UNIVERSITY OF GUAM SCHOOL OF BUSINESS & PUBLIC ADMINISTRATION BA463 MARKETING MANAGEMENT Outline, Study, and Assessment Guide Spring 2014 M. TERESA O'BRIEN Associate Professor of Marketing Office: LG Bldg 124 Mailbox: SBPA Office Phone: 735-2533 Office hours as posted BA 463 Marketing Management – Spring 2014 TEXTBOOKS Walker, O.C., Mullins, J., Marketing Management: A Strategic Decision-Making Approach, 7th edition, Boston: McGraw-Hill Irwin, 2008. Deighan, M., Kinnear, T. & James, S., PharmaSim, Interpretive, 2005. (Can be downloaded at www.interpretive.com, details will be discussed in class.) Friedman, T. L., The World is Flat 3.0, New York: Farrar, Straus and Giroux, 2007. This may be available at some local bookstores, through Internet booksellers (Amazon.com), or in electronic form on-line for a fee. Reed, P., Marketing Planning and Strategy, Sydney: Harcourt Brace, 1992. distributed by professor during class.)* (Copies to be * Will be made available during class. COURSE DESCRIPTION AND CONTENT This advanced strategic marketing management course focuses on strategic marketing analysis and planning at both the corporate and SBU levels. It will use the concepts and theories underlying marketing decision-making and the tools needed to analyze and understand complex marketing situations found in today’s ever-changing marketplace. The course is designed to help managers develop and execute appropriate managerial strategies. An emphasis of this course will be on developing executive-level decision-making skills, which students are most likely to encounter during their current and future careers. Students will learn to apply analytical marketing perspectives, decision tools, and concepts to strategic management decisions to achieve organizational goals and objectives. The subject has been organized around the marketing planning process, strategic decision-making, market analysis, competitive analysis, and financial analysis, and the application of these to “real world” situations. OBJECTIVES Upon completion of this course, students should: Have an in depth understanding of the scope of the strategic marketing management function and its role within strategic management (BBA Goal 2 & 6); Understand the concepts, theories, tools, and techniques for developing competitive marketing strategies (BBA Goals 2 & 6); Be able to apply these concepts, theories, tools, and techniques to analyze external and internal environmental influences (BBA Goals 1, 2, 3, 4, 6 & 7); 2 BA 463 Marketing Management – Spring 2014 Be able to develop appropriate marketing strategies within a strategic marketing planning process (BBA Goals 2, 3, 4, 6 & 7), and Be able to effectively communicate marketing plans & strategies in a written and oral form (BBA Goals 5, 6, 7, 8 & 9). BBA Goals These course objectives align with the following program learning goals established for the Bachelor of Business Administration: BBA 1: Develop an understanding of the business environment of the Western Pacific Region BBA 2: Develop core business knowledge and competencies in a business field or area of concentration; BBA 3: Recognize how legal, regulatory, political and social environments affect ethical and socially responsible business decisions; BBA 4: Develop and appreciate an understanding of diversity, regional, and global issues in multicultural settings. BBA 5: Demonstrate effective communication abilities BBA 6: Demonstrate critical thinking and analytical skills; BBA 7: Demonstrate competency in information technology and ability to gather and synthesize information. BBA 8: Demonstrate the ability to interact with the business community; BBA 9: Demonstrate effective collaboration, teamwork and leadership. ASSESSMENT Student assessment in this subject will consist of a combination of end-of-semester examination and course work as follows: Marketing Plan Pharma Sim Research Report Individual assignments Final Examination 30% 20% 20% 10% 20% 100% Assessment of work will be made based on traditional criteria such as that set forth in the Assessment Guide included in this outline. GROUP ASSIGNMENT – THE MARKETING PLAN Students, working in groups of two or three, will develop and submit a marketing plan for assessment. The aim of this assignment is to provide students with some practical applied experience in the preparation of a marketing plan. The process of developing a marketing plan will be covered in the lectures, and students will be provided with specific instructions as to how this task should be conducted. Additionally, students should consult the Reed book, Marketing Planning and Strategy, listed above for guidance in format and content. 