INTERNATIONAL MARKETING BUS335A – Fall 2013 Nila M. Wiese, Ph.D. Professor/BLP Director Office: McIntyre 111H Phone: 253-879-3390 e-mail: nwiese@pugetsound.edu Office Hours: Wed 10:00-12:00 BUS335A Fall 2013 T/T 11:00-12:20 MC303 If these times don’t work for you, I am always available by appointment. COURSE THEMES As the global economy becomes more complex and dynamic, businesses of all sizes demand global managers who understand how organizations can compete effectively in a variety of market environments. As companies increasingly explore opportunities in foreign markets, it will be more important to understand the similarities, differences, and peculiarities of operating in global versus domestic markets. The course has two overarching goals: First, the course provides students an opportunity to develop a more in-depth understanding of how the cultural, legal, political and economic factors affect international marketing of products and services. The emphasis is on how macro-environmental factors influence marketing management decisions. Second, the course examines the dynamics of global markets and provides a strategy framework that guides international marketing strategy formulation at the stages of entry, local market development, and global market integration. COURSE OBJECTIVES After successful completion of this course, students will: 1. Be able to demonstrate an understanding of key marketing concepts such as segmentation, targeting, positioning, branding, and market analysis, and apply them to global markets. 2. Be able to critically assess and evaluate opportunities and challenges presented by the global marketplace. 3. Have a solid understanding of marketing strategy formulation in the global context, and be able to apply concepts related to international market selection, global market entry, and growth and expansion strategies. 4. Be able to demonstrate proficiency in analyzing markets using secondary sources of information. 5. Develop oral, written, and cross-cultural communication skills appropriate for effective global marketing management. Wiese - BUS335A Fall 2013 LEARNING ENVIRONMENT This course is based on an interactive teaching approach and it is designed with your learning needs in mind. Therefore, students’ thorough and diligent preparation and participation inside and outside the classroom are critical. My role is to guide and support your learning; your role is to prepare class material to fully engage in and contribute to your learning and that of your classmates. As such, impeccable attendance, extensive individual preparation of readings and cases, and a willingness to contribute your knowledge and perspectives are expected. I encourage you to make full use of office hours. You can use office hours as a time to: clarify ideas; get additional readings or materials; go over work in progress; or, discuss careers in the field. You do not have to be having a problem to use office hours, and it is best not to wait until you are having serious difficulties. I look forward to working together this semester to make this course a productive, fun, and lasting learning experience for us all. I. CLASS FORMAT The course offers a variety of teaching tools that may suit different individual learning styles, including lectures, case analyses, videos, research projects, and individual and team presentations. Assigned readings and cases have been carefully selected to provide you with basic foundations on the topics to be discussed, in-depth analysis of particular aspects or dimensions of selected topics, and examples of specific approaches to global marketing. Assignments have been designed to give you an opportunity to acquire relevant knowledge and to develop and strengthen your research, analytical, and communication skills. The course will be managed through Moodle. I will post class schedules, assigned readings, homework, reminders of project deadlines, PowerPoint slides, etc. Please note that the purpose of PowerPoint slides is to help you structure the material presented in class. If you choose to print these slides in advance and bring them to class they may also decrease your writing load so that you can listen and participate more effectively. The slides are not a substitute for attending class and reading them will not be sufficient for performing well in the course. It is your responsibility to stay informed at all times of what is/will be happening in the course, so be sure to check Moodle on a daily basis. Lack of knowledge will not be considered an acceptable excuse for missed assignments or homework, or for inadequate class preparation. II. REQUIRED MATERIALS International Marketing-BUS335 (2013), Pearson Custom Library. Available at the UPS Bookstore. All other required readings will be posted on Moodle or can be accessed directly from the library databases (see schedule below). 