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MKT826

Marketing Management And Strategy

This course explores the principles and practices of marketing management. It covers key areas such as marketing in developing economies, service marketing, and marketing mix planning. Students will learn about market segmentation, consumer behavior models, and the role of marketing organizations. The course also delves into marketing research, branding, pricing strategies, and marketing communications, providing a comprehensive understanding of effective marketing strategies.

About this course

Difficulty
Intermediate
Study hours
208 hours
Maths
Basic
Content
Theoretical, case study
Practical work
No
How it is assessed
  • Assignments
  • Tutor Marked Assessments
  • Final Examination

One paragraph, so you can see how it reads

MKT826 · UNIT ONE: INTRODUCTION TO MARKETING

Intellectual Property is any creation of the intellect that has commercial value, but is sold or traded only as an idea, and not a resulting service or good. This includes copyrighted property such as literary or artistic works, and ideational property, such as patents, appellations of origin, business methods, and industrial processes.

What you should be able to do

  1. Apply marketing principles in various economic contexts.
  2. Develop effective marketing mix strategies.
  3. Analyze consumer behavior and market segments.
  4. Create and manage successful branding campaigns.
  5. Implement appropriate pricing policies.
  6. Design integrated marketing communications plans.

What it prepares you for

Careers
  • Marketing Manager
  • Brand Manager
  • Sales Manager
  • Marketing Analyst
  • Public Relations Specialist
Where it is applied
  • Consumer Goods
  • Retail
  • Financial Services
  • Healthcare
  • Technology
  • Non-profit

Where it gets hard

The units students slow down on, and what makes each one heavy.

  • Module 3: Marketing Research and Consumer Behavior

    Unit 9: Models of Consumer Behaviour

    Understanding the complex interplay of psychological, social, and cultural factors requires critical analysis and application of theoretical frameworks.

  • Module 4: Product, Branding and Pricing Strategies

    Unit 13: Pricing Policies and Practices

    Balancing cost considerations, market demand, and competitive pressures to determine optimal pricing strategies requires strong analytical skills.

A suggested way through it

Suggested

13 weeks, about 112 hours in total. Yours will differ.

  1. Week 1Module 1: Introduction to Marketing
    • Unit 1: Introduction to Marketing · 8 hours

      Define marketing and explain its key concepts.. Discuss the five competing concepts under which organizations operate.. Analyze the elements of the marketing mix..

  2. Week 2Module 1: Introduction to Marketing
    • Unit 2: Marketing In a Developing Economy · 8 hours

      Explain the characteristics of developing economies.. Discuss the necessity and importance of marketing in developing economies.. Identify the problems and prospects of marketing in developing economies..

  3. Week 3Module 2: Marketing Mix and Planning
    • Unit 3: Marketing of Services · 8 hours

      Describe services marketing and its challenges.. Explain the characteristics of services: inseparability, intangibility, perishability, variability, and homogeneity.. Discuss the 7 P's of services marketing..

  4. Week 4Module 2: Marketing Mix and Planning
    • Unit 4: Planning of Marketing Mix · 8 hours

      Define marketing mix and its role in marketing planning.. Analyze the marketing planning process: situation analysis, market research, segmentation, targeting, and positioning.. Plan marketing strategies, programs, and support..

  5. Week 5Module 2: Marketing Mix and Planning
    • Unit 5: Marketing Segmentation and Planning · 8 hours

      Define marketing segmentation and its importance.. Discuss the four basic factors affecting market segmentation.. Explain the methods for segmenting consumer markets: geographic and behavioral..

  6. Week 6Module 3: Marketing Research and Consumer Behavior
    • Unit 6: Marketing Organization · 8 hours

      Explain the role of marketing in an organization.. Discuss the six types of marketing organizations: growth champion, senior counselor, brand foreman, growth facilitator, best practices advisor, and service provider.. Describe the four types of marketing organization: functional, product-oriented, geographical, and divisional..

