Dr. Peter M. Sanchez
Professor of Marketing
Office: 3078 Bartley Hall
Voice mail: 610-519-4069
Email: [email protected]
DECISIONS IN MARKETING
M.B.A. 8601
Course Prerequisite: MBA standing
Description: Marketing managerial functions as an integrated business discipline; relationship to organization's goals; societal
constraints. Domestic and international environments. Decision analysis through the use of support tools.
Textbooks: W.D. Perreault and E.J. McCarthy, Basic Marketing: A Global-Managerial Approach, 13th ed., Irwin/McGrawHill, (includes learning aid, Student CD-ROM, and Applications in Basic Marketing).
"Marketing requires separate work, and a distinct set of activities. But, it is a central
dimension of the entire business. It is the whole business seen from the point of its final
result, that is, from the customer's point of view. Concern and responsibility for marketing
must permeate all areas of the enterprise."
Peter Drucker, Management
COURSE OBJECTIVES
This course provides a decision-oriented overview of marketing management in modern organizations. The most basic
objectives of the course are to provide you with a broad introduction to marketing concepts, the role of marketing in society and
in the firm, and the various factors that influence marketing decision making. Like other introductory survey courses, you will be
exposed to and expected to learn the "language of marketing" (that is, terms, concepts, and frameworks) used by practicing
marketing managers. However, it is also expected that by the end of the course you will have a solid understanding of the major
decision areas under marketing responsibility, the basic interrelationships of those decision areas, and an appreciation of how to
apply key frameworks and tools for analyzing customers, competition, and marketing strengths and weaknesses. In combination,
then, the course should help you to develop insight about creative selection of target markets and blending decisions related to
product, price, promotion, and place (i.e., the marketing mix) to meet the needs of a target market. More specifically, at the end
of the course you should understand:
1. The significance of the marketing function in product-oriented, service, and non-profit organizations and how it relates to
the other functional areas of the organization.
2. The basic characteristics of the principal marketing institutions which include marketing middlemen and marketing
faciltators.
3. The formulation of marketing strategies and the procedures for developing, implementing, and controlling marketing mix
programs.
4. The influence of domestic and international environmental factors upon marketing decisions.
5. The technological trends, developments, and forces which have had an important impact upon marketing in recent years.
These objectives can only be achieved through a joint effort. I will work to stimulate your interest and learning in these
areas, but you will be expected to display initiative and a program of self-study as well. In that sense, a complementary objective
of the course is to provide you with an environment that will encourage and reward your own intellectual effort, while
simultaneously maintaining rigorous standards that identify those who are motivated to pursue excellence in their own
educational preparation for a business career.
COURSE FORMAT
Your time during the course will be allocated among a set of interrelated activities:
* independent reading and preparation for tests
* independent preparation of weekly assignments
* on line discussions of course materials and assignments
Part III
GRADES AND EXAMS
Course grades will be based on a weighted composite of performance evaluations in several areas:
1.
2.
3.
1st test
Final Exam
Weekly assignments and participation
40%
40%
20%
Because your grade will be based on a number of different elements, your success in the course does not hinge
on any single outcome. However, your independent reading and study of your text assignments is a core element of the course
and thus it will be a basic contributor to how well you do.
Exams will be essay type "take home" exams and will consist of integrative questions as well as case analysis. Additional
details will be provided later.
You should recognize from the very beginning that there is much more material in your reading assignments, cases, and
related exercises than is possible to cover, repeat, and develop in our chat sessions.
Please keep in mind that being prepared and present for the tests is your responsibility. Approximate dates for tests are
on the schedule and I urge you to mark them on your calendar now. The exact dates for each test will be announced at least two
weeks prior to each test. Missing a scheduled test without prior permission will result in a zero for that test.
Assignments and Participation
Our online discussions will be related to the assigned readings, exercises, cases and computer problems. Some of the
assignments involve a brief set of written notes. For example, when I assign a case, I expect you to prepare a page of notes that
reflect your thinking and key ideas about the case. This need not be in narrative form if you find it more comfortable to create
an outline of bullet points or a summary table of points, etc. However, I'd like these notes to reflect your thinking/conclusions,
and not be just a summary of the "facts" presented in the case. We will typically discuss a portion of all of the assignment
material in class--so you will have instant feedback on your thinking. I will collect the written work from the daily assignments
on an intermittent basis. I check the daily work to see if you are doing the assignment, and I keep a record. However, this is
basically a "check-off" type grading system and I focus primarily on whether you have put a reasonable effort into it more so than
on being picky about the precision of a particular answer. Because that is the nature of the evaluation, and because we will have
discussed the concepts online, I may or may not return the assignments.
Please note that most assignments are due on specific dates. In fairness to the class as a whole, I will need to assess
penalties for late or incomplete assignments.
Villanova's academic integrity policy will be adhered to. It reads as " The Code of Academic Integrity of Villanova
University addresses cheating, fabrication of submitted work, plagiarism, handing in work completed for another course without
the instructor's approval, and other forms of dishonesty. For the first offense, a student who violates the Code of Villanova
University will receive 0 points for the assignment. The violation will be reported by the instructor to the Dean's office and
recorded in the student's file. In addition, the student will be expected to complete an education program. For the second offense,
the student will be dismissed from the University and the reason noted on the student's official transcript."
If you have a disability that may affect your success in this course and wish to discuss academic accommodations, please
arrange to meet with me as soon as possible and not later than the end of the second week of the semester.
III-2
Perreault and McCarthy
Download

Instructor's Manual to Accompany Basic Marketing