LOYOLA MARYMOUNT UNIVERSITY COLLEGE OF BUSINESS ADMINISTRATION MBAC 613 – Consumer Behavior – Fall 2008 Instructor: Office: Phone: E-mail: Office Hours: Anthony Patino, Assistant Professor of Marketing Hilton 210D (310) 338-5167 office anthony.patino@lmu.edu Mondays 2-3P, 4:30-6:30P Tuesdays 6-7P Wednesdays 2-3P, 7-8P Other times by appointment Class Materials: Michael R. Solomon (2009), Consumer Behavior: Buying, Having and Being, Eighth Edition, Prentice Hall Publishing The required textbook provides a thorough foundation of consumer behavior principles and applications. The book not only has a detailed discussion of principles but it also includes interesting cases, internet exercises and review questions – allowing you to better understand the principles and apply the concepts. Other required readings will be assigned. These will be available in class or via the course website. Also, you are expected to keep current with issues in buyer behavior and marketing strategy by reading newspapers, business magazines, books, and online news sources. All students must check blackboard daily and prior to every class Harvard Business School Cases can be purchased via Harvard Business online. See schedule for specific cases. Educational Philosophy: The lectures are designed to identify the more important concepts, clarify the more complex concepts, introduce some additional marketing concepts and provide more real world examples of marketing at work. Cases and video examples will be used to enhance understanding of marketing principles. It is vital for you to read the text and cases before each class in order to get the most out of each session. Participation is a vital part of the learning experience. As a result, I will assume reading will be done before each class. No view is wrong but you must come prepared to defend your proposal. Course Description Consumer behavior is the course within the marketing curriculum that most directly applies concepts, principles and theories from the various social sciences to the study of factors that influence the acquisition, consumption and disposition of products, services and ideas. Knowledge of consumer behavior principles is becoming increasingly important for the marketing manager and the public policy maker. Quite simply, in order to develop the products and services that will fulfill the needs and wants of individuals in the marketplace, knowledge of consumer behavior is necessary, as well as an appreciation for the diversity of consumers. In addition, in order to make good decisions, the manager must have an understanding of how various consumers are likely to respond to the actions of the firm or government. An understanding of the factors that influence consumers may provide an individual with insights into his or her own buying patterns. The principles from a number of disciplines are used to describe and explain consumer behavior including economics, psychology, sociology, cultural studies and anthropology. Course Objectives: The goal of Consumer Behavior is to examine the basic concepts impacting behavior with the goal of understanding how to apply these concepts within a managerial context. Buyer or consumer behavior is one of the most rapidly growing areas of marketing. The marketing concept as discussed in the introductory course states that the formulation of appropriate and effective marketing strategies must begin with a clear and accurate understanding of the consumers’ preferences and needs with regard to the product category. This course will explore in depth the basis for behavior in consumer contexts. The objectives of the course are as follows: 1) To introduce the student to key concepts, terms and theories being studied and developed in psychology, economics, sociology, cultural studies and anthropology and their relationship to consumer behavior. 2) To develop and enhance students’ abilities to identify potential applications of consumer behavior concepts and to utilize them in making and improving marketing strategy decisions. 3) To encourage students to become life-long learners by providing the opportunity to seek information on issues in consumer behavior and evaluate this information objectively and accurately. 4) To explore the diversity of consumers and their needs in the United States as well as globally. Grading Requirements and Procedures: The breakdown is as follows: Male Skin Care Case Cases (total of 3 at 100 each) Case Leadership Assignments Final Case Participation/Current Events 75 points 300 points 75 points 200 points 150 points 200 points Total Points 1000 points Cases: Since this is an MBA class, I am a firm believer in combining cases with lecture. I also believe team work is vital in business. As a result, each student will be a member of a two person team. Each team is responsible for submitting three cases for the session valued at 100 points per case. The general format for the cases is: 1) Executive Summary – overview of case 2) Analysis of problem 3) Options/Recommendations 4) Conclusions 5) Charts, tables and graphs are welcome as addendum It is expected that all cases be typed, double-spaced with 12-point font. Each case should not exceed 7 pages (excluding exhibits). Five pages can more than cover the case. I will provide direction for each case. Remember a case is not a repeat of what is written but an analysis of the problem and your suggestions. DEFEND YOUR DECISION. Although not submitting a case every week, you are responsible for reading and discussion of the case for class. When not submitting a case, a one page write up regarding your thoughts on the case is required (Part of assignments grade) Assignments: Throughout the course of the