Learners must demonstrate an ability to consider a range of options and make decisions about:
Identifying and describing the marketing orientation and place of marketing in a given context
The importance of external environments and how to use marketing research when taking a closer look at customers
Identifying and developing a marketing mix for a given context
Controlling marketing plans and understanding ethical marketing
How marketing fits into other functional areas
Demonstrate an understanding of concepts such as resource constraints and scarcity, opportunity cost, absolute advantage, comparative advantage and terms of trade
Distinguishing between different market forms
Explaining the optimizing behaviour of consumers and producers
Explaining the monetary aspects of closed and open economies
The importance of communicating effectively in a business environment
Showing the effective use of communicating verbally, in a group, written and graphic communication as techniques
Addressing business correspondence requirements to a particular circumstance
Utilising inter-cultural communication effectively
The appropriate use of language under different business situations
Defining and describing the management process of planning, organizing, leading and controlling in a given context
Explaining and applying the processes of effective strategic planning and goal setting
Describing the systems approach to managing change and discuss the dimensions of diversity and change within an organization
Analysing the types of managerial decisions and power/authority
Interpretation of legal issues around the law of contracts, sale, lease, credit agreements, insurance, partnerships, labour law, negotiable instruments, agency, suretyship, trade marks, copyright, patents and the maintenance and promotion of the competitions act
Explain the types of statistical methods used for a given context
Recognise applications of statistical methods used in market research
Formulate results and interpret data for a given context using inferential statistical methods
Explain and distinguish between the various forecasting methods
Compute answers using regression analysis
Understanding the role of advertising, personal selling and sales promotion as a form of marketing communications
Understand other forms of marketing communications
Processing, controlling and maintaining an inter-departmental traffic system between all stakeholders
Defining and explaining the concepts of marketing communications and integrated marketing communications
Discussing individual, group, social and cultural influences affecting consumers
Presenting the consumers` decision making model and discussing the output stage
Describing the marketing process including how to plan the marketing process and conduct a marketing audit
Setting marketing objectives and strategies
Discussing various marketing communication plans, including pricing and distribution
Designing and implementing a marketing planning system
Analysing expenditure and income of a business successfully
Discussing and applying time value of money in long and short term financial planning
Discussing the key concepts in planning, forecasting and budgeting sales in both the internal and external environments
Explain the steps in a research process
Explain marketing information and decision support systems with practical examples
Distinquish between surveys, audits and panels
Analyse sample data
Be able to design and analyse a questionnaire
Measure qualitative research in relation to consumer and buyer behaviour and attitudes
Structure and compile appropriate reports
Research global markets and understanding international cultures, including the political and international markets that they operate within
Identify emerging markets and understand market behaviour
Write an international marketing plan
Analyse global distribution with reference to marketing industrial products and services
Explain and interpret the fundamentals of international advertising, promotion, sales and pricing strategies
Discuss all aspects of the marketing mix
Analyse customers, competitors and industry in terms of international marketing
Analyse and forecast all marketing concepts for the given case study
Implement and plan profits of the marketing plan and mix developed
Integrated assessment
Because assessment practices must be open, transparent, fair, valid and reliable and ensure that no learner is disadvantaged in any way whatsoever, an integrated assessment approach is incorporated into the qualification.
Various forms of assessment are used, such as learning, assignments, case studies, projects, tests and examinations.
The IMM`s role, with regard to its education programmes, is that of an examining body. The Examiners are university academics and marketing specialists, who undertake the setting and marking of the various examination papers to required standards. The structure gives considerable attention to workplace application. |