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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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McDonald's vs KFC: Five Forces, Balanced Scorecard & SWOT
This research paper aims to analyze the internal and external business environment of two fast food giants, McDonald's and KFC. The major sections of the paper include introduction to the companies; the competitive analysis of the fast food industry using five forces model; the Balanced Scorecard and SWOT analysis of the companies; and a set of recommendations in the light of these analyses.
Paper Doctorate
Bharti Mittal's Joint Venture Strategy and Management Principles
Mittal used a variety of different skills in building his empire. With respect to human skills, Mittal utilized two very different skill sets. The first was his own competencies in marketing and distribution in India.
Essay Doctorate
Level 5 Leadership: Humility, Will, and Good to Great
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Paper Undergraduate
Brand Management: Equity, Naming, and Consumer Knowledge
1. Describe the roles and objectives of a brand manager and a brand management team Brand, or product, management is the other principal area of corporate advertising and in recent years has become one of the dominant fields of marketing, often driving advertising development. Brand management is usually part of the marketing or sales department. The brand manager concept was established in the 1930s by the giant packaged-goods corporation Procter and Gamble and has since been adopted by many companies, particularly those that manufacture food, packaged goods, and many different products and brands.
Research Paper Undergraduate
Corporate Communication: Roles, Skills, and Career Outlook
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Public Relations Theory and Practice: VSAG Case Study
¶ … business becomes increasingly competitive and global across a "flat" world, the role of the public relations (PR) specialist grows in value to the organization. It is important to have someone closely connected to…
Research Paper Undergraduate
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Business Expansion into India: A Report for C&C Industries
After an extensive Internet search on the current business climate in the nation of India, it appears that conditions are ripe for some type of expansion in India by C&C Industries.
Paper Undergraduate
Survival Course Marketing Plan: Strategy and Analysis
This marketing plan is for a survival course offering that is based on a growth in demand for this type of training in recent years, fueled by doomsday predictions leading up to December 21, 2012 as well as the culture of fear that has developed among some American consumers in the post-September 11, 2001 United States. The marketing plan includes sections concerning recent trends, the targeted market, first year financial projections and other traditional marketing plan components.
Essay Doctorate
New Product Development Process in Financial Services
"I work for a financial services firm. We do new products development all the time, and a lot of it is of the incremental variety. You know, bundle credit card access to a savings account, bundle the savings account to…