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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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During the last decade (or two) the American workforce has become much more politically correct than it was during the late 20th century. Citizens have also become more sensitive to advertising, marketing or societal…
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The Mission and Vision statement of Microsoft express its strategic directions and priorities to its prime stakeholders. These two statements have a significant importance for the company's success as all its strategic moves and efforts are aligned according to what these statements entail. They show Microsoft's true concern for the key stakeholders as well as for the community in which it operates. The prime stakeholders of Microsoft include customers, investors, regulatory authorities, employees, suppliers, distributors, and business development firms.
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For an enterprise-wide security management strategy to be successful, the monitoring systems and processes must seek to accomplish three key strategic tasks. These tasks include improving situational awareness, proactive risk management and robust crisis and security incident management (Gellis, 2004). With these three objectives as the basis of the security monitoring strategies and recommended courses of action, an organization will be able to withstand security threats and interruptions while attaining its objectives. Beginning with the internal systems including Accounts Payable, Accounts Receivable, Inventory, General Ledger, and Human Resources, monitoring needs to be designed to capture strategic threats at the operating system and application level to be effective (Nagaratnam, Nadalin, Hondo, McIntosh, Austel, 2005). Each of the applications in these areas of enterprise software is designed to be used in the context of user's roles and information needs. Restricting access to sensitive information by role as defined in these applications is critical to the monitoring of resources and their effectiveness in delivering value to the organization (Gordon, Loeb, Tseng, 2009). Creating a governance framework hat can provide for enough role-based flexibility while monitoring overall performance is critical for an organization to keep accomplishing its goals while also staying secure (Khoo, Harris, Hartman, 2010). Often the many internal systems of a business are integrated into a common enterprise-wide information platform. Many organizations use Enterprise Resource Planning (ERP) system to unify these many systems into a single system of record to make security management and monitoring more cost-effective (Gellis, 2004). For the many internal IT systems that require IT monitoring, integrating them into a common system of record is also critical as it allows for auditing of cross-system and intra-system transactions. Too often organizations fail in their security monitoring strategies by allowing silos of systems to dominate their overall IT architecture (Nagaratnam, Nadalin, Hondo, McIntosh, Austel, 2005). By applying security monitoring at both the strategic IT level including the system of record and at the role-based access level of each application, organizations can attain a 360-degree level of system monitoring compliance and threat assessment. Having an integrated system security structure also allows for more effective risk management strategies including the ability to isolate and act on security incidents more effectively than siloed systems allow for. Each of the mission-critical systems within a business, encompassing Accounts Payable, Accounts Receivable, Inventory, General Ledger, and Human Resources rely on integration with systems and processes external to the company as well. Integrating to systems outside the organization also present risks to the entire organization as well. These external integration links, whether automated through the use of advanced system technologies or defined through the use of logins and passwords, must be monitoring and audited as well (Gellis, 2004). The risks and need for security are amplified by the use of Internet-based marketing, sales and e-commerce systems (Kesh, Ramanujan, Nerur, 2002). Monitoring of these applications is more challenging as they are open to the public. The first area of monitoring is on security authentication and attempts to break into sales, marketing and e-commerce systems through the use of password generation or cross-scripting attacks (Thompson, 2004). E-Commerce systems are increasingly relying on mobile platforms and support for smartphones running the Apple iOS and Google Android operating systems, both of which can be successfully broken into by hackers (Ghosh, Swaminatha, 2001). The monitoring of Internet-based customer facing systems including e-commerce need to be tracked at the transaction, application, and customer profile privacy levels to be effective (Desai, Richards, Desai, 2003). All of these factors need to be taken into account within a broader network monitoring strategy of inbound Internet traffic in an attempt to find patterns of intrusions that are most likely to occur (Hong, Park, Young-Min, Park, 2001)
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