IBUS 5711A International Marketing and Trade Summer 2013 (May / June) Class: Instructor: Office: Email: Office Hours: Tuesday 6:05 pm – 8:55 pm, room 328 DT Wade Rose, PhD 1007 DT wade_rose@carleton.ca Tuesday evenings after class i.e. at 9:00 pm Course Description: This course is designed to foster an understanding of the factors that influence buyer decisions in differing international markets. Product adaptation, distribution networks, promotion practices, cross-border pricing strategy and regulatory and other limitations will be discussed. The effects of culture and how they impact marketing approach will provide a connecting theme. Learning Objectives: 1. To become familiar with the numerous issues and perspectives which impact the practice of marketing in a global environment. 2. To understand approaches which can be used to analyse a firm’s internal / external environments and international target markets as part of the process of marketing strategy formulation. 3. Using case studies, hone analytical skills through the scrutiny of the internal / external environments and target markets of various firms. Hone marketing strategy formulation skills through the recommendations developed for these firms. Course Restrictions: Students must be enrolled in the Sprott MBA program. Course Prerequisites: n/a Readings - Articles (Mandatory) PDFs of the articles can be downloaded using the link in CULearn or from the Carleton Library site. Khanna, Song & Lee. (2011). The Paradox of Samsung’s Rise. Harvard Business Review, 89(7/8), 142-147. Monti & Yip. (2000). Taking the High Road When Going International. Business Horizons, 43(4), 65-72. Reeves & Deimler. (2011). Adaptability: The New Competitive Advantage. Harvard Business Review, 89(7/8), 134-141. 1 Thomas & Wilkinson. (2005). It’s the Distribution, Stupid. Business Horizons, 48(2), 125134. Thomke & Reinertsen. (2012). Six Myths of Product Development. Harvard Business Review, 90(5), 84-94. Wakayama, Shintaku & Amano. (2012). What Panasonic Learned in China. Harvard Business Review, 90(12), 109-113. Zimmerman. (2013). Contending with Chinese Counterfeits: Culture, Growth and Management Responses. Business Horizons, 56(2), 141-148. Readings – Articles / Chapters (Mandatory) These items can be obtained directly from Harvard Business Publishing or from Study.Net Wong. (2011). Building a Marketing Plan: Chapter 8: Planning for Integrated Marketing Communications. Harvard Publishing Product Number: BEP122-PDF-ENG HBSP. (2005). Pricing it Right: Strategies, Applications and Pitfalls. Harvard Publishing Product Number: 2629BC-PDF-ENG Readings – Cases (Mandatory): These items can be obtained directly from Ivey Publishing or Harvard Business Publishing as applicable, or from Study.Net Coke and Pepsi: From Global to Indian Advertising. Harvard Publishing Product Number: IMB387-PDF-ENG Colfax Corporation: Designing a Middle East Oil and Gas Distribution System. Harvard Publishing Product Number: KEL405-PDF-ENG Genicon: A Surgical Strike in Emerging Markets. Ivey Product Number: 9B10M041 Louis Vuitton in Japan. Ivey Product Number: 9B10M067 Marks and Spencer Enters China. Ivey Product Number: 9B12A036 Virgin Mobile USA: Pricing. Harvard Publishing Product Number: 504028-PDF-ENG 5711A Grading Scheme: Individual Individual Individual Individual Individual Participation Weekly Pre-reading / Case Write-ups Case Presentation Final Exam Total 15% 5 x 5% = 25% 30% 30% 100% Each component of your grade will be assigned a letter grade score. Your final course grade will be a weighted average of each of these components. Please ensure that all submissions include name and student number. Please submit Weekly Pre-reading / Case Write-ups in paper format. Participation: I will evaluate your overall contribution to the class discussion (both lecture and case discussions) from the perspective of both quantity and, more 2 importantly, quality (see the note below about class discussions for additional guidance). Your goal should be to make comments that facilitate the learning of your peers. As part of an MBA program, your participation and personal “investment” in this course are critical to both your learning and that of your peers. You must come to class fully prepared to materially contribute to all the discussions. Weekly Pre-reading / Case Write-ups: Each student will submit a write-up by the start of each of lectures 2 through 6, for a total of five write-ups. These documents are to be a maximum of four pages (doubled spaced, 12 pt font, 2.54 cm margins). Each write-up should cover key points from the pre-readings for the applicable lecture and how they relate to the case assigned for that week. Obviously you will not be able to cover all of the information in the readings / case, so just focus on the points that seem most important to you. Case Presentation: Each student will present one of the cases scheduled for discussion in the course. Your slides should follow the format detailed below, and your presentation should answer a basic question, ‘What should the company do?’