Course Outline MM-II
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Transcript of Course Outline MM-II
JAIPURIA INSTITUTE OF MANAGEMENT, NOIDAPGDM; PGDM (M); TRIMESTER- II; ACADEMIC YEAR 2014-15
1. Course Code: 2. Course Title: Marketing Management II
3. Course Overview:
This course on Marketing Management-II takes into cognizance the learning of the students from the previous course (MM-I). Thus the students develop a critical appreciation of the basic concepts and techniques of marketing management and strategy holistically, with an emphasis on creating customer value and building customer relationships. The course develops concepts, and skills necessary for marketing decision-making and illustrates how various decision-making tools apply to actual business situations.
Marketing is a value-enhancing function that identifies opportunities, develops markets, and builds brands. Consequently, effective marketing enables companies to charge price premiums, sustain competitive advantage and maintain long-run profitability. To this end, the course covers the topics like pricing, designing distribution channels, and managing marketing-mix activities, all leading to development of a marketing plan over the previous concepts built in MM-I like conducting customer and competitor analysis, developing new products, branding and brand extension.
Besides, the goal of this course is to develop a rigorous and logical process for addressing marketing issues and problems in a variety of settings, and to give the students the tools and background necessary to think through marketing decisions. The course also aims to inculcating a basic insight into aspects of strategizing and controlling functions of marketing.
Through the use of a marketing plan project, students are encouraged to apply the concepts and generalizations to a real life product or service.
4. Learning Outcomes:
After undergoing this course, the student will be able to:1. Develop conceptual understanding of the marketing mix strategy.2. Analyze critically the marketing actions/ strategies adopted by an organization.3. Apply the knowledge to develop feasible marketing solutions. 4. Evaluate suitable strategic and tactical options applicable to a marketing situation. 5. Design a marketing plan for an organization.
5. List of Topics/ Modules:
Topic/ Module Contents/ Concepts
Module 1: Marketing Planning Marketing Plan
Module 2: Capturing Pricing Strategy
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Customer Value Price Changes
Module 3: Delivering Customer Value
Distribution and Channel Management Marketing Logistics & Supply Chain Management Retailing & Wholesaling
Module 4: Communicating Customer Value
Integrated Marketing Communication strategy Developing overall Promotion Mix Advertising & Sales Promotions Personal Selling & Public Relations Direct & Online Marketing
Module 5: Competitive Strategy & Implementation
Creating Competitive Advantage Competitor Analysis Balancing Customer & Competitive Orientation Marketing Implementation & Control
6. Evaluation Criteria:
Component Description Weight
1.Quizzes There will be three quizzes of MCQ(s) which will be conducted unannounced and the best two of the three will be taken for grades.
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2.Class Participation & Reflective Notes
Reflection is a form of personal response to experiences, situations, events or new information. It helps you therefore to recognize and clarify the important connections between what you already know and what you are learning. It is a way of helping you to become an active, aware and critical learner. The reflective notes would highlight student’s key learning which would be help in the preparation of the Marketing Plan. The rubrics for its evaluation shall be discussed in the class.
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3.Marketing Plan Report & Presentation
The students will prepare a detailed marketing plan while working in their study groups. Session one will include a discussion on the detailed components of the plan and in session two project expectations from the students will be addressed. The report will be based on a combination of desk research as well as field investigation. Students are encouraged to bring in evidence and insights from multiple sources. The students must ensure that the report is original in content and updated on information.The student groups are required to make a presentation of not more that 20 minutes in duration. It is advised that the students practice their presentation to manage time effectively. The students will be expected to present specific components of their marketing plan, for example their product strategy or environment scanning.
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4.Mid-term examination This will consist of conceptual questions and 20
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application based questions.
5.End-term examination This will consist of a case study; application based situational questions & conceptual questions
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7. Recommended/ Reference Text Books & Resources:
Text Book Kotler, Philip, Armstrong, G., Agnihotri, P.Y., Haque, Ehsaan ul, (2011), Principles of Marketing, a South Asian Perspective; 13th edition, New Delhi, Pearson Education.
References 1. Kotler, Philip, Keller, K., Koshy, A., Jha, M., Marketing Management, a South Asian Perspective, 14th edition, N. Delhi, Pearson Education. (KKKJ)
2. Ramaswamy, V S, Namakumari, S, Marketing Management – Global Perspective, the Indian Context, 5th
edition, New Delhi, Macmillan Publications.(RN)3. Bains, P., Fill, C., Page, K., Sinha, PK, (2013), Marketing –
Asian Edition, New Delhi, Oxford University Press. (BFPS)
Internet Resources 1. www.mplans.com: This website gives details of how to write marketing plans by offering sample marketing plans.
2. www.cim.co.uk/resources/home.aspx: This website gives wide variety of market reports, marketing facts and marketing research papers.
3. www.marketingprofessor.com: This website gives information about the latest happenings in the area of marketing.
4. www.blueoceanstrategy.com: This website gives information on non conventional approach of blue ocean strategy in detail.
