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MARKETING MANAGEMENT

BS (BBA) – VII
Course Title : MARKETING MANAGEMENT
 Course Number : BA (BS) – 621
Credit Hours: 03

Objective

The objective of this course is to give students a detailed and advanced overview of Marketing, as the basic concepts have already been discussed in the ‘Principles of Marketing’ course. As the title ‘Marketing Management’ suggest that Marketing cannot be separated from Management. To be a successful marketer, knowledge of handling strategic and tactical management issues is necessary. This course is intended to emphasize on the application of marketing concepts and tools along with the decision making process. Here the students will learn how to analyze and measure total market demand and winning customers through market oriented strategic planning, keeping in mind the competitors moves. Major decisions about product, branding, price, channel systems and productions will be emphasized.

Course Contents

    1. Marketing: An Overview
      1.1. Importance and Scope of Marketing
      1.2. Understanding Marketing Management
      1.3. Social Responsibility of Marketing
      1.4. Company Orientations Toward the Market Place
    2. Building Customer Satisfaction, Value and Retention
      2.1. Attracting and Retaining Customers
      2.2. Delivering Customer Value and Satisfaction
      2.3. Company Profitability and Total Quality Management
    3. Winning Markets through Market Oriented Strategic Planning
      3.1. Corporate and Division Strategic Planning
      3.2. Establishing Strategic Business Units
      3.3. Analysing Business Portfolio
    4. Gathering Information and Measuring Market Demand
      4.1. Internal Records System
      4.2. Marketing Intelligence, Research and Decision Support System
      4.3. Forecasting and Demand Management
    5. Scanning the Marketing Environment
      5.1. Analysing Micro and Macro Environment Factors
      5.2. SWOT Analysis
    6. Buyer Behavior Analysis
      6.1. Factors Affecting Buying Behavior
      6.2. Buying Decision Process
      6.3. Buying Objectives and Structures of Organizational Markets
    7. Dealing with the Competition
      7.1. Identifying and Analysing Competitors
      7.2. Designing Competitive Intelligence System
      7.3. Competitive Strategies
    8. Segmenting, Targeting and Positioning Strategies
      8.1. Levels and Patterns of Market Segmentation
      8.2. Market Targeting
      8.3. Developing and Communicating a Positioning Strategy
    9. Product, Branding and Services Strategy
      9.1. Product Mix and Product Line Decisions
      9.2. Brand Decisions
      9.3. Marketing Strategies for Service Firms
    10. Developing Price Strategies and Policies
      10.1. Selecting Pricing Objectives
      10.2. Analysing Competitors Costs, Prices and Offers
      10.3. Selecting Pricing Method
      10.4. Product Mix Pricing
      10.5. Promotional and Discriminatory Pricing
    11. Marketing Channel Systems
      11.1. Channel Functions and Flows
      11.2. Channel Design and Management Decisions
      11.3. Retailing and Wholesaling
    12. Managing Integrated Marketing Communications
      12.1. The Communication Process
      12.2. Determine Communication Objectives
      12.3. Select the Communication Channels
      12.4. Establishing the Total Marketing Communications Budget
      12.5. Factors in Setting the Marketing Communications Mix

Recommended Books

  1. Greg, M. & Mark J. (2010). Essentials of Marketing Management. McGraw–Hill.
  2. Kotler, P. & Keller K. (2008). Marketing Management. Prentice Hall.
  3. Peter, P. J. & James D. J. (2010). Marketing Management. McGraw–Hill.
  4. Sheth, J. & Garett, D. E. (2003). Marketing Management: A Comprehensive Reader. South–Western.