The Lee Kong Chian School of Business Academic Year 2014 /15 Term 2 MKTG 101 MARKETING Instructor : Anirban Mukherjee Title : Assistant Professor of Marketing Tel. : +65-6828-1932 Email : anirbanm@smu.edu.sg Office : LKCSB #5056 COURSE DESCRIPTION The course introduces Marketing as both a professional and an academic discipline. As a profession, marketers identify consumer needs, determine which target markets to serve, and develop an optimal product, pricing, promotion, and distribution strategy that best satisfy consumer needs, relative to competition. Marketers serve a vital role in the long-term success of all organizations, profit-oriented as well as not-forprofit, small as well as large. Academically, marketing is a multi-disciplinary field involving the concepts, theories and methods used to understand exchanges and long-term relationships between buyers and sellers. Through a combination of lectures, discussions, videos, individual and group assignments and case analyses, the course is designed to cover the basic concepts and principles of this challenging field. It is a required basic course for marketing majors, which complements the theories and skills taught in many of the other majors at SMU. LEARNING OBJECTIVES By the end of this course, students will be able to: Apply marketing decision-making skills. This is the primary objective of the course. They should leave the course with the ability to analyze the marketing and business environment in which an organization is operating, to determine the major opportunities and problems facing the organization, to develop a creative set of alternative marketing strategies, to select the most appropriate one for the organization, and to convert the chosen strategic alternative into an actionable plan. Explain and apply some major marketing concepts, such as market segmentation, positioning, customer satisfaction, value creation, etc. Discuss institutional marketing knowledge, practice, and terminology. They should be able to converse intelligently with managers and understand the marketing situation in a variety of organizational environments. Much of this will be achieved by the analyses of case studies. Create a marketing plan that can be put into practice. Identify ethical issues that underlie many marketing decisions. PRE-REQUISITE/ CO-REQUISITE/ MUTUALLY EXCLUSIVE COURSE(S) Please refer to the Course Catalogue on OASIS for the most updated list of pre-requisites / co-requisites for this particular course. Do note that if this course has a co-requisite, it means that the course has to be taken together with another course. Dropping one course during BOSS bidding would result in both courses being dropped at the same time. 1 ASSESSMENT METHODS Case write-ups (group write-ups) TruEarth Healthy Foods The New York Times Paywall 12% 25% Examinations Mid-term Examination Final Examination 20% 30% Class Participation Research Requirement 10% 3% MIDTERM AND FINAL EXAMS Both midterm and final exams will be based on all the materials discussed prior to the exam date (lectures, case discussions, assigned readings, guest speakers, and class assignments). If you are not be able to take the exam at the scheduled time, please inform me in person of any legitimate conflict at least one week prior to the scheduled exam date. If I do not receive notice at least one week before the exam, you will not be given an opportunity to take it another time unless due to an emergency. REQUIRED COURSE PACKET A course packet will be available containing cases. The cases will give you the opportunity to apply the conceptual frameworks discussed during the lectures to current real-world marketing problems. COURSE TEXTBOOK There is a recommended course textbook: Kotler P. and G. Armstrong (2014), “Principles of Marketing, Global Edition (15th Edition)”, Pearson Publishing. CASE STUDIES Cases are descriptions of real-world situations that provide opportunities to analyze and evaluate various managerial strategies. They are an incredibly fun way to get to know the “real” world. In each case, a professor has carefully described a business situation, and left a puzzle: question(s) that we get to discuss and “solve” in class. This year, we will be studying TruEarth Healthy Foods and The New York Times. These companies represent the “best of breed” across industries and should provide an excellent lens to understand general ideas in marketing. CASE STUDY WRITE-UPS At the beginning of the semester you will be assigned to a group of 5-6 students. Groups will jointly prepare two case write-ups (submit only one write-up per group): 1st Group case write-up: TruEarth Healthy Foods: Market Research for a New Product Introduction 2nd Group case write-up: The New York Times Paywall Each case write-up has to be submitted as an electronic copy (on eLearn) by 8 am Monday, the week the case will be discussed. Absolutely no late submissions will be accepted. Each write-up must be in Times New Roman 12, single-spaced, with atleast1” margins. Each write-up should include: Cover sheet: name of the assignment, and names and ID numbers of those submitting the assignment. Case analysis: five pages maximum of text, excluding the cover sheet, distributed approximately across five sections: o o o o o Major and minor problems Strategic options Recommended strategy Options grid Justification of recommendation (1 page) (1/2 page) (1/2 page) (1 page) (2 pages) 2 ACADEMIC INTEGRITY All acts of academic dishonesty (including, but not limited to, plagiarism, cheating, fabrication, facilitation of acts of academic dishonesty by others, unauthorized possession of exam questions, or tampering with the academic work of other students) are serious offences. All work (whether oral or written) submitted for purposes of assessment must be the student’s own work. Penalties for violation of the policy range from zero marks for the component assessment to expulsion, depending on the nature of the offence. When in doubt, students should consult the course instructor. Details on the SMU Code of Academic Integrity may be accessed at http://www.smuscd.org/resources.html. NOTES ON RESEARCH PARTICIPATION The purpose of the research participation requirement is to supplement the material on marketing research methodology by giving you direct exposure to academic research in marketing. This requirement earns you up to 3% of your final grade and may be fulfilled through one of the following two ways: 1. - Participation in research studies 1% for each study, subject to a maximum of 3% To participate in a research study, go to the Subject Pool System website at https://mercury.smu.edu.sg/SPS/. You will be able to view a list of studies available and the times that they will be conducted. Select a study that interests you and a time that suits you. Please note that after you have signed up for a study, it is important for you to keep the appointment. If you miss an appointment, you will not be permitted to sign up a second time for the same study. If you anticipate not being able to make an appointment, you should return to the website to delete your appointment. You should try to register for studies as and when they are announced throughout the term, but do not despair if you do not get a chance to participate at the times at which you wish to. There will be plenty of opportunities for everyone throughout the term. You are practically guaranteed to have enough studies to complete this requirement by the end of the term. 2. Analysis of articles detailing research studies - 1% for each article analyzed, subject to a maximum of 2% 3 WEEKLY LESSON PLANS MODULE TOPICS 1 Course Introduction 2 Course Introduction (cont.) 3 Marketing Orientation: Examples 4 Marketing Orientation: Examples (cont.) 5 Marketing Math I: Theoretical Foundations 6 Marketing Math II: Examples 7 Case Analysis: Rubrics 8 Market Research I 9 Market Research (cont.) 10 Marketing Strategy I: Customer analysis 11 Marketing Strategy I: Customer analysis (cont.) 12 Marketing Strategy II: Company and competitor analysis 13 Marketing Strategy III: Segmentation, Targeting and Positioning 14 Marketing Strategy III: Segmentation, Targeting and Positioning (cont.) 15 Case: TruEarth Healthy Foods 16 Case: TruEarth Healthy Foods (cont.) 17 P1: Product 18 P2: Pricing 19 P3: Place (Distribution Channels) 20 P4: Promotions (Communications) 21 Ethics and Customer Satisfaction 22 Ethics and Customer Satisfaction (cont.) 23 Case: The New York Times Paywall 24 Case: The New York Times Paywall (cont.) This outline is subject to change. 4