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Principles of Marketing

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Principles of Marketing

Designed to teach students the foundational principles of marketing in the digital age, this course uses current case studies and engaging, real-world scenarios to help students recognize and analyze marketing in business as well as in everyday life. The text introduce students to the principles of marketing. Unlike some marketing texts that treat digital marketing as an add-on, these course materials incorporate the use of data, digital communications and digital marketing strategies.

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Lumen Learning
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LibreTexts
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LibreTexts
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CC BY
Ngôn ngữ
EN
Danh mục
Marketing
Mục lục· 389 mục
  1. 01: What Is Marketing
  2. 1.01: Self Check- The Marketing Concept
  3. 1.02: Reading- Marketing and Customer Relationships
  4. 1.03: Self Check- Marketing and Customer Relationships
  5. 1.04: Outcome- How Organizations Use Marketing
  6. 1.05: Reading- How Organizations Use Marketing
  7. 1.06: Self Check- How Organizations Use Marketing
  8. 1.07: Outcome- Value of Marketing
  9. 1.08: Reading- The Value of Marketing
  10. 1.09: Self Check- Value of Marketing
  11. 1.10: Why It Matters- What Is Marketing
  12. 1.11: Putting It Together- What Is Marketing
  13. 1.12: Discussion- Self-Introduction
  14. 1.13: Outcome- Marketing Defined
  15. 1.14: Reading- Marketing Defined
  16. 1.15: Self Check- Marketing Defined
  17. 1.16: Outcome- Marketing in Action
  18. 1.17: Reading- Marketing in Action
  19. 1.18: Self Check- Marketing in Action
  20. 1.19: Outcome- The Marketing Concept
  21. 1.20: Reading- The Marketing Concept
  22. 02: Marketing Function
  23. 2.01: Reading- Communicating the Value Proposition
  24. 2.02: Self Check- Communicating the Value Proposition
  25. 2.03: Reading- Value Proposition Examples
  26. 2.04: Video- Coffee Shop Marketing
  27. 2.05: Self Check- Evaluating Value Proposition Examples
  28. 2.06: Outcome- Marketing Mix
  29. 2.07: Reading- Defining the Marketing Mix
  30. 2.08: Reading- Components of the Marketing Mix
  31. 2.09: Self Check- Marketing Mix
  32. 2.10: Why It Matters- Marketing Function
  33. 2.11: Outcome- Using the Marketing Mix
  34. 2.12: Reading- Finding the Right Marketing Mix
  35. 2.13: Case Study- Chobani
  36. 2.14: Self Check- Using the Marketing Mix
  37. 2.15: Outcome- Role of Marketing Plan
  38. 2.16: Reading- The Role of the Marketing Plan
  39. 2.17: Simulation- Ice Cream Magnate
  40. 2.18: Self Check- Role of Marketing Plan
  41. 2.19: Putting It Together- Marketing Function
  42. 2.20: Discussion- Analyzing Marketing Efforts
  43. 2.21: Outcome- Importance of Customer
  44. 2.22: Assignment- Submit Marketing Plan Template
  45. 2.23: Reading- Why Customers Matter
  46. 2.24: Self Check- Importance of Customer
  47. 2.25: Outcome- Segmentation and Targeting Introduction
  48. 2.26: Reading- Defining Your Target Market
  49. 2.27: Self Check- Segmentation and Targeting Introduction
  50. 2.28: Outcome- Communicating the Value Proposition
  51. 2.29: Reading- Value for the Customer
  52. 03: Segmentation and Targeting
  53. 3.01: Case Study- eHarmony Targets Women
  54. 3.02: Self Check- Segmentation Decisions
  55. 3.03: Outcome- Targeting and Marketing Mix
  56. 3.04: Reading- Targeting Strategies and the Marketing Mix
  57. 3.05: Case Study- Red Bull Wins the Extreme Niche
  58. 3.06: Simulation- Segmenting the Ice Cream Market
  59. 3.07: Self Check- Targeting and Marketing Mix
  60. 3.08: Putting It Together- Segmentation and Targeting
  61. 3.09: Why It Matters- Segmentation and Targeting
  62. 3.10: Outcome- Segmentation and Targeting Rationale
  63. 3.11: Reading- The Purpose of Market Segmentation and Targeting
  64. 3.12: Self Check- Segmentation and Targeting Rationale
  65. 3.13: Outcome- Common Segmentation Approaches
  66. 3.14: Reading- Segmentation Criteria and Approaches
  67. 3.15: Self Check- Common Segmentation Approaches
  68. 3.16: Outcome- Segmentation Decisions
  69. 3.17: Reading- Choosing a Segmentation Approach and Target Segments
  70. 3.18: Case Study - eHarmony Targets Women
  71. 04: Marketing Strategy
  72. 4.01: Reading- Optimizing the Marketing Mix
  73. 4.02: Reading- Implementation and Budget
  74. 4.03: Reading- Evaluating Marketing Results
  75. 4.04: Self Check- Marketing Strategy Mechanics
  76. 4.05: Outcome- Strategic Planning Tools
  77. 4.06: Reading- SWOT Analysis
  78. 4.07: Reading- BCG Matrix
  79. 4.08: Reading- Strategic Opportunity Matrix
  80. 4.09: Self Check- Strategic Planning Tools
  81. 4.10: Outcome- Examples of Corporate Strategies
  82. 4.11: Why It Matters- Marketing Strategy
  83. 4.12: Reading- Market Penetration Example
  84. 4.13: Reading- Market Development Example
  85. 4.14: Reading- Product Development Example
  86. 4.15: Reading- Diversification Example
  87. 4.16: Self Check- Examples of Corporate Strategies
  88. 4.17: Outcome- Customer Relationships
  89. 4.18: Reading- Customer-Relationship Strategies
  90. 4.19: Video- Harley Davidson Customer Relationships
  91. 4.20: Self Check- Customer Relationships
  92. 4.21: Putting It Together- Marketing Strategy
  93. 4.22: Outcome- Evaluate Alignment of Marketing Strategies
  94. 4.23: Assignment- Marketing Plan Part I
  95. 4.24: Video- What Is Strategy
  96. 4.25: Reading- Strategy and Tactics
  97. 4.26: Reading- The Mission Statement
  98. 4.27: Reading- Strategy and Objectives
  99. 4.28: Self Check- Evaluate Alignment of Marketing Strategies
  100. 4.29: Outcome- Marketing Strategy Mechanics
  101. 4.30: Reading- Creating the Marketing Strategy
  102. 05: Ethics and Social Responsibility
  103. 5.01: Reading- Privacy Laws
  104. 5.02: Reading- Fraud in Marketing
  105. 5.03: Self Check- Regulatory Laws
  106. 5.04: Outcome- B2B and B2C Marketer Ethical Dilemmas
  107. 5.05: Reading- Ethics in B2B Marketing
  108. 5.06: Reading- Gifts and Bribes
  109. 5.07: Self Check- B2B and B2C Marketer Ethical Dilemmas
  110. 5.08: Outcome- Ensuring Ethical Marketing and Sales
  111. 5.09: Reading- A Culture of Accountability
  112. 5.10: Reading- Executive Role in Ethics
  113. 5.11: Why It Matters- Ethics and Social Responsibility
  114. 5.12: Reading- Ethics for Marketing Employees
  115. 5.13: Simulation- Ethics
  116. 5.14: Self Check- Ensuring Ethical Marketing and Sales
  117. 5.15: Outcome- Social Responsibility Marketing Impact
  118. 5.16: Reading- Social Responsibility in the Marketing Strategy
  119. 5.17: Reading- Social Responsibility Initiatives
  120. 5.18: Self Check- Social Responsibility Marketing Impact
  121. 5.19: Putting It Together- Ethics and Social Responsibility
  122. 5.20: Discussion- Analyzing Social Responsibility
