Stevens Institute of Technology Howe School of Technology Management Syllabus MGT 646 Marketing Strategy 2014 Gaurav Sabnis Babbio 407 Tel: 201-216-3463 Fax: 201-216-5385 gaurav.sabnis@stevens.edu Office Hours: Thursdays 5:00 and 6:00 pm and by appointment Course Room: Course Description Every firm needs to devise and execute marketing strategies for their offerings to translate into customer value and profits based on an understanding of the consumer and the marketplace. This course is designed to give students an intensive and applicationoriented look at how marketing strategy works in the real world. It will include examples and exercises of the role quantitative analysis plays in marketing strategy decisions. The emphasis of this course will be on cases, analysis, real life examples, and presentations. Prerequisites: MGT 641 - Marketing Management. Course Objectives The objective of this course is to introduce students to various strategic decisions that a marketing manager must take, and teach them a structured approach towards this decision making process. Students will be able to integrate their knowledge of consumers, markets, distribution channels, regulators, technology and other aspects of the environment to decide the viability and desirability of the strategic marketing concept. Students will also learn how to translate quantitative input from various sources into strategies that can be executed and prove successful over the short term as well as the long term. Additional learning objectives include: Communication skills: students will improve and polish their oral communication skills through the case analysis and team project presentations. Technology role in business: Students analyze four Harvard Business Review cases set in the technology context. Analytic problem-solving: The course incorporates case study methodology which is built on analytic problem solving. 1 Ethics: Students learn about the ethical issues involved with consumer data collection. Team skills: Students will work in teams on the majority of the course tasks such as case analysis and advertising analysis project; an online survey instrument will be used to measure individual contributions to team performance. Global awareness: The course material includes cases that deal with international marketing issues. Course Outcomes: After completing this course, students will be able to: Make appropriate marketing strategy decisions within the framework of underlying market complexities. Integrate facts and quantitative data into actionable decisions. Work in groups to devise strategies and present them in a convincing fashion. Pedagogy The course integrates lectures, case analysis, team projects and discussions to focus on the implications of social science concepts for marketing strategy. Readings Textbook(s) or References Harvard Business Review course pack that includes cases and articles. Assignments Class participation Quizzes Case Analysis Case presentation Case write-ups : : : : : 20% 20% 30% 20% 30% 2 Ethical Conduct The following statement is printed in the Stevens Graduate Catalog and applies to all students taking Stevens courses, on and off campus. “Cheating during in-class tests or take-home examinations or homework is, of course, illegal and immoral. A Graduate Academic Evaluation Board exists to investigate academic improprieties, conduct hearings, and determine any necessary actions. The term ‘academic impropriety’ is meant to include, but is not limited to, cheating on homework, during in-class or take home examinations and plagiarism.“ Consequences of academic impropriety are severe, ranging from receiving an “F” in a course, to a warning from the Dean of the Graduate School, which becomes a part of the permanent student record, to expulsion. Reference: The Graduate Student Handbook, Academic Year 2003-2004 Stevens Institute of Technology, page 10. Consistent with the above statements, all homework exercises, tests and exams that are designated as individual assignments MUST contain the following signed statement before they can be accepted for grading. ____________________________________________________________________ I pledge on my honor that I have not given or received any unauthorized assistance on this assignment/examination. I further pledge that I have not copied any material from a book, article, the Internet or any other source except where I have expressly cited the source. Signature _________________________ Date: _____________ Please note that assignments in this class may be submitted to www.turnitin.com, a web-based anti-plagiarism system, for an evaluation of their originality. Course/Teacher Evaluation Continuous improvement can only occur with feedback based on comprehensive and appropriate surveys. Your feedback is an important contributor to decisions to modify course content/pedagogy which is why we strive for 100% class participation in the survey. All course teacher evaluations are conducted on-line. You will receive an e-mail one week prior to the end of the course informing you that the survey site (https://www.stevens.edu/assess) is open along with instructions for accessing the site. Login using your Campus (email) username and password. This is the same username and password you use for access to Moodle. Simply click on the course that you wish to evaluate and enter the information. All responses are strictly anonymous. We especially encourage you to clarify your position on any of the questions and give explicit feedbacks on your overall evaluations in the section at the end of the formal survey that allows for written comments. We ask that you submit your survey prior to end of the examination period. 3 COURSE SCHEDULE Topic(s) Reading(s) Week 1 Introduction and Overview Week 2 Math and Marketing Strategy Pre-assigned contemporary examples Week 3 Case Analysis Methods Alpen Bank case Week 4 Segmentation Sarvary and Elberse note Week 5 Targeting Fashion Channel Week 6 Positioning Ford Focus Week 7 Social Media and STP Week 8 Student Presentations Strategy articles Week 9 Pricing Dolan and Gourville Wee 10 Branding and Brand Management Keinan and Avery Week 11 Student Presentations Mountain Man Brewing Co Week 12 Advertising Mednet Week 13 Communication and PR Facebook Week 14 Student Presentations NYT Paywall 4