Marketing 5341-001 MARKETING MANAGEMENT Charles A. Besio, Jr. Senior Lecturer Fall 2015 11:00-12:30 p.m. Tuesday/Thursday Maguire Building Room # 250 Course Materials: Case Book purchased from Professor Besio Stratsim Marketing Simulation, available at www.interpretive.com Course Purpose The purpose of this course is to introduce students to common marketing problems encountered by marketing managers and general managers. Emphasis is placed on the analysis, development, and implementation of the organization's marketing policy, strategy and tactics. On a more specific level, the coursework will attempt to develop concepts and skills necessary for marketing decision-making as well as illustrate how various decisionmaking concepts and tools apply to actual business situations. The goal of this course is to develop a disciplined process for addressing marketing issues and problems in a variety of settings and integrate knowledge acquired in marketing and other business courses. Specific objectives of (1) training in marketing (2) communication skills, and (3) interpersonal skills in the context of this course are outlined below. Training in Marketing ability to analyze strategic and operational marketing problems and opportunities to develop feasible courses of action to solve problems and capitalize on opportunities. knowledge of a conceptual and operational frameworks for marketing decisions and the strategic role of marketing within organizations exposure to a wide variety of industries, companies and marketing issues. Communication Skills in class discussion format, demonstrate ability to present ideas clearly; to move discussion logically toward resolution while showing sensitivity to others viewpoints, and willingness to change opinions in the face of persuasive argument and evidence in written case analyses (2 double-spaced typed pages plus charts and quantitative exhibits), demonstrate ability to present analysis and proposal clearly and persuasively, with appropriate level of qualitative and quantitative analysis Interpersonal Skills engage in tough-minded debate with others to analyze markets and marketing phenomena work with others to assess marketing problems and prepare well-articulated courses of action buttressed by case information and justifiable assumptions --- demonstrate ability to constructively critique the work of others and effectively present counter proposals buttressed by persuasive argument and evidence. 1 2 Course Format Case Analysis The course uses the case method heavily. Many sessions will require the preparation of a case. The case will be discussed thoroughly in class. Each case will emphasize a marketing element. The assignment schedule attached indicates that most case classes will be preceded by a class to discuss the related material and provide additional depth to the following case analysis. The case method of study puts a high demand on you to prepare and participate. Its strength is in providing a format for you to learn from the insights and points of view of your classmates. It also helps you understand that difficult business decisions require clear analysis but often demand reasonable assumptions be made in the face of uncertainty and risk. It is a powerful way for you to learn from “doing”. You will be expected to prepare for class in a thorough way and you will be called upon to participate in the discussion. A minimum of an hour is usually required to prepare a case and I strongly urge you to discuss your thinking and analysis with a group of your classmates prior to class. Exam There will be one exam during the semester (October 8th). The exam will test your understanding of the basic terminology and tools in marketing management as well as your depth of understanding of important concepts discussed in class. In form the exams will consist of some multiple choice questions, and short answers. Marketing Simulation Each student will participate in a group of four for a period of six weeks acting in the role of Product Manager of a consumer product. The products are toothpastes, but the task will be to expand the market for the company’s products into Central and South America. Students will compete in multiple country markets against other companies in the same business. The objective will be for each student group to grow their company’s market share, and profitability while entering two or three foreign markets. Associated with this students will prepare two documents, a planning document of what they hope to achieve and a review document of their performance and the lessons learned in the experience. Participation You are expected to come to class prepared. This means reading the cases prior to class and accessing the appropriate PowerPoint slides on the Web. The PowerPoint slides used in class are available to you by accessing my Web site via http://www.cbesio.cox.smu.edu/mktg5341. Class participation counts 60 points towards your final grade. Your participation grade is impacted more by the quality of your participation than the quantity of your participation. In other words, the mere quantity of comments counts less than consistently thoughtful and informed comments. Regular attendance also impacts your participation grade; if you are not in class, you lose the opportunity to participate in class discussion that day. A class attendance sign-in sheet is circulated at the beginning of each class period. It is your responsibility to make certain you have signed the attendance sheet. It is important to be in class on time. Late arrivals are disruptive to your fellow students and professor. Additionally, walking in and out of class, once class has begun, is disruptive to everyone's learning environment. These kinds of repeated disruptions will count against your participation grade. (Professor Besio reserves the right to change this syllabus without notice.) 