MAR4156-1954 SEMINAR IN INTERNATIONAL MARKETING FALL 2003 Instructor: Office: Phone: Dr. Richard Sjolander Bldg. 53/Room 140 474-2663 Office Hours: Monday and Wednesday 1:00 PM - 4:00 PM Tuesday 9:00 AM - 12:00 PM Class: Monday 5:30 AM - 8:25 PM Building 74 / 109 TEXT: The reading material for this course will come from a number of different sources. In keeping with the seminar format for the course, we will not have a single textbook for the semester. Approximately 500 pages of a readings will be placed on reserve at the UWF library. Recommended: The Wall Street Journal READINGS On reserve in the Library - about 400 pages - These materials will be placed on reserve throughout the term, as needed CASES These will be made available as on my website: uwf.edu/rsjoland Additional cases may be passed out in class. INTRODUCTION International Marketing reflects the emergence of a global marketplace and significant new challenges facing business management in a competitive and rapidly changing international environment. This course will stress the problems/challenges that differences in cultural, political, and socioeconomic environments introduce into the marketing process in international operations. The emergence of electronic commerce as a channel of distribution in the late 1990's is changing the paradigm of marketing operations, causing us to broaden our earlier definitions of competition. Foreign competitors, and their effects on the American market will also be explored in this course. PREREQUISITES GEB 4361, FIN 3403, MAR 3023 COURSE OBJECTIVES This course is intended to respond to the need for future U.S. business managers to be internationally literate with an understanding of the cultures, economic systems, and business practices of participants in a highly interdependent global marketplace. The basic course objective is to enhance the international perspective students need in the global marketplace of the 21st Century. The course will focus on a number of timely international issues and developments: * Scope of international business, its significance, the role of U.S. companies in this marketplace, and the driving forces to enter the global arena. * Special issues with European Union and pan-european market communications. * Factors impacting on U.S. competitive performance in international markets, and options for improving U.S. competitiveness in these markets. * International trade, economic/political ramifications of trade imbalances and restrictions between the U.S. and its trading partners, free trade vs. protectionism policies. * Cultural environment of international marketing. * Social responsibilities in multinational operations and ethical guidelines/business practices. * Host government relationships, political environment, and the implications of multinational operations on national sovereignty, control/regulation problems. * Developing global corporate strategies, and assessing risks associated with market entry into new foreign markets. * Developing strategies for competition in an electronic marketplace. * Developing strategies for risk minimization in international business. COURSE METHOD Seminar approach with maximum student participation encouraged through readings, research, and case discussions/presentations. Course lectures intended to expand/clarify text assignments, supplemented with the use of films, outside speakers, and class assignments/analysis. Emphasis will be on the understanding and application of concepts, with opportunity provided for the student to demonstrate an understanding of the factors critical to the success of an international operation. This will be reinforced through the use of business cases. Students (working in small teams) will be expected to become a class resource by researching/presenting brief reports on assigned cases and readings. RESEARCH PROJECT The traditional term paper in international marketing will be completed by individual students on topics of special interest to them. Student proposals will be developed prior to and refined during our session at the library on Sept. 15. 2 STUDENT EVALUATIONS The following criteria will be used as the basis for evaluation of student performance/achievement, and weighted as indicated below in arriving at a final course grade: Mid-term Exam Final Exam Cases & Homework Term paper Total 25% 35% 15% 25% 100% Class attendance is required reflecting a seminar approach and the need for maximum class participation to successfully develop effective class discussion. (Course grades may be debited in cases where absences are deemed excessive.) The midterm and final examinations will consist of essay and short answer questions. They will be designed to test your ability to analyze and synthesize the materials. Attendance for exams is specifically required. (Makeup exams will not normally be offered except in cases with extenuating circumstances.) One page (8 _ x 11) of notes may be brought to each exam. This means only the Midterm and Final examinations, not the quizzes. COURSE EVALUATION Course and instructor will