On occasion I am asked about the legacy I would like most to leave to the profession I have devoted the past 25 years of my life to. The answer is:
Acceptance of adult development as the foundation of marketing theory, study and practice.
Though I have no degree in psychology, I have been fascinated by the field ever since as a practicing landscape architect I wanted to know more about how people used and took pleasure in (or ignored) the gardens, playgrounds and community land plans I designed. So I began reading in psychology.
Over the years I gravitated toward developmental psychology, a move that was accelerated by my becoming a single father of two daughters. The youngest, Stephanie, was three when I became her sole custodian. I wanted to know about her stages of development before she entered them so that I would be better prepared for what was to come. So I began by reading about the ideas of Swiss behavioral theorist Jean Piaget on childhood development.
While learning more about childhood development, my career path was shifting toward an exclusive focus on so-called senior markets. Curious about differences in marketplace behavior between people of differing ages, I extended my studies of human development from childhood, through early adulthood and into old age. However, most of my reading about adult development focused on the second half of life – from around the age of 40 onward. I chose 40 as the demarcation between "younger" and "older" consumers rather than age 50 because age onset behavioral differences seen more clearly at age 50 actually have their roots in significant personality changes that typically emerge around 40 give or take a year or two.
As I delved deeper into the topic of adult development via Carl Jung, Erik Erikson, Abraham Maslow, David Gutmann and others, it became vividly apparent that the marketing professions, including consumer research, were ill-prepared for the then still-to-come onslaught of “second half” customers, more specifically, aging boomers.The oldest boomer was 42 when in 1988 I set about writing The Ageless Market. I identified in this book a number of reasons why marketers were grossly unpreparedness for a marketplace dominated by second half customers. Sadly, many of those conditions continue to exist nearly 20 years later.
I plan to devote the next several posts showing how marketers can become markedly more effective by integrating tenets of adult development psychology into the foundations of their consumer research and marketing practices.