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MKT571 Marketing

Course Description

This course prepares students to apply marketing concepts to create and sustain customer value. Students learn to solve marketing problems in a collaborative environment. Topics include market research, customer relationships, branding, market segmentation, product development, pricing, channels, communications, and public relations.

Topics and Objectives

Understanding Marketing Management

  • Identify fundamental marketing concepts, trends, and tasks.
  • Identify components of an effective marketing plan.
  • Apply the market research process in developing a business solution.

Buyer Behavior

  • Analyze how organizations build strong customer relationships and customer value through marketing.
  • Explain the factors that influence consumer purchasing decisions.
  • Analyze how markets are segmented to form target markets.
  • Explain the important decisions involved in developing branding strategies.

Product Development and Pricing Strategies

  • Apply a product development decision process to a new product or service launch.
  • Describe marketing strategies that increase service quality.
  • Evaluate pricing strategies and programs for setting and adapting the price of a new product or service.

Channel Strategies and Foreign Markets

  • Evaluate marketing channel strategies for a new product or service.
  • Evaluate strategies for entering foreign markets with a new product or service.

Communicating Value

  • Evaluate factors involved in developing and managing an effective marketing communications plan for a new product or service.
  • Evaluate advertising and promotion programs for a new product or service.
  • Evaluate technology trends in marketing.

Public Relations and Ethics in Marketing

  • Analyze the role of ethics and social responsibility in marketing.
  • Evaluate public relations strategies for a new product or service.

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