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UNIVERSIDAD DE ESPECIALIDADES ESPÍRITU SANTO FACULTAD DE ESTUDIOS INTERNACIONALES SYLLABUS ENGLISH VERSION FOR DAC 11 VER 12 03 09 SUBJECT: Strategic Marketing FACULTY: Nuria León CONTACT HOURS: 48 YEAR: 2011 DAYS: Mon- Thursday ROOM: CODE: UMKT415 CREDITS: 3 NON-CONTACT HOURS: 96 H PERIOD: Fall II SCHEDULE: 7:30 pm to 8:50 pm DATE: October, 2011 1. COURSE DESCRIPTION This course provides the student with a clear understanding of the decision-making processes involved in creating and implementing marketing strategies. The concepts, theories, and ideas are given practical application in case studies, in regular class discussions, and in the project, which builds throughout the course. Emphasis is placed on thinking, on communicating, on problem solving and on using analytical tools to aid decisions about marketing strategies. 2. JUSTIFICATION The general purpose of this course is to provide students with the necessary tools to be able to build an effective and successful marketing plan based on the goals of the company. Students will be able to become decision-makers, applying their knowledge through well-planned strategies in real marketing situations. 3. OBJECTIVES a. GENERAL Guide students in the process of becoming decision-makers, developing a strategic way of thinking, in order to implement an effective marketing strategy. b. SPECIFIC Formulate and implement marketing strategies. Identify market opportunities. Formulate and implement corporate growth strategies. Develop strategies to target attractive market segments. Create and implement a long-term positioning strategy. 4. COMPETENCIES Throughout this course students will be able to analyze the environment in which the company works, identify potential opportunities and formulate strategic decisions that will lead to the achievement of the company’s mission and goals. 5.- COURSE CONTENT OUTLINE DATE Specific competencies Content Mon October 31 -The student registers the course aim, content & methodology. -Introduction of -Review bibliography: the course: communication/marketing books and pdfs Profiles, Syllabus required. Review. -The student demonstrates the ability to brainstorm and knowledge about principles of marketing. Tue -The student November defines 1 Strategic Marketing. Homework/projects/assignments (Non-Contact Hours) -What is Strategy? -Exercises in groups to understand marketing strategy. -What is Marketing? -What is Strategic Marketing? -Introduction to Strategic Marketing. ASSESSMENT (performance indicators) -Discussion in class to elaborate the definition of Strategic Marketing. -Read and Study (pg.2-23) Marketing Planning and Strategy, 6th Edition (2000). -Exemplifies of what marketing strategy is. -Definition of Strategic Marketing. Mon -The student November recognizes the 7 importance of a successful marketing strategy implementation. -Marketing and the concept of planning and strategy. Read and Study (pg.23-42) Marketing Planning and Strategy, 6th Edition (2000). -Discussion with classmates about the relation between planning, strategy and marketing. Tue November 8 -Market oriented perspectives underlie successful corporate, business and marketing strategies. -Read and Study (pg.1-24) Marketing Strategy, -A decision-Focused Approach, 7th Edition (2011). -Interpret the market perspectives for a successful marketing strategy. Wed -The student November analyses and 9 describes the key aspects of strategic marketing. -Strategic Analysis: Corporate Appraisal -Read and Study (pg.45-71) Marketing Planning and Strategy, 6th Edition (2000). - Analysis Corporate strategy decisions and marketing implications -Read and Study (pg.31-53) Marketing Strategy, -A decision-Focused Approach, 7th Edition (2011). Thur November 10 -Strategic Analysis: Understanding Competition -Differentiation and Brand Positioning -Read and Study (pg.73-103) Marketing Planning and Strategy, 6th Edition (2000). -Read and Study (pg.153-171) Marketing Strategy, -A decision-Focused Approach, 7th Edition (2011). -Evaluates competition for marketing strategy. -Differentiates competing brands. Mon November 14 -Strategic Analysis: Focusing on the Costumer -Read and Study (pg.104-125) Marketing Planning and Strategy, 6th Edition (2000). -Diagnosis of customer in order to elaborate marketing strategy. Tue November 15 -Strategic Analysis: Scanning the Environment -Read and Study (pg.126-156) Marketing Planning and Strategy, 6th Edition (2000). -Propose changing environments and the results. Wed -The student November