Identification Prerequisites Language Compulsory/Elective Required Textbooks and Course Materials Course Website Course Outline Subject (code, title, credits) Department Program (undergraduate, graduate) Term Instructor E-mail: Phone: Classroom/hours MKT 301 – Principles of Marketing– 3 credits Economics and Management Undergraduate (BBA) Fall, 2015 Sana Imran sana_ahd@yahoo.com Monday12:10-15:00, Room 407 41 Mehseti street (Neftchilar campus), Khazar University Office hours MGT 310 English Required Core Textbook: Principles of Marketing, Kotler & Armstrong, Thirteenth Edition, Pearson International Edition, 2010 Supplementary Textbook: Marketing Management, Kotler & Keller, Thirteenth edition, Pearson International Edition, 2009 This course combines traditional face-to-face classes with online learning. The course management platform Moodle is used to provide a wide range of resources to support learning. And all course related materials including, but not limited to, syllabus, supplementary readings, course announcements, cases and assignments are available only at the course website http://www.khazar.org/moodle. Grades will also be posted on Moodle. The students are expected to check it on a regular basis and communicate with the lecturer only via Moodle. In this course, the marketing process and range of marketing decisions that an organization must make in order to sell its products and services will remain as the focal point. As a student, one will start thinking as a marketer, identifying; that the focus of a marketer always remains the consumer. Questions like, "Who is the consumer of goods and services?” What does the consumer need? Is it different from consumer’s want? will come to the surface. Marketing involves a set of activities that can broadly be summed up as follows: Creation of products and services that consumers need. Create a value proposition that is to be communicated to the consumer. Delivering products and services that consumer deems valuable. Exchanging value for those offerings. Course Objectives The aim of any marketing activity is primarily to create value for the customers and capture value from customers in return. The main area of focus of the course will remain understanding customer needs, designing customer driven marketing strategies, building customer relationships and understanding the major trends and forces affecting customer relationships. The primary course objectives are: 1. To analyze the basic market – Analysis will include primary customer, company and competitor. 2. To introduce the elements of Marketing Mix. 3. To expand the knowledge base of students regarding current marketing situation. Through case studies of market giants and failures, analytical ability of students will be groomed. Learning Outcomes At the end of this course, students should be able to: 1. Analyze the primary sources and secondary sources of information regarding customer behavior and preferences. 2. Following key concepts will be thoroughly studied: Customer behavior. Market segmentation. Target market selection. Positioning. Brand equity. Marketing mix – Product, Price, Place & Promotion. 3. Measurement and Evaluation of Market performance. 4. Identify and integrate market mix elements into a comprehensive practical marketing plan Course Team Project Teaching methods Evaluation Policy The course project is designed in a way that it offers students to apply the learned concepts and marketing methods in practical world. The execution of the project will be set in real time environment in order to understand the complexities of the real marketing environment. The project will be done in groups. The group size will be between 4-6 (dependent on class size) The marketing plan will be provided to the students in the third session. It will involve the following:1. The group will come up with an idea of product or service that will be introduced in the market. The product/service could be an innovation or revamped product / services. All the marketing mix elements will be decided upon by the students. 2. Each group is then required to do the following to complete the project: Create a marketing plan based on the outline provided in the class. Analysis of the current situation, marketing environment, market segmentation, targeting and positioning of the product/service. All the marketing mix elements – Product, Price, Place and Promotion to be decided and illustrated in the report. 3. A group presentation will be made the group in the last class. The duration of the presentation will be between 10-12 minutes. The report will be submitted by the students at the beginning of the final class. 