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This course teaches students how to design, develop, maintain, and manage business relationships among marketing channel members to achieve competitive advantage. It includes coordination and collaboration with channel partners, such as suppliers, wholesalers, retailers, selling agents, third-party service providers, and customers. The course teaches a broad understanding of how to create the best marketing channel(s) based upon management objectives.
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Become more familiar with the core marketing activities of market research, consumer behavior, product management, supply chain management and integrated marketing communications. These marketing core bases will be analyzed to provide an understanding for market management.
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Knowing the identity of the brand, keeping the integrity of the brand, and positioning and developing brand standards for use in all communications is essential for marketing. This course will examine methods used by easily recognized brands and what those organizations do to maintain their brand.
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Product management deals with the planning or marketing of a new or existing product or product line, at all stages of the product lifecycle. Product Management also describes the many different
activities performed in order to deliver a particular product to market; everything from targeting particular customers, forming a marketing mix, and budgeting issues. Topics covered include marketing planning, category attractiveness, competitor& customer analysis, market potential & forecasting, product strategy, and marketing mix decisions.
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Integrated Marketing Communications is designed to ensure that the information received by a customer or potential customer for a product or service is consistent. This concept includes simultaneously marketing through many online and offline marketing channels. Online marketing channels include any interactive marketing campaigns or programs, from search engine optimization and submission to pay-per-click, affiliate, e-mail, and banner advertising. Offline marketing channels such as traditional newspaper, magazine, direct mail, public relations, radio, and television are also integrated.
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Pricing is one of the four Ps of the marketing mix. Pricing is the process of applying prices to product or service offerings that will be profitable, enticing, and competitive. Topics covered include Tactical Pricing, Pricing Strategy, Value Creation, Price Structure, Price and Value Communication, Pricing Policy, Price Level, Costs, Pricing Over the Product Life Cycle, and Price & Value Measurement.
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