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Marketing Strategy 3219-002 Fall Semester 2012, Tuesdays and Thursdays 6:30 – 7:45 pm, Friday Bldg Room 106 Professor Keara Buckle, [email protected], 704-763-0175 (cell) Office hours: Thursdays 5:30 – 6:30 pm in Friday Room 251A, and by appointment REQUIREMENTS Prerequisites: All of the following must be met: • Marketing 3110 (Marketing Concepts) with a grade of “C” or better • Completion of at least three marketing elective courses (MKTG 32XX courses) • Senior standing • Marketing major Text Book: Marketing Strategy, 5th ed. by OC Ferrell and Michael D. Hartline, SOUTHWESTERN Cengage Learning, 2011 ABOUT THE COURSE Objectives: As the capstone course for Marketing majors, the primary goals of this course are to prepare you to think strategically as a marketing professional and to be able to write an effective marketing plan. Description: This course will integrate all marketing elements in a strategic planning framework. There will be an emphasis on areas of strategic importance, especially those which have significant implications and relevance for marketing policy decisions in competitive situations. You will develop skills in creating and evaluating marketing plans, strategies, and implementation programs so that you will be better prepared to manage the marketing problems you will encounter in your profession. As part of the course requirements, you will also prepare marketing cases for class discussion. The course also makes extensive use of team-based assignments and active class discussion. Methodology: The class will be made up of lectures, class discussions, individual cases, a group case, a group project, and an exam. You are expected to come prepared by completing the assigned readings and thinking of your questions ahead of time. Classes will focus on areas where comprehension and the ability to apply what you know are substantially enhanced by additional elaboration or illustration. Assignments: Assignments include a variety of formats in order to help you improve your skills in marketing analysis as well as verbal and written communication. You will not be able to keep your graded assignments, so if you desire a copy, make sure you duplicate it before submitting it. All work must be complete by the last class day (Dec. 4, 2012). • Reading. Chapters assigned for a given date are expected to be reviewed prior to that class meeting. You’re also expected to keep abreast of current topics in marketing by reading Ad Age, Business Week, Fortune, Forbes, or The Wall Street Journal. • Individual case analysis (5). You will choose five cases to analyze and submit a one-page analysis at the beginning of the class that the case is due (hard copy only). No late cases will be accepted. If you not chosen to write up a particular case, that doesn’t mean you are excused from participating in the discussion. 1 Grading: • Group case analysis. In addition to your individual cases, you will be placed in a small group of students to develop a complete written analysis on one of the other cases. Your group will make a PowerPoint presentation to the rest of the class and facilitate a class discussion about it. The written analysis and presentation are due at the beginning of the class that your case is due (hard copies only). No late cases will be accepted. • Group project. Your group project for the semester will involve analyzing a marketing challenge faced by a local company. You will be responsible for identifying a company, making a contact within the company who would benefit from your marketing analysis, and securing his/her availability to attend your final presentation at the end of the semester. All companies will require instructor approval through a group Proposal Write Up. (Remember that marketing challenges and marketing plans come in many varieties. For purposes of this project, try to pinpoint a specific issue that can be handled in a succinct report.) Throughout the course, you will prepare and present a Situation Analysis, Marketing Strategy, and a Marketing Plan to the rest of the class. Time limits will be provided and must be adhered to. You will also submit two copies of a complete Marketing Plan—one for the instructor and one for your client. All presentations and your written analysis are due at the beginning of the class in which it is due. Grades will be reduced by 25 points for each 24-hour increment that the written Marketing Plan is submitted past the deadline. • Exam. The final exam is solely based on the marketing plan that is developed as group work. The grading scale is based on total points earned. Grades are given by points only— not by percentage. Every point earned counts toward your final grade. It’s a good idea to keep accurate records of your grades to ensure that one point will not make a difference at the end of the term. Activity Case Analysis (5) Group Case Analysis Proposal Write-Up Situation Analysis Presentation Marketing Strategy Presentation Marketing Plan Presentation Marketing Plan •Professionalism Final Exam Total Points Available Points 250 100 25 75 75 75 250 100 250 1200 My Points • A = Superior Performance: 1080 –1200 points; total understanding of all material with superior ability to apply knowledge • B = Good Performance: 960 – 1079 points; excellent understanding and good ability to apply material • C = Average Performance: 840 – 959 points; surface understanding of most material and some ability to apply most material • D = Passing Performance: 720 – 839 points; incomplete understanding of material with some ability to apply material; lack of participation in class discussions • F = Failure to Perform: Below 720; lack of understanding of material and little ability to apply material; lack of timely submission, excessive absences; lack of at least satisfactory performance evaluation by the team for group work 2 EXPECTATIONS Professionalism: In alignment with workplace expectations, you will be graded on your demonstration of professional behavior, including: • Attendance (timeliness, tardiness, leaving early). If there’s an occasion when you’re unable to attend class, it’s your responsibility to notify the instructor ahead of time and get up-to-speed on the content you missed. You must give proper advance notice and make alternative arrangements if you’re presenting information to the class that day. Any student missing more than three classes is subject to an unsatisfactory grade. • Class participation (completing homework, participating in discussions, attentiveness). In order to make the most of your experience in this class, participation is expected. Lack of participation will be considered lack of preparation. You may be called on randomly to participate, so it’s in your best interest to come prepared