semester, the instructor may post additional assignments on blackboard as well as those on the syllabus. All assignments should be typed and turned in when due. Readings Throughout the course of the semester, current articles are assigned for reading. All students are responsible for reading the article. Late Papers No late papers will be accepted without prior consent of the instructor. Class Attendance/Participation/Current Events: There is a great deal of material to cover in a relatively short period of time. In addition, your participation can either make or break the class. We are here to learn from each other in a reciprocal fashion. Therefore, class attendance is extremely important. If you do find it necessary to miss a class, you are responsible for getting any notes and or handouts from that day and YOU MUST E-MAIL ME at the above address before class begins. Every class will open with current events. Please bring to class any articles, advertisements, ideas, etc that you encountered during the week that applies to promotion strategy. Final Case The final case will be assigned on November 25, 2008. Honor Code: Loyola Marymount University is a community dedicated to academic excellence, studentcentered education, and the Jesuit and Marymount traditions. As such, the University expects all members of its community to act with honesty and integrity at all times, especially in their academic work. Academic honesty respects the intellectual and creative work of others, flows from dedication to and pride in performing one’s own best work, and is essential if true learning is to take place. Examples of academic dishonesty include, but are not limited to, the following: all acts of cheating on assignments or examinations, or facilitating other students’ cheating; plagiarism; fabrication of data, including the use of false citations; improper use of non-print media; unauthorized access to computer accounts or files or other privileged information; and improper use of internet sites and resources. Academic Integrity: Learning is both an individual and a cooperative undertaking. Asking for and giving help freely in all appropriate setting helps you to learn. You should represent only your own work as your own. Personal integrity is the basis for intellectual and academic integrity. Academic integrity is the basis for academic freedom and the University's position of influence and trust in our society. University and school rules and standards define and prohibit "academic misconduct" by all members of the academic community including students. You are asked and expected to be familiar with these standards and to abide by them. A link to LMU’s Policy on Academic Dishonesty can be found at the following link: http://www.lmu.edu/PageFactory.aspx?PageID=13245 Tentative MBAC 613 Schedule– Fall 2008 Date 8/26 Topics Course Introduction Introduction of class members 9/2 Consumers Rule Solomon Chapter 1 Perception Solomon Chapter 2 Discussion: Subway Advertising Page 84 9/9 Learning and Memory Solomon Chapter 3 Motivation and Values Solomon Chapter 4 Case Study For Class (Hershey’s) Page 122 SUBMIT: Page 122 #1,2 and 3 9/16 The Self Solomon Chapter 5 Rediscovering Market Segmentation By Yankelovich and Meer Harvard Business Review (February 2006) on BB Tap Consumers’ Desire For “Shoulds” By Katherine L. Milkman When Virtue is a Vice By Anat Kienan and Ran Kivetz Harvard Business Review (July 2008) on BB SUBMIT: One Page Thought Piece on all three articles 9/23 Personality and Lifestyle Solomon Chapter 6 Discussion: The Magic of IPOD Page 251 SUBMIT: MALE SKIN CARE on BB Greydollarfella (can use with case) By Ogden-Barnes and Minahan Business Horizons (July 15, 2006) on BB 9/30 Attitudes Solomon Chapter 7 Attitude Change and Interactive Communications Solomon Chapter 8 Discussion: David Beckham Professional Endorser Page 316 10/7 SUBMIT: PSI INDIA CASE Product Number: 507032 Discussion: The New Indian Consumer By Gopal and Srinivasan Harvard Business Review (October 2006) on BB Discussion: How Social Cause Marketing Affects Consumer Perceptions By Bloom et al MIT Sloan Management Review (Winter 2006) on BB Individual Decision Making Solomon Chapter 9 10/14 Buying and Disposing Solomon Chapter 10 SUBMIT: THE FASHION CHANNEL: SEGMENTATION Product Number: 2075 Discussion: Freecycle.org Page 397 Discussion: De-marketing Obesity By Wansink and Huckabee California Management Review (August 1, 2005) on BB 10/21 Group Influence and Opinion Leadership Solomon Chapter 11 Organizational and Household Decision Making Solomon Chapter 12 SUBMIT: TIVO CASE Product Number: 502062 Discussion: The Customer Has Escaped By Nunes and Cespedes Harvard Business Review (November 2003) on BB 10/28 Income and Social Class Solomon Chapter 13 SUBMIT: TOYOTA HYBRID CASE Product Number: 904A03 Discussion: Pricing and the Psychology of Consumption By Gourville and Soman Harvard Business Review (September 2002) on BB 11/4 SUBMIT: SAXONVILLE SAUSAGE Product Number: 2085 SUBMIT: KRAFT COFFEE POD LAUNCH Product Number: 906A19 11/11 Ethnic, Racial and Religious Subcultures Solomon Chapter 14 Age Subcultures Solomon Chapter 15 FILM JESUS CAMP SUBMIT: FILM PROJECT Discussion: Scion Page 571-572 11/18 GROUP WORK DAY 11/25 Cultural Influences on Consumer Behavior Solomon Chapter 16 Discussion: Camera Phones Page 603 SUBMIT: MAYBELLINE CASE Product Number: KEL112 12/2 Global Consumer Culture Solomon Chapter 17 SUBMIT: HARLEY DAVIDSON CASE Product Number: 501015 Discussion: Starbucks Page 651 Discussion: Inside the mind of the Chinese Consumer By McEwen et al Harvard Business Review (March 2006) on BB 12/9 FINAL CASE SUBMISSION AND PRESENTATION ****SCHEDULE SUBJECT TO CHANGE OR MODIFICATIONS****