Zicklin School of Business Baruch College Department of Marketing MKT 9766: International Marketing Management Spring Semester 2008 Course: MKT 9767 Code: Section: Bldg: Room: time 1921 TR6A VC 12-224 Tues-Thurs Instructor: Edward Goldberg (“Prof. Goldberg” or just “Eddie is fine) www.annisagroup.com Ref: edg@annisagroup.com E-mail: 914 441 3180 (cell) Phones: 914 739-2221 Fax: Conferences-before or after class or by 6:00-7:15 appointment PM E-mail is the preferred medium of correspondence and is checked regularly. Please check your Baruch email and Blackboard before each class for any late postings. COURSE OVERVIEW This is an advanced course for students concentrating in international business or international marketing, which will examine the processes and the means by which companies can successfully extend their marketing operations internationally and eventually globally. It aims to provide future managers with the frameworks, knowledge, and sensitivities to better formulate and effectively implement marketing plans in various countries and regions of the world. Specifically, this course will cover the added dimensions introduced into the marketing mix for companies operating beyond their national boundaries. This will include issues of extension versus adaptation of product lines, global versus local advertising, international pricing strategies, selecting and managing distribution channels in different regions of the world, and managing international brands and products. At the end of this course, you should be able to: 1. Assess the potential for marketing products and services to other countries or regions in light of differences in their economic, social, cultural, and political environments. 2. Understand the considerations involved in developing a marketing strategy following global vs. local market segmentation, targeting, and positioning. 3. Develop global and local product, pricing, promotion, and distribution policies to take advantage of similarities and differences across markets. 4. Design and implement a market entry strategy and make intelligent decisions regarding the organization of global marketing efforts. 5. Understand the mindset, skills, and experience necessary to become a global marketing manager. REQUIRED TEXTS 1. “Global Marketing,” 4th Edition, Warren J. Keegan and Mark C. Green, Upper Saddle River, NJ: Prentice Hall, ISBN: 0-13-146919-3. 2. MKT 9766 Case Packet, Prentice-Hall. 3. Additional readings from other sources, such as The New York Times, Harvard Business Review, The Economist, or The Wall Street Journal. Assigned newspaper articles can be printed out through the library website. I will show you how this is done at the beginning of the semester. Extra Credit Readings “Origins of Wealth- Evolution, complexity and radical remaking of economics” by Eric D. Beinhocker, Harvard Business School Press 2006 or “Blue Ocean Straqtegy: How to Create Uncontested Market Space and Make Competition Irrelevant” by W. Chan Kim and Renee Mauborgne- Harvard Busineess School Press Feb 2005 ASSIGNMENTS AND GRADING There will be two exams and two case studies. Each exam will consist of 20 multiple choice questions worth 2 point each and five short-answer essay questions worth 12 point each. You can choose which two of the five case studies we discuss in class to write up. Note that even though you will only write up two cases, you need to be able to discuss in class all five. SUMMARIES: Write a three-page minimum double spaced summary of what you learned during the preceding month of classes. Include your reflections on readings and/or discussions. Submit a hard copy. 5 points will be deducted if handed in past the deadline or if less than 3 full pages of text. Full credit otherwise. ATTENDANCE: Baruch is the most ethnically diverse college in the world. Since this course focuses on international markets, sharing your diverse views is critical for this class’s success. Absences, late arrivals or early departures will be reflected in Class Participation. Every student is permitted only two absences. 5 Points will be deducted for each additional absence. If you miss more than 3 classes “including” the allowed absences please speak with me immediately. Students are expected to attend class regularly and participate in class discussions. Please turn off cell phones before class and keep them turned off for the duration of the class. Coffee, drinks, snacks etc are allowed. Readings: Assigned book chapters, articles, and cases should be read before class. Case Studies: The case study write-ups will be done in groups of five students each. Case write-ups are due on the day they are discussed in class. The specific due date for each case is listed on the course outline. Use APA or MLA formatting. Papers are to have 10 pages minimum of