why would anyone buy from you - this is where relationships are important, but that is just a substitute word for differentiation. But that has been around since trading began - there is nothing new!

You're right, Dennis, about the lack of originality. Are all your readers familiar with the book by Pfeffer and sutton "Hard Facts, Dangerousd Half-truths and Dangerous Nonsense."? Pfeffer has a great line - we should focus on what is TRUE, not what is NEW.

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