MAR 3023: Principles of Marketing University of Central Florida Summer B 2013 Instructor: Office: Telephone: Fax: E-mail: Dr. Massiah, Clinical Professor of Marketing BA II 308 Q (407) 823-6764 (407) 823-3891 First Choice: Through Webcourses (choose all instructors) Second Choice: CMassiah@bus.ucf.edu Webcourses: https://my.ucf.edu Class Time and Location: Tuesdays and Thursdays, 6:00-9:50 PM , BA1 Room 107 Office hours (inperson and online): Tuesdays and Thursdays, 4:30-6:00 PM or by Appointment Required Materials: Lecture Notes: A. Marketing, 4th edition by Grewal and Levy 1.Hardcover ISBN: 9780077801953 2.Looseleaf, ISBN: 9780077561109 B. Connect Software (available at bookstore) C. Wall Street Journal (www.wsj.com/summer or at bookstore) D. VIA Response Software (provided to class free) Posted on Webcourses Credit Hours: 4 cr. hrs. THIS SYLLABUS IS SUBJECT TO CHANGE. WELCOME TO PRINCIPLES MARKETING In this course, we will study the functions, institutions, and basic problems involved in marketing goods and services in our domestic economy and abroad. You will be introduced to the terminology of marketing, the foundations of marketing strategy, and the elements of a marketing plan. COURSE OBJECTIVES AND LEARNING GOALS COURSE OBJECTIVES: To gain a basic understanding of the functions of marketing. To develop a working vocabulary of marketing terminology and become familiar with marketing concepts. To understand the role of marketing in an organization and the development of marketing strategy in both domestic and global markets. To understand the application of marketing techniques to real world problems. LEARNING OUTOMES FOR THE IN-CLASS COMPONENT: The learning outcomes of this course are as follows: 1) Students will possess knowledge of marketing terminology, the foundations of marketing strategy & the elements of a marketing plan. 2) Students will make decisions based on ethical knowledge. 3) Students will solve marketing related problems, incl. but not limited to the application of pricing tactics, and calculating markups, markdowns & breakeven points. 4) Students will demonstrate an awareness of global & cultural differences in marketing practice. 5) Students will demonstrate critical thinking skills by analyzing marketing problems, applying proper logic, assessing the quality/validity of data, & formulating valid conclusions based on their analysis. After successful completion of the in-class component, students will be able to: 1. classify the internal and external factors that affect the marketing environment and assess their impact on competitive strategy; 2. identify the steps in the strategic planning process, recognize the types of competitive strategies, and indicate how products are positioned for competitive advantage; 3. understand how markets are segmented and how target markets are selected; 4. identify the steps in the marketing research process and recognize how various marketing research techniques can be used to answer marketing questions; 5. identify the steps in the buying decision making process and recognize how the process differs across buying situations; 2 6. identify the steps in the new product development process and apply product related strategies to make the product and branding decisions contained in a marketing plan; 7. identify the advantages and disadvantages of the types of distribution channels and apply related strategies to make the decisions contained in a marketing plan; 8. make the pricing calculations and apply related pricing strategies to make the pricing decisions contained in a marketing plan; 9. identify advantages and disadvantages of communications options and apply related strategies to make the communications decisions contained in a marketing plan. LEARNING OUTOMES FOR THE ONLINE COMPONENT: The objective of the online component for this course is to have students realize the real world applications of marketing concepts discussed in class by reading about and being quizzed on concepts as they apply to contemporary companies. After completing the online module, the student should be able to: 1. understand the practical applications of marketing concepts through readings from contemporary marketing practice 2. translate this practical knowledge into better marketing decision making. 3 CONTACTING Dr. Massiah (and the TAs for the course): Please send all correspondence regarding the class using Course Mail within Webcourses. See Course Mail instructions below. This enables us to respond promptly to your e-mails. Please use direct e-mail only when you are unable to access Webcourses. How to Email Dr. Massiah in Webcourses: 1. Login to My UCF using your PID and password. 