identifies the 16 meaning of developing strategic marketing to reach objectives and goals. - Strategic Capabilities and Direction: Measuring Strengths and Weaknesses. -Read and Study (pg.160-182) Marketing Planning and Strategy, 6th Edition (2000). -Determines Strength and Weaknesses for Marketing Strategy. Thur November 17 - Strategic Capabilities and Direction: Developing Marketing Objectives and Goals. -Read and Study (pg.184-210) Marketing Planning and Strategy, 6th Edition (2000). -Develops Marketing Objectives and Goals. Mon -The student November demonstrates 21 the strategy formulation process. -Strategy Formulation: Strategy Selection -Read and Study (pg.213-236) Marketing Planning and Strategy, 6th Edition (2000). -Evaluates the key resources and decisions for a strategy selection -Market Strategies for New Market Entries and Growth Markets. Tue November 22 -Strategy Formulation: Portfolio Analysis -Read and Study (pg.177-226) Marketing Strategy, -A decision-Focused Approach, 7th Edition (2011). -Read and Study (pg.240-271) Marketing Planning and Strategy, 6th Edition (2000). -Read and Study (pg.232-287) Marketing Strategy, -A decision-Focused Approach, 7th -Formulates a portfolio analysis. -Market Strategies for New Market Entries and Growth Markets. Wed November 23 Thur November 24 Mon November 28 Edition (2011). -Review for Midterm exam MID-TERM EXAM -The student compares and evaluates the role in formulating and Implementing strategies. Tue November 29 Wed The student November identifies the 30 different marketing strategies. Thur December 1 -Strategy Implementation and Control: Organizational Structure -Read and Study (pg.274-296) Marketing Planning and Strategy, 6th Edition (2000). -Distinguishes the way in which elements of the strategic marketing work according to the organization. -Strategy Implementation and Control: Strategic Tools -Read and Study (pg.298-325) Marketing Planning and Strategy, 6th Edition (2000). -Examines the strategic tools. -Organizing and Planning for Effective Strategy Implementation -Read and Study (pg.293-315) Marketing Strategy, -A decision-Focused Approach, 7th Edition (2011). -Evaluates effective strategy implementation. -Marketing -Read and Study (pg.333-354) Marketing Strategies: Planning and Strategy, 6th Edition (2000). Market Strategies -Identifies the market strategies. -Marketing Strategies: Product Strategies -Exemplifies the product strategies. -Read and Study (pg.358-404) Marketing Planning and Strategy, 6th Edition (2000). - Read and Study (pg.315-340) Contemporary Marketing, 11th Edition (2004). Mon December 5 -Marketing -Read and Study (pg.409-439) Marketing Strategies: Planning and Strategy, 6th Edition (2000). Pricing Strategies - Read and Study (pg.373-427) Contemporary Marketing, 11th Edition (2004). -Exercises with pricing strategies. Tue December 6 -Marketing Strategies: Distribution Strategies -Experiments with the distribution strategies. -Read and Study (pg.444-477) Marketing Planning and Strategy, 6th Edition (2000). - Read and Study (pg.431-492) Contemporary Marketing, 11th Edition (2004). Wed December 7 Thur December 8 Mon December 12 -The student explores marketing strategies with a decisionfocused approach. Tue December 13 Wed December 14 Thur December 15 Mon December 19 - The student acknowledge the setting standards to measure marketing performance. Marketing Strategies: Promotion Strategies. -Read and Study (pg.481-512) Marketing Planning and Strategy, 6th Edition (2000). Marketing Strategies: Global Market Strategies -Read and Study (pg.514-546) Marketing Planning and Strategy, 6th Edition (2000). -Understanding Marketing Opportunities -Read and Study (pg.83-107) Marketing Strategy, -A decision-Focused Approach, 7th Edition (2011). -Discussion between classmates of global market strategies. -Evaluates market opportunities -Measuring Market Opportunities -Choose 2 examples of marketing strategies and bring a brief written analysis of each one of them to discuss in class. This means 2 essays of 1.500 words each. -Read and Study (pg.111-130) Marketing Strategy, -A decision-Focused Approach, 7th Edition (2011). -Measures Market Opportunities -Targeting Attractive Market Segments -Read and Study (pg.133-150) Marketing Strategy, -A decision-Focused Approach, 7th Edition (2011). -Identifies attractive market segments. -Measuring and Delivering Marketing Performance. -Read and Study (pg.319-341) Marketing Strategy, -A decision-Focused Approach, 7th Edition (2011). -Starts to elaborate the final project applying the integrated marketing