1 MIDLANDS STATE UNIVERSITY FACULTY OF COMMERCE Bachelor of Commerce Marketing Management Honors Degree DEPARTMENT OF MARKETING MANAGEMENT Principles of Marketing Management: MM101 Lecturers: Marufu B. Cell: 0773004134, E-mail: marufub@msu.ac.zw Chokera F. Cell: 0772 781 812/0713 122 222 Chokeraf@msu.ac.zw Module Outline. Module objectives: To introduce students to the principles of marketing and acceptable marketing practices that develops the role of marketing in the business today. i. ii. Make the students aware of terminology and vocabulary of marketing with ultimate objective of equipping them to analyze situations and develop workable marketing strategies. To expose the philosophies and concepts of marketing that provide management knowledge needed in today’s ever-changing environments. Module content 1. The nature and role of marketing Definition of marketing and the marketing concept Role of marketing Origins of marketing Critics of marketing Characteristics of a modern marketer 2. The marketing environment Micro and macro-environments Environmental opportunities and constraints Responding to the global marketing environment 3. Marketing Information Gathering Importance of research 1 2 Components of an information system The marketing research process 4. Consumer and buyer behavior Information and decision making Internal and external variables affecting consumer behavior Types of buying behaviors 5. Industrial/organizational markets Industrial Vs consumer markets Process of industrial buying Characteristics of organizational markets Types of buying under industrial markets 6. Market segmentation Concept of segmentation Basis of segmentation A seven step approach to segmentation Segmentation, positioning and target marketing 7. The marketing mix elements Product Product classification Packaging and JND concept PLC variations New product strategy Services marketing Characteristics of service Place Some duties of middlemen Types of distribution channels Criteria for selecting a distribution channel Distribution intensities Price Pricing objectives and strategy Factors influencing pricing Broad pricing policies Promotion Communication process 2 3 Communication mix Promotional objectives and budgeting 8. The soft Ps Physical evidence People Process 9. Global marketing International marketing approaches Challenges of global marketing 10. Corporate Social responsibility and marketing ethics Concept of corporate social responsibility Consumerism Environmentalism Continuous assessment One individual assignment 30 marks One group Assignment 30 marks In – class Test/ Presentations 30 marks Assignments should conform to the following; a) b) c) d) Typed with 1.5 spacing, 12 font and ARIEL Referencing using Harvard System Submission directly to lecturer Meet set deadlines and due dates, penalty for late submission. Recommended texts 1. Kotler P. Armstrong, (2000), Principles of Marketing, millennium Edition, Prentice Hal, New Delhil 2. Kotler P 2009. Principles of Marketing, 13th Edition 3. McCarthy J. Perreault, (1997) Basic Marketing, 12th Edition, Irwin & Homewood 4. Stanton, William J. , (1991), Fundamentals of Marketing 10th edition, Mcgraw Hill 5. Journals of Marketing and management 6. Online Resources www.knowthis.com./principles –of-marketing www.learnmarketing.net 3 4 http.wikipedia.orgk 4