Marketing managers develop the firm’s marketing strategy in detail. With the help of subordinates, including product development managers and market research managers, they estimate the demand for products and services offered by the firm and its competitors.
Marketing managers also identify potential markets. Marketing managers
develop pricing strategy to help firms maximize profits and market
share while ensuring that the firm’s customers are satisfied. In
collaboration with sales, product development, and other managers, they
monitor trends that indicate the need for new products and services,
and they oversee product development. Marketing managers work with
advertising and promotion managers to promote the firm’s products and
services and to attract potential users.
Notes
Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook