International Marketing Course Instructor: Prof Rajat Gera Associate Professor, Institute of Management Technology Ghaziabad, Ghaziabad, UP, India 201001 COURSE INTRODUCTION: This case course explores the dimensions of successful international and global marketing of firms. Managerial actions are based on totally different assumptions and conceptual frameworks. The business world is increasingly becoming globalized and marketing professionals need to understand the factors leading to globalization which create opportunities and threats for industries and firms which can be leveraged for strategic advantage . Its imperative that marketing executives incorporate a global perspective while formulating domestic and international marketing strategies and plans. Understanding cross cultural and cultural dimensions of business and marketing problems is increasingly becoming important. The course on International Marketing aims to address global issues and develop knowledge and competencies relevant to all international business executives. This course will study international marketing from an integrated viewpoint with a focus on strategic advantage. The material will integrate operations, marketing, strategy, information technology and organizational issues. This course requires a basic understanding of marketing concepts and is intended to help students develop a career in international marketing and/or discover entrepreneurial opportunities. COURSE OBJECTIVES: 1. To present a cohesive, substantive perspective on the conceptual and managerial nuances of the business marketing field. 1 2. To compare and contrast domestic and international marketing techniques and strategies. 3. To provide an understanding of the internal and external variables influencing the development and execution of marketing strategies in the international environment. 4. To focus on specific changes in supply management and how they have altered the purposes and methods of international marketing. 5. Learn about the elements of the marketing management process, the basic components of marketing programs, and the interaction of marketing with other functions of the organization. 6. Understand the role of marketing managers and how to apply marketing concepts to a wide range of management and international situations. 7. Acquire analytical skills to define marketing problems, identify opportunities, and interpret their implications for decision-making in a global marketplace. 8. Apply both qualitative and quantitative tools to marketing problems. 9. Develop practical communication skills by using persuasive arguments in support of well-grounded marketing actions. Learning Outcomes After you have completed this course, you should be able to: 1 To recognize cultural differences in various global regions and their effect on the marketing strategy and plan. You will be able to analyze cultural differences in terms of opportunities and inherent risk in conducting marketing activities and acquire skills in segmenting global markets. You wa to draw insights about how and where products are purchased and used by consumers in other countries. 2 Recognize the forces underlying the development of international business, and the unique challenges that exist when entering the global marketplace, and how to understand and overcome them.3. 2. 3.Demonstrate an understanding of the major differences between national and international marketing planning. 4. Appreciate the role of international market research in decision making. 5. Identify the major methods of foreign market entry. 6. Recognize those factors which distinguish the marketing mix for overseas markets as opposed to domestic markets. 2 7 . Understand the implications of international market extension with regard to organisational and structural change 8. Evaluate Options and opportunities for companies venturing into the global marketplace. 9. Use a set of analytical tools and techniques for understanding global markets. 10. Adopt a strategic framework for developing international marketing programs and tactics. PEDAGOGY: This course will have two major pedagogical approaches: (1) case discussions, (2) lectures/Conceptual discussions. Through assigned readings, case studies, class discussions, and lectures, students are expected to develop the skills in analyzing situations and formulating solutions. The course relies heavily on real-life case materials. Student preparation, presence, and participation are essential for this teaching method to work. Case preparation must go beyond descriptive facts, as we will not have time to explain or reiterate case information in the classroom. During class discussions, however, students should back up their arguments with case facts. 