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What is Marketing?

In many ways, the course work for a marketing degree overlaps with the coursework for a business degree. This should come as no surprise, since both business degrees and marketing degrees help you learn practical skills that work across a broad range of industries. While each college or university names their courses a little differently, the type of marketing courses you can expect to encounter while working towards a bachelors’ degree in business or marketing, an MBA, or a master’s degree in marketing, will be similar regardless of the school you attend.

Of course, marketing students will focus on marketing principles. Frequently, the core principles of marketing are referred to as the 4Ps: selecting a Product; determining the Price; selecting a distribution channel or Place; and developing a Promotion strategy. However, marketing students need to understand marketing on a deeper level than a simple 4P overview provides. For example, marketing majors may not ever have to conduct their own market research, but they should understand statistics, as well as the tools and techniques market researchers use, so that they can evaluate that research. Marketing students also need to understand how to market to businesses, including a thorough understanding of the supply chain.

One of the ways that marketing courses deviate from business courses is that they emphasize the role of human behavior. In many ways, marketing is selling, and to sell products, one must know people. Consumer behavior, or the psychology of marketing, helps explain what motivates people to make purchasing decisions.

You can expect to encounter at least one business communications course. These courses focuses on those components of communications that are most relevant in a business setting. They may include international communication, managerial communication, and even business writing courses.

Marketing students will also need to be familiar with economics. While many times you will only be required to study macroeconomics, you may find it easier to understand economic concepts if you also study microeconomics. In different ways, both approaches to economics look at the core concept of supply and demand. A marketing professional’s job is not only to create demand for a product, but also to be able to realistically assess whether such demand can be created and what price point the demand will sustain. Although it is geared more towards understanding the supply chain, Forio’s Root Beer Game can really enhance student’s understanding of supply and demand.

Given the globalization of most businesses, marketing students have to be familiar with an international business environment. Strategies that work well in one situation may be completely inappropriate in an international context, therefore students need to learn global marketing strategies. Of course, if you intend to market to a specific international area, then taking courses that are specifically tailored to that area can be helpful, even if they are not in your degree plan. It is not unusual for marketing students to study sociology, foreign language, and culture in order to gain a better understanding of their potential consumers.  [ Show Less ]

 

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Coach's internal and external business environment analysis
This paper is about Coach. It contains a SWOT analysis. There is also an analysis of the internal environment, including core assets and marketing function. There is an analysis of the external environment as well. This includes competitor analysis, and elements of a PEST analysis. This is part of a larger project on Coach.
Research Paper Undergraduate
The five stages of consumer decision-making processes
Consumer behavior is the learning of how individuals buy, what do they buy, when they buy and why they buy. It helps to recognize the buyer decision making procedure, similarly in both separately and in groups.
Paper Undergraduate
Strategic planning frameworks for private hospital management
Dr. Dan Beckham explains strategic planning like this: "The allocations of scarce resources to your best opportunities" (Beckham, 2010, p. 6). Actually, he goes on, writing an editorial for the journal Trustee,…
Paper Doctorate
Hip implant market segmentation and targeting strategy in the United States
The ambition of marketing a competitive and innovative set of hip implant options can only be achieved through an effective identification of target markets and a cohesive understanding of segments within these markets.
Paper Doctorate
Enterprise data warehouse implementation at Continental Airlines and Toyota
Analytics, Business Intelligence (BI) and the exponential increase of insight and decision making accuracy and quality in many enterprises today can be directly attributed to the successful implementation of Enterprise Data Warehouse (EDW) and data mining systems. The examples of how Continental Airlines (Watson, Wixom, Hoffer, 2006) and Toyota (Dyer, Nobeoka, 2000) continue to use advanced EDW and data mining systems and processes to streamline their business models are a case in point. The greater the level of economic uncertainty, perceived and actual risk in any given strategy or endeavor, the more the reliance on EDW, data mining and advanced forms of predictive modeling including analytics (Sen, Ramamurthy, Sinha, 2012). From this standpoint, the emerging areas of high growth in the global economy are attracting a high level of investment in EDW, data mining, predictive modeling and analytics. The latest figures illustrate how valued EDW and data mining are in enterprise today. According to industry research and advisory firm Gartner, the EDW and data mining market began 2011 with a global value of $23.2 billion with a projection of market growth of 7% per year through 2015, making it one of the largest and perennially growing enterprise software market (Sen, Ramamurthy, Sinha, 2012). Gartner has defined the EDW and data mining architecture as being comprised of the architectural design, repository and execution platform. These three core components are how this research and advisory firm analyze the market from a software component standpoint, looking at the relative adoption of each EDW and data mining component (Sen, Ramamurthy, Sinha, 2012). The intent of this analysis is to evaluate the benefits and current trends in EDW and data mining, evaluating Continentals' and Toyota's best practices and results achieved. Additional objectives include an assessment of EDW and data mining optimization techniques, recommendations for storage solutions and an analysis of a potential EDW process workflow predicated on a Customer Relationship Management (CRM) system.
Paper Undergraduate
Cross-functional and self-directed teams in organizational contexts
The document describes cross-functional and self-directed teams. The necessity of such teams and the role of leadership are considered. The world of business is constantly changing and so are the nature and composition of teams.
Paper Doctorate
Why organizational behavior matters for workplace success
Organizational behavior is basically the study of how establishments can be structured more successfully, and how more than a few events in their outside circumstances result administrations. Learning a lot in regards to organizational behavior in today's commerce environment could aid those that are supervisors that are building up a better work that relates to an understanding of themselves and their supplementary. Organizational behavior matters because it is everything an organization cares about.
Essay Doctorate
Jane's false Hispanic-American identity claim and FTC advertising regulations
¶ … against Jane claiming to be Hispanic-American in her ads.
Research Paper Undergraduate
Sprint's 2005 merger with Nextel Communications and market position
Sprint Corporation's history started in 1899, when its founder, Cleyson Brown, founded the Brown Telephone Company in Abilene, Kansas (Sprint Nextel, 2007). In 1972 the company's name was changed into United…
Research Paper Undergraduate
Foot Locker's growth strategy through acquisitions and international expansion
Originally founded by Woolworth & Company chain in 1974,-Foot Locker is best known as being one of the highest performing subsidiaries of the Venator Group, the name the Woolworth's chain in 1998.