Marketing Spring 2012 Professor: Rong ZENG Office: 2413 Office Hours: Tues 12:00-1:00pm Class: Tuesday 8:15 am-9:45 pm, 2252 e-mail: zengrong@shisu.edu.cn COURSE PREREQUISITES: The prerequisties for this course are: Fundamentals of Management, and Economics. Some basic knowledge of accounting and finance will be appreciated. COURSE OBJECTIVES Marketing, more than any other business function, deals with customers and consumers. Viewed broadly, it is the process by which organizations and/or individuals exchange values with each other. In this sense, one can observe marketing in action wherever one looks –in commercial transactions, government programs, nonprofit organizations, the job market, and everything in between. Marketers work closely with, and often lead, all other departments within an organization in developing and offering to its markets its part of the value exchange. A good grasp of how markets and marketing work, therefore, is essential regardless of one’s particular career path or the type of organization that one works for. The main objectives of this course are to introduce students to the basic marketing concepts, methods and terminology, and to enable you to develop an understanding of marketing’s role in modern organizations, the economy and society at large. In addition, the course is designed to provide you with an opportunity to develop basic analytical and communication skills necessary to marketing decision-making. As an introductory course, it will present a comprehensive overview of the entire marketing process. It will offer you a chance to consider the subject in its entirety, but it is ONLY A BEGINNING. The course will: • Examine the role of marketing and review its theoretical justification; • Introduce the main concepts, principles, and terminology of marketing; • Study environmental forces in modern markets and the behavior of buyers within them; • Familiarize participants with the main elements of effective marketing strategy; • Outline the characteristics of marketing strategies in different application contexts; and • Provide an opportunity to begin developing the analytical and implementation skills needed for effective decision making in marketing and other management disciplines. Students are expected to actively participate in class. Consistently informed participation, reflecting regular, close reading of the assigned texts is expected. Two key principles shall guide this course: respect for others and academic integrity. READINGS Required Reading: Philip Kotler, Gary Armstrong, Principles of Marketing, 12th edition, Prentice Hall (2009). Additional materials may be assigned on certain topics. Recommended Reading: Bonoma, Thomas V., and Thomas Koznik (1989) Learning by the Case Method in Marketing, Upper Saddle River, NJ: Pearson Prentice Hall in conjunction with the Harvard Business School. Mauffette-Leenders, Louise A., James A. Erskine, and Michiel R. Leenders (2005) Learning with Cases. London ON: Richard Ivey School of Business, University of Western Ontario 格雷厄姆·胡利,约翰·桑德斯,奈杰尔·皮尔西, 《营销战略与竞争定位》,中国人民大 学出版社,2007 年6 月 Assessments Total Value Group Project 20% In-class exercises *** 10% Participation ** 10% Final exam*** 60% TOTAL 100% *NOTE: Students must achieve a minimum grade of 50% on the final exam AND a minimum grade of 40% on the total grade for the group project to pass this course. ** Participation includes class attendance and in-class case discussions. Absence from the class will be penalized at 1 point per time. Several cases are assigned for the in-class discussions. So you are expected to get prepared for the case discussions and contribute your meaningful comments, observations and questions in class. *** The actual allocation among the in-class exercises and final exam may vary at the end. The actual allocation will depend on the times of exercises we have in class, which will depend on your knowledge of marketing basics. Satisfactory In-term Performance 1. The criterion/criteria and the standard(s) for Satisfactory In-term Performance are as follow(s): · Minimum grade of 40% on the total grade for the group project (presentation + written report + peer evaluation = total grade). 2. Unsatisfactory In-term Performance in this course will lead to: Failure in this course (regardless of the performance at the Final exam or final project) Yes FND grade in this course (in case of missed Final exam or project) Yes A NOTE ON CLASS PARTICIPATION AND ATTENDANCE: Your engagement and participation are necessary for learning and success. Class participation is the classroom equivalent to professionals' participation in meetings. It is, therefore, considered important to success in this course, whether or not course grades are assigned for participation. Effective participation implies active and continuous contribution to class proceedings on the part of students in the form of raising or answering questions, commenting on issues raised by the instructor or other students, or bringing to the attention of the class relevant items of interest from the media or personal experiences. Not attending class or leaving during a class (except in extenuating circumstances and after informing the professor) is rude to the instructor and your fellow students and disruptive of the learning environment. Such behavior is not appreciated in any situation or organization, including this classroom. And the attendance will count toward your participation grade. Failure to attend these classes will result in a reduction of your participation grade. The penalty is 2 points per week missed. METHOD AND OVERVIEW OF FORMAL ASSIGNMENTS To accomplish the course objectives several learning methods are utilized. You are strongly encouraged to participate in class discussions, which are the best vehicle to fully express one's ideas and to let others benefit from them. Short case