  123. 5.21: Outcome- Ethical Marketing Issues
  124. 5.22: Reading- Defining Ethics
  125. 5.23: Reading- Common Ethical Issues in Marketing
  126. 5.24: Reading- New Challenges in Marketing Ethics
  127. 5.25: Reading- Corporate Social Responsibility
  128. 5.26: Self Check- Ethical Marketing Issues
  129. 5.27: Outcome- Regulatory Laws
  130. 5.28: Reading- Product Liability
  131. 06: Marketing Information and Research
  132. 6.01: Reading- The Marketing Research Process
  133. 6.02: Self Check- The Marketing Research Process
  134. 6.03: Outcome- Marketing Research Techniques
  135. 6.04: Reading- Secondary Marketing Research
  136. 6.05: Reading- Primary Marketing Research Methods
  137. 6.06: Self Check- Marketing Research Techniques
  138. 6.07: Outcome- Marketing Data Sources
  139. 6.08: Reading- Marketing Data Sources
  140. 6.09: Self Check- Marketing Data Sources
  141. 6.10: Outcome- Customer Relationship Management (CRM) Systems
  142. 6.11: Why It Matters- Marketing Information and Research
  143. 6.12: Reading- Customer Relationship Management Systems
  144. 6.13: Self Check- Customer Relationship Management (CRM) Systems
  145. 6.14: Outcome- Using Marketing Information
  146. 6.15: Reading- Using Marketing Information
  147. 6.16: Self Check- Using Marketing Information
  148. 6.17: Putting It Together- Marketing Information and Research
  149. 6.18: Outcome- Importance of Marketing Information
  150. 6.19: Reading- The Importance of Marketing Information and Research
  151. 6.20: Case Study- Juicy Fruit Gum
  152. 6.21: Self Check- Importance of Marketing Information
  153. 6.22: Outcome- Types of Marketing Information
  154. 6.23: Reading- Types of Marketing Information
  155. 6.24: Self Check- Types of Marketing Information
  156. 6.25: Outcome- The Marketing Research Process
  157. 07: Consumer Behavior
  158. 7.01: Reading- Influences on Consumer Decisions
  159. 7.02: Reading- Situational Factors
  160. 7.03: Reading- Personal Factors
  161. 7.04: Reading- Psychological Factors
  162. 7.05: Video- Consumer Attitudes and Heinz Baked Beans
  163. 7.06: Reading- Social Factors
  164. 7.07: Self Check- Factors Influencing Consumer Decisions
  165. 7.08: Outcome- B2B Purchasing Decisions
  166. 7.09: Reading- Organizational Buyer Behavior
  167. 7.10: Video- Complexities of a B2B Solution Sale
  168. 7.11: Why It Matters- Consumer Behavior
  169. 7.12: Reading- The Organizational Buying Process
  170. 7.13: Self Check- B2B Purchasing Decisions
  171. 7.14: Putting It Together- Consumer Behavior
  172. 7.15: Discussion- Customer Profile
  173. 7.16: Outcome- Buying-Process Stages
  174. 7.17: Reading- The Black Box of Consumer Behavior
  175. 7.18: Reading- Buying-Process Stages
  176. 7.19: Self Check- Buying Process Stages
  177. 7.20: Outcome- Low-Involvement vs. High-Involvement Decisions
  178. 7.21: Reading- Low-Involvement vs. High-Involvement Decisions
  179. 7.22: Self Check- Low-Involvement vs. High-Involvement Decisions
  180. 7.23: Outcome- Factors Influencing Consumer Decisions
  181. 08: Positioning
  182. 8.01: Reading- Developing Positioning Statements
  183. 8.02: Self Check- Developing Positioning Statements
  184. 8.03: Outcome- Repositioning
  185. 8.04: Reading- Repositioning
  186. 8.05: Self Check- Repositioning
  187. 8.06: Outcome- Implementing Positioning Strategy
  188. 8.07: Reading- Implementing Positioning Strategy
  189. 8.08: Self Check- Implementing Positioning Strategy
