Principles of Marketing MKT 320-02 Spring 2014 2:00pm – 3:15 pm, Bryan 122 Instructor Information Richard Birch rwbirch@uncg.edu birchtr6@gmail.com (use if sending attachments) 336-309-3849 (cell) Office: Bryan 374 – Hours by appointment Text: Marketing, Grewal and Levy, 4th ed., McGraw-Hill, ISBN – 13 9780078029004 Role of textbook: The text book serves as a reference, providing terminology, theories, models and frameworks that are commonly accepted in marketing. Thus, in this course it will be necessary for you to have some knowledge of the language and system of concepts inherent to marketing. We may not talk about specific information contained in a textbook reading unless you have specific questions about it. I welcome any questions, so feel free to contact me. BADM (BS) Marketing CBK Learning Objectives (MKT 320): In every business class, we have learning objectives. These indicate what you should be learning from each course. At the end of the semester, you will be asked to evaluate how well this class met the learning objectives. In addition to the learning objectives below, you will find that there are specific learning objectives for each class: The marketing student will be able to prepare a research survey project o Produce descriptive statistics from a research data set o Interpret statistical information The student will be able to develop a marketing strategy o Critique a marketing strategy o Develop a marketing plan The marketing student will understand the consumer perspective o Identify the steps in the consumer decision-making process o Plan actions based on target market data Additional Course Learning Objectives: 1. Acquire and evaluate marketing research. Additionally, utilize marketing research in the marketing planning process. This objective will be measured by performance on assignments, exams, and your performance on final case. 2. Employ the concepts of segmentation, targeting and positioning to develop and/or analyze marketing strategies in terms of achieving company and consumer goals relative to competition. This objective will be measured by performance on class assignments, exams and the marketing plan. 3. Understand the 4P’s; product, price, promotion and place strategies, and the relationship with positioning and branding. This objective will be measured by performance on exams and your performance on the marketing plan. Student expectations of Faculty Students can refer to Bryan School Faculty and Student Guidelines to see the guidelines of faculty performance and behavior. Additionally, I have two very important goals: 1. Provide students with the marketing concepts that assist them in becoming productive contributors in the community (see Course Learning Objectives below). 2. Create a learning environment where students feel fairly treated. Faculty Expectations of Students Students are expected to know and abide by the Bryan School Faculty and Student Guidelines in all matters pertaining to this course. Violations will be pursued in accordance with the guidelines. Please do not get into trouble by violating the guidlines. If you find yourself behind or in a difficult situation, please come see me. When in doubt about whether something is or is not a violation, please see me. MKT 320 Honor Code Honor Code Please refer to the Bryan School Faculty and Student Guidelines. I should also like to add, please do not get into trouble by violating the guidelines. If you find yourself behind or in a difficult situation, please contact me. You will notice that the points are spread out pretty well to minimize the impact from some bad grades Absenteeism due to Religious Observance :If you have any religious holidays that might result in an absence, you must contact me at least two weeks before the holiday. I prefer to be contacted in the first two weeks of class. There are a limited number, so please read the UNCG policy for that answer and the answers to any other questions, which can be found under the Heading of “Religious Observance” at link Course Requirements iClicker The iClicker 2 response device is a requirement for this course. The iClicker 1 or iClicker+ CANNOT BE USED IN THIS COURSE. The cost new at www.iclicker.com is $48. However, there are many listed on eBay and other online sources for as low as $20. The iClicker 2 has an LCD display screen, the others do not. Be sure what you buy is truly an iClicker 2. They can also be purchased at the bookstore both new and used. You will need to have your iClicker by the second class meeting, as it will be used to measure your attendance and participation. Each day that you do not have the iClicker will cost you 8 points. In-class Attendance and Participation: There is an attendance and participation grade because of the integrative and participative nature of this class. It includes attendance and oral participation. Participation is measured in terms of consistently relevant (combination of quality and quantity) contributions to class discussions. This can include asking relevant questions and participation in group activities. Attendance is part of the participation grade. Attendance at, and behavior in, class meetings follows those standards of a professionally run meeting. Be on time consistently. No phones, irrelevant reading material, or conversations are permitted during class. No laptops or tablets will be permitted in use during class unless given permission by the instructor. If you miss a class, it is your responsibility to manage the situation. Therefore, you are responsible for any information and/or material from a missed class. In the cases when you know in advance of potential MULTIPLE time conflicts, resulting in absences, late arrivals and/or early departures, you should consider taking the course at another time because this situation would result in significant loss in participation and a possible failing grade. Participation Measurement: The iClicker will be used to