MARKETING MANAGEMENT SPRING SEMESTER 2003 Post lecture assistance/discussion: immediately after class, by prior appointment, or by Email . COURSE OUTLINE Modern marketing is an evolutionary process where methods and concepts are constantly changing to meet new challenges. This course focuses on the principle elements of Marketing. The lectures are designed to cover many aspects of marketing, though some may only be at a superficial rather than an in depth level. However, through the lectures and course work you will discover, learn and apply basic theory of Marketing and be aware of the fundamentals and principles of Marketing Management. STUDY LITERATURE Marketing Management: analysis, planning, implementation, and control/ Phlip Kotler. (NB: Further readings will be assigned by instructors during classes) EXPECTATIONS The instructors expect every student to follow the course and lectures diligently and ensure time is allocated to all non-lecture assignments. If at any time during the course you have difficulty with the structure or content, you should inform your instructor. Due to the nature of Marketing changes in theory and practice are constant. Each student is expected to maintain an active interest and study of Marketing periodicals and publications, both national and international. Selected topics or news items may be discussed and debated in class. COURSE OBJECTIVES To aid development of the students’ level of English terminology in relation to Marketing Management and to provide students with the fundamental Marketing concepts and practices that will assist them in their future career. At the end of the course the student should be able: 1. To define the concept of Marketing and Market. 2. 3. To grasp the fundamental principle of Marketing Management. To Apply the fundamental theory and concepts to modern market. 4. To apply the theory and concepts to case study 1 OBSERVATIONS Students must ensure that all mobile telephones and other transmitting equipment are turned off during class. If there is an essential need to take a call you will be expected to leave the classroom and be responsible for catching up with any missed course work. In order to benefit fully from the course, you should: o o o Come to class well prepared. Read the case and think about how the concepts from the chapter or discussed in class can be applied. Make notes that you can refer to during class. You may meet with your team or friends before class to discuss the case. Contribute ideas and analysis to the class discussion. Given the complexities of the real world, there is no single right answer. What is more important is how you use management concepts and tools to analyse a situation. Listen carefully to your classmates’ comments and suggest supporting or alternative views. ACTIVE INVOLVEMENT Class participation is a primary but not the only element of active involvement. Active involvement requires that you use class participation as a learning opportunity. For example, you should: Use the concepts of Marketing Management and apply them to current business situations you have read about or seen reported in the media. Relate class material to your own personal experiences. Bring to class discussion your own unique perspective. Develop oral communication skills, learning to present ideas concisely and persuasively and respond effectively to the comments of others. Practice for your job interviews, where you will be expected to respond to business problems similar to the ones we will discuss in class. Team formation: We will be giving you some time during the class sessions to get to know how to work with one another by forming 5-6 person teams. CLASS ATTENDANCE Attendance is an important indicator of attitude. Sporadic attendance often signals to the instructor that the student places low priority on the course. By enrolling in this course, you are, in effect, agreeing to do your best to attend and contribute to the group learning experience. Because of the importance of the collective learning experience, regular attendance is required. It is important that you arrive on time so that we may start class promptly. Arriving late to class is very disruptive and discourteous to the class. If you do have to miss a class, it is your responsibility to find out from your classmates what was covered in class, and to pick up any handouts from the instructors. Please Note: Topics covered will not usually be repeated and you 2 will let down other members of your class and team. COURSE CONTENT and TEACHING PLAN The following is an outline of the course contents and the specific areas to be included: 1ST WEEK 1. Understanding Marketing What s market What is marketing The five concepts of marketing 2ND WEEK 2. Winning Markets: Market-oriented strategic Planning Defining the corporate Mission Business Strategic Planning 3RD WEEK 3. Analyzing Marketing Opportunity Gathering information and Measuring Market Demand Scanning the marketing Environment Analyzing Consumer Markets and Buyer Behavior 4TH WEEK---5TH WEEK 4. Identifying Market Segments and Selecting Target Markets Levels and Patterns of Market Segmentation Market Targeting Positioning Strategy 6TH WEEK---7TH WEEK 5. Product Life-cycle Marketing Strategies How to Differentiate The Concept of Product Life Cycle 9TH WEEK---10TH WEEK 6. Managing Production Lines And Brands New-Product Development The Product and Product Mix Product-Line Decision Brand Decision 11TH WEEK---12TH WEEK 7. Designing Pricing Strategies And Programs Setting the Price Adapting the Price Initiating and Responding To Price Changes 3 13TH WEEK----14TH WEEK 8. Managing and Delivering Marketing Programs Channel Functions and Flows Channel Levels Channel-Design Decisions 14TH WEEK—15TH WEEK 9. Managing Retailing, Wholesaling, and Market Logistics Retailing Wholesaling Market Logistics 16TH WEEK---17TH WEEK 10. Managing Personal Selling, Advertising, Sales Promotion, Public Relations Promotion Mix Advertising Sales Promotion Public Relations 18TH WEEK 11. Managing Direct Marketing Face-to-Face Selling Direct Mail Catalog Marketing Telemarketing EVALUATION OF COURSE PERFORMANCE o o o Group Project Work: 20 % Assignments: 30% There will be two assignments during the course. It is expected that these will be carried out using the general layout for research. Final Exam: 50% Please Note o The instructors reserve the right to reduce your grade at their discretion and in their judgement for: excessive absences, lateness, late papers, failure to participate in class/team, talking unnecessarily in class, active electronic devices in class other than tape recorders (e.g.: cell phones or pagers) or any other evidence of gaps in team work skills. 4