6-22-08 CLASS SCHEDULE: SAINT MARTIN'S UNIVERSITY MARKETING CONCEPTS AND THEORY (MBA 606) Generic____________________________________ WEEK TOPIC/ASSIGNMENT READINGS ______________________________________________________________ 1 2 3 4 5 6 Class Introduction Introduction Marketing Process Case Analysis, What can be learned *Assign Presentation Teams Instructor Kerin, Ch 1 Hartley, Ch 24 Marketing / /Corp Strategy Marketing Environment * Draw for Term Project Kerin, Ch 2 Kerin, Ch 3 Easter Holiday No Class Ethics & Social Responsibility Ford Explorer; (Team #1) critical article analysis due week 3 Kerin, Ch 4 Hartley, Ch 7 Consumer Behavior Kerin, Ch 5 Perrier : (Team #2) Hartley, Ch8 (4-students/team; 15 min. oral presentation) Organizational Markets Reaching Global Markets Kerin, Ch 6 Kerin, Ch 7 Market Information Southwest Air Lines (Team #3) Market Segmentation Kerin, Ch 8 Hartley, Ch 20 Kerin, Ch 9 CRITICAL ARTICLE ANALYSIS DUE Developing New Products Midterm Review (Q & Answer) See Syllabus Kerin, Ch 10 MIDTERM EXAMINATION Materials Covered Managing Products Euro Disney (Team #1) Pricing Products/Services Kerin, Ch 11 Hartley, Ch 8 Kerin, Ch 12 Distribution Channels Kmart/Sears (Team #2) Retailing/Wholesaling Kerin, Ch 13 Hartley, Ch 9 Kerin, Ch 14 IMC & Direct Marketing Maytag (Team #3 Advertising, & Sales Promotion Kerin, Ch 15 Hartley, Ch 13 Kerin, Ch 16 7 Personal Selling Interactive & Multi channel Marketing Kerin, Ch 17 Kerin, Ch 18 Oral Presentations begin (40 minute target) 8 Oral Presentations Final Review FINAL EXAMINATION See Syllabus All materials since Midterm Focus on Materials Since Midterm; Term Paper Due *Note: Class will be divided into approximately 4 teams of 3 to 4 members each. Each team will be assigned two cases for class presentation and a term paper/oral presentation. Use of PowerPoint is strongly advised. Team members will be asked to evaluate each other’s contribution to the team presentation effort at the end of the term. Make your presentations as you would to a marketing action committee. Use appropriate marketing concepts and terms. SAINT MARTINS UNIVERSITY 3-17-08 COURSE SYLLABUS MBA 606 MARKETING CONCEPTS AND THEORY (3) Instructor Name, Address and Telephone Number: Paul R. Patterson 3057 Edgewood Dr. SE M-F Olympia, WA 98501-3815 Tel: (360) 943-0384 (Home, after 6 PM) (360) 438-4373 (Office 10:00-3:00 PM) MBA Assistant: Sharon Sullivan 360- 438-4512 FAX: 360-438-4522 Pre-Assignments: Read Kerin, Ch 1, 2; Hartley, Ch 24, “What can be learned” Course Description: Marketing Concepts and Theory is a course for students who want to be marketers as well as those who do not. It is my hope that by the end of the course, those in the second category will want to be marketers. To be sure, you will appreciate why and how marketing applies to everything from accounting to managing a successful public enterprise, such as a charity. I am pleased to say that many former students have stated this is one of the most interesting and informative coursed they have taken. You will find our case studies are not only timely, they are thought provoking and informative.. Prerequisite: MBA 503 or equivalent. Required Texts and Materials: Hartley, Robert F. Marketing Mistakes & Successes, 10th Edition New York, NY: John Wiley & Sons, Inc. 2004. ISBN 0-471-74321-6 (paperback). Kerin, Roger A. Marketing; The Core , New York, NY, McGraw-Hill/Irwin, Inc. 2004 ISBN-10: 0-07299989-6 (paperback). Please note that “The Core” chapter quizzes are available to you prepare for midterm and final examination and can be found at www.mhhe.com/kerin. Additional Recommended Supplementary Learning Resources: Instructor web page includes video and additional resources under MBA 606. Instructions regarding web pace access are provided below. Peter, Paul J. & James H. Donnelly, Jr. A Preface to Marketing Management, Ninth Edition Boston, MA: Irwin, 2003. ISBN 0-07-246658-8.(paperback). Various Web and Internet sites related http:hepg.awl.com/daniels/IB8/ (password is IB8) to marketing cases. Your text Web site is Kotler, Philip. A Framework for Marketing Management, 1st edition New Jersey: Prentice-Hall, Inc. 2001, ISBN 0-13-018525-6. Armstrong/Kotler, Marketing: An Introduction. 7th. Edition, Pearson/Prentice Hall, Inc. 2005. Relationship of Course to Program Curriculum: MBA 606 is a required core course in the Masters, Business Administration Program. Entry Competencies and Requirements: Students entering this course are expected to: Read this syllabus and the assignment descriptions thoroughly! 1. Write at the college graduate level. 2. Demonstrate critical thinking skills. 3. Have access to and utilize a word processor to prepare written submissions. Correct use of grammar is a course requirement for written submissions as well as answering test questions. Use MLA formal report writing including proper reference and citation usage. 4. Use PowerPoint and formal presentation organization and delivery skills in presenting team case assignments. 5. Attend all classes. Please note the 40 points for participation (you cannot participate if you are absent). Learning Outcomes: As a graduate marketing course, our objective is to introduce key management concepts and enhance your ability to perform critical business related thinking. Through this course and upon its completion, students will be able to: 1. 2. 3. 