{"id":95839,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/fundamentals-of-marketing"},"modified":"2017-06-05T17:18:01","modified_gmt":"2017-06-05T17:18:01","slug":"fundamentals-of-marketing","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/fundamentals-of-marketing\/","title":{"rendered":"FUNDAMENTALS OF MARKETING"},"content":{"rendered":"<p>FUNDAMENTALS OF MARKETING<br \/>\nCOURSE OBJECTIVES:<br \/>\nThis course is a foundation for: 1) future courses in marketing; and 2) a basic understanding of the<br \/>\nmarketing function for those who will not take other development courses in the marketing area.<br \/>\nAs such, it is for students with little or no marketing experience. The objectives of this course are<br \/>\ntwo-fold:<br \/>\n1) To gain an understanding of basic marketing concepts such as product development,<br \/>\nmarketing segmentation, marketing objectives, and the marketing mix.<br \/>\n2) To develop the student\u2019s marketing decision-making skills so that the student will be able to<br \/>\nanalyze marketing environments and determine an appropriate marketing strategy for the<br \/>\nsituation at hand.<br \/>\nGRADING &amp; ASSIGNMENTS:<br \/>\nResearch Study Participation 5%<br \/>\nAttendance 5%<br \/>\nIndividual Case #1 10%<br \/>\nIndividual Case #2 10%<br \/>\nExam One 20%<br \/>\nExam Two 20%<br \/>\nFinal Exam 30%<br \/>\nTotal 100%<br \/>\n2<br \/>\nCASES:<br \/>\nEach student is to complete and submit two (2) cases throughout this month. The due dates for the cases are<br \/>\nas follows:<br \/>\nCase #1 Due in class on Friday, June 10, 2016<br \/>\nCase #2 Due in class on Friday, June 17, 2016<br \/>\nTitles of the assigned cases will be given out at a later date.<br \/>\nCases must be 4 pages in length excluding the title page.<br \/>\nEXAMS:<br \/>\nAll exams will consist of multiple-choice questions. They will cover both the text and any materials covered<br \/>\nin class. The final exam will be comprehensive covering all materials (i.e. prior to and after the two scheduled<br \/>\nmid-term exams) BUT with emphasis on materials covered after the two mid-term exams.<br \/>\nCLASS FORMAT:<br \/>\nClass time will be spent in lecture and discussion of relevant marketing topics. Students are expected to have<br \/>\nread the text material corresponding to the subject matter before the lecture\/discussion of that topic.<br \/>\nNOTES ON LATE CASE ASSIGNMENTS AND EXAM RESCHEDULING:<br \/>\nLATE CASE SUBMISSIONS WILL BE GRADED ON ONLY 70% OF THEIR ON-TIME SCORE,<br \/>\nAND WILL NOT BE ACCEPTED AFTER THEY ARE 7 DAYS LATE.<br \/>\nREQUESTS FOR EXAMINATION RESCHEDULING WILL ONLY BE CONSIDERED PRIOR<br \/>\nTO THE SCHEDULED EXAM TIME.<br \/>\nTHERE IS A NO ELECTRONICS RULE IN CLASS AND DURING EXAMS.<br \/>\nSTUDENTS ARE NOT PERMITTED TO EXIT THE CLASS DURING LECTURE PERIOD.<br \/>\nIMPORTANT: Effective September 1, 2013, the U of M will only use your university email account for<br \/>\nofficial communications, including messages from your instructors, department or faculty, academic<br \/>\nadvisors, and other administrative offices. If you have not already been doing so, please send all emails<br \/>\nfrom your UofM email account. Remember to include your full name, student number and faculty in all<br \/>\ncorrespondence.<br \/>\nFor more information visit: http:\/\/umanitoba.ca\/registrar\/e-mail_policy<br \/>\n3<br \/>\nFormat for Case Writing<br \/>\nInstructions ***READ INSTRUCTIONS AND FORMAT CAREFULLY. ALL CASES<br \/>\nMUST BE PRESENTED IN THIS FORMAT ***<br \/>\nAll cases must be in twelve point type, with 3cm margins on all sides, double-spaced and NO<br \/>\nLONGER than the designated number of pages specified in the course outline excepting the title page.<br \/>\nCases that are \u201ctoo long\u201d will be docked by 50% of the case\u2019s worth. For example Case #1 will be marked<br \/>\nout of 50% if it\u2019s too long. However two or three pages would not do justice to a case study of this nature.<br \/>\nFormat<br \/>\nSituation Analysis:<br \/>\n\u2022 Bold heading<br \/>\n\u2022 Two or three paragraphs describing the circumstances and background of this case.<br \/>\nSWOT Analysis:<br \/>\n\u2022 Bold heading<br \/>\n\u2022 Use 2 columns to list SWOT elements<br \/>\nStrengths \u2013 bold subheading Weaknesses- bold subheading<br \/>\n&#8211; Single space<br \/>\n&#8211; Point form (at least 2 points)<br \/>\n&#8211; Describe the INTERNAL<br \/>\nSTRENGTHS<br \/>\n&#8211; Single space<br \/>\n&#8211; Point form (at least 2 points)<br \/>\n&#8211; Describe the INTERNAL<br \/>\nWEAKNESSES<br \/>\nOpportunities &#8211; bold subheading Threats &#8211; bold subheading<br \/>\n&#8211; Single space<br \/>\n&#8211; Point form (at least 2 points)<br \/>\n&#8211; Describe the EXTERNAL<br \/>\nOPPORTUNITIES<br \/>\n&#8211; Single space<br \/>\n&#8211; Point form (at least 2 points)<br \/>\n&#8211; Describe the EXTERNAL<br \/>\nTHREATS<br \/>\nProblem Statement:<br \/>\n\u2022 Bold heading<br \/>\n\u2022 Two or three paragraphs on the problem and\/or the situation the organization is facing.