When you enroll in this course, you'll also be enrolled in this Specialization.
Learn new concepts from industry experts
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There are 4 modules in this course
In this course, you will further examine how businesses create value for customers. In Developing a Winning Marketing Strategy, you learned the major elements of the marketing mix - product policy, channels of distribution, communication, and pricing - and saw how they fit within different analytical frameworks that are useful to managers. In this course, you will complete a more detailed analysis of these elements in order to conduct a thorough strategic analysis of marketing opportunities and to communicate marketing decisions. This will enable you to see “marketing in action” in the business world.
You will be able to:
• Define all elements of the marketing mix and explain the role each element plays in creating value
• Compare different pricing models
• Evaluate the use of different channels of distribution by existing businesses
• Critique advertising execution
• Create a persuasive advertising piece
This course is part of Gies College of Business’ suite of online programs, including the iMBA and iMSM. Learn more about admission into these programs and explore how your Coursera work can be leveraged if accepted into a degree program at https://degrees.giesbusiness.illinois.edu/idegrees/.
You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course.
In module 1, you will see that behind every successful brand is a strong product and effective product strategy. Products can be of different types and have different levels. Companies must make appropriate decisions regarding the product mix. This module will provide you with insights into all of these concepts and also introduce the different stages of the product life cycle.
Professor Noel's Board Walk: Product Mix Decisions•8 minutes
8 readings•Total 90 minutes
Syllabus•10 minutes
About the Discussion Forums•10 minutes
Glossary•20 minutes
Brand Descriptions•10 minutes
Online Education at Gies College of Business•10 minutes
Updating Your Proflie•10 minutes
Module 1 Overview•10 minutes
Module 1 Readings•10 minutes
9 assignments•Total 67 minutes
Orientation Quiz•30 minutes
Practice Quiz Lesson 1.1•1 minute
Practice Quiz Lesson 1.2•1 minute
Practice Quiz 1.3•1 minute
Practice Quiz Lesson 1.4•1 minute
Practice Quiz Lesson 1.5•1 minute
Practice Quiz Lesson 1.6•1 minute
Practice Quiz Lesson 1.7•1 minute
Module 1 Quiz•30 minutes
1 discussion prompt•Total 10 minutes
Getting to Know Your Classmates•10 minutes
1 plugin•Total 15 minutes
Welcome! Please Tell Us About Yourself•15 minutes
Module 2: Delivering Value (Place)
2 hours to complete
Module details
In this module, you will learn what is meant by the term distribution and its importance for companies. We will explore the different channel strategies and channel decisions that marketers need to make based on the product or service they are offering.
What's included
7 videos2 readings8 assignments
Show info about module content
7 videos•Total 75 minutes
What is a Distribution Channel?•9 minutes
Lesson 2-2: How Channel Members Add Value?•7 minutes
Channel Design•14 minutes
Channel Management•10 minutes
Disintermediation•12 minutes
Disintermediation in Action•16 minutes
Professor Noel's Board Walk: Zara Supply Chain (Distribution Channel)•8 minutes
2 readings•Total 20 minutes
Module 2 Overview•10 minutes
Module 2 Readings•10 minutes
8 assignments•Total 37 minutes
Practice Quiz 2.1•1 minute
Practice Quiz Lesson 2.2•1 minute
Practice Quiz Lesson 2.3•1 minute
Practice Quiz Lesson 2.4•1 minute
Practice Quiz Lesson 2.5•1 minute
Practice Quiz Lesson 2.6•1 minute
Practice Quiz Professor Noel's Board Walk•1 minute
Module 2 Quiz•30 minutes
Module 3: Capturing Value (Pricing)
2 hours to complete
Module details
An important element of the 4 Ps is Pricing. While all the other Ps focus on creating value, pricing helps companies to extract the value created. In this module, you will learn about pricing in marketing and the different considerations and steps involved in the pricing process.
What's included
6 videos2 readings5 assignments
Show info about module content
6 videos•Total 63 minutes
What is it Worth to You?•14 minutes
Customized Pricing Strategy•11 minutes
Consumer Psychology and Pricing•12 minutes
Setting Price - The Impact of Demand and Elasticity•9 minutes
Lesson 3-5: Initiating and Responding to Price Change•5 minutes
Professor Noel's Board Walk: New Product Pricing Strategy•12 minutes
2 readings•Total 20 minutes
Module 3 Overview•10 minutes
Module 3 Readings•10 minutes
5 assignments•Total 64 minutes
Practice Quiz Lesson 3.1 •1 minute
Practice Quiz Lesson 3.2•1 minute
Practice Quiz Lesson 3.3•2 minutes
Practice Quiz Lesson 3.4•30 minutes
Module 3 Quiz•30 minutes
Module 4: Communicating Value (Promotion)
4 hours to complete
Module details
A strong brand allows companies to distinguish themselves from their competitors in their target market. To build a strong brand, marketers need to ensure that their messages to consumers are clear and consistent. In this module, we will learn how Integrated Marketing Communications (IMC) help companies achieve this objective.
Professor Noel's Board Walk: Evaluating Advertising •6 minutes
Discussions with the Experts Steve Raquel•10 minutes
Learn on Your Terms•1 minute
2 readings•Total 20 minutes
Module 4 Overview•10 minutes
Module 4 Readings•10 minutes
1 assignment•Total 30 minutes
Module 4 Quiz•30 minutes
1 peer review•Total 120 minutes
Module 4 Peer Review Assignment•120 minutes
1 plugin•Total 15 minutes
How Was the Course?•15 minutes
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Build toward a degree
This course is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
View eligible degrees
Build toward a degree
This course is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
¹Successful application and enrollment are required. Eligibility requirements apply. Each institution determines the number of credits recognized by completing this content that may count towards degree requirements, considering any existing credits you may have. Click on a specific course for more information.
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When will I have access to the lectures and assignments?
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What is the refund policy?
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Is financial aid available?
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What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.