SYLLABUS Fall 2011 MKT 3000 MARKETING FOUNDATIONS Zicklin School of Business Baruch College, CUNY Department of Marketing and International Business Course: MKT 3000 Section: EMW Classroom: 23-1323 Hours: M &W 2:30-3:45 p.m. Instructor: Prof. Mahima Hada Office: Room 11-289 Newman Vertical Campus Phone: 203 – 364 - HADA E-mail: mahima.hada@baruch.cuny.edu Office Hours: M & W: 1:00 – 2:00 p.m. and by appointment REQUIRED TEXT Marketing, Dhruv Grewal and Michael Levy, Mc-Graw-Hill Irwin, 3rd edition COURSE OBJECTIVES This course is designed to introduce business students to the fundamental concepts and principles of marketing. The knowledge you gain in this course should help you understand how wellthought out and carefully implemented marketing strategies can help businesses succeed in a competitive environment. This understanding and three skills you will have to practice in this course (i.e., analytical, oral and written communication) will make you a more valuable employee whether you choose a career in marketing or in other fields. For students majoring in marketing, this course will provide the foundations for more advanced courses and work experience. For students majoring in other disciplines, this course will help you understand how marketing impacts your functional area and will familiarize you with the mindsets of marketers with whom you will interact professionally. At a more personal level, this course will help you become a “better” and more “responsible” consumer. Understanding basic marketing theories and practices, you will be able to make more informed purchasing decisions. You will be able to identify unethical marketing practices and know how to discourage such acts in the market place. 1 LEARNING GOALS: Upon successful completion of this course, you will be able to: Content-related Outcomes: Explain the role of marketing in business Explain how marketing puts customers at the center of their thinking in its quest for profitability Identify the important role of research in the marketing process Identify basic marketing principles and describe their underlying rationale. Differentiate segmentation, target marketing, positioning and basic strategies in product, promotion, pricing, and place areas. Cognitive and Application Related Outcomes: Identify and analyze marketing problems; develop creative solutions to address them; articulate reasons for choosing various solutions Understand that there are rarely clear-cut situations in marketing; make sound assumptions in dealing with uncertainties Make effective oral presentations to persuade a target audience Develop a coherent marketing plan for a product and provide sound rationale for chosen strategies Using simple marketing concepts, observation, and reasoning, construct basic marketing principles Become participating and effective member of a team The above are consistent with Baruch’s BBA learning goals which are: Analytical and Technological Skills: Students will possess the quantitative, technological, analytical, and critical thinking skills to evaluate issues faced in business and professional careers. Communication Skills- written: Students will have the necessary written communication skills to convey ideas and information effectively and persuasively. Communication Skills- oral: Students will have the necessary oral communication skills to convey ideas and information effectively and persuasively. Civic Awareness and Ethical Decision Making: Students will have the knowledge base and analytical skill to guide them when faced with ethical dilemmas in business. Students will have an awareness of political, civic and public policy issues affecting business. Global Awareness: Students will know how differences in perspectives and cultures affect business practices around the world. General Education: Students will acquire a foundation in the sciences, arts, and the social sciences. Business Knowledge/Integrative Abilities: Students will have knowledge of the basic disciplines in business management, and be able to apply and integrate that knowledge effectively in problem specification and problem solving. Proficiency in a Single Discipline: Students will possess a deep understanding of, and intellectual competence in, at least one business discipline. 2 Learning methods will include article discussions, class exercises, student presentations and evaluations, written assignments, and short lectures by the instructor. COURSE REQUIREMENTS REQUIREMENT Exams Mid Term Exam Final Exam Marketing Plan (Group) Executive Summary Presentation Assignments (Group) In-Class Assignment I In-Class Assignment II Attendance Research Participation (subject pool requirement) WEIGHT (%) 25% 25% 10% 20% 5% 5% 5% 5% In order to succeed in this course: 1) Read assigned material prior to class in which it will be discussed. 2) Attend class regularly. Class discussions will give you opportunity to apply concepts discussed in the text. Class activities will give you a deeper understanding of the material and sharpen your analytical, problem solving, and reasoning skills. 3) Ask questions and participate in class discussions and activities. 