NATIONAL UNIVERSITY OF SINGAPORE NUS BUSINESS SCHOOL BMA5009 Marketing Management Instructor: Dr Prem N Shamdasani Associate Professor of Marketing Coordinates: BIZ 1 #04-20 Tel: (65) 6516-6264/Fax: 6779-5941 Mobile: (65) 9021-6866 E-mail: bizps@nus.edu.sg Session: Semester II, 2008/2009 Venue: Conference Room A, BIZ 1 Day & Time: Monday, 6 to 9 pm COURSE OBJECTIVE The field of marketing is both dynamic and challenging. Over the years, marketing has evolved into a professional and academic discipline that is integral to the effective functioning of most product and service organizations. As we embrace the challenges and opportunities of the new millennium, our ability to successfully market and brand products/services in global and multi-media environments is predicated on a sound understanding of the basic marketing management process that delivers superior customer value in diverse and changing markets. Therefore, the basic objective of this module is to provide an understanding of the key marketing concepts, tools and techniques and apply them in the analysis of marketing problems and development of marketing strategies and programs from the perspective of a marketing manager. Marketing examples and case studies from the Asia-pacific region and globally will be utilized to reinforce learning and application of sound marketing management practices. REQUIRED TEXT Philip Kotler and Kevin L Keller (2009), Marketing Management, 13th Edition, Prentice Hall. REQUIRED SELECTED READINGS 1. B. Joseph Pine II and James H. Gilmore (1998), “Welcome to the Experience Economy,” Harvard Business Review, July-August 1998, pp. 97-105. (98407) 2. Christopher Meyer & Andre Schwager (2007), “Understanding Customer Experience,” Harvard Business Review, February, pp.116-126. 3. Prem N. Shamdasani (2005) “Brand Leadership or Market Share Leadership? The Quest for Sustainable and Profitable Growth”, The Encyclopedia of Brands & Branding 2005 in South Africa, pp.14 -16 4. Prem N. Shamdasani, H.T. Keh & Evelyn Lee (2001), “Influences on Store Patronage Behavior: A Comparison of Department and Discount Stores in Singapore,” Journal of Asian Business, Vol. 17 (2), pp. 1-21 5. Scott Ward, L. Light & J. Goldstine (1999), “What High Tech Managers Need to Know About Brands,” Harvard Business Review, July-August, pp. 85-95. (99411) 6. Prem N. Shamdasani, H.T. Keh & Kenny Chan (2001), “The Efficacy of Power and Influence Strategies in a Conventional Channel: A Singapore Perspective,” Journal of Business & Industrial Marketing, Vol. 16(1), pp. 21-38. 7. Das Narayandas (2005) “Building Loyalty in Business Markets” Business Review, September, pp.131-139 (R0509H) Harvard 8. Youngme Moon (2005), “Break Free from the Product Life Cycle,” Harvard Business Review, May, pp. 86-94 (R0505E) 9. Leonard L. Berry & Sandar S. Lampo (2004) ,”Branding Labour-Intensive Services,” Business Strategy Review, Spring, Vol. 15, Issue 1, pp. 18-24 10. Business Week (2008), (www.interbrand.com) “Best Global Brands,” September 29 issue, 11. Colin Mitchell (2002), “Selling the Brand Inside,” Harvard Business Review, January, pp 5-11 (R0201J) 12. Robert F. Hartley (1998), “Coca-Cola’s Classic Blunder: The Failure of Marketing Research,” Marketing Mistakes and Successes, 7th Edition, pp. 160-176, John Wiley & Sons. 13. John T. Gourville (2006), “Eager Sellers and Stony Buyers: Understanding the Psychology of New-Product Adoption,” Harvard Business Review, June, pp. 98106. (R0606F) 14. James C. Anderson, J.A. Narus & W. van Rossum (2006), “Customer Value Propositions in Business Markets,” Harvard Business Review, March, pp. 91-99 (R0603F) 15. Vikas Mittal, Matthew Sarkees & Feisal Murshed (2008),”The Right Way to Manage Unprofitable Customers,” Harvard Business Review, April. pp. 1-11. 2 CASE STUDIES A. Cases from Harvard and Strategic Brand Management 1. Toys “R” Us Japan Case A & B 2. 3. 4. 5. Nestle Refrigerated Foods: Contadina Pasta & Pizza Case A & B Intel Corporation: Building a High Tech Brand Nike: Building A Global Brand Commerce Bank B. Cases by Dr Prem Shamdasani (NUS Business School) 1. 2. 3. 4. 5. 6. Carrefour’s Asian Expansion: Global Challenges, Asian Realities Hagemeyer Singapore: Life After Disintermediation Non-Asian SIA Girls: Changing the Face of an Icon Pepsi’s “Sex” Cans: When Marketing Goes Bad! Apple I: Taking a Bite Out of Apple Apple II: Apple's Third "i": Eyeing the Smart Phone Market with iPhone COURSE FORMAT & REQUIREMENTS This course will be conducted in an experiential and application-oriented manner. Various marketing management concepts and principles will be taught and reinforced through in-depth case analyses, brief lectures, class exercises and project presentation debriefs. Instructor-led case discussions with class participation will be the primary mode of learning and exploring marketing issues. Group presentations and critique of significant marketing challenges will also be an important part of the overall learning experience. The class will be divided into 9 groups (5-6 students in each group) in the first class session. To encourage teamwork, group activities will be evaluated on a group basis. Differences in individual contribution to your group activities will not be considered in the evaluation. A brief explanation of the module requirements is as follows: 1. “Marketing Challenge” Group Assignment: We will discuss various marketing challenges identified by groups during this course.