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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
Marketing Monitoring and Evaluation for a Sleep Therapy Clinic
There are a number of good performance measures that can be used to test the effectiveness of a marketing plan. Indirect measures include revenues (have they increased?) or profits (did high-margin customers increase?).
Research Paper Doctorate
Coca-Cola Marketing Strategy: Segmentation and Analysis
Coca-Cola leads the world's beverage industry with as many as 400 products and has its presence globally in more than 200 countries. In addition to this, Coca-Cola collaborates with some 320 licenses to produce more…
Essay Doctorate
Market Structure and Operations in Low-Calorie Food Industry
The paper examines the influence of pricing, product differentiation, and marketing on the overall profitability of a fast food company. The tenor of the paper is micro-economic, although not all of the 5 Ps are addressed in the discussion. Consideration of market structure is a core aspect of the paper.
Essay Doctorate
Tesco's Market Development Strategy: A Strategic Analysis
Tesco is one of the world's most eminent chains of stores in the international food retail services that started as small scale domestic retailer and with its sustainable growth strategy, emerged as an international corporate giant. Tesco's operations adhered on the lines of sustainable strategic management that marketed itself with a strong sense of community service and socially responsible business practices. Tesco, instead of aggressive investments, penetrated international markets by partnering with local regional partners. It strategically chose Asian and primarily South Asian markets as its first choice for expansion as these markets were relative not as mature as western markets. With convenience and quality of western food retail store and a market knowledge of strong local partners, Tesco immediately emerged as strong players in South Asian markets.
Paper Undergraduate
Customer Marketing Channels for Small Bakery Cookie Sales
As the decision to sell the cookies and the search for the bakery have been completed, one has to think about the customer marketing channels to be used in approaching the clientele.
Essay Undergraduate
Social Media Marketing Plan: Facebook vs LinkedIn Strategy
Sof-A-Logue is a principal social media corporation focused on bestowing its time to the way consumers converse in the virtual and wireless environment. Consumers communicate by using text, email, picture, and voice email. Sof-A-Logue aims at making this to be a better experience. The paper includes various strategies used by the companies to reach their market. It includes a situation, SWOT, and 4ps linkages analysis.
Research Paper Doctorate
Colin Powell for President: Leadership Strengths and Weaknesses
Since the new century began, there have been a couple of trends that are impacting the personal and occupational goal setting for MBA students as myself. The first development was caused by scandals such as that…
Paper Doctorate
Cameron Balloons: Operations, Departments & Process Flow
Cameron Balloons' business process is a complex one. Their goal is to manufacture hot air balloons in the most timely and cost efficient way possible. Their inputs include design, fabric, burners, and baskets.
Paper Doctorate
Strategic Alliance Analysis: Crawford-Beckman and Wilson Case
¶ … alliance partnership for the Xtrican team?
Research Paper Doctorate
Corbin Pacific Inc Business Plan: Motorcycle Accessories
Corbin Pacific, Inc. is a California-based company, whose mission is to produce best motorcycle accessories in the world through innovative designing and high quality manufacturing with a customer oriented approach.