MKTG 6201 MARKETING MANAGEMENT Module B, Spring 2015 INSTRUCTOR: Professor Chip Besio CLASSROOM: 280 Crow OFFICE: Fincher 316 (TEL.) 214-768-3142; (Mobile) 214-717-1864 (E-mail) cbesio@smu.edu OFFICE HOURS: By Appointment. Module Text: Course Packet and Casebook available from Professor Besio. Course Purpose and Learning Objectives The purpose of this course is to provide more depth and breadth in the analysis of common marketing problems encountered by marketing managers and general managers. Emphasis is placed on the analysis, development, and implementation of the organization’s marketing strategy and tactics. On a more specific level, the coursework will attempt to develop concepts and skills necessary for marketing decision-making as well as illustrate how various decision-making tools apply to actual business situations. The goal of this course is to develop a disciplined process for addressing marketing management issues and problems in a variety of settings. Specific learning objectives pertaining to (1) training in marketing, (2) communication skills, and (3) interpersonal skills in the context of this course are outlined below. Training in Marketing --ability to analyze strategic and operational marketing problems and opportunities and to develop feasible courses of action to solve problems and capitalize on opportunities --knowledge of a conceptual and operational framework for marketing decisions and the role of marketing management within organizations Communication Skills Oral --in class discussion (“committee meeting) format, demonstrate ability to present ideas clearly; to move discussion logically toward resolution while showing sensitivity to others viewpoints, and willingness to change opinion in face of persuasive argument and evidence Interpersonal Skills --engage in productive dialogue with others to analyze marketing phenomena and where appropriate assume a leadership role. --work with others to analyze marketing problems and prepare well-articulated courses of action with consideration of implementation issues --knowledge and use of marketing vocabulary Syllabus MKTG 6201 MOD B Summer 2012 1 Module Format As a vehicle to help students attain these objectives, the core of this course consists primarily of the analysis of cases that describe actual marketing situations encountered by senior and middle management. The course book chapter readings provide for background material pertaining to marketing tools and concepts, financial aspects of marketing management, and marketing vocabulary. Cases In analyzing and discussing cases students will be encouraged to apply concepts from other courses, other fields and from their relevant personal or business experience. The class will also be encouraged to develop concepts and generalizations which may be applicable to a broad range of marketing management and strategy problems. The primary learning in this course will come from thorough analysis of cases and active involvement in class discussion. Consequently, thorough preparation for, regular attendance and active participation in class sessions is expected. Comments on preparing for case analyses are provided in the course book, Chapter 3. An individual student’s cumulative involvement in and contribution to class discussion will be graded by the instructor at the end of the course. Five criteria are used to assess class discussion contribution. They are: (1) helped the class better understand the case situation and issues, (2) offered meaningful interpretation of case data, (3) provided useful quantitative/financial analyses, (4) illuminated the pros/cons of options or alternatives under consideration, and (5) provided useful insights for the evaluation of options/alternatives and recommended course of action, including implementation issues. One of five numerical grades will be assigned to each student: (1) Exemplary (30 pts.), (2) Good (25 pts.), (3) Class Average (20 pts.), (4) Below Class Average (15 pts.), and (5) Poor (0 pts.). Graded Case Questions Students are required to submit, for grading, formal answers to specific questions for all of the six cases assigned in the course. Answers to case questions are to be prepared and submitted by the student teams of no more than 6 people. All team members will receive the same grade on graded case questions. Each submission will count for 20 points. The format for graded case questions and an answer illustration is shown in Attachment A. Each team member will evaluate his/her self and fellow group members based on the contribution each made to the preparation of answers to graded case questions. The form used is shown in Attachment B. This form should be folded and stapled and is due at the beginning of class on August 4, 2011. One member of each team will assume responsibility for gathering the forms from team members and submitting them on the due date. Failure to submit a peer review on the due date will result in a student contribution score of zero. Syllabus MKTG 6201 MOD B Summer 2012 2 Module Grading A student's grade will be determined on the basis of (1) three team graded case question assignments, (2) peer evaluation on the team graded question, (3) instructor evaluation of cumulative class