Approved in UUV-case 76/11 Valid from 2011-12 Last updated in UUV-case 57/13 Course Description RMØ1100 Relationship Marketing 1. 2. 3. 4. 5. 6. Degree Semester Credits Course instructor Contact hours Learning outcome Bachelor of Marketing and Sales Management 1st semester 7.5 Lecturer Erik Mehl 36 hours Knowledge In general, the course aims to provide students with knowledge of central concepts and theories of relationship marketing (RM). Furthermore, it aims to provide students with an understanding of the concepts relational- and network-related thinking. Students will gain comprehensive insight into the various types of relations between different players /stakeholders in the market, and how these interact and influence each other. The course will also provide students with an understanding of the relationship between customer loyalty and profitability, as well as the importance of the incorporation and implementation of CRM strategy at all levels of an organization. Skills Upon completion of the course the student is able to: Map out a company’s key relationship partners (employees, suppliers, customers, etc.) and develop a stakeholder / actor strategy Contribute to developing and implementing a CRM strategy Apply critical RM principles and models to increase an organization’s competitive advantage General competence A central aspect of the course is the point of intersection between creating loyal customers through relationship marketing, and the interaction between the different players and stakeholders in the market viewed from a strategic perspective. The student will gain general competence and understanding in these key areas. 7. Course content The course consists of three main parts: The first part deals with the concept of relationship marketing versus traditional marketing, and it relates also to the course Marketing which is taught in parallel with Relationship Marketing. A key goal is to understand both the similarities and distinctive features of relationship marketing compared to RMØ1100 Relationship Management . Page 1 of 3 Approved in UUV-case 76/11 Valid from 2011-12 Last updated in UUV-case 57/13 classical marketing. Emphasis is placed on an understanding of the basic term relationship, and on providing a thorough overview of relationship processes. Moreover, the usefulness of relationships for an organization both financially and strategically is focused on. The second part focuses on the value-creating network which an organization is a part of. Key relational partners, including customers, employees, suppliers, etc., are included in a network context, where the target is increased competitiveness and sustainable competitive advantages. The last part of the course focuses on the managerial aspects of relationship marketing and CRM, as well as management systems and behavioural patterns. 8. Method of instruction The course includes lectures and discussions, case studies, group presentations and individual presentations. Students are expected to expend considerable effort. 9. Liaison with society and business In order to build an even closer relationship between trade and business and academia, beyond the academic and work-related skills lecturers already possess, the course will include the following: - Guest speakers from business and industry - Relevant business cases The group examination is designed so that students proactively make contact with various companies. 10. Assessment Home examination / project (2-12 weeks) in groups of 2-3 students, which counts 40 % of the final course grade. All examination aids allowed. Written individual three-hour final examination, which counts 60 % of the final course grade. No examination aids allowed. 11. Required reading Christopher, Martin, Adrian Payne and David Ballantyne. 2002. Relationship Marketing: Creating Stakeholder Value. Oxford: Butterworth-Heinemann. ISBN: 9780750648394. Pages: 242. Price: NOK 369. A compendium for RMØ1100 Relationship Marketing is sold at Norli, Kirkegata, and contains: Brink, Annieke and Adele Berndt, ed. 2008. ”Planning a CRM strategy.” In Relationship Marketing and Customer Relationship Management, 174-198. Lansdowne, South Africa: Juta & Company. ISBN: 9780702177392. RMØ1100 Relationship Management . Page 2 of 3 Approved in UUV-case 76/11 Valid from 2011-12 Last updated in UUV-case 57/13 12. Recommended reading Brink, Annieke and Adele Berndt, ed. 2008. Relationship Marketing and Customer Relationship Management. Lansdowne, South Africa: Juta & Company. ISBN: 9780702177392. Chapters 1-9. Foss, Bryan, Merlin Stone and Yuksel Ekinci. 2008. “What makes for CRM system success – Or failure?” Journal of Database Marketing & Customer Strategy Management, 15(2):68-78. Business Source Premier (33138057). [Available to students and employees of Oslo School of Management via Ebsco: http://search.ebscohost.com/login.aspx?direct=true&db= buh&AN=33138057&site=ehost-live&scope=site] Peelen, Ed, Kees van Montfort, Rob Beltman and Arnoud Klerkx. 2009. “An empirical study into the foundations of CRM success.” Journal of Strategic Marketing, 17(6):453–471. Business Source Premier (46776927). [Available to students and employees of Oslo School of Management via Ebsco: http://search.ebscohost.com/login.aspx?direct=true&db=b uh&AN=46776927&site=ehost-live&scope=site] RMØ1100 Relationship Management . Page 3 of 3