Introduction
All managers need to know about the various aspects of marketing and how they impact business life. They will need to know how market segmentation is done. They will need to be familiar with the product diffusion curve. They will need to understand Porter’s five competitive forces model. They will need to be totally familiar with the marketing mix and how pricing strategies are used to enhance the profitability of the business. They will need to be conversant with the AIDA, DAGMAR, and Growth Share Models. They will need to understand product market strategies and how the product life cycle operates.
This course aims to equip managers with practical knowledge of essential marketing concepts and techniques that directly impact business outcomes. Unlike traditional courses laden with theoretical complexities, our approach is straightforward, aligning with the practical needs of managers.
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Course Objectives of MARKETING FOR THE NON-MARKETING MANAGER
- Introduction to the marketing for nonmarketing managerÂ
- Understanding the marketing models and techniquesÂ
- The marketing segmentation and the basis of the family life cycleÂ
- Practical for the segmentation successÂ
- Porter’s five competitive forces
- Marketing models AIDA and DAGMAR
- Familiarization with Marketing Fundamentals
- Comprehensive Knowledge
- Application in Segmentation
- Communication Competence
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MARKETING FOR THE NON-MARKETING MANAGERÂ Course Outlines
Day 1
- Marketing Models and Techniques
- Marketing segmentation
- Segmenting on the basis of the family life cycle
- Using the product diffusion curve for segmentation
Day 2
- Positioning
- Specific types of positioning
- Why segmentation is sometimes not successful
- Practical guidance for segmentation success
Day 3
- Porter’s five competitive forces
- Marketing mix
- Pricing
- Price strategies
- Communication and sales promotion
- Packaging
Day 4
- Stages in designing communications strategies
- Advertising
- AIDA model
- DAGMAR Model
- Branding
- Growth share matrix
Day 5
- Benefits versus features
- Product market strategies
- The product life cycle
- Criticisms of the product life cycle
- Test marketing
Day 6
Consumer Behavior
- Understanding consumer decision-making
- Factors influencing consumer behavior
- Consumer decision-making process
Day 7
Digital Marketing
- Introduction to digital marketing
- Digital channels and platforms
- Social media marketing Search engine optimization (SEO)
Day 8
Market Research
- Importance of market research
- Types of market research
- Data collection methods
- Analyzing and interpreting market research data
Day 9
Global Marketing
- Expanding into international markets
- Cultural considerations in global marketing
- Global marketing strategies
- Challenges of global marketing
Day 10
Ethics in Marketing
- Ethical considerations in marketing
- Social responsibility in marketing
- Building trust and credibility
- Ethical dilemmas in marketing