be evaluated using standard university student course evaluation forms. (Suggestions/critique on course/content/format welcomed at any point during course.) GRADING POLICY 94 - 100% = A 90 - 93% = A87 - 89% = B+ 83 - 86% = B 80 - 82% = B77 - 79% = C+ 73 - 76% = C 70 - 72% = C67 - 69% = D+ 63 - 66% = D 56 - 62% = D- Note that this is not an approved university grade and can not be received as a course grade. Midterm and Final exam grades: Grades will be assigned based on the number of correct answers (points) on each test in relation to the number of correct answers on the second highest test paper. The highest score = A+ The second highest score = 100% Example of grade calculation: Observed points on test 3 66 highest number of points earned on test = A+ 63 = 100% (second highest observed score) 58 = 92.06% (58 / 63) x 100% = 92.06% 56 = 88.9% (56 / 63) x 100% = 88.9% 52 = 82.5% (52 / 63) x 100% = 82.5% 4 SCHEDULE MAR 4156 SEMINAR IN INTERNATIONAL MARKETING FALL 2002 - Focus on The European Union Aug. 25 Course Introduction Background on International Marketing and Case 1 Sept 1. Labor Day No Class Sept. 8 The Need for International Marketing Reading 1. Case 2 Sept. 15 Managing International Information Flows Meet as usual in our classroom – we go later to Reading 2, Guest Lecture, Peggy Toifel, Business Reference Librarian the Library Class room Sept. 22 Cross-Cultural Marketing Strategies Reading 3 and Case 3 Sept. 29 Theory in EU Trade Reading 4 Case 4 Oct. 6 Strategy in EU Marketing Part 2 Reading 5 and Case 5 Oct. 13 This date is reserved for work on your term projects in the library Oct. 20 Strategy in EU Marketing Part 2 Oct. 27` Midterm Examination - Bring Blue Book! Nov. 3 Competitive advantage Readings and Case 6 Nov. 10 Functional Realities In Global Markets Reading 7 and Case 7 Nov. 17 European Distribution Strategy Reading 8 and Case 8 Nov. 24 Pricing and Price Fluctuation Strategy and Pan-European Advertising Reading 9 and Case 9 Dec. 1 Global Competition in the United States Market Reading 10 and Case 10 Dec. 8 Final Examination - Bring Blue Book! 5 Reading 6 and Case 6 READINGS Reading 1: Reading 2: Cateora, Philip, and John Graham (2002), International Marketing, 11th Edition, Boston: McGraw Hill, Chapter 8, “Developing a Global Vision through Marketing Research,” pp206-237. Case 2: Magdalinos, Alkis (1999) in Principles of Marketing, Second European edition, Kotler, Armstrong, Saunders and Wong Reading 3: Johansson, Johny (2003), Global Marketing, Third Ed., Boston: McGraw-Hill Irwin, Chapters 4 & 5, Cultural Dynamics and Business Cultures,” pp. 96-149. Case 3: Kolesa, Paul, (1991) “Ikea’s Global Strategy: Furnishing the World,”, in Rita Martenson, Innovations in International Retailing, Gothenburg, Sweden: Liber. Reading 4: Cateora, Chaper 10, “Multinational Market Regions,” pp. 278-317. and Selections to be assigned from EU website Case 4: Carducci, Elizabeth, Horikawa, Akiko, and David Montgomery (1994) “Levi Strauss Japan K.K.” Selling Jeans in Japan. Reading 5: Johansson, Chapter 8, “Local Marketing in Mature Markets,” pp. 258-293. and Pew Charitable Trust (Part of the “Views of a Changing World, survey report, June, 2003”). Read the summary and be familiar with the tables in the body of the report to be found on-line at: www.pewtrusts.com/pdf/vf_pew_research_global_attitudes_0603.pdf Case 5: Bruer, Wolfgang and Richard Kohler, (1994) , “P&G’s Pert Plus: A Pan-European Brand? Reading 6: Johansson, Chapters 9 & part of 10, “Local Marketing in Growth Markets,” and “Local Marketing in Emerging Markets,” pp. 294- 349. Case 6: “It’s Raining Cranberries,” student developed case based on Steven Dunlap’s new Pensacola based company. See Money section article in Pensacola News Journal, Sept 7, 2003 for guidance. This is a major assignment to be worked on over the period from Oct. 6 – Oct. 20. Student groups will research and write the case, with case notes and solutions to case questions. MIDTERM EXAMINATION FOLLOWS THIS SECTION OF THE COURSE The UWF HONOR CODE is as follows: EXPECTATIONS FOR ACADEMIC CONDUCT As members of The University of West Florida academic community, we commit ourselves to honesty. As we strive for excellence in performance, integrity -- both personal and institutional -- is our most precious asset. Honesty in our academic work is vital, and we will not knowingly act in ways which erode that integrity. Accordingly, we pledge not to cheat, nor to tolerate cheating, nor to plagiarize the work of other. We pledge to share community resources in ways that are responsible and that comply with established policies of fairness. Cooperation and competition are means to 6 high achievement and are encouraged. Indeed, cooperation is expected unless our directive is to individual performance. We will compete constructively and professionally for the purpose of stimulating high performance and standards. Finally, we accept adherence to this set of expectations for academic conduct as a condition of membership in the UWF academic community. Approved UWF Faculty Senate May 10, 1991 7