  190. 8.09: Putting It Together- Positioning
  191. 8.10: Discussion- Positioning and Differentiation
  192. 8.11: Why It Matters- Positioning
  193. 8.12: Outcome- Defining Positioning and Differentiation
  194. 8.13: Reading- Defining Positioning and Differentiation
  195. 8.14: Self Check- Defining Positioning and Differentiation
  196. 8.15: Outcome- The Positioning Process
  197. 8.16: Reading- The Positioning Process
  198. 8.17: Video- Starbucks Delivers Community and Connection
  199. 8.18: Self Check- The Positioning Process
  200. 8.19: Outcome- Developing Positioning Statements
  201. 09: Branding
  202. 9.01: Outcome- Brand Positioning and Alignment
  203. 9.02: Reading- Brand Positioning and Alignment
  204. 9.03: Video- Red Bulls Extreme Brand Alignment
  205. 9.04: Self Check- Brand Positioning and Alignment
  206. 9.05: Outcome- Name Selection
  207. 9.06: Reading- Name Selection
  208. 9.07: Self Check- Name Selection
  209. 9.08: Outcome- Packaging
  210. 9.09: Reading- Packaging
  211. 9.10: Self Check- Packaging
  212. 9.11: Why It Matters- Branding
  213. 9.12: Outcome- Brand Development Strategies
  214. 9.13: Reading- Brand Development Strategies
  215. 9.14: Self Check- Brand Development Strategies
  216. 9.15: Putting It Together- Branding
  217. 9.16: Assignment- Marketing Plan Part 2
  218. 9.17: Outcome- Elements of Brand
  219. 9.18: Reading- Elements of Brand
  220. 9.19: Video- REI Builds Brand by Closing on Black Friday
  221. 9.20: Reading- Types of Brands
  222. 9.21: Self Check- Elements of a Brand
  223. 9.22: Outcome- Brand Equity
  224. 9.23: Reading- Brand Equity
  225. 9.24: Self Check- Brand Equity
  226. 10: Product Marketing
  227. 10.01: Reading- Stages of the Product Life Cycle
  228. 10.02: Reading- Marketing through the Product Cycle
  229. 10.03: Reading- Challenges in the Product Life Cycle
  230. 10.04: Self Check- Product Life Cycle
  231. 10.05: Outcome- Product Portfolio Management
  232. 10.06: Reading- The Product Portfolio
  233. 10.07: Reading- Achieving Portfolio Objectives
  234. 10.08: Reading- New Products in the Portfolio
  235. 10.09: Self Check- Product Portfolio Management
  236. 10.10: Outcome- New Product Development Process
  237. 10.11: Why It Matters- Product Marketing
  238. 10.12: Reading- Overview of the New-Product Development Process
  239. 10.13: Reading- Generating and Screening Ideas
  240. 10.14: Reading- Developing New Products
  241. 10.15: Reading- Commercializing New Products
  242. 10.16: Video- Target Product Design
  243. 10.17: Self Check- New-Product Development Process
  244. 10.18: Outcome- Challenges for New Products
  245. 10.19: Reading- Diffusion of Innovation
  246. 10.20: Reading- Improved Success in Product Development
  247. 10.21: Self Check- Challenges for New Products
  248. 10.22: Outcome- Products and Marketing Mix
  249. 10.23: Putting It Together- Product Marketing
  250. 10.24: Discussion- Product Strategy
  251. 10.25: Reading- Defining Product
  252. 10.26: Reading- Consumer Product Categories
  253. 10.27: Reading- Products and Services
  254. 10.28: Reading- Augmenting Products with Services
  255. 10.29: Reading- Product Marketing in the Marketing Mix
  256. 10.30: Self Check- Products and Marketing Mix
  257. 10.31: Outcome- Product Life Cycle
  258. 11: Pricing Strategies
  259. 11.01: Reading- Competitor Impact on Pricing
  260. 11.02: Reading- Benefits of Value-Based Pricing
