Marketing and Innovation in Renewable Materials, WSE 455/555 Instructor: Office: Phone: email: Eric Hansen 119 Richardson Hall 7-4240 Eric.Hansen2@oregonstate.edu Text: Strategic Marketing in the Global Forest Industries 2nd Edition, 2011, Hansen & Juslin. Various readings available via Blackboard Credits: 4 Schedule: M,W 2:00-3:50 Richardson Hall 243 Prerequisites: None Course Objectives: Develop skills to create a strategic marketing plan. Provide a working knowledge of marketing and innovation in the renewable materials industries as well as business trends, market segments, and participating companies. Develop skills for the application of basic marketing fundamentals to the marketing of renewable materials. Develop written and oral communication skills. Develop problem-solving and decision making skills through the analysis of renewable materials marketing and innovation problems. Students with Disabilities: Accommodations are collaborative efforts between students, faculty and Disability Access Services (DAS). Students with accommodations approved through DAS are responsible for contacting the faculty member in charge of the course prior to or during the first week of the term to discuss accommodations. Students who believe they are eligible for accommodations but who have not yet obtained approval through DAS should contact DAS immediately at 737-4098. Statement of Expectations for Student Conduct: http://oregonstate.edu/admin/stucon/achon.htm Evaluation of Student Performance: Midterm Exam (take home) 10% Final Exam 20% Company Report 15% Marketing Plan (group project) 30% Participation 25% Total 100% Letter grades will be assigned as follows: A 93-100%; A- 90-92%; B+ 87-89%; B 83-86%; B- 80-82%; C+ 77-79%; C 73-76%; C- 70-72%; D+ 6769%; D 63-66%; D- 60-62%; F <60% Classroom Etiquette: Participation is a large component of your grade. Accordingly, you need to come to class prepared to intelligently discuss the topic of the day. I don’t want to see your cell phones during class. Course Summary: Marketing and innovation rely heavily on effective communication, so this course concentrates heavily on written and oral communication. The course will arm you with the skills necessary to apply basic concepts of marketing and innovation in the renewable materials industries. Application will be highlighted through examples and industry speakers relating coursework to the day-to-day work in renewable materials business. See learning objectives and daily schedule for detailed course content. Current events: Staying up to date on current global events is important for marketers. For every class you should be prepared to discuss a current event and why it may be important to marketing and/or innovation of renewable materials. Potential sources of information are endless – here is one very good one: http://treefrogcreative.ca/news/news.php Exams: Exams will consist of essay questions and will cover all materials including the text, lectures, industry speakers, class discussions, etc. The final exam will be comprehensive. You must use good spelling and decent grammar. The midterm exam will be take home followed by peer grading and finally my grading. Graduate student exams will contain additional questions beyond that required of undergraduates, will cover additional readings, and grad students will be expected to provide more in-depth and synthesized answers. Company Report: An in-depth look at a variety of companies will allow you to better understand the dynamics of the industry and common strategies and innovation and marketing practices. Each of you will be assigned a renewable materials company about which you will give an oral report including the following aspects: company history (including mergers/acquisitions) major product lines corporate strategies marketing strategies and systems R&D and innovation management strategies/practices future plans sources of information The oral report will be limited to 10 minutes and will be judged on content and presentation. Part of your participation grade will be tied to active interaction and asking questions of your colleagues. Please note: this is not a web only exercise. You should make it very clear how you have used the company annual report and/or other non-homepage materials. You MUST provide your presentation to me electronically by noon the day you present. Marketing Plan: You will create a marketing plan. The plan will be structured following the plan shown in the textbook, Chapter 7. Good grammar and proper spelling are critical. This will be a group project with groups decided by the second week of class. You will produce a written plan as well as create and give a presentation to the sponsor. Creation of the plan may require primary data collection. Measurable Student Learning Outcomes: (additional graduate objectives in bold) Introduction Explain the basic concept of marketing Describe course requirements (i.e., you should read the syllabus) Define basic types of innovation Explain the difference between innovation and innovativeness Analyze the intersection between marketing and innovation Globalization, Industry Issues & Trends Explain the concept of globalization and its impact on renewable materials Summarize major global industry issues & trends Define corporate social responsibility Explain ethical considerations in marketing and new product development Evaluate ethical considerations in marketing and new product development Relate globalization trends to major changes occurring in industry Understanding Marketing and Innovation Explain how marketing has changed over time Explain the concept of environmental marketing and why it is important Understand logic of the Integrated Model of