Marketing Strategy (Non Marketing Major) (SS 2018)


Course Number
042324

Field(s) of Study
Master

University Calendar

Learnweb Platform

Type
Seminar

Course Language
englisch


Course schedule

Day Time Frequency Date Room
Friday 14:00- 16:00 single date 20.04.2018  
Friday 14:00- 16:00 single date 27.04.2018  
Friday 14:00- 16:00 single date 04.05.2018  
Friday 14:00- 16:00 single date 18.05.2018  
Friday 14:00- 16:00 single date 08.06.2018  
Friday 14:00- 16:00 single date 22.06.2018  
Friday 16:00- 18:30 single date 22.06.2018 Krummer Timpen 5, ULB 101
Friday 14:00- 16:00 single date 13.07.2018  
Friday 14:00- 16:30 single date 20.07.2018  

Notice

Prerequisite: Non Marketing Major

Syllabus to this course.

Contact person: Dipl.-Ing. Michael Zylla

This course takes place in both terms of the summer semester. A binding registration is needed. The deadline for this is March 31st, 2018 | 23:59.
For your application please send a short, informal email with the following information to Dipl.-Ing. Michael Zylla:
- full name
- matriculation number
- major subject
- the information whether you are an Erasmus student or not

Course grade: Initial exam (15 %) | Individual work (15 %) | Group work (70 %)
Please register at the examination office for the regular examination period.

Credit points: 12 ECTS (BWL PO 2010)

During the course, please communicate and stay updated via the course page on Learnweb. Announcements, lecture slides and any additional material will be published there.

The password for all lecture materials will be displayed in our showcase at the MCM (Am Stadtgraben 13-15, 1st floor) four weeks prior to the first lecture and will also be given in the first lecture. Email and telephone enquiries regarding the password will not be answered.

Description

Target group
The seminar is open to Masters students with a non-marketing major and international students.

Background and relations to other courses
It is more important now than ever before for students to be able to apply their theoretical knowledge in a practical environment. Giving students the skills to improve their strategic long-term orientation is a key goal of this course. In a computer-simulated environment, each team is responsible for implementing tactics which force teams to look beyond the immediate gain to be had from each of their decisions. Students will be able to accurately gauge the success or failure of their strategies over time, making this simulation a risk-free method for improving skills, for testing alternatives, and for building confidence. The simulation program therefore enforces the combination of strategic long-term orientation and tactics and extends the normal learning methods. During the simulation game, the students are continuously provided with evidence-based input from papers published in leading marketing journals. On the one hand, the lecturers present this input to the students but on the other hand, students are also asked to read, present and critically evaluate findings from well-chosen papers themselves. In this way, this course represents a unique possibility for students with a different study focus, to gather a basic understanding of how to make marketing decisions and become familiar with marketing research accompanied by the possibility to directly test decisions in a risk-free environment.
Prerequisites for this course are a basic knowledge of market analysis tools, marketing mix strategies, strategic marketing, as well as marketing plans.

Main topics and learning objectives
This course builds on students’ knowledge of marketing management and focuses on how firms can formulate market-driven business strategies. Furthermore, this course broadens students’ understanding of product innovation management, as well as effective product portfolio management in a dynamic market environment. The objectives of this course are to enable students to do the following:

(1)   Define a business strategy and goals, and select target products/markets in order to gain a profitable and sustainable competitive advantage.
(2)   Identify external threats and opportunities concerning customers, competitors, and the environment that a business might face.
(3)   Assess a business's strengths and weaknesses in relation to those of competitors, and determine external factors that might add to a competitive advantage.
(4)   Design and implement products to fit a target group, as well as market needs.
(5)   Apply analytical tools to market strategy development.
(6)   Gain an appreciation for academic publications on strategic marketing issues.
(7)   Read, present and critically evaluate findings from publications in top-tier journals.

Teaching modes
The course content of Marketing Strategy will be course sessions and group work. Presence in all sessions is mandatory (students are allowed to miss one session if they have valid reasons), and active course participation is required. The issues discussed in the course sessions and group work will serve as the accompanying simulation game’s qualitative and quantitative basis.

The computer simulation game – Markstrat – is used as a pedagogical tool. Students’ participation in the game is therefore mandatory. The game objective is to increase the simulated company’s value, as expressed by the stock price index. This index consolidates key figures such as the market share and sales.

The course takes the form of a survey of different frameworks and analytical tools, rather than comprehensively examining a specific marketing strategy. Students are advised to keep this in mind.

Lecturers

  • Professor Dr. Manfred Krafft (responsible)
  • Dipl.-Ing. Michael Zylla (accompanying)