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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 Doctorate
Consumer Behavior on New Technologies
¶ … diffusion and adoption of new personal electronic devices. Specifically, the marketing efforts, market penetration for DVDs and Palm Pilots in addition, the use of DVDs and Personal Data Assistants will be reviewed,…
Paper Undergraduate
HR Gms Cgms: A Case
In the face of economic downturn, many corporations have been forced to make difficult decisions concerning layoffs and downsizing. However, according to the case study here, CGMS is unwilling to take this step. Therefore, as an alternative, the discussion here offers recommendations on making improvements to company structure, to existing IT systems, to leadership organization and to internal training that are designed to preserve the company's considerable virtues until the economy returns to form.
Paper Undergraduate
Grounded Theory Is an Approach
Grounded theory is an approach to data analysis and theory construction that develops theory in an inductive manner (Borgatti 2012). Inductive logic requires that the researcher begins with the instance of the…
Paper High School
Individualized concentration proposal development and implementation
My proposal is for an individualized concentration in finance. This concentration would consist of the following courses: International Finance, Investment, Valuation and Marketing Analysis & Strategies.
Paper Doctorate
Tivo According to Keast, \"There
The mystery between the inertia of prospects and the evangelical zeal of TiVo users can be explained by the differences in how the product and services are perceived by each group. The early adopter young men who often want to be the first to own any new, technologically advanced product are the outliers and will quickly move on to the next device. For TiVo to hold onto these early adopters, the gaming and sports aspects of the system need to be communicated very clearly and passionately. Setting aside these young men who are early adopters of new, proven technologies, the differences between the inertia of prospects and the evangelical zeal of mainstream users can be defined by each group‘s perception of value. Prospects are seeing the TiVo as innovative, yet utilitarian in its value; they are not associated emotions and urgency with the product and its solution as a result. Conversely, the passionate users who have an evangelical zeal for the product are equating it with the ability to collaborate, communicate and connect more effectively than ever with their families. These passionate zealots of the product have found a way to make time slow down and use it to their advantage. To them, TiVo is a mechanism for making the world stand still long enough so they can enjoy their families and have a chance to relax. It allows them to control the pace of their lives more effectively. This is why the comment of one respondent regarding the use of TiVo on a radio is so relevant. The idea of hearing a great program on the radio or song and then "TiVoing" it is similar to saying the digital content will be saved for another time. Prospects however don't see this; the value of the system and services are more utilitarian in their minds, focused on the aspects of just recording shows and playing them later. The prospects fail to see the emotional connection of the product to their lives, hence the lack of purchase. In terms of conflicting hypotheses, the greatest is the push and pull between utilitarian versus passionate perception of the product. The marketing is sadly pushing more of a utilitarian view throughout the case; it fails to capture the passion and enthusiasm of the most positive users of the system. Another conflicting hypothesis is the need that many have to time-splice their days and get as much done in as little time as possible. The conflicting hypotheses of this area include the lack of time families with children perennially have relative to the abundance of time that young, single relatively affluent men have to explore the full range of features the TiVo has. The time continuum is another major area of hypothesis testing as well. Finally there is the issue of the actual experience of using the device as well. The evangelists will be more than willing to put up with any kind of marginal performance form its navigation, with the early adopters often finding the navigation of initial screens like a game to be solved and won. For the mainstream user however, these screens can be exceptionally challenging and difficult to overcome. And the mainstream customer is where TiVo could have taken off.
Paper Undergraduate
Marketing plan for In-N-Out Burger
In-N-Out Burger (In-N-Out) is quick service food restaurant chain operator based in the United States. The company was established in the year 1948 by Harry and Esther Snyder. The restaurant fills a void in the restaurant industry between low end fast food and a complete sit down meal by making food from scratch and providing excellent customer comfort and care. However, it does not have tremendous market saturation, so that while it is ranked among the top 50 quick service restaurants, it is number 45 on that list (Oches, 2011). The company also owns and operates a patty making facility in California. In addition, the company provides catering services to various events like parties, corporate picnics and other custom events in its own mobile units including vans. In-N-Out Burger started as a mom-and-pop operation and slowly grew with, at its core, a very strong and committed client base. Furthermore, it has done so by separating itself from its competition. In-N-Out Burger is not a traditional fast-food chain, though it is certainly a quick-service restaurant, and it also defies the pattern of even the most casual sit-down establishment.