main subject text, double-spaced, 12 Font, excluding the title page, References, Appendices, etc. Hard copies of your Case Analysis to be handed in by the deadline. Papers forwarded to the instructor after the deadline will lose 8 points. Papers less than 10 full pages will lose 5 points. Papers that do not follow this exact format will lose 5 points. All other papers will receive full credit. Use the following case analysis format EXACTLY as follows: I. Executive Summary One or two brief paragraphs just to briefly introduce the analysis topic. II. Key Problems and/or Issues List from the Case some significant problems and/or issues related to the course topics and readings. Simply list these here without much elaboration (leave that to part III below). III. Analysis and Evaluation Evaluate the problems/issues and support this evaluation with some facts. If you add exhibits or documentation, reference and discuss them – do not just tack them onto the paper. Relate your analysis to the text material and other references, and cite all references. Supplement with online sources and/or current magazines or newspapers. This section should form the bulk of the paper. IV. Recommendations & Plan of Action Do not attempt to find the perfect solution. Just try to find a workable solution. Choose a few alternative recommendations and then pick a strategic plan of action after weighing some pros and cons of each. Try to be specific and not too general with your recommendations. Once you have decided on a plan of action, specifically state what should be done, who should do it, and when it should be done, etc. V. References MUST use APA or MLA format! (See “Academic Honesty & Referencing” below) VI. Appendices (If applicable) There is a strict upper limit of ten double-spaced pages of text (with an additional three pages of exhibits). Please use standard margins (at least 1") and conventional font size (12 point). If light cannot escape the gravitational pull of your spreadsheets, then you have made them too dense. Some general guidelines for preparing an effective write-up are: 1. Provide a coherent, well-organized analysis. 2. Be concise. Do not spend time rehashing or paraphrasing the details of the case. 3. Focus your specific recommendations on the important issues in the case. 4. Tie your exhibits to the text of the report. Grades: Your final grade will be based on the following: Exams – 1/3 Case Studies – 1/3 Participation: - 1/3 Please note that participation does not mean class attendance. If you never participate in class discussions or answer questions during the lecture, you will receive 0 points for participation – even with a perfect attendance record. The total number of points you receive during the course determines your final grade. Grades will be assigned as follows, in accordance with College policy: Grade Points Equivalent A AB+ B BC+ C CD+ D F 93.0 – 100.0 90.0 – 92.9 87.1 – 89.9 83.0 – 87.0 80.0 – 82.9 77.1 – 79.9 73.0 – 77.0 70.0 – 72.9 67.1 – 69.9 60.0 – 67.0 below 60 Academic Dishonesty: Academic dishonesty is unacceptable and will not be tolerated. Cheating, forgery, plagiarism and collusion in dishonest acts undermine the college's educational mission and the students' personal and intellectual growth. Baruch students are expected to bear individual responsibility for their work and to uphold the ideal of academic integrity. Any student who attempts to compromise or devalue the academic process will be sanctioned. See http://www.baruch.cuny.edu/academic/academic_honesty.html if you are unsure what actions constitute academic dishonesty, and how such actions may be punished. Cheating is the attempted or unauthorized use of materials, information, notes, study aids, devices or communication during an academic exercise. Examples include but are not limited to: • Copying from another student during an examination or allowing another to copy your work • Unauthorized collaborating on a take home assignment or examination • Using unauthorized notes or electronic devices during a closed book examination • Taking an examination for another student • Asking or allowing another student to take an examination for you • Changing a corrected exam and returning it for more credit • Submitting substantial portions of the same paper to two classes without consulting the second instructor • Preparing answers or writing notes in a blue book (exam booklet) before an examination • Allowing others to research and write assigned papers including the use of commercial term paper services Plagiarism is the act of presenting another person's ideas, research or writing as your own: • Copying another person's actual words without the use of quotation marks and footnotes (a functional limit is four or more words taken from the work of another) • Presenting another person's ideas in your own words without acknowledging them. • Using information that is not considered common knowledge without citing the source. My policy is to give a failing grade to any assignment that has been plagiarized or an exam in which you have cheated. In addition, I am required by College policy to submit a report of suspected academic dishonesty to the Dean of Students office. This report becomes part of your permanent file. COURSE OUTLINE # Date Topic Chapter 1 Tues. 1/29 Course Introduction 2 Thurs. 