Indian Institute of Management Rohtak Post Graduate Programme in Management Term 1 (2023-24) Course Outline: Marketing Management-I Course Type: Core Credit: 1 Sessions: 20 Session Duration: 75 minutes Instructor: Dr. SK Pandey (sk.pandey@iimrohtak.ac.in) Dr. Ankita Sahai Dr. Archit V. Tapar (archit.tapar@iimrohtak.ac.in) Introduction & Objectives: Marketing is a philosophy. Each person is trying to sell something in the larger environment. A crying child is trying to communicate that s/he needs attention from parents. A business tries to create, communicate, and deliver value to its stakeholders. This course seeks to establish a framework for delivering value to customers through marketing functions. Marketing operates in VUCA (Volatility, Uncertainty, Complex, and Ambiguity) environment. Fast-changing global markets, environmental challenges, and sustainability are just a few common trends transforming the business landscape. The course would enable participants to understand, create, and manage the value creation and delivery process. It would focus on strategic components of marketing planning and execution. Learning Outcomes: The following may be the learning outcomes of the course: To understand the marketing orientation of organizations in relation to their business environment. To understand, appreciate and apply the basic concepts and frameworks for strategic market planning. To understand and analyze the basic frameworks related to business and consumer markets. To understand and apply the strategies for segmentation and targeting of market space. To develop an understanding of marketing decision support systems. To understand the concepts and frameworks related to customer value creation. Pedagogy: The class is an appointment between you and us on a pre-decided plan. Hence, it is your responsibility to be prepared with the readings for the session and discussion on the case within the group before the class. Class participation, case analysis, discussion, assignments, and group project work will be used as significant sources of learning. You should put yourself in the shoes of the protagonist of the case and take decisions accordingly. Hence, during the case discussion, you must use words like “I/me/myself” while communicating decisions. Evaluation Scheme: Class Participation/Assignments: Quizzes Group Project Mid-term Exam End-term Exam 15% 10% 15% 30% 30% 1 Special Instructions Participants need to read and analyze the case well in advance. Cases, readings, and exercises for each session are indicated in the Session Plan. Further, the participants are required to make a one-page handwritten decision sheet and submit it before the start of the session. After making the decisions, the participants must discuss them within the group before the class. Submission deadlines are to be strictly adhered to. Late submissions would not be evaluated. References: The following text is prescribed for the course. The relevant chapter of the text is mentioned in the session-wise plan for each session. 1. Text Book Lamb, Hair, Sharma and McDaniel, MKTG, Latest Edition (2015 or recent), Cengage Learning, India 2. Other Readings (to be arranged by participants) Kotler, Keller Jha and Koshy, Marketing Management: A South Asian Perspective, 14th Edition (2012), Prentice Hall, India Basic Marketing: marketing strategy planning approach: Perreault, W.D, Cannon, J.P., and McCarthy, E.J. McGraw Hill Marketing: Grewal and Levy. McGraw Hill Session Plan Modules Introduction to Marketing (Understanding the Market) Session Topic 1 An Overview of Marketing: 1. Understanding what is marketing, and marketing 2. management philosophy 2 Strategic Planning for 6. Marketers: Situation Analysis, Competitive Advantage: Cost competitive advantage and product/service differentiation competitive advantage. Strategic Planning for 8. Marketers (Contd.): Strategic alternatives, Marketing Mix, Marketing plan. 3 4 5 Ethics and Social Responsibility from a marketing perspective: Ethical Behaviour, Ethical Decision Making, Social responsibility for the firm. The Marketing Environment: Technological factors, Political and legal factors, and competitive factors. 2 Case/Article (Compulsory Reading) Case: Vora and 3. Company (IIMA) 4. 5. Levitt T. (1975) 7. Marketing Myopia (HBS) Case: Reinventing Adode (HBS) Case: The Cable 9. Contract (IIMA) Case: Colgate vs. P&G (HBS) Activity/Additional Reading Chapter 1 Shapiro B.P. (1986). An Introduction to Marketing. HBS Chapter 2 Steenburgh, T. J., & Avery, J. (2010). Marketing Analysis Toolkit: Situation Analysis, HBS. Chapter 3 Chapter 4 6 7 8 9 10 Analysing marketing opportunities (Identifying the market) 11 12 13 14 The Marketing Environment (Contd.): Social factors, Demographic factors, Economic factors (purchasing power). Developing a Global Vision: Global marketing, External environmental factors affecting global marketers. Global Marketing Mix: Product & Promotion, Promotion adaptation, Place & Distribution and Pricing. Consumer Decision-Making: Need recognition, Information search, Evaluation of alternatives and purchase. Post-purchase behaviour, Factors affecting consumer buying decisions. Consumer Decision-Making (Contd.): Following up with Factors affecting consumer buying decisions Case CavinKare Private Ltd. (IIM A) Analyze and present the marketing environment concerning your project/focal company Case: BOS Brands: challenges of Internationalization (Emerald) Chapter 5 Case: chotuKool: "Little Cool," Big Opportunity (HBS) Chapter 6 Group Assignment* Business Marketing: What is