Close

ITM-R10
(PGDM-RM 2010-12 : Term-II)

Introduction to Marketing

(Facilitator: Prof. Jeevan J Arakal)
e-mail: Jeevan@ximb.ac.in

COURSE OUTLINE


Course Introduction


An introductory course in marketing is essential for all aspiring management professionals. This course seeks to build a strong platform for a clear understanding of marketing related issues. The marketing area poses several questions to managers like who are my customers? , what are their needs? What are the prices I can charge? How do I reach them profitably? The questions are endless and the issues, opportunities and challenges are many. Given this context this course has the following objectives:

· To familiarize course participants with basic marketing concepts, techniques& strategies
· To understand and appreciate best practices in the marketing function both globally and locally
· To lay the foundation for a clear understanding of core and elective courses in the marketing area

Learning Process

The course will consist of lectures, article reviews, case analysis, quizzes, end –term examination and a project.

Session Plan

Sr. No
Topic(s)*
Coverage of the Session( Indicative)
1
Introduction to Marketing
· What is marketing?
· Company orientations to the market
· Some core concepts & variables in marketing
2
Analyzing the marketing environment
· Understanding the power of information
· Micro & macro environment
· Marketing responses to environmental changes
3
The Marketing Mix
· What is the marketing mix?
· Adapting the marketing mix
· Discussion on field project
4
Understanding & Managing Competition
· Competition & the marketing mix
· Approaches to understand & manage competition
5
Case I – Marketing War. The case looks at two companies directly competing against each other in a very lucrative emerging market
· Case discussion
· Questions & answers
· Relating managerial decisions with sessions 1-4
6
Segmentation, Targeting & Positioning – I
· What is market segmentation?
· Methods of segmenting markets
· Multi-Attribute segmentation
7
Segmentation, Targeting & Positioning – I
· What is targeting?
· What is positioning?
· Types of positioning platforms
8
Product Development & Management
· What is a product? - Understanding its development process
· Types of products
· Product Life Cycle
· Introduction to branding
9
Case II- TI Cycles: New Product Strategy(A)
The case looks at the new product development process, challenges and issues
· Case discussion
· Questions & answers
· Relating managerial decisions with sessions 1-8
10
Pricing – I
· Pricing – Types, methods & tactics
· Issues & challenges in setting a price
· Pricing & positioning
11
Pricing – II
· Finance & marketing interface- Contribution, breakeven point & margin of safety
12
Promotions – I
· Types of promotions
· Integrated marketing communications
13
Promotions – II
· Advertising & public relations
· Sales promotions
14
Case III- C Cube Care
The case looks at pricing options and alternate top line & bottom line scenarios
· Case discussion
· Questions & answers
· Relating managerial decisions with sessions 1-13
15
Place- I
· Role & importance of place in distribution
· Relating to Product, price and promotion
· Variables affecting the place variable
16
Place – II
· Introduction to sales & channel management
· Selling situations – Consumer & Business markets
17
B2B Marketing
· B2B marketing Vs B2C markets
· Buying center concept
18
Case IV – Premium Watch Company
An opportunity to link the 4Ps together
· Case discussion
· Questions & answers
· Relating managerial decisions with sessions 1-17
19
Direct Marketing
· What is direct marketing?
· Growth & benefits of direct marketing
20
Social Marketing & Course Wrap Up
· Activist school of thought in marketing
· Cause marketing
· Course wrap up
* Additional reading material will be given wherever necessary

Evaluation Scheme

Sr. No
Evaluation Component
Weightage (%)
1
Quiz
20
2
Case Analysis ( 4 * 5)
20
3
Project*
30
4
End Term
30
5
Total
100
*To be discussed in class

Project Details
Will be discussed in session 3 and a handout for the same will be distributed to all class participants.

References

· Marketing Management: A South Asian Perspective- Phillip Kotler, Kevin Lane Keller, Abraham Koshy and Mithileshwar Jha, 12th Edition Pearson, Education Publication
· Principles of Marketing: A South Asian Perspective- Phillip Kotler, Gary Armstrong, P Y Agnihotri and Ehsan Ul Haque, 13th Edition, Prentice Hall

Course participants may refer to any marketing management textbook in the library; you are also actively encouraged to browse through web resources focused on marketing issues like www.agencyfaqs.com , business newspapers like Economic Times and magazines like Businessworld and Business Today.

Acknowledgment

I thank Prof. Srinivas Govindrajan, Prof. Paromita Goswami & Prof. Rajeev Roy who offered valuable feedback and were kind in sharing useful course materials.
I Wish All Course Participants An Enjoyable Learning Experience, Work Hard But Have Fun!
Created By: Bijoy Kar on 09/04/2010 at 05:59 PM
Category: PGPRM - I Doctype: Document

...........................