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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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Applying Herzberg's motivation-hygiene theory to consumer behavior and shopper marketing
The foundational elements of consumer behavior and shopper marketing are based on the foundations of motivational theories including their supporting concepts and frameworks. The intent of this analysis is to provide…
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Probability concepts and decision analysis in business
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Nestle's global business strategies and competitive positioning
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Leadership development across organizational hierarchies and management levels
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McGraw Hill's strategic shift from education to financial services
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Cathay Pacific Airlines' vision and mission for Asian-European expansion
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E-commerce marketing plan for Tennis World
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Dennis Kozlowski and the Tyco International fraud scandal
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Burger King's core competency and global expansion strategy
Burger King has long been the second-most patronized burger chain in the US. It is seeking to use a global expansion strategy to improve sales and its brand image. Burger King has been slow to expand abroad in the past, but now it is speeding up its expansion of international operations, using its Florida headquarters as a base to expand into Latin America and the Caribbean islands.
Paper Doctorate
Jury deliberation and conflict resolution in Twelve Angry Men
As a portrayal of a microcosm of society—enhanced by its drill-down into the 1950s era in which the plot unfolds—few films are as excruciatingly accurate as 12 Angry Men. The story lends itself to analysis of team dynamics and conflict resolution techniques, with the promise of extending beyond explicit attributes, such as an all-male cast, and less explicit themes, such as ambiguous hints about ethnicity and race. The film 12 Angry Men is a story about the deliberations of a jury in a capital murder case that takes place in New York City in 1957. An 18-year old non-Caucasian male, who is apparently from marginalized socio-economic strata, has been accused of stabbing his father to death. A jury of 12 men will deliberate his guilt or innocence against a backdrop of an automatic death sentence for a guilty verdict. The stage play origin of the story is evident in the staging with all of the film action occurring in the jury room, representing a single afternoon and evening during which the deliberations of the jury take place. At the onset, the case is considered to be an open-and-shut matter, but all the jurors must believe in the guilt of the defendant beyond a reasonable doubt—the verdict must be unanimous. But as the prejudices, preconceptions, and disagreements of the jurors unfold, raw notions about legal trials, minorities, and the stark range of perspectives and opinions steer the jurors off a sure course.