COURSE NUMBER: B 7315 COURSE NAME: Global & Multinational Marketing TERM: Spring I 2008 INSTRUCTOR: Elias A. Demetriades, PhD PHONE: 312-301-1025 (cell) EMAIL: elias161@comcast.net ALT PHONE: REQUIRED TEXTS: Title The mirage of global markets, how globalizing companies can succeed as market localize Author(s) Arnold, D. Copyright (2003). Publisher Upper Saddle River, NJ: Prentice Hall ISBN 0-13047066X Edition Page 1 Title Author(s) Copyright Publisher ISBN Edition International Marketing Research Kumar, V. (1999) Upper Saddle River, NJ: Prentice Hall 0130453862 Title The 86 percent solution: how to succeed in the biggest market opportunity of the next 50 years Author(s) Mahajan, V., & Banga, K. Copyright (2005) Publisher Upper Saddle River, NJ: Wharton School Publishing ISBN 0-131489070 Edition This Course Requires the Purchase of a Course Packet: YES NO Page 2 Argosy University COURSE SYLLABUS B7315 Global & Multinational Marketing Spring I 2008 Faculty Information Faculty Name: Elias A. Demetriades, PhD Campus: Chicago Contact Information: elias161@comcast.net , 312-301-1025 (cell) Office Hours: By appointment Short Faculty Bio: I have spent most of my career in various managerial and consulting engagements in the US, Europe and Africa. I have taught undergraduate and graduate course for fifteen (15) years. I currently teach undergraduate math and economics courses, as well as economics, management and finance at the graduate level while consulting in finance (quantitative modeling, alternative investments, risk management). I hold a BS in Business Administration (concentration in Marketing), an MBA from IMD in Switzerland and a PhD in Management Science (concentration in Finance). Course description: Marketing and selling products into the global environment presents many demanding decisions that need to be updated on a consistent timeframe with hard-to-retrieve knowledge, information and data. Challenging decisions must be made in international marketing objectives-strategies-policies, regional & country market selection, products that fit regions-countries, multiple distribution channels, communications to fit each global region, management models & organizations per region-country, knowledge-informationdata management, exploration of cultural issues, competition, economies, and customers. Course Pre-requisites: None Page 3 Required Textbook: Arnold, D. (2003). The mirage of global markets, how globalizing companies can succeed as market localize. Upper Saddle River, NJ: Prentice Hall. ISBN: 0-13047066X Kumar, V. (1999). International Marketing Research. Upper Saddle River, NJ: Prentice Hall. ISBN: 0130453862 Mahajan, V., & Banga, K. (2005). The 86 percent solution: how to succeed in the biggest market opportunity of the next 50 years. Upper Saddle River, NJ: Wharton School Publishing. ISBN: 0-131489070 Required Articles: Al-Khatib, J. A., & Vitell, S. & Rawwas, M.Y.A. (1996) Consumer ethics: a cross-cultural investigation. European Journal of Marketing, 31 (11/12) 750-767. Allert, J., & Innes-Brown, M. (2005). Building trust, communication and leadership for new globalization. Journal of Asia Pacific Marketing 4 (1), 41-51. Anonymous (2001). An investigation of market information use in export channel decision: antecedents and outcomes. International Journal of Physical Distribution & Logistics Management, 31(5).334-353. Arnold, D. (2000). Seven rules of international distribution. Harvard Business Review, November-December.131-137 Barlett, C.A & Ghoshal, S. (2003).What is a global manager? Harvard Business Review, August.101-108. Borgerson, J.L., & Schroeder, J. E. (2002). Ethical issues of global marketing: avoiding bad faith in visual representation. European Journal of Marketing, 36 (5/6) 570-594. Elahee, M.N., Kirby, S.L. & Nasif, E. (2002).National culture, trust, and perceptions about ethical behavior in intra- and cross-cultural negotiations: an analysis of NAFTA countries. Thunderbird International Business Review, 44 (6) 799. Page 4 Hewett, K., & Bearden, W. O. (2001). Dependence, trust, and relational behavior on the part of foreign subsidiary marketing operations: Implications for managing global marketing operations. Journal of Marketing, 65 (4) 51-66. Lawes R. (2002).Demystifying semiotics: some key questions answered. Journal of Marketing Research 44 (3) 251-264. Lovelock, C. H. & Yip, G. S. (1996). Developing global strategies for