What is the Difference Between Marketing and Marketing Management?

What Is the Difference Between Marketing and Marketing Management?
With all of the different marketing terms within the area of marketing, they can all start to sound quite similar. Marketing vs marketing management are examples of terms that can seem similar and interchangeable. Though similar sounding, there is a difference between marketing and marketing management. However, each marketing department will need both to function well.
So what is the difference between marketing and marketing management? Marketing is the collection of activities that reach customers with information about your product. Marketing management is the business practice of overseeing marketing functions. Marketing refers to the public-facing activities, whereas marketing management refers to internal activities that keep the marketing activities maximized and moving forward.
It might help to consider a few examples of each term. Marketing includes activities like the following:
- Sending email newsletters to prospective clients
- Posting on social media with a discount code for future purchases
- Hosting a webinar on a topic that interests your clients
- Designing pamphlets to hand out at an event
- Conducting market research to determine the ideal target audience
On the other hand, marketing management includes activities like these:
- Managing annual budgets and staff resources
- Setting goals and objectives for the marketing department
- Creating the marketing plan for the year
- Monitoring marketing analytics to determine whether to make adjustments to the marketing plan
- Ensuring marketing activities remain within their set scope and remit and realigning them where necessary
- Coordinating teams where overlap for marketing activities is present
Marketing management usually has a role in every marketing activity in some way, but marketing managers probably won’t be tasked with carrying out the day-to-day marketing activities. Instead, they will help oversee the bigger picture of how the marketing department functions and how well the marketing team is delivering on their goals and objectives.
The seven functions of marketing include marketing information management, promotion, selling, pricing, product management, financing, and distribution. These marketing functions are important because they each play a role in your organization’s ability to create and implement a successful marketing strategy.
A marketing channel is used by marketers to publicize and disseminate information about the company and its products and services for the target audience. The 11 most effective marketing channels are content marketing, SEO marketing, pay-per-click (PPC) marketing, external signage marketing, word of mouth marketing, event marketing, social media marketing, website marketing, print marketing, email marketing, and video marketing.
A marketing lead is a person or organization who has taken action to interact with your company or has the potential to be a future customer. A marketing qualified lead (MQL) involves a potential customer showing curiosity about your products and services, while a sales qualified lead (SQL) demonstrates a concrete intent to purchase your products and services.
A marketing funnel is the process of converting an individual who visits your website or store into a paying customer, through lead generation, lead nurturing, and sales. Marketers will plan and execute campaigns to garner interest in the product, and when the customer shows said interest, they will be given more personalized product information that could lead to a purchase.
A marketing system is a strategy to complete repeatable marketing tasks and projects in a manner that saves time and boosts efficiency. Marketers tend to use marketing systems when engaging in actions such as speaking to customers, setting up social media campaigns, collaborating with influencers, and sending out mail to current customers.
