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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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Essay Doctorate
Business impact assessment for organizational disaster recovery planning
Business Impact Analysis (BIA) is a critical component of organizational functionality. Organizations must not ask themselves if something will go wrong: they must assume that disasters of various kinds will arise and know how to cope with the fallout. This paper outlines various types of contingency and continuity planning.
Paper Doctorate
Mission, vision, and stakeholder impact on Google Inc.'s success
This paper presents an analysis of the internal and external environment of Google Inc. using different tools and techniques. The major sections of the paper are: the impact of mission, vision, and primary stakeholders on the success of Google; the strengths, weaknesses, opportunities, and threats (using SWOT analysis); competitive environment (in the light of Michael Porter's Five Forces Model of Competition); strategies to capitalize on strengths and maximize profitability and competitiveness; communications plan for primary stakeholders, corporate governance mechanisms, effectiveness of leadership, and the corporate social responsibility efforts of Google Inc.
Essay Doctorate
Business plan for the Kuwait Culinary School
This is a project about a culinary school being creaKuwait Culinary School overall goal is to be a leader in tourism business and hospitality education. The key to our success will be the price-value association that our program and our university will be able to bring to the stakeholders. To attract and be qualified for subsidy of this sort, it is essential for the faculty of The School of Hospitality Business Leadership to uphold its research, teaching, and service efforts, and be ever groundbreaking in these efforts.
Essay Masters
Value chain analysis and balanced scorecard strategic management
Manufacturing companies create value by acquiring raw materials and using them to produce something useful. Retailers' range of products has to be convenient to customers. Activities that an organization engages in…
Paper Masters
Why Rutgers suits my goals in business and leadership
I am very proud to have lived all of my life in New Jersey: I love my state's energy, diversity, and forward-thinking attitude. My desire to seek a Rutgers education is a natural extension of my status as a New Jersey…
Essay Doctorate
General manager position description and job responsibilities
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Paper Undergraduate
Law enforcement coordination for the FTAA summit in Miami
In November 17, 2003, the City of Miami Police Department lead in a multi-agency law enforcement effort intended to offer security for the Free Trade Area of the Americas Summit (FTAA) and offer sufficient opportunity for the protestors to convey their views concerning the objectives of the FTAA. This is one of the tremendous unified law enforcement operations in Florida, and possibly in United States. This paper seeks to analyze the FTAA case study as well as the City of Miami PD After Action Report, the City of Miami Civilian Investigative Panel Report on the Free Trade Area of the Americas Summit Report and the FTAA Independent Review Panel Report (Miami Police Department, 2004).
Essay Doctorate
Marketing strategies for Janet Bradley's low-calorie fast food restaurant chain
This paper presents marketing report for a new fast food restaurant chain which will specialize in low-calorie fast food products. The report first analyses the micro and macro environments in the light of buyer behavior, role of suppliers and intermediaries, competitors, and external environmental forces, and then recommends marketing strategies which can help the new business in offering its products in the most competitive and profitable way.
Paper Doctorate
Advantages and disadvantages of cross-listing on international stock exchanges
Companies can be privately owned or publicly listed. The choice for either options may be determined by various factors including the benefits accrued to the investors. This study focuses on the advantages and disadvantages of a company choosing to become publicly listed. Issues that corporations encounter in raising capital on the global spectrum are also identified.
Paper Undergraduate
Coca-Cola Company and PepsiCo: financial statement and stock trend analysis
Abstract The analysis of the financial statements of a business entity helps investors and analysts alike to determine not only the financial performance but also the relative stability of firms. This text conducts an in-depth ratio analysis of both the Coca-Cola Company and PepsiCo in an attempt to determine which of the two companies' stock is worth purchasing. In addition to conducting a ratio analysis, this text will also briefly discuss the two companies' ratio trends and past events.