• To introduce students to the various marketing mix strategies.
• To familiarize students with the concept of customer equity, managing marketing effort, and assessment of marketing performance.
• To enable students to combine their earlier knowledge in the strategic areas of marketing with that in the tactical marketing strategies to improve their problem solving and decision-making abilities in the real life business situations.
Product Planning and Branding
Marketing Mix Strategy, Product Characteristics and Classifications, Product Levels, Product and Brand Relationships, Concept of Product-Mix, Product-Line Decisions, Branding and Brand Management, Packaging and Labelling, New Product Development Process, New-product Options, Challenges in New-Product Development, Organizational Arrangements, Managing the development Process
Pricing Policies and Strategies
Factors Affecting Pricing Decision, Pricing Methods, Policies and Strategies, Initiating and Responding to Price Changes.
Managing Integrated Marketing Communications
Designing and Managing Integrated Marketing Communications, Advertising, Sales-Promotion, Personal Selling, Social Media Marketing and Digital Marketing.
Designing and Managing Distribution Channels
Role of Marketing Channels, Channel-Design Decisions, Channel-Management Decisions, Channel Integration and Systems, Channel Conflict and Co-operation, Managing Wholesaling
Managing the Marketing Effort
Trends in Marketing Practices, Organizing the marketing Department, Socially Responsible Marketing, Cause Related Marketing, Marketing Organisation, Control of Marketing Operations, Objectives, Benefits and Techniques, Customer Relationship Management, Attracting and Retaining Customers, Building Customer Value, Satisfaction, and Loyalty.
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