Marketing Management 1 by S Saibaba (MM1)
Marketing Management 1 by S Saibaba (MM1)
Marketing Management 1 by S Saibaba (MM1)
Management – I
Subject Code: MM – I
PGDM 2021-2022 | Term I | Credits 3
Course Introduction
Dr. S. Saibaba
Assistant Professor Marketing is more than just advertising and selling. Marketing is a
SDM Institute for philosophy, a perspective, an attitude, a management orientation, and
Management Development an organizational function. Marketing involves a range of activities to be
(SDMIMD), Mysore performed together by various functional areas or departments of an
www.sdmimd.ac.in organization. As rightly quoted by David Packard, co-founder of Hewlett-
Packard, “Marketing is too important to be left only to the marketing
8248051063/9985424930 department.” The success of marketing depends on understanding and
satisfying customers’ needs and wants and building long-term profitable
relationships with them. According to Peter Drucker (a leading
Management Guru), "Marketing is the only distinguishing and unique
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function of business. If we want to know what a business is, we have to
start with its purpose. And its purpose must lie outside the business
itself. In fact, it must lie in society since a business enterprise is an organ
https://www.sdmimd.ac.in of society. There is only one valid definition of business purpose that is
/Saibaba to create a customer". Marketing, as an organizational philosophy,
entails many critical decisions, and their success would enable an
organization to build sustainable competitive advantage. In today’s
highly dynamic and competitive marketplace, the significance of
managing marketing function and its scope has substantially increased.
There is an increased responsibility and accountability on part of
marketing professionals, for planning successful marketing activities to
boost return on their investment. Grewal and Levy stated that “good
marketing is not a random activity; it requires thoughtful planning with
an emphasis on the ethical implications of any of those decisions on
society in general”. A clear-cut knowledge of the marketing principles
and the practicalities in managing various marketing activities, are the
fundamental objectives of this course. This course develops an
understanding for the complexities of establishing and implementing
marketing strategies in the marketplace. It places particular emphasis on
important areas of study which includes marketing strategic planning,
consumer behavior, marketing research, ethical marketing practices,
product decisions, branding strategies, pricing decisions, distribution
strategies, and promotional strategies.
Institute Mission Objectives
• Business Leadership
• Organizational excellence
• Social responsibility
• Dealing with change
• Value creation.
Case analysis, discussion, exercises, and group project work will be used as
Pedagogy Description
major learning methods in this course. Cases, readings, and exercises will be
assigned for each session. There is a prescribed textbook for the course. For
each session, the relevant chapter of the text is mentioned in the session wise
plan given. This would require pre-reading for the session.
Classroom lectures would help students to reinforce the readings,
clarify misconceptions, improve their understanding through illustrations and
related concepts drawn from other sources.
The classroom is a forum of discussion. Discussions can enable
students to discover new ideas and provide in-depth insights about the
specific marketing concept.
Exercises used in this course will help students looking business
conditions through marketing lens i.e., the impact of business decisions on
markets and society at large. This will help students in enhancing their critical
thinking abilities.
Various articles and reports derived from a variety of sources such as
Harvard Business Review, Forbes, PWC will also supplement the course
delivery., as given in the session plan. These conceptual articles and market
reports will help students to have a deeper understanding of concepts and
their applications.
Case study discussions and analysis are meant for understanding the
complex issues in dealing with diverse market situations. There is no one-size-
fits-all approach to solving marketing problems. Through case study analysis,
students can sense the intricacies of dynamic and competitive market
situations and be able to apply their learnings. This can provide the realistic
experience of being a marketing professional handling a variety of marketing
issues.
Group project will help students understand how they can work
effectively in teams and resolve conflicts within the team. This will reinforce
the need for having holistic marketing approach, with proper coordination
among the various functional areas in any organization. Students will have to
submit different phases of the project during the course, within pre-defined
deadlines.
Project presentations will help students to determine how (a) they
can communicate effectively among team members to develop a team-
prepared written project and (b) they can make a persuasive, effective
presentation of their project. Students working in teams will have to provide
their contributions during the course, relating to different topics of
discussion.