4. Apply marketing theory and concepts toward solving managerial marketing problems. Analyze in written and oral presentation form, basic marketing principles related to specific business situations (perform critical thinking). Understand and identify marketing opportunities and how marketing concepts and tools can be applied to achieve organizational objectives. Appreciate the role of marketing executives within a complex matrix of business and society. Activities To Meet Objectives: 1. 2. 3. 4. 5. Submission of one written critical article analysis, no less than four (double spaced) pages in length (using 12pt. type and word processing) and college MLA writing format.* Proposing Marketing Action. Please use marketing terminology and concepts as discussed in your class. Participation in extensive class analysis and discussion. Class participation is mandatory. Actively participate in the analysis and presentation phases of your team case studies. Completion of closed book/notes Midterm and Final written examinations. * If you are not familiar with college MLA requirements, I suggest you reference the Purdue University Online Writing Lab at http://owl.english.purdue.edu/owl/ or Google Purdue OWL. This is a great writing resource. You will be provided with my Oral and Written Presentation Guide handout. Please follow the instructions given. Coursework and Grading Scheme: Criteria: Possible Points: Individual Written Article Analysis Team Oral Case Presentations "Marketing Acton" Essay Class Discussion, Student Participation Midterm Examination Final Examination Total Possible Points: 30 40* 100 40 75 135 ________ 420 Total Points Earned X 100 = ________%. Total Possible Points The percent answer will be converted into the final grade you earn: 100% to 95% = A etc. * You will be asked to complete a peer rating form evaluating your team member performance. Assignments: 1. Scholarly* Critical Article Analysis: (Don’t paraphrase the article, but as part of step one, provide an article abstract). You are required to attach the article you select. The critical article analysis will familiarize you with library business sources and CURRENT scholarly business articles. The college library has on-line access to many scholarly journal archive search engines. For example, the JSTOR search engine has numerous scholarly articles that can be viewed and printed in full text. Other business search engines are available. If you have questions, please speak to one of our research librarians. Please be aware many articles are not timely. Select articles that are FIVE years old or newer. To access JSTOR from Saint Martin’s home page, go to the library home page, research tools, business database, and then the JSTOR search engine; note the steps to access JSTOR from the Saint Martin web site are indicated at the end of this syllabus under reference resources. Please select your article from three broad categories using the following subject search words: 1. “Marketing Objectives” 2. “Consumer/Buyer Behavior” 3. “Product/Service Pricing” 4. “Sales Force Ethics” 5. “The Marketing Mix” 6. “Internet Marketing” 7. Competitive Marketing Information 8. Market Modeling 9. Stealth Marketing 10. Product Placement Promotion 11. Testimonial Advertising Effectiveness 12. Marketing Budgeting Paper format: The objective of your paper is NOT TO RESTATE THE ARTICLE. It is to analyze the author’s presentation in terms of credibility, factuality and implementability. Address the bulk of your paper to answer whether the author is convincing. Your presentation must clearly indicate you have read the article and given its content serious thought. Please structure your analysis along the following outline. Number your analysis steps and supporting points according to the following outline. Use MLA format in crafting/submitting your paper. This means use citations in your paper as discussed in the “oral and Written Presentations” handout you will receive. Your paper will be judged based on the persuasiveness of the position you take. Note: The length of this paper should be between four and six pages in length. Address each of the below steps in your paper in the order presented below: Value 10% 10% Step 1 2 10% 3 25% 4 20% 5 15% 6 10% 100% * Element Article Abstract (summarize the points/position made in the article) State how the article is relevant to the course. How/why is the article relevant to the class. Be specific. Is the author’s presentation logical? Is the author convincing to you? Why? Is the author’s premise reasonable? Does his/her conclusions logically follow from the information presented? What are the article’s strengths and weaknesses? Were the points easily understood and supported? What is your basis for agreement or disagreement with the author? What points do you agree with or disagree with and why? What is the quality of the bibliographical support the author offers to support His/her position? What supporting documentation is presented for or against the position taken by the author? Present your analysis in proper MLA form. Use correct grammar. You will not number this step.