2. Choose Online Course Tools at the top 3. Choose "To access your online courses please click: https://webcourses2c.instructure.com" 4. Login to Webcourses 2.0 using your PID and password. 5. Choose Inbox in the upper right-hand corner of the screen. 6. Choose the New Message icon (a pencil in a gray box) to open a new message. 7. Click on the To: Box and choose MAR 3023 8. Check the box next to "All Teachers" in the To Window. 9. Type your message in the Message window. 10. Check the box next to "This is a group conversation. Participants will see everyone's replies." 11. Choose Send. Please be sure to check your Course Mail every 48 hours at a minimum. All course related e-mail from the professor or the teaching assistant will be sent to you through Webcourses e-mail. Please be courteous and considerate in your e-mails. Remember the teaching assistants for this course are students as well. 4 COURSE POLICIES AND EXPECTATIONS Academic Honesty o o o o Honesty and integrity are critical attributes in both our professional and personal lives. As recent events in the corporate world have shown, unethical behaviors have high societal and individual costs. I expect you to maintain a very high standard of academic honesty. The University is committed to maintaining a fair academic environment for all students. As a part of that effort, a policy of academic honesty is strictly enforced. Any conduct compromising this policy will result in academic and/or disciplinary action. Any student who violates or assists in violating these standards will be pursued through the Office of the Dean of Business Administration and the Dean of Students. (Source: The Golden Rule Student Handbook). Penalties for academic dishonesty are at the discretion of the instructor. However, the minimum penalty for cheating/plagiarism will be the receipt of NO CREDIT for that quiz or exam. Other highly possible penalties include receiving NO CREDIT for the entire course and the pursuit of expulsion from the University. If you are uncertain as to what constitutes cheating and/or plagiarism see the UCF Golden Rule Student Handbook and the section in this syllabus entitled “Avoiding Plagiarism”. Examples of cheating and/or academic dishonesty in this class include talking about the exam on the discussion board, discussing quizzes or other assignments on the discussion board or via email, taking the quizzes at the same time in the same place with other students in this class. In-Class Behavior Most of you will be graduating soon and taking a job in a corporate setting. It may be helpful in preparing you for that experience to think of class as a business meeting. o You would avoid whispering and laughing with the person sitting next to you. You would listen attentively, probably take notes, and manage your face and posture to convey interest and competence. o You would turn off your cell phone, beeper or pager to avoid disturbing the meeting. o You would not read a newspaper or work on tasks unrelated to the meeting. o You would avoid interrupting people or being rude in any way. o You would wait until after the meeting to discuss special accommodations for your personal situation. Why? Because doing any of these things reflects badly on you. As a member of this class, you are invited to think, question, disagree, and offer alternatives. However, my expectation is that you will behave professionally. Failure to do so may result in disenrollment from the class. Students with Disabilities o The University of Central Florida is committed to providing reasonable accommodations for students with disabilities in order to allow for equal learning opportunities. If you need such accommodations, please contact the Office of Student Disability Services at (407) 823-2371. Also, if you are likely to have religious obligations that will conflict with the due dates for particular assignments, please contact me immediately. If you do not provide at least two weeks notice of such conflicts, I will not be able to accommodate them. 5 COURSE GRADING ASSIGNMENT POINTS POSSIBLE DATE Exam 1 110 June 29 - July 3, 2013 Exam 2 110 July 6-10, 2013 Exam 3 110 July 13-17, 2013 Exam 4 110 July 27-31, 2013 Exam 5 110 July 31-August 1, 2013 10 Chapter Quizzes 150 (15 points each) 10 Marketing connect Assignments 150 (15 points each) 10 WSJ Activities 100 (10 points each) 2 Syllabus Quizzes 20 (10 points each) Class Participation 30 (5 points per week) Total Points Possible 1000 ***** All grades (Quizzes, Assignments, Exams, and Extra Credit) are final within two weeks of them being posted. There will be no adjusting of any grades two weeks after the grade is posted.