service business. California Management Review, 38 (2).64-86. Mintu-Wimsatt, A., Garci R., & Calantone, R. (2005). Risk, trust and the problem solving approach: a cross cultural negotiation study Journal of Marketing Theory and Practice 13 (1), 52-61. Mitchell, A. (2003).Why Ted Levitt wasn’t wrong about globalization. Marketing Week, (June 26) 26-27. Prasad,V. K., Ramamurthy, K., & Naidu, G. M. (2001).The Influence of internet-marketing integration on marketing competencies and export performance. Journal of International Marketing 9 (4) 82-110. Preble, J. F. (1995). Franchising systems around the globe: a status report. Journal of Small Business Management, 33 (2) 80-88. Sheth, J. N., & Parvatiyar, A. (2001).The antecedents and consequences of integrated global marketing. International Marketing Review, 18 (1)16-29. Singhapakdi, A., Karande, K., Rao, C.P. & Vitell, S. J. (2001)How important are ethics and social responsibility? - A multinational study of marketing professionals. European Journal of Marketing . 35 (1/2)133-153. Svensson, G. (2002). Beyond global marketing and the globalization of marketing activities. Management Decision 40 (5/6) 574- 584. Tharp, M., & Jeong, J. (2001). Executive insight: the global network communications agency. Journal of International Marketing, 9 (4)111-131. Theodosiou, M. & Katsikeas, C. S. (2001).Factors influencing the degree of international pricing strategy standardization of multinational corporations. Journal of International Marketing, 9 (3) 1-18. Page 5 van Herk, H., Poortinga, Y. H. & Verhallen, T. M. M. (2005). Equivalence of survey data: relevance for international marketing. European Journal of Marketing, 39 (3/4) 351-364. Vignali, C. (2001). Kellogg's - Internationalization versus globalization of the marketing mix. British Food Journal, 103 (2)112-130. Zhu Y., Bhat R., & Nel, P. (2005). Building business relationships: a preliminary study of business executives' views Cross Cultural Management,. 12 (3), 63-84. Zou, S., & Cavusgil, S. T. (2002) The GMS: A broad conceptualization of global marketing strategy and its effect on firm performance. Journal of Marketing 66 (4) 40-56. Technology: Pentium III CPU/ Windows 98; 128MB RAM, printer; Microsoft Office Acrobat (full version), Microsoft Internet Explorer 5.5 (PC) 5.0 (MAC) or Netscape Navigator 4.08. Norton Antivirus. Course length: 7.5 Weeks Contact Hours: 45 Hours Credit Value: 3.0 Program Outcomes: 1. Research 1.1. Performing – Design, conduct, and justify applied research in a business context using appropriate methodology 1.2. Understanding – Evaluate and apply existing theory and research to current business practice 2. Communication 2.1. Oral – Present orally, complex business information that is concise, clear, organized, and well supported in a professional manner appropriate to the business context 2.2. Written – Present in writing, complex business information that is concise, clear, organized, and well supported in a professional manner appropriate to the business context using required format 3. Critical Thinking/Problem Solving 3.1. Critical thinking – Evaluate relevance of established theory to current business practice and identify gaps in current literature Page 6 4. 5. 6. 7. 8. 3.2. Problem Solving/Decision Making – Given a business situation, diagnose the underlying causes of the situation, evaluate possible solutions, in relation to underlying business theory and determine and defend appropriate course of action 3.3. Information Literacy - Conduct an exhaustive literature search from a variety of sources, evaluate the credibility of the sources, and apply that information to create new knowledge Team 4.1. Leadership - Conduct an exhaustive literature search from a variety of sources, evaluate the credibility of the sources, and apply that information to create new knowledge 4.2. Collaboration - Given a case study or business situation collect, assimilate, and disseminate the views of stakeholders Ethics 5.1. Ethics - Given a case study or business situations, evaluate the ethical dimensions of decision situations and personal, social, and corporate responsibility not absolved by market forces Diversity 6.1. Diversity - Given a case study or business situation evaluate the multicultural dimensions of decision situations and multicultural solutions to business situations Strategic Marketing 7.1. Analyze the foundation and development