; PES Institute of Technology, Bangalore South Campus Department Of MBA Course Outline Semester – III Subject Code: 12MBAMM311 Subject Title: BUSINESS MARKETING Faculty Name: Ravi Urs No of Hours / Week: 4 Practical Component : 01 Hr/ Week Mod No Ses sion No. 1 1 1 2 1 3 Contents Total no of Lectures: 70 IA Marks: 50 Marks Exam Hours: 3 Exam Marks: 100 Table -1 : Session Plan Pedagogic al Tools Presentatio ns Nature of Industrial Marketing, Industrial Marketing Vs Consumer Marketing, PPT Economics of Industrial demand - The resellers market The industrial marketing concept, Understanding Industrial Markets, Type of Industrial markets PPT Assignments / Additional Work Student Learning Evaluation Technique Cumula tive Covera ge 2 3 PPT 5 1 1 1 2 2 4 5 6 7 8 Classifying Industrial Products, Organizational procurement characteristics Practical class PPT The Industrial Marketing environment PPT 7 Identify 10 reseller markets. Find the industrial procurement characteristi c for the industry assigned Environment effect on industrial market with special reference to government rules PPT The nature of Industrial buying Organizational buying activity Practical class PPT PPT Case study: CN Information services 9 Questions from previous QP 10 12 14 Find effect of Govt. rules on different industries. What is the nature of industrial buying for industry assigned 2 2 9 10 2 2 11 12 2 3 3 3 13 14 15 16 Buying models and buying center concept Inter-personal dynamics of industrial buying behavior Roles of Buying centre Conflict Resolution in Decision Making Practical class PPT PPT 16 PPT PPT 19 21 Ethics in Purchasing PPT Choosing Target Segments Positioning Differentiated and Un-Differentiated Markets Practical class 17 Who would comprise the buying center for the industry assigned. Explain which is the best way of conflict resolution and why? Case study: Edward F. Crow company Questions from previous QP 23 PPT PPT PPT 24 26 28 What are the target segments in the industry assigned? What are the differentiate d and undifferenti ated markets in the industry assigned 3 3 3 3 3 17 18 19 20 21 Concentrated Markets Niche Markets Positioning Strategies Positioning Strategies (Continued) Practical class PPT PPT PPT PPT Difference between Industrial Market Research and Consumer Market Research PPT 30 31 33 35 Which are the concentrate d and niche markets in the industry assigned. What are the positioning strategies available in the assigned industry Case study: Cumberland Gasket Company Questions from previous QP 37 Inc. 4 4 4 4 4 4 5 22 23 24 25 26 27 28 Developing Product Strategy Analyzing Industrial Product Life Cycle Analyzing Industrial Product Life Cycle (Continued) Practical class PPT PPT PPT Developing Strategies for new products Developing Strategies for existing products Business Service Marketing: Special Challenges PPT PPT PPT Industrial Distributor Practical class PPT 38 40 42 Develop a product strategy for the industry assigned. Design a market survey for the industry assigned. Analyze the product life cycle for the industry assigned 44 45 Case Study: Double L Company Questions from previous QP 47 49 Develop a strategy for new and existing products in your industry. List the business service marketing opportunitie s in the industry assigned 5 5 5 29 30 31 5 32 Definition, Geographical Distribution Size Characteristics, operating characteristics Role of Sales Agent and their drawbacks, choice of the right Distributors Participation of other Channel Members in Industrial Distribution Practical class PPT PPT PPT 51 52 54 PPT 56 What is the role of the distributors in the industry assigned. What are the unique characteristi cs of a distributor for the industry assigned 5 5 6 6 6 6 6 6 33 34 35 36 37 38 39 40 Channel Logistics- Relationship of Logistics & Physical Distribution, PPT Total Cost approach customer service, assessing the customer service, Identifying the cost centers Price Determinants Factors that Influence the Pricing Strategies Practical class PPT Concept of learning curves Types of Pricing Strategies Competitive Bidding Leasing PPT PPT PPT PPT Practical class Case Study: Grey Electronics, Inc. 58 Questions from previous QP 59 PPT PPT 61 63 Design the logistics for the industry assigned. What are the price determinant s for the industry assigned 65 66 68 Questions from previous QP 70 What are the components of the learning curve for the industry assigned. Does the industry assigned has a bidding and leasing option. Explain. 7 7 7 7 41 42 43 44 Advertising in Industrial Markets, uses Message Formulation, policies, media Budgetary support Evaluation of advertising- sales Promotion Practical class PPT Case Study: Lewiston – Copeland Company 72 PPT PPT PPT 73 76 78 Explain the advertising strategies for the industry assigned. What are the parameters for evaluating affect of advertising in the 7 45 Use of Sales Promotion in Industrial Markets PPT 7 46 Trade shows and exhibitions B2B Forms of ECommerce PPT Managing the Industrial Sales Force, Organizing and controlling the industrial sales force activity Planning for the sales force Deployment Practical class PPT Personal Selling: Selecting and Recruitment of Industrial sales person, sales training PPT 8 8 8 8 47 48 49 50 Directing, Motivating, Task Assignment, industry assigned. Assignment evaluation Questions from previous QP 81 84 Assignment evaluation PPT 86 89 How useful are trade shows and exhibitions for the industry assigned? Plan a sales force deployment strategy for the industry assigned PPT Case Study: Modern Medical Products Company 92 95 8 8 51 52 Compensation Measuring the Effectiveness of Sales Force. Relationship Sales and Marketing, Four forms of Seller Roles PPT PPT Practical