1. Case Discussions The case method is used extensively throughout the course. Study questions on each assigned case are listed immediately following a brief description of the case in the Detailed Course Outline. You are encouraged to form your own group (of 2-4 students) and discuss the case before reflecting on the case assignment 2.Lectures/Discussions: At least 30 minutes of 90 minutes in each session would be for discussion of concepts involved. Each Group Project presentation will be followed by class discussion on the issues presented. COURSE TEXT AND READING MATERIALS: A textbook by Masaaki Kotabe and Kristiaan Helsen, Global Marketing Management, John Wiley & Sons, Inc. (any edition) is required for the course. This course will also use Harvard Business School case studies and selected articles and chapters. Readings and cases for each class are listed in this syllabus that you should use to guide your reading and preparation. 3 Required Course Packet of cases and readings which would be made available before the start of the course or you would be guided on how to access the same. READING ASSIGNMENTS: Cases and reading assignments from the textbook will be assigned as indicated in the attached schedule. Reading assignments should be completed prior to analyzing the assigned cases. The material contained in the readings will provide background concepts and theory that may be most useful in case analyses and understanding of the concepts. The required knowledge for the case analysis may, however, not be completely adequate. The same may be accessed through online databases which are accessible through library. Please contact The Library In Charge for the same. OVERVIEW OF ASSESSMENT: Assessment will consist of one project report, two project presentations, two individual class case presentations and one end term exam. The end term exam would be case based. The case analyses will assess your ability to apply course concepts to managerial situations. Preliminary Project presentation and evaluation Final project presentation and evaluation Project Report Class case PPT End Term Exam Weight Suggested Deadline 15 % Sessions 13-16 15 % Sessions 23-26 20 % 20% 30% Session 30 Class sessions After Session 30 Group Project: 1. Completion of Group Global Marketing Plan - Graduate Students (in groups of 3-4) must develop a comprehensive marketing plan for an original product or service in a country of their choice. The student will research this country and provide a detailed description of information a marketer should be aware of when making decisions involving that specific country market. This research must include the following: Cultural analysis, economic analysis, market audit and competitive analysis, and preliminary marketing plan. The preliminary marketing plan must be approved by the professor. Once plan has been approved, the graduate student must submit their final marketing plan which should be at least 5-10 pages typed (double-spaced). 4 2. Global Marketing Presentation - Graduate Students (in groups of 3-4) must deliver an individual presentation (15-20 minutes) which utilizes visual aids such as PowerPoint. This presentation will feature the key points of the student's marketing plan. 3. Global Marketing Case Analysis - Graduate Students (in groups of 3-4) must read two assigned case studies and write two 6-8 page (double-spaced, typed) papers analyzing the key Session Plan (45 hours/30 sessions of 90 minutes each): Session Topic No Time Inputs Session 1-2 Course introduction 90 *2=180 minutes “A Guide to Case Analysis” Session 3-4 Introduction to Marketing/Gl obal Marketing 90*2=180 minutes Creating a Marketing Plan: An Overview (2564BC) Session 5 Segmenting, targeting and positioning Class Discussion: 90 minutes R1: Note on Marketing strategy Overview of global marketing Class Discussion: 90 minutes *K&H-Ch 1&2; Global Marketing Overview of global marketing Case Discussion: 90 minutes K&H Chapter 3 Global Marketing Envirnment Macro /Micro Class Discussion: 90 minutes K&H, Chapter 4 -7 R1: Market Customization: Market Segmentation, Targeting, and Positioning (2580BC) Session 6 Session 7 Session 8 5 Case: Citibank: launching the credit card in Asia Pacific Reading1(R1): Marketing Across Borders: It's a Big, Big World(2653BC) R2: Sheth and Partiyar, ‘Antecedents and consequences of Global Marketing, International Marketing Review *Case Samsung Electronics Co. (HBS #9504-051) environment Case: *Case: Four Seasons Goes to Paris (HBS #9-803-069) Session 9 Global Marketing Environment Macro/micro environment Case Discussion: 90 minutes Session 10 Market Selection Session 11 Global market entry strategy Case Discussion 90 minutes Case Discussion: 90 minutes Session 12 Global product strategy Class Discussion: 90 minutes * K&H 11-12 R1: How Global Brands Compete, (HBR R0409D) *Case: Real Madrid Club de Futbol (HBS #9-504- 063) Session 13-14 Preliminary project report Case Discussion: 180 minutes Student PPT: Product And Country Selection Session 15-16 Preliminary project report Student Project Presentation s Student PPT: Product And Country Selection Session 17-18 Global pricing strategy 6 180 minutes Case and class Discussion: 180 minutes * K&H, Chapter 4-7 R Levitt: Globalization of Markets 1: Case: Coca Colas Marketing challenges in Brazil *Case Genicon: A surgical strike into emerging markets (Ivey 910M41) Case: Mary Kay Cosmetics: Asian Market Entry (HBS #9-594-0231) K&H, Chapter 4 &5 Case: DHL: Worldwide Express (HBS #9593-011) Session 19 Global promotion strategy Case Discussion: 90 minutes * K&H, Chapter 14 17. *Case: British Airways (HBS #9-585014) Session 20 International Communicati on planning Global distribution strategy Case Discussion 90 minutes Case and class Discussion: 180 minutes *Case Gillette Indonesia R1: Market structure profile analysis Session 23-24 Final Project report Student Project Presentation s Student PPT: International Marketing strategy and plan Session 25-26 Final project report Session 27 Global Marketing Plan implementati on Global marketing strategy Customizatio n/adaptation Global Marketing Organization Session 21-22 Session 28 Session 29 Session 30 Conclusion 180 minutes Student Project Presentation s 180 minutes Case Discussion * K&H, Chapter 16 Case: Toys R Us Japan (HBS #9-796077) Student PPT: International Marketing strategy and plan *Case; Colgate Max Fresh: Global Brand Roll Out (HBS 9-508-009) 90 minutes Case Discussion 90 minutes *Case: Modi-Revlon (HBS 9-503-104) Case Discussion: 90 minutes * K&H, Chapter Class discussion 90 minutes Feedback and Review Case: GE Plastics Recommended text book Readings 1. Albaum, G., Strandskov, J., Duerr, E., Dowd, L. (1995). Global Marketing Management. Addison-Wesley: Reading, Massachusetts. ISBN 0-201- 542803 7 2. Boyd, H.W.; Orville, C.W.; Larreche, Jean-Claude. (1998) Marketing Management: A Strategic Approach with a Global orientation. Irwin: New York 3. Buzzel, R.D.; Quelch, R.A.; Barlett, C.A. (1995). Global Marketing Management. Cases and Readings. 3rd ed. Addison-Wesley: Reading, Massachusetts. ISBN 0-201-53972-1 4. Czinkota, M., Ronkainen, I. (1994). International Marketing Strategy: Environmental Assessment and Entry Strategies. The Dreyden Press: New York. ISBN 0-03-098373-8 5. Czinkota, M., Ronkainen, I. (1993). International Marketing. 3RD ed. The Dryden Press: New York. ISBN 0-03-076753-9 6. Dahringer, L., Muhlbacher, H. (1991). International Marketing: A Global Perspective. AddisonWesley: Reading, Massachusetts. ISBN 0-201-50354-9 7. Harris, P., Moran, R. (1991). Managing Cultural Differences: High- Performance Strategies for a New World of Business. 3rd ed. Gulf Publishing Company: Houston, Texas. ISBN 088415-078-X Project Guidelines Following are the suggested topics/sub topics for Project report along with recommended questions to be answered The Marketing Plan I. Executive Summary II. Overview of the Firm Marketing the Product A. History 1. How company was started (who, when, where, how, why) 2. Growth, geographically and fiscally 3. Description of resources (physical and financial) and CORE business 4. Current markets served a. - Reputation, market share, market positioning, competitive distinctions b. International or Global market positions B. Mission and Vision C. Goals (You may include qualitative, but quantitative goals MUST be stated) 1. Domestic 2. International/Global 3. For YOUR selected country 8 D. Description of specific goods/services to be marketed (include a detailed discussion of your product positioning and strategy) III. Market Analysis A. Market Description 1) 1) Size of Potential Market for your product in your selected country 2) 2) Profile of the prospective BUYERS of your product in your selected country 3) 3) Consumption characteristics How do they buy? When? Where? Why (motives)?] 