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There are 4 modules in this course
Marketing Mix Fundamentals prepares you for arguably the most important stage of bring your product to market - how and where are you going to market it? It sets out a detailed introduction to the four P’s of Marketing (Product, Pricing, Place and Promotion), this course forces you to strategically analyze your product and/or service.
The Product session is designed to provide you with the knowledge to understand and manage the strategic role of brands and products in generating business results, whilst the focus on Pricing will cover the main concepts and techniques to formulate prices. Compliment this with skills from the “P” session Place, where you consider channels and retail strategies with the overriding objective of defining a distribution strategy for your product or service. Finally, through the Promotional activities (Communication) session, explore the different communication channels available and understand the importance of the media plan, dealing specifically with social media and omni-channel strategy.
IE Professors Maria Teresa Aranzabal and Fernando Cortiñas will guide you through this incredibly important stage of marketing strategy using expert interviews with industry professionals. After this course you will be ready to decide where and how you want to market your product.
At the end of this module, you will understand the elements that encompass a product, including levels, lines and life cycles of a product. You will also understand the role it's life cycle plays in developing a winning product strategy, as well as various ways to categorize products/services.
What's included
10 videos6 readings1 assignment
Show info about module content
10 videos•Total 59 minutes
Course Trailer•1 minute
Marketing Warfare: Intro to the Course•5 minutes
What is a Product? Product Definition and Product Levels•9 minutes
Product & Service Decisions•4 minutes
What is a Brand?•7 minutes
The Product Life Cycle•7 minutes
Planned Obselescence•6 minutes
Product Strategy Matrices: BCG Matrix•8 minutes
Product Strategy Matrixes: McKinsey/General Electric Matrix•8 minutes
Here's the Truth about the Planned Obsolescence of Tech•10 minutes
BCG Classics Revisited: The Growth Share Matrix•10 minutes
Enduring Ideas: The GE-McKinsey Nine-Box Matrix•10 minutes
Product Policy: 6 Essential Components of a Sound Product Policy•10 minutes
1 assignment•Total 30 minutes
Graded Quiz•30 minutes
Price and Pricing Policy
Module 2•2 hours to complete
Module details
At the end of this module you will have taken away an overview of price and the various factors that affect it. You will also be able to use various approaches to strategically price products and services.
General Pricing Approaches 1: Cost-Based•7 minutes
General Pricing Approaches 2: Value-Based•7 minutes
2 readings•Total 20 minutes
Methods to Price Your Product•10 minutes
Pay-per-laugh: Customers charged exactly for what they "consume"•10 minutes
1 assignment•Total 30 minutes
Graded Quiz•30 minutes
Channel Management and Retailing
Module 3•2 hours to complete
Module details
At the end of this module you will know the steps to designing and managing a distribution channel. You will also be able to distinguish the various types of distribution channels and conflicts that arise among them, as well as ways to combat these conflicts. You will also understand the current nature, structure, key players, and future of trade marketing.
What's included
10 videos3 readings1 assignment
Show info about module content
10 videos•Total 66 minutes
Why are Marketing Channels so Important?•6 minutes
Key Factors in Designing a Distribution Channel•6 minutes
How to Manage Channels and Resolve Conflict•6 minutes
The Nature of Trade Marketing•4 minutes
How is Trade Marketing Evolving?•5 minutes
Expert Interview: Sixto Collazo, International Director of Loewe Perfumes S.A. (LVMH)•13 minutes
Important Developments in Retailing•7 minutes
Retail Strategy and Multichannel Retailing•6 minutes
Global Growth Opportunities and Entry Strategies•7 minutes
The Emergence of Online Retail Channels•7 minutes
3 readings•Total 30 minutes
Strategic Channel Design•10 minutes
Three Rules for Buiding the Modern Retail Organization•10 minutes
At the end of this module you will be able to construct and manage your own Marketing Communication Mix, after having understood its role and importance in the Marketing Mix as a whole. You will also know how to construct, manage and evaluate advertising and media promotion.
What's included
13 videos5 readings1 assignment
Show info about module content
13 videos•Total 111 minutes
The Role of Marketing Communications•7 minutes
Developing Effective Communications•9 minutes
Establishing the Marketing Communications Budget•8 minutes
Deciding on the Marketing Communication Mix•8 minutes
Managing the Integrated Marketing Communications Process•5 minutes
Expert Interview: José María Rull, President and CEO of DDB Spain•13 minutes
Managing Media and Evaluating Effectiveness•7 minutes
Developing an Advertising Program•10 minutes
Sales Promotion, PR, Events and Experiences•9 minutes
Direct and Interactive Marketing•9 minutes
Developing the Sales Force•6 minutes
Expert Interview: Gabriel Saenz de Buruaga, Founder and Co-CEO of WINK, Transforming Through Digital•18 minutes
Trailer: The Marketing Plan•1 minute
5 readings•Total 50 minutes
Recommended Reading: Designing and Managing Marketing Communications•10 minutes
How Advertising Works: What Do We Really Know?•10 minutes
Managing Brands for the Long Run•10 minutes
A Strategic Perspective on Sales Promotions•10 minutes
Recommended Reading: Integrated Advertising, Promotion, and Marketing Communications•10 minutes
1 assignment•Total 30 minutes
Graded Quiz•30 minutes
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IE Business School is an internationally recognized business school where the leaders of tomorrow shape their ideas and learn to become global citizens. For over 40 years, IE Business School has promoted innovation and change in organizations, equipping managers with an entrepreneurial mindset that generates employment, wealth, and social well-being.
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Is financial aid available?
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