  261. 11.03: Self Check- Pricing Considerations
  262. 11.04: Outcome- Common Pricing Strategies
  263. 11.05: Reading- Skim Pricing
  264. 11.06: Reading- Penetration Pricing
  265. 11.07: Reading- Cost-Oriented Pricing
  266. 11.08: Reading- Discounting Strategies
  267. 11.09: Self Check- Common Pricing Strategies
  268. 11.10: Outcome- Price Elasticity
  269. 11.11: Why It Matters- Pricing Strategies
  270. 11.12: Video- Elasticity of Demand
  271. 11.13: Reading- Elasticity and Price Changes
  272. 11.14: Reading- Products with Elastic and Inelastic Demand
  273. 11.15: Simulation- Demand for Food Trucks
  274. 11.16: Self Check- Price Elasticity
  275. 11.17: Outcome- Competitive Bidding
  276. 11.18: Reading- Competitive Bidding
  277. 11.19: Reading- Price in the Competitive Bid
  278. 11.20: Self Check- Competitive Bidding
  279. 11.21: Putting It Together- Pricing Strategies
  280. 11.22: Outcome- Pricing Impact on Value of Products or Services
  281. 11.23: Discussion- Pricing Strategy
  282. 11.24: Reading- Demonstrating Customer Value
  283. 11.25: Reading- The Psychology of Pricing
  284. 11.26: Video- Value in Branded Eyewear
  285. 11.27: Self Check- Pricing Impact on Value of Products or Services
  286. 11.28: Outcome- Pricing Considerations
  287. 11.29: Reading- Pricing Objectives
  288. 11.30: Reading- Break-Even Pricing
  289. 12: Place- Distribution Channels
  290. 12.01: Outcome- Managing Distribution Channels
  291. 12.02: Reading- Optimizing Channels
  292. 12.03: Reading- Third-Party Sales
  293. 12.04: Reading- Service Outputs
  294. 12.05: Self Check- Managing Distribution Channels
  295. 12.06: Outcome- Retailers As Channels of Distribution
  296. 12.07: Reading- Define Retailing
  297. 12.08: Reading- Types of Retailers
  298. 12.09: Reading- Retail Strategy
  299. 12.10: Self Check- Retailers As Channels of Distribution
  300. 12.11: Why It Matters- Place- Distribution Channels
  301. 12.12: Outcome- Integrated Supply Chain Management and the Distribution Strategy
  302. 12.13: Reading- Components of a Supply Chain
  303. 12.14: Reading- Integrated Supply Chain Management
  304. 12.15: Reading- Supply Chain and Channel Strategy
  305. 12.16: Self Check- Integrated Supply Chain Management and the Distribution Strategy
  306. 12.17: Putting It Together- Place- Distribution Channels
  307. 12.18: Discussion- Distribution Strategy
  308. 12.19: Outcome- Using Channels of Distribution
  309. 12.20: Reading- Define Channels of Distribution
  310. 12.21: Reading- Distribution Objectives
  311. 12.22: Reading- Channel Structures
  312. 12.23: Reading- The Role of Intermediaries
  313. 12.24: Reading- Marketing Channels vs. Supply Chains
  314. 12.25: Simulation- Distribution
  315. 12.26: Self Check- Using Channels of Distribution
  316. 13: Promotion- Integrated Marketing Communication (IMC)
  317. 13.01: Reading- Determining IMC Objectives and Approach
  318. 13.02: Video- Prioritizing Marketing Communications
  319. 13.03: Self Check- Determining IMC Objectives and Approach
  320. 13.04: Outcome- Marketing Communication Methods
  321. 13.05: Reading- Advertising
  322. 13.06: Reading- Public Relations
  323. 13.07: Reading- Sales Promotions
  324. 13.08: Reading- Personal Selling
  325. 13.09: Reading- Direct Marketing
  326. 13.10: Reading- Digital Marketing
  327. 13.11: Why It Matters- Promotion- Integrated Marketing Communication (IMC)
  328. 13.12: Reading- Guerrilla Marketing
  329. 13.13: Simulation- IMC Hero