2 Wiese - BUS335A Fall 2013 III. HOW LEARNING WILL BE ASSESSED 1. Written and Oral Assignments A. Case Analyses Case analysis is an integral learning tool in international marketing. Cases give students an opportunity to practice decision making in situations that come close to a real life scenario. Each student will prepare written analyses for two business cases. Detailed instructions will be provided and discussed on September 12; they will also be posted on Moodle. B. Skill Development Exercises You will be given a series of exercises to develop specific marketing-related skills and /or apply key concepts. Guidelines for each of these exercises will be provided on September 12; they will also be posted on Moodle. C. Team Project Students will complete a team project involving research, analysis, a written report, and an oral presentation. Detailed instructions will be provided on September 12; they will also be posted on Moodle. 2. Active Class Engagement Participation is a key component of this course, and you are expected to take an active and consistent role in class discussions. I also expect your contributions to class discussions to be insightful and to demonstrate careful and conscientious preparation prior to class. This means that you must read and analyze the assigned material (readings and cases) before class. One way to make contributions is to prepare questions or comments about readings or assignments that you want to have addressed during the class period. During class time, you may be asked to contribute in various ways, including: reviewing concepts from the previous class session, summarizing an assigned reading, answering discussion questions, participating in debates, etc. If you do not feel comfortable getting involved in open discussions, see me privately to discuss strategies for increasing your involvement. Quizzes may be given, without prior notice, to evaluate careful reading of assigned material. Quizzes will be given during the first ten minutes of class. There will be no make-ups for missed quizzes due to absence or tardiness. Regular attendance and punctuality are essential for successful completion of this course (see course policies below); remember, if you do not come to class you cannot participate in class! The professor will maintain an ongoing record of your attendance and punctuality. If you must miss class, you can submit up to two 250-300 word written contributions discussing the readings assigned for that day. This must be submitted via e-mail prior to class time. The professor reserves the right to remove a student from the course for excessive absences or tardiness (i.e., more than four such instances). Throughout the semester, you will be also required to complete a number of in-class exercises either individually or in small groups. 3 Wiese - BUS335A Fall 2013 Your final grade for active class engagement will be composed of: consistency and quality of your contributions to class discussions, level of preparation demonstrated during your participation in class activities, completion of in-class exercises, quizzes on assigned readings, attendance, punctuality, and classroom conduct. 3. Exams There will be three exams. All exams are integrative in nature (i.e., each exam will focus on topics as specified in the schedule, but you are expected to incorporate previously studied material when relevant). The exams will include a combination of short and long openended, essay-type questions. I will provide study guides to help you prepare for the exams. If, for a university approved reason, you cannot take an exam at the scheduled time, you must give me written notice at least one week in advance so that we can make other arrangements. If the situation does not allow for advance notification (medical or family emergency), contact me as soon as possible after the missed exam. Make-up exams for nonuniversity approved reasons are at my discretion. Failure to take any exam at the scheduled time will result in a score of zero for that exam. IV. COURSE POLICIES 1. Attendance and Punctuality You are expected to arrive to class on time and to remain in class until the end of the class session. Habitual tardiness is disruptive to the rest of the class; multiple absences (more than two) will hinder your ability to keep up with the demanding reading schedule of the course; both will result in a significant reduction in your attendance grade, and in some cases removal from the course. Do not schedule trips or any other personal activities during scheduled presentations. I will not make special arrangements or give make-up opportunities for anyone with non-emergency conflicts. 2. Academic Dishonesty You are expected to behave ethically and honestly throughout the development of this course. Due to the nature of this course, collaborative work is encouraged. However, misrepresenting another person’s work as your own, taking credit for someone else’s words or ideas, and soliciting or accepting help on a test or assignment when you are expected to work independently qualify as academic dishonesty. Any case of academic dishonesty will be taken seriously and pursued in accordance with University policies and procedures. 