HI5004 Marketing Management Tri 3 2014 ____________________________________________________________________________________________________ __ HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION POSTGRADUATE PROGRAM SUBJECT OUTLINE HI 5004 Marketing Management TRIMESTER 2/ 2016 Holmes Institute is committed to providing the highest qua lity education in a dynamic, student-centred learning environment. Holmes Institute fosters in its students rational thought, intellectual integrity and social responsibility. www.holmes.edu.au FACULTY OF HIGHER EDUCATIONHI5004 Marketing Management Tri 2 2016 2 Holmes Institute Faculty of Higher Education offers business courses that combine discipline-based excellence with practical application. The faculty operates on campuses in Melbourne, Sydney, Brisbane and Hong Kong. The faculty offers a Bachelor of Business, a Bachelor of Professional Accounting, a Master of Professional Accounting, a Master of Business Administration and a Graduate Diploma in Business. Details about the members of the faculty can be found on the homepage of the Faculty of Higher Education at www.holmes.edu.au/undergraduate. HOLMES INSTITUTE POSTGRADUATE PROGRAMS At Holmes Institute, the Master of Business Administration, the Graduate Diploma in Business and the Master of Professional Accounting offer domestic and international students the opportunity to study a set of contemporary subjects in the field of business. These subjects prepare students for the challenges in business environments of the 21st century. These programs emphasize the global and cross -cultural dimensions of business. Teaching utilizes a combination of delivery methods and includes critical analysis and case study methods. A combination of exams, case studies and company analysis are used i n assessment. The Masters' programs of Holmes Institute focus on:  Developing career related capabilities  Emphasis on business numeracy and literacy  Managerial proficiency  The new economy  Leadership  Entrepreneurship  Social responsibility and ethics. SUBJECT OVERVIEW Welcome to HI5004 where we study Marketing Management. Marketing begins and ends with the customer s. It is about meeting their needs profitably and building relationships. Marketing Management aims to get, keep and grow customers. It involves choosing a target market, crafting a unique positioning for the product/service, getting the "marketing mix" right, building brand equity, and creating, communicating and delivering superior customer value. I look forward to sharing the exciting world of marketing, consumers and brands with you Jas Paul Chawla Subject CoordinatorHI5004 Marketing Management Tri 2 2016 3 SUBJECT RATIONALE Kotler, Keller and Burton's book on Marketing Management talks about marketing in the 21 st century as follows: "Marketing is everywhere. Formally or informally, people and organisations engage in a vast number of activities that we could call marketing. Effective marketing has become an increasingly vital ingredient for business success. And marketing profoundly affects our day-to-day lives. It is embedded in everything we do – from the clothes we wear, to the websites we click on, to the ads we see." The purpose of this subject is to provide an understanding of marketing management and to introduce students to the principles and practices of marketing, from both a local and international perspective. The course covers various topics, including: Defining marketing; the role of market research in marketing; building strong brands; applying the 4P's/7P's of the marketing mix; goods versus services marketing an d, integrated marketing communications (IMC). SUBJECT OBJECTIVES & LEARNING OUTCOMES Upon successful completion of this subject, you will have: 1. An understanding of the theory and practice of marketing management; 2. An understanding of how marketing tool s are applied in a variety of business settings; 3. An understanding of how marketing strategy is formulated from market intelligence; 4. Enhanced problem-solving and decision-making abilities in relation to market analysis; 5. An understanding of how companies organize their marketing programs and manage these activities effectively. SUBJECT ADMINISTRATION Awards Duration Core/Elective Subject weight BBus, BPA 1 semester Core 3 credit points Mode of delivery On campus Prerequisites Nil Workload Students are expected to attend all classes Delivery 2 hrs of lectures and 1 hr tutorial or equivalent Independent study 5 hrsHI5004 Marketing Management Tri 2 2016 4 CONTACT DETAILS Subject Coordinator and Lecturer Sydney Campus 02) 9299 1400 Jas Paul Chawla [email protected] Consultation times TBA Lecturer at Melbourne campus Sudhir Lad @holmes.edu.au TBA Lecturer at Melbourne campus 03) 9662 2055 Eugene Skewes TBA * Other times by appointment CONSULTATION TIMES Monday Tuesday Wednesday Thursday Friday Sydney Campus (JPC) 2 to 4 2 to 4 2 to 4 Lecturer in Gold Coast Melbourne Campus TBA TBA TBA TBA TBA Students please note: Holmes Institute provides each student with a Holmes webmail. Faculty and Administrative staff can only communicate with you using your Holmes Institute mail address. Emails from private and/or busines s email accounts cannot be used and may not be answered. STUDENT ASSESSMENT ASSESSMENT TYPE DUE DATE WEIGHT Individual Essay Week 6 (Fri by 5 PM) 20% Group assignment (Report & Presentation) Report in Week 11 ( Fri by 5 pm) and Presentations in Week 10, 11 n 12 30%HI5004 Marketing Management Tri 2 2016 5 Final Exam Exam Week 50% ASSESSMENT POLICY To be eligible to pass this subject, s tudents