  330. 13.14: Self Check- Marketing Communication Methods
  331. 13.15: Outcome- Using IMC in the Sales Process
  332. 13.16: Reading- Using IMC in the Sales Process
  333. 13.17: Self Check- Using IMC in the Sales Process
  334. 13.18: Outcome- Customer Relationship Management (CRM) Systems and IMC
  335. 13.19: Reading- Customer Relationship Management (CRM) Systems and IMC
  336. 13.20: Self Check- Customer Relationship Management (CRM) Systems and IMC
  337. 13.21: Outcome- Measuring Marketing Communication Effectiveness
  338. 13.22: Outcome- Integrated Marketing Communication (IMC) Definition
  339. 13.23: Reading- Measuring Marketing Communication Effectiveness
  340. 13.24: Self Check- Measuring Marketing Communication Effectiveness
  341. 13.25: Outcome- Developing a Marketing Campaign and Budget
  342. 13.26: Reading- Developing a Marketing Campaign and Budget
  343. 13.27: Self Check- Developing a Marketing Campaign and Budget
  344. 13.28: Putting It Together- Promotion- Integrated Marketing Communication (IMC)
  345. 13.29: Discussion- Marketing Campaign Concept
  346. 13.30: Assignment- Complete Marketing Plan
  347. 13.31: Reading- Integrated Marketing Communication (IMC) Definition
  348. 13.32: Reading- Marketing Campaigns and IMC
  349. 13.33: Self Check- Integrated Marketing Communication (IMC) Definition
  350. 13.34: Outcome- Defining the Message
  351. 13.35: Reading- Defining the Message
  352. 13.36: Self Check- Defining the Message
  353. 13.37: Outcome- Determining IMC Objectives and Approach
  354. 14: Marketing Globally
  355. 14.01: Self Check- Approaches to Global Competition
  356. 14.02: Reading- Demographic Factors Shaping the Global Marketing Environment
  357. 14.03: Reading- Cultural Factors Shaping the Global Marketing Environment
  358. 14.04: Reading- Institutional Factors Shaping the Global Marketing Environment
  359. 14.05: Self Check- Factors Shaping the Global Marketing Environment
  360. 14.06: Putting It Together- Marketing Globally
  361. 14.07: Discussion- Global Marketing
  362. 14.08: Assignment- Marketing Plan Peer Review
  363. 14.09: Why It Matters- Marketing Globally
  364. 14.10: Outcome- Globalization Benefits and Challenges
  365. 14.11: Reading- Globalization Benefits and Challenges
  366. 14.12: Self Check- Globalization Benefits and Challenges
  367. 14.13: Outcome- Approaches to Global Competition
  368. 14.14: Reading- Entry Strategies in Global Markets
  369. 14.15: Reading- Approaches to Global Competition
  370. 14.16: Video- McDonalds Glocalization
  371. 14.17: Reading- Applying Marketing Principles in the Global Environment
  372. 15: Marketing Plan
  373. 15.01: Reading- Using and Updating the Marketing Plan
  374. 15.02: Self Check- The Marketing Plan in Action
  375. 15.03: Putting It Together- Marketing Plan
  376. 15.04: Assignment- Marketing Plan Presentation
  377. 15.05: Why It Matters- Marketing Plan
  378. 15.06: Outcome- Elements of the Marketing Plan
  379. 15.07: Reading- Elements of the Marketing Plan
  380. 15.08: Self Check- Elements of the Marketing Plan
  381. 15.09: Outcome- Presenting the Marketing Plan
  382. 15.10: Reading- Presenting the Marketing Plan
  383. 15.11: Reading- Business Presentations
  384. 15.12: Self Check- Presenting the Marketing Plan
  385. 15.13: Outcome- The Marketing Plan in Action
  386. 16: Faculty Resources
  387. 16.01: Faculty Resources Overview
  388. 16.02: Pacing
  389. 16.03: Assignments