
The marketing function in latin countries is sick. Companies don't understand the markets neither their own customers. Companies don't realize how their competitors are evoluting neither how technology is changing the economy. Companies are not market oriented neither customer oriented! Companies are "black hole oriented"!! They are digging their own grave when they cut in marketing staff or in marketing budget, because what really matters is not how much they spend but how they spend it and how the investment affects the ROI!
Companies have a lesson to learn. Bill Gates said one time that "if he had one dollar, he would spent it on marketing". I am not asking to companies to increase their marketing budgets. I am just saying to spend it wisely! Why it's so difficult?
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