1/31 Economic Environment 3 Tues. 2/5 Social/Cultural Environment 4 4 Thurs. 2/7 Political/Legal Environment 5 5 Thurs. 2/14 Discussion: Vietnam Entry Decision Case 6 Tues. 2/19 Review Other 1 2&3 Group Names & Members Due Global governance, national strategies: how industrialized states make room to move under the WTO. By: Weiss, Linda. Review of International Political Economy, Dec2005, Vol. 12 Issue 5, p723-749, 27p, Vietnam Entry Decision Case Writeup Due 1-5 7 Thurs. 2/21 Global Marketing Research 6 8 Tues. 2/26 Segmentation, Targeting & Positioning 7 9 Thurs. 2/28 Exporting, Importing 8 Agarwal, Manoj K. “Developing Global Segments and Forecasting Market Shares: A Simultaneous Approach Using Survey Data.” Journal of International Marketing 11, no. 4 (2003), 56-80. “Frito-Lay Adds Spanish Accent to Snacks,” WSJ, 5/22/02 WHO BEARS THE BURDEN OF U.S. NONTARIFF MEASURES? By: Clark, Don P.; Bruce, Donald. Contemporary Economic Policy, Apr2006, Vol. 24 Issue 2, p274-286, 13p; DOI: 10.1093/cep/byj001 10 Tues. 3/4 Exporting, Importing 8 11 Thurs. 3/6 Discussion: Bajaj Auto Ltd. Case 12 Tues. 3/11 Global Market Entry Strategies 9 13 Thurs 3/13 Discussion: Laura Ashley Case 9 14 Tues. 3/18 Strategic Elements of Competitive Advantage 15 15 Thurs. 3/20 Mid Term Exam I 6-9 15 16 Tues. 3/25 Product & Brand Decisions 10 17 Thurs. 3/27 Product & Brand Decisions 10 18 Tues. 4/1. Discussion: Henkel KGaA Case 19 Thurs. 4/3 Global Distribution 12 20 Tues. 4/8 Global Distribution 12 21 Thurs. 4/10 Pricing Decisions 11 22 Tues. 4/15. Pricing Decisions 11 US and Them- The enduring power of Ethnic Nationalism by Jerry Z Muller,Foreign Affairs- March/April 2008 Bajaj Auto Ltd. Case Write-up Due “GM takes a Leap of Faith into the Russian Car Market,” NYT, 9/21/02 Laura Ashley Case Write-up Due “A Low-Budget Cola Shakes Up Markets South of the Border,” WSJ, 10/27/03 Henkel KGaA Case Write-up Due Barriers to ‘US style’ lean retailing: the case of Wal-Mart’s failure in Germany-by Susan Christopherson Journal of Economic Geography 7 (2007) Published on 14 May 2007 “Falling Apart at the Seams,” Financial Times, 4/6/01 23 Thurs. 4/17 Discussion: DHL Worldwide Case 24 Tues. 4/29 Global Marketing Communications I 13 25 Thurs. 5/1 Global Marketing Communications II 14 26 Tues. 5/6 Leading, Organizing & Controlling 16 27 Thurs. 5/8 Digital Revolution & Electronic Marketplace Review for Exam III 17 28 Tues. 5/13 Review Thus 5/15 Final Exam 10-14 16-17 DHL Worldwide Case Write-up Due “Volkswagen revamps Beetle Campaign,” NYT, 4/9/01 INSTRUCTOR’S BACKGROUND Edward Goldberg is President of Annisa Group a consulting company which specializes in creative trade and debt financing for mid size American, Russian and Eastern European companies .He is a recognized expert on international trade and trade finance. He has represented the US State Department at the Conference on International Relations and Problems of Globalization in St. Petersburg, Russia where he delivered the opening address. He was a member of Senator Kerry’s Russia and CIS policy team for the 2004 United States Presidential Election. He has written extensively on such subjects as US-European and US-Russian relations, Globalization, the U.S. Dollar policy and America’s tax and investment policy. His essays have appeared in the Chicago Tribune, The Baltimore Sun, American Foreign Policy Interests, and Trade and Investment Magazine. His essays on US-Russian relations and American Foreign Policy have also appeared several times as the cover article in the Globalist. Under the auspices of the Kennan Institute in Washington and the Harriman Institute of Columbia University in New York, Mr. Goldberg chaired and spoke on a series on US-Russian and Soviet Relations. He frequently speaks on US-Russian/CIS economic and political relations. He has been interviewed on this subject by CNBC Television, Public Radio, CBS radio, and the Associated Press Radio as well as Russian State Television. He has lectured at the European Union Studies Center, The Graduate Center, The City University of New York on US-Russian relationships and on International business and Trade at the Lubin Graduate School of Business, Pace University. Mr. Goldberg has also testified before the United States Senate on International Trade matters.