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MKT 203-NY3 Outline - Luke NG Spring 2023 2 - WORD
MKT 203-NY3 Outline - Luke NG Spring 2023 2 - WORD
DESCRIPTION OF COURSE
Managerial decisions in the marketing area. Topics include marketing strategy determination,
the role of marketing research, consumer behavior, marketing and the law, consumerism, so-
cial responsibility of marketers, international marketing and product, pricing, distribution,
communication, and channel strategies. A special focus is on analytical techniques used in de-
veloping, implementing, evaluating, and controlling marketing plans.
PREREQUISITE:
Credit given for this course or MKT 207, not both. Open only to matriculated graduate student
in the Zarb School of Business and in other Schools at Hofstra where appropriate. See specific
program requirements.
1. Philip Kotler and Kevin Lane Keller Marketing Management, 16th Edition (Englewood,
Cliffs, N.J.: Prentice Hall, 2022).
2. Marketing Plan Pro, 6.0 [NOTE: This software is bundled with a new text.]
3. Selected Harvard Business School cases ( Casepack ) compiled for the course.
GOAL 1 - Communications:
Each student will effectively communicate orally and in writing.
Specific Objectives:
1.1 Each student will be able to deliver an oral presentation that meets all course requirements, is
informative, and engages the audience.
1.2 Each student will be able to produce a written project that meets all course requirements and
is informative, analytical, well written, and uses appropriate citations (footnotes and bibliogra-
phy).
GOAL 3 - Global:
Each student will be able to apply organizational strategies in an international organization.
Specific Objectives:
3.1 Each student will be able to apply SWOT analysis to an international organization
3.2 Each student will understand how the different functional areas in business operate in an in-
ternational entity.
GOAL 5 - Ethics:
Each student will be aware of ethical and social responsibility issues and the implications of
these issues for organizations.
Specific Objectives:
5.1 Given a case study, simulation, scenario, or other problem, each student will be able to iden-
tify the ethical or social issues faced by a profit or non-profit organization.
5.2 Each student will be able to identify several ways that organizations can encourage ethical
behavior.
2. Students will be cognizant of ethical and social responsibility issues and their implica-
tions. Students will recognize the consequences and impact of business decisions on con-
temporary social issues. Students will evaluate ethical dilemmas in profit and not-for-
profit organizations. Students will be knowledgeable of the tools for creating and imple-
menting corporate social responsibility objectives.
3. Students will understand the purpose, function and goals of world and regional trade or-
ganizations and agreements. Students will analyze the opportunities and threats in the en-
vironments associated with managing organizations internationally. Students will effec-
tively integrate the various organizational functions for application in an international en-
vironment. Students will understand the qualities that enhance cross-cultural effective-
ness and develop strategies to improve their own competencies.
4. Students will be critical thinkers in identifying, analyzing and solving complex business
problems. Students will identify appropriate issues. Students will identify appropriate as-
sumptions. Students will select and apply appropriate methods. Students will identify rea-
sonable alternatives. Students will reach conclusions through the use of well-structured
and logical reasoning. Students will understand and measure the impact deriving from
their analyses. Students will identify the limitations of their analyses. Students will incor-
porate creativity and innovative thinking in problem solving
6. Students will understand the applicability and limitations of strategic marketing tools.
7. Students will examine marketing decision making with respect to final consumers versus
organizational consumers.
8. Students will be capable of discussing marketing decision making with respect to goods
vs. services.
By solving actual problems facing a marketing manager on a daily basis, students will
learn and appreciate the different facets of decision-making affecting the “ingredients,”
the “recipes” and outcome of marketing. Serious consideration will also be given to con-
sumerism and the social / ethical implications of those marketing decision outcome.
The intensive study of actual case histories of various companies enables graduate
students to develop and practice their analytical skills by putting them-
selves in the shoes of an operating manager. Therefore, it is imperative that students
conscientiously prepare their case analysis ahead of time so they may significantly
contribute to class discussion.
Students are expected to actively contribute in class ( both in QUALITY and
QUANTITY ) through open exchange of ideas and observations based on their prepa-
ration and analysis. They are also expected to civilly challenge one another’s assump-
tions and rationale.
In lieu of term papers, students are required to submit their case analyses in written
form when assigned in addition to a presentation of special research / consulting
project.
The following is an outline of our “Plan of Action” which involves weekly case analyses and
reading assignment. The text readings ( K&K ) are required while suggested readings are for
reference only and for those who are “interested” and “curious.” The list is attached at the end of
this outline. While most suggested readings can be downloaded from PROQUEST or INFO-
TRAC, other required reading material will be distributed in class.
