SEE CARMEN FOR LATEST BUSINESS MARKETING & LOGISTICS 450/3150 FOUNDATIONS OF MARKETING Melissa Fisher Office hours: by appointment – EMAIL to schedule Website: Carmen.osu.edu 250 Fisher Hall fisher.935@osu.edu Required Text: Marketing (M), 2nd, Grewal & Levy Slides can be downloaded from Carmen course site. Please bring slides for several classes as we will discuss them in order but may move ahead of the following schedule. Tentative topics and dates: Topic – check topics carefully as chapters vary between the books 1 8/23 Introduction to Course, Marketing, Environment 2 8/28 Introduction to Course, Marketing, Environment 3 8/30 Consumer Behavior 4 9/4 Segmentation and Targeting 5 9/6 B2B Marketing 6 9/11 Product Overview 7 9/13 Product Overview 8 9/18 1st EXAM 9 9/20 NO CLASS 10 9/25 Product Management 11 9/27 Product Management 12 10/2 Services Marketing 13 10/4 Personal Selling 14 10/9 SPEAKER – TBD 15 10/11 Marketing Communications, Advertising, PR, Promo 16 10/16 Marketing Communications, Advertising, PR, Promo 17 10/18 Marketing Communications, Advertising, PR, Promo 18 10/23 Channels 19 10/25 2nd Exam 20 10/30 Retailing 21 11/1 Retailing 22 11/6 SPEAKER – TBD 23 11/8 Pricing 24 11/13 Pricing 25 11/15 Global Marketing 26 11/20 Global Marketing 27 11/22 TG – NO CLASS 28 11/27 Info. for Marketing Decision Making/Research 29 11/29 Info. for Marketing Decision Making/Research 30 12/4 3rd EXAM FIN All makeups will take place during finals slot - All makeups are ALL essay *Subject to change. Speakers’ schedule may necessitate revision. Class Date Chapters – check topic names 1, 4 1, 4 Chapter 5 Chapter 8 Chapter 6 Chapter 10 Chapter 10 CH 1, 4, 5, 8, 6, 10 Chapter 11 Chapter 11 Chapter 12 Chapter 18 Chapter 17 Chapter 17 Chapter 17 Chapter 14 CH 11, 12, 14, 18, 17 Chapter 15 Chapter 15 Chapter 13 Chapter 13 Chapter 7 Chapter 7 Chapter 9 Chapter 9 CH14, 15, 13, 7, 9 If you need to speak to the instructor, see her AFTER class rather than before. Thanks! Office Hours: Melissa Fisher – in 250 FH by appointment (email me to schedule and also just prior to confirm) Marlee Poitinger TBD – email: Marlee Poitinger poitinger.1@gmail.com ______ 2 Course Objectives Foundations of Marketing focuses on developing an overall understanding of marketing and its role in companies. This course will prepare you to understand how marketing fits into the overall strategy and management of a business. We will discuss the basic concepts behind all major aspects of the marketing mix and their role in driving business. As a result of this class, you will be better prepared to: 1. Understand the issues and challenges that marketers face 2. Understand and use some of the terms and business models commonly employed today 3. Understand how to create action plans and execute to achieve business goals SOME WORDS TO THE WISE For faster answers to routine questions, go to the course Carmen site first rather than emailing the instructor for an individual reply. Course-related news will be communicated on the site. There will often be videos or additional slides and information presented in lectures that are not in the notes. Slides/notes will NOT be complete. Therefore, attendance and attentiveness are important to optimal performance and good grades. Also, not all information discussed in class is on the slides; therefore, taking copious notes is critical to achieving a good grade. The only person who can excuse you from class is your instructor. As a policy, I do not excuse students except for medical emergencies supported by a doctor’s note. If you miss class, you are encouraged to get the notes from another student. THERE IS GENERALLY A TIME DELAY IN POSTING EXTRA CREDIT POINTS. ALL EXTRA CREDIT ACCOUNTING WILL BE UP TO DATE BY THE END OF THE QUARTER. PLEASE BE PATIENT UNTIL THEN. You may check SONA at any time. THANKS! For questions regarding extra credit, email the person or link contained in the email – see last page. The material in introductory courses like the Principles of Marketing and Principles of Psychology often seems very familiar (unlike subjects such as physics or chemistry). Unfortunately, this familiarity can give students a false sense of security and a feeling that they have mastered the material with relatively little effort. Expect test questions to probe for more depth and detail than you can easily handle with a light skimming of the text and a passive listening to lectures. Beyond definitions and memorized information, there will also be questions that require you to apply the knowledge. GRADE DETERMINATION There will be 3 exams, each consisting of roughly 40-60 multiple-choice questions. Together these 3 exams will account for your entire grade in the course (except for any extra credit you earn). Each exam will cover only the material for that part of the course. (They will not be cumulative, although there may be some basic concepts that carry over.) Raw grades will be posted on Carmen. Exam questions are derived as follows – lecture material alone, assigned material in the text alone and jointly from the lecture and text and in-class discussions and examples, videos, etc. Therefore, attendance is very important. 