monitor your presence in the class for the duration of the class, and your participation performance by answering questions. When you answer a question with the iClicker, you will receive 0.3 points for responding and an additional 1.3 points for answering the question correctly. On Simulation class days, you will receive 1 point for participating with your team. Questions will be based on the chapter being presented that day. Therefore, the chapters must be read prior to coming to class. The maximum number of points that can be earned is 150. Simulation: Students work through various stages of an online simulated business venture. This assignment accounts for 200 points toward the course total. The simulated marketing game introduces basic concepts in marketing and requires students to make various marketing decisions such as market opportunity analysis, brand development, advertising, pricing and basic sales force management decisions. It also includes simplified profit analysis. The game is set for 6 decision rounds with each round taking about an hour to complete. There is an additional cost of $25 per student to participate in the simulation. This will be paid by the student at about the halfway point in the semester. Students must have access to a credit, debit or prepaid card in order to pay for the simulation. This fee is NOT INCLUDED in your tuition or other fees. Exams: There will be four exams in this course. The final (fourth exam) will be a cumulative exam. Students with learning challenges that require testing adjustments such as a quiet setting and/or additional time need to provide me with the appropriate documentation from Office of Disability Services, ODS, at least one week before a test. Ideally the student will do so at the beginning of the semester. Those students with said challenges, but who have not registered as such, are encouraged to contact ODS: ODS Contact Information: web site: ods.dept.uncg.edu/ Suite 215 EUC, PO Box 26170 Greensboro, NC 27402-6170 VOICE/TTY 336.334.5440 FAX 336.334.4412 EMAIL ods@uncg.edu Generally there are no make-up exams except in the case of serious emergencies or school related activities. When a student faces such a situation, the student must contact me as soon as possible and must provide written evidence of the emergency which includes verification of the time and date as well as a contact number of an individual that can confirm the emergency. I do not want to know personal and/or sensitive information, just the general nature of the emergency. It should be noted that the requirement of written documentation of the issue is part of my effort to ensure that all students in the course feel fairly treated. With regard to the final exam time, students with more than two examinations within 24 hours may apply to the University Registrar's Office, 180 Mossman Building, for permission to change their exam schedules. The usual policy is to change the middle examination in a sequence of three. Grade Scale A+ 97 to 100 A 92 to 96.99 A90 to 91.99 B+ 88 to 89.99 B 82 to 87.99 B80 to 81.99 C+ 78 to 79.99 C 70 to 77.99 D 60 to 69.99 F Below 60 Grade Break-down Participation & Attendance……….150 points Exam 1 ..........................................150 Exam 2...........................................150 Exam 3 ..........................................150 Final Exam.....................................200 Simulation.......................................200 TOTAL POINTS ..........................1000 CLASS MEETING: Day 1 T – Jan 14 Day 2 Th – Jan 16 Day 3 T – Jan 21 Day 4 Th – Jan 23 Day 5 T – Jan 28 Day 6 Th – Jan 30 Day 7 T – Feb 4 Day 8 Th – Feb 6 Day 9 T – Feb 11 CLASS FOCUS Introduction Syllabus Intro. To Marketing – Perr. Chapter 1 – Overview of Marketing Video – Jeans Chapter 2 – Marketing Strategies & Plan Video – Home Shopping Network Yum! Brands Video – Perr. Retailing Strategies Video – Perr. Chapter 3 – Marketing Ethics Video – Newman’s Own Organics Starbucks Video – Kerin Marketing Ethics – Perr. Chapter 4 – Analyzing the Market Environment Video - Ford Exam #1 – Chapters 1-4 Chapter 5 – Consumer Behavior Video – Yelp.com Chik –Fil-A Video – Perr. Best Buy - Kerin Chapter 6 – B to B Marketing Video – Dole Lands’ End Video – Kerin John Deere Video – Perr. Chapter 7 – Global Marketing Video – Kraft – Oreos Breathe Right Video – Kerin Domino’s – Cate. Chapter 8 – Segmentation, Targeting & Positioning Video – McDonald’s Prince Video – Kerin Market Diversity Video – Perr. Day 10 Th – Feb13 Day 11 T – Feb 18 Day 12 Th – Feb 20 Day 13 T – Feb 25 Day 14 Th – Feb 27 Day 15 T – Mar 4 Day 16 Th – Mar 6 Day 17 T – Mar 18 Day 18 Th – Mar 20 Day 19 T – Mar 25 Day 20 Th – Mar 27 Day 21 T – Apr 1 Day 22 Th – Apr 3 Day 23 T – Apr 8 Day 24 Th – Apr 10 Day 25 T – Apr 15 Day 26 Th – Apr 17 Day 27 T – Apr 22 Day 28 Th – Apr 24 Day 29 Th – May 1 Chapter 9 – Marketing Research Video – Kraft – Ritz Chips Gathering Info. Video – Perr. Exam #2 – Chapters 5-9 Chapter 10 – Product, Branding & Packaging Decisions Video – Doritos Hillerich & Bradsby Video – Perr. Timken Co. Video – Perr. Chapter 11 – Developing New Products Video – Sara Lee Activeion Video – Kerin Celestial Seasonings – Perr. Simulation Chapter 12 – Services: The Intangible Product Video – Netflix Phillies - Kerin Simulation Simulation Chapter 13 – Pricing Concepts Video – Taco Bell Washburn Guitars Video – Kerin Simulation Class Exercise – Break Even Analysis Chapter 14 – Strategic Pricing Concepts Exam # 3 – Chapters 10-14 Simulation Chapter 15 – Supply Chain & Channel Mgmt. Video – New Balance Act II Video – Kerin Pepsi Video – Perr. Chapter 16 – Retailing & Multichannel Mktg. Video – M&M – Staples Shopping Mall Video – Perr. Simulation Chapter 17 – Integrated Marketing Communications Video – Frito-Lay, HSN Under Armour Video - Kerin Simulation Chapter 18 – Advertising, PR & Sales Promotions Video – Ford Google Video – Kerin Simulation Final Exam – Cumulative, 3:30 – 6:30