* These challenges represent strategic marketing decisions that need to be made with regard to any important marketing issue or problem (e.g., new product introduction, advertising, distribution, branding, repositioning, etc.) in a product/market/industry of your choice. To facilitate discussion, each group will first present their marketing challenge and demonstrate their analysis and recommendations to the class. The other non-presenting groups will then critique the presentation and offer constructive comments. The presenting groups have to prepare a typed synopsis of their marketing challenge and analysis (maximum 3 pages) and distribute to the class before their presentations. The presentation should be detailed and not exceed 45 minutes and should cover key analysis and recommendations. Following the presentation, there will be 15 minutes of class discussion and feedback. The written report should not exceed 25 pages (A4-size paper, doublespaced, and 12-point font size) and is to be submitted on the last class of the course. 3 *Groups may also choose to work on company sponsored marketing challenges such as those sponsored by Samsung, L’Oreal or other companies with current brand, product and marketing challenges. Update: Students are given an opportunity to synthesize the viewpoints of the class and instructor and to ‘update’ their analysis and recommendations after their respective presentations. The revisions or enriched perspectives on the marketing challenge can be incorporated in the final written report. Some Useful Presentation Tips: The effectiveness of your presentation will be evaluated on the basis of clarity, completeness, and general level of interest generated, timeliness and the ability to respond to questions from the class. Some useful guidelines for an effective presentation are: Explain clearly your marketing challenge, problem formulation, analysis and important assumptions made. Explain clearly your strategy and execution recommendations. You must be able to adequately justify and defend your decisions. Use presentation software and computer generated color graphics for your presentation. Try to capture the interest of your audience throughout your presentation. Avoid reading from notes during the presentation and try to engage the audience. Be creative and professional (e.g., attire, visual aids, etc) in your presentation. 2. Class Participation: Participation in class is important and strongly encouraged. As we each have unique experiences and perspectives that can benefit the class overall, sharing of these experiences becomes an important part of the learning process. The case readings and analysis must be done prior to class and you must come fully prepared to participate in the case discussion. 3. Key Learning Summary: You are required to submit a one-page key learning summary on every case study that is analyzed and discussed in class. The summary must be restricted to one page and is to be submitted during the following week’s class meeting. No grades will be given for the key learning summaries. 4. Final Quiz: The final quiz will be a close-book quiz comprising of essay questions and/or short cases. The final quiz is designed to assess your understanding and application of key marketing concepts as well as your decision-making and analytical capabilities. The duration of the quiz is 2 hours. ASSESSMENT Your grade will be determined based on the following assessment components: Group Project Presentation Group Project Report Class Participation Quiz 20% 20% 15% 45% 100% ==== 4 CLASS SCHEDULE Week DATE 1 2 Jan 12 Jan 19 TOPIC Course Introduction TEXT ACTIVITIES R: Reading C: Case, E: Exercise (Text)++ Interactive Framework Development & Discussion Strategic Value-Based Market Paradigms (I) (R1, R2)) Strategic Value-Based Market Paradigms (II) (cont.) (R3, R14) Aligning Brand & Market Share Leadership 3 Jan 26 Interactive Framework Development & Discussion Project Team formation Delivering Delightful Customer Experiences (R9, R11, R15) C.: Commerce Bank Internal Branding Feb 2 Marketing in Asia: Entering Difficult Markets 5 Feb 9 New Product Development & Marketing: When Market Segments Become Accessible (R8, R13) C: Nestle Refrigerated Foods: Contadina Pasta & Pizza 6 Feb 16 Strategic Product and Brand Management: “To Brand Or Not To Brand…” (R3, R5, R10) C: Intel Corporation: Building a High Tech Brand 7 Mar 2 Distribution and Retailing: Distributor’s Dilemma and Does Size (Retailer’s) Really Matter? (R4, R6, R7) C: Hagemeyer (S) Pte Ltd Positioning and Aligning for Competitive Advantage (R3, R10) C: Apple I: Taking a Bite Out of Apple 8 9 10 Mar 9 Mar 16 Mar 23 (R4) C: Toys ‘R’ Us (Japan) 4 C: Carrefour’s Asian Expansion C: Apple II: Apple's Third "i": Eyeing the Smart Phone Market with iPhone Challenging the “Think Global and Act Local” Paradigm (R1, C: Nike: Building a Global Brand R3, R10) When Marketing Goes Bad! (R12) C: Coca Cola’s Classic Blunder C: Pepsi’s ‘Sex’ Cans C: Non-Asian SIA Girls 11 Mar 30 Marketing Challenges E: Groups 1 to 3 Presentations and Critique 12 Apr 6 Marketing Challenges E: Groups 4 to 6 Presentations and Critique 13 Apr 13 Marketing Challenges E: Groups 7 to 9 Presentations and Critique 14 Apr 18 Final Quiz Submission of Project Reports *Note: Mid-semester break is from Feb 21 - Mar 1, 2008 ++ Required to read appropriate chapters in the textbook 5 ABOUT THE INSTRUCTOR Dr Prem Shamdasani is Associate Professor of Marketing; Vice-Dean, Executive Education; Academic Director, Asia-Pacific Executive (APEX) MBA Program; Co-Director, Stanford-NUS International Management Program; and Director, Asia-Pacific Advanced Management Programs at the NUS Business School, National University of Singapore. He was the former Academic Director of the Master of Science (Marketing) Program and Director of the Office of Executive Education. He was also Program Director of the Commonwealth-Singapore Advanced Seminar for CEOs and Samsung General and Advanced Management Programs. He holds a BBA degree with first class honors from the National University of Singapore, and received his PhD from the University of Southern California, Los Angeles. His research and teaching interests include Brand Management, New Product Marketing, Retail Strategy, Relationship Marketing, and Cross-Cultural Consumer Behavior. He has taught in the USA and internationally, and has received numerous commendations and awards for teaching excellence. Aside from teaching graduate and executive MBA courses, Dr Shamdasani is very active in executive development and training for such clients as Caterpillar, MHE-Demag; Johnson & Johnson, L’Oreal, Nokia, Samsung, Alcatel-Lucent, IBM, Microsoft, DuPont, Asahi Glass, Philips, Siemens, Telenor, Exel (DHL), AP Moeller Maersk, Royal Brunei Airlines, Singapore Airlines, Roche China, Roche Diabetes Care, GlaxoSmithKline (GSK), B. Braun, Bayer Healthcare, Deutsche Bank, Barclays, HSBC, Ernst & Young, KPMG, Boshi Fund Mgt (China), Jardine Matheson, MCL Land (Hong Kong Land), DaimlerChrysler, Volvo, Berle Jucker (Thailand), Ikea, Carrefour, Dairy Farm Group, Royal Ahold, NTUC Fairprice, McDonalds, Danone, Raymonds (India), Ceylinco (Sri Lanka), Sasol (S. Africa), Incheon International Airport (S. Korea), Singapore Tourism Board, NS Affairs Dept (The Army), Third Flotilla (The Navy), Ministry of Foreign Affairs and Commonwealth Secretariat (UK). He has co-authored three books including one of the leading books on focus group research entitled, Focus Groups: Theory and Practice, for Sage Publications (USA). He is also actively involved in focus group research for consumer products companies and social marketing programs. His research publications have appeared in the leading regional and international journals and include the Journal of Consumer Research, European Journal of Marketing, Journal of Advertising Research, Asian Journal of Marketing, Asia Pacific Journal of Management, Service Industries Journal, and the Journal of Retailing and Consumer Services. He is an external resource expert on marketing, branding and retailing to various trade and government agencies such as the Singapore Retailers’ Association, IE (Trade Development Board), Singapore Tourism Board, Productivity and Standards Board, Institute of Policy Development, Prime Minister’s Office and BusinessWeek’s CEO forums. Dr Shamdasani has consulted with several domestic and multinational companies such as Hagemeyer, United Parcel Service (UPS), Singapore Telecom, Mobile One (M1) and L’Oreal and government-related agencies such as the Singapore Enterprise Development Council (EDB), National Computer Board, IE Singapore (TDB), Young Musicians’ Society, and the US Department of Agriculture. Dr Prem Shamdasani Associate Professor of Marketing Vice-Dean, Executive Education Academic Director, Asia-Pacific Executive (APEX) MBA Program Co-Director, Stanford-NUS Executive Program in International Management Director, NUS Asia-Pacific Advanced Management Program NUS Business School, National University of Singapore BIZ1 #04-20, 1 Business Link, Singapore 117592 Tel: (65) 874 6264/Fax: (65) 779-5941/Mobile: (65) 9666-9615 Email: bizps@nus.edu.sg 6