Marketing Management Syllabus Southern Polytechnic State University School of Engineering Technology and Management MGNT 6008 CRN 9158 Fall Semester 2010 Professor: Class Meeting Time: Class Location: Office: Dr. Joyce A. McGriff T 6:00 – 8:45 p.m. J108 J338 (Atrium Building) Office Hours: Office Phone: TR 10:00-1:25 p.m. T 3:00- 5:55 p.m. W 10:00-5:00 by appointment R 3:00-5:55 p.m. (678) 915-3157 Email: jmcgriff@spsu.edu Textbook: Author: MM (Marketing Management) IACOBUCCI Course Requirements COURSE OVERVIEW The purpose of this course is to develop knowledge and skills in the managerial aspects of marketing. The course provides an understanding of marketing as the basis for general management decision-making and as a framework for analyzing business situations. The specific objectives are to: 1. Learn about the elements of the marketing management process, the basic components of marketing programs, and the interaction of marketing with other functions of the organization. 2. Understand the role of marketing managers and how to apply marketing concepts to a wide range of management situations. 3. Acquire analytical skills to define marketing problems, identify opportunities, and interpret their implications for decision-making. 4. Apply both qualitative and quantitative tools to marketing problems. 5. Develop practical communication skills by using persuasive arguments in support of wellgrounded management actions. Class Procedure The course will follow a combination lecture, in-class activity format with periodic audio-visual support, guest lecturers and client interaction. Students are encouraged to ask questions and participate in class. The instructor will assume that class members have read and attempted to understand the material. I often ask class members to participate, analyze responses/reactions to discussion issues or questions. Students are expected to be responsible for their own mastery of the course content. Should you find yourself having difficulty learning the material or wish to explore more deeply any of the concepts of marketing, you are encouraged to seek counsel or further discussion with me during my office hours. You are encouraged to read additional business periodicals such as Fortune, Advertising Age, Brandweek, Wall Street Journal, Business Week, and the Atlanta Journal Constitution To Assist Your Learning Select a publically traded company with a product portfolio that you would enjoy tracking through the chapters. Check the business news for information about the company and its products often times companies are constantly issuing news releases about their business. Also, if you have questions use the contact link at the company’s website (sometimes you will get a reply sometimes not, but do not be discouraged if the answer does not come immediately. I will ask you questions in class about your portfolio and assign extra credit assignments based on your product or service portfolio. Course Performance Criteria Research has proven that students who approach their learning with sincere interest and willingness to devote time and attention to the process of learning, and can find relevance of the subject are more likely to excel and gain confidence as a result of knowledge empowerment. Grade performance is highly correlated to study effort, in-class interaction and commitment to achievement. Students will be required to successfully complete the following: Examinations: Examinations will be Multiple choice, essay and problems. An important aspect of doing essay questions is using very good examples or applications as you explain the concepts. Examinations will account for 50% of course performance. Group Marketing Plan: You are to select a product/product line or service/service group that your group is interested in to do a marketing plan for. Please submit your ideas for your plan to me before you start working on the plan. Please refer to Appendix 14.1 Sample Marketing Plan as a guide to your plan; however you are not limited to this format as there are many formats that can be found in the public domain (textbooks, internet etc.) You are encouraged to select branded products or services that you really want to know something about. I would prefer that you not choose a company or organization. The marketing plan will account for 20% of course performance 30% of course performance. Group Case Presentation: Group Case Presentation: Your group will need to prepare a case presentation. Guidelines for how to approach a case solution can be found at the course WebCT site. In general the presentation will involve the background of the case (in some cases you will need to update the firm’s background information), the problem statement or scenario, and the recommended solution. You will need to purchase the case from Harvard Business School Publishing http://www.hbsp.harvard.edu/hbsp/academic_discipline/marketing.These