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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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Thesis Undergraduate
Leadership Priorities and Practice in Organizational Management
The enterprise software industry is going through a series of disruptive innovations that are disrupting the economics of the industry while also shifting the balance of power away from the Chief Information Officer (CIO) to the line-of-business leaders including the Vice Presidents, General Managers and Directors of Business Units. As this balance of power shifts throughout enterprise software, many long-standing approaches to developing, delivering, monetizing, and supporting software are also changing. One of the most successful companies in the enterprise software industry, specifically in the Aerospace and Defense sector, is Cincom Systems. Cincom has been able to attain a highly profitable business model by creating very customized systems for customers' needs while at the same time creating maintenance agreements that ensuring highly profitable recurring revenue stream over the long-term. This strategy has been largely responsible for the company's ability to withstand the recurring recession globally that has occurred over the last five years. It has also given Cincom Systems, which is privately-held, a strong foundation for investing in new technologies and accelerating their Research & Development (R&D) spending as well. The one significant organizational challenge the company faces today is transitioning from its primarily on-premise platform to a Cloud-based one, specifically on the Software-as-a-Service (SaaS) architecture that the majority of its competitors are using today. The economics of Cloud Computing and SaaS specifically are completely reordering the competitive landscape of the enterprise software market and pose a very significant threat to Cincom over the long-term. There are many challenges that Cincom must overcome to deal with this shift in product strategy, and will also have a corresponding impact on their overall financials and profitability. The intent of this paper is to analyze and explain how Cincom can rely on leadership theories to overcome these challenges and capitalize on them over the long-term.
Paper Doctorate
Mark's communication and documentation challenges in nursing practice
Introduction- Just as the theoretical and practical backgrounds of nursing have changed over the past several decades, so has the nursing education environment itself. . Students now entering the field are diverse in…
Essay Doctorate
Principals of Marketing Throughout History a Wide
Throughout history a wide variety of products have been introduced, which are having a tremendous impact on the way everyone is living their daily lives. One such example of this can be seen by looking no further than…
Thesis Undergraduate
What Drives Adult Consumers to Not Consume Vegetables
The eating habits of adult consumers are largely determined in the formative years of growth, especially in childhood and adolescence (Fitzgerald et al., 2010, p.1). When coupled with the notion that "liking" and…
Research Paper Undergraduate
Smart ups by Rob Ryan
Rob Ryan in his book Smartups makes use of his experience teaching beginning entrepreneurs how to develop a plan, raise money, and put their plan into effective action. He finds, however, that most are not prepared and…
Paper Undergraduate
International marketing ethics: principles and practices
Successful advertising has always walked a fine line between touting the benefits of a particular product or service and making unethical claims and/or employing unethical techniques in a marketing strategy.
Paper Undergraduate
Logical Fallacies Appeal to Authority:
Appeal to authority: Selling the Nike Free
Research Paper Doctorate
Marketing plan for Liberty Travel Co
When it comes to bananas, Dole has long been at a disadvantage. Dole is association for most Americans with pineapples and with various shady dealings in Hawai'i. If you want to go bananas, you go to Chiquita.
Thesis High School
War on Drugs in Columbia
The following is a research on the history and continuation of drugs in the Republic of Columbia. Drugs from South America, especially from Columbia are manufactured and distributed all over the globe, and is linked to producing humongous amounts of millions of dollars as returns to the drug cartels. The United States through the CIA have tried combating the continued drug chain as it has instigated the development of other drug-related crimes, that pull down the U.S economy.
Thesis Undergraduate
Sugar Substitutes Sweet but Deadly? Health Concerns
This study looks at the true effects of food additives, particularly sugar substitutes like aspartame. FDA, the American Diabetic Association and a number of researches have endorsed its appropriate use for food. But more and more studies are coming up with findings on their dire link with a number of diseases and other negative effects, a few of which are a threat to offspring still in the womb