Marketing Student Learning Objectives #1 apply knowledge #3 contemporary issues #4 broad education #5 multi-disciplinary teams #6 professional and ethical responsibility #7 communicate effectively Overview • • • • • • Core Competence Dominant Design Acceptability Adaptability SWOT Analysis & Application Lesson Plan Development Core Competence • • • • • Primary area of specialization Knowledge acquisition Collective learning Coordination of skills and technology Example – Radiator Company – Brazing of aluminum Test for Core Competence • Providing access to a wide variety of markets • Adding to the benefits of the end product as viewed by the customer • Discouraging imitation by competitors Describe a car. Dominant Design • Standard model – Perception – Function – Cost Acceptability • • • • • • • Functional performance Acquisition cost Ease-of-use characteristics Operating cost Reliability Serviceability Compatibility Adaptability • Identifying target market – Demographics • Geography • Socioeconomic status • Usage: need versus want • Expanding demographic SWOT Analysis www.discoveryresearchgroup.com SWOT Analysis Application Create a strategy for success. www.easy-marketing-strategies.com Lesson Plan Development • Lesson goals – What should students know at the end of the lesson? • Lesson objectives – Match to curriculum standard. • Pedagogical strategy – How are you going to teach? • Student assessment – Measure if and to what extent the students learned the lesson. Differentiate Between Grading and Assessing • Grading – Failed to put parenthesis in calculator resulting in an order of operations error when calculating Rparallel – Receives grade reduction • Assessing – Chose correct equation • Substantially met: an ability to identify, formulate, and solve engineering problems – Made mathematical error • Failed to meet: an ability to apply knowledge of mathematics Example – Smartphone • Choose SLO – Students will describe how scientific and technological developments affect society and the environment. • Identify Skill – Describe = give an account in words – Identify relationship between technology and society / environment • Test for Success – Exam Essay • Write a paragraph to explain how society and the environment would be affected if a new semiconductor memory chip is developed and allows for more storage on a smartphone. • Develop a rubric – Student identifies that many people within society will likely purchase new phone. – Student identifies more raw materials are needed which impacts the environment. – Student identifies the need to recycle, repurpose, or resell current phone to prevent landfill increase. – Student identifies new “apps” will be developed impacting more businesses. Conclusion • • • • • • Core Competence Dominant Design Acceptability Adaptability SWOT Analysis & Application Lesson Plan Development Questions Budgets Budget Format • Use table format with gridlines. • Round to nearest dollar. • Be sure to discuss the total in the text. Table 1 illustrates the management budget. It includes such items as glue and paper which were needed for brainstorming ideas. The total cost is approximately $140. Table 1: Management budget shows a cost effective project. Description Cost Computer Software $ 130 Paper Copies $ 5 Glue $ 3 TOTAL $ 138