The role of marketing management in organisations is to identify and
measure the needs and wants of consumers, to determine which targets
the business can serve, to decide on the appropriate offerings to serve
these markets, and to determine the optimal methods of pricing,
promoting, and distributing the firm’s offerings. Successful organisations
are those that integrate the objectives and resources of the organisation
with the needs and opportunities of the marketplace. The goal of this
module is to facilitate student achievement of these goals regardless of
career path.
This module addresses how to design and implement the best
combination of marketing efforts to carry out a firm's strategy in its target
markets. Specifically, this module helps to develop the student's
understanding of how the firm can benefit by creating and delivering
value to its customers, and stakeholders, and develop skills in applying
the analytical concepts and tools of marketing to such decisions as
segmentation and targeting, branding, pricing, distribution, and
promotion.