UCLA Anderson School of Management – Executive MBA Program
Mgmt.
478, Sect.
9, Global Marketing
Professor Alexandre
Course Overview:
This course is intended to provide Executive MBA students with the ability to think globally while analyzing the impact from cultural issues into international marketing decisions and strategies.
Students will examine the challenges of entering and/or operation in a foreign market.
They will be guided through considerations for decisions regarding international marketing opportunities, development of international marketing tactics, adaptation of products and services, distribution channels, communications, setting marketing goals, and understanding the international competitive landscape.
Students will be expected to demonstrate a critical thinking regarding relationships between culture and business and how they shape marketing decisions.
Course Objectives:
The objective of this course is to provide an understanding of international marketing, as well as its dynamics.
To this end, the course will train you to:
1)
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Understand global markets,
Evaluate opportunities,
Observe economic, political and social changes,
Connect environmental changes to markets changes,
Understand differences in marketing in all cultures, and
Understand the strategic complexities of marketing in different country markets.
Course Dates:
August 17 ‐ 21, 2015 2:00pm – 5:30pm
Assignments:
Students are expected to complete a pre ‐ course assignment, and industry assignment during the period of the course and a final group term project due one week after the last session of the course.
Pre ‐ Class Assignment – individual assignment that will prepare the students to investigate in depth the attractiveness of a particular environment for international business.
This assignment is due at the beginning of the first class.
Students will chose a country from a specific list to be provided.
They will study the culture and different environmental conditions of that country, and report on aspects that must be considered for an international marketing strategy in that country.
Industry assignment – individual assignment that allows the students to practice some of what we discuss in class in a particular industry, and in a particular international market.
Due on
Thursday, August 20 th
.
Final project – Group project that uses the first two assignments as a base for the group to make strategic decisions about a possible entry in an international market.
Grading:
Class participation – 20%
Individual pre ‐ course assignment – 20%
Individual industry assignment – 20%
Term group project – 40%
Course Schedule:
Monday, August 17 th
– International Marketing Elements
1.
We will discuss the complexities that an international environment brings to traditional marketing strategy elements.
Starting from marketing external and internal variables, we will look into how these variables change in their roles and importance in an international marketing context.
Review of basic marketing variables and environmental conditions
Discussion of international environmental conditions
Understand culture, the many ways that it impact business, and how to leverage cultural differences
2.
Discuss of pre ‐ class assignment
3.
Assign groups for final term project
4.
Discuss and select industries for final term project
5.
Q&A about individual assignment
6.
Discuss extra credit opportunities
Tuesday,
Research
August 18 th
– Developing an International marketing Strategy; Multicultural
1.
Review of International Marketing Elements
2.
In this session, we will focus on assessing international market opportunities.
We will also study the depths and challenges of international marketing planning.
Planning international entry
Organizing for global competition
Breath and scope of international marketing research
Data collection in an multicultural research
Data variations
3.
Q&A about individual assignment
Wednesday, August 19 th
– Products and Services
1.
Review of International marketing strategy and multicultural research
2.
We will learn how to analyze product and service components for adaptation.
We will discuss quality and global standards.
We will investigate international issues affecting brands.
Quality and satisfaction
Product adaptation
Service adaptation
How products and services are impacted by culture
3.
Q&A about individual assignment
Thursday, August 20 th
– Integrated Marketing communications
1.
Review of products and services in international marketing
2.
Understand the very delicate task of communication in an international marketing context.
We will see some examples of variations of messages based on cultural differences.
We will discuss some international communications challenges and the difficult task of avoiding unintended messages across cultures.
Message and culture
Creative scope
Linguistic issues
Legal constraints
3.
Hand in individual industry assignment
4.
Discuss final term project
Friday, August 21 st
– International Channels and Pricing; Negotiations
1.
Review of integrated marketing communications
2.
In this lest session we will discuss pricing and distribution characteristics that deserve special attention in an international marketing strategy on the first half and discuss cultural implications on negotiations on the second half.
Channel of distribution structures and variations
Alternative middleman choices
Factors affecting choice of channels
Costs of importing/exporting
Exchange rate fluctuations
Inflation/deflation
Grey markets
Countertrade
Negotiation behavior across cultures
Cross ‐ cultural competence
Language
Non ‐ verbal behavior
Negotiation teams
Differences in values
3.
Q&A on the final term project