4. Assignments / reports submitted by email will not be accepted under any circumstances. Lecture Group Discussion Experiential Exercise Case analysis Simulation Course Paper Others x x x x Methods Date/deadlines Percentage (%) Midterm Exam 25 Case Studies and Activity 5 Class Participation 5 Quizzes 10 Project 10 Presentation / Group 5 Discussion Final Exam 40 Others Total 100 Class participation shall mean active participation i.e. asking and answering the question, contribute with insights and feedback, and demonstrate willingness and dedication to be part of an overall class discussion. Class attendance shall mean physical presence in the classroom which should be 85%. Group presentation shall mean presentation delivered by a group of students in a team work spirit by analyzing the chapters assigned in an interactive academic way. Make-up Exams As the Quiz measures the students' current preparation for the class, Make-Ups are not permitted. If you miss the final with a valid excuse, you must make it up the following term. If you do not have a valid excuse for missing an exam, it will count as a zero. In order to be excused from the exam, the student must contact the instructor before the exam. If you cannot reach the instructor, leave a message with the department secretaries. Excuses will not be granted for social activities such as non-business trips, cruises, and trips to sporting events (unless you are participating). Withdrawal (Pass / Fail) This course strictly follows grading policy of the School of Economics and Management. Thus, a student is normally expected to achieve a mark of at least 65% to pass. In case of failure, he / she will be required to repeat the course the following term or year. Week Cheating / Plagiarism Cheating or other plagiarism during the Quizzes, Mid-term and Final Examinations will lead to paper cancellation. In this case, the student will automatically get zero (0), without any considerations. Professional Behavior Guidelines The students shall behave in the way to create favorable academic and professional environment during the class hours. Unauthorized discussions and unethical behavior are strictly prohibited and will be charged. Tentative Schedule Topics Date/Day (tentative) Discussion on course and requirements 1 2 16-9-15 23-9-15 Creating and Capturing Customer Value. Company Marketing Strategy: Partnering to Build Customer Relationships. Quiz 1. Discussion on The Marketing Process and Analyzing The Marketing Environment. Case # 1; Case # 2 Textbook/Assignments Chapter 1 & 2 Reading Assignment – Marketing Environment Chapter 3 Reading Assignment Managing Marketing Information to Gain Customer Insights. Allocation of Class Presentations Chapter 4 Quiz 2. 3 4 30-9-15 7-10-15 Managing Marketing Information to Gain Customer Insights. Reading Assignment- Consumer Markets and Consumer buyer Behavior. Case # 3. Case Study Consumer Markets and Consumer Buyer Behavior. Chapter 5& 6 Business Markets and Business Buyer Behavior. Case # 4. Customer-Driven Marketing Strategy, Creating Value for Target Customers. 5 14-10-15 Products, Services and Brands: Building Customer Value. Case # 7 Reading Assignment Customer Driven Marketing Strategy Chapter 7& 8 Case Analysis Reading Assignment-New Product Development Quiz 3 on reading assignment. 6 21-10-15 New Product Development And Product Life Cycle Strategies. Chapter 9 Group Presentation on New Product Development And Product Life Cycle Strategies. 7 28-10-15 8 4-11-15 9 11-11-15 Midterm Exam Chapter 1 – 9 Pricing Strategies-Overview Chapter 10 Understanding and Capturing Customer Value Pricing Strategies. Group Presentation on Pricing Strategies Chapter 10 & 11 Reading Assignment-Place Decisions Case Study # 9; Case # 10 Quiz 4. on reading assignment 10 18-11-15 Marketing Channels: Delivering Customer Value. Retailing and Wholesaling. Group Presentation on Marketing Channels. Case # 10; Case # 11 Communicating Customer Value: Integrated Marketing Communications Strategy. 11 25-11-15 Group Presentation on IMC Case # 12; Case # 13 Quiz 5. Advertising and Public Relations. Case # 14 12 2-12-15 Group Presentation on Advertising Personal Selling and Sales Promotion Case # 15 13 9-12-15 Group Presentation on Personal Selling & Sales Promotion 14 16-12-15 Direct and Online Marketing: Building Direct Customer Relationships. Creating Competitive Advantage. Chapter 12 & 13 Reading Assignment Integrated Marketing Communications Strategy Chapter 14 Reading Assignment Advertising and Public Relations. Chapter 15 Reading Assignment – Personal Selling and Sales Promotion Chapter 16 Reading Assignment – Direct and Online Marketing Chapter 17 & 18 15 23-12-15 16 TBA Case # 16 Chapters Reviewing Case #17; Case # 18 Final Exam Chapters 10 - 18