S Y L L A B U S Business to Business Marketing (MBAC 663) Instructor: Dr. Annie H. Liu Office & Hours: Hilton #321; Monday 12-1; 2-3, & Wednesday 12-1; 2-5 Phone/E-mail: (310) 338-3039; aliu@lmu.edu Texts James C. Anderson & James A. Narus (1999), Business Market Management: Understanding, Creating, and Delivering Value, Prentice Hall. Course Objectives 1. Develop a basic understanding of the concepts and frameworks of business market management. 2. Develop critical analysis and problem-solving abilities with respect to business market management 3. Gain a first-hand understanding of working relationships within and between firms in business markets. Evaluation Participation. Each student must be prepared to thoroughly discuss each case. This demonstrated ability will be a heavy determinant of each student’s class participation grade. Since case write-ups will not be collected for grades (although I strongly recommend the exercise), verbal case discussions in class indicate your commitment & leaning. Students are expected to contribute to case discussions and are encouraged to actively share ideas & issues that are relevant to cases & chapter objectives. Bonus points will be assigned to those who make organized & systematic presentation on relevant ideas & current issues. The purpose of this presentation is to further stimulate classroom discussions. As such, presentation should be limited to 15 minutes & discussion questions should be integrated. Case Presentation/Discussion. Everyone (in a group of 2) is required to present & lead the discussion of 1 assigned case study. Each group should plan on a 20-30 minute presentation, and another 20 minutes for activities and Q&A to stimulate class participation and discussion. Be creative and involve class in your presentation/discussion. Boring presentations or unprepared discussions are not acceptable! Presentation grades will be based on: (1) identifying critical issues & exploring options/solutions (including necessary financial analysis and conceptual issues to support your options), (2) tying your solution to chapter objectives & concepts (3) stimulating class participation through planned activities & Q&A, and (4) professional presentation & communication. Exams. Exams will require the analysis of a case. 2 Exams will be given. Exam cases & questions will be given the week prior to the exam date. Exams must be turned in to my office by 7 PM on the exam date. Exams should be typed and should not exceed 10 pages. Grading Procedure Participation Case Presentation Exam 1 Exam 2 Group Project Project Presentation Bonus presentation 15% 15% 20% 20% 20% 10% 100% 2% Tentative Class Schedule Date Topic Reading (before class) 1 August 28 Business Market Management September 4 Project Research – Company Background & Group Member September 11 3 September 18 September 25 October 2 Company Background & Group Member – DUE Market Sensing & Understanding Firms as Customers CASE: Bose Corporation Crafting Market Strategy CASE: Marketing at Bain & Company Managing Market Offerings CASE: Cumberland Metal Industries EXAM 1 - DUE October 9 6 October 16 October 23 New Offering Realization CASE: Guidant (A) “Can This High-Tech Product Sell Itself?” Business Channel Management CASE: S.C. Johnson and Son, Limited Project Research October 30 10 November 6 November 13 Customers Relationships (Guest Speaker) CASE: SaleSoft, Inc. (A) Reseller Relationships CASE: Atlas Copco (A) EXAM 2 – DUE November 20 Project Research November 27 December 4 Project Papers – DUE 11/27 Project Presentations Project Presentations 4 5 7 9 General Policies * NO late assignments will be accepted. * NO make-up exams or in-class exercises will be given. You are expected to do original work for all assignments, including cases, exams, and projects. Students are responsible for their own conduct and all cases of dishonesty will be reported to the proper university officials. Please do not put yourself in an embarrassing or unfortunate situation. All written assignments must be well organized using an interesting writing style that is grammatically correct (regardless of what your native language is). Expect a severe grade reduction for poor grammar. Working Relationship Group Research Project Purpose The purpose of this project is for you to gain better understanding of and insight into working relationships between firms in business markets. This will be accomplished through your group conducting a set of personal interviews with a supplier firm about problems that it is experiencing in its relationships. The supplier firm can be either a manufacturer or a distributor. The firsthand experience that you will gain in this research place you far above the typical student in your understanding of business marketing. Procedure Your group will want to gain multiple perspectives on the selected firm’s working relationship strategy and problems. Therefore, you will need to interview several individuals within the firm that you consider most germane. To foster multiple perspectives and promote candor, the interviews should be conducted sequentially. Avoid interviewing the research participants together. Ensure the respondent that his/her responses will be held in strictest confidence and that you group upholds this confidence. Do not interview others outside the firm, such as customers, without the explicit permission of the firm. The actual content of the paper should include these sub-titled sections: 1. Company and Industry Background. Give a brief description of the nature of the firm’s business, the technology employed and size of the firm (or business unit, if applicable). Briefly describe the industry in terms such as number of competitors , the number of enduser markets served, and the firm’s position within the industry. The names, titles, company addresses and telephone numbers of individuals should be provided in an Appendix to your paper. 