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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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Paper Undergraduate
Applying SWOT Analysis for Effective Planning
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Paper Undergraduate
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Paper Doctorate
Sheep breeders and increased lamb consumption in the United States
Over the years Lamb and wool production in United States have been closely linked to wool production. Lamb production has consistently shown inconsistency and varies from season to season.
Paper Undergraduate
Oil and Gas Industry
This essay discusses structure of the oil and gas companies. The integrated oil and gas companies (IOCs) are vertical, tall, or centralized structures where producers refined 100% of their production and then marketed refined products through their retail outlets. Production and distribution was downward. Today many of these IOCs combine verticality with a certain horizontalness with many spreading their tasks over various fields and involved in various simultaneous activities. They operate in many segments, whilst also buying and selling oil and gas to and from other firms. The companies are therefore centralized around a certain core management with specialists in each field clustered in tiers underneath.
Research Paper Undergraduate
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This is a project proposal for Astra Zeneca which is a company that operates in the pharmaceutical industry. the project outlines ways in which the company can streamline both research and development as well as operations. There is a rough work breakdown structure and an overview of the proposed milestones.
Essay Doctorate
VRIN model analysis for Jaguar Land Rover Automotive PLC
Abstract This paper presents strategic management analysis of the United Kingdom’s largest automobile corporation – Jaguar Land Rover Automotive PLC. The analysis includes VRIN model (value, rarity, inimitability, and non-substitutability), Value Chain, strategic capabilities, activity mapping, PESTLE Analysis, the contribution of leadership in the success of Jaguar Land Rover Automotive, and its innovation strategy.
Research Paper Doctorate
Gay Advertising and Television and Its Effect on America
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Alcohol and Business Ethics Introduction Moral Society
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