Sample ENES 462: Marketing High-Technology Products and Innovations COURSE DESCRIPTION Marketing of high-technology products occurs in turbulent environments, and requires rapid decision making with incomplete information. Innovations are introduced at frequent intervals, research-anddevelopment spending is vital, and there are high mortality rates for both products and businesses. This course will provide a balance between conceptual discussions (based on readings of concepts and practices) and applied/hands-on analysis (analyses and projects). COURSE GOALS Course goals related to technology marketing in this unique, fast-paced environment, include: Learning models and tools used to gather marketing research and customer intelligence Understanding the need for, and difficulties in, adopting a customer-orientation Adapting and applying the marketing mix to a fast-paced, high-technology environment COURSE MATERIALS Mohr, Sengupta, and Slater. (2010). “Marketing High-Technology Products and Innovations”, 3rd Edition, Upper Saddle River, NJ: Prentice-Hall. ISBN-13: 978-0136049968 GUIDELINES FOR ALL COURSE ASSIGNMENTS The following guidelines apply to all assignments without exception. All written assignments will be in 12 pt font, Times New Roman, & single-spaced with 1” margins, with the exception of presentations that will be delivered using PowerPoint. Print and bring all assignments in hardcopy to class at the start of class on the due date. Late assignments are not accepted. All written work must be submitted at the beginning of class on the date due. If you will not be in class on the due date, your paper must still arrive by the time and date it is due. You are certainly encouraged to turn in papers before the deadline. Do not exceed the page limit requirement as stated in each assignment (minimum 5 pt. penalty). Assignments not meeting all of these guidelines will not be accepted. Sample GRADING Hinman CEOs Program Activities & Events 5% Interim Deliverables In-class Assignments 40% Core features and functions Key partnerships and alliances Market segmentation Plan for “Crossing the Chasm” The technology map & IP portfolio Supply chain and distribution channel plan Pricing plan Advertising and promotion plan Visual prototype development Test plan development Customer feedback analysis Functional prototype development Marketing Plan Visual Prototype Presentation Final Deliverables Final Presentation Funding Proposal Peer Evaluation 10% 5% 15% 15% 10% 100% Marketing Plan - Integrating and expanding on deliverables to date, as a group of up to 3, develop a comprehensive 10-page marketing plan based on the outline provided in the text on page 43-44. Visual Prototype Presentation - Each team will present a visual representation of the product in class. Final Presentation – Develop an integrated presentation based on the NCIIA E-Team Grant criteria and including highlights of the test plan, customer feedback analysis, prototype, and marketing plan. E-Team criteria (http://nciia.org/eteam_guidelines) to include: 1. Technology innovation and feasibility; 2. Business model and commercial potential; 3. Positive social and/or environmental impact; and 4. Team composition, commitment, and expertise (including any advisors and/or mentors). Funding Proposal - Develop a funding proposal for an NCIIA E-Team Grant Program ($75,000). Peer Evaluation - Each team member will submit a confidential peer evaluation of the other member of the group. At least 10% of the course grade is based on this evaluation. Deductions from the team deliverable grades will also be made in cases of poor performance. ATTENDANCE AND PARTICIPATION POLICY Sample Attendance is required, as topics increase in complexity and build upon on another daily. You are expected to come to class prepared, and play an active role in the discussions that take place during class periods. University policy excuses the absences of students for illness (self or dependent), religious observances, participation in University activities at the request of university authorities, and compelling circumstances beyond the student's control. Students must request the excuse in writing and supply appropriate documentation, e.g., medical documentation. Students with written, excused absences are entitled to a makeup exam at a time mutually convenient for the instructor and student. In order to stimulate active learning, class will be discussion-oriented. Obviously, the quality of a discussion class is a function of the quality of each student’s preparation. I am most interested in your ability to demonstrate learning of class concepts (from the readings), which could include description/elaboration on concepts in readings (for example, see suggested discussion questions at the end of each chapter), an application of class concepts to current events (i.e., show how class concepts relate to current events, or analyze current events in terms of class concepts), and/or a critical assessment of class concepts (i.e., conditions under which they would be more or less useful, and why). Because we are here for the purposes of learning, it is entirely appropriate to ask provocative questions as part of the learning process. My evaluation stresses the thoughtful, meaningful contributions to class discussions and not the quantity of participation per se. Quality participation is based on the quality of the insights exhibited, the student's ability to maintain continuity of discussion (i.e., pays attention to existing discussion/prior comments) and answer follow-up questions (which requires some degree of thought about the material—above and beyond mere reading--prior to class). Finally, your contribution to the spirit of the class (contributes to a positive learning environment) is also important. For inclement weather, the course will adhere to the university schedule. Official closures and delays are announced on the campus website and snow phone line (301-405-SNOW) as well as local radio and TV stations. The University of Maryland policy on religious observance states that students should not be penalized in any way for participation in religious observances and that, whenever feasible, they should be allowed to makeup academic assignments that are missed due to such absences. However, the student