Marketing Policy & Strategy MK312 Marketing Policy & Strategy MK312 -Course OutlineMarketing Policy & Strategy is the cap-stone marketing course of the Bachelor of Commerce. The course examines the processes by which marketing can be managed to create and sustain superior performance in the marketplace. It achieves this by focusing on two key issues in marketing strategy: the identification of target markets and the creation of competitive advantage. The course will also demonstrate the various factors that influence marketing decision-making, and focuses on how the role of marketing is changing in the organisation and in society. To achieve the above there are three main course components: 1. Lectures/Class Discussions/Individual Class Participation. The lectures are devoted to discussion of the topics shown in the course outline. You will be expected to come to class having completed the reading scheduled and prepared to participate in class discussion. Course Description & Objectives 2. Case Studies. Special cases will be discussed during the course. These have been selected to illustrate problems in marketing situations and to facilitate the application of key concepts in the analysis. The cases require individual and group preparation, and should be thoroughly read and analysed. Course participants are expected to be ready for the instructor to call on them to contribute to general class discussion. Cases for discussion will be available from Mary Greaney’s Office (Departmental Administrator, Room 301) 3. Marketing Audit: Galway United will be the focus of your marketing audit project. A briefing session to the class by Galway United will be organised. Your attendance at this briefing session is essential and mandatory. Further Audit details will be posted on Blackboard later. Specifically, the course is designed to: 1. broaden your knowledge of marketing policy and strategy through weekly discussion groups where the “theory” is reviewed, critiqued and debated; 2. expose you to cutting-edge tools and concepts that have been developed by both academics and practitioners; 3. develop your critical, analytical and decision-making skills through the use of case studies about companies facing challenging situations; 4. cultivate the skills needed to tackle the responsibilities of marketing and leadership; 5. sharpen your oral and written communication skills. [Dr. Declan Fleming] [Dr. Ann M. Torres] Page 1 of 6 Marketing Policy & Strategy MK312 Lecturers All based in Cairnes Building Times Name Office Ext E-mail Dr. Declan Fleming Course Co-ordinator & Cases Room 304 2741 declan.fleming@nuigalway.ie Dr. Ann M. Torres Discussion Group Facilitator Room 303 2710 ann.torres@nuigalway.ie Dr. Aidan Daly Marketing Audit Room 305 2548 aidan.daly@nuigalway.ie Day Time Venue Case Studies Group 1 Case Studies Group 2 Thursday Friday 4-6pm 11am – 1pm AC202 LH1 Discussion Groups Tuesday 2-4pm Dillon Theatre Following successful completion of this course the student will be able to: Overall Learning Outcomes Appreciate the crucial importance of marketing strategy formulation and implementation, recognise and the vital contribution it makes to the success of any business. Identify topical and relevant issues which are emerging in marketing practice. Describe the fundamental changes that are taking place in how marketing operates in organisations and the increasing focus on marketing as a process rather than as a functional specialisation. Appreciate market-led strategic planning as a framework for the choice of market targets and the building of strong competitive positions. Understand the requirements of matching corporate resources, assets and capabilities to market opportunities. Analyse the different types of strategic environments and identify the critical success factors for dealing with each. Examine the techniques available for identifying market segments, and recognising alternative competitive positioning strategies. Select target markets through consideration of market attractiveness and business strength. Identify and discuss the mix of activities available to marketers in creating competitive positions. Understand the role of customer service in relationship-building and how a firm can use innovation to create competitive advantage. [Dr. Declan Fleming] [Dr. Ann M. Torres] Page 2 of 6 Marketing Policy & Strategy MK312 Format Programme Explain the role of alliances and networks in marketing strategy. Detail the challenges of implementing or executing marketing strategies. Identify decision-making processes and activities, and in turn generate practical alternative courses of action. Work collaboratively in a team environment and present recommendations in a professional and persuasive manner. Demonstrate refined analytical, written and verbal communication skills. The course comprises: 1. A two-hour theory discussion forum each week; 2. A two-hour case study session each week. The class will be split into two groups for this aspect of the course. More details on Blackboard later. 