****** Final grades will be assigned strictly based on the following scale: GPA points and letter grade 4.00 A 3.75 A3.25 B+ 3.00 B 2.75 B2.25 C+ 2.00 C 1.75 C1.25 D+ 1.00 D 0.75 D0.00 F Point Range 950-1000 900-949.99 870-899.99 840-869.99 800-839.99 770-799.99 740-769.99 700-739.99 670-699.99 640-669.99 600-639.99 0-599.99 NO FINAL GRADE WILL BE ROUNDED UP Grades will be accessible by password on Webcourses only. For your security, grades will not be provided by phone or email. Grades are not negotiable. Students with extenuating circumstances which require them to receive a certain grade or maintain a particular GPA (e.g., graduation, loss of a scholarship, University probation or suspension, loss of a job offer, revocation of student Visa, etc.) need to realize that they are responsible for working hard to achieve the needed class grade. Exceptions will not be made for individual students. Grades can be changed only if I have made an input or calculation error. It is important that you check your class grades and immediately notify me of any discrepancies. 6 EXAMS worth 55% of your grade There will be five multiple-choice exams. Test questions will cover material from lectures, discussion, audio/visual material, and the textbook. The purpose of the exams is to test your knowledge to solve business problems. To the extent possible with a multiple-choice exam, questions will be applied in applications (rather than definitional). The exams will be constructed to reward those students who consistently attend class / view the videos, read the assigned textbook chapters and take full responsibility for their learning of the material. The exams are prepared such that a student can complete them during the normal class time of 75 minute and will have multiple choice format, true/false and/or matching questions. The best way to prepare for my exams is to attend every class and take good notes and read the assigned chapters in the textbook. Exams will be CLOSED book. No notes of any kind will be allowed and you will be expected to conform to UCF’s policies regarding academic honesty. A NOTE ABOUT EMERGENCIES AND EXAM DATES: o In order to be as fair as possible to everyone in the class, deadlines will be strictly enforced, regardless of personal emergencies, technical problems, etc. o You will have plenty of time to complete online quizzes, so please DO NOT wait until the last minute. If you wait until the deadline, issues such as illness or problems with the University server might make it impossible for you to complete the assignment. PLEASE READ THE FOLLOWING BEFORE YOU COME TO THE EXAMS. Students will take the exams in the TESTING LAB on the first floor of BAII (the new Business Administration building). Regional campus students will take the exams at their own campuses. 1. All exams will be taken in the computerized testing lab on the first floor in BA2 in room 104. 2. Students will be required to take the exams electronically in a testing lab. The benefits to using the lab is a standardized, controlled and comfortable environment where students don’t have to worry about others cheating. You will also get your grades back quicker. 3. Students will be given 75 minutes to complete each of the exams which will be taken outside of the class period. In order to make it more convenient for students to complete their exams, we have arranged a span of several days over which you may go to the testing lab to take the exam. These dates and times are listed on the schedule at the end of this syllabus. 4. Exam Times: Exams will be administered during the dates / times that an exam is scheduled on the syllabus. Also see the testing lab schedule at http://www.bus.ucf.edu/testingcenter/stats.aspx?page=1801 to confirm available dates and lab hours. Be advised that the testing lab will not remain open after closing hours for the amount of time remaining on your exam. For example, if a student starts an hour-long exam on Saturday evening at 8:00 PM, then he or she must leave at 8:30 PM, which is the scheduled lab closing time. Waiting until the last day to take your exam carries significant risks due to overcrowding, illness, traffic, accidents, etc. If you cannot 7 5. 6. 7. 