2. Market Strategy, Value Assessment, and working Relationship Strategy and Practice. Briefly describe the firm’s market strategy. What segmentation approach, if any, does it employ, and how does its offering vary by market segment? What, if any, value assessments does the firm do? How does the firm gain an understanding of the value it provides to customers and how this value varies across customer characteristics such as application, capabilities and usage situation? Briefly describe the firm’s working relationship strategy. How, if at all, do the firm’s working relationship strategy and practices vary across customer accounts and market segments? 3. Working Relationship Problems. What recent or recurring problems has the firm had in building or sustaining working relationships? Conclude this section with the specific working relationship problem that is of special interest to your group and on which the remainder of the research paper will focus. Briefly relate why this is a problem for the firm and what is its significance. 4. Alternatives and Analysis. What alternative ways of solving this problem has the firm considered? What, if any, additional ways can your group offer? In discussing each alternative, provide an analysis of it. This entails marshaling supporting evidence (as well as consideration of any contrary evidence) to provide a compelling rational for resolving the problem. Integrate within this analysis germane concepts from the course readings, particularly how better understanding, creating, or delivering value could help the firm resolve its problem. 5. Recommended Actions. What specific, implementable course of action should be taken in addressing the identified problem? A cogent rationale that supports your recommendations and that rules out alternative courses of action should be provided. Implementation of these actions must be made apparent to the reader. Finally, a means or method for feedback must accompany these. 6. Appendices. Directly useful, adjunct material such as computations, lengthy anecdotes, and detailed lists which do not appear in the text should be included in appendices. Appendices should be labeled alphabetically in the order in which they are cited. Note carefully, though, that the text of the research paper must be able to meaningfully stand alone. 7. Executive summary. A one-page, single-spaced executive summary of your research paper should be included in the beginning of the paper. In addition, this summary will be distributed to the class prior to your presentation of the paper, so make enough copies for each student to have one. Be sure to include your group members’ names. Timing & Format of the Research Paper Submit the name of your firm and its brief history by September 11th for approval. This should include the names, titles, company addresses and telephone numbers of individuals your group intend to contact. Late submission of or changing company in the later day will result in one lower grade. The completed paper with the interview dialog should be turned in by November 27th. It is your responsibility to coordinate among your group members to complete your project by the due date. Keep a copy of your paper and presentation for your own record. Papers will not be returned. The completed paper should include Table of Contents, 10 to 12 pages of Content (double-spaced, 12pt. Times New Roman, 1 inch margin), a complete References (check end of each chapter for the exact format) and, any relevant Figures / Tables / Pictures in Appendix. LATE PROJECTS WILL NOT BE ACCEPTED. Peer Evaluation will be integrated for case presentation & for research project, respectively. Individuals receive zeros for case or project from group members will also receive a zero for case or project will also for project. Peer Evaluation Form -- Project Presentation Please specify (in terms of percentages) the relative allocation of work/effort/commitment that you & your partners devoted to your group project. The percentages must sum to 100%. For example, in a fourperson group, if each partner devoted an equal amount of effort to the project, assign each partner 25%. My Name:_____________________________________ Partner1: ______________________________________ Partner2: ______________________________________ Partner3: ______________________________________ Total Percentage Allocated _____________ _____________ _____________ _____________ 100% Peer Evaluation Form -- Case Presentation Please specify (in terms of percentages) the relative allocation of work/effort/commitment that you & your partners devoted to your case presentation. The percentages must sum to 100%. For example, in a four-person group, if each partner devoted an equal amount of effort to the project, assign each partner 25%. Percentage Allocated My Name:_____________________________________ _____________ Partner1: ______________________________________ _____________ Partner2: ______________________________________ _____________ Partner3: ______________________________________ _____________ Total 100%