  7. Week 7Module 3: Marketing Research and Consumer Behavior
    • Unit 7: Marketing Research and Its Application · 8 hours

      Define marketing research and its stages.. Explain the importance of marketing research in decision making.. Discuss the relationship between research and marketing strategy..

  8. Week 8Module 3: Marketing Research and Consumer Behavior
    • Unit 8: Determinants of Consumer Behaviour · 8 hours

      Define consumer behavior and its determinants.. Analyze different types of consumer behavior: habitual, variety, complex, and dissonance-reduction.. Discuss the influence of politics, religion, culture, and society on consumer behavior..

  9. Week 9Module 4: Product, Branding and Pricing Strategies
    • Unit 9: Models of Consumer Behaviour · 8 hours

      Explain various models of consumer behavior: black box, Howard-Sheth, Nicosia, and Engel-Blackwell-Kolat.. Discuss theoretical approaches to studying consumer behavior: economic, psychodynamic, behaviorist, and cognitive.. Critique the models of consumer behavior..

  10. Week 10Module 4: Product, Branding and Pricing Strategies
    • Unit 10: Product Decisions, Planning and Development · 8 hours

      Define product and its levels: core benefit, basic product, expected product, augmented product, and potential product.. Classify products: consumer products (convenience, shopping, specialty, unsought) and business products (installations, accessory equipment, raw materials, etc.).. Discuss product decisions, planning, and development..

  11. Week 11Module 4: Product, Branding and Pricing Strategies
    • Unit 11: Product Life Cycle and New Product Development · 8 hours

      Explain the product life cycle (PLC) concept and its stages: introduction, growth, maturity, and decline.. Discuss marketing mix strategies at different PLC stages.. Outline options for managing products in the decline stage..

  12. Week 12Module 5: Pricing, Communications and Sales Management
    • Unit 12: Branding and Packaging Decisions · 8 hours

      Define branding and brand equity.. Discuss the role and scope of branding.. Explain decisions in developing a branding strategy and the functions of packaging..

  13. Week 13Module 5: Pricing, Communications and Sales Management
    • Unit 13: Pricing Policies and Practices · 8 hours

      Explain pricing policies and practices.. Discuss demand, supply, and environmental influences on pricing decisions.. Analyze various pricing strategies: differential, competitive, product-line, psychological, and distribution-based..

    • Unit 14 – Indian Consumer Environment · 8 hours

      Describe the Indian consumer environment based on the 2011 census.. Discuss the impact of demographic changes on consumer behavior in India..

Preparing for the exam

What to do
  • Review all unit summaries to reinforce key concepts and definitions.
  • Create mind maps linking marketing mix elements (product, price, place, promotion) to specific case studies.
  • Practice applying consumer behavior models (e.g., black box model) to real-world marketing scenarios.
  • Focus on understanding the stages of the product life cycle and their implications for marketing strategy.
  • Study examples of successful and unsuccessful branding campaigns to identify best practices.
  • Review past tutor-marked assignments (TMAs) and identify areas needing further clarification.
  • Allocate study time proportionally based on the weight of each module in the final examination.

Questions students ask about this course

What is MKT826 about?

This course explores the principles and practices of marketing management. It covers key areas such as marketing in developing economies, service marketing, and marketing mix planning. Students will learn about market segmentation, consumer behavior models, and the role of marketing organizations. The course also delves into marketing research, branding, pricing strategies, and marketing communications, providing a comprehensive understanding of effective marketing strategies.

How many units does MKT826 have?

MKT826, Marketing Management And Strategy, has 14 units across 1 module, over 183 pages of course material. You can read it one unit at a time.

How many credit units is MKT826?

MKT826 carries 3 credit units, at 800 level in Management Sciences.

Is MKT826 hard?

MKT826 is rated intermediate level, with basic mathematical content. It is mostly theoretical and case study work.

How long does MKT826 take to study?

About 208 hours of study, spread across its 14 units.

How is MKT826 assessed?

MKT826 is assessed by Assignments, Tutor Marked Assessments and Final Examination.

What can I do with MKT826?

Marketing Manager, Brand Manager, Sales Manager, Marketing Analyst and Public Relations Specialist.

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