3 BA 463 Marketing Management – Spring 2014 Students will be assigned to a group and a marketing plan project. assignment are twofold: The objectives of this 1. to provide students with the opportunity to apply marketing tools to facilitate the action learning process, and 2. to familiarize students with the marketing planning process. Following the steps of marketing planning as set out in Reed, students working within their groups, are to prepare a marketing plan for an assigned organization (i.e. a strategic marketing plan). Students will have some access to company records, data, and personnel support. However, additional information will require substantial independent (i.e. library, public sources, internet) research on the part of each group. This is not an insignificant task and before embarking on the project it will be necessary for groups to prepare a proposed outline and course of action to the teacher. Further details of the requirements for the marketing plan will be reviewed during class lectures. An assessment sheet for this project is included at the end of this outline. Presentation The presentation to the class should be approximately 15-20 minutes long and each member of the group must participate. Given the time constraints of the presentation, it should go without saying that students must be very organized and concise in their presentations, which will require groups to be extremely well prepared, and creative. Groups are encouraged to consult the instructor prior to their presentations. Reports The reports should be typed in one and a half or double spacing with a wide margin for comments. All reports must be bound and clearly labeled identifying the case, students' names, ID numbers, class time and instructor. Each report should be accompanied by a signed letter of transmittal. An executive summary should be included at the beginning of the report, this should briefly cover the current situation, key issues and recommendations of the plan. The report should include a title page, table of contents, bibliography and pages should be numbered. Tables and Figures should be clearly labeled with appropriate headings and the source of the information. Each group should retain a copy of their report, in the event of unforeseen circumstances (i.e. lost, misplaced, destroyed, etc.). Points will be deducted for work that is not adequately referenced. A complete bibliography listing authors in alphabetical order and giving full details of each publication should be provided. The written report must be submitted one week after the oral presentation (see week indicated in the subject outline). A late penalty of 10% per day of the total allocated points for this project will apply to any late reports, regardless of reason. 4 BA 463 Marketing Management – Spring 2014 Group Work This is a group project. The same grade will be initially assigned to each member of the group for both the presentation and the report. If groups are experiencing any problems these must be discussed with the instructor prior to the presentation allowing enough time for resolution before the actual presentation. Successful group work requires a commitment from each member of the team to the outcome. Coordination and cooperation are, therefore, essential. You should discuss and agree on your objectives and ground rules for working together. Are you all agreed the objective is an "A" or a "C"? Goal conflict will inevitably lead to group conflict. Make sure you agree to a regular meeting (weekly is usually required) and exchange phone numbers. If your group does encounter problems you cannot resolve, these must be raised with your instructor prior to your presentation. Remember each member of the group will be awarded the same grade based on the group's performance. However, at the end of the term, each group member will be allowed the opportunity to provide input to the instructor on the performance of other members of their respective groups. You are also being assessed on your ability to work as a team. This will be taken into consideration when final points are calculated. GROUP ASSIGNMENT: PHARMASIM Throughout the term students will participate in PharmaSim, a competitive Internet computer marketing training simulation. This will be a group effort, where students compete indirectly with other teams within their own class. Each group will be assigned a role in marketing management for an individual firm. As part of this role they will make decisions with respect to product line, pricing, distribution, and promotional budgeting allocations and strategies. Additionally, students