1 INDIAN INSTITUTE OF MANAGEMENT, BANGALORE POST GRADUATE PROGRAM IN MANAGEMENT (PGP) Open to a limited number of PGSEM Participants Course Outline: Business-to-Business Market Management (B2BMM) (Elective) PGP Quarter-4, 2011 Class Room: To be finalised Session Days: Fridays and Saturdays, Time: To be finalised Faculty: D. V. R. Seshadri (dvrs@iimb.ernet.in) Office Location: E-203, IIMB Meeting: By Appointment (via email) Dated: 1st March 2011 (Version 1.0) [Subject to minor changes] A. Course Objectives 1. Develop a good understanding of the concepts and frameworks of business-tobusiness market management (also referred to as B2B Marketing or business marketing). 2. Develop critical analysis and problem-solving abilities with respect to business market management. 3. Gain a first-hand understanding of working relationships within and between firms in business markets. B. Course Description Business-to-Business (B2B) Marketing encompasses those management activities that enable a supplier firm to understand, create, and deliver value to other businesses, governments, and / or institutional customers. In the context of these business markets, value is ‘the worth in monetary terms of the economic, technical, service and social benefits a customer firm receives in exchange for the price it pays for a market offering.’ There are four guiding principles of B2B Marketing: Make value the cornerstone Focus on business market processes Stress doing business across borders Accentuate working relationships and business networks This course is designed to provide students with a good understanding of the concepts of B2B market management. It helps them develop critical analysis and problem-solving abilities with respect to business market management. 2 Target audience for the course The course is open to all PGP 2nd year participants, as well as limited number (up to 15) of PGSEM 2nd and 3rd year participants. Some Important Guidelines 1. The utility of the course to the participant will depend largely on the ability of the participant to closely follow the readings and invest the required time to prepare for the sessions. It is expected that participants will have read the specified material prior to each session. 2. The material presented in the prescribed textbook will not be covered through instructor’s lectures in the class. It is expected that all participants will read the specified chapter(s) of the textbook BEFORE the session, prior to embarking on case preparation. 3. Regularity in attending the sessions, preparing for the sessions before the class, and active participation in the learning experience are vital. 4. This is a demanding course and only participants seriously desirous of enhancing their knowledge of marketing in general and business market management in particular are advised to take this course. 5. I expect the participants to be punctual to the class. Latecomers please excuse!! 6. Good Luck and Wishing you an Enjoyable LEARNING EXPERIENCE! C. Pedagogy The case method will be the primary pedagogy. D. Evaluation 1. Class Participation: Case Preparation and Discussion The first component will be related to regularity in attending the classes, case preparation and discussion as well as general constructive class participation. Each student must be prepared to thoroughly discuss each case and actively participate in the case discussions in class, based on the assigned case and readings for the day. This demonstrated ability is a significant though not sole determinant of each participant’s grade for the class participation. Prior preparation is a commitment made by each participant to himself and to the class. Hence anyone in the class may be called upon to contribute insights during the case discussion. The points awarded for class participation will be based on regularity of attendance to all the classes and meaningful participation in all the case discussions. 3 . The total weight for the case discussion and related class participation will be 100 course points, of the total 1000 points for the course. Each session is worth up to 5 points. You will earn those points as follows: You will automatically receive 2 ½ points for attending each session. Hence if you attend all sessions you will receive 50 points. Those who miss the session will get no points for that session. Additionally, you can earn up to 2 ½ points per session for consistent outstanding contribution of insights during the classes / case discussions. This translates to a maximum of 50 points. Remember, quality of class participation, rather than simply quantity or ‘air time’ used up will determine the points allotted for this segment of evaluation. 2. Quizzes An important component of the evaluation will be quizzes. There will be three in-class quizzes during the course, each of which will carry equal weight of 300 points. Best two of these will be chosen. They could essentially consist of short questions, which will require brief answers. The questions will be drawn from the chapters of the prescribed textbook, various concepts discussed in the class and the articles in the course pack. Alternately the quizzes could be analysis of short management cases. The quizzes seek to assess each participant’s learning and mastery of important concepts covered in the course. NO MAKE-UP QUIZZES WILL BE ADMINISTERED under any circumstances. The quizzes will be pre-announced. Please note that mastery of all of the course material is essential to do well in the quizzes. 3. Group project There will be one project (group), which will carry 300 points. This will involve choosing a company that is an exemplar of B2B Market Management from the Indian context (could be either an Indian company or an MNC with operations in India), and providing insightful analysis about what makes the company so special. This project write-up must relate these insights to established principles discussed during the course and/or those embedded in the course pack. It will require considerable background work by participants through secondary and/or primary research. It will need minimum 10 hours of work per participant to do a good job on this component of course evaluation. The size of each group will be maximum of four participants. No negotiation on these aspects please! 