3 Course Grading A Student's grade will be determined on the basis of his/her performance on (1)one exam during the semester, (2) six typed case presentations, (3)two reports relating to the Stratsim simulation, and (4) class participation on case discussions, assignments and the simulation. The weight assigned to each is as follows: Written Exam (Product Management) Written Case Analyses Stratsim Objectives Stratsim Final Review Marketing Plan Class Participation 100 pts. (Oct. 8) 120 pts. 40 pts. 40 pts. 40 pts. 60 pts. 400 pts. Final letter grades will be determined by the following table: A AB+ B BC+ C C- 368-400 360-367 352-359 328-351 320-327 312-319 288-311 280-287 D+ D DF 272-279 248-271 240-247 Below 240 total points Professor Besio understands each student has an grade objective they would like to achieve. He will discuss these objectives and their performance any time during the semester up to and including the last day of class. After the last day of class he will not discuss grades except to inform students of any grades not completed by the last day of class. There will be no exceptions to this policy. Course Prerequisites Marketing 3342 – Marketing Research and Senior Standing Office Information Office: Phone: E-mail: Hours: 316 Fincher Building (214) 717-1864 (Emergencies Only) cbesio@smu.edu By Appointment (Professor Besio reserves the right to change this syllabus without notice.) 4 SCHEDULE OF ASSIGNMENTS Day/Date Topics Module 1: Course Foundations AUGUST T 25 Course Introduction Marketing Management TH 27 SEPTEMBER T 01 Assigned Materials Mktg. Mgmt Overview.ppt Product-Service Concepts Segmentation/Positioning Brand Equity.ppt Product Strategy.ppt Segmentation Targeting.ppt Positioning.ppt Janmar Coatings Case Book Product Life Cycle.ppt New Product Develop.ppt TH 03 Product-Service Life Cycles New Product Development Financial Analysis Due M 07 University Holiday – Labor Day T 08 Proctor and Gamble “Scope” Case Book TH 10 Pricing Strategies Pricing Strategy.ppt T 15 Astor Hotels and Suites Case Book TH 17 Marketing Communications Strategies MarComm.ppt T 22 Augustine Medical Case Book TH 24 Distribution Channels Distribution Channels.ppt T 29 Chevrolet Europe Case Book South Delaware Coors, Inc. Case Book Global Marketing.ppt OCTOBER TH 01 T 06 Global Marketing Exam Review TH 08 EXAM (100 pts.) (Covers all material - readings and case assignments and lectures from Aug. 25 through Oct. 6) (Professor Besio reserves the right to change this syllabus without notice.) 5 SCHEDULE OF ASSIGNMENTS Day/Date OCTOBER(Cont’d.) Topics Assigned Materials (Fall Break - October 12-13, 2015) Module 2: Stratsim Simulation Simulation TH 15 Stratsim Simulation Introduction T 20 Stratsim Simulation Decisions Period #1 TH 22 Marketing Plan #1 T 27 Stratsim Simulation Decisions Period #2 TH 29 Marketing Plan #2 NOVEMBER T 03 Stratsim Simulation Decisions Period #3 TH 05 Marketing Plan #3 T 10 Stratsim Simulation Decisions Period #4 TH 12 Marketing Plan #4 T 17 Stratsim Simulation Decisions Period #5 TH 19 Marketing Plan #5 T 24 Stratsim Simulation Decisions Period #6 TH-F 26-27 University Holiday - Thanksgiving DECEMBER T 01 Marketing Plan #6 TH Stratsim Simulation Final Project Due 03 (Professor Besio reserves the right to change this syllabus without notice.) 6 Disability Accommodations Disability must first be registered with Disability Accommodations & Success Strategies (DASS) to verify the disability and to establish eligibility for accommodations. Students may call 214-768-1470 or visit http://www.smu.edu/alec/dass.asp to begin the process. Once registered, students should then schedule an appointment with the professor to make appropriate arrangements. (See University Policy No. 2.4; an attachment describes the DASS procedures and relocated office.) Excused Absences for University Extracurricular Activities Students participating in an officially sanctioned, scheduled University extracurricular activity should be given the opportunity to make up class assignments or other graded assignments missed as a result of their participation. It is the responsibility of the student to make arrangements with the instructor prior to any missed scheduled examination or other missed assignment for making up the work. (University Undergraduate Catalogue) Religious Observance Religiously observant students who wish to be absent on holidays that require missing class should notify their professors in writing at the beginning of the semester, and should discuss with them, in advance, acceptable ways of making up any work missed because of the absence. (See University Policy No. 1.9) (Professor Besio reserves the right to change this syllabus without notice.)