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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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Transitioning from manager to transformational leader in cross-functional teams
The role of a manager is to plan, organize, lead and control. These however are not enough to ensure the overall growth of a business. What is also needed is a strong focus on emotional intelligence and growth of insight into how best to manage change.
Paper Doctorate
The role of public relations in business and investor relations
Introduction So what is a business? A business is an organization that operates to generate profits, usually for its owners. Those owners may be a private individual or individuals, a group of individuals who form a partnership, or a wider group of people with a financial interest in the business and its profits because they are shareholders or members. The things a business does to generate those profits are varied. It may manufacture goods for sale or trade, import or sell goods and products, or provide services to people or other businesses (Davidson, 2011). Public relations have several important roles in a business. It can make people aware of what the business is able to provide (goods and services), help the business communicate with the people who have an interest in it (owners, customers, employees and the community), and help the business develop an image and reputation within its environment. Public relations practitioners are in constant contact with publics that affect the activities of an organization (Payne, 2009). Because of this, public relations practitioners can be important influencers of how people regard the business and its activities. This is part of the boundary-spanning role of public relations. A boundary spanner is an individual who creates links between different publics and the organization. They metaphorically span a boundary between an organization and other groups of people through facilitating communication (Adams, 2012).
Essay Doctorate
Marketing ethics and legal considerations in American business
Marketing ethics is a field addressing the standards and ideals defining acceptable conduct in the market (Murphy et al., 2005). Typically this will occur within the context of an organization (Murphy et al., 2005)…
Essay Doctorate
ERP implementation strategies and organizational competitive advantage
With the increase in interest in the process of implementing information technology for the achievement of coordinated management of operations and other organizational aspects, there are huge concerns regarding the worth of these processes. This article examines whether implementing coordinated technology really translates into competitive advantage for a firm. The paper also explores various ERP implementation strategies and its impact on a firm's competitive advantage.
Paper Undergraduate
Segway Inc.'s pricing strategy and marketing mix recommendations
The Segway appeared as a response to the quickly changing environment and shifting features of consumer demands. Expected to revolutionize the traveling habits, the Segway failed to retrieve the desired outcomes however.
Essay Doctorate
Coca-Cola's differentiation strategy and brand vulnerability
Coca Cola's business strategy is built upon differentiation. It uses both types of differentiation, quality and branding, to set itself apart from its competition. The success of Coca Cola is literally built upon the…
Paper Undergraduate
Financial analysis of Gulf Cement Company PSC from 2008-2010
In this paper,we perform a financial analysis and a review of corporate governance for GULF CEMENT COMPANY P.S.C.The report adopts the following format: a. Introduction about the company b. Horizontal/vertical analysis should be used (use annual reports for 2008, 2009, 2010).for financial statement –when you breakdown the item analyze the significant item and then break it down more. c. Trend analysis need to be considered against the same sector. d. Relevant ratios should be employed focus on Liquidity Measures (Working Capital, Current Ratio, Quick Ratio), profitability (Return on equity, Return on investment, Gross margin ratio)and Solvency ratios(Debt Ratio, Debt/Equity Ratio) for the three years and show how did you calculate each ratio, then give an explanation for the results e. Cash flow performance, in particular the operating cash flow. f. Need to forecast cash flow in order to ascertain the ability to repay future debts. g. Determine the corporate governance mechanisms for each company (e.g., board size, shareholders, and auditors). h. Link these mechanisms with the results of your analysis i. Demonstrate the main sources of risk including those beyond your company's control j. Marks will be awarded for your own personal opinions and, in particular, recommendations. It is important that you provide academic support for your critical evaluation and recommendation, as marks will be awarded for this
Case Study Undergraduate
Blogging as a marketing and communication tool for e-commerce
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Research Paper Undergraduate
Internet-based training systems for evaluating B2B sales personnel
How can companies best use the Internet as a training tool for their sales people? Is this a good use of the technology?
Research Paper Undergraduate
Revitalizing Hawaiian Punch through distribution strategy and market segmentation
Kate Hoedebeck has a difficult task to revitalize the Hawaiian Punch brand while simultaneously bringing the product into the Cadbury-Schweppes distribution structure. If growth is the goal, and the current segment of…