** Include: a. A cover sheet, b. Use correct MLA reference form and style methods c. Attach a copy of the article If you ask, “How do I determine what is a scholarly article?” go to the Sojourner Truth Library at http://lib.newpaltz.edu/assistance/scholar.html The background on Sojourner Truth makes for very interesting reading. Her story can be found at: http://www.lkwdpl.org/wihohio/trut- soj.htm **Note: Use a word processor, 12pt. type font and quality printer. Incorrect use of grammar will result in paper rejection. MLA format (including use of references and citations) is required. Style and reference: Carole Slade. Form Style. New Jersey: Haughton Mifflin Company, 2000. An excellent online MLA format source is the Purdue University Online Writing Lab at http://owl.english.purdue.edu/owl/ or Google Purdue OWL. Please feel free to discuss your progress with me at any time. Often the issue is getting started. Be careful to limit the scope of your work to what you can accomplish given the time you have available. The grade you earn is determined by the treatment you give your assignments. It is the result of your analytical content (how well you address the assignment) and the scope of your effort as well. 2. Team Oral Case Presentations: Students comment that the Hartley Marketing Mistakes is one of the more engaging elements of the course. I believe you will agree. Your team oral presentation will present the main marketing issue(s) the case addresses, summarizing pertinent facts and using marketing terminology to present key marketing concepts related to the case. Often, sources such as the Internet (annual corporate reports for example) can offer insight as to where the company is today—the “rest of the story”. Be sure all team members participate in your class presentations. Cases deal with publicly held corporations, so up-to-date data should be readily available through online sources including related business articles. 3. Applying the marketing mix to a company Essay: Note: I have listed 16 well known marketing driven corporations. Depending upon class size, you will participate in a random drawing for a company you will analyze. Limit presenting your company’s background to not more than two (2) minutes of your oral presentation, one page of your written term paper. You will conduct a “marketing strategic audit" that identifies a specific company core marketing problem or “opportunity”. Once the “audit” is completed, you will address the issue by identifying action to be taken regarding one of the five “P’s” of the marketing mix. Your analysis will conclude with a proposed a course of marketing action. Your recommendations must be reasonably implementable, given company resources and expected real world competitive reaction. Companies included in the class drawing as subjects for your analysis are: 1. 2. 3. 4. CABELAS E-BAY COSTCO DeBEERS 5, 6. 7. 8. APPLE 9. SMITH & WESSON 13, PHOENIX UNIV. (online) H & R BLOCK 10. GROUP HEALTH 14, KELLOGG CEREAL ABERCROMBIE & FITCH 11. QUADRANT 15, SOUTHERN PAC. RR JONES SODA 12. ALASKA AIR LINE 16. REMAX REAL ESTATE Project Grading: Use of marketing concepts and terminology the above audit outline elements 20% Development of major marketing mix elements Following your strategic marketing analysis Proposed marketing course of action ( 20% Written paper submission; form and grammar 15% 25% Oral Presentation* 20% (40 min. limit; focus on marketing, not company background) _____________ 100% * Oral Presentation is graded as follows: - Vocal presentation; volume, inflection 5% enunciation, rhyme - Grammar; word usage, complete sentences 5% - Eye contact; audience involvement 5% - Facial expression; body language 5% - Audience analysis; interaction 5% - Use of audio-visual aids 15% - Organization of materials 20% - Logical thought, in-depth analysis 25% - Overall presentation and impression 15% ______________ Total Oral Presentation: 100% ================================================================= Note: Both the oral presentation and the written submission must address the above points to receive the maximum points possible. The written paper can be turned in the final day of class (session prior to the final examination). *Note: Use a word processor, 12pt. type font and quality printer. Incorrect use of grammar will result in paper rejection. Avoid prepositional phrases and use citations correctly. MLA format is preferred. Style and reference: Carole Slade. Form Style. New Jersey: Haughton Mifflin Company, 2000. An excellent online MLA format source is the Purdue University Online Writing Lab at http://owl.english.purdue.edu/owl/ or Google Purdue OWL. If you wish your final examination and related papers returned, please bring a stamped, self-addressed envelope to class on the final examination day. To: Paul Patterson 3057 Edgewood DR SE Olympia, WA 98501 Internet sources can be a source of information for your term paper and presentation. Sources I have found useful include: Saint Martin’s Web site: www.stmartin.edu/library/databases then—under the dropdown screen, enter “view databases by subject”, then Enter business Click on Submit Click on JSTOR Click on Search, then enter your subject, for example, “advertising” Click on Begin Search, and select your article for analysis For business articles: www.fool.com For added text materials: www.prenhall.com/scarbzim For small business information: www.lowe.org/smbiznet/sites/index For on-line marketing: http:pass.wayne.edu/dosdonts.html For advertising statistics: www.adage.com/ Finding a publicly held company: www.hoovers.com/ For ethical concerns (Better Bus. Bureau): www.bbbonline.org For international marketing: www.consumer.gld.gov.au/business/index.htm For writing style and formatting: http://owl.english.purdue.edu/owl/resource/ For scholarly article http://lib.newpaltz.edu/assistance/scholar.html