must complete all forms of assessment and demonstrate achievement of the learning outcomes . All assignments must be submitted electronically using a word processor, uploaded to Blackboard via SafeAssign. You must print and attach the full SafeAssign report with the Holmes Institute Cover Sheet to the printed assignment (hard copy). The assignment cover sheet must include the student/s name, number, subject code and subject name, subject lecturer's name, assignment due date and time of submission. All hard copies must be submitted to the designated Assignment Submission Facility on Campus during opening hours. Submission deadlines are strictly enforced and late submission incurs penalties of 5 (five) % of the assessment value per calendar day unless an extension and/or special consideration has been granted by the Subject Coordinator prior to the assessment deadline. Unless an extension and/or special consideration has been granted by the Subject Coordinator prior to the assessment deadline, no assessments are accepted after 14 calendar days of the due date or the end of the trimester for assessments due later in a trimester. Students are requested to familiarize themselves with the Holmes Institute Assessment Policy located on the Blackboard Student Subject: HE-General Study Information (HGEN_HE) > General Information > Policies and Procedures > Holmes Institute Student Assessment Policy v1.pdf.HI5004 Marketing Management Tri 2 2016 6 STANDARD GRADING SYSTEM AND DISTRIBUTION GRADE LETTER RANGE High Distinction HD 80% and above Distinction D 70 – 79% Credit CR 60 – 69% Pass P 50 – 59% Fail NN 0-45% (did not meet the standard required according to the learning outcomes in the Subject Guide ) Faculty Pass* FP 46 – 49% (awarded by Board of Examiners) Supplementary Exam Granted (a temporary grade) NS Supplementary examination granted Deferred Exam (a temporary grade) ND Officially Deferred examination Fail NA Student did not submit any work according to the schedule in the Subject Guide Result Withheld RW Additional assessment and/or work required Result Withheld WH Outstanding fees or non-return of Holmes Institute materials * This grade is sometimes referred to as a conceded pass at other institutions Explanation of Letter Grade HD Outstanding work which exhibits sophisticated understanding and critical synthesis, analysis and evaluation of the subject matter. While the work utilizes opinions of others, judgements about the value of the subject matter are made and drawn together in an organized whole. Gaps in the subject matter might also be identified and the implications discussed. D Substantial work of high quality, which demonstrates a clear understanding of the subject matter, in which the relationship between the constituent elements are identified clearly and discussed with some level of critical analysis. The work also applies abstract ideas in concrete situations. CR Sound and competent work, which demonstrates a reasonable but not complete grasp of the subject matter. The work utilizes recall and paraphrases the work of others concerning the subject matter. Some basic level of critical analysis is evident. Originality in the work is rarely evident. P Work that demonstrates a satisfactory engagement with the subject matter such that the student is said to have a general understanding of the field. Provides an adequate basis for further study. NN Did not meet the learning objective of the subject VIEWING STUDENT GRADES Results including the final grade can be viewed via the Grade Centre on Blackboard. Results for all assessments are published within two weeks of the due date of the assessment and the final examination. Students who wish to appeal their mark for a specific assessment are advised to follow the procedures outlined at www.holmes.edu.au /undergraduate/appeals. PLAGIARISM AND ACADEMIC MISCONDUCTHI5004 Marketing Management Tri 2 2016 7 Holmes Institute view any forms of academic misconduct as most serious offences. Academic misconduct in any form during an examination is not tolerated and will be dealt with according to the policies and procedures set out in the Holmes Institute Student Handbook (located on Blackboard in the Student General information Subject: HE-General Study Information (HGEN_HE) > General Information > Student Handbook 2010 v.3.pdf). Plagiarism occurs when one uses another person's ideas or manner of expressing them and passes them off as one's own work by failing to give appropriate acknowledgement (that is, referencing the source). Any instances of plagiarism will be dealt with promptly). It is important that student reference their work appropriately. The Faculty of Higher Education at Holmes Institute uses the APA (American Psychological Association) style of referencing. A detailed guide to referencing can be found in the Student Handbook. It expected that you will be familiar with the APA style of referencing. USE OF BLACKBOARD Holmes Institute uses Blackboard as its online teaching platform and all students enrolled have access to Blackboard to view and download their lecture material, grades, important announcements on their subjects and discussion rooms for selected subjects. Please note that it is the student's responsibility to check Blackboard on a regular basis. It is expected that students will have viewed lecture materials and additional readings before class. All students are advised to familiarize themselves with the use of Blackboard. Guides to Blackboard are available in the Resource Centre on each campus. Should you have difficulties accessing and/or using