assignments will account for 15% of course performance. Group Presentation/Discussion Marketing Metrics Problems: are from Market-Based Management Strategies for Growing Customer Value and Profitability (Handout). To do the problem assigned to the groups go to www.prenhall.com/best and the chapter that corresponds to where the problem is. You should present the before problem scenario and the solution for the recommended changes in the problem. The metrics problems will account for 15% of course performance There are 3 additional readings articles from which I will make reference to and include on the examination. Please read them. Class Participation and Tardiness: I reserve the right to assign participation grades according to how well I thought you participated in class and attended class time on time. Participation means that you will have asked pertinent questions related to the discussion, volunteer answers, related personal and/or work related experiences, constructively critique your classmates. When participating in class you should be prepared 1. 2. 3. 4. To participate intelligently you are trying to maximize your experience here Substantiate your position with facts Don’t participate to participate, make a contribution by being knowledgeable Recognize that others will have thought of issues, analyzed facts, and come to different conclusions 5. Never feel that your ideas are unimportant 6. Recognize that your professor may disagree with you sometimes simply to see if you can defend your position 7. Try to avoid weak terms such as “I feel,” “It appears”. Use assertive words such as “It is,” “The facts reveal that…” 8. Try to maintain a manager’s orientation to what is going on in the class room 9. Be prepared to change your mind. Be flexible enough to change if you see that you are wrong 10. Be willing to take risks. If you make a mistake you just make a mistake the class will move forward. The value of class participation can mean the difference between passing and failing. Grading: Examinations: Exam 1 Exam 2 Exam 3 Exam 4 Group Marketing Plan: Group Case Metrics Presentation = = = = 12.5% 12.5% 12.5% 12.5% A B C D F = = = = = 90+ 80+ 70+ 60+ <60 = 20% = 15% = 15% IMPORTANT NOTES: Research Studies Participation You may be asked to participate in an ongoing research project here in the business school. Your cooperation is required. Class Rules 1. If you wear a hat to class please remove it upon entering the class. 2. Place your cell phone on silent or vibrate. You may NOT answer it in class for any reason. If you violate this rule you will be asked to leave the class. 3. Please download the power point lectures 4. You may not email me using a Yahoo or Hotmail email address, you must use your university assigned email. I believe that students learn best in an environment that supports human acknowledgement and respect for your classmates and me, I EXPECT YOUR COOPERATION! Peer Evaluation There are three group projects (a case presentation, metrics problem presentation and a marketing plan) as such it is my expectation that each student will actively participate in the collaboration and work effort to achieve optimal performance on these assignments. However, there are often times students who will not carry their fair share of the work load. This causes unfair disadvantage to the students who work hard to achieve the group grade. There is a peer evaluation form posted at the course website. Each of you are required to download this document, complete the evaluation of each member and submit it the last day of class or upon submission of the final project. The evaluation means that the evaluation of each group member will be an average of every group member’s assessment. An example: Group 1 Received 89 for the case presentation 95 for the marketing plan Group member A has received the following evaluations from his group members: Group member B = 70 89 (Case Presentation) X .71 = 63.2 Group member A’s adjusted grade Group member C = 75 95 (Market Plan) X .71 = 67.5 Group member A’s adjusted grade Group member D = 68_ Average 71 As you can see peer evaluations are important and they can harm your performance in the class. The way to prevent any misunderstanding of how this works you can consult with me and/or make sure that you are doing your part of the project work. Once you have submitted the evaluation of your group members you will not have the opportunity to change the evaluation, there will be no exceptions to this policy Academic Honesty This course is governed by the SPSU standards for academic honesty, from the student handbook: Academic honesty depends on the willingness of the students, individually and collectively, to maintain and perpetuate standards of academic honesty. Each SPSU student accepts the responsibility to be honorable in his or her academic affairs and to encourage honesty among