<br \/>\nAlternatives:<br \/>\n\u2022 Bold heading<br \/>\n\u2022 Summarize the alternative in one or two sentences<br \/>\n\u2022 List three or four alternatives.<br \/>\n\u2022 List more than one \u2018pro\u2019 and \u2018con\u2019 associated with each alternative.<br \/>\n\u2022 Use point form in a vertical format for the pros and cons under each alternative as follows:<br \/>\n4<br \/>\nAlternative #1: (State alternative #1 here)<br \/>\nPros: &#8211; Use this subheading and bold Cons: &#8211; Use this subheading and bold<br \/>\n&#8211; List Pros in VERTICAL point form &#8211; List Cons in VERTICAL point form<br \/>\n&#8211; Single space &#8211; Single space<br \/>\nAlternative #2: (State alternative #2 here)<br \/>\nPros: &#8211; Use this subheading and bold Cons: &#8211; Use this subheading and bold<br \/>\n&#8211; List Pros in VERTICAL point form &#8211; List Cons in VERTICAL point form<br \/>\n&#8211; Single space &#8211; Single space<br \/>\nRecommendation:<br \/>\n\u2022 Bold heading<br \/>\n\u2022 State the ONE alternative you are recommending in paragraph form<br \/>\n\u2022 Avoid \u201cI\u201d statements when writing the case.<br \/>\n\u2022 In two or three paragraphs defend why you chose this alternative, how it will assist the company<br \/>\nwith its problems and state specific steps that will be taken to implement your recommendation.<br \/>\n\u2022 In addition, explain how you will overcome the cons to this alternative.<br \/>\nAdditional Notes:<br \/>\n\u2022 Ensure that there is a cover sheet containing the case name, course name, number and section, your<br \/>\nname, prof\u2019s name, and the date.<br \/>\n\u2022 Number the pages<br \/>\n\u2022 Conduct a spellcheck<br \/>\n\u2022 Spell the professor\u2019s name correctly<br \/>\n\u2022 Follow the guidelines set out in the course outline with regards to proper case writing. USE<br \/>\nHEADINGS!!!<br \/>\n5<br \/>\nThe FINAL EXAM as set by the registrar\u2019s office.<br \/>\nNOTE: This course outline is subject to change.<br \/>\nDates Topics Text Chapters<br \/>\nMay-30 An Introduction to Marketing Chapter 1<br \/>\n31 The Marketing Environment, Social<br \/>\nResponsibility, and Ethics Chapter 2<br \/>\nJun-01 Strategic Planning for Competitive Advantage<br \/>\n&amp; Developing a Global Vision Chapter 3 &amp; 4<br \/>\n2 Marketing Research Chapter 5<br \/>\n3 Consumer Decision Making Chapter 6<br \/>\n6 Business Marketing Chapter 7<br \/>\n7 Exam Chapters 1-7<br \/>\n8 Segmenting, Targeting, and Positioning Chapter 8<br \/>\n9 Product Concepts &amp; Developing &amp; Managing<br \/>\nProducts Chapter 9 &amp; 10<br \/>\nServices and Nonprofit Organization Marketing Chapter 11<br \/>\nCASE #1 DUE<br \/>\n13 Setting the Right Price Chapter 12<br \/>\n14 Marketing Channels and Supply Chain<br \/>\nManagement &amp; Retailing Chapter 13 &amp; 14<br \/>\n15 Exam Chapters 8-14<br \/>\n16 Marketing Communication Chapter 15<br \/>\nAdvertising, Public Relations, and Direct<br \/>\nResponse &amp; Sales Promotion and Personal<br \/>\nSelling<br \/>\nChapter 16 &amp; 17<br \/>\nCASE #2 DUE<br \/>\n20 Social Media and Promotion Chapter 18<br \/>\n21 Customer Relationship Management Chapter 19<br \/>\nClass Schedule<br \/>\n10<br \/>\n17<br \/>\n6<br \/>\nAcademic Integrity<br \/>\nIt is critical to the reputation of the I.H. Asper School of Business and of our degrees that everyone associated with our<br \/>\nfaculty behave with the highest academic integrity. As the faculty that helps create business and government leaders, we<br \/>\nhave a special obligation to ensure that our ethical standards are beyond reproach. Any dishonesty in our academic<br \/>\ntransactions violates this trust. The University of Manitoba General Calendar addresses the issue of academic<br \/>\ndishonesty under the heading &#8220;Plagiarism and Cheating&#8221;. Specifically, acts of academic dishonesty include, but are not<br \/>\nlimited to:<br \/>\n&#8211; using the exact words of a published or unpublished author without quotation marks and without referencing the<br \/>\nsource of these words<br \/>\n&#8211; duplicating a table, graph or diagram, in whole or in part, without referencing the source<br \/>\n&#8211; paraphrasing the conceptual framework, research design, interpretation, or any other ideas of another person,<br \/>\nwhether written or verbal (e.g., personal communications, ideas from a verbal presentation) without referencing