communications approach. -The student creates a challenging strategic marketing plan for the competitive - Read and Study (pg.493-596) Contemporary Marketing, 11th Edition (2004). -Bring 4 different examples of recent marketing strategies to discuss in class. (minimum 2 pages each). -Review for the final exam. -The student applies all the concept and tools learned in course. -Interprets the promotion strategies. -Choose 1 marketing strategy plan and bring a brief written analysis (an essay of 3.500 words) to discuss in class. - Project class presentation. global market. Tue December 20 Wed December 21 Thur December 22 -The student applies all the concept and tools learned in course. Project class presentation. -The student applies all the concept and tools learned in course. Project class presentation. -FINAL EXAM -Review of final Exam 6.- METHODOLOGY Attendance & Punctuality is of vital importance. - 4 absences permitted. At the 5th the student fails. (Short-term) - 5 minutes late is one absence. - 5 delays equal to 1 absence. Participation in class. Student’s interaction and dynamism would be graded. Discussion and critical thinking are essential. Complete homework, readings, research, projects and class activities on each topic. Positive and effective group work performance. Prepare for pop quizzes Pass (minimum 70/100) mid-term & final exam 7. - EVALUATION 7.1 Assessment Criteria Class discussion: student’s critical thinking about the different marketing communications topics. Analysis of the marketing strategies and create their own criteria of how can they used them in a competitive market. Synthesis of the strategic and main points of strategic marketing. Application of the concepts and tools of strategic marketing in a practical challenging project. 7.2 Performance Markers Determines the definition of strategic marketing and its role in local and global market. Elaborates a firm’s corporate mission and sets its objectives. Analyses and comprehend the firm’s macro-environment and identifies opportunities and threats. Resolves the actual process formulation and implementation of marketing strategies in growing and mature markets. Evaluates market segmentation attractiveness Identifies new economy market opportunities. Uses physical, intellectual and communicational skills to elaborate a formal project presentation. Presents the project in class 7.3 Weighting Homework, Research & Readings Assignments: Outlines, Essays, Quizzes: Oral Presentation -Final project: Mid-term Exam & Final Exam: 25% 25% 50% 8. - BIBLIOGRAPHY 8.1 Required MAIN TEXTBOOK(s): Marketing Strategy: A Decision-Focused Approach, 7th Edition (2011), by Orville C. Walker Jr and John W. Mullins. New York, McGraw-Hill Irwin. MAIN TEXTBOOK(s): Contemporary Marketing, 11th Edition (2004), Louis E. Boones and David L. Kurtz. USA. Thomson South-Western. MAIN TEXTBOOK(s): Marketing Planning and Strategy, 6th Edition (2000), by Subhash C. Jain. USA. South-Western College Publishing, Thomson Learning. 8.2 Complementary Scholarly Journals. It is fundamental that the student permanently is researching and bringing material of examples to discuss in class: news articles, advertisements, videos, and more. I would be giving them some hints of the sources of search, such as Business Week, The Wall Street Journal Business, The Economist, The New York Times, CNN Business, Bloomberg, Reuters, Online Social Media Website, The Guardian Business, The Financial Times, BBC, The Telegraph Business, NBC Business, Forbes, BizInvestChina, Travel Channel and more. 8.3 Hand-outs Will be given during the class. 8.4 WEBliography Proquest:http://proquest.umi.com/pqdweb?RQT=301&UserId=IPAuto&Passwd=IPA uto&AUID=443421 Google Scholar: http://scholar.google.com/ You Tube: http://www.youtube.com/ 9. - FACULTY INFORMATION NAME: Nuria Maité León Moral ACADEMIC QUALIFICATIONS: 2010- Post-Graduate Diploma in Business Administration at the London College of International Business Studies (LCIBS). London, United Kingdom. 2009- MA in Media Management at the University of Westminster. London, United Kingdom. 2002- Bachelors Degree in Communications: International Journalism. Minor in Corporative Communications. Universidad de Especialidades Espíritu Santo. Guayaquil, Ecuador. 1998- International Studies. AFS Exchange Student at Mulernes Legatskole. Odense, Denmark. E-mail: [email protected] Twitter: @NuriaLeonM 10. - FACULTY SIGNATURE AND OR DEAN/DIRECTOR’S APPROVAL (SIGNATURE) Prepared by: Nuria León Moral Reviewed by: Dean Monica Reynoso Date: October, 2011 Date: October, 2011