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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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A critique of The Shallows and internet's impact on society
The pervasive nature of the Internet has been responsible for the development of entirely new business plans and the creation of entirely new approaches to communicating and collaborating. There continues to be a focus on making the Internet a stronger foundation for successfully tailoring products and services to country;s specific needs as well. Nick Carr discounts all these advances with a myopic, negative perspective of how the Internet is making society stupid. The paper refutes his claims.
Paper Undergraduate
System replacement decision at Fargus Benevolent Fund
An overview of analytics, business intelligence and the development of effective strategies for getting the most out of IT systems has been defined in this analysis. Also included is extensive coverage of the areas of change management and massive change to IT and organizational structures. There is also coverage of change management theories and practice as well as it relates to information technologies.
Research Paper Doctorate
The rise of Target Corporation from discount innovator to retail giant
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Critiques of Michael Porter's Five Forces model
Porter's Five Forces model has long been considered the standard in the world of marketing strategy and economics. Nickols (2003) points out that Porter is for the most part the "undisputed guru of the competitive…
Essay Doctorate
Pricing and distribution strategies in Nordstrom and Walmart
A comparison between two major department stores, Nordstrom and Wal*Mart can illustrate the concepts of pricing and distribution. The research shows that both Nordstrom and Wal*Mart use pricing and distribution…
Paper High School
Developing essential skills for a marketing career
This is a reflective paper about the skills that have been developed in preparation for entering the workforce full-time, and a challenge that occurred along the way.
Paper Doctorate
Managing cultural differences in multicultural project teams
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Smartphone applications and Greek yogurt in grocery retail marketing
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Sustainable marketing strategies for competitive advantage in global markets
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Research Paper Undergraduate
How technology has transformed modern entrepreneurial competency and success
Entrepreneurship within the modern era poses substantial difficulties and challenges. Most specifically the growth of the internet and the evolution of communication technology have made the barriers to market entry…