class 97 Questions from previous QP 100 What type of training would you design for the sales persons in your assigned industry. How do you the effectivenes s of sales force for the industry assigned Evaluation Techniques Different groups will be formed. Each group will be asked to analyze the impact of government policies on a particular industry. The groups will be evaluated based on quality of data collected, depth of analysis, examples implying the impact of policies and suggesting changes in the policies. Table – 2 A. Mod No Sl.No. All 1 All 2 All 3 All 4 All 5 All 6 References & Additional Readings Particulars Title: Industrial Marketing Author: Robert R. Reeder & Reeder Publication: PHI Title: Business Marketing Management Author: Michael D. Hutt, Thomas W. Speh Publication: Cengage Learning Edition: 10, 2012 Title: Industrial Marketing Author: Krishna Havaldar Publication: TMH Edition: 3, 2011 Title: Business to Business Marketing Author: Vitale & Giglierano Publication: Cengage Learning Edition: 1 Title: Business Marketing: Connecting Strategy,Relationships and Learning Author: Robert Dwyer, John F. Tanner Jr. Publication: TMH Edition: 4, 2006 Title: Business Marketing Author: Frank G. Bingham Jr., et al All 7 All 8 Publication: TMH Edition: 3, 2005 Title: Industrial Marketing Author: Prof. P. K. Ghosh Publication: Oxford Title: Industrial Marketing Author: Mukherjee H. S Publication: Excel Books Edition: --- Table – 6: (IA Pattern) Test Marks Presentations Assignments 60% 20% 20% For Internal Evaluation T1 marks and the best out of remaining two will be considered. 1st Test is mandatory. Question Bank:- 3 Marks Questions: 1. Write a note on Joint demand. 2. Write briefly about cross-elasticity of demand. 3. What are the three groups to which industrial customers can be grouped? 4. What are the broad classifications of industrial products? 5. Write a note on characteristics of industrial purchasing. 6. Write a note on characteristics of purchasing in the resellers market. 7. Explain how anticipatory government action help. 8. How does influencing government action help industrial market? 9. What are the three buying situations according to Buygrid model? 10. Name the different phases in purchasing decision process. 11. What is a buying center? 12. Explain the categorical method of evaluating supplier performance. 13. Explain the weighed-point method of evaluating supplier performance. 14. What are the differences between industrial and consumer marketing research? 15. What are the benefits of marketing segmentation? 16. What are the requirements for effective market segmentation? 17. What are the industrial characteristics in market segmentation? 18. Whiteria; at is Decision support system and what is it’s use in market segmentation? 19. What are the six categories of a new product? 20. What is the relationship between physical distribution and marketing strategy? 21. Compare and contrast warehouse 22. Mention the methods available for optimizing inventory. 23. What is the importance of identifying buying center members in industrial selling environment? 24. What is the importance of developing and maintaining customer rapport? 5 Marks short notes: Input suppliers; Distributors; Facilitators and competitors in industrial environment; public interest groups; economic influencers; ecological influencers; physical environment influencers; cultural influencers; technological influencers; demographic influencers; political and legal influencers; Government agencies and legislators; independent strategies; co-operative strategies; strategic maneuvering for managing industrial marketing environment; creeping commitment; decision making process; center of gravity in decision making process; material requirements planning; Just-in-time purchasing; centralized purchasing; coalition as a tool for conflict resolution; monitoring external environment; differential advantage analysis; internal company analysis; exponential smoothing; linear regression; choosing x variables; using log variables; correlation analysis; standard error; auto correlation; nonlinearity; macro variables in market segmentation; purchasing situation/phase; customer experience; customer interaction needs; customer benefits; product innovation; inventory requirements; purchase policies; purchasing criteria; structure of buying center; undifferentiated market selection; differentiated market selection; concentrated market selection; niche marketing; Idea generation; idea screening; idea evaluation; preliminary business analysis; determining customer service levels; the competitive environment; assessing and optimizing customer service requirements; customer service audits; the impact of logistical service as channel members; abc analysis; determining inventory levels; the eoq model; fixed-order quantity model; sales force automation; return on time invested; sales resources planning grid; route analysis; management by exception; control charts; direct mail; telemarketing; use of publicity in the industrial market; advertising objectives; media selection; evaluating the advertising plan; integrated promotion plan; customer demand as a factor influencing pricing strategy; competition as a factor influencing pricing strategy; cost & profit relationship; cost analysis; cost behavior over time; the learning curve; market skimming strategy; market penetration strategy; discount pricing; geographical pricing; pricing & profits; return-on-investment pricing; learning curve effect on price analysis; expected payoff analysis; leasing; dyadic interaction; 7 Marks Questions: 1. 2. 3. 4. 5. 6. 7. 