Marketing Management -2 Program Course Code Course Title Teaching Period Credit Points Mode of Delivery Course Faculty Phone Email id 1. : PGDM 20-22 : : Marketing Management 2 : Ist Year-Trimester- 2 : 3 Credits : 33 hours of Lecture & Project : Prof. Narendra babu B V :9110661607 : narendra.bbv@iba.ac.in Course Aim(s): This course has two distinct but inter-related aims. These are outlined below. 1. To enable the students in understanding the importance of marketing and it’s planning in the organization. The course seeks to ensure that, students have an understanding of the meaning of value proposition. The course also offers to inculcate relevance and importance of marketing in Businesses. 2. To highlight the fundamental concepts and planning of market offerings relevant to market situations. The course intends to bring out the strategic thinking among students related to marketing and would provide a basis of evaluating and developing simple Marketing Plans. 2. General Program Intended Student Learning Outcomes (General Program ISLOs) IBA prepares students to be able to: Demonstrate sufficient understanding of concepts in Marketing management. Articulate real-world business situations through conceptual understanding Exhibit critical thinking skills that are necessary to integrate different functional areas of management in evaluating alternate business situations Acquire competency in innovative thinking to pursue entrepreneurship and/or intrapreneurship Work in teams as well as acquire leadership qualities in a dynamic business environment through an active engagement in curricular and co-curricular activities Apply appropriate quantitative tools to analyze real world business situations Demonstrate necessary oral and written skills to effectively interact with their stakeholders Show sensitivity to ethical issues arising out of society and business interface Develop an aptitude towards research and continuous learning 3. Intended Student Learning Outcomes for Marketing Management II: After successfully completion of course, students should be able to: 1. Describe the process of new product development, and factors influencing Diffusion of innovation and branding. 2. Identify the differences and similarities between service and product 3. Explain different pricing objectives, methods and illustrate and rate different Pricing strategies 4. Examine and compare distribution strategies adopted by different marketers& appraise the market condition, consumer behavior and design a suitable Marketing mix 5. Appraise marketing communication strategies and evaluate their effectiveness 6. Marketing applications in rural, national and international marketing; Consumer and B2B marketing scenarios. This document is prepared by Prof Narendra babu B V Page | 1 7. Describe the relevance of Ethics in marketing, Sustainability marketing & CSR in Marketing 8. Apply Marketing management theory to solve Marketing management Problems and thus work on marketing planning. 4. Contribution to the General Program Intended Student Learning Outcomes. Marketing is a very important activity in the value chain and understanding the fundamentals of Marketing Management and Marketing planning would enable the students to get better Internships and placements. In this direction, the course offers an extensive learning experience that would match the skills and requirements of the industry. 5. Learning Resources: 5.1 Textbooks: 1. Kotler.,Philip, Keller ,Kevin., Marketing Management, 15th Edition, Pearson Publications, ISBN 978-93-325-5718 2. Baines ,Paul., Fill, Chris., Page, Kelly., Sinha, Piyush., Marketing, Asian Edition, Oxford University Press, ISBN 0-19-807944-3 5.2 Other Learning Resources (Selected Management Related Journals may be suggested here) 1. 2. 3. 4. Harvard Business Review Marketing White book Asian Journal of Marketing Indian Journal of Marketing 5.3 IBA Resources (if applicable) EBSCO, JGATE, etc r This document is prepared by Prof Narendra babu B V Page | 2 6. Sessio n 1 2 Learning and Teaching Activities: Topic Contents New Product Development Branding New product development process, New product Diffusion process. Branding process, Branding Models Learning and Teaching Activity Learning Outcomes L1 “Boeing Case study” HBS case Class quiz / test L1 “ Burberry case study” HBS Case, Class test 1 3 B2B ,Services Marketing Service as an intangible product, Service Blue prints, Service failures, B2B marketing, DMU “American Express cards” Case study HBS case study L2,L6 4 Product strategies and pricing models Packing and labelling concepts warranty and Guarantees. Various Pricing models, Pricing Thermometer Articles on pricing and articles on Marketing Plan. Class test 2 5 Digital Marketing SEM, Video Marketing, Social Media marketing, Digital Marketing Basics. 6 Rural Marketing Concepts in Rural Marketing, Selling to the bottom of the pyramid 7 International Marketing Introduction to International Marketing , International Marketing Scenarios. 