studies will help develop and test your decision-making and communications abilities. Short cases and/or other exercises may also be integrated into the course lectures and discussions. A comprehensive project will give you the opportunity to probe and report on an international expansion situation that is of particular interest to you (and your group members) and to present and defend your ideas in a public forum. A final examination will help you consolidate the knowledge acquired throughout the course. Guides to the group project will be issued later in class. Group Contract You will form into self-selected groups (4-8 students) week 2. This group will act as a course resource for in-class case discussions, written case studies and comprise the research team for the Marketing Plan project. Late Penalty: All assignments (group contract, individual case, group case, and the comprehensive group project) are due at the beginning of class. Once the lecture starts, your assignment is late. It is extremely rude to interrupt the lecture to hand your assignment in; wait until the break. Late assignments are penalized at the rate of 2 points per day (this includes the first day. If you hand your assignment in after the lecture begins, you will lose 2 points). Do NOT slide your assignment under the professor’s office door. If your assignment is late, you must make arrangements to deliver the assignment to the professor at a time that is mutually convenient. An Important Note on Grading of the Comprehensive Report: necessarily receive the same grade. group member will turn in a group evaluation as described below. will take 100 points and allocate those points to all the group members (including him or herself) in accordance with the work done by each member. So, if there are 4 members in a group, and all 4 group members contribute equally, each would be allocated 25 points. But, if a problem member (hopefully we will have none of these) contributed very little, the remaining group members might allocate very few points to that member. If most of the members of a group independently assign few points to a particular member (indicating little contribution), that individual’s grade for the Project will be adjusted downward depending on how severe the lack of contribution. Of course, we don’t hope that this phenomenon to happen since we encourage team work and participation from everyone. In-Class Exercises and Final Exam The exercises will be held during regular class time. It may mainly consist of multiple choice questions, or may take the form of a short case. Regardless of format, the exercises will be based on the textbook chapters assigned up to the date and all lectures and materials covered in class. The final examination will be held during the formal exam period for the term courses. The exact date and time will be announced later in the term. The final examination will be based on all topics covered (in class and in the readings) during the term. It will be multiple-choice questions, essay questions as well as short answer questions to a short case. Please note: students must achieve a minimum of 50% on the final exam to pass the course. CLASS SCHEDULE AND ASSIGNMENTS* Week Topics 1 Feb 21 2 Course Chapter 1 A mini case Explain the administrative issues (Group Contract, evaluation, presentation, etc.) Chapter 2 Company and Marketing Strategy Chapter 3 Marketing Environments Group contract due A case assigned Feb 29 3 Introduction to Marketing: Overview Readings/Assignments March 6 4 March 13 Chapter 4 Managing Marketing Information Case analysis 5 Chapter 5 Consumer Markets and Consumer Buyer Behavior (1) 6 March 27 Chapter 5 Consumer Markets and Consumer Buyer Behavior (2) Chapter 6 Business Markets and Business Buyer Behavior 7 Chapter 7 Segmentation, Targeting and Positioning (1) Chapter 7 Segmentation, Targeting and Positioning (2) Case Analysis 9 Marketing Plan April 17 Mid-term Exercise 10 Chapter 8 Product Life Cycle April 24 Chapter 9 Product Strategies (1) 12 Chapter 9 Product Strategies (2) Chapter 10 Pricing Strategies (1) March 20 April 3 8 April 10 A mini case A mini-case A case assigned Term case distributed May 8 13 May 15 A case for in-class discussion distributed Chapter 10 Pricing Strategies (2) 15 Chapter 11 Place Strategies May 29 Chapter 12 Promotion Strategies 16 Chapter 13 Creating Competitive Strategies Wrap Up Review; Q & A Exam Week 14 May 22 June 5 17 Group Project Report Due June 12 18 * The above schedule only gives you a clue of what may be covered in this class. While every attempt will be made to keep to the schedule listed above, unforeseen circumstances may necessitate modifications throughout the semester. And I expect great modifications will be made this semester since I am not sure whether you have mastered marketing basics as I expect. Some cases and readings will be distributed or posted on the Web. Use of the Web Students are encouraged to check the course site regularly for updated course materials, announcements, etc. related to the course. http://cc.shisu.edu.cn http://cifc.shisu.edu.cn/share IMPORTANT ADDITIONAL INFORMATION GROUP WORK We encourage group assignments in the school for several reasons. They provide you with opportunities to develop and enhance interpersonal, communication, leadership, follower-ship and other group skills. Group assignments are also good for learning integrative skills for putting together a complex task. Your professor may assign one or more group tasks/assignments/projects in this course. A WORD ABOUT CELLPHONES The use of cellular phones is not permitted in this class. It is disruptive to the professor and class members. If you carry a phone to class, please make sure it is turned off. If an emergency situation requires you to keep your cell phone turned on, please discuss this with the instructor prior to the class.