Marketing Planning Define corporate social responsibility Explain ethical considerations in marketing and new product development Evaluate ethical considerations in marketing and new product development Analyze why innovation is no longer optional, but a necessary activity in every competitive business Creating a Marketing Plan Describe the IMMP and Model of Information Environment Describe the relationship between these models and the textbook Explain the importance and use of information in marketing List appropriate places to find market information Evaluate relevance and quality of market information Strategy Distinguish between corporate and marketing strategies Define an SBU and an SBA Outline the major steps to corporate strategic planning Use various portfolio matrices in decision making Explain why as markets change, capabilities must evolve to keep pace Explain why strategic accounts are becoming more common and their importance in strategic planning Explain the concept of total product and its role in differentiation Draw the product differentiation spectrum and explain its logic Explain a logical marketing strategy Explain logical relationships among strategies, structures, and functions Formulate a logical marketing strategy and compare it to Porter’s approach Management: Marketing and Innovation Define marketing management Define innovation management Describe the evolution in marketing relationships Define relationship marketing Outline the advantages of close relationships Describe supply chain management and its apparent advantages Assess the role of metrics in successful innovation management Strategies and Structures Understand basic concepts around structures and functions of strategic marketing The New Product Development and Creating and Evaluating Ideas Describe the stage-gate approach to new product development Understand the current situation for new product development in the renewable materials industries Contrast NPD in the renewable materials industries to those with more active NPD Describe NPD strategies Understand unique situation for small and medium size enterprises Describe methods for collecting ideas from secondary sources Describe methods used for ideation Describe how to utilize user-based innovation (obtaining and translating the voice of the customer) Describe methods for evaluating product concepts Produce a plan for stimulating and collecting innovative ideas General Course Agenda: Monday Wednesday Globalization, Industry Issues & Trends Week 1 April 1 & 3 Introduction Basics of Marketing and Innovation Read: Text Chapter 1, PWC Growing the Future, completed carbon footprint (http://myfootprint.org/en/) Grad Read: Panwar et al. 2007 Understanding Marketing Week 2 April 8 & 10 Read: Text Chapter 2, Hansen 2010 Strategic Marketing Jane Han – Industry Marketing Practice Strategy Week 3 April 15 & 17 Week 4 Reading: Textbook Chapter 4, Hansen 2011 Grad Reading: Hansen & Juslin 2006 Gordon Culbertson, Forest2Market April 22 & 24 Information in Marketing & Marketing Planning Read: Text Chapter 3 & 7 Ari Sinha Innovation in the forest sector Read: Hansen et al. 2007 Miika Kajanus, Forest Industry Innovation in Finland Steve Killgore & Nadine Orozco, Roseburg Forest Products Example company presentation Strategy Week 5 Reading: Textbook Chapter 4, Hansen 2011 Grad Reading: Hansen & Juslin 2006 April 29 & May 1 Take home exam Marketing Management Read: Text 135-156, Hansen et al. 2007 Grad Reading: Michael & Ray 2008 Take home exam due Week 6 May 6 & 8 Week 7 Company presentations Peer graded exams due Company presentations Take home exam due Company presentations May 13 & 15 Week 8 Company presentations May 20 & 22 Week 9 Memorial Day May 29 Week 10 June 3 & 5 June 14, 07:30 final in RH 243 Presentation of Marketing Plan Ari Sinha Final Marketing Plan Due General Course Agenda: Monday Wednesday Globalization, Industry Issues & Trends Week 1 April 1 & 3 Introduction Basics of Marketing and Innovation Read: Text Chapter 1, PWC Growing the Future, completed carbon footprint (http://myfootprint.org/en/) Grad Read: Panwar et al. 2007 Understanding Marketing Week 2 April 8 & 10 Read: Text Chapter 2, Hansen 2010 Strategic Marketing Jane Han – Industry Marketing Practice Strategy Week 3 April 15 & 17 Week 4 Reading: Textbook Chapter 4, Hansen 2011 Grad Reading: Hansen & Juslin 2006 Gordon Culbertson, Forest2Market April 22 & 24 Observe in Forest Products Management April 29 & May 1 Development (Richardson Hall 107) Week 5 Marketing Management Week 6 May 6 & 8 Read: Text 135-156, Hansen et al. 2007 Grad Reading: Michael & Ray 2008 Company presentations Take home exam handed out Marketing Functions Week 7 Read: Text – Chapter 6 May 13 & 15 Company presentations Peer graded exams due Week 8 Working Session – Marketing Plan May 20 & 22 Week 9 June 3 & 5 Read: Text Chapter 3 & 7 Ari Sinha Innovation in the forest sector Read: Hansen et al. 2007 Miika Kajanus, Forest Industry Innovation in Finland Steve Killgore & Nadine Orozco, Roseburg Forest Products Example company presentation Strategy Reading: Textbook Chapter 4, Hansen 2011 Marketing Structures Read: Text – Chapter 5 Company presentations Take home exam due Marketing Plan Work Session Ari Sinha 2nd iteration of take home exam due Quality Management as it Relates to Innovation Guest: Scott Leavengood Read: Hansen 2010 Marketing Functions Memorial Day May 29 Week 10 Information in Marketing & Marketing Planning Read: Text – Chapter 6, Hansen & McIsaac 2012 Company presentations (note change) New Product Development Grad Reading: Hansen & Bull 2010 Read: Text 238-246, Bell & Kozak 2008 June 14, 07:30 final in RH 243 Presentation of Marketing Plan Ari Sinha Final Marketing Plan Due