4 In summary, the total of 1000 points will be allocated as follows: Component 1. 2. 3. Points Class participation Best Two out of Three Quizzes, each 250 points Group project 100 (Individual) 600 (Individual) 300 (Group) --------1000 --------Your final grades will depend on consistent and superior performance in the class against the above components as well as your performance relative to other students in your class. Note that each of these components will be relative graded, and based on the above weights, the final grade for the course will also be evolved again based on relative grading, to ensure compliance to the PGP/PGSEM norms for grades. IMPORTANT Each participant is required to bring to every class his / her name board that will be conspicuously displayed for the instructor / teaching assistant to clearly see. Also make sure you bring the relevant course material for each class. Cases and other course material: You may obtain a pack containing the cases and other course material from PGP/PGSEM Office during the week prior to the commencement of classes for the Quarter. Text book for the course and other course material Text: James C. Anderson, James A. Narus, Das Narayandas and. D V. R. Seshadri, Business Market Management: Understanding, Creating and Delivering Value, 3 rd Edition, Pearson (India) Education, Low Priced Edition, 2011. You may obtain your personal copy of the book from PGP/PGSEM Office/Book Shop (as appropriate) during the week prior to start of the course. 5 Session Plan Note: This session plan is tentative and is subject to change before commencement of the course Session #, Week # Day Topic(s) / Concept(s) A&N Chapter # Case Name 1. Week-1 1. Introduction and Course Overview 2. Business Market Management: Guiding Principles Caselet # 1: Automobile Fleet Marketing 1 - Remarks (Note: The sessions in which Quizzes will be conducted are only tentative and subject to change) - Market Sensing 2 - - Market Sensing 2 Case # 1: Rohm & Haas - Market Sensing 2 Case # 2: Kunst 1600 - Friday 2. Week-1 Saturday 3. Week-2 Caselet # 2: Zeus Laser Technologies Friday 4. Week-2 Saturday 5. Week-3 (Note: Kunst 3500, the case for the session on Friday 2nd July, will be handed over in class) Case: # 3: Kunst 3500 Market Sensing 2 Understanding Firms as Customers 3 - Caselet # 3: Purchasing a Computer Component Understanding Firms as Customers Case # 4: Bose Corporation: The JIT II Program (A) 3 Case # 5: Cumberland Metal Industries Quiz-I - Friday 6. Week-3 Saturday 7. Week-4 Friday, 6 8. Week-4 Understanding Firms as Customers 3 Case # 6: Croon and Oce (Role-Play case. Case will be handed over in due course, during Week-3. Please complete the role-play before the class. The session # 8 will only provide a debriefing of the case.) Case # 7: Value Chain Migration at Infosys: Case (A) - Crafting Market Strategy 4 Managing Market Offerings 5 Case # 8: Microsoft Corporation: The Design of Microsoft Support Network 1.0 - Gaining Customers 8 Quiz-II Sustaining Customer Relationships 10 Case # 9: Infosys® Technologies Ltd.: Growing Share of a Customer’s Business Application of Value-based Marketing in Software Industry Gaining Customers 2,3 - Sustaining Customer Relationships 10 Key Account Management 10 Case # 10: CMR Enterprises Read Note: “Note on Customer Management,” by Das Narayandas Case # 11: Zucamor S.A.: Global Competition in Argentina Sustaining Customer Relationships 10 - Business Channel Management 7 Sustaining Reseller Partnerships 9 Case # 12: Reinventing Marketing at Tata Steel Case # 13: Tata Steel Drive on Institutional Sales Case # 14: Retail Business Transformation at Tata Steel Market Sensing 2 Quiz-III Crafting Market Strategy 4 Case # 15: Bucking the Trend: A Look at Zyme Solutions’ Non-Linear Business Model New Offerings Realisation 6 Market Sensing 2 Case # 16: Mahindra & Mahindra: - Saturday 9. Week-5 - Friday 10. Week-5 Saturday 11. Week-6 Caselet # 4: What’s on your Business’ Menu? Friday 12. Week-6 8 Saturday 13. Week-7 Friday 14. Week-7 Saturday 15. Week-8 Friday 16. Week-8 Saturday 17. Week-9 - - 7 Crafting Market Strategy 4 New Offerings Realisation 6 Business Channel Management 8 Sustaining Reseller Partnerships 10 Caselet # 5: Regency Sign Corporation Sustaining Reseller Partnerships Creating Scorpio Friday 18. Week-9 Case # 17: WESCO - 9 Case # 18: Aurolab - Crafting Market Strategy 4 - New Offerings Realisation 6 Case # 19: SolutionisingTM Strategy by Ingersoll-Rand India Ltd., (IR) Air Solutions Group, India Saturday 19. Week-10 Friday 20. Week-10 Saturday Caselet #6: Bachan Distilleries Ltd. Course Wrap-up Feedback Last date for submission of group project is on last day of course. No requests for extending the deadline, please! 8 Faculty Profile: SESHADRI D. V. R. Adjunct Faculty, IIM Bangalore (Marketing Area) Phone: 080-2699 3260 (o), E-mail: dvrs@iimb.ernet.in D.V.R. Seshadri is an Adjunct Faculty at Indian Institute of Management (IIM), Bangalore. His areas of interest are: Business-to-business Marketing, Corporate Entrepreneurship and Strategy. He holds a B. Tech. (Mechanical Engineering) from IIT, Madras (1978), M.S. (Engineering Sciences) from University of California, San Diego and a Fellow title (Doctorate) from IIM Ahmedabad, with specialization in Production and Quantitative Methods. He has over 15 years of industrial experience prior to joining academics since 2000. Over the last ten years, he has developed a number of case studies and authored a number of research papers in his areas of interest. He has coauthored three books: ‘Innovation Management,’ with Prof. Shlomo Maital published by Sage India in 2007; ‘Global Risk / Global Opportunity,’ co-authored with Prof. Shlomo Maital, published by Sage India, in June 2010; and Indian adaptation of the book, Business Market Management (B2B): Understanding, Creating and Delivering Value, with James Anderson, James Narus and Das Narayandas, published by Pearson Publishing, in June 2010. He teaches extensively in the various programs at IIMB in his areas of interest and at IIM Ahmedabad in the one year executive MBA program. He also teaches extensively in various Executive Development Programs at IIM Bangalore. He works closely with several companies, providing them training / consulting services in his areas of expertise. He is a highly rated teacher and trainer.