the<br \/>\nsource<br \/>\n&#8211; copying the answers of another student in any test, examination, or take-home assignment<br \/>\n&#8211; providing answers to another student in any test, examination, or take-home assignment<br \/>\n&#8211; taking any unauthorized materials into an examination or term test (crib notes)<br \/>\n&#8211; impersonating another student or allowing another person to impersonate oneself for the purpose of submitting<br \/>\nacademic work or writing any test or examination<br \/>\n&#8211; stealing or mutilating library materials<br \/>\n&#8211; accessing tests prior to the time and date of the sitting<br \/>\n&#8211; changing name or answer(s) on a test after that test has been graded and returned<br \/>\n&#8211; submitting the same paper or portions thereof for more than one assignment, without discussions with the instructors<br \/>\ninvolved.<br \/>\nGroup Projects and Group Work<br \/>\nMany courses in the I.H. Asper School of Business require group projects. Students should be aware that group projects<br \/>\nare subject to the same rules regarding academic dishonesty. Because of the unique nature of group projects, all group<br \/>\nmembers should exercise special care to insure that the group project does not violate the policy on Academic Integrity.<br \/>\nShould a violation occur, group members are jointly accountable unless the violation can be attributed to a specific<br \/>\nindividual(s).<br \/>\nSome courses, while not requiring group projects, encourage students to work together in groups (or at least do not<br \/>\nprohibit it) before submitting individual assignments. Students are encouraged to discuss this issue as it relates to<br \/>\nacademic integrity with their instructor to avoid violating this policy.<br \/>\nIn the I.H. Asper School of Business all suspected cases of academic dishonesty are passed to the Dean&#8217;s office in order<br \/>\nto ensure consistency of treatment.<br \/>\n7<br \/>\n2014 Summer Session Undergraduate Subject Pool Program<br \/>\nOverview<br \/>\nAll students in Fundamentals of Marketing (MKT 2210) have the opportunity to participate in two research<br \/>\nstudies during the Summer term for credit. These research studies may involve participating in marketing<br \/>\nexperiments, completing a questionnaire, and\/or a computer simulation.<br \/>\nParticipation in all 2 research studies earns you the full 5% component of your course grade.<br \/>\nParticipating in only 1 study will earn you a proportional grade (2.5%). Note that the 5% is part of<br \/>\nthe 100% for the course and is not extra credit. You may participate in each study only once.<br \/>\nBenefits of the Program<br \/>\nThis program is designed to give students a glimpse into how marketing theory is developed by<br \/>\nparticipating in marketing research studies. Fundamentals of Marketing (MKT 2210) is an introduction to<br \/>\nthe knowledge base of marketing generated in part by such studies conducted in universities and businesses<br \/>\naround the world. This program will help students understand how such research is conducted here in the<br \/>\nAsper School of Business.<br \/>\nThrough participation in academic research studies, students also increase the value of their degrees.<br \/>\nReputations of universities are based to a large extent on the quality of the research conducted by their<br \/>\nfaculty. By participating in these studies, you are helping your professors publish in scholarly journals,<br \/>\nconsequently improving the reputation of the university from which you earned your degree.<br \/>\nProcedure<br \/>\nYou will be notified via email and in class prior to each study so that you may sign up to participate (you<br \/>\nwill have to sign up separately for each of the three studies). Each study will last a maximum of an hour and<br \/>\nmultiple sessions will be offered for each of these. The sign-ups will take place online via the following<br \/>\nlink: http:\/\/manitoba.subjectpoolonline.com\/Manitoba\/<br \/>\nFor each study, please sign-up for a session in which you will participate. It is your responsibility to keep<br \/>\ntrack of when sign-up sheets are being posted, in case you miss the announcement.<br \/>\nThe Behavioural Research Committee keeps track of your participation and will notify your instructor of<br \/>\nyour participation at the end of the term.<br \/>\nAt the end of the term, you will be debriefed, i.e., you will be informed as to what was being studied in each<br \/>\nstudy. This debriefing will allow you to see how marketing theory is developed through academic research.