University of Wisconsin-Whitewater Curriculum Proposal Form #3 New Course Effective Term: 2137 (Fall 2013) Subject Area - Course Number: 747 Cross-listing: (See Note #1 below) Course Title: (Limited to 65 characters) Marketing Strategy 25-Character Abbreviation: Marketing Strategy Sponsor(s): Marilyn Lavin, Jimmy Peltier Department(s): Marketing College(s): Business and Economics Consultation took place: NA Programs Affected: Yes (list departments and attach consultation sheet) Departments: MBA Is paperwork complete for those programs? (Use "Form 2" for Catalog & Academic Report updates) NA Yes Prerequisites: will be at future meeting Markting 716 or equivalent Grade Basis: Conventional Letter S/NC or Pass/Fail Course will be offered: Part of Load On Campus Above Load Off Campus - Location online, American Family College: Business and Economics Instructor: Varied Dept/Area(s): Marketing Note: If the course is dual-listed, instructor must be a member of Grad Faculty. Check if the Course is to Meet Any of the Following: Technological Literacy Requirement Diversity Writing Requirement General Education Option: Select one: Note: For the Gen Ed option, the proposal should address how this course relates to specific core courses, meets the goals of General Education in providing breadth, and incorporates scholarship in the appropriate field relating to women and gender. Credit/Contact Hours: (per semester) Total lab hours: Number of credits: 2 Total contact hours: Total lecture hours: 32 Can course be taken more than once for credit? (Repeatability) No Revised 10/02 Yes If "Yes", answer the following questions: 1 of 5 32 No of times in major: No of times in degree: Revised 10/02 No of credits in major: No of credits in degree: 2 of 5 Proposal Information: (Procedures for form #3) Course justification: The course will become part of the core requirements as proposed in the revisions to the current MBA program. During the MBA revision process it was noted that virtually all peer schools had a required marketing strategy course in the MBA curriculum. The COBE Dean’s advisory committee also strongly supported the inclusion of a required marketing strategy course in the MBA program. Relationship to program assessment objectives: Marketing strategy is a required course in virtually all peer MBA programs. This course will thus fill the knowledge gap that currently exists in the MBA curriculum. It will also become a part of the ongoing assessment process advocated by AACSB. Budgetary impact: none. Faculty are currently in place to teach the course. Moreover, the new MBA program will move FTE from current marketing courses to the thus course. Course description: (50 word limit) Marketing Strategy reviews topics related to marketers’ strategic efforts. It focuses on the Marketing Plan and offers students the opportunity to run a simulation, which will allow them to make specific choices related to Product, Promotion, Pricing and Distribution issues and gain feedback about the validity of their decisions. If dual listed, list graduate level requirements for the following: NOT DUAL LISTED 1. Content (e.g., What are additional presentation/project requirements?) 2. Intensity (e.g., How are the processes and standards of evaluation different for graduates and undergraduates? ) 3. Self-Directed (e.g., How are research expectations differ for graduates and undergraduates?) Course objectives and tentative course syllabus: Bibliography: (Key or essential references only. Normally the bibliography should be no more than one or two pages in length.) Journals California Business Review European Journal of Marketing Harvard Business Review Industrial Marketing Management International Journal of Marketing & Management Research Journal of Business-to-Business Marketing Journal of Marketing and Management Journal of Macromarketing Journal of Marketing Journal of Marketing and Public Policy Journal of Strategic Marketing Journal of Services Marketing Revised 10/02 3 of 5 Example 2013 Textbooks 1. J. Paul Peter, Marketing Management,11th Edition, 2013, McGraw Hill. 2. Kevin Lane Keller, Best Practice Cases in Branding, Strategic Brand Management, 4th Edition, 2013, Prentice Hall. 3. Kevin Lane Keller, Strategic Brand Management, 4th Edition, 2103. 4. Roger Best, Market-Based Management, 6th Edition, 2103, Prentice Hall. 5. Roger Kerin and Robert Peterson, Strategic Marketing Problems, 13th Edition, Prentice Hall. Course Objectives and tentative course syllabus with mandatory information (paste syllabus below): Objective 1: To acquaint students with the basic components of the Marketing Plan. Objective 2: To develop decision-making skills required to develop a Marketing Plan. Objective 3: To give students the opportunity to see the interdependence of decisions related to the Product, Price, Promotion and Distribution Components of the Marketing Mix. Objective 4: To permit students to apply marketing theory in the realistic scenario posed by the simulation. The University of Wisconsin-Whitewater is dedicated to a safe, supportive and non-discriminatory learning environment. It is the responsibility of all undergraduate and graduate students to familiarize themselves with University policies regarding Special Accommodations, Academic Misconduct, Religious Beliefs Accommodation, Discrimination and Absence for University Sponsored Events (for details please refer to the Schedule of Classes; the “Rights and Responsibilities” section of the Undergraduate Catalog; the Academic Requirements and Policies and the Facilities and Services sections of the Graduate Catalog; and the “Student Academic Disciplinary Procedures (UWS Chapter 14); and the “Student Nonacademic Disciplinary Procedures" (UWS Chapter 17). Tentative Syllabus Text: Text will be selected based on when course is first offered. There are many excellent books to choose from (see above for a short list of 2013 textbooks). A 2013 or 2014 textbook will be selected. Date Week 1 Topics Intro to Course Strategy Planning Marketing Plan Executive Summary Applications Simulation Software Week 2 Situation Analysis Internal Environment Customer Environment External Environment Week 3 Goal Setting Target Market Identification Single Segment Targeting Selective Targeting Mass Market Targeting Product Strategy Branding Positioning Product Management Revised 10/02 4 of 5 Week 4 Pricing Strategy Skimming Prestige Value Competitive ROI, Contribution Margin, Break Even Distribution Strategy Channel Structure Channel Integration Collaborative Supply Chains Technology Disruptions Week 5 Mid-term IMC Strategy Advertising (off and online) Public Relations Personal Selling Social Media Week 6 Marketing Plan Due Customer Relationship Management Begin Simulation Week 7 – 8 Simulation Review results, changes Justification for changes Final Exam Assessment Although faculty may vary slightly on percent allocation, two example assessment frameworks are offered. Exams Marketing Plan Simulation Discussion Revised 10/02 40% 20% 20% 20% 40% 25% 25% 10% 5 of 5