CASE WESTERN RESERVE UNIVERSITY THE WEATHERHEAD SCHOOL OF MANAGEMENT MKMR 301 Marketing Management Fall 2002 Instructor Office Phone E-Mail Deepak Sirdeshmukh Peter B. Lewis 222 368-2152 (Office); 368-4785 (Fax dxs83@weatherhead.cwru.edu Administrative Assistant Mary Ryan; PBL 2nd Floor; 368-5001; mxr29@weatherhead.cwru.edu Office Hours Monday 445-545 p.m., Wednesday 445-545 p.m. or by appointment. The quickest way to reach me, in particular for an emergency of some sort, is to call. If you leave a message, please speak loudly and leave me a phone number and time when you can be reached. Course Description and Objectives In today's business environment, both domestic and global, a key function of marketing decision makers is to identify and develop programs that capitalize on the firm's unique capabilities and provide value to the customer. Customer value in turn, is the driver of brand and firm value. This course is designed to meet two key objectives. The first objective is to help you develop a clear understanding and appreciation of the marketing issues confronting decision makers in organizations. The second objective is to guide you in applying a broad range of marketing principles and techniques in making marketing decisions. These objectives will be achieved through the application of marketing concepts and frameworks to problem definition, environmental analysis, and strategy formulation in a wide range of contexts. For those of you not pursuing a concentration in marketing, this course will provide you with a set of basic concepts that will enable you to interact effectively with marketing specialists and to understand emerging issues in marketing, regardless of your organization positions. For students intending to specialize in marketing as part of their study programs, this course will provide a foundation for subsequent in-depth study in advanced marketing courses. The assigned text book, readings and class discussion will be our primary tools in knowledge development. The case studies will be used to examine problems faced by marketing managers, the impact of environmental factors on decision making and in the end, to determine a cogent course of action. Course Material 1. Text: Principles of Marketing 9/e, Prentice Hall, Philip Kotler and Gary Armstrong. 2. Case packet. 3. Lecture Outlines – These are outlines that are meant to help you take notes that are handed out prior to each lecture. They are not meant to serve as a substitute for lectures. Course Requirements Group Cases You should form groups of 4 (maybe 3 but rarely 5) for case assignments. These assignments are designed to provide an opportunity for practical application of the concepts introduced through the lectures and readings. You will need to turn in written case analyses for a total of 3 out of 8 cases. However, you should be prepared to discuss all assigned cases in class. The written case analysis should not be greater than 5 pages (double space) in length - any number of additional non-text appendices such as graphs and tables may be added. Cases should be turned in at the start of the class session when they are due. Late submissions will be appropriately penalized. It will be helpful for you to have a second copy handy for reference during class discussion. Further guidelines for case analyses will be provided. You have the option of turning in 4 cases of which the lowest score will be dropped. I highly recommend that you turn in any one of the first two cases in order to receive feedback on case analyses early in the semester. (See note on one page assignments) Exams Exams are meant to assess your grasp of concepts and principles introduced in class. They will be based upon material from the text, readings and lectures. 2 in–class, closed book, exams will be given during the semester and will consist of short answers and long essays. The exams will be non-cumulative. Further details regarding exams and any changes will be provided in class. Class Participation In order to achieve the objectives of this course, you are always expected to be thoroughly familiar with assigned reading material prior to coming to class. You should be prepared to elaborate on topics discussed in the assigned reading or to respond to questions regarding the material. The quality and amount of learning derived from this course will depend on your interaction with me and with the rest of the class. I may call on you for your comments or questions with the intention of providing you with additional opportunities for participation. On days when a case is assigned, a significant portion of class discussion will be devoted to case analysis. It is important that you come to class fully prepared to discuss the case even if your group is not turning in a case write-up. Again, I will frequently call on a group to lead the case discussion. Your class participation grade will be determined by the quality and amount of your participation. Participation could range from being consistent and well prepared to sporadic and barely prepared. My judgments of performance will be based on the following template: Participation Consistently (all semester) well prepared, initiates discussions and engages colleagues, comments are focused and insightful, listens well. Responds to questions, occasionally leads discussions, always well prepared on cases. Only responds to questions, prepared only on submitted cases, uninvolved otherwise. Uninvolved in discussions, vague or inaccurate responses to pointed questions. Participation Grade Range A B C D/E/F Required one page assignments: For any four cases that your group will not be turning in, you are required to write-up a one page, single space, individual write up. The topic for the write-up is provided along with the assigned case questions. This assignment is designed to help bring an