4) Apply the marketing concepts we discuss in your every day life. For example, think about the reasons you buy certain brands of sneakers and not others. Think about why the brands you know of are priced the way they are. Think about who the product is intended for and why, when you watch commercials. Exams (50%): Mid-term exam will be held in class and will cover topics discussed till date. Final exam covers topics discussed after the mid-term exam. Multiple choice questions will be application oriented. Marketing Plan Assignment (Group Project) (30%) This semester you will work in groups of five and develop a marketing plan for a product. You may choose to work on a new product/brand/business of your choice or use an existing relatively weaker product - which you believe can be improved by a new marketing plan. You can also select an existing product and work on its global expansion in your marketing plan. I am giving 3 you the flexibility to choose your own project, but if you have hard time finding what you want to work on I can assign you a project. The group project will consist of a written executive summary (10%) and a presentation (20%) Executive Summary. An executive summary can make or break your case with the reader of the plan. It tells the reader – in brief – the purpose of your marketing plan (why are you writing a plan; e.g., to launch a new product, to modify an exisitng one etc.), the challenges (e.g., changing customers, new compeititors), and your proposed actions. The executive summary should be one page long (single-spaced). Presentation. Your marketing plan class presentation should include the following: 1) Product Description 2) SWOT analysis for the product 3) Target market, segmentaiton and positioning of the your chosen product 4) Marketing Mix Strategy (Product, Price, Distribution, Promotion) and your justification for the chosen strategies. Everyone in the group needs to participate in the presentation. Each group will have 15 minutes for presentation. Criteria that I will use to assess oral presentations of marketing plans are listed on page 9-10 of this syllabus. Note: due dates for all deliverables for the marketing plan are given in the course outline. In-Class Assignments (Group) (10%) Two in-class assignments will be held, the tentative schedule is given in the course outline. The purpose of each lab is to apply and test your understanding of frameworks and strategies presented in class. I will divide students into teams of about three to five, and present them with a problem/situation for analysis. Each group will turn in a concise, written report at the end of class. Late submissions: The total points of your assignment will reduce by 25% each day the assignment is late. Therefore, if you submit the assignment five days late, you will not get a grade for it. Research Participation (subject pool assignment): Please read the document in the Appendix and follow the instructions to qualify for the five points! 4 TENTATIVE COURSE OUTLINE Session and Date Topic 1 - Aug 29 Class orientation, overview of the course 2 – Aug 31 Chapter 1: Marketing 3 – Sep 7 Chapter 2: Marketing Strategy 4 – Sep 12 Chapter 2: Marketing Plan 5 – Sep 14 Chapter 3: Marketing Ethics 6 – Sep 19 Chapter 4: Environment 7 – Sep 21 Chapter 5: Consumer Behavior 8 – Sep 26 Chapter 6: B-to-B Marketing 9 – Oct 3 10 – Oct 5 Chapter 8: Segmentation, Targeting and Positioning In-Class Assignment I (approximate date) 11 – Oct 12 Chapter 9: Marketing Research 12 – Oct 17 13 – Oct 19 Chapter 9: Marketing Research (contd.) Review Session (for Mid-term) MID-TERM EXAM 14 – Oct 24 Chapters 10-11: Product Strategy 15 – Oct 26 Chapters 10-11: Product Strategy (contd.) 16 – Oct 31 Marketing Plan Group meeting (in class) 17 – Nov 2 Chapter 13-14: Pricing 18 – Nov 7 Chapter 13-14: Pricing (contd.) 19 – Nov 9 Chapter 15-16: Channels 20 – Nov 14 Chapter 15-16: Channels (contd) 21 – Nov 16 Chapter 17-18-19: Integrated Marketing Communications 22 – Nov 21 Chapter 17-18-19: Integrated Marketing Communications 23 – Nov 23 In-class Assignment (II) 24 – Nov 28 Marketing Plan Group meeting; preparation for presentations (in class) 25 – Nov 30 Marketing Plan presentations 26 – Nov 30 Marketing Plan presentations 27 – Nov 30 Marketing Plan presentations 28 – Nov 30 Marketing Plan presentations and class wrap-up. Additional Deliverables (if any) Group Assignments for Marketing Plan. Start and finish In-class assignment I Progress on Marketing Plan: Chosen product, market and segmentation stratgey Start and finish in-class assignment II ALL Groups: Marketing Plan Executive Summary and Presentations due BEFORE CLASS. 5 CLASS ETIQUETTE: Pay attention. No use of laptops (except during pre-specified group activities), smartphones or tablet devices. Cheating and Plagiarism: Cheating and plagiarism are serious offenses. The following definitions are based on the College’s Academic Honesty website: Cheating is the attempted or unauthorized use of materials, information, notes, study aids, devices or communication during an academic exercise. Examples include but are not limited to: Copying from another student during an examination or allowing another to copy your work Unauthorized collaborating on a take home assignment or examination Using unauthorized notes during a closed book examination Using unauthorized electronic devices during an examination Taking an examination for another student Asking or allowing another student to take an examination for you Changing a corrected exam and returning it for more credit Submitting substantial portions of the same paper to two classes without consulting the second instructor Preparing answers or writing notes in a blue book (exam booklet) before an examination Allowing others to research and write assigned papers including the use of commercial term paper services Signing for another student on the attendance sheet Plagiarism is the act of presenting another person’s ideas, research or writing as your own: Copying another person’s actual words without the use of quotation marks and footnotes (a functional limit is four or more words taken from the work of another) Presenting another person’s ideas or theories in your own words without acknowledging them. Using information that is not considered common knowledge without acknowledging the source. Failure to acknowledge collaborators on homework and laboratory