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Recorded Lecture Introduction To Principles of Marketing Captions

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0% found this document useful (0 votes)
9 views

Recorded Lecture Introduction To Principles of Marketing Captions

Uploaded by

ysnh9bkh5n
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 17

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Welcome to Principles of marketing, one for one for and this week we're going to offer an
introduction for the module.

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So the plan is to talk you through the learning outcomes of the module, to help you to understand
the core definitions of marketing.

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Think about the scope of marketing as a business function,

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and it's much wider than you might think it is to discuss and appreciate module expectations,
including the assessment.

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So let's look first at the model learning outcomes, first of all,

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these are really important because when I assess you, I will need to ensure that you have it within
your assessment.

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Address follows what your learning happens. So this module, you must be able to describe key
marketing concepts, processes and terminology.
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So the words which really constitute the discipline of marketing are important.

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And that terminology shows me as a marker of your assessments, that you're really starting to
understand the discipline.

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Secondly, to demonstrate the ability to collect, analyse and interpret information as part of a
marketing audit.

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Your assessment is very much based on this. And it's about teaching you really to collect and analyse
that information, to find out what's important,

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to know where to collect it from, and then to think about how it impacts your company or your
brand.

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Thirdly, the module is about helping you to understand consumer behaviour and to understand how
the more we know about our consumers,

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then the better marketing decisions we can make. Fourthly, we're thinking about marketing
theories, being able to understand those theories,
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apply those theories, use them to to make good marketing decisions.

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And then finally, the module requires that you ultimately can recommend appropriate actions for
marketing in various sectors.

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And again, that will be picked up in your assessment.

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You should try to get hold of a module text and actually I don't really mind which one you choose to
to use.

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Any introduction to marketing principles of marketing or essentials of marketing, that sort of thing.

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Some of these are available online through the library.

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But you can also pick up, you know, second hand or third hand copies of the textbooks on Amazon.

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So just make sure you have access to some reading so that as you work through your online
materials,

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you can also do some additional reading within the text.

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Examples here. A Joppa Principles of Marketing, Urbancic, King Marketing Concept, ANES,
Bressington, Cottler.

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There's lots and lots of introductory texts to marketing.

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If you pick one up and you're not sure if it's relevant for this module, just drop me a line and I will let
you know if it's appropriate or not.

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Now, in addition to the marketing tax and something that's probably quite new.

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If you're if you're, you know, this in your first year of university,

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is it we start we ask you to become familiar with the academic journals and the academic journals
for this subject area.

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Well, there's actually hundreds of them. But look,

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particularly at maybe the Journal of Marketing and European Journal of Marketing besta so that you
can see what

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an academics are currently writing about in the marketing discipline and to get used to accessing
these journals.

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They are online, but you need to be able to find how to access them.

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And I know in other modules you'll be taught how to do that in your skills module.

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And the sooner you learn to do them do that, the better.

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So for your assessment, I will certainly expect to see some references to these academic journals.
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In addition to that, take a look at the trade journals.

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So the trade journals for marketing campaign, which looks at advertising campaigns, that sort of
thing, Marketing Week does much wider ranging.

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It tells you exactly what's going on in marketing. So we can buy professionals for professionals.

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The drama and marketing BONARD is up online resources, but the marketing Donat in particular is is
really useful one to take a look at.

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It offers a range of different templates that you could use for working through this module.

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A marketing plan is in there, for example. So I'd like you to be reading a textbook, you know, maybe
just a chapter a week.

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I'd like you to be looking at the academic journals, finding out where they are, starting to think about
how you reference those.
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And I'd also like you to be accessing the trade journals again online through it, through the library as
much as you can.

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You need to know the difference between the academic and the trade journal.

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So an academic journal is written by academics. Not surprisingly.

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But it's some piece of work, piece of research which is peer reviewed by other academics in the field.

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So once it's published, it's perceived to have some academic credibility.

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Trade journals, on the other hand, are written by journalists for specific publications like Campaign
or Marketing Week.

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And obviously that's their job and they're paid to do it. And academics are not paid generally to
publish in the academic journals.
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Now, both of those are important trade journals are important to us because they tell

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us what's going on today and give us really good examples of what's happening

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marketing the academic journals show us how academic discussion and debate has

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evolved and is continuing to do to evolve as far as your academic work is concerned.

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They are they're both they're both relevant. Some of your essays will be ask for more academic
sources than others.

