SELECTED TOPICS IN MARKETING MKT 4495 TEWA Fall Semester 2010 Instructor: Dr. David K. Amponsah Course Prerequisites: MKT 3361 Principles of Marketing Office Hours 2:00 - 4:30 p.m., MWF 10:30 - 11:30 a.m.; 1:00 – 4:00 p.m. TH Office Location: 114 McCartha Hall Office Telephone: 334-670-3422 334-670-3459 Secretary 334-670-3599 FAX Email: damponsa@troy.edu Time of Class: 11:00 - 11:50 a.m. MWF Class Location: 303 Gen Academic Building SCOB Vision and Mission Statements: SORRELL COLLEGE OF BUSINESS VISION STATEMENT Sorrell College of Business will be the first choice for higher business education students in their quest to succeed in a dynamic and global economy. Sorrell College of Business will create the model for 21st century business education and community service. SORRELL COLLEGE OF BUSINESS MISSION STATEMENT Through operations that span the State of Alabama, the United States, and the world, Sorrell College of Business equips our students with the knowledge, skills, abilities and competencies to become organizational and community leaders who make a difference in the global village and global economy. Through this endeavor, we serve students, employers, faculty, and Troy University at large as well as the local and global communities Course Description: An in-depth study of a broad range of marketing topics. Individual investigations and reporting emphasized in seminar fashion. Focuses on a topic of a timely nature and/or special interest.. Course Objectives: Upon completion of this course the student should be able to: 1. Discuss a selected topic in depth in the area of marketing. 2. Demonstrate conversance in the selected topic through appropriate application. 3. Discuss how the selected topic may inform strategies to 2 support business objectives. Purpose To select and focus on marketing topics of a timely nature or special interest. The special marketing topics covered in this course are determined as deemed appropriate and are not necessarily the same from term to term. BABA/BSBA Marketing major specified elective. Text(s): Strategic Marketing Problems, Roger A. Kerin and Robert A. Peterson Prentice Hall Inc., 2010. ISBN 13: 978-0-13-610706-4 Other Materials: Articles from Journal of Marketing Grading Methods: 1st Unit Examination 2nd Unit Examination 30 % of final grade 30% of final grade Individual and Group Case Analyses Quizzes and Exercises 30% of final grade 5% of final grade Class Attendance & Participation 5% of final grade Grading Scale 12 th ed., A 90-100% B 80-89% C 70-79% D 60-69% F 0-59% A student’s final grade in this course is based on all course requirement activities. The midterm grade will be calculated using the same grade formula as stated above. It will be based on the student’s test and exercise scores up to the cut-off date. A MIDTERM GRADE IS NOT A GUARANTEED FINAL GRADE. HOMEWORK (ASSIGNMENT) POLICY: 1. Each assignment will be taken up for a grade. Assignments should be handed in during the class roll call. 2. A late assignment will be graded one letter grade lower than the grade earned. 3. Someone other than the student may hand in the assignment of a student who is absent. 3 Class Procedure and Requirements: Teaching Methods The methods of instruction in this course include class lectures, class discussions, video shows, exercises, and student case analysis. Course Requirements: 1. Students should complete scheduled reading assignments and exercises before class time. 2. There will be two unit examinations, case analysis reports, and quizzes in this course. 3. Students, working in small groups, will be assigned case problems. Each group will present to the class the analyses and solutions to the assigned cases. Case analysis reports will be taken for grades. CLASSROOM ADMINISTRATION Students are expected to: 1. Punctually attend all scheduled classes. See attendance policy. 2. Be responsible for all instructions and assignments given in class as well as for the supporting textbook content. 3. Read the textbook material before the lecture. This leads to a better understanding of the lecture, as well as the opportunity to ask questions about material(s) in the text that were unclear or that the student did not understand. 4. Exams, except the final, will be temporarily returned and reviewed. If the student needs to spend more time reviewing or questioning the grading the exam he/she may see the professor during office hours. 5. THERE WILL BE NO LATE EXAMINATION IN THIS COURSE. Makeup exams will be administered only to students who have received approval from the professor prior to the test date. 6. Regular class attendance and participation is required in this course. See the Grading Method section. 7. NOTE: The Instructor reserves the right to make necessary changes in this Syllabus and to inform Students accordingly. General Supports: The College of Business computer labs will be available to students for secondary data search. Daily Assignments: Date Aug 11, 13 & 16 Chapter 1 Assignment Introduction Foundations of Strategic Marketing Management - Business Definition, Mission and Goals - Business Internal Analysis - Business External Analysis - Product-Market Strategies - Marketing Plan - Marketing Ethics and Social Responsibility, p. 15 - Case: Dr. Pepper/7Up, p. 172 4 Aug 18, 20 & 23 2 Aug 25, 27 & 30 3 Financial Aspects of Marketing Management - Marketing Cost Analysis - Variable and Fixed Costs - Gross Margin, Trade Margin - Contribution Analysis - Customer Lifetime Value - Case: Frito-Lay, Inc.: Sun Chips, p. 203 Marketing Decision Making and Case Analysis - - Sept 1 & 3 4 Marketing Opportunity Analysis, Segmentation and Market Targeting - Sept 6 Sept 8, 10, 13, 15 & 17 Marketing Problem Solving Process Problem Definition, Information Gathering, Evaluation of Alternatives, Identifying the Best Alternative, Program Implementation and Control Case