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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
PharmaCARE's exploitation of Colberian workers and intellectual property
PharmaCARE's received support from the Colberia's in many forms, yet they compensated the Coberia's with nearly nothing and even worse caused ecological damage to their communities. The first way in which the Colberia's supported the PharmaCARE Corporation is through their sharing of intellectual property that had been passed down their ancestral linages for an untold number of years. The "healers" had accumulated generations of ancient tidbits that were undoubtedly accumulated through trial and error over a long course of time. Since the Colberian were primitive peoples, they undoubtedly had no inclination that they were being exploited through the Capitalist system in terms of their intellectual property rights.
Essay Doctorate
NikeID's role in strengthening customer loyalty and the Nike brand
The role of mass customization and product configuration in streamlining marketing is continually expanding, as is seen in the strategy by Nike to sell customized shoes on NikedID. This website shows how critical it is to unify a product strategy and unique customer experience at the same time. Metrics and analytics for measuring product configuration are also shown in this analysis.
Paper Doctorate
Long-term financial planning strategy at Nike
For any company to be successful it is essential that the company and its' management determine what they are going to do, and how they are going to do it; this is the very core of strategic planning (Lynch, 2011).
Paper Undergraduate
QR codes in emergency medical care: accuracy, ethics, and privacy concerns
Healthcare is readily embracing any technology to improve patient outcomes, streamline operations and lower costs. This technology includes the use of mobile applications like Smartphones. Smart scanning and the use of Quick Response (QR) codes are all the rage. Some may have noticed these intricately patterned squares appearing in more and more places but did not know their purpose. QR codes provide an opportunity to embed a variety of information, much like traditional bar codes used in grocery stores. But, unlike these codes, QR codes contain URLs (Uniform Resource Locators or web addresses) within them that instantly connect anyone who scans the code. All one needs is a smartphone, tablet scanner environment, special applications/software, and a reader to hyperlink to a site and obtain information.
Essay Doctorate
J.C. Penney's strategic challenges under Ron Johnson and celebrity marketing
This paper is about J C Penney, which is now emerging from a somewhat disastrous CEO, but in the midst of an unfinished process of revitalizing the brand. Some of the company's recent strategies are analyzed in this paper, including its courting of celebrity brands and its online strategy as well.
Paper Doctorate
Evaluating Exxon Mobil for acquisition by Embry Investment Group
The paper performs an analysis of Embry Investment Group (EIG) and identifies a company suitable for acquisition (Exxon Mobil). The paper explores Exxon Mobil's business operations including its product line, financial performance, and distribution strategy. The paper offers a description of the analysis methodology, as well as relevant company data.
Essay Doctorate
Marketing planning capability and post-plan innovation: exploring the paradox
¶ … Paradox of a Marketing Planning Capability, Slotegraaf and Dickson (2004) argue that there is mixed empirical evidence at best to support the idea of having strong planning capabilities in an organization.
Essay Doctorate
Skills and qualifications required for financial analyst positions
The position of Financial Analyst requires both specific training and many personal skills as well. For example, trust-building is one of the most important attributes of the job so there is a requirement for a very…
Research Paper Undergraduate
Apple's strategy for escaping perfect competition in consumer electronics
This paper is about Apple, from the managerial economics point of view. The concept of strategic hell is introduced, noting conditions that trend towards the unprofitable hell of perfect competition. Then, there is an analysis of how Apple has avoided this strategic hell through differentiation and innovation that pushes the AD curve outward.
Paper Doctorate
McDonald's business model, globalization, and human resources strategies
This paper is about McDonalds. It is a research paper that provides a general overview of who the company is, what they do, how many people work there, how many countries they are in, and some financial analysis and human resources and international operations and a few other interesting facts.