will be expected to monitor the environmental forces that affect their company's ability to effectively compete for market share and positioning in their respective markets. The simulation will commence in earnest in week 4. Students will have access to the simulation and instructions well before this date and are expected to have read all materials before beginning the simulation. The simulation will run until the last day of class, and the final decision sets will be due at this time. VERY IMPORTANT NOTE: Students should keep a notebook containing all decision sets and results. This is particularly important as in the past students have had occasion to lose or corrupt their data, and the only way to reconstruct a person’s efforts is through re-creation of the decisions. As mentioned earlier, this is a competitive game and marks will be based on overall class standing at the end of the simulation, as well as the total individual performance throughout the exercise. All decision sets are due at the beginning of the class on the days noted in the course outline. If the student is absent, it is still his/her responsibility to see that their decision sets get turned in when due and gets processed by the instructor. Further details and specific logistics for this exercise will be covered during class. 5 BA 463 Marketing Management – Spring 2014 INDIVIDUAL ASSIGNMENT: CASES, ETC. Students will be expected to read, analyze and discuss marketing cases, as assigned, during the course. Although, a written report on these cases is not required for submission, student participation in class discussions will be expected of all students. Students should be prepared to present these cases to the class if called upon. Therefore, notes are strongly encouraged as recollection aids. SPECIAL NOTE: Although there is no specific evaluation allocation for attendance and participation, students are expected to attend classes regularly, be prepared for discussion, and participate in all class assignments and exercises. Failure to do so will be factored into the individual evaluation points. ALL PROJECTS, ASSIGNMENTS, REPORTS, AND EXERCISES ARE DUE AS SPECIFIED BY THIS OUTLINE OR BY THE INSTRUCTOR - LATE WORK WILL NOT BE ACCEPTED! EXAMINATION There will be a comprehensive examination at the end of the semester designed to test students' understanding of marketing management principles and their ability to apply these. The examination will cover the basic concepts and other material discussed in the lectures and covered in the prescribed readings. The examinations will be closed book and will consist of a combination of subjective and objective questions. Details of the actual structure of the examinations will be provided to students in the examination review during class. SUGGESTED READING MATERIAL Aaker, D., Strategic Market Management, USA: Wiley 3rd edition, 1992. Ansoff, I., Corporate Strategy, UK: Penguin Business, revised edition, 1987. Argenti, J., Practical Corporate Planning, London: Allen & Unwin, 1988. Bradmore, D., Joy, S. and Kimberley, C. (1989), Marketing Visions, Classical and Topical Readings, Prentice Hall, New York, Cowell, D., The Marketing of Services, Heinemann, 1984. Cravens, D., Strategic Marketing, Boston: Irwin, 3rd edition, 1991. Davidson, J.H., Offensive Marketing, Harmondsworth: Penguin Books, 1987. Levinson, Jay Conrad, Guerilla Marketing, (Series), 19--. Ohame, K., The Mind of the Strategist, New York: Penguin, 1983. Porter, M., Competitive Strategy: Techniques for Analyzing Industries and Competitors, New York: The Free Press, 1980. 6 BA 463 Marketing Management – Spring 2014 Porter, M., Competitive Advantage: Creating and Sustaining Superior Performance, New York: The Free Press, 1985. Ries, A. and Trout, J., Bottom-up Marketing, New York: McGraw-Hill, 1989. Ries, A. and Trout, J., Marketing Warfare, New York: McGraw-Hill, 1987. Ries, A. and Trout, J., Positioning: The Battle for Your Mind, New York: McGraw-Hill, 1986. Ries, A. and Trout, J., The 22 Immutable Laws of Marketing, London: Harper Collins, 1993. Walker, O., Boyd, H., & Larreche, J., Marketing Strategy: Planning and Implementation, Boston: Irwin, 1992. Weinstein, A., Market Segmentation: Using Niche Marketing to Exploit New Markets, Chicago, Ill: Probus Publishing, 1987. JOURNALS AND MAGAZINES The following journals and magazines provide a useful source of reference material concerning the subject of marketing: Ad News Advertising Age American Marketing Association American Marketing Association Businessweek Directions Magazine Guam Business News Harvard Business Review Journal of Marketing Journal of Marketing