Analysis Worksheet Case: Perpetual Mercy Hospital , p. 228 Opportunity Analysis Market Segmentation and Target Marketing Selection Competitive Strategy Marketing Ethics and Social Responsibility Case: Dr. Pepper Snapple Group, Inc., p. 80 Labor Day Holiday 5 Product and Service Strategy and Brand Management - Offering (Product) Concept Product Offering Mix Product Positioning Brand Equity and Brand Management Marketing Ethics and Social Responsibility Case: Kraft Foods: The Coffee Pod Launch (A), p. 155 1st Unit Examination Sept 20 5 Sept 22, 24, 27 & 29 6 Integrated Marketing communication Strategy - Integrated Marketing Communication - Communication Objectives - Push Versus Pull Communication Strategies - The Communication Mix: Advertising, Direct/Personal Selling, Sales Promotion and Promotional Web Sites - Communication Mix Budgeting - Marketing Ethics and Social Responsibility - Case: Bates Manor Furniture, Inc., (A), p. 301 Oct 1, 4, 6 &8 7 Marketing Channel Management Strategy - Oct 11, 13, 15 & 18 Oct 20 & 22 8 The Design of Marketing Channels Direct Versus Indirect Distribution Electronic Marketing Channels Target Market Coverage Channel Intermediaries Channel Power and Conflict Channel Modification Case: Hawaiian Punch., p. 379 Pricing Strategy - Pricing Considerations Price Elasticity of Demand Product-line Pricing Full-cost Pricing Variable-Cost Pricing New-Offering Pricing Strategies Pricing and Competitive Interaction Case: Superior Supermarkets, p. 484 6 Oct 25, 27, 29, Nov 1 9 Marketing Strategy: Control Process - - Strategic Change: Threat or Opportunity? Operational Control: Product-Service Mix Analysis, Sales Analysis, Marketing Channel Analysis, Customer Profitability Analysis Marketing Ethics and Social Responsibility Case: Goodyear Tire and Rubber Company, p. 589 Global Marketing Strategy Nov 3, 5, 8 & 10 10 - - The Decision to Go Global Country Screening Criteria Marketing Alternatives Market Entry Alternatives: Exporting, Licensing, Joint Venture/Strategic Alliances, Direct Investment Global Marketing Mix Case: Baxton Technology, p. 610 Nov 11 Veterans Day Holiday Nov 15, 17, & 19 Nov 22 & 23 Group Case Discussions Fall Break Nov 24 – 28 -- Thanksgiving Holidays Dec 1 -- Dead Day Dec 7 -- Final Examination – Time: 8:00 – 10:00 a.m. 7 Additional Services: AMERICANS WITH DISABILITIES ACT STATEMENT: Troy University supports Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, which insure that postsecondary students with disabilities have equal access to all academic programs, physical access to all buildings, facilities and events, and are not discriminated against on the basis of disability. Eligible students, with appropriate documentation, will be provided equal opportunity to demonstrate their academic skills and potential through the provision of academic adaptations and reasonable accommodations. Further information, including appropriate contact information, can be found at the link for Troy University’s Office of Human Resources at http://www.troy.edu/humanresources/ADAPolicy2003.htm Cell Phone and Other Electronic Device Statement: Use of any electronic devise by students in the instructional environment is prohibited unless explicitly approved on a case-by-case basis by the instructor of record or by the Office of Disability Services in collaboration with the instructor. Cellular phones, pagers, and other communication devices may be used for emergencies, however, but sending or receiving nonemergency messages is forbidden by the University. Particularly, use of a communication device to violate the Troy University “Standards of Conduct” will result in appropriate disciplinary action (See the Oracle.) In order to receive emergency messages from the University or family members, the call receipt indicator on devices must be in the vibration mode or other unobtrusive mode of indication. Students receiving calls that they believe to be emergency calls must answer quietly without disturbing the teaching environment. If the call is an emergency, they must move unobtrusively and quietly from the instructional area and notify the instructor as soon as reasonably possible. Students who are expecting an emergency call should inform the instructor before the start of the instructional period. 8 Attendance Policy: 1. 2. 3. Class Roll: Class roll will be taken at the beginning of the class session. Students who arrive after their names have been called are responsible for making sure that they are marked present. Attendance is mandatory. If a student misses a class it is his/her responsibility to obtain all information and materials presented (including materials covered, handouts, skills learned, and homework assignments) during his/her absence. Excused absences: Excused absences have the following characteristics: a. Professor was informed prior to the absence. b. Professor determines that the absence is excused. c. Absence is of the following type: 1. Participation in a documented official university function that does not permit the student’s class attendance (e.g., participation in athletic events, field trips, etc.) 2. Severe illness (this does not include scheduled medical appointments nor driving someone else to doctor), a hospital stay, or a doctor's excuse saying that it is impossible for student to attend class(es) 3. Death of immediate family member (grandparent, parent, sibling, or child) 4. Appearance in court 5. Personal situations that are approved by the professor in advance of the time the student is to be absent. d. Written documentation (on letterhead) must be provided. Incomplete Work Policy: Any incomplete work at the end of the term will not be accepted unless the student can provide acceptable and clear documentation prior to grades being submitted to the Registrar. Cheating Policy: PENALTY FOR CLASSROOM DISHONESTY: AN “F” GRADE FOR THE COURSE.