Paper Undergraduate
Frog Leap John Williams Re:
This report discusses the Frog's Leap Winery case. Covered are strategic management elements such as a SWOT analysis, Porter's Five Forces, the company's core competencies, and domestic / global risk analysis. There are recommendations given at the end of the case as to what the company should do. The report is in memo format.
Thesis Masters
Independent and Dependent Variables Used in a Study
In this paper, we are examining how the use of scientific principles can have an impact on business. To fully understand what is happening, we are focusing on the way these ideas shape how firms are operating. Once this takes place, is when we are offering specific insights about how this can help a corporation to adapt to the challenges they are facing from different competitive forces.
Paper Doctorate
Walnut Case Study Walnut Venture
There are a number of recommendations to be evaluated here. Overall, examining the research, it is clear that Walnut should be investing in RBS through several rounds of financing. Doing so will prove to have huge future profit margins if conditions proceed as they are expected to. Essentially these show that set up the strategy of RBS to achieve a sustained growth rate over the nest several years as to keep adding more customers into their arsenal and bank off of a growing reputation within the software industry to avoid heavy investments in marketing to new clients who had never heard of the organization. Additional adjustments to future software packages will also help diversify customer channels, thus creating a stronger foundation for RBS to grow, especially into a more lucrative enterprise market.
Paper Undergraduate
Mobile marketing in hotels
Introduction In the research information presented in this chapter, the author will map out issues with regard to mobile networks and their use in marketing in hotels. A literature review, research objectives, the research problem and research questions are listed as well as the research methodology and the directions for more research in application development are mapped out in detail. Chapter Two-Literature Review The Importance of Mobile Media in the Hospitality Industry Multiple mobile networks and mobile channels are becoming a way of life, wherever people go, including while they are on the move and staying in hotels. This is clearly a responsibility that is under the administrative purview of e-managers in hotels. In such a case, unclear strategies for channel usage, lack of expertise and technical challenges can hinder the effective deployment of this technology. In this vein, in a recent survey in the online magazine Gleanster found that 94% of their interviewed top performers view an "increase return on marketing investment" as the top reason to deploy mobile marketing ("How top performers," 2011). So, what is driving this reliance upon the technology? As usual, it is the consumer in an industry and the hotel industry is no different in this respect. Hoteliers are therefore required to respond to it since the mobile has become an important travel planning and booking channel for 67% percent of travelers and 77% of frequent business travelers who use their devices locally. This is important because hotel consumers demand instant, real time access where ever they are in order to further refine the trip. Further, the trend is to more connectivity with more hoteliers fitting mobile sites into their budget planning (37.5% in 2011 vs 25.9% in 2010) and mobile booking engines (37.5% in 2011 vs. 22.4% in 2010) (Starkov, 2011) . Certainly, hospitality marketers have a major issue in connectivity of their channels with these phone applications, regardless of technology upgrades in terms of the hotel applications and the phone software. New technology is of course the key. This is particularly the case with smartphones which will cover 50% of the U.S adult population by 2012 (ibid.). Applications on cell phones are becoming very important in this mix. Of the smartphones that Americans have, the largest market is Android OS with 36%, followed by Apple iOS 26% and RIM Blackberry OS 23% (Getting started —, 2011, 3). All of the technology is wonderful, however, the key questions that marketers in the hospitality industry need to know how to apply mobile marketing, what the benefits of mobile marketing are for hotels and what the issues are that need to be considered in the application of mobile marketing in hotels. As mentioned above, connectivity with the customer's phone application is critical. So as not to be caught up too much in specific technological niches in this short essay. However, it is critical to also retain some kind of access point, especially for hoteliers with small budgets who are being priced out of the mobile marketing market. Indeed, as we see in the Starkov piece, 38.4% of hoteliers in 2011 vs. 32.8% in 2010 planned no mobile marketing at all. Starkov even went so far as to suggest that hotels do not require a mobile application if they are single-property, independent hotel (Starkov, 2011, 2). However, while the new gadgets causing a hospitality revolution, the bits of interacting everything together competently is central to the equation, regardless of hotel size. This is where social media comes to play and customer tweets fly around the world in order to gauge the direction of our research study. According to travel blogger Clay Shirky who maintains that media is now digital and is moving to the Internet, instantly becoming a universally available, interactive