Baruch College – CUNY Zicklin School of Business Department of Marketing and International Business MARKETING 3000H – XZ13H MARKETING FOUNDATIONS Fall, 2010 (Revised 10/5/10) Instructor: Barry Soloff Monday and Wednesday, 4:10-5:25 (except as noted) Room VC 11165– Vertical Campus Office: B12-210-K (cubicle) Phone: 646-312-3308 (group voicemail) Phone 212 288-3478 (Cell) Email: barry.soloff@baruch.cuny.edu Office Hours: Monday and Wednesday 5:30:-6:15 and by appointment Course Objectives The course is designed to introduce you to the fundamental concepts and principles of marketing and branding, the discipline of which is both a process and set of activities…part science and part art. By the end of course you should have a good idea of what marketing is, what are typical marketing activities and how marketers think. Just as importantly, you will be exposed to how consumers think, because the essence of good marketing is delivering to consumers the products and services they want to buy in the way they want to buy them and making sure they remain your customers. For marketing majors, the course will provide the fundamental building blocks for more advanced study. For all business majors, the course will help you understand what marketing is, how it works, how it might impact you and the importance of brands. And for all students, this course will shed some light on what marketers do, how they operate and how they behave in the marketplace. At a minimum, everyone taking this course will have a much better understanding of how they are (or are not) being marketed by brands to in their day to day lives. Key Learning Outcomes By the end of the course you should be able to: Appreciate and understand the role of marketing in business Appreciate the importance and pervasiveness of brands in todays world Understand the role of the consumer and consumer behavior in marketing Know basic marketing principles and their underlying rationale Be able to address marketing problems in real-life situations Feel confident that you could create a marketing plan when called upon to do so Understand what a Marketing/Communications plan is and how it works Be comfortable working as part of a marketing team Learning methods will include case and article discussions, interactive class exercises, student presentations and evaluations and written assignments. Teachers open the door, but you must enter by yourself! (Chinese proverb) You cannot teach human beings anything, all you can do is help them to learn! (Galileo) Required Text: M Marketing by Dhruw Grewal and Michael Levy, McGraw-Hill Irwin, Second Edition Traditional text (ISBN: 0077386434) Available via bookstore Traditional printed textbook packaged with ConnectPlus access at no additional charge: (ISBN: 0077399013) Available via bookstore ConnectPlus: Access to Connect assignments plus an integrated, searchable eBook (no print book): ISBN (access card): 0077373855 Through Connect, you gain access to assignments, interactive exercises, videos, quizzes, ebook, and tests with Connect. Your text may already be bundled with an access card in your bookstore, or purchase online by accessing your instructor‟s Connect course at the URL you were given http://connect.mcgraw-hill.com/class/ (Register there with your access code ISBN: 0077373855 (includes ebook) ISBN: 0077373820 (no ebook) or buy access online) Course Requirements In order to succeed in this course, you will need to: 1) 2) 3) 4) 5) Read and understand the assigned material Attend and participate in class Think about what you are learning Complete the assignments as discussed in syllabus Understand how marketing is different from other areas of business…not black and white Grading Policy Baruch is the most ethnically diverse college in the world and your diverse views are critical for this class„s success. Absences, late arrivals or early departures will be reflected in your class participation grade. Each student is permitted only two absences. Five points will be deducted to each additional absence. If you miss more than three classes “including” the allowed absences, please speak with me immediately. For all written and oral assignments, the key criteria is understanding of the material, ability to absorb the background and identify the key issues and questions in a clear, concise and thorough manner. Emphasis is placed on the student‟s ability to summarize the key points and present them in as succinct a manner as possible to replicate the reality of marketing. In addition, the students will be judged on their ability to present and discuss the materials assigned and participate in class discussion. Your grade will be allocated as follows: Class Exercises and Participation Advertising Summary Mid-term Exam Written Case Analysis Research Participation Group Project/Marketing Plan Presentation 20% 5% 10% 15% 5% 45% Advertising Summary: You will be asked to discuss a currently running mass advertising/marketing communications advertisement or campaign that you think is ineffective/ doesn‟t work/does a bad job for the brand. Or you just don‟t like it. In a 2-3 page paper you will 1) explain why you dislike the advertisement/campaign and feel it doesn‟t work and 2) answer the questions below. This assignment will be due at class 13 1) What is the target audience they are trying to reach? 2) How is the product positioned in the marketplace? 3)What is the key message/benefits they are trying to convey 4) Is the message/key benefit rational, emotional or both (a key message or benefit is what is unique about the brand and what it does for consumers) 5) What is the reason why they are supporting the key message/benefit (could be rational or emotional as long as it supports the key/message benefit) 6) What is the brand character/personality/tonality of the brand as if it were a person) 7) What elements of marketing would you like to change if you were marketing manager and provide brief reasons why? Written Case Analysis For each of the two cases (Case/Exam Class 16 and homework case Class 19), you submit for grading, you will prepare a written analysis in short bullet point format in answer to the assignment questions posted on blackboard plus attachments as deemed appropriate by the student. This analysis consists of two parts; 1) addressing the background, key issues and key insights of each case (See Blackboard under Course Documents for definition and explanation of what these terms mean) and 2) specific questions for each case. Please note that ideally, the analyses should be no more than 3-4 pages (arial – 12 pt – single spacing) excluding appendices. Points will be deducted for papers longer than four pages. Cases submitted for grading must be turned in electronically to my email address (barry.soloff@baruch.cuny.edu) prior to the beginning of the class on the day the paper is due. If, as is customary, more than one solution appears reasonable, you should choose the one which, all factors considered, offers the fewest disadvantages and the greatest strength. Make sure that your arguments are based on the facts in the case and on logical and clear-cut reasoning/assumptions which are explicitly stated in your analysis. Group Project (Integrated Marketing Communications Plan & Campaign) The objective is to provide practical experience on the basics of developing an integrated marketing communications campaign and working in groups The emphasis is on analysis, assessment, conducting consumer research, developing a strategy document, selecting the appropriate media and marketing vehicles and preparing creative material. Budgeting will not be part of the project. Students will form teams of four students and inform the professor prior to the 7th class via email. Your project consists of preparing and presenting an integrated marketing communications campaign. The presentation of each project will take place during the last four class sessions and will follow the integrated marketing communications plan format posted on Blackboard. Please note all presentations are due on 12/1 regardless of when the groups are scheduled for their actual presentation. Groups must select a global brand (could be a product or a service) that they feel is doing a poor and ineffective job in their current integrated marketing communications efforts. It could be a brand that is declining in sales and share and is “in trouble” as they say. Or it could be a campaign that you think is ineffective or just don‟t like and think that you could do better. Your job is essentially is to show how you can improve their current marketing communications plan campaign. Please note that the focus is on their marketing communications and not overall marketing. The grading of the group project will be as follows: 1. Why brand selected memo (05%) 2. Research Memo (15%) 3. Conference Reports (10%) 4. Milestone (10%) 5. Presentation (45%) 6. Individual Memo (15%) Specifically, the assignment consists of the following elements and specific assignments. Please note that a detailed outline of the overall group project format can be found within the course document section within Blackboard. There is also an excellent action plan format to keep the team on track and appraised of who is working on what developed by one of last semester‟s teams. You and your group will work on the assignment throughout the semester. The plan should include the following elements: 1) Company and Product Description (Brief description of the company, the brand and the segment in which it competes and the current sales and marketing situation) 2) Brand Research Research (What you know/want to know and understand about your consumer – This includes secondary research in addition to primary research you will conduct on your brand) You want to identify factors that motivate purchase behavior (Who is using your brand, how do they think, why are they using it). As part of this research you should conduct both brand/product as well as copy/creative research to determine the optimal message.) 3) SWOT Analysis (Make sure you consider and mention if relevant such factors such as the category size and segments, trends, usage and user profile, purchase and buying decisions, current marketing campaign and competition 4) Mission Statement (Include sustainable competitive advantage) 5) Marketing Objectives 6) Target Market & Positioning 7) Marketing Mix Strategy (four key factors: Product, price, promotion and place based on what you believe the target will value) 8) Marketing Communications Strategy (This includes background/top line summary of SWOT analysis, key learning from research, target audience/segments, positioning statement, consumer benefits,. reason why and brand tone/personality 9) Marketing Communication Campaign (This is the creative campaign based on the marketing communications strategy). It should include a creative idea with examples of ads and other promotional materials you would use. You need to use at least 2 examples of mass media and two examples from new media/social networkprovide at least 2 executions for each medium. That is, if you decide to use radio and TV, you need to include 2 radio ads and 2 TV ads (or storyboards). The campaign should also include three specific events such as a consumer promotion, sponsorship/branded content, and public Relations. Be sure to describe the objectives and the event itself and develop a key visual with copy for each event. 1. Why Chosen Group Memo: The choice of brand and key reasons why this particular brand‟s marketing communications was chosen to improve should be submitted prior to the 11th class in written memo format to me (one page maximum). In addition, someone from the group should be prepared to give a two to three minute presentation of the brand selected and state why it was chosen and what they hope to accomplish. 2. Conference reports: The group will be required to submit three conference reports during sessions 12,16,20 and 23. These reports should be one to two pages double-spaced (Arial typeface 12). They each should summarize a key meetings/discussion of the group.). Format can be found on Blackboard/Assignments. 3. Research Group Memo: A two to three page written memo in bullet point format (Arial typeface 12) to me by class 25 of both the product/brand and creative research you conducted to show that your findings were reliable and valid. Format can be found on Blackboard/Assignments. This consists of four sections: a) Objectives/what you hoped to gain b) Design/what type (survey, interviews, focus groups) did you use and why c) Methodology/Describe participants and why you choose them, how did you find respondents and conduct research and what materials (survey, questions, topics, etc.). Materials of questionnaire should be an attachment to the memo. d) Summary of findings. Limit yourself to eight to ten key points presented in bullet form 4. Presentation: These presentations will be 35-40 minutes in length and will be made on the last four days of class. The presentation will follow the format found on Blackboard in the form of a power point presentation including the communications strategy accompanied by creative materials/examples as appropriate. The presentation will be evaluated by a combination of their peers joined by some people from the advertising & media industry. The criteria will be strategic and executional in nature. Please note that all presentations must be submitted either electronically or on a disk/flash drive by the 26th class regardless of whether your group is scheduled to present. This will ensure an even playing field for all groups. Actual creative material samples can be submitted immediately after the presentation. A copy (or CDRom) of the power point presentation should be presented the day of the presentation. 5. Individual Memo: Each INDIVIDUAL will also hand in a one to two page written memo Also found on Blackboard in Assignment section) to me in bullet point format addressing the following areas: - Why should the company owing the brand you selected accept your recommendation? - What did you learn personally from this group project? - What was your role and in the project - What would you say was your major contribution? - What would you do differently the next time you do a project like this? - Any suggestions as to how the group project could be improved with reasons why 6. Milestones These are basically short written summaries of where you are in the project and should be submitted to me in writing prior to the class they are due. The first milestone is a summary of sections 1-5. It will be due at session 15 The second milestone is a summary of sections 6-8. It will be due at session 22 Please work hard on the summaries for the milestones, because that will be my opportunity to provide you with the feedback you will need for a superior finished product. The more effort you put into the milestone reports, the better the final product will be. 7. Marketing Plans Presentation The final marketing/marketing communications plan presentation will be a 30 minute oral report utilizing Power Point charts which should include contributions from all team members. Wherever possible, use bullet points vs. prose. Each group will be required to turn in the PPT presentation on the day of your presentation. Baruch College, Zicklin School of Business, Foundations of Marketing MKT3000H XZ13H Fall 2010 Class Schedule (Subject to Change) Revised 10/05/10 Class/Date Topics Required Readings /Articles Homework Assignment 1 (8/30) Orientation and course overview Chap 1 2 (9/1) Marketing Overview 3 (9/13) No class 9/6-8 Marketing Plans Chap 2 4 (9/15) Analyzing the Environment Chap 4 5 (9/20) Market Research Chap 9 6 (9/22) Consumer Behavior Chap 5 7 (9/27) Research/Consumer Required Readings Behavior Cont‟d /Articles Form teams for group project and forward to professor 8 (9/29) Segmentation and Targeting Chap 8 *Go to supermarket and analyze the Cereals section of the store. Identify the various segments, products within the segments, who they are targeting and how they are positioned. 9 (10/4) Segmentation Cont'd Required Readings /Articles 10 (10/6) Branding Chap 10 *Pick two best/most effective and two worst/most ineffective examples of branding/slogans and be prepared to talk about why you selected them). 11 (10/13) Branding Cont'd Required Readings /Articles Group Project /Why Chosen Memo and presentation in class 12 (10/18) Positioning Required Readings /Articles Ad Summary due 13 10/20 Integrated Marketing Ch 17 Communications Student information Sheet due Six Steps of Purchase Decision exercise *Conduct an mock interview (see Blackboard for format) with a friend/relative/stranger on a mass consumption product. *Conference Report 1 due *Pick 2 food or Health and Beauty brands you use regularly and be prepared to explain what you perceive as the benefits and fundamental reasons (physical, rational) for consuming them. 14 10/25 Advertising & Marketing Communications Ch 18 (Pages 334353) Milestone 1 15 10/27 Advertising & Marketing Communications Required Readings /Articles *Select two brands you have an emotional attachment to and come prepared to discuss what that attachment is and why it motivates you to use this brand vs. competition) 16 (11/1) Case/Exam In-Class Case Exam 17 (11/3) Marketing Mix/Media Required Readings /Articles *Conference Report 2 due *Be prepared to discuss strengths and weaknesses of TV, Cinema, Radio, Magazines and Outdoor) 18 (11/8) Promotion and PR Chap 18 (353-359) Required Readings /Articles * Write a press release based on an event for a restaurant or bar and be prepared to present it in class to a classmate. (See Blackboard for examples) 19 (11/10) Personal Selling & Sales Management Ch 19 Written Case Analysis 2 due 20 (11/15) New Products Chap 11 *Think of all the new products you have tried over the past 6 months, how you found out about them and why you decided to try them. 21 (11/17) Retailing & Multichannel Marketing Chap 16 Conference Report 3 due 22 (11/22) Global Marketing Required Readings /Articles Milestone 2 (11/24) No Class 23 (11/29) Topics TBD/Group Project Work Group Project Research Memo due 24 (12/1) Marketing Plans Group Project Marketing Campaign Presentation 25 (12/6) Marketing Plans Group Project Marketing Campaign Presentation 26 (12/8) Marketing Plans Group Project Marketing Campaign Presentation 27 (12/13) Marketing Plans Group Project Marketing Campaign Presentation Group Project Individual Memo due Research Participation (subject pool assignment) Please read the document in the Appendix and follow the instructions to qualify for the five points! Blackboard Website This course will have a Blackboard website. Please check this website regularly since all messages to class will be posted there by the instructor. The website will show assignments, article readings, discussion questions, cases, etc. so get in the habit of visiting Blackboard regularly and frequently. Academic Integrity I fully support Baruch College's policy on Academic, which states, in part: "Academic dishonesty is unacceptable and will not be tolerated. Cheating, forgery, plagiarism and collusion in dishonest acts undermine the college's educational mission and the students' personal and intellectual growth. Baruch students are expected to bear individual responsibility for their work, to learn the rules and definitions that underlie the practice of academic integrity, and to uphold its ideals. Ignorance of the rules is not an acceptable excuse for disobeying them. Any student who attempts to compromise or devalue the academic process will be sanctioned. " Academic sanctions in this class will range from an F on the assignment to an F in this course. A report of suspected academic dishonesty will be sent to the Office of the Dean of Students. Additional information Additional information and definitions can be found at http://www.baruch.cuny.edu/academic/academic_honesty.html About the Instructor Barry Soloff is a Marketing Consultant experienced in working with small to medium companies, individual entrepreneurs and non-profit organizations in the areas of marketing and strategic planning, brand building, creative development, production, integrated marketing and sponsorship. He also conducts seminars on Marketing for Small Businesses for various organizations including Score:Counselors for Small Businesses His worldwide credentials include over 30 years of developing effective and award winning US, international and global campaigns. His client experience was with the Gillette Company, Division of Procter & Gamble where he was Global Communications and Advertising Manager for the Duracell brand. Previously he was Advertising and Media Manager for the Gillette International Division. His agency experience consisted of managing strategic marketing and communications plans at Leo Burnett, J. Walter Thompson, DDB, BBDO and Interpublic/Lintas. He directed established brands and new product efforts for clients such as Kraft, Colgate-Palmolive, Nestle, Frito Lay, Union Carbide, Richardson Vicks, Frigidaire and Delta Airlines. He received his MBA degree from New York University in International Business and Marketing and Bachelors degrees from Thunderbird School of Global Management in International Management and Denver University in History and International Relations. Barry recently received his Professional Certificate degree in Business & Executive Coaching from New York University. APPENDIX Group Presentation Evaluation Criteria and Feedback (Grading scale: All areas will be evaluated based on Excellent Poor) 1) Organization: (12.5%) Very Good Good Needs Improvement (excellent: presentation is clear, logical, and organized . Time is appropriately allocated among topics ; Poor: presentation is difficult to follow, arguments are confusing, organization haphazard, improper allocation of time among topics) 2) Use of Visuals: (12.5%) (excellent: visuals are professional, attention getting, organized, details are minimized; Poor: visuals are uninteresting, unprofessional, cluttered, contains too many unimportant details). 3) Use of Language (12.5%) (excellent: proper language, technical language appropriate for the audience, sentences are grammatical, correct enunciation ; Poor: frequent grammatical errors, incomplete sentences, vocabulary limited, improper language) 4) Style (12.5%): (excellent: presentation is well paced for audience understanding, body language reflects comfort interacting with the audience, smooth transitions among group members, the speakers are enthusiastic and confident, speaking volume is comfortable for the audience to follow, presentation maintains audience interest, reading from notes is minimized, personal appearances are completely appropriate for the occasion; Poor: presentation is either too slow or too fast, speakers looks nervous and uneasy, the transitions are rough, speakers are uninterested and inconfident, presentation is dull and boring, volume is too low or too high, there is too much reading from notes, personal appearances are not appropriate for a business setting). 5) Depth of Content (weight 50%) Company and Product: SWOT Analysis Marketing Objectives Target Market and Positioning Marketing Mix Strategy (Product , Price, Promotion and Distribution) Marketing Strategy Media plan and Mix Creative Campaign Research (Excellent: Indepth and accurate analysis, strategies are realistic and appropriate, full justification is provided for chosen strategies, justification consistent with material learned in class, assumptions are clearly spelled out; Poor: Analysis is shallow, strategies are unrealistic, assumptions are not explicitly spelled out, justification for decisions are not provided, weak reasoning underlying the choice of strategies) Research Participation Requirement (Marketing Subject Pool For information: http://faculty.baruch.cuny.edu/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://faculty.baruch.cuny.edu/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://faculty.baruch.cuny.edu/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://faculty.baruch.cuny.edu/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 email subjectpool@baruch.cuny.edu and explain the problem. Make sure to provide information about the study you participated in (Study Code, date and time).