must personally hand the instructor a written notification of the projected absence within two weeks of the start of the semester. The request should not include travel time. It is the student's responsibility to inform the instructor of any intended absences for religious observances in advance and that prior notification is especially important in connection with final examinations, since failure to reschedule a final examination before the conclusion of the final examination period may result in loss of credits during the semester. ACADEMIC INTEGRITY The University is one of a small number of universities with a student-administered Honor Code and an Honor Pledge.. The Code prohibits students from cheating on exams, plagiarizing papers, submitting the same paper for credit in two courses without authorization, buying papers, submitting fraudulent documents, and forging signatures. The University Senate asks instructors to consider asking students to write the following signed statement on each examination or assignment: I pledge on my honor that I have not given or received any unauthorized assistance on this examination (or assignment). Compliance with the code is administered by the Student Honor Council, which strives to promote a “community of trust” on the College Park campus. Allegations of academic dishonesty should be reported directly to the Honor Council (314-8450) by any member of the campus community. For additional information, consult the Office of Student Conduct website. For a description of the University's definition of academic dishonesty, suggestions on how to prevent cheating, and practical answers to frequently asked questions about the Code of Academic Integrity, consult the Student Honor Council's Resources for Faculty webpage. Sample ACCOMMODATIONS FOR STUDENTS WITH DISABILITIES The University will provide appropriate accommodations for students with documented disabilities. In order to ascertain what accommodations may need to be provided, students with disabilities must inform faculty of their needs at the beginning of the semester. Sample SCHEDULE We will operate as a “flipped classroom” this semester. The readings and recorded online lectures should be completed before the class on the day indicated. During our face-to-face time, we will work collaboratively on assignments and projects. In this model, you will do the bulk of your homework in class and your lecture classwork at home. Module 1: Ideation Date 1/24 Class 1 1/29 2 1/31 3 Topic Welcome Event Meet at Terp Zone Introduction to Marketing High-Technology Products and Innovations Pre-Class Assignment In-Class Assignment Strategic Market Planning Discuss concepts and form teams of up to 3 2/5 4 Market Orientation and Cross-Functional Interaction 2/7 5 Partnerships and Alliances 2/12 6 Market Research I of II 2/14 7 Market Research II of II Read: Chapters 1 & 2 of Mohr, et.al. View: Online lecture Introduction to Marketing High-Technology Products and Innovations View: Online lecture on Strategic Market Planning Read: Chapter 4 of Mohr, et.al. View: Online lecture on Market Orientation and Cross-Functional Interaction Read: Chapter 5 of Mohr, et.al. View: Online lecture on Partnerships and Alliances Read: Chapter 6 of Mohr, et.al. View: Online lecture on Market Research I View: Online lecture on Market Research II Core features and functions of the technology-based product or service & the market orientation Key partnerships and alliances Market segmentation, to include customer demographics and psychographics Survey design 5 Sample Module 2: Go to Market Strategy Date 2/19 Class 8 2/21 2/26 9 10 2/28 11 3/5 12 3/7 13 3/12 14 3/14 15 3/26 16 Topic Understanding Customers Pre-Class Assignment In-Class Assignment Plan for “Crossing the Chasm” Read: Chapter 7 of Mohr, et.al. View: Online lecture on Understanding Customers Guest Speaker: Blake Robertson, CTO of Alertus and Hinman CEOs Alumnus Technology and Product Management The technology map & IP Read: Chapters 8 of Mohr, et.al. portfolio View: Online lecture on Technology and Product Management Supply Chain Management and Distribution Supply chain and distribution Read: Chapter 9 of Mohr, et.al. Channels View: Online lecture on Supply Chain channel plan Management and Distribution Channels Pricing Pricing plan Read: Chapter 10 of Mohr, et.al. View: Online lecture on Pricing Advertising, Promotion, and Branding Advertising and promotion Read: Chapters 11and 12 of Mohr, plan et.al. View: Online lecture on Online Marketing View: Online lecture on Branding Innovative Corporate Cultures Work on marketing plan due Read: Chapter 3 of Mohr, et.al. 3/14 View: Online lecture on Innovative Corporate Cultures Guest Speaker: Patricia E. Campbell, J.D., LL.M., UM Law School Associate Professor, Director of the Maryland Intellectual Property Legal Resource Center Company Selection and Reassignment Realign with new teams 6 Sample Module 3: Prototyping and Testing Date 3/28 4/2 4/4 4/9 4/11 Class 17 18 19 20 21 4/16 4/18 4/23 22 23 24 4/25 25 4/26 26 Topic Pre-Class Assignment Visual Prototype I Read: See Canvas for reading Visual Prototype II Read: See Canvas for reading Visual Prototype III Read: See Canvas for reading Test Plan Read: See Canvas for reading Whiting-Turner Business & Entrepreneurial Lecture Series Adam Ostrow, Chief Strategy Officer at Mashable and Hinman CEOs Alumnus Meet in the Kim Engineering Building Testing and Customer Feedback Read: See Canvas for reading Testing and Customer Feedback Functional Prototype Read: See Canvas for reading In-Class Assignment Visual prototype development Visual prototype development Visual prototype presentations Test plan development Customer feedback analysis Customer feedback analysis Functional prototype development Whiting-Turner Business & Entrepreneurial Lecture Series Warren Citrin, Co-founder of Solipsys, Gloto, and Alchemee Meet in the Kim Engineering Building UM $75K Startup Challenge Final Presentations due noon on 4/30 See bpc.umd.edu for details NCIIA E-Team Funding Proposals due noon on 4/30 Module 4: Team Presentation Date 4/30 5/2 5/7 5/9 Class 27 28 29 30 Topic Final Presentations I Final Presentations II Final Presentations III Graduation Event Pre-Class Assignment In-Class Assignment *Bold: Indicates joint session with ENES 464 7