others. Knowledge of a violation without reporting it to the proper official is a violation of academic honesty. Punishment for cheating: you will be dropped from the course and you will fail the course. Late Assignments Late assignments papers will not be accepted for any reason. Assignment Presentation Assignments are to be typed with one-inch margins, a cover page, stapled, no misspelled words, reasonable composition style (readable), and white bond paper. No plastic covers with the separate plastic binders. Papers will be penalized five points for violation of each of these parameters. Tardiness If you are late, enter quietly and try to not disturb the class. Examination Supplements Please take notes from the videos and any supplemental news articles or discussions because the essay questions will come from these topics. It is my desire as your professor to facilitate and support your learning of marketing planning and management concepts. In order for you to accomplish your goals of performance and excellence, you must make a conscientious effort and work with me. I cannot assist you in this process if you make excuses, miss class, fail to prepare your assignments in a timely fashion and stay anonymous. Your success is in your hands. GOOD LUCK! T Date 8/25 T 8/31 T 9/14 Tentative Schedule Chapter Assignment Course Orientation/Group Cases can be purchased from hbsp.harvard.edu Assignment Read Chapter 15: Marketing Plans Excerpt from (Best 2005): Balancing Financial Performance and Market Based Performance Part 1 Marketing Strategy T 9/7 Read Chapter 1 What is Marketing Chapter 2: Marketing Segmentation Chapter 3: Targeting Read: How To Do Segmentation Right T 9/21 Group 1 Case Discussion Rosewood Hotels and Resorts: Branding to Increase Customer Profitability and Lifetime Value By: Chekitan S. Dev, Laure Mougeot Stroock Product number:2087-PDF-ENG Source:Harvard Business Publishing Brief Cases Chapter 4: Positioning Read: Customer Profitability and Lifetime Value T 9/21 Exam 1 (Chapters 1, 2, 3 & 4) In Class Part 2 Product Positioning T 9/28 Read Chapter 5: Products-Goods Group 2 Case Discussion: and Services Mountain Man Brewing Company By: Heide Abelli Read: The Product Portfolio Product number: 2069-PDF-ENG Special Topic: Using Conjoint Analysis Source: Harvard Business Publishing Brief Cases T 10/5 Chapter 6: Brands Read:Kevin Keller, “The Brand Report Card,” Harvard Business Review (Jan-Feb, 2000), Group 3 Case Presentation: Saxonville Sausage By: Kate Moore Product number: 2085-PDF-ENG Guest Speaker TBA Chapter 7 New Products (Will not be discussed in class) Toyota Prius: The Power of Excellence in Product Innovation and Marketing 13:37 minutes T 10/12 Exam 2 (Chapters 5, 6 & 7) In Class Part 3 Positioning Via Price, Place, and Promotion T 10/19 Chapter 8: Pricing Group 4 Case Presentation: Metabical: Pricing, Packaging, and Demand Forecasting Recommendations for a New Weight Loss Drug By: John A. Quelch, Heather Beckham Product number:4183-PDF-ENG T 10/12 Source:Harvard Business Publishing Brief Cases T 10/26 Chapter 9: Channels of Distribution and Business Networks and Logistics Group 5 Case Presentation Giant Consumer Products: The Sales Promotion Resource Allocation Decision By: Neeraj Bharadwaj, Phillip D. Delurgio Product number: 4131-PDF-ENG Source:Harvard Business Publishing Brief Cases Metrics (Problems and Discussion) Group 1: Discuss Net Marketing Contribution Marketing Return of Investment Marketing Return on Sales Problem: p.58 T 11/2 Chapter 10: Integrated Marketing Communications: The Advertising Message T 11/9 Chapter 11: Advertising Media and Integrated Marketing Communications T 11/2 Exam 3 (Chapters 8, 9, 10, & 11) In Class Part 4 Positioning: Assessment Through The Customer Lens T 11/16 Chapter 12: Customer Group 2: Discuss Evaluations Market Share Index Market Share Potential Share Development Index Problem: p.93 T 11/23 Chapter 13: Marketing Research Tools p.86 Group 3: Discuss Profit Impact of Customer Relationship Marketing Segment Profitability p. 166 Group 4: Discuss Advertising Elasticity Promotional Price Elasticity Trade Promotions and Customer Response p. 314-319 Group 5: Discuss Product Line Substitution Problem: p. 223 T 11/30 Chapter 14: Marketing Strategy T 11/30 Exam 4 (Chapters 12, 13, 14) In Class T 12/7 (Marketing Plan Due) Your Group# is _______ Your Group Members Are Telephone Email Cell Home Cell Home Cell Home Cell Home Cell Home Cell Home 1. Select a group manager 2. Group Manager must submit a copy of the above group list. 3. Responsibilities of the Group Manager are: a. schedule group meetings b. conduct meetings, assign a recorder to keep minutes of the meeting, typist for all materials c. make assignments for case and research presentations d. document all non attendance of group members e. submit non-attendance report of group members at mid-term and at the end of the semester