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From celebration to a national movement for market governance

From celebration to a national movement for market governance
Md Shariful Islam Dulu. Photo: Collected
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Marketing is often misunderstood as advertising, promotion or selling products. In reality, it is much broader. Marketing connects producers with consumers, creates value, builds trust, encourages innovation and influences how businesses compete. In an economy like Bangladesh, where consumer markets are expanding and competition is intensifying, marketing deserves greater recognition as a driver of economic growth and social progress.

This is where Bangladesh Marketing Day assumes its significance.

Bangladesh Marketing Day is an initiative to recognise the contribution of marketing and sales professionals, academics, entrepreneurs, students and businesses to the country’s economic development. Observed through the efforts of the Marketers’ Institute Bangladesh (MIB) since 2018, the day provides a platform for sharing knowledge, celebrating professional achievements and promoting marketing as a strategic business function.

It also creates an opportunity to bring together universities, corporations, policymakers and marketing practitioners to discuss the changing dynamics of markets and consumer behaviour.

Bangladesh has a large consumer base, a growing digital economy, a vibrant SME sector and significant potential in agriculture, manufacturing, retail and services. Yet, many businesses continue to struggle with weak market research, inconsistent product quality, limited consumer insight, fragmented distribution and insufficient professional marketing practices.

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The challenges are particularly evident in agricultural marketing, where farmers may receive a small share of the final consumer price despite carrying much of the production risk. Similarly, consumers often face questions about product quality, pricing transparency, misleading promotions and accountability.

Marketing must therefore go beyond selling. It should help create fairer markets, stronger brands, responsible businesses and informed consumers.

আরও পড়ুন

Bangladesh Marketing Day can provide a national platform to address these concerns by encouraging ethical marketing, professional development, consumer protection, entrepreneurship and stronger links between academic research and business practice.

The initiative has made meaningful progress in creating professional visibility, encouraging industry–academia collaboration and bringing marketing leaders together for dialogue. Previous celebrations have featured discussions on sustainable marketing, consumer wellbeing, digital transformation and professional development. The 2025 celebration, themed “Marketing Wellbeing”, demonstrated how the platform can expand the conversation beyond business profitability to social responsibility.

However, the true effectiveness of Bangladesh Marketing Day should not be measured only by attendance, media coverage or the number of participating organisations. Its long-term success depends on whether the discussions lead to measurable improvements in marketing practices, professional skills, consumer confidence and market institutions.

The next phase must therefore focus on tangible outcomes. MIB can commission an annual Bangladesh Marketing Report, promote marketing research, develop professional certification, establish university–industry partnerships and recommend evidence-based policies to improve market transparency and accountability. Special attention should be given to small businesses, women entrepreneurs, rural producers and young marketing professionals.

The ninth Bangladesh Marketing Day, scheduled for 6 November 2026 at Bangladesh Shilpakala Academy, will explore “Marketing in the Age of AI”. This theme is timely, as artificial intelligence is transforming consumer insights, advertising, sales forecasting and customer service. Yet, technology must be accompanied by ethical standards, data privacy, human judgement and accountability.

Bangladesh Marketing Day should evolve into more than a celebration of a profession. It should become a continuing national platform for market development, ethical business conduct and consumer welfare.

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Ultimately, marketing is not simply about persuading people to buy. It is about understanding needs, creating genuine value and building lasting trust between businesses and society. If Bangladesh Marketing Day can translate these principles into research, professional standards and public policy, its contribution will extend far beyond a single day.

The real measure of its success will be a marketplace where businesses compete fairly, consumers are protected, producers receive just value and marketing contributes meaningfully to national prosperity.

The writer is a business strategist and market economist serving as the member secretary of the Marketers’ Institute Bangladesh (MIB)

Views expressed are solely those of the author

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