Micro Lesson plan - Marketing Management

 

ANDHRA LOYOLA INSTITUTE OF ENGINEERING AND TECHNOLOGY

Department: MBA

Subject: MARKETING MANAGEMENT

 

Teacher: Mrs. V. NAGA LAKSHMI                                                          Academic Year:  2020-21

Year/Semester: I--II 

 

Course Outcomes:

 

DESCRIPTION

Bloom’s

Level

At the end of this course the student will able to:

CO1

Student will be able to identify the difference between market and marketing, and gain knowledge on the evolution of marketing concepts

Factual,  Conceptual& Applied

CO2

Student will be able to understand the importance of STP approach in marketing and the bases for segmentation and to identify the key points of positioning techniques

Factual, Conceptual & Procedural

CO3

Student will be able to gain the knowledge on product mix and pricing strategies adopted by marketers in the market

Factual,  Procedural & Applied

CO4

Student gains knowledge about marketing communication process and communication mix elements and their importance in marketing

Factual, Conceptual & Procedural

CO5

Student gains knowledge on distribution types and the importance of sales force compensation and determining the size of sales force

Factual, Conceptual & Procedural

 

Text book References:

Text book -1:  Kotler, Keller, Koshy, Jha, “ Marketing Management”

Text book-2: CN Sontakki, “Marketing Managemnt”

 

 

 

Contents/Activities:

1

Factual: Factual knowledge consist basic information about a particular subject or discipline that students must be acquainted with. This may include the terminology and the specific details or elements of a subject

·         Introduction to Marketing: Needs - Wants – Demands - Products - Exchange - Transactions (UNIT-1)

·         Market Segmentation, Targeting and Positioning: Identification of Market Segments - Consumer and Institutional/corporate Clientele - Segmenting Consumer Markets (UNIT-2)

·         Product and Pricing Aspects: Product – Product Mix - Product Life cycle -Obsolescence- Pricing- Objectives of Pricing (UNIT-3)

·         Marketing Communication: Communication Process – Communication Mix – Integrated Marketing Communication (UNIT-4)

·         Distribution, Marketing Organization and Control: Channels of Distribution-Intensive, Selective and Exclusive Distribution (UNIT-5)

2

Conceptual: Conceptual knowledge consists of knowledge of, or understanding of concepts, principles, theories, models, classifications, etc. We learn conceptual knowledge through reading, viewing, listening, experiencing, or thoughtful, reflective mental activity.

 

·         Concept of Market and Marketing and Marketing Mix - Production Concept- Product Concept - Sales and Marketing Concept - Societal Marketing Concept - Green Marketing concept - Indian Marketing Environment (UNIT-1)

·         Methods of Pricing - Selecting the Final price - Adopting price - Initiating the price cuts - Imitating price increases-Responding to Competitor’s price changes.(UNIT – 3)

·         Managing Advertising Sales Promotion - Public relations and Direct Marketing - Sales force, Determining the Sales Force Size - Sales force Compensation.(UNIT-4)

 

3

Procedural:  Procedural knowledge is the knowledge exercised in the performance of some task.

·         Segmentation Basis – Evaluation and Selection of Target Markets – Positioning significance - Developing and Communicating a Positioning Strategy(UNIT-2)

·         Organizing the Marketing Department - Marketing Implementation - Control of Marketing Performance - Annual Plan Control - Profitability Control - Efficiency Control - Strategic Control. (UNIT-5)

4

Applied: Applied knowledge is learning that is used in various situations and contexts.

·         Case study analysis (Unit- I to Unit-V)

·         Mini Reports and Presentations (Unit- I to Unit-V)

                   

Schedule and Sequence:

Day

Topic

Objectives

Before Class-Videos, e-Books, Case Studies

In-Class-Activities, Quiz

Post-Class-Assignment, Discussion Forum

1

 

Introduction to Marketing: Needs - Wants – Demands - Products - Exchange - Transactions -

 

-.

 

 

 

 

 

 

 

 

 

Learn the difference between the global marketing and domestic marketing, and various orientations

 

 

 

 

 

 

 

·         Refer the Text book 1

·         Page No: 14-17

*    Handout

·         Lecture on Basic Concept of global marketing

 

 

Review on the topic

2

 

Introduction to Marketing: Needs - Wants – Demands - Products - Exchange - Transactions -

·         Refer the Text book -1

·         Page No: 14-7

*    Handout

·         Lecture on scope and importance of global marketing

Review on the topic

3

Concept of Market

·          Refer the Text book2 Page No: 1.3-1.6

*Handout

·      Lecture on difference between global marketing and domestic marketing

Review on the topic

4

Marketing and Marketing Mix -

·         Refer the Text book -2 Page No: 1.8-1.12

*    Handout

·         Lecture on reasons for attractiveness of developing country markets globally

Review on the topic

5

Marketing and Marketing Mix -

·         Refer the Text book -2 Page No: 4.1-4.13

*    Handout

·      Lecture on international orientations

Review on the topic

6

Production Concept- Product Concept - Sales and Marketing Concept - Societal Marketing Concept - Green Marketing concept

