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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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Implementing a web content management system for Tarsam electronics
Consumer electronics is an industry known for very rapid product lifecycles, complex products, and the tendency to continually churn through retail sales personnel. This last dynamic occurs because the training on product is often lacking, incomplete or just wrong. What is needed is a comprehensive Web content management system that can be accessible by all of Tarsam's employees across the 7 stores on a 24/7 basis. This Web content management system must also have the ability to be accessed via the Internet from their homes so they can continue to learn about the latest products. It is highly recommended that a change management program be put into place to encourage and motivate all employees to continually learn about the latest products(Goodwin, Burford, Bedard, Carrigan, Hannigan, 2006). Posting the results of the training and testing sessions online, via the corporate Intranet is a practice many retailers rely on to give employees recognition for their accomplishments. This also creates a very high level of positive competition in a company, as employees want to out-learn each other and when that happens, the customers win (Goodwin, Burford, Bedard, Carrigan, Hannigan, 2006).
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Wal-Mart's growth strategy and international expansion opportunities
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Marketing an AIDS cure globally: pricing, segmentation, and direct-to-consumer strategy
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Upstate New York WASP culture and personal family values
Preppy, Wasp, Conservative -- Republican. These are the adjectives frequently given to the upstate New York State culture from which I hail, so memorably depicted in the fiction of Joyce Carol Oates, herself a proud…
Paper Undergraduate
Customer relationship management strategies at business unit and functional levels
¶ … 1Large organizations are commonly divided into three levels: corporate, business unit and functional levels, and marketing has a role in all three levels by looking for ways to add true customer value.
Paper Masters
Generation X consumer behavior and marketing expectations
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Paper Doctorate
Whole Foods Market's expansion strategy and organizational structure
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Essay Doctorate
High-involvement and low-involvement purchase decisions compared
This paper compares high-involvement and low-involvement purchases. High-involvement purchases may include selecting a restaurant for a fancy, special family occasion, versus a low-involvement purchase like selecting a generic pair of boxer briefs. Marketers must be aware if their products are high or low-involvement purchases when designing marketing campaigns and promotions.
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Microsoft's application of the Nadler Tushman Congruence Model to Skype
This paper is the third in a series about the Microsoft acquisition of Skype. Using the Nadler Tushman Congruence Model, Skype is subject to organizational diagnosis. The objective of this diagnosis is to determine why Skype is not profitable, and what Microsoft can do to change this situation. The inputs and throughputs are given special consideration.
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Aricept and the neurobiological mechanisms of Alzheimer's disease
Alzheimer's Disease is a progressive form of pre-senile dementia, which similar to senile dementia, except that it usually starts in the 40s or 50s, and with initial symptoms of impaired memory, then impaired thought…