<br \/>\nIf you find yourself unable or are unwilling to participate in a particular study, please inform your<br \/>\ninstructor. The Behavioral Research Committee will assign a research paper, to be graded as pass\/fail, as an<br \/>\nalternative way to earn experimental participation credit. You will need to choose this option prior to the<br \/>\ncompletion of the study in which you will not participate. This choice cannot be made retroactively if you<br \/>\nmiss a study. There will be no makeup studies.<br \/>\n8<br \/>\nAlternative Assignment for MKT 2210<br \/>\nIn the case of a student not wishing to participate in a research study or being unable to attend the scheduled<br \/>\nsessions, the following option is offered as an alternative assignment. This alternative assignment is<br \/>\ndesigned to take approximately one hour of time, the same time that would be spent if you were<br \/>\nparticipating in the research program.<br \/>\nStudents are to find one research article in any of the following journals published in the last 2 years:<br \/>\nJournal of Consumer Research<br \/>\nJournal of Consumer Psychology<br \/>\nJournal of Advertising<br \/>\nJournal of Public Policy and Marketing<br \/>\nStudents will be required to read the article and submit a short one page summary of the main findings to<br \/>\nmktg_research@umanitoba.ca. Credit will be given to the student as if they participated in the research<br \/>\nstudy.<br \/>\nStudents will be required to read the article and submit a short one page summary of the main findings to<br \/>\nmktg_research@umanitoba.ca. This report is due before the end of the study session in which it is<br \/>\ncounting. For example, if it is used for Study 1, this summary is due before study 1 sessions have<br \/>\ncompleted. Credit will be given to the student as if they participated in the research study.<br \/>\nAny questions about the assignment or suggestions for articles should be directed to<br \/>\n9<br \/>\nAACSB Assurance of Learning Goals and Objectives.<br \/>\nThe Asper School of Business is proudly accredited by AACSB. Accreditation<br \/>\nrequires a process of continuous improvement of the School and our students. Part of<br \/>\n\u201cstudent improvement\u201d is ensuring that students graduate with the knowledge and<br \/>\nskills they need to succeed in their careers. To do so, the Asper School has set the<br \/>\nlearning goals and objectives listed below for the Undergraduate Program. The<br \/>\nchecked goal(s) and objective(s) will be addressed in this course and done so by means<br \/>\nof the items listed next to the checkmark.<br \/>\nGoals and Objective in the Undergraduate Program<br \/>\nGoals and<br \/>\nObjectives<br \/>\nAddressed<br \/>\nin this<br \/>\nCourse<br \/>\nCourse Item(s)<br \/>\nRelevant to<br \/>\nthese Goals<br \/>\nand Objectives<br \/>\n1 QuantitativeReasoning<br \/>\nA. Determine which quantitative analysis technique is appropriate for<br \/>\nsolving a specific problem.<br \/>\n\u00fc<br \/>\nB. Use the appropriate quantitative method in a technically correct<br \/>\nway to solve a business problem.<br \/>\n\u00fc Quantitative<br \/>\nanalysis in case<br \/>\nassignments<br \/>\nC. Analyze quantitative output and arrive at a conclusion. \u00fc<br \/>\n2 WrittenCommunication<br \/>\nA. Use correct English grammar and mechanics in their written work. \u00fc Written case<br \/>\nassignments<br \/>\nB. Communicate in a coherent and logical manner \u00fc Written case<br \/>\nassignments<br \/>\nC. Present ideas in a clear and organized fashion. \u00fc Written case<br \/>\nassignments<br \/>\n3 Ethical Thinking<br \/>\nA. Identify ethical issues in a problem or case situation \u00fc Case assignments<br \/>\nB. Identify the stakeholders in the situation. \u00fc Case assignments<br \/>\nC. Analyze the consequences of alternatives from an ethical<br \/>\nstandpoint.<br \/>\n\u00fc Lectures<br \/>\nD. Discuss the ethical implications of the decision. \u00fc Lectures<br \/>\n4 Core Business Knowledge \u00fc Entire course<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FUNDAMENTALS OF MARKETING COURSE OBJECTIVES: This course is a foundation for: 1) future courses in marketing; and 2) a basic understanding of the marketing function for those who will not take other development courses in the marketing area. As such, <a href=\"https:\/\/www.benedictsol.com\/blogs\/fundamentals-of-marketing\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-95839","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/95839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=95839"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/95839\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=95839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=95839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=95839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}