Marketing & Advertising Course Description Today we live in a consumer society. In an average day we see hundreds, if not thousands, of advertising messages. Whether they’re on TV, the radio, a billboard, or even the back of a bus ticket, products and services are being sold to us more than ever before. Marketing efforts shape the way we live our lives from the time we are small children. Marketers must understand behavior in order to be effective in those efforts. This course will examine the process by which consumer goods and services are brought to the market. Students will analyze existing markets to identify problems and opportunities, develop and modify products, establish and manage distribution, set prices, study buyer behavior, and undertake promotional efforts, especially advertising. The advertising focus of this course is designed for all students interested in learning what has been the process to develop these advertising messages. Students will learn to attract attention to their product or service by being able to identify and apply a variety of advertising techniques and strategies. This course will also give students an opportunity to gain insight into Sports Marketing and International Marketing. Course Objectives Upon completion of this course, students will be able to: Marketing: 1. Develop an understanding of marketing terms, concepts, principles and practices and apply them to their role as a consumer and/or business leader. 2. Understand consumer and organizational behavior. 3. Develop knowledge and tools necessary to design and implement effective marketing programs. 4. Analyze various market research methods, including both primary and secondary research. 5. Understand the advantages, disadvantages, opportunities and tradeoffs involved in different marketing strategies and choices. 6. Be familiar with the basic as well as leading edge/innovative concepts of marketing, including: market segmentation; product positioning; managing products over the life cycle and product portfolio analysis; marketing performance metrics; marketing-mix decisions such as advertising and branding; and the critical market analyses essential to product planning, such as customer and competitor analyses and forecasting. 7. Appreciate ethical implications of marketing decisions 8. Develop the ability to combine formal analysis and creativity in designing and implementing effective marketing programs. 9. Prepare a marketing plan. Advertising: 1. Explain how advertising an integral component of the marketing mix is; and describe the effect of advertising on marketing functions. 2. Compare and contrast advertising media. 3. Differentiate between advertising to a target audience (such as a market segment) and to the mass market. 4. Classify advertisements. (such as price or non-price; targeted audience or mass market; product or institutional) 5. Identify and evaluate elements of the advertisement that attract attention, develop interest, create desire, and produce action. 6. Analyze advertisements for effectiveness. 7. Compare and contrast outcomes of self-regulation and government regulation on the advertising industry; and incorporate regulations in a plan to protect the consumer from false and/or misleading advertising. 8. Use technology to develop and present advertising. 9. Plan, design, and present advertisements. Course Content Marketing A. B. C. D. Marketing Concept of the 21st Century a. Historical Development b. Customer needs and wants Implementing the Marketing Concept a. Identify the Market b. Develop a Marketing Mix Marketing’s Impact on Society a. Social responsibility Government agencies and consumer protection Code of Ethics o Responsibilities of the Marketer Planning and Marketing Strategy a. Defining and Understanding the Customer Consumer Behavior o Demographics o Psychographics o Geographical o Behavioral Buying Motivates Buying Behavior E. Marketing Information and Research a. Sources of Information (Internal/External) b. Secondary data sources Trade and Professional Association Business publications Commercial data and information services c. Primary Data Sources Surveys Observations/Focus Groups Test Markets d. Marketing Information Systems/Technology e. Marketing Research Process F. Market Segmentation a. Differentiating market segments Target markets Mass Markets G. Developing a Marketing Strategy a. Marketing Mix Alternative (4 P’s) Product o Stages of product life cycle o Classifications of products Convenience, Shopping, Specialty Goods o Product design, packaging o Product lines o Brand Development Place (distribution) o Channels of Distribution Manufacturer Wholesaler Retailer Middle-man o Models of Transportation Railroad, Truck, Ship, Plane o Storage and Product Handling Warehouse and Distribution Centers Price o Elasticity of demand o Price Objectives Maximize profits Increase sales Maintain image (prestige pricing) Break-even analysis o Establish a Selling Price Skimming price Penetration price o Pricing Policies Price Flexibility Price Lines Geographic Pricing Discounts and Allowances o Credit Types of Credit (consumer/trade) Credit policies Credit approval Collections o Legal and Ethical Considerations Price fixing Price discrimination Unit pricing Unfair trade practices law Price advertising Promotion o Role of promotion in marketing Inform, persuade, create need, create emotion, brand loyalty o Pros & Cons of the various types of Promotion Personal selling Advertising Direct Marketing Sales Promotion Public Relations Advertising A) Advertising and its purpose B) Types: Organization and Product C) Types of medium and their advantages/disadvantages a. Television b. Radio c. Outdoor d. Direct mail e. Magazines f. Newspapers g. Internet D) Criteria for selecting media a. Cost b. Reach c. Frequency d. Lead time E) Creative Formats and Appeals a. Slice of life b. Fantasy c. Musical d. Technical expertise e. Testimonial f. Lifestyle g. Mood or image h. Character i. Scientific evidence j. Humor k. Sex l. Celebrity F) Gauging Advertising, Effectiveness a. Choosing evaluation techniques Focus groups Recall testing Recognition testing b. Laws and Regulations Regarding Advertising Deceptive advertising Unfair advertising Substantiation of Advertising Claims c. Controversial Advertising Tobacco Alcohol Drugs Resources Textbook: Marketing Your Personal Finances 2nd Edition, James L. Burrow, Thomson South-Western, 2006 Accompanying Student Workbook http://www.swlearning.com/marketing/gitm/gitm.html#1 Great Ideas for Teaching Marketing http://www.mark-ed.com/ MarkEd Resources Center http://www.marketingteacher.com/Lessonstore.htm Marketing Teacher.com http://www.business.gov/topics/research_resources/ Business.gov Research Resources http://www.entrepreneur.com/ Entrepreneur.com http://www.sba.gov/ United States Small Business Association http://www.merlot.org/Home.po MERLOT (Multimedia Educational Resource for Learning and Online Teaching http://www.adcracker.com/index.htm Ad Cracker http://www.lawpublish.com/sitemap.html Advertising Law Resource Center http://www.marketingpower.com/ American Marketing Association http://www.knowthis.com/ Marketing Virtual Library http://scriptorium.lib.duke.edu/eaa/ The Emergence of Advertising in America: 1850 – 1920; Duke University Suggested Strategies Cooperative Group Strategies Field Trips Online Simulations Internet Research Collaborative Work with Art and Technology departments Guest Speakers Contests Promotional Plans and Collaboration with School Store and Athletics/Activities Case Study Analysis and Evaluation Evaluation Tests/Quizzes Products of Performance: Projects, Presentations, Simulations Group and Class Participation Rubric