8. secure a seat before the exam closes you will receive a zero for that exam. Please note the times of the exams in advance and do not schedule any events that would conflict with the scheduled exam dates. You will be required to present your UCF ID in order to take the exam. Failure to present a valid UCF ID will result in your being turned away. No unauthorized materials: No cell phones, PDAs, graphing calculators, backpacks, books, papers, or any other materials will be allowed in the Testing Lab. If you arrive for the exam with these things you will have to store them in the pay-for-use lockers located in room 105. No exceptions will be made to the above exam policies. Students who are interested in how they performed on an exam are welcome and encouraged to review their actual exam. To review an exam, you may stop by the GRA’s office during office hours. You may review an exam up to one week after grades for that exam have been posted. EXAM MAKEUPS This is a large class and it is very difficult to allow people to make up missed exams in a way that is fair to everyone. Therefore, the following procedure will be used: You can miss either Exam 1, 2, or 3. If so, you will be allowed to make up this ONE exam that you missed (and ONLY one missed exam!) during the makeup time during finals. You do not need an excuse to make up one exam and you do not need to tell me before hand that you are going to miss the exam. But be careful, do not waste your "free" excuse when you do not need it because you might have an emergency that prevents you from taking another exam and then you won't be able to make it up. You can only make up exams that you MISS. You will not be allowed to retake an exam. The make up exams will be administered in the same manner as the regular exams. There WILL be NO CURVE on the makeup exam. QUIZZES 1. SYLLABUS QUIZZES worth 2% of your grade In order to ensure that you are familiar with the course policies and requirements as stated in the syllabus, you must complete two online syllabus quizzes. The syllabus quizzes will contain several multiple choice questions. You have to read the course syllabus very carefully and make sure you are familiar with the various aspects of the syllabus. You will have two attempts to take the syllabus quizzes. 8 2. CHAPTER QUIZZES worth 15% of your grade Throughout the semester, 10 online quizzes covering textbook material will be available on Webcourses. Each quiz will cover material from specific chapters of the book. The schedule for these quizzes is provided in the tentative schedule in the syllabus. The pedagogical purpose of the quizzes is to ensure that you have read and understood the textbook chapters. Students will have 45 minutes to complete the quizzes once they begin. Students will have two attempts at each quiz. The high score of each set of attempts will be the score recorded. There will be no make-up for missed quizzes. I recommend that you take the quizzes soon after they become available so that you have enough time to seek computer help should you need it. Quizzes will not be reset for server problems. The earlier you attempt to take an online quiz, the more time you will have to keep trying if the server is down. Occasionally, Webcourses will record your score but it will not post it. If this happens to you, let us know no later than 1 week after you take the quiz. 3. Marketing Connect Assignments worth 15% of your grade Throughout the semester, 10 groups of Connect Assignments covering application material from popular press articles. The pedagogical purpose of the quizzes is to ensure that you have read and understood the real-world applications of marketing. Students will have unlimited time to complete each part of the assignment once they begin. You will have an opportunity to take each quiz two times– only the high grade for each quiz will be counted toward your point total. The schedule for these assignments is provided in the tentative schedule in the syllabus. STATUTE OF LIMITATIONS: Exam grades, quiz grades, extra credit and final grades are non-negotiable and final. Grades will only be changed if the grade results from a mathematical or record-keeping error. It is important that each student frequently checks their class grades and immediately notifies the instructor of any discrepancies that have been discovered. After the posting of grades, you will have ONE WEEK to notify the instructor about any grading issues or errors. After this time period, no corrections or recalculations will be made. 9 EXTRA POINTS OVER AND ABOVE THE 1000 POINTS THROUGH MARKETING RESEARCH SURVEYS OR EXPERIMENTS One of the important learning experiences of the