assignment My policy is to give a failing grade to any assignment that has been plagiarized or an exam in which you have cheated. If I catch a person cheating on the attendance sheet my policy is to give a zero to the cheating student for his/her attendance grade. In addition, I am required by College policy to submit a report of suspected academic dishonesty to the Office of the Dean of Students. This report becomes part of your permanent file. 6 Students with Disabilities: Students with disabilities may receive assistance and accommodation of various sorts to enable them to participate fully in courses at Baruch. To establish the accommodations appropriate for each student, please alert me to your needs and contact the Office of Services for Students with Disabilities, part of the Division of Student Development and Counseling. For more information contact Ms. Barbara Sirois, Director of this office in NVC 2-271 or at (646) 312-4590. Blackboard Website This course will have a Blackboard website. Please check this website regularly - I will post all messages to class on the Blackboard website. The website will show assignments, article readings, discussion questions, cases, etc. so get in the habit of visiting Blackboard regularly and frequently. I have prepared this syllabus to be as complete and thorough as possible. However, there may still be some changes as the semester progresses. Any changes to this syllabus will posted on Blackboard. ***Please prepare your own home page and post it on blackboard by the second week of the semester. The instructions are provided at the end of this syllabus. 7 Research Participation Requirement (Marketing Subject Pool) For information: http://baruchmarketing.info/subpool/Students Email: subjectpool@baruch.cuny.edu As a MKT 3000 student you are eligible to join the Marketing Department’s “Subject Pool”. Students in the Subject Pool participate in research studies conducted by Marketing faculty and PhD students, and can earn up to 5% course credit for participating in 2 research studies, each up to 60 minutes long (a study that is less than 60 minutes still counts as a full 60-minute study). Research studies often involve filling out one or more questionnaires and completing tasks such as viewing advertisements or product descriptions, or listening to audio material. Participation in these studies is voluntary. If you choose not to participate in the research studies, you can still get the 5% course credit by completing a written assignment. The assignment involves reading a case study and submitting a 3-page (typed) report on it. How to get credit a) You can get the 5% course credit by participating in two research studies, each taking up to 60 minutes, OR by completing a 3-page written assignment. b) Your instructor will not know whether you participated in the two research studies or submitted a written assignment. c) Course credit for a research study will only be given if you sign up online in advance. “Walk-ins” are NOT permitted. See “How to sign up for studies” below. d) Research studies will be scheduled throughout the semester after the first 3 to 4 weeks of classes. You will be informed when studies are scheduled. e) For the written assignment, you can sign up anytime during the semester (see “How to sign up for a written assignment” below), but you must submit it within 2 weeks of signing up, and before the last day of class. f) When you complete a study, you will get a “receipt for participation” from the researcher. Please keep this receipt with you until you have received credit for the study (see “How to check if you got credit” below). How to sign up for studies Go to http://baruchmarketing.info/subpool/Students/signup.asp IMPORTANT: when signing up for studies, you must use the same ID number(the last 8 digits of your CUNY ID number) each time. This will ensure that you get the proper credit. How to sign up for a written assignment Go to http://baruchmarketing.info/subpool/Students/signupc1.asp How to check if you got credit Credit is usually posted within 2 weeks of completing a study. To check if you received credit, go to http://baruchmarketing.info/subpool/Students/ckcred1.asp What to do if you did not get credit If you did not get credit within 2 weeks of completing the study, please emailsubjectpool@baruch.cuny.edu and explain the problem. Make sure to provide information about the study you participated in (Study Code, date and time). 8 How to Create your own Home Page in Blackboard* The main purpose of this homepage is to allow your professor and your classmates to get to know you better. Please use a professional writing style and include only relevant information. In the Tools area in Blackboard, you will find the button “Create your Homepage.” Fill out all the sections according to the following instructions: In the Personal Information box, provide information that will help us get to know you. Write about things that you think your peers and your professor might want to know. You must upload a picture of yourself. The purpose of the picture is to link your face to your name. Please do not use a group photo where it is hard to tell who you are. You can use any picture you want, as long as it clearly shows your face. The optimal size of the picture is about 150 x 150 pixels (you can resize it with any photo program) and it should be saved as a jpeg file. Click Submit at the bottom of the screen to save what you have written. (If you forget to click Submit, everything you wrote will be lost!) To view someone else's Home Page, click the Roster & E-Mail button on the left side of the screen, click Roster, and click Search. Then click the name of the person whose Home Page you want to view. *instructions are prepared by Prof. R.B-Fic 9