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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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Starwood hotel expansion into Kazan: socio-cultural and human resource challenges
¶ … Starwood hotel chain expand their business into Kazan market?
Paper Undergraduate
PC Moments consultancy company's business strategy and marketing approach
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Paper Doctorate
Strategic analysis of Blue Wire Communication Solutions' VoIP business
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Paper Undergraduate
Market segmentation strategies in Toyota's automotive business
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Research Paper Doctorate
How synergism creates success in Rocky Mountain Outfitters retail business
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CITEC's transition from government-regulated to commercial organization
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Research Paper Doctorate
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Advertising has been a powerful marketing tool for very long. However, it can only be effective if the message is allowed to be conveyed without many legal restrictions. In societies where marketing has to be subtle…
Paper Doctorate
Strategic choices and competitive advantage at Harley Davidson
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Paper Masters
Corporate social responsibility: stakeholder treatment and environmental impact
Corporate Social Responsibility (CSR) has recently reached an unprecedented level of salience with the emergence of global protests that seem to be driven in a large part by concerns over social issues such as equality as wells as environmental issues such as the regulation of greenhouse gas emissions. Although the protestors are occupying various parts of the world for a plethora of mixed motivations, it is reasonable to speculate that much of these individual motivations are embodied in the concept of CSR. CSR may actually prove to be the last hope for the future of capitalism.
Thesis Undergraduate
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Snort was created by Martin Roesch in 1998. Sourcefire, Inc. is the company that provides Snort. Roesch is the founder and Chief Technical Officer of Sourcefire, Inc. Snort is free of charge. In 2009, InfoWorld entered Snort into its Open Source Hall of Fame as one of the greatest pieces of open source software of all time. Granted, the Internet has not existed as long as ancient ruins, yet still the accolade comes with a certain sense of gravity. The paper describes the primary traits and uses for Snort. The paper attempts to expose Snort's strengths and weaknesses as well as imagine the implementation in a relevant, yet hypothetical professional situation.