Relationship between Marketing and Marketing Myopia

Marketing is an approach that aims to create customer value and relationships (Armstrong et al. This target serves to provide a business with a competitive advantage. According to Armstrong et al. (2018), the primary goal of marketing is to appeal to new consumers by promising superior value besides retaining and growing existing clients through satisfying their needs and standards. Therefore, marketing is oriented towards customers. This question should be answered while marketing as opposed to focusing on creating a specific product. Appropriate marketing while avoiding marketing myopia provides a business with a diverse customer base and competitive advantage (Ralston et al. An example is the railroad lines, which declined following a perception that they were in the train business rather than in the transportation business (Levitt, 2004).