of marketing theory in relationship to modern marketing planning & practice Foundational Knowledge and Practice 8.1. Application & Practice – Evaluate current marketing and consumer behavior and practice relative to theoretical models found in the literature Course Objectives: 1. Define, recognize and assess differences in terminology: international, multinational and global marketing. (Program outcomes: 1.1, 2.2, 3.1, 3.3, 7.1, 8.1) 2. Evaluate and apply main components of global marketing research. (Program outcomes: 1.1, 1.2, 2.2, 3.1, 5.1, 6.1, 7.1, 8.1) 3. Synthesize body of knowledge related to marketing, culture, and communication. (Program outcomes: 1.1., 1.2, 3.1, 5.1, 6.1, 7.1, 8.1) 4. Appraise different global marketing strategies. (Program outcomes: 4.1, 4.2, 5.1, 6.1, 7.1, 8.1) 5. Analyze management models related to global marketing and construct a model for market selection. (Program outcomes: 1.1, 1.2, 3.1, 3.2, 3.3, 4.1, 7.1, 8.1) Page 7 6. Analyze and assess 4 P strategies for the world market. (Program outcomes: 1.1, 1.2, 5.1, 7.1, 8.1) 7. Distinguish and evaluate ethics in marketing in different countries. (Program outcomes: 5.1, 6.1) 9. Synthesize and evaluate issues related to global and multinational marketing. (Program outcomes: 1, 2, 3, 4, 5, 6, 7, 8) Assignment Table Module Module Topics - Define, recognize and 1 assess differences in terminology: international, multinational and global marketing - Evaluate main components of global marketing research: - Globalization - Assessing global environmental variables - Ethical issues in marketing research - Synthesize and critique 2 body of knowledge related to marketing and Culture, and Readings Kumar: ch.1,2,3 Arnold ch.1, 2 Van Herk & Poortinga & Verhallen article Svensson’s article, Sheth & Parvatiyar’ article Mitchell’s article Assignments Assignment 1. Define and assess differences in terminology: international, multinational and global marketing. Do you support these definitions, and do you agree there are significant differences in the scope of topics each of them cover? If yes, support your answer with critical analysis and relevant literature. If no, support your answer with critical analysis and relevant literature. (2 page essay) Assignment 2. Discuss, explain and provide your answer to the following question: Global marketing research: Myth or Reality? Cite your sources. (3 page essay) Articles: Zhu et alies, Elahee & Kirby, Allert & Innes-Brown, Assignment 1. Arrange and organize by topics and regions/countries, different literature related to cultural issues in marketing. Present your work in a table. Table should have the following columns: Page 8 Communication 3 - - Appraise different global marketing strategies, Analyze management models related to global marketing and construct a model for market selection Mintu-Wimsatt et alies Tharp & Jeong Arnold ch. 3, 7,8 Zou & Cavusgil article, Hewett & Bearden article Vignali article Barlett article 1. topics: a. marketing and culture b. marketing and communication in different cultures 2. region/country: here you have to explain main characteristic of that particular region/country as it relates to the above topics (a. culture and b. communication) 3. literature: here you have to give literature related to items in column 2. You have to state the author and the year when particular article/book was published. On the bottom of the table, you have to write all your sources that you used for this assignment. Assignment 2. Select a case study ( you can look for your case study on Caseplace.org or select one from Harvard Business Review) illustrating communicational pitfalls in global marketing. Analyze the case, and provide a critical assessment. Cite your sources. (2 page essay) Assignment 1. Write a summary paper on assigned topics: global marketing strategies, and management models. (3 paragraphs per topic, total of 6 paragraphs). Based on literature review construct a model for market selection. ( 1 page) Cite your sources. Assignment 2: Read Vignali’s article, Kellogg’s case study. Compare and contrast (2 page essay) two models (internalization vs. globalization). Support your analysis with additional literature. Cite your sources. Assignment 3. Start working on your final paper. Page 9 Final paper topic Write a paper (15-20 pages long) where you will review, compare, and contrast, different theoretical and practical readings related to global marketing strategies, with special emphasis on ethical issues. Information about the format of the paper you will find in lesson 8. 