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MKT-IB Department  |  Frank G. Zarb School of Business  |  Hofstra University

 

MKT 175

Marketing Planning and Product Strategies

 

Dr. Boonghee Yoo, Associate Professor of Marketing             

 

DESCRIPTION

Examination of the environment in which the firm operates and the impact of these conditions on marketing strategy decisions. Student's analytical skills and decision-making abilities in marketing are enhanced through a combination of high level reading assignments, class discussions and participation, term projects and/or assignments, and written examinations. Prerequisites: MKT 101, 124, senior class standing, and 6 additional semester hours of marketing electives.

 

REQUIRED TEXTS

Boyd, Walker, Mullins and Larréché, Marketing Management: A Strategic Decision-Making Approach, McGraw-Hill Irwin.

 

OBJECTIVES AND METHODS OF ACHIEVING THE OBJECTIVES 

This course is to exposure you to a broad overview of contemporary marketing problems and applications, provide you with an opportunity to apply marketing concepts and practices in a wide variety of industry settings, and make you exercise thoughtful analysis over marketing problems as a marketing manager.

 

Thus, the objective of this course is to help you handle each element of the marketing mix - product, place, price, and promotion - to design a marketing strategy and to solve marketing problems.

 

A class will be a subset of videotape, lecture, discussion, review of important concepts, and project analysis with a presentation. Please read the assigned text BEFORE the class and ask the instructor and the class whatever you have difficulty understanding. Such a study habit will enhance your class performance significantly.

 

After completion of this course, you should be able to:

·        Explain the steps in the marketing strategy development process,

·        Understand how to incorporate three major components of marketing strategy,

·        Analyze situation, define problems, develop alternatives, and offer recommendation when given a marketing management case, and

·        Learn how to develop mission statement, marketing objectives, strategies, critical success factors (CSF), and key performance index (KPI).

 

TOPICS

Chapter 1  Marketing Management Process

Chapter 2  Market-Oriented Perspectives

Chapter 3  Environmental Analysis

Chapter 4  Industry Analysis and Competitive Advantage

Chapter 5  Consumer Buying Behavior

Chapter 6  Organizational Markets and Buying Behavior

Chapter 7  Market Knowledge

Chapter 8  Market Segmentation and Target Marketing

Chapter 9  Positioning

Chapter 10  Business Strategies           

Chapter 11  Product Decisions

Chapter 12  Pricing Decisions  

Chapter 13  Channel Decisions

Chapter 14  Promotion Decisions         

Chapter 15  Personal Selling Decisions

Chapter 16  Marketing Strategies for the New Economy          

Chapter 17  Strategies for New and Growing Markets

Chapter 18  Strategic Choices for Mature and Declining Markets         

Chapter 19  Implementation

Chapter 20  Control Systems