8. Session Plan:
Session Topic Readings (Chapter No. &Pp.)/ Cases
Session & Course LOs
Module 1: Marketing Planning
1 Marketing Plan Purpose Components
DiscussionText, Ch 2, Pp. 50
Understand the linkage between Marketing Planning and Marketing Strategies & Programs LO1
2 Marketing Plan- Illustration Marketing Plan: Lifebuoy Discussions on Students’
Projects
DiscussionRN, Marketing Management 5th ed., Ch 7, Pp. 159-160
List contents of a Marketing Plan
LO2
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Module 2: Capturing Customer Value
3 Determinants of Pricing Customer Perception of
Value Company & Product Costs Internal & External
Considerations
DiscussionText, Ch 10, Pp. 248-256Readings: Blue Denim, KKKJ, Pp 350
Understand important determinants that shape pricing program.
LO1
4 Pricing Strategies New Product Pricing Promotion Mix Pricing
Strategies
DiscussionText, Ch 11, Pp. 267-271Readings: Harry Potter Price Magic, BFPS, Pp 305
Analyze relevant Value pricing techniques.
LO2
5 Pricing Strategies Price Adjustment
Strategies Initiating & Responding to
Price Changes
DiscussionText, Ch 11, Pp. 271-281Case: Southwest Airlines, KKKJ, Pp. 372-373
Employ price adjustment strategies relevant to a marketing situation. LO3
6 Project Work Presentation 1Project Work Presentation 2 LO5
Module 3: Delivering Customer Value
7 Marketing Channels & Value Network
Channel Functions Channel Levels Chanel Behaviour &
Organization
DiscussionText, Ch 12, Pp. 291-299Readings: Apollo Clinic, KKKJ, Pp 381
Understand Channel Dynamics and show how channel strategy relates to marketing strategy. LO1
8 Channel Decisions Channel Design Channel Management
DiscussionText, Ch 12, Pp. 300-304Case: Channel Strategy- Titan Watches, RN, Pp. 488-491
Analyze the determinants of channel design & management.LO2
9 Integrated Logistics Systems Marketing Logistics Supply Chain Management
DiscussionText, Ch 12, Pp. 305-309Readings: The Rise of Infomediary, BFPS, Pp 435
Evaluate suitable tactical options for integrated logistics systemsLO4
10 Project Work Presentation 3Project Work Presentation 4 LO5
11 Modern Retailing Guest Session 1 LO2, LO4
Module 4: Communicating Customer Value
12 Marketing Communication Mix Role of Marketing
Communication Developing Effective
Communication Mix
DiscussionText, Ch 14, Pp. 343-357Readings: Marketing the Indian Air Force: Mission Udaan, BFPS, Pp 336
Outline the marketing communication process and devise an IMC plan suited to a marketing situation.LO1
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13 Marketing Communication Mix Developing & Managing
Advertising Program Sales Promotions As a tool
of Promotion Mix
DiscussionText, Ch 15, Pp. 365-376;Ch. 16, Pp. 405-409Case: Intel Inside-Advertising Builds a great brand, RN, Pp. 607-609
Evaluate suitable strategic options for managing advertising & sales promotions programs.
LO4
14 Marketing Communication Mix Managing Sales Force Major Decisions in
Marketing Public Relations
DiscussionText, Ch 16 Pp. 390-400;Ch. 15, Pp. 380-382Reading: PR taking off, BFPS, Pp 370
Apply the knowledge to develop sales force management program.
LO3
15 Direct & Online Marketing New Digital Direct
Marketing Technologies
DiscussionText, Ch 17, Pp. 415-423Case: Amway Direct Selling In India, RN, Pp. 528-530
Understand different forms of direct marketing.
LO1
16 Project Work Presentation 5Project Work Presentation 6 LO5
Module 5: Creating Competitive Advantage & Marketing Implementation
17 Competitor Analysis Identify & Assess
Competitors Selecting Competitors to
Attack or Avoid
DiscussionText, Ch. 18 Pp. 444 – 447Readings: Ujala, KKKJ, Pp 219
Understand need to study competitors analysis.
LO1
18 Competitive Strategies Basic competitive
strategies Market Leader strategies Market Challenger
Strategies Market Follower strategies Market Nicher Strategies
DiscussionText, Ch. 18, Pp. 450-458
Analyze various competitive strategies applicable at the market place.
LO2
19 Project Work Presentation 7Project Work Presentation 8 LO5
20 Balancing Customer and Competitive Orientation & Blue Ocean Strategies
Guest Session 2 LO2, LO4
21 Project Work Presentation 9Project Work Presentation 10 LO5
22 Marketing Implementation & control
Marketing Implementation Tools of Marketing Control
DiscussionKKKJ, Ch 21, Pp. 579-581
Understand the implementation process & control tools.LO1
23 Marketing 3.0 Marketing in Emerging
Economies
Open Session Organize & analyze the emerging trends in marketing.LO2
24 Integrative Session Discussion LO2, LO3, LO4
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9. Contact Details:
Name of the Instructor:
Office Location:
Telephone:
Email:
Teaching Venue:
Website:
Office Hours:
Online Links (Link to Blackboard):
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