MARKETING MANAGEMENT
Objectives:
1. To sensitize the students to the dynamic nature of Marketing Management.
2. To expose students to a systematic frame work of marketing & implementations and to highlight need for
different marketing approaches for services, goods, and for household consumers, organizational buyers.
3. To introduce the concept of Marketing Mix as a framework for Marketing Decision making.
Module-I
Definition & Functions of Marketing, Scope of Marketing, Marketing concept, Sellingversus
Marketing, Concept of Marketing Myopia. 80: 20 Principle, Introduction to the Concept of Marketing
Mix, Bottom of the pyramid concept; Concept of Marketing Environment: Macro and Micro, Need for
analyzing the Marketing Environment.
Module-II
Market segmentation, Bases for market segmentation, Targeting , Positioning; Meaning & importance
of consumer behavior, Comparison between Organizational Buying behavior and consumer buying
behavior, Buying roles, Five steps buyer decision process.
Contemporary Topics: Viral Marketing, Guerrilla Marketing, Societal and social Marketing,
Relationship Marketing, Green Marketing , Digital Marketing, Network Marketing ( Concepts only)
Module- III
Product: Classification of consumer products and industrial products, Product Mix, New
Product Development Process: Idea Generation to commercialization. Product Life Cycle, Strategies
across stages of the PLC.
Packaging & Labeling, Basic concept of Branding
Pricing Basics: Meaning, Importance of pricing, Factors Influencing pricing decisions., Pricing strategies
and approaches
Place: The Role of Marketing Channels: Channel functions & flows, channel levels. Channel conflicts
and resolution (Overview only)
Channel Options: Introduction to Wholesaling, Retailing, Franchising, Direct marketing, ECommerce
Marketing Practices.
Promotion: The role of marketing communications, Elements of promotion mix, IMC approach
(Overview)