environment where everyone is a participant, creating their own channels, media, messages and processes that deliver the travel information ("The future of," 2012). Social media has been extensively studied of late at the early stages and a recent study published in January 2011 examined Facebook and Twitter in a study of Italian tourism websites. The relationship of the social media was analyzed with regard to total visits and the performance of those online social networks as referrals were also studied. The study showed a clear correlation between social media and travel websites visits (Milano, Baggio & Piattelli, 2011). Much of the above applications will be increasingly powered by extensive web analytics such as Google Analytics to make sure that the hotel is being found and how to track. This would also help in tracking which hotel websites are being visited and when (Measuring the success, 2011, 1). Briefly also, we should consider the phenomenon of Google Maps and Google Earth which are empowering tourists to interactively exchange information about each regarding travel. Of course, the beauty of these applications are that they are completely compatible with the Google Android Smartphone ("Android market: ," 2011). Chapter Three-Research Methodology Problem Statement The main objective or purpose of the research is to find applications, benefits and issues to be considered during the implementation process of the mobile marketing in hotels. Central to this effort is how to make mobile marketing work in hotels, particularly small ones, which were the focus of this studies research methodology. As emphasized above, many small hotels have neglected mobile marketing altogether. For this reason, there is a pressing need for research into the ways that small hotels can effectively use mobile marketing in their promotion efforts and how to increase customer connectivity and the ability to find the hotel on the web and to interact with the sales and marketing staff dynamically in order to capture customer brand name loyalty and to leverage more market share. In the past development, mobile phone applications were based simply upon search on a map on the mobile terminal device display. Application technology development methodology allowed simple adaptation and implementation with via cooperation with the operators of mobile phone systems. Customers are demanding additional functionality users regarding tourist resources, information to the users about other local objects and activities, including the ability to completely personalize the applications by users (Perakovic, Jovovic & Forenbacher, 2010, 66). It is safe to say that hotels use mobile marketing as a communication tool in order to inform customers about new events and specials and to increase traffic to their Internet website through booking functions inside the application. An interesting area where there is room for further research is tied in with social media websites such as Twitter and Facebook that seem at least at first glance are more effective. Social media seems to be a leveler of the marketing playing field for small hospitals. This is potentially has exciting potential in combination with Google Maps and Google earth because it is directly compatible with the Android smartphone. They could provide the extra, dynamic and customizable features that customers would want and would attract them to stay at small hotels. As mentioned above, there is a direct social media cbetween social media use by hotel guests and the travel websites they visited (Milano, Baggio & Piattelli, 2011). Research Questions How do hotels apply mobile marketing? What are the benefits of mobile marketing for hotels? What are the issues to be considered the in application of mobile marketing in hotels? Foundational Issues In the explanation of these research objectives, it needs to be stated that the objective is to explore the ways hotels apply and benefit from mobile marketing from the various applications and also to find out the issues that need to be considered during implementation the implementation of mobile marketing. The author has chosen case study methods as the research methodology to do this job. For this purpose, data collection was performed in 6 small hotels (5 of them being 4 star, with one of them being a 5 star hotel). Analysis of the data was done by within-case and cross-case analysis with regard to the mobile marketing applications. Within-case analysis allows researcher to analyze the interview data from hotels against the previous research or literature, boiling down a large amount of data into readily digestible and easily understood segments. Afterwards cross-case analysis is implemented to compare all cases to each other in order to find common patterns or themes, which also makes it easier to conclude the research. In general, case study methodology requires multiple sources of data. In the case of this study, the observation of mobile application, Internet website and mobile website of interviewed hotels was central to the research. Some hotels also provided the author with some artifacts that are also considered as sources of data (such as a flier and chocolate bar which had QR code on them). Conclusion In this chapter, the author has mapped out issues with regard to mobile networks and their use in marketing in hotels. A literature review, research objectives, the research problem and research questions were listed as well as the research methodology and the direction for more research was mapped out in detail.