·         Refer the Text book 2

·         Page No: 1.12-1.15

*    Handout

·      Lecture on international orientations

Review on the topic

7

Production Concept- Product Concept - Sales and Marketing Concept - Societal Marketing Concept - Green Marketing concept

·         Refer the Text book -2

Page No: 1.12-1.15

*    Handout

·      Lecture on internationalization concept

Review on the topic

8

Production Concept- Product Concept - Sales and Marketing Concept - Societal Marketing Concept - Green Marketing concept

·         Refer the Text book -2

Page No: 1.12-1.15

*    Handout

·      Lecture on driving and restraining forces to do business globally

Review on the topic

9

Indian Marketing Environment

 

·         Refer the Text book -2 Page No: 3.11-3.1     

*    Handout

·      Lecture on driving and restraining forces to do business globally

Review on the topic

10

 

Indian Marketing Environment

·         Refer the Text book -2

      Page No:  3.11-3.19

*    Handout

·      Lecture on different participants involved in international marketing

Review on the topic

11

Indian Marketing Environment

·         Refer the Text book -2      Page No: 3.11-3.19

*    Handout

·      Lecture on different participants involved in international marketing

Review on the topic

12

UNIT-2

Market Segmentation, Targeting and Positioning:

 

 

 

 

 

 

 

 

 

Knowledge of STP Approach and bases for segmenting, positioning, targeting methods

·         Refer the Text book -2

Page No:9.1-9.2

*    Handout

·      Lecture on International marketing strategy

Review on the topic

13

Identification of Market Segments

·         Refer the Text book -2

Page No: 9.2-9.3

*    Handout

·      Lecture on entry strategies in to the global markets

Review on the topic

14

Consumer and Institutional/corporate Clientele 

·         Refer the Text book -2

Page No: 9.5-9.9

*    Handout

·      Lecture on modes to enter in to the global markets

Review on the topic

 

15

Markets Segmentation Basis

·         Refer the Text book -2

Page No: 9.5-9.9

*    Handout

·      Lecture on segmentation concept globally

Review on the topic

 

16

Evaluation and Selection of Target Markets

 

·         Refer the Text book -2

Page No: 9.5-9.9

*    Handout

·      Lecture on international targeting and the key points to be kept in mind for targeting

Review on the topic

 

17

Evaluation and Selection of Target Markets

 

 

 

·         Refer the Text book -2

Page No: 9.10-9.16

*    Handout

Lecture on selecting global target markets

Review on the topic

 

18

 

Positioning significance

·         Refer the Text book -2

Page No: 9.16-9.17

*    Handout

·      Lecture on global product positioning strategy

Review on the topic

 

19

Positioning significance

·         Refer the Text book -2

Page No:9.16-9.17

*     Handout

·      Lecture on business customs in global market

Review on the topic

 

20

Developing and Communicating a Positioning Strategy.

 

 

 

 

·         Refer the Text book -2

Page No:9.17-9.20

*     Handout

·      Lecture on FDIs and FIIs

Review on the topic

 

21

 Developing and Communicating a Positioning Strategy.

 

·         Refer the Text book -2

Page No: 9.17-9.20

*     Handout

·      Lecture on entry strategies adopted in India

 

22

UNIT-3:Product and Pricing Aspects: Product – Product Mix 

 

 

 

 

 

 

 

 

 

Gaining Knowledge of product mix, new product development, PLC stages and pricing strategies for global markets

·         Refer the Text book 2

Page No: 16.1,20.1

*     Handout

·      Lecture on global product and price management

Review on the topic

 

23

Product Life cycle

 

·         Refer the Text book -2 Page No: 16.1-16.10

*     Handout

·      Lecture on international product mix

Review on the topic

 

24

Obsolescence

·         Refer the Text book -2

Page No:16.11-16.15

*     Handout

·      Lecture on global R&D for new product development

Review on the topic

 

25

 Pricing- Objectives of Pricing

·         Refer the Text book -2

Page No: 16.15-16.21

*     Handout

·      Lecture on product diffusion & Adoption in global markets

Review on the topic

 

26

Methods of Pricing

·         Refer the Text book -2

Page No: 19.18-19.22

*     Handout

·      Lecture on international product life cycle

Review on the topic

 

27

Methods of Pricing

·         Refer the Text book -2

Page No: 20.1-20.26

*     Handout

·      Lecture on relationship between product & culture in global markets

Review on the topic

 

28

Selecting the Final price

 

·         Refer the Text book -2

Page No: 20.1-20.26

*     Handout

·      Lecture on global brand leadership

Review on the topic

 

29

Adopting price 

·         Refer the Text book -2

Page No: 20.1-20.26

*     Handout

·      Lecture on environmental influences on global pricing of products

Review on the topic

 

30

Initiating the price cuts

 

·         Refer the Text book -2

Page No: 20.1-20.26

*     Handout      

·      Lecture on grey market goods

Review on the topic

 

 

31-37

Student

Presentations

Mid 1 Assessment

·         Preparation of Mini Report by the Student on the given topic

Minimum 10 Minutes Presentation by each student

Improving presentation skills basing on faculty recommendations

38

Imitating price increase

 

 

·         Refer the Text book -2

Page No: 20.1-20.26

*     Handout  

·      Lecture on transfer pricing

Review on the topic

 

39

Responding to Competitor’s price changes.