contribution, and (4) a comprehensive final examination. The weight assigned to each is as follows: Team Graded Case Questions 120 pts. Peer Evaluation – graded questions 30 pts. Instructor Evaluation – cumulative contribution 30 pts. Final Examination 120 pts. Total 300 pts. Final letter grades will be determined by the following table: A AB+ B BC+ C C- 276-300 270-275 264-269 246-263 240-245 234-239 216-233 210-215 D+ D DF 204-214 186-203 180-185 Below 180 total points Professor Besio understands each student has an grade objective they would like to achieve. He will discuss these objectives and their performance any time during the module up to and including the last day of class. After the last day of class he will not discuss grades except to inform students of any grades not completed by the last day of class. There will be no exceptions to this policy. Student Ethics: This class will abide by the SMU Student Code of Ethics. In this class, a student’s review of prior course examinations and case write-ups from any source (websites included) will be considered an ethical violation and will be dealt with accordingly. Disability Accommodations: If you need academic accommodations for a disability, you must first contact Ms. Rebecca Marin, Coordinator, Services for Students with Disabilities, 220 Memorial Health Center (214-768-4557) to verify the disability and establish eligibility for accommodations. Then you should schedule an appointment with the professor to make appropriate arrangements. Religious Observance: Religiously observant students wishing to be absent on holidays that require missing class should notify their professors in writing at the beginning of the semester, and should discuss with them, in advance, acceptable ways of making up any work missed because of the absence. Syllabus MKTG 6201 MOD B Summer 2012 3 SCHEDULE OF ASSIGNMENTS Day/Date Assigned Materials Topics Module 1: Course Foundations March S 21 Course Introduction Marketing Management What is Marketing.ppt Financial Aspects.ppt Segmentation Targeting.ppt Chapters 1 - 3 S 28 April M 06 S S 11 18 Case#1 South Delaware Coors Product-Service Concepts Segmentation/Positioning Product & Service Strategies.ppt Positioning.ppt Chapters 4 & 5 Case #2 Janmar Coatings Inc. Integrated Marketing Communications Chapter 6 Marketing Communications. Ppt Case #3 Dr. Pepper Snapple Group, Inc., Energy Beverages Marketing Channels & Logistics Chapter 7 Distribution Channels & Logistics.ppt Case #4 Bates Manor Furniture A&B Pricing Strategy Chapter 8 Pricing Foundations.ppt Pricing Alternatives Case #5 Cutco Corporation Syllabus MKTG 6201 MOD B Summer 2012 4 SCHEDULE OF ASSIGNMENTS Day/Date S 25 Topics Global Marketing Case #6 May S 02 Assigned Materials Chapter 10 Global Marketing.ppt Augustine Medical Inc: The Bair Hugger Patient Warming System Final Exam Syllabus MKTG 6201 MOD B Summer 2012 5 Attachment A or Formatting Reference only! Case: Republic National Bank of Dallas: NOW Accounts Team: 1. _________________________ 4. ______________________________ 2. _________________________ 5. ______________________________ 3. _________________________ 6. ______________________________ Question: Below what checking account deposit balance level does RNB incur an annual loss, on average? Answer: Below $500.00 Rationale: A profitability analysis of checking account balances reveals that RNB loses money on accounts that are less than $500 based on the investible balance percentage of 85% (p. 673) and an average yield of 7.5% (p. 673). The documentation is shown below: Account Size Less than $200 $200-$499 $500-$999 a Average Average Service/ Interest Handling Revenue per Revenue per a Account + Accountb $19.92 27.72 60.71 $18.72 18.72 18.72 Average Total Revenue = per Account $38.64 46.44 79.43 Average Total Account Costb $62.88 62.88 62.88 = Average Profit/ (Loss) $(24.24) (16.44) 16.55 Computed as follows: For example, an account size under $200, using case Exhibit 1 data, where $4.5 million represents the dollar value of accounts under $200 (3% of $150 million in total checking account balances) and 14,400 represents the number of accounts under $200 (32% of 45,000 personal checking accounts) the average annual interest revenue per account is $19.92: x 0.85 x 0.075 = $19.92 b Annualized average account revenue and cost given in the case where service/handling charge revenue per account per month = $1.56, or $18.72 per year; account cost per month = $5.24, or, $62.88 per year Syllabus MKTG 6201 MOD B Summer 2012 6 Attachment B Name:________________________ OVERALL RATING OF GROUP MEMBERS For each member of the group, including yourself, assign a point total based on your experience working with that person on preparing answers to graded case questions. Typical Point Ranges Contribution Disproportionally Less than Others Contribution Proportionally the Same as Others 5-17 pts. Contribution Disproportionally More than Others 18-22 pts. Name (Your name first) 23-30 pts. Score TOTAL* * Point total for 5-person group cannot exceed 100 points. * Point total for 6-person group cannot exceed 120 points. IF A STUDENT DOES NOT SUBMIT THIS FORM, HE OR SHE WILL BE ASSIGNED A NUMERICAL SCORE OF ZERO Syllabus MKTG 6201 MOD B Summer 2012 12