Areas Quote by Theodore Levitt
“The oil industry is a stunning example of how science, technology, and mass production can divert an entire group of companies from their main task. ... No oil company gets as excited about the customers in its own backyard as about the oil in the Sahara Desert. ... But the truth is, it seems to me, that the industry begins with the needs of the customer for its products. From that primal position its definition moves steadily back stream to areas of progressively lesser importance until it finally comes to rest at the search for oil.”
About This Quote
Source Book: Marketing Management, 1960
The industry shifts focus from serving customers to chasing resources, reversing true purpose.
In simple terms: Companies prioritize product over customer needs.
Refocus on customer needs first.
Themes
Mood
Type
When to use this quote
- product development
- sales strategy
- corporate planning
- resource management
Key Concepts
Questions to Reflect On
- How can firms balance customer needs with resource acquisition?
- What mechanisms keep companies customer‑centric?
The quote may oversimplify complex market dynamics.