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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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Essay Doctorate
Toyota's brand strategy and market dominance in automobiles
This paper analyses Toyota's current advertising (in 2011), along with the advertising for two major competitors (Ford and volkswagen), and then discuss ideas for the next generation of the brand's advertising. The paper also analyses print advertising, even if the brand and its competitors also (or even primarily) use broadcast. The paper is in three parts, category background, analysis of competitive advertising and brand advertising strategy.
Essay Doctorate
Starbucks' cluster strategy and adoption of cashless payment technology
This is an overview of the Starbucks strategy and its expansion from its original flagship coffeehouse in Seattle. It explains its overall philosophy as a company regarding store locations, as well as discusses how it uses technology to further its strategic aims. It concludes with an analysis of how Starbucks can use specific locations within malls to improve sales.
Research Paper Doctorate
Aston-Blair Inc.'s forecasting problems and inventory control crisis
Aston-Blair, Inc. was one of the United States largest producers of precious metal alloys and other special metal alloys for commercial and industrial use. The company was medium sized, main headquarters was based in…
Essay Doctorate
Cialdini and Carnegie: Six principles of persuasion in psychology
In this essay, the author will write a social science topic paper that falls within the field of psychology and on the subtopic of persuasion. This author has decided to pursue this topic because of the importance of understanding the subject of persuasion. It is used in everything from sales to simply convincing someone of your opinion. While the works of individuals like Robert B. Cialdini have been trailblazers in our historical memories, it is the opinion of this author that in many ways Dale Carnegie's How to Win Friends and Influence People is still one of the best. While not a clinical psychologist, Carnegie was self-taught in many ways in psychology and like Cialdini gathered his observations from years of on the job and on the spot observations that are attested to by the continued reliance upon his book and principles as taught worldwide by the Dale Carnegie Institute.
Thesis Undergraduate
Parental fast food consumption: advertising, knowledge, and convenience factors
Television advertisements play a role in deciding what we consume, and that marketing is geared toward children no less than it is toward adults. McDonald's fast-food chain, for instance, gears an entire production line…
Paper High School
McDonald's product design and the product life cycle strategy
McDonald's Corporation is considered as the leading fast-food restaurants chains across the globe with more than 32,000 franchises in over 140 countries. These franchises offer a standard menu that include food items…
Research Paper Undergraduate
Service-oriented architectures for streamlining manufacturing quote-to-order processes
The evolution and current practice of IS/it Strategy: A Critical Review
Research Paper Undergraduate
The future of high street travel agents in U.K. tourism
The following pages will focus on providing an outlook on the situation of the U.K. tourism in general, and of travel agents in particular. The main aspects brought under discussion by this research paper regard the…
Research Paper Undergraduate
Economic growth and its long-term effects on human society
The Pursuit of Economic Growth is not in People's Long-Term Interest
Paper Undergraduate
Boston's 2009 ban on cigarette sales in pharmacies
On February 9, 2009, a new ordinance went in to affect in the city of Boston, banning cigarette sales in pharmacies. The ordinance was passed by the Boston Public Health Commission and covers only the city of Boston,…