Session Plan
Session 1 Introduction to Marketing Management
What is Marketing? – Scope of Marketing – Core Marketing Concepts
– Company Orientation toward the Marketplace – Marketing
Management Tasks – Importance of Marketing in Global Economy
Reading Material:
Chapter 1 of Textbook
Additional Reading:
Marketing myopia. Harvard business review (1960).
Rethinking marketing. Harvard business review (2010).
Is Your Marketing Organization Ready for What’s Next? – Harvard
Business Review (2020)
Marketing in a machine world, The Economic Times May 7th, 2020.
Marketing in the era of digital revolution, The Economic Times
February 22nd, 2020.
The New Age of Marketing and Digital Transformation, Forbes,
December 22nd, 2017.
Session 2 Developing Marketing Strategies and a Marketing Plan
The Value Chain – Core Competencies – The Strategic Planning
Process – Developing Corporate and Business Unit Strategies –
Implementing and Evaluating Marketing Strategies – Creating the
Marketing Plan
Reading Material:
Chapter 2 of Textbook
Case Study Discussion - Reinventing Adobe
Additional Reading:
When marketing is strategy? Harvard business review (2013).
Is your marketing strategy based on the right data? Harvard business
review (2020).
Marketing Matters Now More Than Ever, Forbes, January 8th, 2019.
The New Era of Marketing Strategy, Forbes, May 14th, 2019.
Session 3 The Marketing Environment
Environmental Scanning and Analysis – Responding to Environmental
Forces – The Immediate Environment – Macro Environment Factors –
Demographic – Economic – Sociocultural – Natural – Technological –
Political-Legal
Reading Material:
Chapter 3 of Textbook
Case Study Discussion - India's Amul: Keeping Up with the Times
Additional Reading
Marketing Analysis Toolkit: Situation Analysis – Harvard Business
School (2010)
Marketing in the Age of Alexa. Harvard business review (2018).
India and the elusive demographic dividend, The Economic Times,
May 10th, 2021.
Marketing Trends Observed During the Pandemic — And Why It's
Time to Act, Forbes, April 21st, 2021.
Session 4 Social Responsibility and Ethics in Marketing
The Dimensions of Social Responsibility – Social Responsibility Issues
Marketing Ethics – Ethics Issues in Marketing – Incorporating Social
Responsibility and Ethics into Strategic Planning
Reading Material:
Handouts will be provided.
Additional Reading:
How to Use Ethical Marketing to Attract the Right Audience, Forbes,
August 30th, 2019.
Unethical Marketing Destroys Customer Experience and Brand
Reputation, Forbes, August 11th, 2019.
How Leading Global Companies are using Sustainability as a Market
Differentiator, Forbes, July 24th, 2020.
A Brave New Marketer: Rising to The Challenge of Sustainability
Communications, Forbes, April 13th, 2021.
Session 5 Marketing Information Systems and Marketing Research
Components of Modern Marketing Information System – Internal
Records – Marketing Intelligence – The Marketing Research Process
(Define the problem; Develop the research plan; Collect relevant
information; Develop Findings; Take marketing actions) – Sales
Forecasting Techniques
Reading Material:
Chapter 4 of Textbook
Case Study Discussion - TruEarth Healthy Foods: Market Research for
a New Product Introduction
Additional Reading:
Building an Insights Engine – Harvard Business Review (2016)
The Power of Positive Surveying - Harvard Business Review (2017)
Session 6 Case Study Discussion - Hindustan Unilever's "Pureit"
Water Purifier
Session 7 Creating Long-Term Loyalty Relationships
Building Customer Value, Satisfaction, and Loyalty – Customer
Lifetime Value (CLTV) – Customer Relationship Management
Reading Material:
Chapter 5 of Textbook
Additional Reading:
The One number You need to Grow – Harvard Business Review (2003)
Why Customer Loyalty Programs Can Backfire – Harvard Business
Review (2021)
The Loyalty Economy - Harvard Business Review (2020)
Session 8 Understanding Consumer Behavior
Factors Influencing the Consumer Decision Process – Cultural – Social
– Individual – Psychological – Consumer Buying Decision Process –
Involvement and Consumer Buying Decisions – Consumer
Misbehavior
Reading Material:
Chapter 6 of Textbook
Case Study Discussion - L'Oreal: Global Brand, Local Knowledge
Additional Reading:
The New Science of Customer Emotions – Harvard Business Review
(2015)
Neuromarketing: What You Need to Know - Harvard Business Review
(2019)
The Elusive Green Consumer – Harvard Business Review (2020)
Marketing Meets Mission - Harvard Business Review (2020)
The Female Economy - Harvard Business Review (2009).