Management Journal of Marketing Science Marketing News Pacific Daily News Time A collection of marketing journal article classics can be found in: Marketing Masters, American Marketing Association, 1991. Bradmore, D., Joy, S. and Kimberley C., Marketing Visions: Classical and Topical Readings, Sydney: Prentice Hall of Australia Pty Ltd, 1990. Ennis, B.M. and Cox, K.K., Marketing Classics: Selection of Influential Articles, Boston: Allen and Bacon, 1991 (7th edition). INTERNET RESOURCES In today’s electronic age the Internet offers a vast array of resources for Marketing reference including the following American Marketing Association website: www.marketingpower.com 7 BA 463 Marketing Management – Spring 2014 Please note that the number of other websites available is countless and should be tempered with a bit of common sense and caution as to the credibility of some of these sources. Please ensure that any information obtained from the internet comes from a reputable source (i.e. legitimate organizations or individuals). GRADING Final grading for projects, assignments, and the examination will be based on the following descriptions, which are provided to indicate the standard expected by the course instructor. These are included as a guide the help students select a standard to aim at for their coursework in this subject. Approx. Points % 90-100 80-89 70-79 Below 70 Grade A+ Standard Outstanding A Excellent AB+ Very Good Better than average B Average BC+ Low Average Below Average C Marginal F Unsatisfactory/ Unacceptable/Failure Description excellent critical conceptual analysis/comprehensive survey of relevant issues/ well argued well presented/ supported by additional research evidence good critical and conceptual analysis/good survey of relevant issues/satisfactory presentation/ additional research but not always effectively used rather more descriptive than critical and conceptual/ analysis lacks clarity in parts/evidence of additional research but not always effectively used perfunctory/almost entirely descriptive/narrow in conception/poorly argued/ little to no evidence of understanding/little evidence of a serious attempt/not presented PLAGARISM In line with our School’s program intent of developing ethical professionals, students must adhere to honesty and accurate referencing (where applicable) to cited sources on exams and assignments, respectively. Note that when making reference to published works/secondary data, etc. you must provide appropriate credit to your sources. Use the APA manual as a how-to guide for accepted citation format. Absolutely no credit/points will be granted for work where cheating and/or plagiarism are detected. Plagiarism will result in automatic failure of the course. The UOG Student Handbook p. 47 states that students should “not plagiarize." Further p. 49 defines plagiarism as follows: 8 BA 463 Marketing Management – Spring 2014 "The term "plagiarism" includes, but is not limited to the use by paraphrase or direct quotation, of the published or unpublished work of another person without full and clear acknowledgment. It also includes the unacknowledged use of materials prepared by another person or agency engaged in the selling of term papers or other academic materials." "Plagiarism is the deliberate attempt to deceive the reader through the appropriation and representation as one's own the work and words of others. Academic plagiarism occurs when a writer repeatedly uses more than four words from a printed source without the use of quotation marks and a precise reference to the original source in a work presented as the author's [read plagiarist's] own research and scholarship. Continuous paraphrasing without serious interaction with another person's views, by way or argument or the addition of new material and insights, is a form of plagiarism in academic work." Additionally, "3.6 Paraphrasing as plagiarism: Paraphrasing without reference to the original source and extensive or continuous paraphrasing, even when the source is mentioned, without the addition of material, that seriously interacts with the paraphrased passages or adds significant new information, is plagiarism. ... ... Legitimate paraphrasing takes place only where the source is acknowledged and where the paraphrasing is limited to material that is then discussed, explained, and argued about. Acceptable paraphrasing takes place when: 1) The paraphrasing does not dominate the writer's work; 2) Where the paraphrase is made to allow the author to interact critically with another person's views; 3) When the argument of the original text is re-written in different words." From the Univ. of Calgary web-page (www.ucalgary.cal~hexham/study/plag.html) ADA STATEMENT "If you are a student with a disability who will require an accommodation(s) to participate in this course, please contact me privately to discuss your specific needs. You will need to provide me with documentation concerning your need for accommodation(s) from the University of Guam's EEO/ADA Office. If you have not registered with the EEO/ADA Office, you should do so immediately at 735-2244/2971/2243 to coordinate your accommodation request." 