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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
General Motors root cause analysis and operational challenges
When the root cause analysis (RCA) was carried out of General Motors the main problems that were identified were lack of efficiency due to communication and listening problems, the ever rising competition especially…
Essay Doctorate
Principle Marketing
Based on the successful merger of Orange and T-Mobile, the company is one of the world's largest mobile operators and the second leading operator throughout Western Europe. The company has over 30M subscribers worldwide, with 10M on the more profitable and long-term post-paid plans and leads Europe with over 1.5M users subscribing to the GSM 3G speed class of performance (Orange Investor Relations, 2012). As of January, 2012 the company and its subsidiaries operate in 25 nations worldwide and has an aggregator market share of 40.4% and one of the highest consistent Average Revenue Per User (ARPU) levels of 31.6, netting an average minutes per user or subscriber of 190 minutes (Orange Investor Relations, 2012). Despite these impressive statistics however, Orange is suffering for a very high level of customer churn in its core markets, is challenged with how to ramp up into the smart phone market globally (which could revolutionize their business if they succeed at it), and continual lean process improvements over time (Andlauer, Pouillot, 2011) (Orange Investor Relations, 2012). The continual consolidation of the European and global telecommunications provider industry as evidenced by rapid price declines (Benzoni, Deffains, Nguyen, Saleese, 2011) and the nationalization of telecommunications services by governments is increasing the intensity of competition (Clifton, Comín, Díaz-Fuentes, 2011). Amidst all of these challenges the potential of 3G networks and their high ARPU levels offer considerable upside revenue potential for the company going forward (Orange Investor Relations, 2012). Smartphone integration will be integral to this effort however. The intent of this strategic marketing plan is to provide an audit of the company today, an assessment of their macroenvironment, market analysis, competitive overviews, market shares of competitors, profitability analysis and SWOT analysis of the company, The core strategy of the company will also be assessed. Marketing mix decisions and control points will also be provided as part of the analysis.
Paper Doctorate
Political climate and business environment challenges at Footwear International in Bangladesh
A multinational shoe manufacturing company has been accused of deliberately designing a shoe with an insole that is offensive to Muslims. Footwear International consists of a number of companies that are semi-autonomous with regard to operations, and are governed by boards of directors that include local business community members. The Footwear International company in Bangladesh experienced severe criticism from local activist student groups who interpreted the design of an insole to include the name of Allah. Further, the students charged the manufacturing company of being owned and financed by Jews, and somehow linked the entire episode to Salman Rushdie. The designer of the shoe—a devout Bengali Muslim who does not speak or read Arabic—declared that the pattern integrated into the insole design was inspired by Chinese temple bells that she purchased. Further, the insole design had been considered and approved for inclusion in the manufacturing by the designer's supervisor.
Paper Undergraduate
Strategic Direction of Radio Shack
Radio Shack has a number of proprietary brands, but has discontinued several as well. Due to competitive pressures, managerial changes and challenges, and a lack of confidence in the company, in the Spring of 2012 the company was given a "junk bond" status and in April the company's stock plummeted to its all-time low.
Paper Doctorate
A business proposal for bringing a food truck to campus
This essay outlines a section of a business plan devoted to demographics and marketing for a proposed business venture. The venture consists of mobile food service vans servicing the USC campus and surrounding community. It details the suggested approach for maximizing revenue among three specific market segments: fulltime university students, working non-students in the immediate vicinity of the USC campus, and international students with the desire for international cuisine.
Paper Masters
Developing and managing products
This paper is a marketing paper that compares the product development and product management approaches of two companies. Those two companies are the athletic apparel maker Nike and the MMORPG maker Blizzard Entertainment. Their approaches are compared and contrasted, with examples and then an assessment is made as to which is better.
Paper Doctorate
Organization design and organizational development approaches
There are several factors that can influence companies' success and well functioning. Their organizational structure is one of them. Companies' organizational structure relies on their processes and systems, but also on the organization of human resources. Specialists in the field have focused on developing theoretical models intended to address the problems that companies face in their attempt to strengthen their organizational structure in accordance with the requirements of the business environment.
Paper Masters
Business plan for a retail pharmacy
This is a business plan about a retail pharmacy. The plan covers off in its contents all of the following areas of interest: executive summary, organizational structure, marketing plan and financial plan. There is a pro forma income statement included and there is also included in this paper an org chart.
Thesis Undergraduate
Foreign Corrupt Practices Act
This paper reviews the peer-reviewed and scholarly literature concerning the passage of the Foreign Corrupt Practices Act and what it prohibits. An analysis concerning the impact that the Act has had on American business at the national and international level is followed by a discussion concerning penalties for violations of the Act. An assessment of the impact on U.S. commerce is followed by a discussion concerning enforcement responsibility for the Act as well as other interesting issues identified during the research process. Finally, a summary of the research and important findings are presented in the conclusion.
Thesis Undergraduate
Employee it Acceptable Use Policy
Cincom Systems' customers are the foundation of our success. This acceptable IT use policy statement is designed to provide our employees with the agility and flexibility to meet customer needs with accuracy and speed, while also protecting our IT systems, data, and records. This document defines the baseline of expectations for Cincom employees in interacting with all Cincom computing systems, platforms, Virtual Private Network (VPN) connections and partner sites as well. Every employee is expected at a minimum to ensure their activities on all Cincom IT systems don't jeopardize the confidentiality of customer data, financial data generated from Cincom operations, product and project development plans, and costing data of projects. As Cincom engages in confidential projects with governments globally in addition to the U.S. Department of Defense, any employee using data on these projects are required to have a valid DoD clearance in good standing. As Cincom's business is heavily dependent on these projects it is expected that employees will take every possible action to protect the sensitivity and privacy of all information and data sources within the Cincom IT systems. Employees with security clearances are expected to abide by all guidelines of the use of confidential government data on projects. This includes abiding by all vault processes and procedures for confidential government data, across all national ministries of defense served on Cincom projects. Employees are also expected to use Cincom IT systems during business hours for company work only; Internet use for personal activities needs to be completed off the premises given the highly secured nature of the Cincom IT system architecture and platform. Employees who fail to abide by these guidelines or willingly violate them will be subject to immediate dismissal and possible disciplinary actions. If government data from the U.S. or other nations are compromised, Cincom and the governments whose data has been compromised will engage in legal proceeding to retrieve and protect all assets, in addition to holding a formal investigation of the activities that led to the breach.