4) 4) Market trends for this or related products (Note: show a time analysis of demand for your category of product or purchase/consumption data that might somehow be correlated to the sale and consumption of your product). 5) 5) Relevant data on Communications and Transportation Data (NOTE: include only what is relevant to reaching your market) a. Availability of cars, trucks, rail access, air transportation, etc. b. Mail service, TVs, phones, radios, newspapers, etc B. Competition (Describe the competitors and discuss their strengths, weaknesses, market positions) 1) 1) Domestic (Are there companies within your chosen country that produce a similar product?) 2) 2) Foreign (Are there other international or global competitors in the market you are entering? B. Market Potential (Either do a “top down” or “bottom up” type of analysis to estimate Total Industry Demand, your companies long range sales potential, and an actual Sales Forecast for one, three and five years). III. Operational Plan A. Marketing Orientation 1. Market Penetration Strategy a. International, regional, global; Globalization vs. Localization b. Exporting, Licensing, Contract manufacturing, Franchising,multi-national sourcing, etc. c. Promotion (Outline your promotional plan – include catalogue shows, trade missions, trade center shows, trade fairs, print media, TV, radio, direct mail, outdoor ads, personal selling, or whatever is relevant to the promotion of your product). 9 D. Distribution (Agents and intermediaries; Distribution Channels and Physical Distribution, forwarders, shippers, banks, import agents, distributors, sales offices and branches, salesmen, sales agents, manufacturers agents .. WHATEVER IS RELEVANT). e. Pricing (How will you price your product? Give prices relative to competitors if relevant. Detail markups, transportation, tariffs, licensing fees, franchise fees, promotional fees, insurance costs if relevant. F Calendar/schedule for activities G Budget for first three years E. Complete pro-forma income statements for first three years PROJECT ASSESMENT GUIDELINES Project is graded using the following criteria: Grade Performance A+, A, A- Report: Provide detailed documentation of all facts, effectively defense all reasoning and proposals, make accurate analyses to all problems and issues, and give insightful responses to all questions. Free from flawed reasoning, inconsistencies, and unsupported conclusions. Utilize correct punctuation, proper capitalization, and provide appropriate citations (where necessary) for all parts of writing. Presentation: Organize and present appropriately, clearly and proficiently for all major points, make all slides professional and readable, deliver effectively all contents, and finish presentation on time. B+, B, B- Report: Provide detailed documentation of most facts, effectively defense the majority of reasoning and most proposals, make accurate analyses to most problems and issues, and give insightful responses to most questions. Have a little flawed reasoning, a few inconsistencies, and unsupported conclusions. Utilize correct punctuation, proper capitalization, and provide appropriate citations (where necessary) for most parts of the report. Presentation: Organize and present appropriately, clearly and proficiently for most major points, make most slides professional and readable, deliver effectively most contents, and finish presentation on time. C+, C, C- Report: 10 Provide detailed documentation of some facts, effectively defense part of reasoning and some proposals, make accurate analyses to some problems and issues, and give insightful responses to some questions. Have flawed reasoning, some inconsistencies, and unsupported conclusions. Fail to utilize correct punctuation, proper capitalization, and provide appropriate citations (where necessary) for part of the report. Presentation: Organize and present appropriately, clearly and proficiently for some major points, make some slides professional and readable, deliver effectively some contents, and barely finish presentation on time. D+, D Report: Provide detailed documentation of a few facts, effectively defense a minor part of reasoning and a few proposals, make accurate analyses to a few problems and issues, and give insightful responses to a few questions. Have considerable amount of flawed reasoning, many inconsistencies, and unsupported conclusions. Fail to utilize correct punctuation, proper capitalization, and provide appropriate citations (where necessary). 11