Marketing 3023 course is participation in marketing research studies. Student participation in marketing research studies is a common practice at research-oriented universities. It benefits both students and faculty. Students learn more about the topic of the research, as well as the research process. Faculty are expected to generate new knowledge through research, and thus benefit from the information provided by the study. The UCF College of Business Administration has gained national acclaim for Undergraduate business education, most notably through our IM2020 curriculum. We are also increasingly becoming known for quality research. Any program or activity that improves the image and reputation of the College increases the value of a UCF business degree to our graduates. Your cooperation in projects such as this can ultimately help increase the value of a UCF degree on your resume. All research studies that involve student participants are carefully screened to ensure that they will not be physically or mentally harmful to students and that they will not cause confidential information to become public. You will have opportunities to participate in research studies over the course of our class. You will have the opportunity to earn additional points through the semester, over and above the 1000 you can earn through examinations. I may add more opportunities as the semester progresses. There are no make-ups for missed opportunities. Further details will be announced in class and through Webcourses e-mail. FINAL NOTE: Changes to the syllabus may be made to reflect the needs of the class. Any changes will be announced in class and/or via Webcourses. It is the students’ responsibility to stay aware of any changes made. 10 Date June 25 June 27 June 28 June 28 June 28 Jun 29-Jul 3 July 2 July 4 July 5 July 6-10 Day Tues Thurs Fri Fri Fri Sat-Wed Tues Thurs Fri Sat-Wed July 9 Tues July 11 Thurs July 12 Fri July 12 Fri Class Topic(s) Course Overview Syllabus Review Overview of Marketing Developing Marketing Strategies and a Marketing Plan Developing Marketing Strategies and a Marketing Plan (continued) Marketing Ethics Analyzing the Marketing Environment Syllabus Quiz 1 due at 11:55 PM Quiz 1 due at 11:55 PM Connect Assignment 1 due at 11:55 PM WSJ Assignment 1 due at 11:55 PM Quiz 2 due at 11:55 PM Connect Assignment 2 due at 11:55 PM WSJ Assignment 2 due at 11:55 PM EXAM 1 (Chapters 1, 2, 4, 5) – Exam closes at 11:55 PM Consumer Behavior Business-to-Business Marketing Global Marketing NO CLASS – CELEBRATE SAFELY Quiz 3 due at 11:55 PM Connect Assignment 3 due at 11:55 PM WSJ Assignment 3 due at 11:55 PM Quiz 4 due at 11:55 PM Connect Assignment 4 due at 11:55 PM WSJ Assignment 4 due at 11:55 PM EXAM 2 (Chapters 6-8) – Exam closes at 11:55 PM Segmentation, Targeting, and Positioning Marketing Research; Product, Branding, and Package Decisions Product, Branding, and Package Decisions (continued) Developing New Products Services: The Intangible Product Quiz 5 due at 11:55 PM Connect Assignment 5 due at 11:55 PM WSJ Assignment 5 due at 11:55 PM Quiz 6 due at 11:55 PM Connect Assignment 6 due at 11:55 PM WSJ Assignment 6 due at 11:55 PM Chapter (s) 1 2 2 4 5 1,2 4,5 6 7 8 6 7,8 9 10 11 11 12 13 9,10 11,12,13 11 July 13-17 July 16 July 18 July 19 July 19 July 20-24 Sat-Wed Tues Thurs Fri Fri Sat-Wed July 23 Tues July 25 Thurs July 26 Fri July 26 July 27-31 July 30 August 1 August 1 Jul 31-Aug 1 Fri Sat-Wed Tues Thurs Thurs Wed-Thurs EXAM 3 (Chapters 9-13)– Exam closes at 11:55 PM Pricing Concepts for Establishing Value Guest Speaker: Strategic Pricing methods Guest Speaker: Quiz 7 due at 11:55 PM Connect Assignment 7 due at 11:55 PM WSJ Assignment 7 due at 11:55 PM Quiz 8 due at 11:55 PM Connect Assignment 8 due at 11:55 PM WSJ Assignment 8 due at 11:55 PM Syllabus quiz 2 due at 11:55 PM MAKEUP EXAMS - Exam closes at 11:55 PM Supply Chain and Channel Management; Retailing and Multichannel Marketing Integrated Marketing Communication Advertising, Public Relations and Sales Promotions Quiz 8 due at 11:55 PM Connect Assignment 8 due at 11:55 PM WSJ Assignment 8 due at 11:55 PM Quiz 9 due at 11:55 PM Connect Assignment 9 due at 11:55 PM WSJ Assignment 9 due at 11:55 PM EXAM 4 (Chapters 14-17)– Exam closes at 11:55 PM Social and Mobile Marketing Personal Selling and Sales Management NO CLASS – TAKE FINAL EXAM Quiz 10 due at 11:55 PM Connect Assignment 10 due at 11:55 PM WSJ Assignment 10 due at 11:55 PM EXAM 5 (Chapters 3,18,19,20) – Exam closes at 9:30 PM 14 15 14,15 16,17 16 17 18 19 16,17 18,19 3 20 3,20 12