8. Explain the importance of government agencies as industrial customers. Explain the impact of materials and parts on industrial products. Explain the impact of capital items on industrial products. Explain the impact of supplies & services on industrial products. Write a note on value analysis as one of the attributes of purchasing in commercial enterprise. Write a note about identifying buying center members. What are the primary and secondary roles in buying centers? What is Sheth model of industrial buying behavior? 9. Explain the conflict-resolution strategies. 10. What is the importance of power in conflict-resolution? 11. How is the supplier choice done and what is the qualifying process? 12. What is the cost ratio method of performance evaluation? 13. Write a note on functional conflict. 14. What is organizational designing for competitive advantage? 15. How to do opportunity and threat analysis? 16. How are marketing strategies formulated? 17. What are unstructured and structured surveys? 18. What are the organizational characteristics in market segmentation? 19. What are the individual variables in market segmentation? 20. What are the ways of evaluating potential segments? 21. What are the characteristics of an industrial product? 22. What are the features of industrial project management? 23. What are the sources of new products? 24. What is the relationship of innovation to productivity and competitiveness? 25. What are the various transport means available? 26. What are the criteria for selecting the mode of transportation? 27. Explain the importance of warehouse site location? 28. How is work load analysis done? What is its importance? 29. What are the special needs when organizing sales force to serve national accounts? 30. What is management by objectives? How to make it work? 31. Write the methods for direct marketing? 32. How can sales promotion be used in industrial market? 33. How is appropriating of advertising fund done? 34. Write briefly about developing message strategy. 35. Explain in detail the criteria for developing the media plan. 36. What are the options for pricing strategies for new product introduction? 37. What should be the pricing strategy for various stages of product life cycle? 10 Marks Questions : 1. Write in detail about resellers market. 2. Explain the importance of commercial enterprises as a industrial customer. 3. What are the characteristics of purchasing in commercial enterprises? 4. What are the characteristics of purchasing in government units? 5. Explain in detail the interface level of the industrial marketing environment. 6. Explain in detail the macro-environment level of the industrial marketing environment. 7. Explain tin detail the role of government’s influence in industrial marketing environment. 8. Explain the strategies available for managing industrial marketing environment. 9. Write a note on buygrid model. 10. Explain the three buying situations according to buygrid model. 11. Explain the different phases in purchasing decision process. 12. Write in detail the important phases that effect marketing strategy for modified rebuy situation. 13. Explain the Mattson model for determining the composition of the organizational buying center. 14. What are the task oriented objectives in organizational buying? 15. What is the importance of product analysis for identifying information needs of key influencers? 16. Explain the company specific factors & product-specific factors of Sheth model. 17. Explain the two significant factors as indicated in Sheth model for the difference in psychological factor influencing individual decision making. 18. Explain McKinsey’s 7-s framework. 19. Explain portfolio analysis. 20. What is marketing’s role in the strategic planning process? 21. Write in detail about developing marketing strayegy. 22. What is the role of marketing research in strategic decision making? 23. Explain the various secondary data sources available for marketing research. 24. What are the characteristics of surveying customers, experts and groups? 25. Write a note on micro variables in market segmentation. 26. Explain the various organizational variables in market segmentation. 27. Explain the market situation variables in market segmentation. 28. Write a note on target marketing. 29. Write a note on product positioning. 30. Explain the product-life-cycle strategies. 31. Explain the product strategies for established products. 32. What are the characteristics of product revitalization decisions? 33. What are the unique characteristics of system marketing? 34. Write in detail the problems & strategies of professional service marketing. 35. What are the essentials of organizing for effective product development? 36. What are the organizational alternatives for new product development? 37. Write in detail the new product development process. 38. What is the total-cost approach to physical distribution system? 39. Write in detail the importance of transportation as a cost center. 40. Justify importance of warehousing as a cost center. 41. Inventory can be optimized. Justify. 42. What is the importance of sales person in actualizing the marketing concept? 43. What are the steps involved in making a sales presentation? 44. How is the planning for sales force deployment done? 45. Explain the method available for estimating company sales potential. 46. Explain the process of assigning the sales force to territories. 47. Explain the different objectives of advertising in the industrial market. 48. Explain in detail the various industrial advertising media. 49. Explain the factors that influence the pricing strategy. 50. Explain the pricing strategies. 51. Explain the pricing policies. 52. Explain the break-even analysis. 53. Explain competitive bidding. 54. Explain price negotiations