3rd Year B. Commerce, Marketing Stream. Core Textbook Hooley, G., Piercy, N. and Nicoulaud, B. (2008) Marketing Strategy and Competitive Positioning 2008, 4th Edition, Prentice Hall. ISBN: 978-0-273-70697-7. This text is available from the University Bookshop, NUI Galway. Course Material Case Studies The case studies have been specifically selected for the course from a variety of sources. The case studies will be available from Mary Greaney’s Office (Departmental Administrator, Room 301). 1. 2. Assessment & Grading 3. End of Year Examination Paper 1: Theory Paper 2: Cases 20% 30% Continuous Assessment Cases* Discussion** 15% 15% Marketing Audit Report & Participation 20% Total 100% * Cases Analysis (oral & written case analysis and class participation) Case analysis will be done in groups of four. It is required that you form groups with people with whom you have not worked before and to have mixed groups in terms of gender, with a maximum of one visiting student per group. Each week [Dr. Declan Fleming] [Dr. Ann M. Torres] Page 3 of 6 Marketing Policy & Strategy MK312 one group will give a formal/professionally prepared presentation of their Case analysis, supported by a typed report (8 pages max) of their analysis and a copy of Powerpoint slides used. All non-presenting groups will (via blackboard) each week submit a document (max 1200 words) which summarises their group’s analysis of the case study. Deadline for receipt of all group submissions is on a Thursday, 2pm latest. ** Group Discussion (material read and analysed for class participation) Assigned chapters should be read and analysed by all class members in advance of each session, as they will form the basis for class discussion. Individuals will be asked to present their views on the readings. A short quiz will be given, often at the beginning of class, on the assigned readings for that day. Typically, the quiz will consist of 1-3 short answer questions. Visiting students whose first language is not English may use dictionaries during the quizzes. Note: A minimum of 35% is required in the final written examination before marks for continuous assessment can be included in the determination of the overall mark for the subject. Workload Class Communications Credit weighting: Discussion forum hours: Case study sessions hours: Examination hours Paper 1: Paper 2: 10 ECT 24 24 2 3 Emails to the class via Blackboard will be a primary communication method. Please ensure that you are registered on Blackboard for this course, and remember to “clear-out” your inbox occasionally! [Dr. Declan Fleming] [Dr. Ann M. Torres] Page 4 of 6 Marketing Policy & Strategy MK312 Reading and Case Schedule Lecture 1: w/b 11th January Introduction to Marketing Policy & Strategy NO Case Class this week. Section 1 Marketing Strategy Lecture 2: Chapter 1: Chapter 2: w/b 18th January Market-led Strategic Management Strategic Marketing Planning Case 1 22nd FRIDAY Case Study Class (Friday for this week only) Section 2 Competitive Market Analysis Lecture 3: Chapter 3: Chapter 19 w/b 25th January The changing market environment Twenty-first Century Marketing Case 2 Lecture 4: Chapter 6: Chapter 18 w/b 1st February Understanding the Organisation Resource Base Corporate Social Responsibility Case 3 Lecture 5: Chapter 4: Chapter 5: w/b 8th February Customer Analysis Competitor Analysis Case 4 Section 3 Identifying Current & Future Competitive Positions Lecture 6: Chapter 8: Chapter 9: Chapter 7: w/b 15th February Segmentation and positioning principles Segmentation and positioning research Forecasting future demand and market requirements Case 5 [Dr. Declan Fleming] [Dr. Ann M. Torres] Page 5 of 6 Marketing Policy & Strategy MK312 Section 4 Competitive Positioning Strategies Lecture 7: Chapter 10 Chapter 11 w/b 22nd February Selecting market targets Creating Sustainable Competitive Advantage Case Study 6 Lecture 8: Chapter 12 Chapter 13 w/b 1st March Competing through the new marketing mix Competing through innovation Case Study 7 Lecture 9: Chapter 14 Chapter 15 w/b 8th March Competing through Superior Service & Customer Relationships Strategic Customer Management Case Study 8 Section 5 Implementing the Strategy Lecture 10: Chapter 16 Chapter 17 w/b 15th March Strategic Alliances and Networks Strategy implementation and internal marketing Case Study 9 Lecture 11: w/b 22nd March Case 10 COURSE REVIEW: Tuesday 30th March Teaching ends for Easter and teaching is finished for the Semester on Wednesday, 31st March, 2010. [Dr. Declan Fleming] [Dr. Ann M. Torres] Page 6 of 6