Topics and reading assignments are noted below. Required readings are cited as text (Kotler/
Keller). Both required and suggested readings are shown. *** Please note that the following is
merely an outline. The sequence of topics may be rearranged at the discretion of the instructor.
REQUIRED Reading:
Theodore Levitt, “Marketing Myopia” Harvard Business Review (Orignal, June 1960)
J. Solomon, “The Yin & Yan…..MBAs”, NY Times 11/18/01
REREAD / REVIEW Topics: Chapters 1, 2
■ Review “Marketing Excellence” – Pinterest / P&G /Nike
/ Google
■ Reinventing Marketing at Coca Cola
■ Updating the 4 Ps
■ SWOT Analysis
Suggested Readings:
· Simons, Robert. “Choosing the Right Customer,” Harvard Business Review
(3/2014), 48-55.
· Pauwels, Koen and Alan Weiss, “”Moving from Free to Fee: How Online
Firms Market to Change Their Business Model Successfully,” Journal of
Marketing (May 2008), 14-31.
· Bettencourt, Lance A. and Anthony W. Ulwick, “The Customer-Centered In-
novation Map,” Harvard Business Review (May 2008), 109-114.
· Davenport, Thomas H., Jeanne G. Harris, George L. Jones, Katherine N.
Lemon, David Norton and Michael B. McCallister, “The Dark Side of Cus-
tomer Analytics,” Harvard Business Review (May 1, 2007).
· Baker, William E., and James M. Sinkula, “Does Market Orientation Facili-
tate Balanced Innovation Programs? An Organizational Learning Perspec-
tive,” Journal of Product Innovation Management (July 2007), 316-334.
· Macintosh, Gerrard, “Customer Orientation, Relationship Quality, and Rela-
tional Benefits to the Firm,” Journal of Services Marketing (Number 3, 2007),
150-159.
Suggested Readings:
**Alan Davis and Eric M. Olson, “Critical Competitive Strategy Issues Every Entrepre-
neur
Should Consider Before Going into Business,” Business Horizons (May 2008), 211-221.
· Kalra, Ajay and David A. Soberman, “The Curse of Competitiveness: How
Advice from Experienced Collageues and Training Can Hurt Marketing
Profitability,” Journal of Marketing (May 2008), 32-47.
· Aboulnasr, Khaled, Om Narasimhan, Edward Blair, and Rajesh Chandy,
“Competitive Response to Radical product Innovations,” Journal of Market-
ing (May 2008), 94-110.
· Orsato, Renato J., “Competitive Environmental Strategies: When Does it Pay
to be Green?” California Management Review (Winter 2006), 127-143.
· Cosby, Lawrence A. and Sheree L. Johnson, “Customer-Centric Innovation,”
Marketing Management (March/April 2006), 12-13.
· Mason, Katy, Peter Doyle, and Veronica Wong, “Market orientation and
Quasi-Integration: Adding Value Through Relationships,” Industrial Market-
ing Management (February 2006), 140-155.
Suggested Readings:
* R. Rust, V. Zeithaml, K. Lemon, “Customer-Centered Brand Management”,
HBR, 9/2004
* Davenport, Thomas H., Harris Jeanne G, Jones, George L, Lemon, Katherine
N, Norton, David, McCallister, Michael B,
“The Dark Side of Customer Analytics” Harvard Business Review, May 1, 2007
REQUIRED Reading: Text (K&K) Chapters 5, 6, 9, 10, 11, 13, 17, 20, 21
Suggested Readings:
· King, Stephen F. and Thomas F. Burgess, “Understanding Success and Fail-
ure in Customer Relationship Management,” Industrial Marketing Manage-
ment (June 2008), 421-431.
· Yap, Kenneth B. and Jillian C. Sweeney, “Zone-of-Tolerance Moderates the
Service Quality Outcome Relationship,” Journal of Services Marketing
(Number 2 2007), 137-148.
J. Eig, “Edible Entertainment”, Wall Street Journal, 10/26/01
· T. Tompkins, “Marketing Ties That Might Have Been”, NYT 12/9/01
· Bunduchi, Ralucca, “Trust, Power and Transaction Costs in B2B Exchanges
—A Socio-Economic Approach,” Industrial Marketing Management (July
2008), 610
· Bhandari, Mahesh S., Yelena Tsarenko, and Michael Jay Polonsky,” A pro-
posed Multi-Dimensional Approach to Evaluating Service Recovery,” Jour-
nal of Services Marketing (Number 3 2007), 174-185.
· Ward, Tony and Tracey S. Dagger, “The Complexity of Relationship Market-
ing for Service Customers,” Journal of Services Marketing (Number 4 2007),
281
· Jayawardhena, Chanaka, Anne L. Souchon, Andrew M. Farrell, and Kate
Glanville, “Outcomes of Service Encounter Quality in a Business-to-Busi-
ness Context,” Industrial Marketing Management (July 2007), 575-588.]
