Expected learning outcomes
- Differentiate between sales and market orientation and discuss the concepts of ethical behavior and corporate social responsibility.
- Highlight types of competitive advantage and target market strategies. Review SWOT analysis and the marketing mix.
- Assess the external influences and effects of social factors on marketing. Investigate marketing's political and legal environment and the essentials of foreign competition.
- Identify ways to enter a foreign market and discuss the importance of global marketing. Summarize the impact of culture and demographics on international external marketing.
- Explain why consumer behavior is important to marketers and identify some influences on behavior. Outline the steps in the consumer decision-making process.
- Differentiate between consumer marketing and business marketing, review the purpose of marketing research and compare new buy, modified re-buy and straight re-buy.
- Evaluate different types of market segmentation and learn the steps to segment business markets. Depict strategies for product development and business growth.
- Explore the different types of new products and outline methods for creating a marketing mix. Review the ways retail segments are used to reach target markets.
- Differentiate between goods and services and scrutinize the functions of marketing channels and channel intermediaries.
- Understand why companies use public relations, advertising's effects on consumers and the purpose of trade and consumer sales promotions.
- Explore different pricing strategies and the steps in the selling process. Examine the factors that help determine price.
Who should attend?
• Anyone wanting to learn the basic fundamental processes of sales, marketing and branding
• Secretaries, Receptionists and Administrative Staff who want to improve their marketing and business skills.
• Small business owners.
• This course is an introduction to marketing fundamentals and will suit those with no sales and marketing experience or knowledge.
Course modules and outline
Marketing Philosophies and Ethics
- Introduction to Marketing: Definition and Applications
- Marketing, Production, Sales & Societal Marketing Orientation
- Market Orientation and Sales Orientation: Definition and Differences
- Ethical Behavior in Marketing: What Are Marketing Ethics?
- Business Ethics: Corporate Social Responsibility
- Ethics and Cause-Related Marketing
Competitive Advantage
- Competitive Advantage: The Importance of Strategic Marketing
- Business Plans: How to Develop a Business Mission Statement
- What is SWOT: Situation Analysis in Marketing
- Types of Competitive Advantage: Cost, Product, Niche & Sustainable Advantages
- How to Identify Strategic Alternatives in Marketing
- Target Market Strategies for Successful Business
- The Marketing Mix: Product, Place, Price & Promotion
The Marketing Environment
- Marketing Environment: External Influences on Marketing Strategy
- Attitudes, Values & Belief: Social Factors in Marketing
- Consumer and Industry Reaction to the Market and Economy
- Technology's Impact on Marketing and Marketers
- The Political and Legal Environment of Marketing
- Foreign and Domestic Business Competition: Definition and Regulations
International Marketplace
- International Marketing: The Importance of Global Marketing Strategy
- Internet and Global Marketing: Ecommerce on an International Scale
- International External Marketing: Culture, Economics, Te& More
- International Marketing Mix and the 4 Ps of Marketing
- Breaking Into Foreign Markets: International Marketing Strategies
Consumer Decision Making
- Understanding the Consumer Decision-Making Process: A Marketing Must
- Consumer Behavior Theory and Marketing Strategy
- Consumer Psychology and the Purchase Process
- Brand Familiarity and the Purchase Process
- Cognitive Dissonance & Post-Purchase Process
- Buying Behavior and Marketing: Types of Consumer Buying Decisions
- Influences on Consumer Buying Decisions: Cultures, Values & More
Business Marketing and Marketing Research
- B2B vs. B2C: How Business Marketing Differs from Consumer Marketing
- Business Marketing: Producers, Resellers, Governments & Institutions
- Business Buyers: New Buy, Modified Rebuy, Straight Rebuy
- Marketing Research: Definition, Purpose and Role in Marketing Strategy
- How to Establish a Marketing ResearProject
Segmentation and Product Marketing
- Market Segmentation: Why Market Segments Are Important to Marketers
- Market Segmentation: Geographic, Demographic, Psychographic & More
- How to Segment Business Markets Step-by-Step
- Positioning and Differentiation in Consumer Marketing
- What is a Business Product: Definition for Marketers
- Consumer Products: Convenience, Shopping, Specialty & Unsought Products
- Product Development and Business Growth: Process & Strategies
- Branding and Brand Equity in Business Marketing
Managing a Product and Retailing
- How to Develop and Market New Consumer Products
- Types of New Products: New Product Lines, Product Improvements & More
- How to Create a Marketing Mix for Individual Cultures & Countries
- How a New Product is Adopted by Consumers
- Classes of Adopters: Innovators, Early, Late and Laggards
- Product Life Cycles: Development, Design and Beyond
Services Marketing, Marketing Channels & Supply Chain Management
- Services Marketing: The Difference Between Services and Goods
- How Non-Profit Marketing Differs from For-Profit Marketing
- Marketing Channel: Definition and Function in the Marketplace
- Channel Intermediaries: Definition and Function in Business
- Channel Conflict: Horizontal & Vertical Conflict
- Supply Chain Management: Technology, Measurement, Relationship & Material Integration
Promotion, Advertising and Public Relations
- Promotion and the Consumer Communication Process
- Goals of Promotion and the Marketing Mix
- Consumer Awareness of Promotion: The AIDA Acronym
- Integrated Marketing Communication and the Marketing Plan
- The Promotional Mix: Target Markets, Buying Decisions & More
- Effects of Advertising on Consumer Buying Behavior
- Types of Advertising: Institutional and Product Advertising
- Advertising Media Choices and Marketing Strategy
- How Public Relations is Different from Advertising
Selling and Pricing Strategy
- Relationship Selling vs. Traditional Methods: Definition and Purpose
- Personal Selling: The Steps of the Selling Process
- Pricing Decisions: Profit-Oriented, Sales & Status Quo
- Pricing Objectives: How Firms Decide on a Pricing Strategy
- Pricing Strategy and Consumer Perception
- Price Elasticity: Understanding Supply and Demand
- Pricing Cost: What Motivates Mark-up and Break-Even Pricing
- Price Selection: How Businesses Select the Correct Price for Products
Key course benefits
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