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Some will be more practical. So practical examples will obviously be found in the trade journals.

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But for me, I would like to see a good mix of textbooks, academic journals and trade journals.

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So start working out now how you can access these and just become familiar with that process.

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Give you an overview of the module we cover.

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A broad range of marketing activities. So following our introduction, we will then focus on
understanding the marketing environment.

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And this is going to help you with your assessment of your job will be to analyse the marketing
environment.

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And we look at consumers. We are examining the different approaches to thinking about how
consumers behave.

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What motivates them? What prompts their behaviour.

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And also try to understand how knowing about consumer behaviour can help us to make better
marketing decisions.

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Then we look at the idea of segmentation, targeting and positioning.

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So how we segment a chosen market, how we target a particular group of customers within it,

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and then how we position our organisation or offering to suit that target markets.

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We look at marketing, research and the marketing mix. So the marketing mix is varied.

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It incorporates product pricing, promotion. So a range of different elements which work together to
help us to put our marketing into action.

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We look at our branding options and marketing communications.

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We look at the differences between tangible product marketing and services marketing.

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And they are quite different, they are quite distinct, and we would emphasise different aspects.
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You could services well to them products. And we'll think about how we can behave in an ethical
way.

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Today we are expected to behave ethically and to be socially responsible in marketing.

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So we look at what that means for our subject area, often particularly around targeting and
promotion.

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For example. And then our final week will look through how we put together some decisions around
marketing.

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So how we plan our marketing activities, how we schedule it, how we organise it.

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And then we have a final week there where we'll focus on getting ready for the assessment.

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This much. There are two. Elements for the assessment, but they are linked.

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So what do you do in that first piece of assignment? You will then use the later on in the second
piece of your assignment.

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So your assignment, your first piece of work is an individual report.

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And that's an audit, a marketing audit. So it's about analysing and finding data and analysing that
data.

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And it's 70 percent of the overall module.

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The second part of that requires you to offer recommendations based on that initial audits, and that
will be created in the form of a poster.

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And I'll give you much more detail on this, obviously, as we go through the weeks.

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So they said the assessments are linked. So the first one requires that you research the market.

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That you use the materials that covering glass to develop a method for reviewing

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the marketing environment and also to view the client's marketing activities.

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So what are they doing? Well, what are they doing less well? What's their packaging like and what's
their targeting like?

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How is that pricing? So that's all about analysing a situation and trying to get to grips with where the
client or the brand is currently.

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Then the second assignment will ask you to take a step further and offer recommendations for what
that client should do in the future.

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You'll need to base that on your initial analysis and then you'll justify it using the data that you found
in the first stage.

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And the purpose of that second assessment is to show you really how your analysis really links into
all the decisions that we make in marketing.

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Thanks for the assessment, which are definitely worth putting in your diary.

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And I'll give you specific days shortly. So finally, I'd like to run through my expectations.

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If you are also. What you can expect from me.

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So I want you to be engaged, organised and making sure that you keep up to date with what's going
on in your module.

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So you're working through all that material. You're reading your checking.

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Any module announcements on Gateway, your keeping in contact with your e-mail account and any
other way that we have?

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We choose to have some discussions and contact and you make an active contribution to discussion
sessions.

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Nobody would quite know. Expects you to know all the answers and all contributions are valuable.
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You learn as much from your peers, other students in your group as you do from your LATERA.

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It's really important that you participate well in independent learning, so they're reading and
preparing for your assignment.

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Finding those sources and really working independently there to build up that body of knowledge.

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And then finally, look last night for feedback. So feedback is not just what you get at the end of an
assessment.

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You also get feedback on a weekly basis in the seminars.

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So I'll guide you towards better ways of doing things or advising you against a particular course of
action.

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So you can get some immediate formative feedback on your ideas, which you can then use to feed
into your assignment later on.
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In terms of what you can expect from me, obviously, weekly online lectures to introduce you to the
model theory and concepts,

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then seminars which will help you to really apply what you've learnt.

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So those are much more you trying out than the theory that we cover in the lectures.

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And that will help you to develop skills in the subject area, which will be invaluable to you for the
future.

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You can also expect me to provide both individual and group feedback as you progress and develop
your skills,

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but you can also come to me for guidance if you're interested in finding out about any particular
topic on the module.

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So my job really is to guide you through all aspects of the module.

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