MARKETING STRATEGY MK- 620 School of Business & Economics Resource Person Program Prerequisite for the course Credit Hours Semester Class Timings E-mail Mobin ul Haque MS Marketing 3 Fall 2014 Mon 6:30 to 9:30 mobin@umt.edu.pk INTRODUCTION Marketing as a concept was introduced in the world around 1935. Over time the concept has matured and developed into a fully recognized discipline with its own recognizable domain and paradigms with unique beliefs and assumptions. It has emerged as a major contributor to the overall society and firm. However, with the turn of the century, the domain of marketing, like any other academic domain, is going through a process of realignment with the new realities. Challenge of the marketers in this era is to revisit and realign the marketing concepts with the upcoming challenges of the globalized and digitalized economies of the world. This course on Marketing Strategy aims to provide the knowledge of the critical debates, issues and trends in broad marketing discipline. It specifically deals with the “boundary spanning function” and “integrative aspect” of marketing to the students. It seeks to broaden the minds of the students by highlighting the role of marketing in managing the strategic function of the organization as opposed to the narrow functional perspective, believed by many. UMT – School of Business and Economics LEARNING OBJECTIVES After studying this course the participants should be able: 1. To provide an understanding of and appreciation for the role of marketing in managing a business. 2. To describe the major theories, concepts and issues in developing marketing strategy 3. To understand how marketing helps in creating competitive advantage 4. To understand the emerging discussions in managing traditional aspects of marketing LEARNING METHODOLOGY RESEARCH ARTICLES, CASES AND CLASS DISCUSSION RECOMMENDED TEXT BOOK 1. Research articles ASSESSMENTS: All of the activities held during the semester will be evaluated; the final grades for the course will be as follows COURSE EVALUATION WEIGHTAGE Assignments 20% Presentation Position Paper 10% 20% Final paper 50% CLASS PARTICIPATION & ATTENDANCE Prior Preparation, Regular Attendance, and Professional Participation in all classes is Expected and Rewarded. Come to the Class prepared to lead the class discussion for analytical interpretations, alternative strategies, and persuasive solutions. Please arrive on time and leave as scheduled. Absences will negatively impact your grade. QUALITY of all communications, written and oral, will be evaluated. UMT – School of Business and Economics PERSONAL ETHICS We all live in a world that is heavily dependent upon a web of trust. This web knits together colleagues, superiors, and subordinates inside the organization and suppliers and customers outside the organization. The same trust also exists between a teacher and student (s). It is therefore strongly advised that individuals or team (as defined by the assignment or project) keep themselves clear from academic dishonesty. Cheating, plagiarism (submitting the language, ideas, thought or work of another as one’s own) or otherwise obtaining grades under false pretences will result in either a fine by the disciplinary committee or a failing grade in the course or both. CALENDAR OF ACTIVITIES Starting Date: October 4, 2010 Sessions Topics 1 Theory of Marketing 2 Market orientation I 3 MO 2 Assignment Position paper Marketing as a culture 4 Relationship marketing+Internal marketing 5 Marketing Performance 6 Customer satisfaction 7 The concept of Value 8 Competitive advantage & competition 9 Capabilities of Market oriented organizations UMT – School of Business and Economics Discuss the rationality and impact of Relationship marketing on Marketing concept Write a brief note on capabilities of a market oriented organizations 10 Concept of 4Ps in marketing 11 Branding 12 Channel Strategies 13 Marketing in the 21st centuryissues and challenges + History of marketing 14 15 UMT – School of Business and Economics