Luxury branding below the radar – Harvard Business Review (2015).
The Future of Consumer Markets – PWC report (2021).
Session 9 Business-to-Business Marketing
Business Markets – Characteristics of Organizational Buying – The
Buying Center – Stages in Buying Process – Building B2B Relationships
Reading Material:
Chapter 7 of Textbook
Case Study Discussion - British Columbia Box Limited
Additional Reading:
The B2B Elements of Value - Harvard Business Review (2018)
Selling Solutions isn't Enough – MIT Sloan Management Review (2018)
Customer Value Propositions in Business Markets – Harvard Business
Review (2006)
The New B2B Value Chain – PWC Report (2021)
Session 10 Market Segmentation, Targeting and Positioning
Markets and Market Segments – Bases for Segmenting Consumer
Markets and Business Markets – Market Targeting – Criteria for
Successful Segmentation
Reading Material:
Chapter 9 of Textbook
Case Study Discussion – The Fashion Channel
Additional Reading:
Segmenting the Base of the Pyramid. Harvard Business Review (2011)
Session 11 Market Segmentation, Targeting and Positioning
(contd.)
Identify and Develop Positioning Strategy – Positioning Methods –
Perceptual Mapping – Repositioning
Reading Material:
Chapter 10 of Textbook
Case Study Discussion - Evoe Spring Spa: A Positioning Dilemma
Tanishq: Positioning to Capture the Indian Woman's Heart
Additional Reading:
Marketing Reading: Brand Positioning – Harvard Business Publishing
Session 12 Competitive Strategies
Growth Strategies – Competitive Strategies for Market Leaders –
Market-Challenger Strategies – Market-Follower Strategies – Market-
Nicher Strategies – Marketing in a Slow Growth Economy
Reading Material:
Chapter 12 of Textbook
Case Study Discussion - Brighter Smiles for the Masses--Colgate vs.
P&G
Additional Reading:
What Is Disruptive Innovation? - Harvard Business Review (2015)
Session 13 Product, Branding, and Packaging Decisions
Product Characteristics and Classification – Product Mix and Product
Line Decisions – Role of Brands – Branding Strategies – Packaging and
Labeling Products
Reading Material:
Chapters 11 & 13 of Textbook
Case Study Discussion - Crescent Pure
Additional Reading:
Branding in the Digital Age – Harvard Business Review (2010).
The Brand Report Card – Harvard Business Review (2000).
Getting Brand Communities Rights – Harvard Business Review (2009)
Dealing with Student displays Student displays Student displays Student does not
Change excellent good partial have
understanding of understanding of understanding of understanding of
marketing as one marketing as one marketing as one marketing as one
of the key drivers of the key drivers of the key drivers of the key drivers
of organizational of organizational of organizational of organizational
change and change and change and change and
development. development. development. development. Not
Able to critically Able to analyze Able to identify able to
analyze the the dynamic the dynamic comprehend
dynamic aspects aspects of aspects of dynamic aspects
of marketing marketing issues marketing issues of marketing
issues in the case in the case study. in the case study. issues in the case
study. study.
Value Creation Various Various value Few alternatives Few alternatives
alternatives and creation of value creation of value creation
scenarios of value alternatives and discussed, but discussed, without
creation with scenarios are without any reasoning.
appropriate discussed, but not convincing No proper
reasoning all of them are reasoning. conclusion.
discussed. with appropriate Some conclusions Recommendations
Draws highly reasoning. are made, but are superficial
logical conclusion, Good conclusions, they are not
and makes apt mostly logical and logical, and
and appropriate recommendations recommendations
recommendations are convincing. are not
convincing.
Group Project
Quiz
Websites
Forbes
PWC
McKinsey
AC Nielsen
Economic Times