Institute of Commercial Management | Qualification Subject

Marketing Strategies

ICM Professional Diploma Unit

Marketing Strategies aims to equip Learners with an understanding of the fundamentals and design of marketing strategies and how to research and analyse markets.

Main Topics of Study:

Fundamentals of Marketing Strategies 

  • The foundations of strategic planning
  • The strategic marketing plan 
  • The marketing planning process 
  • The 6Ps of marketing

Analysing Marketing Opportunities

  • Marketing information systems and marketing research
  • Analysis of the marketing environment
  • Analysis of the consumer markets and buyer behaviour
  • Analysis of the business markets with organisational buying behaviour
  • Competitor analysis 

Researching and Selecting Target Market

  • Measuring and forecasting market demand
  • Identifying market segmentation and selecting target markets

Designing Marketing Strategies

  • Marketing strategies for differentiating and positioning the marketing offer
  • Developing, testing and launching new products and services
  • Managing the product life cycle
  • Methods of international market entry
  • International marketing programmes

Example Candidate Response Booklet

Example Candidate Response (ECR) Booklets are a source of crucial information for Centres and Candidates as they use real candidate responses. We ask Senior Examiners to comment on five or more responses in terms of why the mark was awarded with commentary about how to improve the answer (if necessary).

Recommended Reading

Main Text:

Kotler, P.,  Keller, L. & Chernev, A. (2021). Marketing Management (Global Edition. 16th ed. Upper Saddle river NJ: Pearson

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Kotler, P., & Keller, L. (2015). Marketing Management. 15th ed. Upper Saddle river NJ: Pearson

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Hooley, G. et al. (2020). Marketing Strategy and Competitive Positioning. 7th ed. Upper Saddle river NJ: Pearson

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Monk, K. (1988). Go International, London: McGraw Hill

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Lancaster, G., & Massingham, L. (2001).Essentials of Marketing. 4th ed. London: McGraw Hill

Indicative Text:

Alternative Text and Further Reading: