COMM 296: INTRODUCTION TO MARKETING Section 201, 202, 204 Spring 2014 ____________________________________________________________________ Instructor: Office: Telephone: Email: Office Hours: Lai Jiang HA565 6048224971 (Office) lai.jiang@sauder.ubc.ca 4-5pm, Wednesday or by appointment COURSE DESCRIPTION This course is an introduction to the interesting and challenging world of marketing. The main objectives of the course are: 1. Introduce the key elements of marketing strategy. 2. Teach you how to analyze complex marketing situations and come out with a specific marketing question. 3. Provide you with the knowledge necessary to develop a comprehensive marketing plan. COURSE RESOURCES AND MATERIALS Required Textbook: Grewal, D., & Levy, M. (2013). M: Marketing (3rd Ed). McGraw-Hill Irwin. NOTE: You may choose either the print version or the e-book version (called “CONNECT”) of the textbook. You do not require both. (Bonus: If the print version is purchased through the UBC Bookstore, it comes bundled with the online CONNECT resources.) To access CONNECT (the e-book and online resources), go to the following web address and click the “register now” button: http://connect.mcgraw-hill.com/class/l_jiang_spring_2014_201 http://connect.mcgraw-hill.com/class/l_jiang_spring_2014_202 http://connect.mcgraw-hill.com/class/l_jiang_spring_2014_204 Technology Requirements: iClicker. Course Website and Information Updates: The course will be supported in Vista, and students should check there frequently to receive instructions for upcoming classes. Any changes will be noted in announcements on the home page, and students have the option to subscribe to updated announcements by RSS feed. See the course Vista site for details on how to do this. CLASS FORMAT 1 The course will generally follow a lecture-discussion format. We will cover short in-class cases/exercises to reinforce marketing concepts. Students are expected to read the assigned material before coming to class. Contents: Not all topics in the textbook will be covered in class. Instead, class time will be spent on topics that are especially important, interesting or difficult. And you will also find topics taught in class but not covered extensively in textbook. Exams will only cover topics taught in class. In-class discussion: I encourage class discussion. In order to provide an incentive for people to participate and express their opinions, I have assigned 10% of final grading for class participation: 1. iClicker questions: 5% 2. Individual participation (e.g. asking and answering questions in class): 5% Group Assignment: Students will be divided into groups to do a marketing plan. The group should be formed by the end of second week. Slides: The slides will be uploaded to Vista at least one day before the class. GRADING Grades will be based on three exams, marketing plan, and class participation according to following weights. Evaluation Event Contribution to Grade Midterm 20% Final Exam 30% Marketing Plan Written Report 15% Marketing Plan Presentation 15% Marketing Plan Peer Evaluation 10% Class Attendance & Participation 10% Graded as: Individual Individual Team Team Individual Individual Unofficial grades: In keeping with UBC and Faculty of Commerce policies, all grades are unofficial until they appear on a student’s academic records. The following is taken from the UBC 2003/2004 Calendar, page 33 and is also online: “Faculties, departments and schools reserve the right to scale grades in order to maintain equity among sections and conformity to university, faculty, department or school norms. Students should therefore note that an unofficial grade given by an instructor might be changed by the faculty, department or school. Grades are not official until they appear on a student’s academic record.” 2 The expected mean of the class is 72. You final grade will be adjusted based on the difference between average in the class and this expectation. Extra Credits: A student can earn up to 3 extra points through research participation. It will be 1 point for each session. If you choose not to participate at all, you will still receive the bonus. In this case, you still need to sign up, show up and stay for the duration of the study. You simply do your own work until the time is up rather than participating in the survey if you do not want to. Exams: Exams will only cover the content taught in class. All exams will have multiple choices as well as short essay questions. Make-up policy for exams: There will be no make-up exam without prior approval from me. Students must contact me at least one week prior to the exam date with appropriate documentation. If you are sick on the day of the exam, you must let me know on that day and provide doctor proof before make-up exam. For other reasons such as under pressure or distress, please contact the undergraduate office. Marketing Plan: Please see details in the attached marketing plan section. Class Attendance: Class attendance is required for this class. I expect every student to be present, punctual, prepared and participative in all class sessions. Late arrivals and early departures from a class session are distracting and disrespectful, so please arrive on time and stay for the duration of the class. SPECIAL NEEDS For students with special needs, please contact me ASAP so that all your needs can be accommodated. 3 Class Schedule: WK 1 2 3 4 5 6 DATE Mon, Jan 6 CLASS TOPICS WHAT’S DUE Welcome and Course Overview The Big Picture Wed, Jan 8 Marketing Strategy Mon, Jan 13 Marketing Plan Wed, Jan 15 Consumer Behavior Mon, Jan 20 Consumer Behavior Wed, Jan 22 STP Mon, Jan 27 Marketing Research Wed, Jan 29 Marketing Research Mon, Feb 3 Product Strategy Tue, Feb 5 Product Strategy Advice and Discussion on the team marketing project Mon, Feb 10 Pricing Strategy Wed, Feb 12 Mid-Term Review Answer Questions on Practice Mid-Term Exam Teams assigned Team Charter Team Progress Report Due Midterm Exam 7 8 9 10 11 12 Mon, Feb 17 Reading Week, No Class Wed, Feb 19 Reading Week, No Class Mon, Feb 24 Pricing Strategy Wed, Feb 26 Distribution Strategy Mon, Mar 3 Distribution Strategy Wed, Mar 5 Work on Marketing Plan Mon, Mar 10 Promotion Strategy Wed, Mar 12 Promotion Strategy Mon, Mar 17 Team Presentations Wed, Mar 19 Team Presentations Mon, Mar 24 Team Presentations Wed, Mar 26 Course Wrap-up 13 Final Exam Marketing Plan Written Report Due Peer Evaluation Due TBA Note: All schedules are tentative and subject to change. 