Marketing Mix
Explore the primary elements of marketing and gain an appreciation for the influence marketing has on consumer behavior and on business decision-making through examining current cases. Students will also integrate theories and skills learned in this course with the concurrent Entrepreneurship II course through applying a preliminary marketing analysis for their Social Enterprise Venture project in that course.
Core Topics
- The Opportunity
- Understanding Ethical Behavior & Social Responsibility in Marketing
- Developing Successful Organizational & Marketing Strategies: Elements of a Marketing Plan
- Strategies for new product ideas and launch
- The Offering
- Developing & Managing New Products & Services
- Lean Marketing Strategies and the Minimum Viable Product
- The Market
- Marketing Research: From Customer Insights to Actions
- Understanding Consumer Behavior
- The Customer
- Market Segmentation, Targeting, and Positioning
- Understanding Organizations as Customers
- The Brand and Value Proposition
- Integrated Marketing Communication & Multichannel Marketing
- Understanding Ethical Behavior & Social Responsibility in Marketing
- The Cost and Revenue
- Pricing Products & Services
- Pricing strategies and Models
- The Channels
- Marketing Channels & Supply Chains: Retailing & Wholesaling
- Integrated Marketing Communication & Multichannel Marketing
- Introduction to Sales & Sales Management
- The Performance and Pivot
- Creating Customer Relationships & Value through Marketing
- Developing Successful Organizational & Marketing Strategies: Elements of a Marketing Plan
- Reaching Global Consumers and Markets
- Measuring performance and adjusting strategies with Key Performance Indicators
- The Growth
- Building a product portfolio
- Targeting new customers
Learning Outcomes and Career Relevance
- Discuss how Marketing is essential for the success of the firm and your personal success.
- Explain Marketing and how it creates value for the firm, the consumer, and society as a whole.
- Identify and describe essential marketing frameworks and terminology.
- Describe and apply key marketing theories and tools to identify and solve marketing problems and generate new opportunities.
- Locate and utilize external and internal information to develop and legitimize marketing strategies