What is the scope of MBA in Marketing Management?
Marketing management specialists are in high demand as they play a crucial role in building and engaging the customer base, besides creating innovative strategies that promote the long-term growth of a company
Marketing is an integral part of every business organisation. The success of a venture is directly impacted by marketers — from the analysis of markets and consumers to the branding and selling of products.
Marketing management determines the direction of purposeful activities that leads to the attainment of marketing goals. The process is required to build a suitable marketing-mix to accomplish the objectives of the business. It involves planning, organising, directing, and controlling the marketing activities.
An effective marketing management process aims to maintain and develop profitable and long-lasting relationships with customers. One of the key responsibilities of every business owner and marketing manager is to initiate the marketing management process in a customer-driven and dynamic environment.
Is Marketing Management a good choice?
In today’s world, marketing is a significant aspect of the business since a firm’s financial success largely depends on marketing. Therefore, no firm today can ignore the importance of marketing.
Marketing management is a rewarding profession as it offers diverse career opportunities and the number of positions in each field varies. Career options in marketing management include sales, branding, marketing analyst, public relations, advertising, customer relationship, sales, and distribution of products or services.
What is Marketing Management used for?
Marketing management refers to planning, organising, directing, and controlling the activities which facilitate the exchange of goods and services between producers and consumers or users of products and services. Successful marketing managers are key executives in formulating the overall business strategy.
What are the benefits of an MBA in Marketing Management?
With accelerating technological advancements in the world, the marketing trend is evolving and transforming rapidly. No matter how many tech revolutions alter the world, marketing will continue to be the core of any business. Companies will always need to sell their products or services and attract the attention of their target audience. This is the main reason why marketing is an exciting field of study and companies are investing a lot to identify novel ways of marketing their goods and services.
With competition becoming fiercer than ever before, businesses are always on the lookout for bright young marketers who can come up with unique ideas and solutions. MBA in marketing delves deep into market research, market trends, market forces, consumer behaviour, brand management, consumer psyche, and even economy and finances. Organisations look for professionals who analyse and study new trends.
Marketing is a field that applies to almost all industries – coal, petroleum, electricity, retail, garments, medicine, banking, hospitality, food, and even education. This makes a marketing management degree relevant to every single vertical of business. MBA in Marketing Management has become one of the most preferred degrees among students and professionals.