3. Accommodations for Students with Disabilities If you have a physical, psychological, medical or learning disability that may impact your course work, please contact Peggy Perno, Director of the Office of Accessibility and Accommodations, 105 Howarth, 253-879-3395. She will determine with you what accommodations are necessary and appropriate. All information and documentation is confidential. Please notify the professor during the first two weeks of classes of any accommodations needed for the course. 4 Wiese - BUS335A Fall 2013 4. Re-grading Policy Any complaints concerning grading should be called to the immediate attention of the professor in the form of a re-grade request. The student requesting the re-grade should indicate the reason(s) he/she believes an item or assignment should be re-graded. If the student believes his/her score on a graded assignment, quiz, exam, etc. contains an error, he/she must submit a written analysis containing the rationale for the error. This analysis needs to be supported by as much documentation from the readings and other sources as possible to have the highest probability of success. Asking verbally or submitting a short note asking the professor to “recheck #x” is insufficient, and this type of request will not be considered. The re-grade request must be given to the professor, in writing, no later than five working days after the graded item is returned to the student. The score on the re-grade will be final. 5. Other Class Conduct This course is highly interactive and participatory, and the workload is significant. Therefore, I expect each student to contribute to creating an open, harmonious, respectful, and productive learning environment. Some useful guidelines to accomplish this include: a. Contribute to class discussions in a positive and constructive manner, and make your contributions relevant to the issue at hand. b. Address the professor and your classmates in a respectful manner. If a classmate is talking, please wait until he/she is done rather than interrupting them. c. Turn off and put away your cell phones, MP3s, and any other electronic devices. d. Using your laptop computer in class is a privilege not a right, and it is up to the professor’s discretion to allow you to do so. If you plan to use a laptop in class be sure to use it only for the needs of this class. If I notice a student using his/her computer to look up non-class related sites, read or write assignments for other classes, check e-mail, or any other irrelevant activity, I will ban that student from using a laptop for the remainder of the semester. e. Avoid walking in and out of the classroom unless it is absolutely necessary. f. Please do not sleep in class—it is disrespectful to others and a waste of everyone’s time. If you are too tired to attend class, don’t come to class. 6. Student Bereavement Policy Upon approval from the Dean of Students’ Office, students who experience a death in the family, including parent, grandparent, sibling, or persons living in the same household, are allowed three consecutive weekdays of excused absences, as negotiated with the Dean of Students. For more information, please see the Academic Handbook. 7. Classroom Emergency Response Guidance Please review university emergency preparedness and response procedures posted at www.pugetsound.edu/emergency/. There is a link on the university home page. Familiarize yourself with hall exit doors and the designated gathering area for your class and laboratory buildings. 5 Wiese - BUS335A Fall 2013 If building evacuation becomes necessary (e.g. earthquake), meet your instructor at the designated gathering area so she/he can account for your presence. Then wait for further instructions. Do not return to the building or classroom until advised by a university emergency response representative. If confronted by an act of violence, be prepared to make quick decisions to protect your safety. Flee the area by running away from the source of danger if you can safely do so. If this is not possible, shelter in place by securing classroom or lab doors and windows, closing blinds, and turning off room lights. Lie on the floor out of sight and away from windows and doors. Place cell phones or pagers on vibrate so that you can receive messages quietly. Wait for further instructions. GRADE DISTRIBUTION You will be evaluated on the basis of written and oral work, examinations, and active class engagement as described above. Remember that I do not “give” grades; rather, you earn your grade. Distribution of points is as follows: Case Analyses 12% Skill Development Exercises 18% Team Project 25% Active Class Engagement 15% Exams TOTAL 30% _____ 100% 6 Wiese - BUS335A Fall 2013 Week 1 2 3 Dates TENTATIVE SCHEDULE* Topic Readings & Assignments** (Please complete before class) Sept 3 Course Introduction & Discussion of Syllabus Sept 5 1. Global Marketing - Intro Moodle: We are all marketers now; Five challenges for tomorrow’s