8 Promotional Strategies and Distribution strategies Sustainability and CSR concepts in Marketing Project evaluation Project evaluation Promotional mix strategies and Media Planning, Channel strategies, Concepts in retail management. L2, L3 L4, L6 HBR article on “Fortune at the bottom of the Pyramid” Class test 3 L6 “ Disney in Hong kong” case 9 10 11 Ethics in marketing, Sustainability marketing, CSR in marketing. Project Presentations Project Presentation L4,L5,L6 Class test 4 L7 “Sustainable Tea at Unilever” HBS case Evaluations Class test 5 Evaluations L8 L8 This document is prepared by Prof Narendra babu B V Page | 3 7. Assessment Plan: Components of evaluation are very crucial pertaining to assessing the learning goals and objectives of the course. Keeping in mind students’ heterogeneous background, and strategies specified above, the following components of evaluation have been designed to assess the learning goals and objectives. Quizzes, Mid-term and End-Term Test will evaluate the conceptual clarity of each student in terms of their ability to remember and understand these concepts. Case Analysis workshops will assess the learning outcomes related to application, analysis and evaluation of marketing concepts taught in this course. Assessment Class Test By Session 2 4 Case study and evaluations Weight 15% of the overall grade( Each test accounting for 3%of the overall grade) Learning Outcomes L1, L2, L3,L6 6 L4,L6 8 L4,L5,L6 10 L7 1 2 3 6 7 9 10% of the overall grade ( each case accounting for 4% of the overall grade L1 L2 L2,L6 L6 L6 L7 Mid Term Exam Close Book Written Exam of 3 Hours on the content covered in the course by that time. Question paper will consist of concepts and application based questions and casestudy. 25% of the overall Grade L1,L2,L3,L4, End Term Exam Close Book Written Exam of 3 Hours on the content covered in the course from midterm till the end of trimester. Question paper will consist of concepts and application based questions and casestudy. Marketing Plan 30% of the overall grade L1 TO L8 20% of the overall grade L8 Project work This document is prepared by Prof Narendra babu B V Page | 4 Case Analysis Description: Students will be divided in to learning groups and each student will be required to come prepared with the assigned reading for the class. Students’ assessment will take place based on their case analysis and contribution to the discussion. Some cases will require back of the envelope calculations and use of excel templates and students will be required to come prepared with the possible solutions for same. The students will be informed about the case analysis and presentations in the first session of this course. Criteria Level 1 (Beginning) (Marks Range 8 – 10 out of 20) Level 2 (Intermediate) (Marks Range 12 – 15 out of 20) Level 3 (Mature) (Marks Range 16 – 20 out of 20) Situation Analysis The situation is more or less Situation is analyzed, but not in ignored and the student failed depth. All stakeholders are not to understand the environment analyzed and the context of the case In-depth situation analyses, and analyses of all take holders are done Problem/Issue identification Only a few or no real Some diagnosis was done, but Properly detailed diagnosis problems are identified, no symptoms are highlighted and not was done, all symptoms are evidence of detailed diagnosis the problems studied and real problems/issues are identified Analyzing, Developing options and selecting the best option Analysis is not Some options are identified, but comprehensive, very few the details of risk and rewards of options are identified. Proper selecting the options are not justification of selecting a presented. particular option not presented Multiple options are developed, and detailed risk analysis of all options are done, with clear decision and justification of selection of the best option Implementation Plan and Plan B No details on implementation A general approach of and plan B provided implementation is provided and Plan B is not fully developed A detailed action plan for the implementation is provided and well– developed Plan B is presented Criteria and Marking: Students will analyse cases and lead and participate in discussions in the classroom. (A detailed rubric for both participating and leading a discussion is given below for your reference.) Class tests / Quizzes: are basically tests to evaluate the students for their continuous learning. Class tests are intended to test the theoretical knowledge. The grading pattern for the tests / Quizzes will be on a scale of 3 (with lowest being 0 and highest being 3) and the scores will later be added / converted to the equivalent for final grades. This document is prepared by Prof Narendra babu B V Page | 5 8. Other Policies and Guidelines 1. Late submission Policy: Normally, Late submissions are not accepted. For all Late Submissions, 30% of the marks will be deducted. 2. Plagiarism and Copying Policy: Genuine reports and submissions are appreciated. Copying and Plagiarizing is strictly prohibited and if found, would result in awarding a Zero / Failing grade. 3. Class participation guidelines: Students are expected to come to class fully prepared for the assignments and class readings. They are also expected to participate in classroom discussions meaningfully. Class participation should bring about proper Understanding of the topic and should add value to the overall learning of the class. This document is prepared by Prof Narendra babu B V Page | 6