COURSE DESCRIPTION FORM School/Faculty/Institute Sabancı University, Faculty of Management Program B.A. in Management Semester Summer 2015 Course Code MKTG405 Course Title in English Marketing Strategy Course Title in Turkish Pazarlama Stratejisi Language of Instruction English Type of Course Lecture/Seminar/Practical/Fieldwork Level of Course Senior, Junior Intermediate Semester Summer Hours per Week 3 Number of Credits 5 ECTS Grading Mode Letter Grades (A: 100-93, A-: 92-86, B+: 85-78, B: 77-70, B-: 69-63, C+: 62-50, F:49-0) Pre-requisites Principles of Marketing or Introduction to Marketing Course Description MKTG405 will deepen students’ knowledge of marketing strategy. Students will not only be provided with a capstone class that enables integration of their learning in marketing (“pull it all together”), but they will be equipped with thinking strategically when making and implementing marketing decisions (“strategic decision making”). Extensive application of specific analytical approaches and tools for understanding customers, competition, and markets (“applications of marketing data and information”) will help students in developing an appreciation for the relationship between marketing and the other functional areas of business. Course Turkish Description Learning Outcomes Competences in MKTG405, öğrencilerin pazarlama stratejisi bilgisini derinleştirmeyi hedefler. Öğrencilere pazarlama bilgilerini entegre edebilme kabiliyeti kazandırmanın yanı sıra, pazarlama kararlarına stratejik yaklaşım ele almayı tanıtır. Belli başlı analitik yaklaşımların uygulanmasıyla, pazarlama ile işletmenin diğer fonksiyonları arasındaki ilişki pekiştirilir. and At the end of MKTG405, the student is expected to: Develop understanding about what is involved in making marketing decisions, including product, price, promotion, and place decisions to create a marketing mix. Acquire an overview on the contemporary issues in marketing and the unique challenges faced by marketing managers in the dynamic business environment. Develop insights into how differences in economic, cultural, social, political, and legal environments can affect marketing decisions. Develop strategic thinking in the context of complex problems and challenges faced by the contemporary executives and managers. Acquire the necessary analytical and conceptual skills for developing successful marketing programs. Develop leadership skills necessary to deal with the uncertainty and changes faced by today’s marketers. Develop ability to integrate the important societal dimensions of diversity, environmental concerns, ethics, and technological change into their thinking. Discover sources of information for researching and evaluating product markets. Communicate effectively about marketing issues in group discussions, oral presentations and written reports. Work effectively as a team member in analyzing marketing issues. Relation to Program Outcomes and Competences: Level: N=None S=Supportive H=Highly related Program Outcomes and Competences Level Have a general understanding of Marketing Communications and underlying disciplines, i.e., advertising, digital, PR, direct marketing, sales promotions Associate essential communication theories with the practices in underlying disciplines Able to detect the need and brief for the processes of market research, develop a critical eye for the process Intellectually broaden their knowledge of demographics and various target segments Assessed by H Case study Group Project H Case Study S Brand Analysis H Case Study Brand Analysis Develop critical thinking and expository writing skills through projects H Group Project Sharpen their presentational skills through group work H Group Project Name of Instructor Associate Professor Selcen Öztürkcan, Ph.D. Course Contents Session Course Contents Required/Recommended Readings Topic ALL CASES AVAILABLE AT https://cb.hbsp.harvard.edu/cbmp/access/27603575 1. 11:40- 14:30 / School of Management G060 Syllabus and course requirements will be discussed 2. 11:40- 14:30 / School of Management G060 Introduction to five forces industry analysis, and marketing strategy Reading (complete before class): Porter, M.E. (2008), “Five Competitive forces that shape strategy,” Harvard Business Review, Vol. 86, Issue 1, p78-93. Davis, R.T. (1987), “Marketing Strategy,” Harvard Business Review, M247N. 3. 11:40- 14:30 / School of Management G060 Competition; Market positioning; Strategic planning; Technology Reading (complete before class): Yoffie, D.B. & Kim, R. (2011), “Apple Inc. in 2010,” Harvard Business School Publications, Product No.9-710-467. Case Study Questions: 1. What, historically, have been Apple’s competitive advantages? 2. Analyze the personal computer industry. Are the dynamics favorable or problematic for Apple? 3. How sustainable is Apple’s competitive position in PCs? 4. How sustainable is Apple’s competitive position in MP3 players? 5. How do you asses Apple’s competitive position in smartphones? 6. What are the prospects for the iPad? 4. 11:40- 14:30 / School of Management G060 Competitive advantage; Diversification; Implementing strategy; Strategy formulation Reading (complete before class): Ruckstad, M.G. & Collins, S. (2009), “The Walt Disney Company: The Entertainment King,” Harvard Business School Publications, Product No.9-701-035. Case Study Questions: 1. Why has Disney been successful for so long? 2. What did Michael Eisner do to rejuvenate Disney? Specifically, how did he increase net income in his first four years? 3. Has Disney diversified too far in recent years? !! DEADLINE to inform on the composition of your group 5. 