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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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Kudler Fine Foods: Marketing Strategy and Brand Equity
This is an assignment that uses Kudler Foods as the basis for a pricing and positioning analysis. Price is generally one of the first items considered in regards to marketing; however this only part of the equation. Many companies fail to consider their brand equity into the equation. Oscar Wilde defined a cynic as someone who knows "the price of everything and the value of nothing". It is common today that with rising commodity and raw material costs, that companies sacrifice quality through cost saving measures. To save money and keep prices low, companies will trim products and make cost cutting measures at every opportunity the face.
Research Paper Undergraduate
Demand Forecasting for a Colorado Microbrewery Using Decision Trees
This paper is about an operations management concept and problem. The problem is fictional, but is based on a scenario where demand forecasting is needed. The concept of demand forecasting is discussed, as is the decision tree technique that is the basis of the forecast used in the case. How forecasting solves the capacity expansion decision problem is covered.
Essay Doctorate
Planning Your Career Like a Product: A Strategic Guide
What exactly is your product and how is it different from (or better than) other similar products?
Paper Doctorate
Marketing Plan for iPad Keyboard and Case Combo by ZAGG
This paper presents a complete marketing plan for the new iPad keyboard and case combo which is to be introduced in the U.S and Canada. The marketing plan includes situational analysis (using SWOT and Five forces of competition), the product market focus, marketing strategy and objectives, financial projections, implementation plan, and marketing evaluation monitors and control.
Research Paper Doctorate
Coaching for Commitment: A Book Review for Managers
Coaching for Commitment: Managerial Strategies for Obtaining Superior Performance, Dennis C. Kinlaw, Pfeiffer & Co.
Research Paper Doctorate
Strategic and Tactical Planning in Business Management
Strategic and Tactical Planning- Definition
Paper Doctorate
Classical vs. Active Theories of Perception Explained
The only world that truly exists for any of us is the one inside our brains. Each of us experiences the world in our own special way. Our world is made up of our experiences and perceptions.
Paper Doctorate
Customer Loyalty: Service Quality, Brand, and Satisfaction
Lai, F et al. (2009) How quality, value, image, and satisfaction create loyalty at a Chinese telecom Impact of Culture on Marketing Strategy, 62, 980 -- 986
Paper Undergraduate
Contracting and Procurement in Supply Chain Management
This paper comprehensively describes the contracting and procurement function in the supply chain management of an organization. The paper starts with an introduction to the supply chain management and proceeds by discussing the importance of contracting and procurement function for an organization. The paper also describes the whole contracting and procurement process and highlights some risks and ethical issues associated with this function. ?
Paper Doctorate
Mochalicious Coffee Marketing Plan and Strategy
This paper presents an analysis of the marketing strategies of Mochalicious Coffee. The analysis includes a brief introduction to the company; its mission statement, branding, pricing, and distribution strategies, integrated marketing communications and customer satisfaction plan, analysis of the strengths and weaknesses, competitor analysis and differentiation strategy, and an analysis of the macro-environmental issues.This paper presents an analysis of the marketing strategies of Mochalicious Coffee. The analysis includes a brief introduction to the company; its mission statement, branding, pricing, and distribution strategies, integrated marketing communications and customer satisfaction plan, analysis of the strengths and weaknesses, competitor analysis and differentiation strategy, and an analysis of the macro-environmental issues.