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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
Walmart's cost leadership strategy and low-income consumer challenges
This paper contains three separate, self-enclosed case study. The first discusses Wal-Mart's strategy of cost leadership in the retail industry by offering rock-bottom prices. The second discusses a car repair show whose manager is being accused of sexist behavior and needs sensitivity training. The third is a profile of a young employee who is ambitious but lacks company 'spirit.'
Essay Doctorate
Competitive strategies in retail: Walmart, Target, Kroger, and Sears
The author describes a certain sector that is highly competitive. The selected sector is retail. The market leader selected is Wal-Mart with the ancillary competitors being Target, Sears/K-Mart, and Kroger. Kroger operates as Dillon's, City Market and King Soopers (among other names). The marketing plan and match to reality is assessed for each company.
Paper Masters
Measurement principles for public relations from the Barcelona Declaration
The more defined measurement of Public Relation value linked with the business results will help generate better campaigns and plan ahead more accurately. For this aim 200 delegates from 33 countries have gathered in…
Paper Masters
Source credibility in advertising and consumer purchasing behavior
¶ … credibility to the receiver's ability to decode the advertising message in the intended way. A number of studies have examined the role of source credibility in advertising. According to Koekemoer and Bird (2004),…
Paper Doctorate
Marketing strategy for professional services firms
Bloom, P. & Daple, M. The proactive professional. Marketing Management, 2(1): 27-35.
Research Paper Doctorate
Blockbuster Entertainment's marketing concepts and strategies
Blockbuster Entertainment is currently the biggest name associated with video rental, both in the United States and abroad. The company has reached this position through focused goals, effective marketing strategies,…
Research Paper Doctorate
Consumerism and advertising's influence on American children through entertainment media
American culture and the consumption (patterns) of American youth in television, film, and other entertainment venues
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Strategic alternatives for Frisbie Tool and Die's future direction
Summery: In this article we take a look at a company Frisbie Tool & Die whose owner has a few alternatives available to him about his future directions. Several analysis techniques are used to determine the company's…
Research Paper Doctorate
The Second Industrial Revolution: causes, characteristics, and timeline
¶ … economic and social changes after 1870 are so striking and so qualitatively different from the developments of the First Industrial Revolution that they deserve to be labeled, "The Second Industrial Revolution."
Paper Masters
Personal selling in the hotel and tourism industry
This is a paper that addresses what the ideal characteristics of a sales person might be. Personal selling is an essential part of destination and hotel sales, driving base demand, creating awareness, and more competitive than ever before in the industry. Having a competent sales force representing the organization on the front lines is more important than ever before.