4 Assess Product/Service strategy for the world market Lovelock & Yip article Mahajan & Banga ch. 2 3 peer reviewed articles Assignment 1. Read 3 peer reviewed articles related to assigned topic. Based on these articles and other readings, develop a model for a successful product/service strategy for the global market, or one particular international market of your choice. (3-4 page paper) Assignment 2. Find one case study (you can look for your case study on Caseplace.org or select one from Harvard Business Review) with inappropriate product/service approach for the international market. Analyze the case, identify the mistakes, and argue for an alternative approach. (2 page paper) 5 6 Assess Price/Promotion strategy for the world market Analyze and compare distribution channels in Arnold ch.4, 6 Mahajan & Banga ch. 4, 6 Assignment 1. Appraise 86 percent approach as it relates to pricing. Write a 1-2 page paper. Cite your sources. Theodosious article Lawes article Prasad et alies article Myers & Cavusgil article Assignment 2. Select one case study (from the assigned readings or another one) related to the assigned topics (price/promotion in the global market). Develop a plan to resolve the problems in a case. (1-2 page paper) Arnold ch 5 Mahajan & Banga ch.9 Assignment 1. Write a summary paper on the 86 percent solution. Examine and apply this solution on another case. Page 10 different countries 7 8 Distinguish and evaluate ethics in marketing in different countries Synthesize and Evaluate Issues related to global and multinational marketing Richey & Myers article Al-Khatib et alies article Borgerson & Schroeder article Singhapakdi & Karande article Caux Round Table Website: http://www.cauxroundtable.o rg/ Express your opinion about this approach. (2 page paper) Assignment 2. Select two different countries, and conduct a research on their distribution channels. Discuss the differences/similarities and explain how you will adjust your marketing strategy (select a product) for each market. (2 page paper) Assignment 1. Identify two ethical issues of your choice. (bribery, child labor, safety protection etc.). Read peer reviewed articles related to these topics. Compare and contrast approaches in different countries. Suggest your opinion about these issues and support your answer with relevant academic literature. Assignment 2. Go on Caux Round Table web site. Select two issues that are covered on this page. Write an evaluation of these issues. (1-2 page long) Peer reviewed articles related Assignment 1. Review course objectives. Choose 3 of to the final paper topic them and indicate the value each of them has to you and to the study and practice of global marketing. Express your views in a page-long essay. Assignment 2. The final paper for the course is expected to be 15-20 pages long, plus a cover page, abstract, reference pages and appendices (if needed). The paper is to be typed, double-spaced and written following the APA form and style. The final paper must contain the following qualities: Introduction (a statement of the problem) Literature Review (a discussion of the pertinent literature) Body (a discussion of how the literature Page 11 relates to the project Summary and Future Research Recommendations. This assignment is designed to assist students in developing the following course performance objectives: Performing and Understanding Research Written Communication Skills Critical Thinking/Problemsolving/Decision-making/Information Literacy Ethics/Diversity Teams/Leadership Page 12 Grading Criteria Grading Scale A AB+ B BC+ C CD+ D DF 100 – 93 92 – 90 89 – 88 87 – 83 82 – 80 79 – 78 77 – 73 72 – 70 69 – 68 67 – 63 62 – 60 59 and below Grading requirements Attendance/participation Weekly Assignments Final paper Optional Optional 25% 20% 35% 10% 10% 100% Page 13 Library: All resources in Argosy University’s online collection are available through the Internet. The campus librarian will provide students with links, user IDs, and passwords. Library Resources: Argosy University’s core online collection features nearly 21,000 full-text journals and 23,000 electronic books and other content covering all academic subject areas including Business & Economics, Career & General Education, Computers, Engineering & Applied Science, Humanities, Science, Medicine & Allied Health, and Social & Behavior Sciences. Many titles are directly accessible through the Online Public Access Catalog at http://library.argosy.edu. Detailed descriptions of online resources are located at http://library.argosy.edu/misc/onlinedblist.html. In addition to online resources, Argosy University’s onsite collections contain a wealth of subject-specific research materials searchable in the Online Public Access Catalog. Catalog searching is easily limited to individual campus collections. Alternatively, students can search combined collections of all Argosy University Libraries. Students are encouraged to seek research and reference assistance from campus librarians. Information Literacy: Argosy University’s Information Literacy Tutorial was developed to teach students fundamental and transferable research skills. The tutorial consists of five modules where students learn to select sources appropriate for academic-level research, search periodical indexes and search engines, and evaluate and cite information. In the tutorial, students study concepts and practice them through interactions. At the conclusion of each module, they can test their comprehension and receive immediate feedback. Each module takes less than 20 minutes to complete. Please view the tutorial at http://library.argosy.edu/infolit/ Academic Policies Academic Dishonesty/Plagiarism: In an effort to foster a spirit of honesty and integrity during the learning process, Argosy University requires that the submission of all course assignments represent the original work produced by that student. All sources must be documented through normal scholarly references/citations and all work must be submitted using the Publication Manual of the American Psychological Association, 5th Edition (2001). Washington DC: American Psychological Association (APA) format. Please refer to Appendix A in the Publication Manual of the American Psychological Association, 5th Edition for thesis and paper format. Students are encouraged to purchase this manual (required in some courses) and become familiar with its content as well as consult the Argosy University catalog for further information regarding academic dishonesty and plagiarism. Page 14 Scholarly writing: The faculty at Argosy University is dedicated to providing a learning environment that supports scholarly and ethical writing, free from academic dishonesty and plagiarism. This includes the proper and appropriate referencing of all sources. You may be asked to submit your course assignments through “Turnitin,” (www.turnitin.com), an online resource established to help educators develop writing/research skills and detect potential cases of academic dishonesty. Turnitin compares submitted papers to billions of pages of content and provides a comparison report to your instructor. This comparison detects papers that share common information and duplicative language. Americans with Disabilities Act Policy It is the policy of Argosy University to make reasonable accommodations for qualified students with disabilities, in accordance with the Americans with Disabilities Act (ADA). If a student with disabilities needs accommodations, the student must notify the Director of Student Services. Procedures for documenting student disability and the development of reasonable accommodations will be provided to the student upon request. Students will be notified by the Director of Student Services when each request for accommodation is approved or denied in writing via a designated form. To receive accommodation in class, it is the student’s responsibility to present the form (at his or her discretion) to the instructor. In an effort to protect student privacy, the Department of Student Services will not discuss the accommodation needs of any student with instructors. Faculty may not make accommodations for individuals who have not been approved in this manner. The Argosy University Statement Regarding Diversity The Argosy University provides equitable access through its services and programs to students of any social, geographic and cultural background, regardless of gender, and strives to prepare all candidates to work with and provide services to diverse populations. Argosy demonstrates its commitment to diversity through the development and support of a diverse educational community. Page 15