4 Marketing Plan The product/service that you choose can be a real one or it could be something entirely new. You need to work in groups of 6 people. Since the marketing plan is a huge chunk of your grade, it is important that you begin working on the plan ASAP. Form your groups and meet regularly to work on the plan. This is not an assignment that you can do last minute. So start working on it early. The marketing plan will also help you to understand the concepts better, so by working on it diligently you can enhance your understanding of marketing and its applications. Marketing Plan Group Students will form groups of 6 people by the end of the second week. For students couldn’t form group by their own, I will randomly assign them into groups. For each group, there will be a team leader elected by the group members. The team leader will be the one to organize the group meeting and communicate with me. Marketing Plan Structure What is the problem? 1. Executive Summary 2. Company description 3. Strategic Focus and Plan • Marketing questions and Goals So, where are we now? 4. Situation Analysis (3 C’s) • Company & Competitor Analysis • SWOT analysis • Competitive analysis: Porter’s five force • Consumer analysis • STP • Market product focus Ok, here is the solution: 5. Marketing Program (4P’s) • Product Strategy • Pricing Strategy • Place • Promotion And this is our expectation: 6. Financial Data and Projections 5 Sounds good, this is how we are going to implement the plan: 7. Organization 8. Implementation Plan Finally, what to do if things go wrong? 9. Control Team Progress Report By the middle of the term, you will submit a team progress report. In the report, please provide following information: • What is the marketing question you are trying to tackle in your marketing plan? • Why it is interesting and important? • The progress of your marketing plan. The team progress report is NOT for grading purpose. Marketing Plan Presentation: There will be 20 minutes for each group and the presentation should be finished within 15 minutes. This leaves 5 minutes for question and answer. Groups should send me the electronic version of their presentation slides one day before the presentation for me to install before the class. Please arrive 10 minutes earlier before the class to make sure the installation is correct. The presentation will be rated by students (Please see attached sample of Presentation Evaluation Form). Written Report Format: Single-spaced, one inch margins, no length limit. Whenever you cite any data/information, please list the source as citation. Extra Help You can setup group meetings with me if necessary. Note that many groups tend to meet with instructor in the last 2 weeks before presentation, it maybe hard to arrange a meeting around that time. Therefore, I strongly urge you to meet me as earlier as possible. 6 Sample 1: Presentation Evaluation Form Presentation Evaluation Form Section 204, March 24th Name______________ Student ID______________ Please rate the performance of following groups. Group 1 Group 2 Criterion Zunru Fan Vivian Pan A (10 pts) Group 3 Chen Shen Group 4 Taylor Carkner B (10 pts) C (20 pts) D (10 pts) Total (50 pts) Comments A: Interestingness & creativity of the marketing Plan B: Depth and thoroughness of analysis (Please take into account of the difficulty level of the marketing plan) C: Presentation style and quality D: Responding to Questions 7 Marketing Plan Peer Evaluation Form Section: ___________ Group No.:____________ Name: ____________ Student ID: _______________ INSTRUCTIONS: Rate the contribution that each group member, other than yourself, made to your marketing plan project. Your rating should be based on each individual’s overall contribution to the marketing plan discussion and completion of the project. Specifically, • Willingness of the individual to carry out jobs assigned. • Cooperation with other group members. • Ability of the individual to meet deadlines. • Quality of the individual’s work. Personally, I will put more weight on the effort (willingness and cooperation) of a team member, and rate the quality of the work while taking into account of her/his ability. People may differ in ability but should not differ in effort. A good team is one where all members try their best to contribute. This form should be turned in on ... The form will be kept in strict confidential. In the space provided below, please fill in the names of your group members and record your peer rating for each. Please rate each member on a scale of 0-10 points. • If you give a particular member a low rating, please justify. • If you think a team member contributes extraordinarily more than others and deserves extra points, please justify and rate her/him as 11. NAME OF INDIVIDUAL (PRINT) POINTS AWARDED (0-10 scale) 1. ______________________________________ __________ 2. ______________________________________ __________ 3. ______________________________________ __________ 4. ______________________________________ __________ 5. ______________________________________ __________ Additional Comments: 8 Student Information Please return this page at the beginning of the 2nd class! 1. Name: 2. Student ID#: 3. Telephone number (optional): 4. E-mail address: 5. Hometown: 6. Major/intended major and year in school (i.e., where are you in your program?): 7. Place of employment or other work experience of note? 8. What are your career plans/aspirations? 9. List 3 products that you feel you have some degree of expertise in purchasing: 10. List 3 products that you would like to learn more about from a marketing perspective: 11. List 3 companies which you pay more attention than others: 9