. Your presentation will occur during the lecture designated for that case and should be 20-30 minutes in length. Please provide your slides as an attachment to an email to the professor at least 24 hours prior to the lecture. Your slides and presentation will be evaluated from the perspective of a company executive listening to you presentation. The presentations will be interactive in that we may stop at various points during the presentation to discuss important issues. You can choose any of the cases that are listed for lectures 2 through 6. Each student must choose a different case; as such, we will make the case selections during the first lecture. If two or more students want the same case, we will select by lot. Therefore, you may want to come to the first class with a couple of the cases in mind. Final Exam: The final exam will be a three-hour written exam which will take place one week after the final lecture (i.e. 6:05 pm, 18 June, 328 DT). It will cover all course materials, except the details of the cases, and will be in a short and/or long answer format. Case Presentation Format Title Slide Agenda Background including Problem Statement Analysis Alternatives Comparison of alternatives and rationale for your chosen alternative High level strategy and action plans (what, who, when, how, resources required) 3 A Note About Class Discussions: Regular participation / contribution from all class members is essential for effective discussion. Meaningful contribution requires that you teach your peers something useful that might otherwise have gone unnoticed. Here are a few examples: starting off the discussion in a thought-provoking way respectfully offering constructive criticism of another’s ideas redirecting the discussion in a useful direction when it stagnates summarizing effectively emphasizing generalizable learning points sharing calculations pursuing the logic advanced by others, not letting it die prematurely presenting rigorous, but not stubborn, defense of a well-articulated position. Late Assignment Policy: Written assignments are due at the beginning of class. As these documents are part of your class preparation, they are only helpful before class discussions have taken place; therefore, late assignments will not be accepted. Policy on Mobile Devices: The use of mobile communications devices such as cellular phones is NOT PERMITTED in this class. It is disruptive to the instructor and class members. If you carry such a device to class, please make sure it is turned off. If an emergency situation requires you to keep it turned on you may place the device in silent mode. However, this must be discussed with the instructor prior to class. Drop Course Policy Students can drop a course up until the END of the second week of classes. Students that drop a class in the third week will receive a WDN but will automatically have the grade changed to ABS. A grade of ABS is considered a failing grade. A required course will have to be taken again. Students with medical reasons and supporting documentation may petition the School to have the ABS grade changed back to WDN. 4 IBUS 5711A Course Schedule: Week 1 Date Topics / Deliverables 7 May Global Markets Pre-class Preparation Articles: (1) Reeves & Deimler. (2011). Adaptability: The New Competitive Advantage. (2) Khanna, Song & Lee. (2011). The Paradox of Samsung’s Rise. Case: Marks and Spencer Enters China. 2 14 May Market Entry Strategies Submit: Pre-Reading/Case Write-up. Articles: (1) Monti & Yip. (2000). Taking the High Road When Going International. (2) Wakayama, Shintaku & Amano. (2012). What Panasonic Learned in China. Case: Genicon: A Surgical Strike in Emerging Markets 3 21 May The International Marketing Mix: Products and Services Submit: Pre-Reading/Case Write-up. Articles: (1) Thomke & Reinertsen. (2012). Six Myths of Product Development. (2) Zimmerman. (2013). Contending with Chinese Counterfeits: Culture, Growth and Management Responses. Case: Louis Vuitton in Japan. 4 5 28 May 4 June The International Marketing Mix: Distribution Article: Thomas & Wilkinson. (2005). It’s the Distribution, Stupid. Submit: Pre-Reading/Case Write-up. Case: Colfax Corporation: Designing a Middle East Oil and Gas Distribution System. The International Marketing Mix: Pricing Article: HBSP. (2005). Pricing it Right: Strategies, Applications and Pitfalls. Submit: Pre-Reading/Case Write-up. Case: Virgin Mobile USA: Pricing. 5 6 11 June The International Marketing Mix: Communications Submit: Pre-Reading/Case Write-up. 18 June Article: Wong. (2011). Building a Marketing Plan: Chapter 8: Planning for Integrated Marketing Communications. Case: Coke and Pepsi: From Global to Indian Advertising. Final Exam - 1805 hrs – DT 328 IMPORTANT ADDITIONAL INFORMATION Required calculator in BUSI course examinations If you are purchasing a calculator, we recommend any one of the following options: Texas Instruments BA II Plus (including Pro Model), Hewlett Packard HP 12C (including Platinum model), Staples Financial Calculator, Sharp EL-738C & Hewlett Packard HP 10bII Group work The Sprott School of Business encourages group assignments in the school for several reasons. They provide you with opportunities to develop and enhance interpersonal, communication, leadership, follower-ship and other group skills. Group assignments are also good for learning integrative skills for putting together a complex task. Your professor may assign one or more group tasks/assignments/projects