· Yasin, Norjaya Mohd, Mohd Nasser Noor and Osman Mohamad, “Does Im-
age of Country-of-Origin Matter to Brand Equity?” Journal of Product &
Brand Management (Number 1, 2007), 38-48.
· Ogden-Barnes, Stephen and Stella Minahan, “The Greydollarfella: An En-
dangered Spicies of Market Opportunity?” Business Horizons (July 2006),
287
· Schlosser, Ann E., Tiffany Barnett White, and Susan M. Lloyd, “Converting
Web Site Visitors into Buyers: How Web Site Investment Increases Con-
sumer Trusting Beliefs and Online Purchase Intentions,” Journal of Market-
ing (April 2006), 133
REQUIRED Reading: Text (K&K) , Chapter 9, 10, 11, 12, 13, 14, 16
Suggested Readings:
· Kocas, Cenk and Jonathan D. Bohlmann, “Segmented Switchers and Re-
tailer Pricing Strategies,” Journal of Marketing (May 2008), 124-142.
· Vikas, Mittal, Matthew Sarkees and Feisal Murshed, “The Right Way to
Manage Unprofitable Customers,” Harvard Business Review (April 2008),
94-102.
· Srinivasan, Shuba, Koen Pauwels and Vincent Nljs, “Demand-Based Pricing
Versus Past-Price Dependence: A Cost Benefit Analysis,” Journal of Mar-
keting (March 2008), 15-27.
· Baye, Michael R., J. Rupert J. Gatti, Paul Kattuman, and John Morgan, “A
Dashboard for Online Pricing,” California Management Review (Fall 2007),
202
· Harris, Christine and Jeffrey Bray, “Price Endings and Consumer Segmenta-
tion,” Journal of Product & Brand Management (Number 3, 2007), 200-
205).
· Nguyen, Adam, Roger M. Heeler, and Zinaida Taran, “High-Low Context
Cultures and price-Ending Practices,” Journal of Product & Brand Manage-
ment (Number 3, 2007), 206-214.
· Krishnan, Abhijt Biswas, and Richard G. Netemeyer, “Semantic Cues in Ref-
erence Price Advertisements: The Moderating Role of Cue Concreteness,”
Journal of Retailing (January 2006), 95-104.
· McWilliams, Bruce and Eitan Gerstner, “Offering Low Price Guarantees to
Improve Customer Retention,” Journal of Retailing (January 2006), 105-113.
· Spann, Martin, “Does the Internet Promote Better Consumer Decisions? The
Case of Name-Your-Own-Price Auctions,” Journal of Marketing (January
2006), 65
· Voeth, Markus and Uta Herbst, “Supply-Chain Pricing—A New Perspective
on pricing in Industrial Markets,” Industrial Marketing Management (1/ 06),
83-90.
· Kaplan, Andreas M. and Michael Haenlein, “Toward a Parsimonious Defini-
tion of Traditional and Electronic Mass Customization,” Journal of Product
Innovation Management (2006), 168-182.
· Dibb, Sally, “Market Segmentation Implementation Barriers and How to
Overcome Them,” Marketing Review (Spring 2005), 13-30.
· Berman, Barry, “Should Your Firm Adopt a Mass Customization Strategy?”
Business Horizons (July-August 2002). 51-60.
** M. Trottman, “Airlines New Pitches Embrace Emotion”, WSJ 12/26/01
** K. Brooker, “The Chairman of the Board Looks Back,” Fortune
(5/28/01)p.63
** Sager, F. Keenan “The Mother of All Price Wars,” Business Week (7/30/01) p32
Suggested Readings:
· Goldstein, Daniel G., “Getting Attention for Unrecognized Brands,” Har-
vard Business Review (March 1, 2007).
· Reinartz, Werber and Wolfgang Ulaga, “How to Sell Services More Prof-
itably,” Harvard Business Review (May 2008), 90-96.
· Michel, Stefan, Stephen W. Brown and Andrew S. Gallan, “Service-Logic
Innovations: How to Innovate Customers, Not Products,” California Man-
agement Review (Spring 2008), 49-65.
· Berman, Barry, “Strategies to Detect and Reduce Counterfeiting Activity,”
Business Horizons (May 2008), 191-199.
· Zielke, Stephan and Thomas Donnelstein, “Customers’ Willingness to Pur-
chas New Store Brands,” Journal of Product & Brand Management # 22007,
112-121.
· Berry Leonard L. and Kent D. Seltman, “Biliding a Strong Service Brand:
Lessons from the Mayo Clinic,” Business Horizons (May 15, 2007).
