Summer 2013 Course Code MKT: 30 ! T"#$e Marketing Management COURSE OUTLINE FACULTY NAME CONTACT INFO, EMAIL, COUNSELLING HOUR etc. Md Raihanul Hasan,Sr. Lecturer, Department of Business Studies Sunday,Monday,Wednesday and thrusday from 12:30pm to 3:30 pm E-mail: raihanl!"#.e$.#$ COURSE O%&ECTI'E: With the change in market environment focus of business has been diverted from product to customers. So the success of any business depends mainy on understanding the consumers and matching the activities !ith the changing environment. "his course !i provide insight that !i be re#uired in handing the decision regarding consumers, market $ competition to shape the business into strategic one. "he aim of marketing is to create vaue for customer and to capture vaue in return. %urthermore, marketing managers must make ma&or decisions such as !hat features to design into a ne! product, !hat price to offer customer, !here to se product and ho! much to spend on advertising. "hus, marketing management is the process of panning and e'ecuting the conception, pricing, promotion, and distribution of ideas, goods and services to create e'changes that satisfy individua and organi(ationa goa (hat i" Mar)etin* + Marketing is no onger a company department charged !ith a imited number of tasks)it is a company*!ide undertaking. +t drives the company,s vision, mission, and strategic panning. Marketing incudes decisions ike !ho the company !ants as its customers, !hich of their needs to satisfy, !hat products and services to offer, !hat prices to set, !hat communications to send and receive, !hat channes of distribution to use, and !hat partnerships to deveop. Marketing succeeds ony !hen a departments !ork together to achieve goas: !hen engineering designs the right products- finance furnishes the re#uired funds- purchasing buys high* #uaity materias- production makes high*#uaity products on time- and accounting measures the profitabiity of different customers, products, and areas. ,RE-RE-UISITE: Principles of Marketing,By: Plilip otler and !ary "rmstrong, Prentice Hall,#$ th edition. RE-UIRE. TE/T%OO0S: Marketing Management by .hiip /oter, 13 th edition, .rentice 0a REFERENCES : Marketing 1y 2t(e, Michae 3. 2t(e, 1ruce 3. Waker, Wiiam 3. Stanton, Mc4ra!*0i,11 th 2d. ASSESSMENT: Mark distribution has been mentioned in the ne't page. 5ssignment67ase 6 Situation 5naysis6.o!er*.oint .resentation on given topics: "o be assigned on individua6group basis. ,OLICY STATEMENTS: .ease note that attendance is simpy a prere#uisite. 8ack of attendance may hurt a student,s grade. Lectre N1. TO,ICS E/,ECTE. TO %E CO'ERE. Cha2ter 13 the te4t (ee) 5 8ecture 1 8ecture 2 Defining Marketing for the 21 st Century The Importance of Marketing The Scope of Marketing What Is Marketing? What Is Marketed?Who Markets? Core Marketing Concepts Needs, Wants, and Demands Value and Satisfaction Marketing Enironment Ma!or Societal "orces Ne# Compan$ Capa%ilities Compan$ &rientation to#ard the Marketplace The 'roduction Concept The 'roduct Concept The Selling Concept The Marketing Concept The (olistic Marketing Concept )elationship Marketing Integrated Marketing Internal Marketing 'erformance Marketing The Ne# "our 's Marketing Management Tasks %hapter # &eek ' 8ecture 3 8ecture 9 Developing Marketing Strategies and Plans Marketing and Customer Value The Value Delier$ 'rocess The Value Chain Core Competencies * (olistic Marketing &rientation and Customer Value The Central )ole of Strategic 'lanning Corporate and Diision Strategic 'lanning Defining the Corporate Mission Esta%lishing Strategic +usiness ,nits *ssigning )esources to Each S+, *ssessing -ro#th &pportunities &rgani.ation and &rgani.ational Culture Marketing Innoation +usiness ,nit Strategic 'lanning The +usiness Mission SW&T *nal$sis -oal "ormulation Strategic "ormulation 'rogram "ormulation and Implementation "eed%ack and Control 'roduct 'lanning/ The Nature and Contents of a Marketing 'lan %hapter ' &eek $ 8ecture : 8ecture ; Analyzing Consumer Markets What Influences Consumer +ehaior Cultural "actors Social "actors 'ersonal "actors 0e$ 's$chological 'rocesses Motiation/ "reud, Maslo#, (er.