3 If you miss a midterm exam, you will be required to take an all-essay exam over that material as a make-up exam. There will be a number of opportunities to earn extra credit for participating in research experiments conducted outside of class. You will receive 1 point for each roughly 30-minute period in which you participate. You may earn a MAXIMUM of 5 points in this way. Many students will earn less than 5 points of extra credit. DROP Policy – Fisher College of Business Fisher College of Business strongly enforces University attendance policies. As per University rule 33358-33, any student may be disenrolled from a course for failure to attend by the first Friday of the term, or by the 3rd instructional day of the term, or by the second class meeting, whichever occurs first. http://trustees.osu.edu/rules/university-rules/rules8/ru8-33.html Grading Scale – PLEASE NOTE CAREFULLY THE CUTOFFS The grading scale that will be utilized for the final grade is as follows (note: you must reach the minimum of each range to get that grade – ex. an 86.5 would be a B without rounding): Grade GPA Grade GPA A = 93-100 % 4.0 C+ = 77-79.XX % 2.3 A= 90-92.XX % 3.7 C = 73-76.XX % 2.0 B+ = 87-89.XX % 3.3 C= 70-72.XX % 1.7 B = 83-86.XX % 3.0 D+ = 67-69.XX % 1.3 B= 80-82.XX % 2.7 D = 60-66.XX % 1.0 E = below 60 Re-grading requests or grade challenges will be accepted in writing within 1 week of receipt of the grade. After that one week, grades are final and beyond questioning. Grades may or may not be rounded at the end of the quarter. The overall class grades may or may not be curved at the end depending on the final overall distribution and the discretion of the instructor. If you wish to ensure receiving a certain grade, you should achieve that outright with the exams. All grades, including the extra credit, will be weighted. See below. Students sometimes comment that the grading machine has made a mistake in scoring their exams. If this happens to you, please notify me. This kind of mistake very rarely happens, and the other kind (students receive too many points) NEVER has happened before. 4 GRADING POLICY: All grades will be weighted as follows: Exam 1: 33% Exam 2: 33% Exam 3: 34% Extra credit: variable weighting at instructor’s discretion but typically between 2% and 10% Example for illustration purposes: Exam 1 grade: 40/50 * .33 Exam 2 grade: 40/50 * .33 Exam 3 grade: 40/50 * .34 Extra credit: 5/5 * .05 (as an example of weighting) Final grade without extra credit: .80 or a BFinal grade with extra credit: .85 or a B (please note that this was a grade change, but not a full letter grade change.) SUGGESTIONS: READ ASSIGNMENTS CAREFULLY, TAKE NOTES, UNDERLINE WHAT YOU READ, AND TAKE ADDITIONAL DETAILED NOTES DURING LECTURE. EXAMS: READ EACH QUESTION AND EACH ANSWER CAREFULLY BEFORE MAKING A CHOICE. Most questions during exams can be answered by a careful rereading of the question. ATTENDANCE: I have observed a strong correlation between attendance, attentiveness, and final grades. CLASSROOM COURTESY Students attending class must be considerate of each other to make the learning experience productive and congenial. Here are the ground rules: 1. In general, do not behave in any way that would be a distraction to other students; for example, loud and animated conversations during class are annoying and inappropriate— refrain from them. If necessary, I will ask you to leave the room. 2. Cell phones and other electronic media should not be audible in class. 3. If you must enter the room after the lecture has begun or leave before it is over, do so as quietly and as inconspicuously as possible. 4. If another student acts in a manner than is distracting to you, politely ask him/her to stop it. (He/she might not realize the behavior is bothersome.) If it persists, inform the instructor. 5 EXAM DAY PROCEDURE Given the size of this class it is necessary to establish a set of routine behaviors for the day of the exam - your cooperation here is necessary and appreciated. You must use a #2 (soft-lead) pencil. Be sure to identify yourself on the exam answer sheet by your exact name (as it is recorded on OSU records) and by your OSU email number - you will be penalized if this information is incorrect or omitted on your answer sheet. QUESTIONS WILL BE DISCOURAGED DURING TESTS - this is the only way to treat all students equally. If an exam question is unclear in some way, re-read it and all answers carefully and answer it as best as you can. If there is a procedural complication (missing questions, typographical errors, etc.) come quietly to the instructor for help. All books, backpacks, etc. must be left out of sight during the exam. Second language students may use a translation dictionary during the exam. A total of roughly 75 minutes will be available to complete the midterms - this should be more than adequate for most students. At the end of this time, all remaining answer sheets must be turned in promptly. You'll probably want to record your answers directly on the exam to match them with the key. You must return exam with your name on it at the same time you turn in your blue sheet. Failure to return your exam with your name on it will result in a penalty of 10 points. If a student behaves suspiciously during an exam, he or she will receive one warning; if this behavior is repeated, the student's exam will be confiscated and the student will be referred to the OSU Committee on Academic Misconduct. If you see suspicious behavior during an exam, please inform the instructor or a test monitor. 