9 COURSE OUTLINE WEEKLY LECTURE TOPICS* Spring 2014 Students should prepare for each Week by reading the assigned chapters from the prescribed text(s). Additionally, students should come prepared to participate in class discussions of any assigned exercises or supplemental material noted in the following outline. DATE TOPIC Week 1 Jan 23 Orientation Administrative Matters Week 2 Jan 28 & 30 Marketing Management Process Market-Oriented Perspectives Corporate and Business Strategies Assigned Reading: Boyd Chapters 1 & 2 Week 3 Feb 4 & 6 Market Opportunities - Environmental Analysis Introduction to PharmaSim (Assign Teams & Register) Group Project Assignment (Identify Company) Assigned Reading: Boyd Chapter 3 Reed Chapters 1 & 2 Week 4 Feb 11 & 13 Consumer Behavior Organizational Markets Review PharmaSim & Quiz Group Projects (Approve Company) Group Project: Outline Draft Due Assigned Reading: Boyd Chapters 4 & 5 Reed Chapters 3 & 4 Week 5 Feb 18 & 20 Measuring Market Opportunities Targeting PharmaSim - Decision 1 Due Assigned Reading: Boyd Chapters 6 & 7 Reed Chapters 5 & 6 Week 6 Feb 25 & 27 Differentiation & Positioning PharmaSim - Decision 2 Due BA 463 Marketing Management – Spring 2014 Group Project: Current Situation Analysis Draft Due Assigned Reading: Boyd Chapter 8 Reed Chapter 7 Week 7 Mar 4 & Mar 6 Business Strategies Marketing Strategies for the New Economy PharmaSim - Decision 3 Due Assigned Reading: Boyd Chapters 9 & 14 Reed Chapter 8 Week 8 Mar 11 & 13 Holiday – Charter Day Strategies for New and Growing Markets Group Project: Goals & Objectives Section Draft Due PharmaSim - Decision 4 Due Boyd Chapters 15 Week 9 Mar 18 & 20 Marketing Strategies for Mature & Declining Markets Product Decisions Group Project: Marketing Strategies Section Draft Due PharmaSim - Decision 5 Due Assigned Reading: Boyd Chapter 16 & 10 Reed Chapter 9 Week 10 Mar 25 & 27 Holiday – Spring Break Week 11 Apr 1 & 3 Pricing Decisions Distribution & Channel Decisions PharmaSim - Decision 6 Due Assigned Reading: Boyd Chapters 11 & 12 Week 12 Apr 8 & 10 Integrated Promotion Decisions PharmaSim - Decision 7 Due Assigned Reading: Boyd Chapters 13 Week 13 Apr 15 & 17 Organizing and Planning for Effective Implementation Measuring and Delivering Marketing Performance PharmaSim - Decision 8 Due Group Project: Action Plans Sections Draft Due Assigned Reading: Boyd Chapters 17 & 18 Week 14 Independent Research Paper Assignment 11 BA 463 Marketing Management – Spring 2014 Apr 22 & 24 The World is Flat Presentations & Discussion Assigned Reading & Report: Friedman PharmaSim - Decision 9 Due Week 15 Apr 29 & May 1 Research Paper Due Group Work Week Week 16 May 6 & 8 Conference Preparation Conference – Friday, May 4 Week 17 May 13 & 15 Marketing Plan Presentations PharmaSim - Decision 10 Due Final Examination Review The Final Examination will be held on the assigned day and time as stipulated by the administration during finals week scheduled May 19th – 21st. *Please note that the instructor reserves the right to alter or change any part of this outline. If changes are made students will be informed during class with ample time to fulfill requirements. 12 BA 463 Marketing Management – Spring 2014 WRITTEN/ORAL REPORT EVALUATION FORM Year/Semester:________ Student(s): Class Day/Time:_______________________ ___________________________ ___________________________ ___________________________ ___________________________ Poor Fair Satisf Good V.G. Excel 1. Situation Analysis – Background & Environmental Forces 2. Critical Success Factors 3. SWOT 4. Goals & Objectives 5. Formulation and Selection of Strategies 6. Segmentation, Targeting and Positioning Strategies 7. Marketing Mix Strategies 8. Action Plans 9. Thoroughness, Depth, Rigor 10. Clear arguments/convincing 11. Relevance to subject/theory/concepts 12. Understanding 13. Utilization of references 14. Presentation: Style, Creativity, Preparation 15. Structure, Flow, Logic 16. Audio/Visual Aids 17. Question Handling OVERALL MARK:___________ COMMENTS:_____________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ INSTRUCTOR:____________________________ 13