%erg 'erception 1earning Emotions Memor$ The +u$ing Decision 'rocess/ The "ie2Stage Model 'ro%lem )ecognition Ealuation of *lternaties 'urchase Decision 'ostpurchase +ehaior Moderating Effects on Consumer Decision Making +ehaioral Decision Theor$ and +ehaioral Economics Decision (euristics %hapter ( &eek ) 8ecture < 8ecture = Analyzing Business Markets What Is &rgani.ational +u$ing The +usiness Market ersus the Consumer Market +u$ing Situations S$stems +u$ing and Selling 'articipants in the +usiness +u$ing 'rocess The +u$ing Center +u$ing Center Influences Targeting "irms and +u$ing Centers The 'urchasing3'rocurement 'rocess Stages in the +u$ing 'rocess 'ro%lem )ecognition -eneral Need Description and 'roduct Specification Supplier Search 'roposal Solicitation Supplier Selection &rder2)outine Specification %hapter * &eek ( 8ecture > 8ecture 10 Identifying Market Segments and argets +ases for Segmenting Consumer Markets -eographic Segmentation Demographic Segmentation 's$chographic Segmentation ehaioral Segmentation ases for Segmenting +usiness Markets arket Targeting Effectie Segmentation Criteria Ealuating and Selecting the Market Segments %hapter + Marks Distri!ution for the "ourse# Lectre N1. TO,ICS E/,ECTE. TO %E CO'ERE. Cha2ter 13 the te4t &eek , 8ecture 11 8ecture 12 Setting Produ"t Strategy 'roduct Characteristics and Classifications 'roduct 1eels/ The Customer2Value (ierarch$ 'roduct Classifications 'roduct and Serices Differentiation 'roduct Differentiation Serices Differentiation Design 'roduct and +rand )elationships The 'roduct (ierarch$ 'roduct S$stems and Mi4es 'roduct 1ine *nal$sis 'roduct 1ine 1ength 'roduct Mi4 'ricing Co2+randing and Ingredient +randing 'ackaging, 1a%eling, Warranties, and -uarantees 'ackaging 1a%eling Warranties and -uarantees %hapter + Mi$term e4aminati1n &eek + 8ecture 13 8ecture 19 Creating Brand $%uity %hat Is +rand E5uit$? The )ole of +rands The Scope of +randing Defining +rand E5uit$ +rand E5uit$ Models +uilding +rand E5uit$ Choosing +rand Elements Designing (olistic Marketing *ctiities 1eeraging Secondar$*ssociations Internal +randing +rand Communities Measuring +rand E5uit$ Managing +rand E5uit$ +rand )einforcement +rand )eitali.ation Deising a +randing Strateg$ +randing Decisions +rand 'ortfolios +rand E4tensions Customer E5uit$ +randing %hapter #- &eek . 8ecture 1: 8ecture 1; Designing and Managing Servi"es The Nature of Serices Serice Industries *re Eer$#here Categories of Serice Mi4 Distinctie Characteristics of Serices The Ne# Serices )ealities * Shifting Customer )elationship *chieing E4cellence in Serices Marketing Marketing E4cellence +est 'ractices of Top Serice Companies Differentiating Serices %hapter #$ &eek #- Lecture #, Lecture #+ Developing Pri"ing Strategies and Programs ,nderstanding 'ricing * Changing 'ricing Enironment (o# Companies 'rice Consumer 's$cholog$ and'ricing Setting the 'rice Step 6/ Selecting the 'ricing&%!ectie Step 7/ Determining Demand Step 8/ Estimating Costs Step 9/ *nal$.ing Competitors: Costs, 'rices,and &ffers Step ;/ Selecting a 'ricingMethod Step </ Selecting the "inal 'rice *dapting the 'rice-eographical 'ricing =Cash, Countertrade,+arter> 'rice Discounts and *llo#ances 'romotional 'ricing Differentiated 'ricing Initiating and)esponding to 'riceChanges Initiating 'rice Cuts Initiating 'rice Increases )esponding to Competitors: 'riceChanges %hapter #) &eek ## 8ecture 1> Lectre 67 Designing and Managing Integrated Marketing Channels Marketing Channels and Value Net#orks The Importance of Channels ($%rid Channels and MultichannelMarketing Value Net#orks The )ole of Marketing Channels Channel "unctions and "lo#s Channel 1eels Serice Sector Channels Channel2Design Decisions *nal$.ing Customer Needs and Wants Esta%lishing &%!ecties andConstraints