 

 

·         Refer the Text book -2

Page No: 20.1-20.26

·         *     Handout        

·      Lecture on global pricing- alternatives

 

40

Responding to Competitor’s price change

 

·         Refer the Text book -2

Page No: 20.1-20.26

·         *     Handout        

·      Lecture on constraints on global pricing

 

41

UNIT-4: Marketing CommunicationCommunication Process – Communication Mix 

 

 

 

 

 

 

 

 

 

To gain knowledge about the marketing communication advertising and sales promotion strategies and techniques

·         Refer the Text book -2

Page No:

*     Handout

·      Lecture on global marketing promotion strategies

Review on the topic

 

42

Integrated Marketing Communication - Managing Advertising

 

 

·         Refer the Text book -2

Page No: 226-230

*     Handout

·      Lecture on channels to go globally to do global business

Review on the topic

 

43

Integrated Marketing Communication - Managing Advertising 

 

·         Refer the Text book - 2

Page No: 230-231

*     Handout

·      Lecture on channels required to do business globally

Review on the topic

 

44

 

 

Sales Promotion

·         Refer the Text book - 2

Page No: 232-234

*     Handout

·      Lecture on patterns of global business

 

Review on the topic

 

45

Sales Promotion 

 

·         Refer the Text book -2

Page No: 100-103

*     Handout

·      Lecture on challenges and issues in global marketing

 

Review on the topic

 

46

Public relations and Direct Marketing

 

·         Refer the Text book -2

Page No: 103

*     Handout

·      Lecture on selecting foreign marketing intermediaries

Review on the topic

 

47

Public relations and Direct Marketing

 

 

·         Refer the Text book -2

Page No: 236-248

*     Handout

·      Lecture on global advertising and sales promotion

Review on the topic

 

48

Determining the Sales Force Size

 

·         Refer the Text book -2

Page No: 213-222

*     Handout

·      Lecture on export policy decisions

Review on the topic

 

49

 Sales force Compensation.

 

 

 

*     Handout

·      Lecture on EXIM policy

 


50

UNIT-5: Distribution, Marketing Organization and Control

 

 

 

 

 

 

 

To gain knowledge on various channel members and development of marketing department and marketing control and its types

·         Refer the Text book -2

Page No: 342-343

*     Handout

·      Lecture on  documents required to accept an order and inquiry

Review on the topic

 

51

Channels of Distribution-Intensive, Selective and Exclusive Distribution

·         Refer the Text book -2 Page No: 343- 344

*     Handout

·      Lecture on   inquiry and offer

Review on the topic

 

52

Channels of Distribution-Intensive, Selective and Exclusive Distribution-

·         Refer the Text book -2

Page No: 344

*     Handout

·      Lecture on export license

Review on the topic

 

53

Organizing the Marketing Department

·         Refer the Text book -2

Page No: 344

*     Handout

·      Lecture on production documents

Review on the topic

 

54

Marketing Implementation

·         Refer the Text book -2

Page No: 345

*     Handout

·      Lecture on packing and marketing

Review on the topic

 

55

Control of Marketing Performance

·         Refer the Text book -2

Page No: 345-348

*     Handout

·      Lecture on quality control and pre – shipment formalities

Review on the topic

 

56

Control of Marketing Performance

·         Refer the Text book -2

Page No: 348-350

*     Handout

·         Lecture on negotiations and documents for pre- shipment

Review on the topic

 

57

Annual Plan Control

 

·         Refer the Text book -2

Page No: 348-350

*     Handout

·         Lecture on negotiations and documents for pre- shipment

Review on the topic

 

58

Profitability Control

 

·         Refer the Text book -2

Page No: 350-351

*     Handout

·      Lecture on documents related to goods for global markets

Review on the topic

 

59

Efficiency Control

Strategic Control.

 

·         Refer the Text book -2

Page No: 351-353

*     Handout

·      Lecture on documents related to shipments

Review on the topic

 

 

60-70

Student

Presentations

Mid 2 Assessment

·         Preparation of Mini Report by the Student on the given topic

Minimum 10 Minutes Presentation by each student

Improving presentation skills basing on faculty recommendations

 

Evaluation:

·         Mini Report: 10 Marks for Mid 1 & Mid 2 Separately.

·         Presentation: 10 Marks for Mid 1 & Mid 2 Separately.

·         Descriptive Exam: 20 Marks for Mid 1 & Mid 2 Separately

·         Total Mid marks 40 Marks: Average of Mid 1 & Mid 2 

 

 

SIGNATURE OF FACULTY                                                                                                                                                                                             SIGNATURE OF HOD

 

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