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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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Research Paper Undergraduate
Managing Profitable Customer Relationships in Marketing
Managing Profitable Customer Relationships
Paper Undergraduate
IMC and Customer Satisfaction Strategy for Zapper
The Zapper's unique value proposition of mitigating and eliminating noise opens up many potential market segments and service areas. What the advertising strategy must do is not only communicate the features and benefits of the product, it must also show how effective it is in making people's lives more enjoyable. Noise is one of the most irritating types of pollution there is, often stopping people from being able to think clearly and get their work done or make effective decisions. The greatest value of the Zapper is in neutralizing these forms of noise pollution to allow people to have a more enjoyable, pleasurable experience at work or at home. The cornerstone of all effective marketing I based on creating expectations and exceeding them (Genestre, Herbig, 1996). The Zapper must create and exceed the expectation of neutralizing harmful and irritating noise and deliver a consistently excellent customer experience (Gurau, 2008). Only by concentrating on precise, high quality production processes will the Zapper consistently meet and exceed these expectations on a consistent basis. Quality and trust of consistent performance will be the anchor points of the marketing strategy, ensuring that customers' faith and expectations of the product will be met and exceeded. Aligning Zapper's Advertising Strategy And Alignment To Marketing Objectives The core of the Zapper marketing strategy must be solidly set on the experiences of the customer if it is to succeed. In defining those experiences, personas, or representations of representative customers in each of the markets, will be used. These personas will explain in detail why and how noise reduction is so critically important to these people and their professions or avocations. For the hospital staff the need to mitigate noise so that greater attention and concentration can be applied to patient care is essential for professional excellence to be achieved. Personas of nurses, physicians and hospital staff will be used to more fully understand their needs. The same level of analysis and research needs to be done on each target market, as the personas' needs and requirements will drive the marketing objectives. As has been stated earlier, additional markets include libraries, in addition to homes with children and teenagers who can use the Zapper to silence a home and make it possible to enjoy music, entertainment and games more. The Zapper can be highly effective in making study times more effective and focused as well. These are all examples of creating a highly unique, differentiated customer experience.
Paper Undergraduate
Market Opportunity Analysis: Good Samaritan Hospital LA
The paper provides a discussion and analysis of healthcare marketing in the case of Good Samaritan Hospital in Los Angeles, CA. The analysis conducted used the Market Opportunity matrix as a tool to evaluate potential services and markets that Good Sam could expand to or diversify to increase its market coverage and share in the healthcare sector. The analysis showed that Good Sam has the potential to diversity to the field of health and wellness as the hospital is already known as a reputable hospital with competitive doctors, hence, creating a division for general health and well-being would be an add-on service that will benefit the general public.
Research Paper Doctorate
Dell vs. Gateway: PC Marketing Strategies Compared
The personal; computer industry has been transformed over the past few years by several pioneers in the computer industry. Among those who are at the forefront of such changes are Dell and Gateway.
Research Paper Doctorate
Market Entry Strategies for Germany: High Value, Low Volume
Market Entry Strategies Into 2004 Germany: High Value, Low Volume Is the Key to Overcoming German Pessimism and Conservative Consumerism
Paper Doctorate
House Handy Sales Force Training: A Business Case Study
What type of training does House Handy provide new members of its sales force?
Paper Undergraduate
Archie Norman's Change Management at Asda
Norman's success as a change agent will depend largely on his ability to execute the requisite culture change at Asda. He made an excellent choice when he recruited Allen Leighton as VP of Marketing, who appears to be the sort of individual that associates will look to for confirmation that they are moving in the right direction. Norman's credibility will rest in the financial success of the company that is a result of the cost-cutting and structural changes he implemented early, and the backdrop of the softer attributes of the renewal effort. The shifts that are necessary for robust culture change include coordination of the change efforts in each of the stores, taking down the communication and functional silos, and establishing a rigorous training and development plan for internal managers. Some of this effort will be directed toward back-filling where spots of resistance to change have sprung up and where associates identify areas with which they would like more involvement—this is the work of the mutual engagement of the core, and it will not be unfamiliar to a former McKinsey & Company consultant.
Essay Doctorate
Information Systems and Their Impact on Business Processes
In this paper, I have discussed the information systems and its effects on business processes. Moreover, I have explained the several business components and their effectiveness as information systems. In addition, I have provided information regarding the effects of information systems on various business careers. In this paper, I have discussed the information systems and its effects on business processes. Moreover, I have explained the several business components and their effectiveness as information systems. In addition, I have provided information regarding the effects of information systems on various business careers.
Essay Doctorate
Compaq–DEC Merger: IT Culture and Integration Strategy
Both Compaq and DEC need to find a unified strategy direction to pursue, not keep fighting to see which programs or software platforms by business unit will survive or not. The case study is a classic example of what happens when IT infrastructure becomes more important than the strategic growth of a merged organization. The case also illustrates how powerful IT infrastructure and information flows are in creating an effective culture or not as well. If the management team had focused =more on IT initiatives that would unify and capture the best of both companies, there is a good chance they would still be independent today. Second, the lack of strategic vision and insight into just how profitable the B2O and mass customization strategies could have been is remarkable. Compaq and Dell could have integrated their supply chain, sourcing, manufacturing, product planning, product management and services strategies under a consolidated ERP system and attained higher growth that the fractionalized, disconnected organization they grew into did. The fact it took nearly 20 days to complete even a basic quote for enterprise systems within Compaq during this time period shows just how disconnected, disparate the IT architectures had become (Columbus, 2003). Compaq and DEC needed to use IT architectures to create a unified corporate culture supporting by strongly integrating product, marketing, service and long-term customer relationship strategies.
Research Paper Doctorate
Green Marketing: Strategies, Examples, and the 7-Step Plan
Over the last decade or so the word "green" has taken on meanings far beyond the color of green. Indeed, in response to the urgent issues of climate change, pollution, and responsible consumer use of natural resources,…