** L. Apcar, “Sizzle From A Branding Iron”, NYT, 12/9/01
** A. Galloni, “Levi’s Dockers Alters Strategy For Old World” WSJ 12/17/01
8. MID-TERM EXAM
REQUIRED Reading: Text (K&K), Chapter 11, 13, 17, 18, 20, 21, 22
REQUIRED Reading: Text (K&K) Chapters 13, 16, 17, 20, 21, 22
“Bricks To Clicks: 5 Battle-Tested Rules Of Online Retail”, Clicks &
Commerce, Fall 2001, p.19-21
*C. Christensen & R. Tedlow, “Patterns of Disruption in Retailing,” Harvard
Business Review (Jan/Feb 2000), p.42-53.
* How 1-800 Flowers Became One of the Biggest, Clunkiest Names in Valen-
tine’s Gifts?
https://www.vox.com/the-goods/2020/2/11/21126811/1-800-flowers-Valentine’sDay
Gifts
Suggested Reading:
**Shirley Leung,“Competition Heats Up Between Boston Market & KFC”, WSJ 11/6/01
** Fine, Leslie M., “Selling and Sales Management,” Business Horizons, 5/0, p185
REQUIRED Reading: Text (K & K) Chapters 13, 14, 16, 17, 18, 7, 8
Suggested Readings:
· J. Baglole, “War of the Doughnuts,” Wall Street Journal (8/23/01), p. B1
· Rayport, Jeffrey F., “Where is Advertising Going? Into ‘Stitals,” Harvard
Business Review (May 2008).
· Liu, Sandra S., and Lucette B. Comer, “Salespeople as Information Gather-
ers: Associated Success Factors,” Industrial Marketing Management (July
2007), 565
· Williams, Brian C., and Christopher R. Plouffe, “Assessing the Evolution of
Sales Knowledge: A 20-Year Content Analysis,” Industrial Marketing Man-
agement (May 2007), 408-419.
· Wengler, Stefan, Michael Ehret, and Samy Saab, “Implementation of Key
Account Management: Who, Why. And How?” Industrial Marketing Man-
agement (January 2006), 103-112.
· Brashear, Thomas G., Danny N. Bellenger, James S. Boles, and Hiram C.
Barksdale, “An Exploratory Study of the Relative Effectiveness of Different
Types of Sales Force Mentors,” Journal of Personal Selling & Sales Man-
agement (Winter 2006), 7-18.
· Hunter, Gary K., and William D. Perreault, “Sales technology Orientation,
Information Effectiveness, and Sales Performance,” Journal of Personal Sell-
ing & Sales Management (Spring 2006), 95-113.
· Maher, Jill K., Michael Y. Hu, and Richard H. Kolbe, “Children’s Recall of
Television Ad Elements: An Examination of Audiovisual Effects,” Journal
of Advertising (Spring 2006), 23-33.
· Russell, Antonia Cristel and Barbara B. Stern.” Consumers, Characters, and
Products: A Balance Model of Sitcom Product Placement Effects,”Journal of
Advertising (Sprg ‘06), 7-21.
Suggested Readings:
· Vachani, Sushil, and N. Craig Smith, “Socially Responsible Distribution:
Distribution Strategies for Reaching the Bottom of the Pyramid,” California
Management Review (February 2008), 52-54.
· Berry, Leonard L. “The Best Companies are Generous Companies,” Business
Horizons (July 2007), 263-269.
· Hitt, Michael A. and Jamie D. Collins, “Business Ethics, Strategic Decision
Making and Firm Performance,” Business Horizons (September 2007), 353-
357.
· Izosimov, Alexander, “Managing Hypergrowth,” Harvard BusinessRe-
view,4/08
· Marinova, Detelina, Jun Ye, and Jagdip Singh, “Do Frontline Mechanisms
Matter? Impact of Quality and Prductivity Orientations on Unit Revenue,Ef-
ficiency and Customer Satisfaction,” Journal of Marketing 3/08
* Nath, Pravin and Vijay Mahajan, “Chief Marketing Officers: A Study of Their
Presence in Firms’ Top Management Teams,” Journal of Marketing (1/ 08),65-
81.
· Helgesen, Oyvind, “Customer Accounting and Customer Profitability Analy-
sis for the Order Handling Industry-A Managerial Accounting Approach,” In-
dustrial Marketing Management (August 2007), 757-769.
· Hermann Simon, Frank F. Bilstein, and Frank Luby, “Management for Profit,
Not Market Share: A Guide to Greater Profits in Highly Contested Markets,”
Journal of Product Innovation Management (July 2007), 404-406.