global marketing leaders; How we see it-Three senior executives on the future of marketing Watch: http://www.mckinsey.com/insights/ organization/leaders_everywhere_a_ conversation_with_gary_hamel Sept 10 2. The Global Marketplace Moodle: Global forces-An introduction; Five forces reshaping the global economy; OECD Economic Outlook 2013-Summary Watch: (1) China’s Next Chapter: http://www.mckinsey.com/insights/ economic_studies/three_snapshots_from _chinas_next_chapter; (2) McKinsey’s five global forces shaping the future of business and society (https://www.mckinseyquarterly.com/ special_topics.aspx?stid=104&srid=57) Sept 12 2. Global Marketplace – Cont. Moodle: Disruptive technologies- advances that will transform life, business, and the global economy Discussion of Course Assignments Sept 17 2. Global Marketplace – Cont. Review: Cultural Environment Sept 19 3. Global Information Systems K&G - Ch. 1 Moodle: MK-Big data-The next frontier for innovation, competition and productivity; Applying advanced analytics in consumer companies Watch: MK-Making data analytics workthree key challenges 7 Wiese - BUS335A Fall 2013 Week Dates Topic 4 Sept 24 3. Information Systems – Cont. Skill Development Exercise #1 Sept 26 4. Global Market Opportunity Analysis & Market Selection Moodle: Remapping your strategic mindset; Competing for the global middle class; Cracking the next growth marketAfrica; The 86% Solution-The lands of opportunity Review: McKinsey’s Global Cities Report, slides, interactive map and charts (http://www.mckinsey.com/Insights/mgi/ research/urbanization/urban_world_cities _and_the_rise_of_the_consuming_class) Oct 1 4. Opportunity Analysis – Cont. Case: GENICON – A Surgical Strike into Emerging Markets (in-class discussion only) Oct 3 5. Segmentation, Targeting & Positioning K&G - Ch. 2 Moodle: Teens today, young adults in 2020; Rise of Generation C; The French consumer transformation; Meet the Chinese consumer of 2020 Oct 8 5. Segmentation – Cont Case DUE: www.dhonuk.com – Marketing Art in an Emerging Market Oct 10 6. Importing, Exporting, & Sourcing K&G - Ch. 3 Oct 15 Exam 1 Topics 1 - 5 Oct 17 7. Consumer Decision Making & Marketing Strategic Planning Case DUE: Harley-Davidson India Readings: HBR-Rethinking the 4 P’s (1-12013); To keep your customers, keep it simple (5-1-2012) 5 6 7 Readings & Assignments** (Please complete before class) 8 Wiese - BUS335A Fall 2013 Week Dates 8 Oct 22 Fall Break No Class Oct 24 8. Brand & Product Decisions in Global Marketing K&G – Ch. 4 Moodle: MK-The human factor in service design; Finding great ideas in emerging markets (pp. 115-120) Oct 29 8. Brand & Product Decisions in Global Marketing – Cont. Moodle: MK- Building brands in emerging markets Readings: HBR - Why you aren’t buying Venezuelan chocolate (12-2010) Oct 31 8. Brand & Product Decisions in Global Marketing – Cont. Cases DUE: United Cereal–Lora Brill’s Eurobrand Challenge & Elie SaabGrowth of a Global Luxury Brand Nov 5 9. Pricing Decisions in Global Marketing K&G – Ch. 5 Reading: The price is right-guidelines for pricing to enhance profitability Review: McKinsey’s interactive presentation & article “Enduring Ideas: The industry cost curve” (http://www.mckinsey.com/insights/ strategy/enduring_ideas_the_industry_ cost_curve Nov 7 9. Pricing Decisions in Global Marketing – Cont. Skill Development Exercise #2 Nov 12 Exam 2 Topics 6 - 8 Nov 14 10. Global Marketing Communications Decisions I K&G – Ch. 7 & 9 Moodle: MK-The Coming era of ‘on demand’ marketing 9 10 11 Topic Readings & Assignments** (Please complete before class) 9 Wiese - BUS335A Fall 2013 Week Dates 12 Nov 19 11. Global Marketing Communications Decisions II K&G – Ch. 8 & 9 Moodle: MK-Demystifying social media Nov 21 11. Global Marketing Comm. Decisions II – Cont. Skill Development Exercise #3 Nov 26 12. Global Marketing Channels & Physical Distribution K&G – Ch. 6 Nov 28 Thanksgiving No Classes Dec 3 12. Global Marketing Channels & Physical Distribution – Cont. Moodle: The future of shopping (pp. 6475); MK-China’s e-tail revolution Skill Development Exercise #4 Dec 5 Team Presentations 15 Dec 10 Team Presentations 16 Dec 17 Final Exam (12:00pm-2:00pm) 13 14 Topic Readings & Assignments** (Please complete before class) Topics 9 – 12 * NOTE: The Professor reserves the right to adjust the syllabus and schedule as needed to enhance students’ learning. Any changes (including, but not limited to, schedule changes, adding/deleting topics, changing assignments, redistributing grading, accommodating speakers and/or field trips) will be announced in class and posted on Moodle. The syllabus and schedule posted on Moodle supersede any hard copy distributed the first day of class. It is your responsibility to be aware of these changes at all times. ** K&G: Chapters from customized course textbook by Keegan & Green. Moodle: These readings are posted on Moodle, they are organized in folders and labeled exactly as they appear on this schedule. Additional readings may be posted throughout the semester. 10