Learning Outcomes
On successful completion of this module students should be able to:
- Provide an understanding of marketing principles.
- Provide an understanding of the role of marketing within a business.
Aims
The course aims to establish an understanding of the Marketing function. It takes students through the Marketing process while establishing the principles that underpin aspects of Marketing.
The emphasis throughout is on the application to current business issues and practice. Students will be encouraged to read around the subject with a focus on current articles to show the reality of the issues and the challenges organisations face.
Brief description
Marketing is a fundamental business philosophy. The Marketing discipline underpins the commercial activities of all businesses. It provides a structure within which businesses respond to their customers' needs and wants. It is an essential tool for the manager of any business. This module introduces the essential components of marketing and the principles on which marketing is based.
Content
The Role of Marketing
The role of marketing within business and the commercial environments.
The Marketing Environment
Those factors that influence a business in its micro and macro environments.
Marketing Information
The process of market research and environmental scanning. The data collection and analysis process.
Consumer Behaviour
The identification of the market and customer. The factors influencing consumer behaviour. Behavioural differences in business-to-consumer and business-to-business markets.
Market Segmentation
The basis for market segmentation. The importance of market segmentation in product positioning.
Marketing Mix
Managing the marketing mix and marketing mix elements. The organisational role of the marketing mix.