Marketing 3348 INTERNATIONAL MARKETING MANAGEMENT Charles A. Besio, Jr. Senior Lecturer Fall 2006 6:30 - 9:20 p.m. Thursday Maguire Building Room # 250 Course Materials Quelch, John A. and Bartlett, Christopher A.; Global Marketing Management: A Casebook; 5th Ed.; Thomson Southwestern Friedman, Thomas; The World is Flat: A Brief History of the Twenty First Century; 1st Ed; Farrar, Straus and Giroux “Country Manager” Case and Workbook, available at www.interpretive.com Course Purpose The purpose of this course is to give students a foundation in the concepts and practices associated with Global Marketing Management. On a more specific level, the coursework will develop skills necessary for marketing decision-making on a global scale as well as illustrate how various decision-making tools apply to actual business situations. The goal of this course is to develop a disciplined process for addressing global marketing issues and problems. Specific objectives of (1) training in marketing decision making and (2) interpersonal skills in the context of this course are outlined below. Training in Marketing -- develop the ability to analyze strategic and operational global marketing problems and opportunities and to develop feasible courses of action to solve problems and capitalize on opportunities. -- develop a foundation of decision making experience through participation in a strategic global marketing simulation Interpersonal Skills --work with others in a team setting to analyze global marketing opportunities and challenges and prepare wellarticulated courses of action. --participate in critical decision making tasks that impact the performance of the team’s company Course Format Lectures/Case Discussion This course will use a lecture-case discussion-student presentation format. Lectures and assigned readings will be used to familiarize students with global marketing management concepts, processes, and tools. Course Format (Cont’d.) Case Analysis 2 Participate as a member of a team in analyzing four cases regarding global marketing problems. The analysis will be formalized in a 5-page double-spaced typed review. Country Manager Simulation As the member of a team of students class members will participate in the management of a consumer product business in the toothpaste products segment. Over a 6 week period, each team will manipulate marketing variables in an effort to improve the profitability, market share and stock price of their business, while expanding into the Latin American markets. Review of “The World Is Flat” Prepare a written analysis of the “10 Forces That Flattened the World”. Specifically, each class member will prepare a 10-page, doubled spaced review of the “10 Forces” discussed in the book. Exams There will be one exam during the semester (October 12th). The exam will test your understanding of the basic terminology and tools in product management as well as your depth of understanding of important concepts discussed in class. In form the exams will consist of some multiple choice questions, short answers and essays. Participation Class participation counts 50 points towards your final grade. Your participation grade is impacted more by the quality of your participation than the quantity of your participation. In other words, the mere quantity of comments counts less than consistently thoughtful and informed comments. Regular attendance also impacts your participation grade; if you are not in class, you lose the opportunity to participate in the activities that day. This will be especially true of participation during the six weeks of the global marketing simulation. A class attendance sign-in sheet is circulated at the beginning of each class period. It is your responsibility to make certain you have signed the attendance sheet. It is important to be in class on time. Late arrivals are disruptive to your fellow students and professor. Additionally, walking in and out of class, once class has begun, is disruptive to everyone's learning environment. These kinds of repeated disruptions will count against your participation grade. Disability Accommodations Disability Accommodations: If you need academic accommodations for a disability, you must first contact Ms. Rebecca Marin, Coordinator, Services for Students with Disabilities (214-768-4563) to verify the disability and establish eligibility for accommodations. Then you should schedule an appointment with the professor to make appropriate arrangements. Course Grading (Professor Besio reserves the right to change this syllabus without notice.) 3 A student's grade will be determined on the basis of his/her performance on (1) one exam during the semester, (2) four case analyses, (3) the review of “The World is Flat”, (4) the simulation written report and (5)class participation. The weight assigned to each is as follows: Exam Case Analysis (4 cases, 30 points each) Written review of “The World is Flat” Simulation written report Class/Team Participation 130pts 120pts 50 pts 50 pts 50 pts. 400pts. Final letter grades will be determined by the following table: A AB+ B BC+ C C- 368-400 360-367 352-359 328-351 320-327 312-319 288-311 280-287 D+ D DF 272-279 248-271 240-247 Below 240 total points INCOMPLETES and NO CREDITS will not be given in this course. Professor Besio understands each student has a grade objective they would like to achieve. He will discuss these objectives and their performance any time during the semester up to and including the last day of class. After the last day of class he will not discuss grades except to inform students of any grades not completed by the last day of class. There will be no exceptions to this policy. Office Information Office: 3860 W. Northwest Highway, Suite # 104 Phone: (214)902-2233 E-mail: chipbesio@hotmail.com Hours: By Appointment SCHEDULE OF ASSIGNMENTS (Professor Besio reserves the right to change this syllabus without notice.) 4 Day/Date AUGUST TH 17 Topics Assigned Cases or Power Point Files Course Introduction Introduction to Global Marketing International Intro Trade Environment TH 24 Cultural Implications of Global Marketing Cultural Foundations Cultural Dynamics Culture & Business Systems TH 31 Political and Legal Environment Global Research Strategies Political Environment Legal Environment International Research Quelch/Bartlett page 19 “Global SEPTEMBER M 04 TH TH TH TH 07 14 21 28 Wine Wars” Due University Holiday – Labor Day Global Marketing Management Emerging Markets Global Market Regions Global Mktg Mgmt Emerging Markets Market Regions “Mary Kay Cosmetics: Asian Market Entry” Due Quelch/Bartlett page 104 Global Consumer and Business Products and Services Global Consumer Products Global Business Products “Harlequin Romances-Poland” Due Quelch/Bartlett page 335 Global Channels of Distribution Global Logistical Challenges Marketing Communications on a Global Scale Global Channels Global Logistics “MasterCard and the World Cup” Due Quelch/Bartlett page 438 Selling in the Global Arena Pricing Strategies in the Global Arena International Negotiating Strategies Global Selling Global Pricing Global Negotiations Global MarComm “The World is Flat” due Exam Review OCTOBER TH 05 Exam SCHEDULE OF ASSIGNMENTS Assigned (Professor Besio reserves the right to change this syllabus without notice.) 5 Day/Date OCTOBER TH 12 Topics Readings Simulation Period #1 Period One Decisions “Group Decision Making: Functional or Dysfunctional?” Handouts TH 19 Simulation Period #2 Period Two Decisions TH 26 Simulation Period #3 Period Three Decisions NOVEMBER TH 02 Handout for Country Manager Written Assignment Simulation Period #4 Period Four Decisions TH 09 Simulation Period #5 Period Five Decisions TH 16 Simulation Period #6 Period Six Decisions (Thanksgiving Holiday November 22 – 24,2006) TH 30 Final Presentation of Simulation results During the semester guest speakers may visit your class. Attendance at Guest Speaker presentations is mandatory and absence will affect your grade in class participation. (Professor Besio reserves the right to change this syllabus without notice.)