Blackboard, please contact your lecturer or the Holmes Institute Blackboard Helpdesk on: [email protected]. USE OF RESOURCE CENTER AND PROQUEST For most subjects, students are expected to engage in additional research. Textbooks and teaching materials available in the Resource Centre will be of use here. In addition, current students have access to a range of electronic academic journals via Proquest, which is accessible once you log into Blackboard. Should you require any assistance with the use of Proquest and/or online research, please contact your lecturer and/or the Resource Centre staff on your campus. STUDY SKILLS & ACADEMIC SUPPORT Students who have difficulties with their studies and/or specific forms of assessment should visit o nline Study Skills on www.holmes.edu.au/undergraduate/studyskills . Holmes Institute also offers regular Academic Support, which is free for any student enrolled. See details on http://www.holmes.edu.au/undergraduate/Information.HI5004 Marketing Management Tri 2 2016 8 DETAILED INFORMATION ON SUBJECT ASSESSMENTS 1. Assessment 1:Individual Essay Weighting: 20% Length: 1500 words Due Date: Week 6 (By 5 pm Fri) From discussions and material presented during lectures , write an essay to demonstrate your theoretical understanding and practical application of Marketing. Each student is to select one of the essay topics below and write an essay of 1500 words, to be submitted in Week 6. The essay must be referenced with relevant upto-date sources. Choose one of the topics below: 1. Explain the ethical issues in marketing field and identify and discuss about two companies in Australia who has been having some issues regarding the way they pursue their business. You can elaborate on any aspects of marketing where these companies had some issues. 2. Discuss how companies are changing their focus from typical selling approach to societal marketing. Identify any two companies in Australia who has been very active in following societal marketing approach. Discuss in which way they are claiming about their contribution towards the wellbeing of Australian society. 3. Segmentation, targeting and positioning are interrelated activities which are important to achieving a successful Marketing Mix. Discuss any two brands from two different industries who have been successful in using these concepts in pursuit of their business. You are not allowed to discuss fast food or soft drinks industries for this essay. You need to choose these brands from the following industries: - Furniture - Pharmaceutical - Baby products - Health and fitness - Health drinks 4. Labelling and packaging has been becoming a very important aspect of marketing. Identify some of the recent issues in labelling, packaging and country of origin in Australia. Students need to go through the current news and media to get the information about this area. Note: Students are required to source atleast 4 articles from the media in Australia for this essay. Copies of the articles need to be submitted with your essay. Students do not need to upload the articles on BB. Only submit the essay on BB.HI5004 Marketing Management Tri 2 2016 9 Marking Criteria for Individual Essay Assessment Criteria Maximum Scored Discussion of relevant issues, theories and concepts for the chosen topic for essay 5 Demonstrated understanding, logic and reasoning evidenced in essay 5 Application of theories/concepts to industry/real products/services. And other relevant examples and ideas provided by the student to demonstrate an understanding of the theory 7 Style, structure, spelling, grammar, punctuation, referencing 3 Total 20 2. Assessment 2: Group Assignment Weighting: Written Report 20% and Oral Presentation 10% = 30% Length: 3000 words for Report. 10 minutes for Presentation. Due Date: Week 11 (By Fri by 5 pm) for Written report Presentations = During Week 10, 11 n 12 Note: Students are required to discuss the topic with their lecturer before they start the assignment. This assignment must be done as part of group. Students are to form groups of 4 to 5 (may vary depending on class size) and will be allocated one organization/industry from the following list: 1 Business School/University in Australia 2 Any small to medium manufacturing company in Australia 3. Fitness industry 4. Organic food 5. Any tourist resort in Australia 6. Farm House in Australia Other organisations are possible to be negotiated with your lecture (at least 2 weeks prior to the due date)HI5004 Marketing Management Tri 2 2016 10 Each group is to prepare a written report (in report format of approximately 3500 words) and an oral presentation (in PowerPoint format) of approximately 15 minutes duration, outlining the following: 1. Executive Summary with key findings and recommendations 2. Clear and concise description of the market in which the organization operates 3. Summary of the marketing environment (both micro and macro-environmental forces and trends) 4. Detailed description of how the market is (or may be) segmented and a statement of the segment(s) that the organization is targeting. 5. Brief discussion of the behaviour of customers in the segment(s) identified above 6. A description of the marketing mix being used by the organization to target these segments 7. A recommendation for improvements to the organization's marketing effort. Marking Criteria for Group Assignment Students Please Note: Each group member must participate equally in the preparation, presentation, and group report writing and ensuing seminar discussion. Marking Criteria for Group Assignment - Written Report Assessment Criteria for Written Report Maximum Scored Clear and concise explanation of the respective organization and its competitive context. Comprehensive analysis of all relevant issues . 