MBA 6251: MARKETING MANAGEMENT - I Autumn 2012 Course Theme: Creating Value for Customers and Capturing Value for the Firm Professor: Office: Email: TA: TA’s Email: I. Shashi Matta 554 Fisher Hall matta_6@fisher.osu.edu Kyle Cushman cushman_23@fisher.osu.edu Classroom: Classes: Office Hours: Gerlach Hall 375 TR 8:30 – 10:00 TR 10.15 – 11.45 TR 2.00 – 4:00 or by appointment Course Overview and Objectives “Marketing is too important to be left to the marketing department alone.” – David Packard In the most general sense, the success of any organization – either for-profit or non-profit – depends largely on how well it can attract and retain customers, in order to achieve its goals. To attract customers, the organization must have something of value to offer to them. The central premise of marketing, therefore, is all about understanding, creating, communicating and delivering value to customers. This core course on marketing management is designed to provide future managers and decision makers an appreciation of the role of marketing in an organization. Like any core course, it emphasizes breadth over depth. My primary goal is to help you develop a keen sense of marketing curiosity and broad-based marketing know-how, so that you can ask the right questions and provide insightful solutions in any marketing related discussion. Our learning objectives in this course include – a) Developing a structured approach to the analysis of marketing problems, b) Sharpening decision-making skills, and c) Designing a strategic marketing plan with an appreciation of how different elements of the plan fit together. II. Required Course Materials • Course Packet I have developed a custom text with required readings for this class and it is available for purchase on the Carmen course page through Xanedu. This custom text includes a) conceptual chapters and background notes published at HBS, Ivey and Darden, b) select textbook chapters c) cases from HBS Publishing, and d) current business practice articles from sources including the Harvard Business Review and the McKinsey Quarterly. • Class Slides and Other Materials Class slides will be posted on Carmen, after each class, prior to midnight. Other course materials will be made available on Carmen, as and when necessary. Page 1 of 15 III. Class Format Class sessions will include a combination of lectures, case discussions, discussion of assigned articles and current marketing events, and group exercises. Please refer to the Course Timeline section on page 5 of this syllabus document for details on the topic, readings, and deliverables for each session. There is a considerable amount of required reading in this course. I expect students to be thoroughly prepared for class, so that the class is engaging and the discussions meaningful. I strongly encourage you to read business newspapers and magazines for current marketing related news and marketplace events. This will help you connect the dots, so to speak, between concepts learned in class and real world marketing problems. A major course deliverable is the Team Consulting Project, which consists of a ‘live’ 7-week project in partnership with an organization that is seeking a comprehensive marketing plan. This unique learning-in-action project is an opportunity to apply concepts learned in class. IV. Grade Structure The following grade structure will be utilized for this course: Graded Component 1. 2. 3. 4. 5. 6. Individual or Team-based Class Contribution Ask the Right Question Quiz: Marketing Math Mid-term Exam Case Analysis Final Exam % of the Final Grade Individual Individual Individual Individual Team-based Individual Total 10% 10% 10% 25% 10% 35% ___________ 100% V. Grading Scale The grading scale, and point conversion that will be utilized for the final grade is as follows: A= A- = B+ = B= B- = 93 – 100% 90 – 92.99% 87 – 89.99% 83 – 86.99% 80 – 82.99% GPE 4.0 3.7 3.3 3.0 2.7 Page 2 of 15 C+ = C= C-= D+ = D= 77 – 79.99% 73 – 76.99% 70 – 72.99% 67 – 69.99% 63 – 66.99% GPE 2.3 2.0 1.7 1.3 1.0 VI. Explanation of Graded Components • Class Contribution: 10% of the Final Grade Quality contribution to class discussions is a key component of learning in this class. Good contribution involves insightful comments, sharp analysis, active listening, and constructive participation. Needless to say, merely using up airtime does not translate into a higher contribution grade. Your participation in class will be graded by an assigned cohort team, and me. Cohort team assignments for grading class participation will be made on the first day of class. • Ask the Right Question: 10% of the Final Grade The course will feature a drop-box folder on Carmen titled, “Ask the Right Question.” You can contribute a question, for an upcoming class session, by 6 AM on the day of class (starting from session # 2 on Tuesday, 8/25/12). The question should be related to the topic being addressed in that class session, and should not have been answered in any of the readings or cases assigned for that day (therefore, only post a question if you have read all the assigned readings on that topic). Each student is required to submit a total of 5 questions, during the course (i.e., between 8/25/12, and 10/9/12). I will grade this component based on the quality of the questions you posted, and the total number of questions posted (if you post more