Carnegie Mellon University, Heinz College Principles of Marketing (94-707) Meets T/TH Session A 3:00-4:20 - Location HBH 1001 Session B 4:30 - 5:50 - Location HBH 1001 Professor: Ari Lightman Office Location: HBH 2107c Office Hours T, W, TH by apt. - e-mail: aligh@andrew.cmu.edu Teaching Assistant: Rachel Hite Course Description Marketing as a science and as a profession is changing rapidly. Organizations are beginning to see the value in bringing different departments into strategic marketing and implementation. This is especially relevant with the challenge of understanding and analyzing data on customers, product offerings, and channels. Today, marketing is to some extent defined outside the traditional marketing department, so how can the next generation of marketers address this challenge? This course provides an overview of marketing concepts focusing on definitions, mechanics, and practices. We will cover the basics of marketing but also delve into marketing’s role within various departments across the enterprise including supply chain logistics, sales force automation and public relations. We will touch upon some of the other offerings provided at the Heinz College and Carnegie Mellon focused on specific marketing channels and processes. This course is a prerequisite for students who wish to take 93-821 Arts Marketing and Public Relations and recommended for any advanced marketing classes. Course Objectives • • • • • Understand the elements of marketing products and services Assess and compare marketing campaigns based on different attributes Apply knowledge in developing a strategic marketing plan Exhibit ability to break down a marketing program by process Describe current changes to marketing brought on by new technologies Required Text There is no required text for this class. A suggested free online resource is “Principles of Marketing” by Jeff Tanner and Mary Anne Raymond. Attendance and Participation This class is geared around class discussion and participation. In order to participate, students need to be present, so attendance is required. Excuses will always come up but they need to be communicated to the professor and associated TA ahead of time. Participation includes active involvement in discussion, presenting materials to the class, and sharing experiences around the subject of marketing. Submitting Assignments Students are required to submit their assignment (individual and team) through Blackboard (BB) the day before the assignment is due. Students have until midnight to submit their assignments. Files are required to be submitted in Portable Document Format (PDF) and named in this manner: firstname_lastname_or team #_section_assignment#.pdf (example: ari_lightman_A3_HW1.pdf). Evaluations Grades will comprise individual as well as team based effort: Individual Class Participation Assignments Quiz 10% 15% 15% Case #1 Final Exam Team* 15% 45% *Note: Your team grade will reflect your individual contribution. Each team will be asked to evaluate team members. Evaluations can either bring up or down your team grade and are an essential part of teamwork. This is used to factor out free ridership within teams Assignments: Individual assignments are available on Blackboard. Assignments should be one page (double-spaced, 12-point font, 1 inch margins). Appendices can be used to support your analysis. Class Participation: This is inherently a subjective assessment but will take the following factors into account: • Preparation, especially around assigned readings • Ability to coherently present arguments and contribute to a discussion • Ability to share information based on previous experience Cases: Your case analysis grade is based on a 3-4-page write-up (double-spaced, 12-point font, 1 inch margins). Your team will have an option to analyze and write up one of two cases. Your write-up should address the issues raised in the case narrative and associated discussion questions. However, you are encouraged to go beyond the set of questions that I give you to seed the discussion and to use additional resources to research possible outcomes. Cases will be discussed in class during the next available lecture period. (Note: Please make sure you read both cases) Final Exam: The final exam will consist of groups submitting a strategic marketing plan for a division of a well-known company. The teams should divide into roles and focus on specific elements of bringing a new or revised product to market. Close attention will be paid to comments, ability to build on, and respond to conversation around a particular issue. Instructions for each assignment and case analysis will be posted to Blackboard and the rubric will be provided in class. Assignments and case analysis are due on the dates stipulated by the instructor on the syllabus or in class. They will not be accepted past the due date and time unless a religious observance or a documented medical condition prevents on-time submission and the student has consulted with the instructor in advance for approval of an alternate deadline. Academic Conduct Students are subject to Carnegie Mellon University’s policies on academic integrity. Plagiarism is a serious offense and can result in failing the course and other disciplinary action. Plagiarism includes, but is not limited to: • Presenting another writer’s work as your own; • Cutting and pasting content verbatim without using quotation marks to indicate a direct quote or paraphrasing content without citing the source in-text using parenthetical references, footnotes, or endnotes in addition to listing each source on the Works Cited, References, or Notes page in a manner consistent with the format detailed in an approved style guide; • Providing incomplete or incorrect information about the source cited. Schedule of Classes and Assignments Date 9/1 9/3 9/8 9/10 9/15 9/17 9/22 Topic Reading Assignment Introduction, Team Formation What is Marketing? Strategic Planning Tom’s of Maine Creating/Managing Gannett Digital Offerings Consumer Behavior VideoMining Ind HW #1 Market Segment Pew Research + Quiz on Millennials Targeting and Positioning Marketing Nissan Ind HW #2 Channels Date 9/ 24 9/29 10/1 10/6 10/8 10/13 10/15 Topic Reading Assignment Research and Big Data Intelligence Pricing, Supply Economist Ind HW #3 Chains Guest Presenter: Rebecca Granne, VP Global Corporate Branding and Consumer Solutions at Mylan Pharmaceuticals Advertising & Smithsonian Case Assignment Selling Non-Profit Marketing Transformation Marketing (BB) Customer Aiming to build cust. Loyalty… Quiz Engagement & Digital Marketing Digital Marketing Mastering Dig. Marketing con’t Class schedule and assignments are subject to change. Important Dates: • • • 9/4 – Last day to Add/Drop for Mini I 10/1 – Guest Presenter 10/23 – Strategic Marketing Plans and Team Evaluations (COB) Resources for Final Project • • • • • CMU Library Databases Advertising Age: Complete access to AdAge magazine articles online Consumer Reports: Rates consumer products and reports on consumer surveys IBIS World: In-depth industry market research reports with analysis, data, conditions, segmentation, market share, primary companies, and outlook for over 700 industries in the US. MarketLine: Profiles of companies, industries, and countries, often containing SWOT and 5 forces analysis; also covers M&A and financial deal activity, and market data on a number of consumer products.