KARDAN Institute of Higher Education MARKETING MANAGEMENT COURSE OUTLINE Instructors: Sajjad Ahmad Afridi/ Office Hours: By Appointment E-mail: mrafridi_pct@yahoo.com 1. Text Books: Marketing Management (Eleventh ed.) by Philip Kotler. 2. Reference Book: Marketing Management A South Asian Perspective (13th Edition), by Philip Kotler, Kevin Lane Keller, Abraham Koshy, and Mithileshwar Jha. 3. Course Objectives: In today’s fast-paced world, marketing has become more complex. Changes in technology and consumer and business needs, as well as, increased globalization pose new challenges for marketers. These events have made marketers more aware of the necessity for careful but speedy analysis and decision-making. The implication is that marketing management as a field of study has become more important. Marketing management is the art of optimal manipulation of the marketing mix to achieve business goals. It encompasses activities such as demand creation and stimulation, positioning, product differentiation, product and brand management among others. All these activities involve planning, analysis, and decision-making. To meet these goals, this course will require the integration of theory and practice. Students will have to make strategic marketing decisions based on analytical techniques they will learn in this course. They will have to devise a plan that is based on a sound conceptual framework, to implement the decision. It is hoped that through this exercise students will learn the value of marketing management in business. 4. Topics/Chapters: The following chapters would be covered: Chapter 1: Developing Marketing Strategies and Plans Marketing and Customer Value The Value Delivery Process The Value Chain Core Competencies Marketing Plan Situation Analysis Opportunities and Critical Issues Marketing Management Page 1 of 4 KARDAN Institute of Higher Education Objectives Target market/Positioning Marketing Program Performance Analysis Review and Implementation Evaluation and Control Contingency Plan Chapter 2: Dealing with Competition Competitive Forces Industry Competition Threats of New Entrants Threats of Substitutes Products Buyers growing Bargaining Power Suppliers Growing Bargaining Power Analysis of Competitors Strategies of Competitors Strength and Weaknesses of Competitors Close versus Distant Competitors Strong versus Weak Competitors Good versus Bad Competitors Competitors Strategies Over all Price (Cost) Leadership Differentiation Strategy Price (Cost) Focus Differentiation Focus Competitive strategies for Market Leaders Competitive strategies for Market Challenger Competitive Strategies for Market Follower Chapter 3: Positioning and Differentiating the market offering through Product life Cycle Developing and Communicating a Positioning Strategy Positioning according to Competitors Positioning According to Unique Benefits Positioning According to Affiliating with others Differentiation Differentiation Tools Product Differentiation Services Differentiation Personnel Differentiation Channel Differentiation Image Differentiation Product Life-Cycle Marketing Strategies Product Life Cycle Marketing Strategies: Introduction Stage Marketing Management Page 2 of 4 KARDAN Institute of Higher Education Marketing Strategies: Growth Stage Marketing Strategies: Maturity Stage Marketing Strategies: Decline Stage Chapter 4: Designing Global Market Offerings Competing on Global Basis Deciding Whether to Go Abroad Deciding Which Market to Enter How many Markets to Enter Regional Free Trade Zone Evaluating Potential Markets Deciding how to enter the Market Indirect and direct Export Licensing Joint Ventures Direct Investment Deciding on the Marketing Program Product, Price, Place and Promotion Chapter 5: Designing and managing value networks and Marketing Channels Marketing Channels and Value Networks The importance of Channels The Role of Marketing Channels Channel Functions and Flows Channel Levels Channel Design Decisions Analyzing Consumers Desired Service Output Levels Establishing Objectives and Constraints Identifying and Evaluating Major Channel Alternatives Channel Management Decisions Selecting channel Members Training and Motivating Channel Members Evaluating Channel Members Modifying Channel Design and Arrangements Chapter 6: Designing and Managing Services The Nature of Services Service Industries are Everywhere Categories of Service Mix Distinctive Characteristics of Services Managing Service Quality Customer Expectation (Gap Model) Best practice of Service-Quality Management Managing Service Brands Differentiating Services Developing Brand Strategies for Services Managing Product-Support Services Marketing Management Page 3 of 4 KARDAN Institute of Higher Education Identifying and satisfying Customer Needs Post-Sale Service Strategy Chapter 7: Managing the Total Marketing Efforts Trends in Company Organization Marketing Organization The Evolution of the Marketing Department Organizing the Marketing Department Marketing Relation with Other Departments Marketing Implementation Evaluation and Control Annual Plan Control Profitability Control Efficiency Control Strategic Control 5. Teaching and Learning Methodology: Besides covering the text book extensive discussions would be carried out with reference to Afghanistan cultural and market background to enable the students to comprehend the core marketing concepts and develop a marketing mindset. This will be ensured through class participation, assignments, quizzes, presentations and written examinations. 6. Grading Policy/Student Assessment: Weight age Quizzes Class Participation Assignments Midterm Exam Terminal Exam Total 10% 5% 10% 25% 50% 100% 7. Expected Class Conduct: 100% attention, critical & analytical thinking, and hard work are expected from all course participants throughout the course. All classes will be conducted using PowerPoint slides. In fairness to students who complete assignments on time, late assignments will not be accepted. You must turn in assignments at the beginning of the lecture on the due day. In rare cases late assignments would be accepted with marks deduction. Minimizing disruptions: All cell phones & Laptops should be turned off during class. You should avoid engaging in side conversations after class has begun. Being prepared for class: You should be ready to discuss any assigned readings and to answer any assigned questions for each day's class, including being ready to open a case assigned for that day. Respect: You should act respectfully toward all class participants. Marketing Management Page 4 of 4