Business Marketing, Types of Business customers- producers, resellers, government, institutions. Business Vs Consumer Markets. Types of Business Offerings. Introduction to Business Purchase Behavior. Segmenting and Targeting Markets: Bases of segmenting consumer markets and business markets. Steps in Segmentation. Strategies for selecting target markets. Positioning Strategy: Perceptual Positioning, Positioning Bases, Repositioning. Decision Support Systems and Marketing Research: Marketing Decision Support Systems, Steps in Marketing Research Project. Decision Support Systems and Marketing Research Steps in Marketing Research (Continued.). Impact of the Internet on Marketing Research. Case: VNFPP Ltd (IIMB) Chapter 7 Corey, E. R. Industrial behaviour, HBS Case: The Fashion Channel (HBS) Chapter 8 Case: Clean Edge Razor (HBS) Chapter 8 Case: PH: Using Marketing Research to Gain a Competitive Edge Chapter 9 Dolan R.J. (1991) Marketing Research, HBS 3 Case: Marketing brand Aava: not as simple as water (Emerald) Case: PJ Murugan: Chasing Growth Through Mergers and Acquisitions (1982). Buyer Shaping the market offerings. (Creating customer value) 15 Product Concepts: Types of consumer products, New product development, Branding, and Packaging. Peebuddy: ladies, it’s time to standup! (Emerald) 16 Developing and Managing Products: Introduction to product items, lines and mixes, Spread of new products, diffusion of innovation, adoption. Product life cycle. Case: Mobiles 17 Services and Non-profit Organization Marketing: How services differ from products, intangibility, inseparability, heterogeneity, perishability. Service quality. Marketing mix for services. Case: Jai Vakeel Foundation: Addressing Disability (HBS Product #: 520010-PDFENG) LAVA Non-Profit Organization Marketing and their unique aspects. 18&19 20 Project Presentations Comprehensive Case Case: Planters Nuts (HBS Product #: 516004-PDFENG) 4 Chapter 10 Levitt T. (1980) Marketing Success Through Differentiation – anything (HBS) Chapter 11 Chapter 12 Table of Contents Sl. No. 1 Reading/ Case No. 10. R1 2 R2 3 R3 4 5 R4 R5 6 R6 7 8 9 10 11 C1 11. 12 C6 13 C7 14 C8 15 16 17 C9 C10 C11 18 C12 19 C13 20 21 22 C14 C15 C16 23 C17 C2 C3 C4 C5 Title Shapiro B.P. (1986). An Introduction to Marketing. HBS Levitt T. (1975) Marketing Myopia (HBS) Steenburgh, T. J., & Avery, J. (2010). Marketing Analysis Toolkit: Situation Analysis, HBS. Corey, E. R. (1982). Industrial Buyer Behavior, HBS Dolan R.J. (1991) Marketing Research, HBS Levitt T. (1980) Marketing Success Through Differentiation – anything (HBS) Vora and Company (IIMA) Reinventing Adode (HBS) The Cable Contract (IIMA) Colgate vs. P&G (HBS) CavinKare Private Ltd. (Part A) (IIM A) BOS Brands: challenges of internationalization (Emerald) chotuKool:"Little Cool," Big Opportunity (HBS) Marketing brand Aava: not as simple as water (Emerald) VNFPP Ltd (IIMB) The Fashion Channel (HBS) Clean Edge Razor (HBS) PH: Using Marketing Research to Gain a Competitive Edge PJ Murugan: Chasing Growth Through Mergers and Acquisitions Peebuddy: ladies, it’s time to stand-up! (Emerald) LAVA Mobiles Jai Vakeel Foundation: Addressing Disability (HBS Planters Nuts (HBS) ‘R’ indicates readings, and ‘C’ stands for cases. 5 Session No. 1 2 3 10 13-14 15 1 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 20 Group Project details: As a group, you are required to identify a conglomerate (e.g., Tata, HUL, and so on). The conglomerate should have at least five SBUs. You have to further choose one SBU for marketing strategy. Within the chosen SBU, select one product. Ensure no two groups in a class choose the same conglomerate. You are required to perform the following analysis on the conglomerate/SBU/product. Part 1: Marketing myopia – Conglomerate/SBU. I. Which marketing management philosophy does your Conglomerate/SBU follow? II. Is your Conglomerate/SBU myopic in following the management philosophy? III. Is your Conglomerate/SBU adaptable to the shifting paradigm? Submission Deadline: Session# 2 Part 2: Analyse and present the marketing environment concerning your project and identify market opportunities and challenges. (SWOT, PESTEL, 5C) Submission Deadline: Session# 6 Part 3: Your group should meet consumers/prospective consumers. Based on the in-depth discussion with each consumer, the group should discern the following. I. What were the triggers of purchase? II. What were the stages in the purchase processes? III. What inputs were sought at each of these stages? IV. Who played what kinds of roles in each stage? and V. Approximately how much time was taken in each stage? Submission Deadline: Session# 10 Part 4: Revisit the STP of the product and suggest appropriate changes in line with the analysis performed in Parts 1, 2 & 3. Submission Deadline: Session# 14 Part 5: 1. Give a brief of the product mix/line analysis concerning your product. At what stage of the product life cycle is your chosen product? 2. Suggest a detailed action plan to revive your product. Submission Deadline: Session# 16 Final submission and presentation: The final version of your project would consist of all the revised parts of the group project from parts 1-5, followed by an in-class presentation. Submission Deadline: Session# 17 Note: The group submission report should mention the references/sources used for the project. The format for submission: Word document with Font size 12, Times new roman, line spacing 1.5, and margins 2.54 cm from all sides. The word document should be named “SecZ_Group0_name of Product”. Each group must collect primary data. 6