Identif$ing Ma!or Channel *lternaties Ealuating Ma!or Channel *lternaties Channel2Management Decisions Selecting Channel Mem%ers Training and Motiating Channel Mem%ers Ealuating Channel Mem%ers Modif$ing Channel Design and*rrangements Channel Modification Decisions -lo%al Channel Considerations Channel Integration and S$stemsVertical Marketing S$stems (ori.ontal Marketing S$stems Integrating Multichannel Marketing S$stems Conflict, Cooperation, and Competition T$pes of Conflict and Competition Causes of Channel Conflict Managing Channel Conflict %hapter #( Lectre N1. TO,ICS E/,ECTE. TO %E CO'ERE. Cha2ter 13 the te4t (ee) 56 8ecture 21 8ecture 22 Designing and Managing Integrated Marketing Communi"ations The )ole of Marketing Communications The Changing Marketing Communications Enironment Marketing Communications, +rand E5uit$,and Sales The Communications 'rocess Models Deeloping Effectie Communications Identif$ the Target *udience Determine the Communications &%!ecties Design the Communications Select the Communications Channels Esta%lish the Total Marketing Communications +udget Deciding on the Marketing Communications Mi4 Characteristics of the Marketing Communications Mi4 "actors in Setting the Marketing Communications Mi4 Measuring Communication )esults Managing the Integrated Marketing Communications 'rocess Coordinating Media Implementing IMC %hapter #, &eek #$ 8ecture 23 Competitive Dynami"s Competitie Strategies for Market 1eaders E4panding Total Market Demand 'rotecting Market Share Increasing Market Share &ther Competitie Strategies Market2Challenger Strategies Market2"ollo#er Strategies Market2Nicher Strategies %hapter ## &eek #$ Lectre 68 Colle"ting Information and &ore"asting Demand Components of a Modern Marketing Information S$stem Internal )ecords The &rder2to2'a$ment C$cle Sales Information S$stemsData%ases, Data Warehousing, and DataMining Marketing Intelligence The Marketing Intelligence S$stem Collecting Marketing Intelligence on the Internet Communicating and *cting on MarketingIntelligence *nal$.ing the Macroenironment Needs and Trends Identif$ing the Ma!or "orces The Demographic Enironment The Economic Enironment The Sociocultural Enironment The Natural Enironment The Technological Enironment The 'olitical21egal Enironment "orecasting and Demand Measurement The Measures of Market Demand * Voca%ular$ for Demand Measurement Estimating Current Demand Estimating "uture Demand %hapter -$ &eek ' 8ecture 2: Lectre 69
'evie( ) erm Paper Presentation Semester /inal 01amination *rading S"hema ?according to university rues+ *uidelines <:@ 5ttendance is e'pected for successfu competion of the course 5n une'cused absence on the day of any e'am ?mid term6finaA !i resut in a grade of (ero ?0A. +f there is an e'cused absent in case of M+B "2CM 2D5M the e'am must be taken prior to the ne't cass meeting ?or any suitabe time for the course instructorA- +f there is an e'cused absent in case of %+E58 2D5M the 4C5B2 W+88 12 ,I+ in"omplete -"he student must seat for the %+E58 2D5M ony in the coming semester. "here !i be no re*take in case of 785SS "2S". "ota 3 cass test !i be taken, Fbtain marks !i aggregate average counted Students !i be severey penai(ed if they copy others reports, presentation6 assignment materias or part thereof. 7ass participation ?student,s feedbackA is highy encouraged. 5ny type of unfair practices in the e'am or even in the cass is highy prohibited. 4ood 8uck Marks Range Grade Grade point Interpretation =0@ and above 5G 9.00 Futstanding <:@ to beo! =0@ 5 3.<: 2'ceent <0@to beo! <:@ 5* 3.:0 Huite 2'ceent ;:@ to beo! <0@ 1G 3.2: Iery 4ood ;0@ to beo! ;:@ 1 3.00 4ood ::@ to beo! ;0@ 1* 2.<: Huite 4ood :0@ to beo! ::@ 7G 2.:0 5bove 5verage 9:@ to beo! :0@ 7 2.2: 5verage 90@ to beo! 9:@ B 2.00 .oor 8ess than 90@ % 0.00 %ai + 0.00 +ncompete %ina 2'amination 90 Mid*"erm 30 7ass "est 6 Hui( "est 10 Ceport and .resentation ?4roupA : 5ssignment ?+ndividuaA : 7ass 5ttendance 10 otal Marks 1..