individual, perhaps out of box perspective to the case that may not be possible within the confines of the assignment for the week. The larger objective is to enhance the quality of the in-class discussion through an informed, committed perspective. I will collect these over the semester and will only evaluate them at the conclusion of the term on a or + basis and will contribute the overall class participation score (only). To the extent that in-class participation is lacking, these assignment will partially compensate. Grade Composition Group Case Reports (3 x 15) Exam I Exam II Class Participation 45% 20% 20% 15% Honor Code All students are required to comply with guidelines prescribed in the Weatherhead Standards of Academic Honesty. Failure will result in appropriate penalties. Of particular note, (a) any discussion of case material with past students or students at other institutions or (b) submission of any analysis not conducted by the course group (obtained elsewhere, that is), will constitute a violation of course policy and due procedures will immediately be initiated. Group Member Evaluations At the end of the semester, you will be asked to provide ratings of your contribution and contributions of other group members to group assignments. COURSE MAP Module 1 Marketing’s Role in Business Strategy Value Exchange and Business Success The Marketing Concept The Marketing Planning Process Marketing Research Module 2 Developing Sound Marketing Strategies Customer Analysis Competitor Analysis Internal Analysis Target Market Selection Value Proposition and Positioning Module 3 Creating Effective Marketing Programs Product and Brand Strategy Service Strategy Distribution Strategy Pricing Strategy Marketing Communications Strategy COURSE SCHEDULE (Session) DATE (1) August 26 (2) August 28 TOPIC ASSIGNMENTS Module 1: The Marketing Process and its Role in Business Strategy The Marketing Philosophy, Value Exchange Ch. 1 The Marketing Plan and the Planning Process Ch. 2 September 2 (3) September 4 Labor Day Holiday In-Class Exercise (4) September 9 (5) September 11 Analysis of the Environment Ch. 3 Caselet: Can this brand be saved? (For class discussion only) (6) September 16 (7) September 18 Module 2: Developing Sustainable Marketing Strategies Analyzing Consumer Behavior Ch. 5 Case: TIVO (8) September 23 (9) September 25 Analyzing Industrial Buyer Behavior Ch. 6 Case: Dominion Motors (10) September 30 (11) October 2 Marketing Research for Decision Making Market Segmentation, Targeting Ch. 4 Ch. 7 (12) October 7 October 9 Positioning No Class: Peter B. Lewis Building Dedication Ceremonies Case: Black and Decker (13) October 14 (14) October 15 Positioning and Strategy EXAM I (Material to Date) October 21 (15) October 23 No Class: Fall Break TBD (16) October 28 (17) October 30 Module 3: Creating Effective Marketing Programs New Product Development Ch. 9 In-Class Exercise TBD (18) November 4 (19) November 6 Product and Brand Strategy Ch. 8 (until p. 317) Case: Colgate Palmolive (20) November 11 (21) November 13 Service Strategy Ch. 8 (From p. 317) Case: Credit Suisse (22) November 18 (23) November 20 Pricing Strategy Ch. 10, 11 Case: Reynolds (24) November 25 (25) November 27 Distribution Strategy Ch. 12, 17 Case: Mathsoft (26) December 2 (27) December 4 Marketing Communications Strategy Ch. 14, 15 Case: Heineken (28) TBD Exam II (Material From Second Half of Semester) Case Packet 1. Caselet: Can this brand be saved? 2. TIVO 3. Dominion Motor & Control 4. Black and Decker Power Tools Division (A) 5. Colgate-Palmolive Co: The Precision Toothbrush 6. Credit Suisse (A) 7. Reynolds Metal Company 8. Mathsoft Inc. 9. Heineken N.V. Biography Deepak Sirdeshmukh, Ph.D. (Marketing), is Visiting Assistant Professor of Marketing at the Weatherhead School of Management, Case Western Reserve University where he has taught graduate courses in marketing management, consumer behavior, and marketing communications management. Deepak has received the Outstanding Undergraduate Teacher Award at the Ohio State University and numerous nominations for the Weatherhead Teaching Excellence Award. He has also served as committee member for candidates in the doctoral and executive doctorate in management programs. Deepak is a regular presenter in executive training programs on customer relationship management, brand management and marketing management in the United States, Europe, Asia and Australia. Deepak’s primary areas of research expertise include customer trust, customer based brand equity, and customer relationship management. He is currently involved in a multiindustry, multi-national research project examining the role of customer trust in online and offline service exchanges. Deepak has published in the Journal of Marketing, Journal of Marketing Research, Journal of Consumer Research, Journal of the Academy of Marketing Science, Journal of Consumer Psychology, Advances in Consumer Research, and The Journal of Customer Satisfaction among others. His most recent article titled “Consumer Trust, Value and Loyalty in Relational Exchanges,” co-authored with Jagdip Singh and Barry Sabol appeared in the January 2002 issue of the Journal of Marketing. Deepak’s consulting experience includes value proposition and brand strategy development, brand equity and customer satisfaction tracking, and evaluation of integrated marketing communications campaigns. Deepak has served on the leadership council of the American Heart Association Northeast Ohio and on the CWRU Human Subjects Review Committee. He has been quoted in the Associated Press, National Public Radio, CNN.Com, The Christian Science Monitor, Computer World; Boston Globe, Richmond Times, Cleveland Plain Dealer, Crain's Cleveland Business, Detroit Free Press, Newark Star Ledger, the Tennesean, Kansas City Star and the Akron Beacon Journal among others.