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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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Paper Undergraduate
B2B Buying Behavior: Trust, Branding, and Relationships
The nature of B2B marketing and selling is changing drastically and this paper explains through four different pee-reviewed articles how. Included in an assessment of how B2B marketers can become trusted advisors and how sales teams in the B2B markets need to concentrate not just on transactions but customer needs first
Research Paper Doctorate
Market Orientation in Hospital Cardiac Diagnostic Units
Dissertation for Master of Health Administration i. Introduction ii. Objectives iii. Description iv Administrative Internship v. Scope and Approach vi. Growth vii. Methodology viii.
Research Paper Undergraduate
Kimpton Hotels Hong Kong Market Entry Strategy Analysis
Kimpton Hotels, (2013). About Us. Retrieved on April 2nd, 2013, from Kotler, P., & Armstrong, G. (2008). Principles of Marketing, (11th Ed.). U.S: Prentice Hall Lamb, C., Hair, J., & McDaniel, C. (2012). Essentials of Marketing, (7th ed.). Ohio: South-Western Cengage Learning. Lancaster, G., & Withey, F. (2007). Marketing Fundamentals, (2nd ed.). U.K: Butterworth-Heinemann Mühlbacher, H., Dahringer, L., & Leihs, H. (2006). International Marketing: a Global Perspective, (3rd ed.). London: Thomson Learning
Paper High School
Pencil Manufacturing, Marketing, and Industry Threats
Pencil: From the manufacturer to the consumer
Paper Undergraduate
HIPAA: Health Insurance Portability and Accountability Act
Introduction Some hope was given for the current legal environment to become better defined for health-care providers when Health Insurance Portability & Accountability Act (HIPAA) was passed by the in 1996. As previously mentioned, HIPAA is a monumental act that attempts to address and incorporate all three issues-- privacy, confidentiality, and security within one law. When HIPAA was passed, many applauded the portability aspects of HIPAA that allowed for continuing healthcare coverage for individuals who lost their jobs and attendant healthcare insurance. But few back in 1996 anticipated the dramatic impact that HIPAA would have later on the privacy and security of patient's health information in the United States.
Research Paper Undergraduate
Brand Equity Measurement in the Hotel Industry
Abstract Increased competition in international markets requires service companies to create and maintain strong brand equity. Creating and maintaining a strong brand equity for services is challenging. Customers in the hotel industry are predominantly sensitive to brand image, awareness and perceived quality and other aspects that create a strong brand equity. Measurement of brand equity is particularly necessary to ensure business success in the industry. Brand equity measurement systems used by service companies are notably challenging.
Research Paper Doctorate
Fluor Corporation: Business Strategy and Competitive Analysis
Fluor and Their Competition in the Construction Industry
Paper Masters
American Airlines: History, Costs, and Competitive Strategy
The objective of this study is to choose a major U.S. commercial air carrier and to discuss the company in terms of its history and economic, structural and competitive characteristics both pre- and post-deregulation. Secondly, this work will identify the various route structure and product alternatives, the costs and benefits of each, and means for achieving product differentiation and will identify the various airline departments and the role of each in planning, development, and execution of flight operations. This study will describe airline cost structure, the nature of fixed, variable, and controlled costs, and methods employed by the selected carrier to obtain sustainable competitive cost advantages over other carriers. This study will discuss the methods of Revenue Management used by your selected air carrier and how it relates to other industries.
Paper Undergraduate
Mystic Monk Coffee: Market Strategy for Growth
¶ … coffees prices and demand have been steadily increasing. Evidence of this can be seen by looking no further than, the price of the Arabica coffee bean. Where, prices have increased from $119.00 in 2001 to as high as…
Paper Undergraduate
Corporate Governance, Marketing, and Consumer Behavior Models
The paper introduces the two definitions of corporate governance followed by the OECD corporate governance principles focusing on the external control of the corporations. It then focuses primarily on the marketing changes and how the consumer has become the focal point for all marketing strategies. It thus discusses consumer behavior models.