1 The Ohio State University Max M. Fisher College of Business Spring 2014 BUSML 7200-0010 - Marketing Strategy Professor James L. Ginter 355B Fisher Hall 292-2267 ginter.1@osu.edu This course is concerned with strategic marketing planning. The focus is on making and developing plans for implementing strategic decisions, i.e. decisions that have a long-term impact on the organization and that are difficult and costly to reverse. The strategic marketing planning process is supported by an external analysis (an analysis of the organization’s environment) and a self-analysis. Course Objectives: 1. The course aims to develop your skills in developing and planning implementation of marketing programs and strategies. In so doing, we broaden and deepen the basic marketing “tool kit” you acquired in the core marketing course. The general goal of this course is to enable you do develop a plan that effectively integrates the various marketing tools into a consistent program aimed at achieving a sustainable and profitable position in the marketplace. The course materials cover firms of different sizes marketing a wide range of consumer and industrial products and services. 2. A second primary objective for the course is to develop general skills of making valuable contribution to a group process of problem identification, analysis, and resolution. These skills include effective listening, development and communication of logical frameworks, establishment of priorities, identification of underlying reasons for differences of opinion, and meaningful contribution to a productive discussion. Case Analysis A large part of the course involves case discussions and the presentation of analyses. It is expected that everyone will prepare each case fully, and you are encouraged to discuss the case before class with a study group. The philosophy and expectations are those described in the handout entitled “Case Discussion Expectations”. The following points deserve emphasis. Your participation grade will reflect the quality (not quantity) of your contribution to the class discussion. Please come to each class fully prepared and ready to participate in the discussion. This requires more than a general awareness of case facts. Please be on time for all classes. Late arrivals unfairly distract the class member who is opening the discussion. Each case has its own integrity, and additional data gathering should not be undertaken. 2 Readings Aaker, David A., Strategic Market Management, 9th Edition, John Wiley & Sons, 2011. In the outline of sessions, the numbers refer to chapters in this book. Earlier, but recent editions of the book are a bit different but will be satisfactory for our use. We do not study the book in a highly structured way. Packet of cases will be available. Assigned readings are available on-line through the OSU Libraries or the HBS web site. Marketing Simulation: Managing Segments and Customers Students will work in teams on this simulated decision making exercise. This exercise will be discussed in class on the following dates: Thursday, March 6 - Simulation introduction, discussion of background materials and decision process, and initial assignment. The team then makes two series of decisions. Tuesday, March 25 – Discussion of initial results. Teams then make the final series of decisions (a “re-do”) Thursday, April 10 – Final discussion/debrief. Each team submits a paper (no longer than 10 pages plus exhibits) that describes their initial strategy, the plan they pursued, a log of their decisions in implementing this plan (with a discussion of necessary adjustments), and their conclusions with respect to their strategy and their implementation plan. Note: The team’s evaluation on this project will be based on the quality of this paper (and the strength of the logic underlying it), rather than the team’s numerical performance in the simulation. Final There will be an in-class written final exam. Your response will be limited in length, but exhibits may be used. The final is during the normal final exam period: Office Hours There are no set office hours. Appointments will be made as needed. Grade Your grade will be based 55% on class participation, 20% on the simulation exercise, , and 25% on the final exam. THANK YOU FOR REGISTERING FOR THE COURSE I HOPE YOU FIND IT INTERESTING AND VALUABLE! 3 The following statement is provided by and requested by the OSU Office of Academic Affairs: ACADEMIC INTEGRITY (ACADEMIC MISCONDUCT) Academic integrity is essential to maintaining an environment that fosters excellence in teaching, research, and other educational and scholarly activities. 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.” The Ohio State University’s Code of Student Conduct (Section 3335-23-04) defines academic misconduct as: “Any activity that tends to compromise the academic integrity of the University, or subvert the educational process.” Examples of academic misconduct include (but are not limited to) plagiarism, collusion (unauthorized collaboration), copying the work of another student, and possession of unauthorized materials during an examination. Ignorance of the University’s Code of Student Conduct is never considered an “excuse” for academic misconduct, so I recommend that you review the Code of Student Conduct and, specifically, the sections dealing with academic misconduct. If I suspect that a student has committed academic misconduct in this course, I am obligated by University Rules to report my suspicions to the Committee on Academic Misconduct. If COAM determines that you have violated the University’s Code of Student Conduct (i.e., committed academic misconduct), the sanctions for the misconduct could include a failing grade in this course and suspension or dismissal from the University. If you have any questions about the above policy or what constitutes academic misconduct in this course, please contact me. Other sources of information on academic misconduct (integrity) to which you can refer include: The Committee on Academic Misconduct web pages (oaa.osu.edu/coam/home.html) Ten Suggestions for Preserving Academic Integrity (oaa.osu.edu/coam/tensuggestions.html) 4 INSTRUCTIONS FOR ACCESS TO THE DICKSON/GINTER READING 1. go to www.osu.edu 2. Under the “Students” tab at the top of the page, click on the “Libraries” link 3. Select “Research Databases” 4. Under the databases arranged alphabetically, select “B” (for business) 5. Scroll down to and select Business Source Complete [Selected Articles in Full Text] 6. In the middle of the next page, click on the link: Business Source Complete [Selected Articles in Full Text] 7. Under “ Search Options” , select “ advanced search” 8. Now you can search for the specific article. For example, for our first article, a. in the upper field input “Dickson” b. go to the adjacent drop down box and select AU (author) c. go to the next open field on the left and enter “Ginter” go to the adjacent drop down box and select AU (author) d. select the search button (upper right) 9. Under the bibliographic entry for the article, select PDF Full Text 10. You can now read and/or print the article as you wish 5 APPLIED MARKETING PLANNING Spring Semester 2014, Second Term CLASS ASSIGNMENTS FEB 27 Chapters 1, 3, Course Introduction Case: Sears, Roebuck and Co. MAR 4 “Market Segmentation, Product Differentiation, and Marketing Strategy,” Peter R. Dickson and James L. Ginter, Journal of Marketing, April 1987. Chapter 2 Case: Burberry MAR 6 Read Simulation Materials and Decision Process Case: Reed Supermarkets: A New Wave of Competitors MAR 18 Chapter 4 Case: Red Lobster MAR 20 Chapters 5, 6 Case: Nantucket Nectars MAR 25 Discussion of Initial Simulation Runs Case: Aqualisa Quartz: Simply a Better Shower MAR 27 “Cult Brands,” Melanie Wells, Fortune, April 16, 2001. Case: Bank of America: Mobile Banking APR 1 Note on the Motorcycle Industry - 1975 Case: Harley-Davidson: Marketing Strategy for Motorcycles – 1977 6 APR 3 HD Annual Report (most recent) Chapters 7, 8 GUEST: Mr. Tim Hoelter Retired Vice President of Government Affairs Harley Davidson Motors APR 8 Chapter 9, 10 Case: Bayerische Motoren Werke AG (BMW) APR 10 Simulation Report Due Debrief on Simulation APR 15 Chapters 11, 13 Case: The American Express Card APR 17 Chapters 12, 14 Case: Manchester Products: A Brand Transition Challenge TBA: Final Exam During final exam period, yet to be determined