in this course. Before embarking on a specific problem as a group, it is your responsibility to ensure that the problem is meant to be a group assignment and not an individual one. Medical certificate Please note that in all occasions that call for a medical certificate you must use or furnish the information demanded in the standard university form. http://www2.carleton.ca/registrar/forms/ Academic Accommodations for Students with Disabilities The Paul Menton Centre for Students with Disabilities (PMC) provides services to students with Learning Disabilities (LD), psychiatric/mental health disabilities, Attention Deficit Hyperactivity Disorder (ADHD), Autism Spectrum Disorders (ASD), chronic medical conditions, and impairments in mobility, hearing, and vision. If you have a disability requiring academic accommodations in this course, please contact PMC at 613-520-6608 or pmc@carleton.ca for a formal evaluation. If you are already registered with the PMC, contact your PMC coordinator to send me your Letter of Accommodation at the beginning of the term, and no later than two weeks before the first in-class scheduled test or exam requiring accommodation (if applicable). After requesting accommodation from PMC, meet with me to ensure accommodation arrangements are made. Please consult the PMC website for the deadline to request accommodations for the formally-scheduled exam (if applicable). Religious observance Students requesting academic accommodation on the basis of religious observance should make a formal, written request to their instructors for alternate dates and/or means of satisfying academic requirements. Such requests should be made during the first two weeks of class, or as soon as possible after the need for accommodation is known to exist, but no later than two weeks before the compulsory academic event. Accommodation is to be worked out directly and on an individual basis between the student and the instructor(s) involved. Instructors will make accommodations in a way that avoids academic disadvantage 6 to the student. Students or instructors who have questions or want to confirm accommodation eligibility of a religious event or practice may refer to the Equity Services website for a list of holy days and Carleton's Academic Accommodation policies, or may contact an Equity Services Advisor in the Equity Services Department for assistance. Pregnancy Pregnant students requiring academic accommodations are encouraged to contact an Equity Advisor in Equity Services to complete a letter of accommodation. The student must then make an appointment to discuss her needs with the instructor at least two weeks prior to the first academic event in which it is anticipated the accommodation will be required. Plagiarism The University Senate defines plagiarism in the regulations on instructional offenses as: "to use and pass off as one's own idea or product work of another without expressly giving credit to another." Borrowing someone else's answers, unauthorized possession of tests or answers to tests, or possession of material designed in answering exam questions, are also subject to university policy regarding instructional offences. For more information on Carleton University's Academic Integrity Policy, consult: http://www1.carleton.ca/studentaffairs/academic-integrity/ Summer Term 2013 May 6 Early summer and full summer classes begin. May 13 Last day for registration and course changes for early summer courses. May 17 Last day for registration and course changes for full summer courses. May 20 Statutory holiday. University closed. May 31 Last day to withdraw from early summer courses with full fee adjustment. June 7 Last day to withdraw from full summer courses with a full fee adjustment Last day to submit to the Paul Menton Centre for Students with Disabilities, formal Examination Accommodation Forms for June examinations. June 14 MBA early summer classes end June 17-21 MBA early summer exams and final deliverables June 24-28 MBA class break 7 June 30 Final deadline for summer term fee payment. July 1 Statutory holiday. University closed. July 2 Late summer classes begin. Full summer classes resume. July 9 Last day for registration and course changes for late summer courses. July 19 Last day for withdrawal from late summer courses with full fee adjustment. July 26 Last day to submit to the Paul Menton Centre for Students with Disabilities, Formal Examination Accommodation Forms for August examinations. August 5 Statutory Holiday. University closed. August 14 Last day of late summer and full summer classes. Last day for academic withdrawal from late summer and full summer courses and any other courses that end this term. Last day for handing in term assignments, subject to any earlier course deadline. August 16 Summer Co-op Work Term Reports are due. August 17-22 Summer examinations may be held. Examinations are normally held in the day and evening during the Monday to Saturday period. In exceptional circumstances, it may be necessary to schedule an examination on a Sunday. September 27-28 Summer term deferred final examinations will be held. Examinations are normally held in the day and evening. September 30 Last day for receipt of applications for review of final grades for summer term courses. 8