11:40- 14:30 / School of Management G060 Advertising; Consumer behavior; Marketing planning; New product marketing Reading (complete before class): Wathieu, L. & Zoglio, M. (2005), “TiVo,” Harvard Business School Publications, Product No.9-501-038. Case Study Questions: 1. Analyse the situation from the customer’s standpoint. What is TiVo? What factors facilitate its adoption? What factors make adoption difficult? Who is TiVo best suited for? 2. Now adopt the standpoint of the networks, the advertisers, and the cable/satellite companies: what do they want TiVo to be? Thinking about the competition: What are Microsoft’s potential strengths and weaknesses in this market? 3. How would you describe and characterize TiVo’s action plan as given at the end of the case? How do you evaluate the planned communication campaign? Does your situation analysis suggest and alternative plan? 6. 11:40- 14:30 / School of Management G060 Brands; Market segmentation; Marketing management; Pricing strategy; Product lines Reading (complete before class): Dolan, R.J. (1995), “Eastman Kodak Co.: Funtime Film,” Harvard Business School Publications, Product No.9-594-111. Case Study Questions: Analyze the case in four major parts, 1. Diagnosis of the reasons for Kodak’s market share loss and assessment of likely development of the market if Kodak maintained the status quo. 2. Specification of what Kodak’s objectives ought to be at this point. This involves possible trade-offs between market share, profitability and brand equity. 3. Evaluation of the general concept of Funtime proposal and its implementation details given consumer behavior. 4. Consideration of other action plan options – such as a price cut on the flagship Gold Plus brand. 7. 11:40- 14:30 / School of Management G060 MIDTERM EXAM 8. 11:40- 14:30 / School of Management G060 Midterm Case Analysis 9. 11:40- 14:30 / School of Management G060 Guest Speaker 10. 11:40- 14:30 / School of Management G060 Guest Speaker 11. 11:40- 14:30 / School of Management G060 International marketing; Marketing strategy; Pricing; introduction; Product positioning; Service management Product Reading (complete before class): Rangan, V.K. (2002), “Citibank: Launching the Credit Card in Asia Pacific,” Harvard Business School Publications, Product No.9-595026. Case Study Questions: 1. Should Citibank launch the card product? Why or why not? 2. Given its upscale customer base, how should Citibank position its card, if it decides to launch it? 3. Which countries should Citibank enter first? Which counties 4. 5. 12. should it avoid? How should Rana Talwar convince his country managers and headquarters to accept the card product? What organizational mechanisms does he have in his control? If you chose not to introduce the card, what would you do to achieve the $100 million earnings target by 1990? What kind of branch banking products should the bank offer? 11:40- 14:30 / School of Management G060 Business models; Intellectual capital; Licensing; Marketing strategy Reading (complete before class): Elberse, A. (2011), “Marvel Enterprises, Inc. (Abridged),” Harvard Business School Publications, Product No.9-511-097. Case Study Questions: 1. In your view, what strategic direction should Marvel Enterprises’’ Vice Chairman Peter Cuneo and his colleagues pursue? Why? How? 2. Why was Marvel’s turnaround so successful? Would you characterize that success as a fluke? Or do you view it as sustainable? Why? How? 3. How important are each of Marvel’s three divisions - comic books, toys, and licensing – to its past and future performance? 4. To what extent is Marvel’s success due to only one character, Spider-Man? How can Marvel develop its lesserknown characters? 13. 11:40- 14:30 / School of Management G060 Group Presentations 14. 11:40- 14:30 / School of Management G060 Group Presentations In addition to the ones above, recommended readings for class involves regular follow up of Marketing and Business news through print media. Teaching Methods The course will use case studies to guide extensive elaboration of marketing theory and knowledge demanded for formulating strategy. Critical thinking will be achieved using active engagements with industry guests, and case study/problem solution activities. Assessment Methods Requirement Type % Effective class participation Individual 20% Final Group Project Group 50% = 20% (instructor evaluation)+ 20% (average of groupmates’ evaluation of your work) Midterm Exam Individual 30% TOTAL : 100 Class participation is required and 100% mindful participation if especially important. Outstanding Contributor (20/20): Contributions in class reflect exceptional preparation. Ideas are nearly always important and provide one or more major insights as well as providing a fruitful direction for the class. Arguments are well substantiated and persuasively presented. Good Contributor (14/20): Contributions in class reflect thorough preparation. Ideas are usually important, provide good insights, and sometimes offer a fruitful direction for the class. Arguments are generally well substantiated and are often persuasive. Adequate Contributor (10/20): Contributions in class reflect satisfactory preparation. Ideas are sometimes important, provide generally useful insights, but seldom offer a major new direction. Arguments are fairly well substantiated and sometimes persuasive. Unsatisfactory Contributor (6/20): Contributions in class reflect inadequate preparation. Ideas offered are seldom substantive; they provide few, if any, insights; and never offer a constructive direction for the class. Integrative comments are absent. Class contributions are, at best, “cherry-picking” efforts making isolated, obvious, or confusing points. If this person were not a member of the class, valuable airtime would be saved. Non-participant (0/20): The student was present but said nothing or the student missed class. Hence, there is not adequate basis for evaluation Group Project Work in teams of three or four, perhaps with new team members. Every team is responsible for picking a company and then writing a marketing plan that includes some analysis for a product or service not currently sold by your focal company. The product or service can be completely new-to-theworld or can be