than 5 questions, I will consider the 5 best from your submissions). • Quiz (Individual) 10% of the Final Grade The Quiz (on Marketing Math) will consist of a problem set to be solved in 30 minutes by each student. This is an individual assignment, and no collaboration will be allowed. • Case Analysis (Team-based) 10% of the Final Grade Each team will be assigned one case to analyze (either case # 4 or case # 7). Case analysis should follow the broad questions outlined in the ‘Case Analysis Questions’ which will be posted at the beginning of the semester, and demonstrate strategic thinking, application of concepts learned in class, and original thinking in the overall recommendations. Page limit and formatting: 7 pages, single-spaced, Times New Roman 12, with 1” margins on all sides; figures, tables and appendices can take up an extra 3 pages. • Exams: 25% of the Final Grade (Mid-term); 35% of the Final Grade (Final) The Mid-term and Final Exams will consist of short-essay questions, and analysis of short cases. You are allowed to refer to your notes and class slides (not the course packet, just your notes and class slides) during these exams. The exams will cover all course materials (readings, class slides) and learning until the class prior to the exam. The final exam, therefore, is cumulative. Page 3 of 15 VII. Classroom Professionalism Policies and Etiquette To maintain the highest professional standards expected of a quality MBA program, the following classroom policies have been designed for this course 1. Laptops, tablets and cell phones are turned off and put away. All computers, tablets and smart-phones have to be switched off and put away during class. 2. Students arrive on time. Please come to class on time. If you are going to be over ten minutes late, please get prior permission. 3. Student absence. If you are unable to attend class on any occasion, please notify me via email in advance, unless it is an unforeseen emergency. 4. Absence during quizzes and exams. There will be no make up quizzes or exams. 5. Students minimize unscheduled personal breaks. Please avoid disruptions to the class by taking personal breaks during class sessions, unless it is an emergency. 6. Students display name cards. This will help me remember your contributions in class, and also help the cohort team that is grading class participation. 7. Food and drink consumption. Please minimize the consumption of food or drinks (except water) during class. VIII. Academic Integrity Academic integrity is essential to maintaining an environment that fosters excellence in learning, teaching, research, and other educational and scholarly activities at Fisher College of Business and The Ohio State University. Thus, The Ohio State University and the Committee on Academic Misconduct (COAM) expect that all students have read and understand the University’s Code of Student Conduct, and that all students will complete all academic and scholarly assignments with fairness and honesty. Students must recognize that failure to follow the rules and guidelines established in the University’s Code of Student Conduct and this syllabus may constitute “Academic Misconduct.” Other sources of information on academic misconduct (integrity) to which you can refer include: • The Committee on Academic Misconduct http://oaa.osu.edu/coam.html • Preserving Academic Integrity http://oaa.osu.edu/coam/ten-suggestions.html Page 4 of 15 IX. Course Timeline at a Glance Session / Day / Date Session # 1 Thursday, 8/23/12 Topic / Class Activity Introduction to Marketing Readings / Cases / Deliverables Readings: 1. Note on Marketing Strategy 2. We’re all Marketers Now Deliverable: Personal Profile Form Session # 2 Tuesday, 8/28/12 Basics of Marketing Strategy Session # 3 Thursday, 8/30/12 Marketing Strategy: Competing in Existing Markets Session # 4 Tuesday, 9/4/12 Marketing Strategy: Competing in New Markets Session # 5 Thursday, 9/6/12 The Consumer Readings: 3. The Five Competitive Forces That Shape Strategy 4. Measuring Marketing’s Worth Case: 1. Macy’s Department Store Repositioning Case: 2. McDonald’s: Is China Lovin’ It? Reading: 5. Analyzing Consumer Markets Quiz 1: Marketing Math Session # 6 Tuesday, 9/11/12 Consumer Behavior & Attitudes Session # 7 Thursday, 9/13/12 Mid-term Exam (Open Notes) Session # 8 Tuesday, 9/18/12 Basics of Marketing Research Page 5 of 15 Reading: 6. Analyzing Business Markets Readings: 7. Marketing Research 8. Marketing Research: Listen and Learn Session # 9 Thursday, 9/20/12 Marketing Research: Applied Case: 3. The Springfield Nor’easters: Maximizing Revenues in the Minor Leagues Session # 10 Tuesday, 9/25/12 Basics of Segmentation Readings: 9. Market Customization: Market Segmentation, Targeting and Positioning 10. Rediscovering Market Segmentation Session # 11 Thursday, 9/27/12 Segmentation: Applied Case: 4. Fashion Channel: Market Segmentation Session # 12 Tuesday, 10/2/12 Introduction to Positioning Reading: 11. Positioning: The Essence of Marketing Strategy Session # 13 Thursday, 10/4/12 Positioning Products & Services Session # 14 Tuesday, 10/9/12 Wrap-up and Review of Concepts Cases: 5. Positioning the Tata Nano (A) 6. ThoughtWorks (A): Targeting and Positioning Basics for a Service Firm Case: 7. Ontela PicDeck (A): Customer Segmentation, Targeting and Positioning Final Exam (Open Notes) Date: TBA Page 6 of 15