6 EXTRA CREDIT OPPORTUNITIES Much of the basic research you will learn about in BUS M&L 3150 and 3250and advanced marketing courses is conducted by faculty members at major universities like Ohio State. In order to carry out research projects, faculty members often ask undergraduate students to volunteer to serve as participants. Typical research projects include viewing and rating advertisements, obtaining student's perceptions and reactions to various marketing phenomena (special promotions, coupons, etc.), and having students use computers to search for information about new products or places to shop. This quarter, you will have the opportunity to earn up to 5 points via extra credit that will contribute to your final grade in the introductory marketing class you are taking (either BUS M&L 3150 or 3250). You may only participate in a given study one time (though some studies may involve two sessions and may thus grant more extra credit than a one-session study). A number of different studies will be conducted during the quarter. Each will have a unique name. Some studies will be conducted online (you will be given a URL when you sign up for the study). Others will be conducted inperson in various rooms around Fisher (often in Mason or Schoenbaum). The studies vary in terms of the amount of time they take and the amount of extra credit they grant. When you sign up for a study, it is very important that you note (1) whether the study takes place inperson or online, (2) the length of time the study will take (and the amount of extra credit it grants), and (3) the date, time, and place you are to attend the study if it is an in-person study. On the day of an in-person study it is very important that you arrive approximately 5 minutes early. Because instructions are given only at the beginning of each session, absolutely no one will be admitted late. Extra credit study opportunities will typically begin during the second or third week of the quarter and continue until the last week of scheduled classes. In addition to helping your grade in this class, participation in the studies will allow you to gain a better understanding of marketing and the research process. In fairness to all other students in the course, you must make every possible effort to attend all extra credit studies for which you sign up. Students who are "no shows" for a given study will receive a penalty of 0.5 extra credit points for each study they miss. This penalty will be deducted from whatever points they earn during the quarter. Students with a history of “no shows” may be blocked from signing up for any further studies. Sign-ups for the extra credit studies will be posted on a website called the Marketing Extra Credit Sign-Up System. Instructions for accessing and using this site are on the following page. 7 Marketing Extra Credit Sign-Up System Most of the extra credit opportunities will be announced via email, and students will sign up for these opportunities via an internet web site. Please direct all questions to the study contact for fast response. The instructor and TAs are not directly involved in the studies or the postings and, therefore, usually have no ability to deal with issues. For registration: 1. Go to http://fisher-osu.sona-systems.com 2. Click on the “New Participant” link, which appears on the left side of the web page. 3. You must choose a user ID that is not already in use and also specify an email address that is not already registered in the system. User IDs may be up to 30 characters in length and contain letters and numbers. Use your real FIRST and LAST name that is on record with your instructor to ensure that you receive your Marketing Extra Credit. For instance, do NOT use your middle name as your first name – use your real first name. Make sure to use a working email address. We will use the address you supply to send you information about the studies for which you sign-up and to announce new studies. 4. You can then check the website for new extra credit opportunities that will be posted there. 5. When you see an extra credit opportunity for which you would like to sign up, please go to the “Study sign-up” link on the website and follow instructions. 6. Please read the FAQ on the website if you need additional information. Reminders: When you sign up for an in-person extra credit session, please arrive 5 minutes early to your scheduled session. Sessions begin at the scheduled time, and late arrivals will not be admitted. Please do not sign up for an in-person session if you cannot attend. If you sign up for a session and fail to show, you will be penalized 0.5 extra credit points. We thank you in advance for your participation in our marketing research studies! FOR ISSUES WITH EXTRA CREDIT, PLEASE EMAIL THE FOLLOWING ADDRESS: SONA@fisher.osu.edu