new just to the focal company. Do not copy a marketing plan. Be original in your thinking. If you cannot form a group by the deadline, it will be registered as your choice of not participating in this course requirement. Group change requests are not acceptable once they are formed. The focal company can be a company that employs a member of your team. However, you will need to disclose information in your report, so think this over carefully. In general, I assume submissions are not confidential. The company can also be fictitious with your group members as owners, but this can seriously limited the ability to demonstrate strategic skills, so be careful. Your assignment is to discuss the mission and situation of the company, identify and briefly comment on opportunities and threats, and then pursue one opportunity, continuing with goals and action plans. To the extent that the new product affects products/services currently sold, then your goals and action plans will also need to address the marketing of current products. Typically you will be profit driven, but interesting exceptions exist. Generally follow the format below for your submission Background and mission • Provide a brief paragraph describing the business (do not ramble and provide too much) • Clarify the overall company mission, answering the three mission-questions Situation analysis • Cover each substantive area (i.e., customers, channel, etc.) • Briefly discuss key opportunities and threats and their corresponding strengths/weaknesses • Pick one key opportunity that involves a new product and explain why you pick this one • Culminate your analysis in the identification and discussion of key successfactors Goals • Discuss how the new product or service will be positioned • Goals should be CLEARLY mapped to key success factors • Quantifications should be explained and should make sense • Clarify how goals cover (1) internal and external, and (2) in-process and end-result issues Action plan • Actions should be CLEARLY mapped into goals • The logic that motivates actions should be spelled out, and you might compare plausible alternate actions to explain the relative strengths of the actions you recommend • Actions should cover the general marketing mix (4Ps, 7Ps, etc.) Financial planning and evaluation • Where reasonable, provide financial analysis THE SHORT PRESENTATION Last two sessions of our class is devoted to group project presentations. Your presentation should be 20 minutes max. For submission, provide the digital copy of your presentation material. You might have PowerPoint, or some other format you deem applicable. Course Administration Professor’s e-mail is selcen.ozturkcan@gmail.com. Attendance is strongly advised. Late submissions are not acceptable. In the unlikely event of such a need, the student(s) should contact the professor ASAP. These will be evaluated on a case by case basis. Please do not embarrass Sabancı community with any beeping sounds while attending classes. In addition, do NOT enter the classroom late. Academic Honesty You are responsible for abiding by the guidelines for academic honesty, as described in the University's by-laws. If you have questions concerning academic honesty, please obtain a copy of the by-laws from the registrar's office. Do not sacrifice honesty for the sake of better grades, volunteering for extra course work is an option always available. Professors Short Bio Assoc. Prof. Selcen Öztürkcan, continues her academic career as a Faculty of the Social Sciences Institute at Istanbul Bilgi University. After graduating from Tarsus American High School (1995), she has earned a B.Sc. degree in Engineering from Middle East Technical University with honors (1999), and an M.B.A. degree from Bilkent University on merit-scholarship (2001). She continued her Ph.D. studies, again on merit-scholarship, first at the College of Business Administration of the University of South Florida (2002-2003), then at the Faculty of Management of the Istanbul Technical University (2003-2007) where she was awarded with the Outstanding Ph.D. Award of the Turkish Educational Foundation (2007). After 3 years of mid-managerial experience in the ICT sector, she joined the academia. She has taught Organization Theory, IMC, Advertising Management, Consumer Behavior, eBusiness, Information and Communication Technologies (ICT) Management, International Marketing, Marketing Management, Principles of Marketing, Sales Management, Operations and Services Management and Web Site Management courses at University of South Florida, Yeditepe University, Istanbul Bilgi University, adschoolistanbul, Sabanci University, Ozyegin University, and Lancaster University. She renders occasional executive education and consultancy services to various institutions including Goldman Sachs’ 10 000 Women, Vestel, Mazda, Mapfre, ACEV (the Mother Child Education Foundation), and INGBank. Sabancı University (2006-2008), Ozyegin University (2008-2010), and K.U.Leuven (2010) have hosted her Post-Doc Research activities. Her research has been awarded funding from Istanbul Metropolitan Municipality, Istanbul Chamber of Commerce and TUBITAK (The Scientific and Technological Research Council of Turkey) and received Encouragement Award from TUBA (The Turkish Academy of Sciences) and Sabanci University. Her work has been listed among the All Time Hits of the SSRN (Social Sciences Research Network). Professor Öztürkcan’s work has appeared as book chapters and case studies in books published by Cengage, Edward Elgar, Istanbul Chamber of Commerce and McGraw-Hill. She has published at ITU journal and Journal of Retailing and Consumer Services. She serves on the scientific board for the AVM Gazette, where she also authors practitioner oriented articles. She gives seminars at the Marketingİst. Business oriented magazines such as Newsweek Turkey intermittently quotes her evaluations and opinions for issues related with her research.