PRELIMINARY – SEE CARMEN FOR LATEST BUSINESS MARKETING & LOGISTICS 450 FOUNDATIONS OF MARKETING Winter 2012 T/Th 1:30PM SH 105 Office hours: TBD and by appointment Website: Carmen.osu.edu Melissa Fisher 250 Fisher Hall fisher.935@osu.edu Required Text: Marketing (M), 2nd, Grewal & Levy Slides can be downloaded from Carmen course site. Date Topic In Text T R Introduction to Course Introduction to Marketing Chapter 1 T R The Marketing Environment Consumer Behavior Chapter 4 Chapter 5 T R B2B Marketing Segmentation and Targeting Chapter 6 Chapter 8 T R 1st EXAM Product Overview Chapter 10 T R Product Management Services Marketing Chapter 11 Chapter 12 T R Marketing Communications Advertising Chapter 17 Chapter 17 T R Personal Selling 2nd Exam Chapter 18 T R Channels Retailing Chapter 14 Chapter 15 T R Pricing Global Marketing Chapter 13 Chapter 7 T R Information for Marketing Decision Making 3rd EXAM Chapter 9 T All Make Up Exams - Room to be Determined If you need to speak to the instructor, see her AFTER class rather than before. Thanks! Office Hours: Melissa Fisher – in 250 FH TBD and by appointment Jenna Algie TBD Marlee Poitinger TBD 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 prominently displayed on the site. Also see FAQs (Frequently asked questions) on routine inquiries. Occasionally additional slides will be presented in lectures that aren’t already in the notes. 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. THANKS! 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. These students frequently lament that “the test and lecture are just common sense but somehow I failed the exam”. 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. VERY tentative grade distributions (the curve) will be announced after each exam. The only curve that really counts is at the end of the course. The final grade distribution will be APPROXIMATELY as follows: A– : total points B– : total points C– : total points D– : total points It is likely that the final grade distribution in this class will be similar (5 points plus or minus from these cutoffs). For example, the minimum number of points needed for a B- will PROBABLY be between __ and __, etc. Students often tell me that the grading machine has made an error of a point or two in scoring their exams. If this happens to you, you’re welcome to see me during office hours at which time we can re-grade your test together. This kind of mistake very rarely happens, and the other kind (students receive too many points) NEVER has happened before. In 45+ years of teaching no one has ever reported such a case. 3 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. Exam questions are derived as follows – lecture material alone, assigned material in the text alone and jointly from the lecture and text. If you miss a midterm exam, you will be required to take an essay exam over that material as a make-up exam on _________. 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. This will be added to your final point total in the course. You may earn a MAXIMUM of 10 points in this way. Most students will earn much less than 10 points of extra credit. SUGGESTIONS: READ ASSIGNMENTS CAREFULLY, TAKE NOTES, UNDERLINE WHAT YOU READ. EXAMS: READ EACH QUESTION AND EACH ANSWER CAREFULLY BEFORE MAKING A CHOICE. 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. 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. 4 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. ABSOLUTELY NO SUBSTANTIVE QUESTIONS ABOUT THE EXAM MATERIAL WILL BE ANSWERED DURING THE TESTS - this is the only way to treat all students equally. If an exam question is unclear in some way, 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. 5 EXTRA CREDIT OPPORTUNITIES Much of the basic research you will learn about in BUS M&L 450 and 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 10 exam points via extra-credit in BUS M&L 450. MOST STUDENTS WILL EARN FAR FEWER THAN TEN POINTS OF EXTRA CREDIT. You may only participate in a given study one time (though particular studies may involve two sessions and allow you to earn multiple points). A number of different studies will be conducted during the Quarter. Each will have a unique identification number. In some cases, individuals will be called by telephone and recruited to participate in a particular study. When you sign up for a study, it is very important that you note 1) the number of the study and 2) the date, time, and place you are to attend the study. Be sure to retain a record of the date, time, and place of the projects in which you participated. On the day of the 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 begin approximately the third week of the quarter and usually continue until the last week of scheduled classes. Most of these studies usually take place in the second half of the course. In addition to helping your grade in BUS M&L 450, 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 projects for which you sign up. Students who are "no shows" will be ruled ineligible to participate in further studies held outside of class. Students who attempt to participate in extra credit studies after having been no-shows will forfeit all extra credit earned for the quarter. Most extra credit opportunities will be posted on a website called experimetrix. Instructions for accessing and using this site are on the following page. 6 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. 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!