8 Demonstrated understanding, logic and reasoning evidenced in report. Demonstrated understanding of the theory discussed during lectures. 6 Application of theories/concepts to industry/real products/services. And other relevant examples and ideas provided by the student to demonstrate an understanding of the theory. 3 Style, structure, spelling, grammar, punctuation, referencing 3 Total 20HI5004 Marketing Management Tri 2 2016 11 Marking Criteria for Oral Presentation Presentations will be held during the lecture period on Week 10 , 11 n 12. 10 minutes duration is permitted including any ensuing class discussion. Every student must take part in the presentation. Assessment Criteria for Presentation Maximum Scored Impact: Was it an engaging presentation? Did the presenters connect with the audience? 3 Content: The presentation is not the report. The presentation compliments the report. It must give the big picture (not all details) and highlight the most important points and recommendations. 3 Clarity and overall impression of excellence (visual a ids used etc) 2 Adherence to time 2 Total 10 3. Final Examination Weighting: 50% Length: 2 Hours and 10 Minutes SUBJECT RESOURCES Prescribed Textbook (compulsory) Kotler P & Keller, K, Burton S (2009) Marketing Management 1st Adaptation edition published by Pearson Education Australia Pty Ltd. Blackboard: Lecture notes/slides, recommended reading, tutorial activities and all other relevant information will be made available on Blackboard. It is the student's responsibility to check Blackboard on a regular basis. It is advised that students view lecture materials and readings before coming to class.HI5004 Marketing Management Tri 2 2016 12 LECTURE SCHEDULE/SYLLABUS Week Topics Scheduled Tutorial Activities Assessment Due Chapters 1 What is marketing? No Tutorial 1 2 Strategic planning and the marketing process What is Marketing? Does marketing merely reflect consumer needs/wants or does it shape them? 2 3 Global marketing environment Mission Statements -are they critical for successful marketing or are they unnecessary? Show the "shift happens" video clip and discuss the big themes. 3 4 Marketing research and information systems Take a position: The best market research is quantitative OR The best market research is qualitative 4 5 Marketing segmentation, targeting and positioning What brands and products/services do you feel successfully speak to you and effectively target your age group? Why? Which ones do not? What could they do better? 8 6 Consumer & business buyer behaviour Describe a recent high involvement purchase that you made – explain the decision making process. Individual Essay Due 5, 6, 7 7 Product, branding and packaging concepts What is your favourite brand and why? Do brand extensions endanger brands OR grow brands – take a position. 9.10 8 Developing and managing goods and services Take a position: product and services marketing are fundamentally different. Or product and services marketing are highly related. 12,13 9 Pricing fundamentals and management What pricing strategy is best for a new product/service? And why? 14 10 Marketing channels and supply chain management Show the "Barbie flagship store" video clip and discuss Place as well as the other 6P's. Group Presentations 15,16 11 Integrated marketing communications and promotions Does it matter where a product/service is sold/experienced? Is channel image important for brand building? Group Presentations and Written report due 17,18 12 Revision No Tutorial Group Presentations Exam Week* * Note: Students must consult the Academic Calendar and Blackboard for the dates of the Examination Week.HI5004 Marketing Management Tri 2 2016 13 STUDENT ASSISTANCE Studying in higher education presents many experiences and challenges. These might involve academic, personal and/or professional issues. At Holmes Institute, we have a range of people who can help you with various challenges. The following table identifies contact points should you require any support. SUPPORT REQUIRED WHO TO CONTACT Information for Current Students Holmes Institute Student Handbook Academic Probation / Mentoring Academic Mentors, Associate Dean Accommodation Holmes Institute Home Stay Computers, Blackboard, Email IT Help Desk Disability Needs Holmes Institute Campus Directors Employment and Careers Career Development Team Enrolment Higher Education Coordinator on Campus Exams Higher Education Coordinator on Campus Financial Issues Holmes Institute Campus Directors Personal Issues National Higher Education Program Manager, Mentoring Team Proquest Database Librarian on each Campus Study Skills Holmes Institute Academic Support & Study Skills Team Visa Issues, COEs etc. Higher Education Coordinator on Campus This subject outline was prepared by the Course Development Team for the Postgraduate Programs, Faculty of Higher Education, Holmes Institute. It was correct at the time of publication. Change to the Subject Outline may occur at any time. However, the Faculty of Higher Education endeavours to inform the students accordingly. This publication is copyright. Apart from any fair dealing for the purpose of private study, research, criticism, or review as permitted under the Copyright Act, no part may be reproduced by any process or placed in computer memory without written permission. Enquires should be made to Holmes Institute Faculty of Higher Education. © Copyright 2011.