to participate. • Teamwork (participation in teams, contributions, etc.). Group work is an important part of your learning experience as well as your work as a marketing professional. All group work will involve peer—as well as self—evaluation of each student’s contribution to the group’s work. Each student is expected to report fairly on the work of the members of the group. If a situation arises where a group feels strongly that a member is not pulling his/her weight and has evidence to prove it, the group may decide that the individual should work separately, in which case that student will need to complete and submit all group work independently. You must have instructor approval before excluding a member of your team. Communication: The Moodle site designated for this course will serve as the centralized location for documents, assignments, forums and communication. Students are expected to access Moodle on a regular basis to secure materials and monitor any course communication. Course announcements and emails from the instructor will originate from Moodle. In addition to Moodle access, students are expected check their university-issued email accounts daily (and will be held accountable for) any important course related announcements, etc. sent to the class. Writing Standards: Follow these guidelines to ensure your work is completed in a professional manner. Other policies: • For all individual papers you submit, your name should be on every page, and the pages should be numbered and stapled together. • Your group paper should include a cover page with the name of your company, all team member names, and the date of your presentation. All pages should be numbered and stapled together. • All written assignments should be typed double-spaced in 12-point font and must th be grammatically correct. Follow the APA (5 edition) style format, and use headings and subheadings to guide the reader. Points will be deducted for spelling, grammar, and syntax errors, as well as lack of clarity. Please silence all mobile phones and pagers during class. Use of laptops should also be limited to course related activities. Surfing the web during class (for non-class related activities) or participating in non-class related activities during our meetings will adversely impact your professionalism score. If a student’s non-class activity is disruptive the instructor may ask the student to leave class. 3 ACADEMIC INTEGRITY The UNC Charlotte Academic Integrity Policy will be followed. The student is responsible for reading and understanding the policy: Students have the responsibility to know and observe the requirements of The UNC Charlotte Code of Student Academic Integrity. This code forbids cheating, fabrication or falsification of information, multiple submissions of academic work, plagiarism, abuse of academic materials, and complicity in academic dishonesty. Any special requirements or permission regarding academic integrity in this course will be stated by the instructor, and are binding on the students. Academic evaluations in this course include a judgment that the student's work is free from academic dishonesty of any type, and grades in this course therefore should be and will be adversely affected by academic dishonesty. Students who violate the code can be expelled from UNC Charlotte. The normal penalty for a first offense is zero credit on the work involving dishonesty and further substantial reduction of the course grade. In almost all cases the course grade is reduced to F. Copies of the code can be obtained from the Dean of Students Office. Standards of academic integrity will be enforced in this course. Students are expected to report cases of academic dishonesty to the course instructor. Note: Except for your group case write-up and presentation, all other case analysis is individual work. That means you should not discuss your one-page analysis with other students in your class, in a previous class, or in another Marketing Strategy class before submission at the beginning of class on the day the assignment is due. STATEMENT OF INCLUSION The Belk College of Business strives to create an inclusive academic climate in which the dignity of all individuals is respected and maintained. Therefore, we celebrate diversity that includes, but is not limited to ability/disability, age, culture, ethnicity, gender, language, race, religion, sexual orientation, and socio-economic status. 4 SCHEDULE Class Day Topic Reading/Assignment Due 1 Tues. Aug. 21 No class 2 Thurs. Aug. 23 Introduction Chapter 1 3 Tue. Aug. 28 Marketing Strategy Chapters 2 *Submit your case selection by 5 p.m. on Wed. Aug. 29 4 Thurs. Aug. 30 Situation Analysis Chapter 4 Group cases assigned 5 Tue. Sept. 4 Marketing Ethics Chapter 3 6 Thurs. Sept. 6 Case Discussion New Belgium Brewing Company (A) Case 7 Tue. Sept. 11 Competitive Advantage Chapter 5 Proposal Write Up 8 Thurs. Sept. 13 Case Discussion Gillette Case 9 Tue. Sept. 18 Customers, targets, Chapter 6 10 Thurs. Sept. 20 Case Discussion IMAX Case 11 Tue. Sept. 25 Customer Satisfaction Chapter 12 12 Thurs. Sept. 27 Case Discussion eHarmony Case 13 Tue. Oct. 1 Product/Positioning Strategies Chapter 7 14 Thurs. Oct. 4 Case Discussion IKEA Case 15 Tue. Oct. 9 Student Recess—no class 16 Thurs. Oct. 11 Situation Analysis Presentations Situation analysis slides 17 Tue. Oct. 16 Situation Analysis Presentations Situation analysis slides 18 Thurs. Oct. 18 Pricing/Distribution Strategies Chapters 8 and 9 19 Tue. Oct. 23 Case Discussion Best Buy Case 20 Thurs. Oct. 25 IMC Chapter 10 21 Tue. Oct. 30 Case Discussion New Belgium Brewing (B) Case 22 Thurs. Nov. 1 Marketing Strategy Presentations Marketing strategy slides 23 Tue. Nov. 6 Marketing Strategy Presentations Marketing strategy slides 24 Thurs. Nov. 8 Case Discussion Molson Brewing Case 25 Tue. Nov. 13 Marketing Mix Tactics 26 Thurs. Nov. 15 Executive Summary Exercise 27 Tue. Nov. 20 Case Discussion 28 Thurs. Nov. 22 Thanksgiving Break—no classes 29 Tue. Nov. 27 Marketing Plan Presentations Marketing plan slides 30 Thurs. Nov. 29 Marketing Plan Presentations Marketing plan slides 31 Tue. Dec. 4 Marketing Plan Presentations Marketing plan slides 32 Thurs. Dec. 6 Reading Day—no class 33 Tue. Dec. 11 8 – 10:30 pm Final exam Home Depot Case *You should choose the case based on your area of interest in marketing, your interest in the organization or its product/service, or a date that best fits your schedule given the demands of other classes. Please email me your first, second, and third choice no later than 5 p.m. on Aug. 29, 2012. The earlier you indicate your choice, the more likely you are to be placed on that case. If there is a date for which you cannot be present (university athletic competition, for example), please let me know that as well. 5