| Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
David Gray
Contact via david.gray@mq.edu.au
E4A Room 628
By appointment
Lecturer
Brenton Price
Contact via brenton.price@mq.edu.au
N/A
By appointment only – please email
Lecturer
Lawrence Potter
Contact via lawrence.potter@mq.edu.au
N/A
By appointment
Lecturer
John Edwards
Contact via john.edwards@mq.edu.au
TBA
By appointment - contact by email
Lecturer
Wayne Kingston
Contact via wayne.kingston@mq.edu.au
N/A
By Appointment - by email
Yang Yang
|
|---|---|
| Credit points |
Credit points
3
|
| Prerequisites |
Prerequisites
(MKTG202 and MKTG203 and 6cp in MKTG units at 300 level) or (admission to BMktgMedia and MKTG202 and MKTG203 and 3cp in MKTG units at 300 level)
|
| Corequisites |
Corequisites
|
| Co-badged status |
Co-badged status
|
| Unit description |
Unit description
The overall objectives of this unit are to introduce methods of strategic thinking and a set of practical tools and concepts that will enable students to develop, evaluate and implement innovative marketing strategies; and to provide theories, frameworks and examples relating to the management of critical aspects of strategic marketing activity. The focus is on a customer-oriented approach to the marketing organisation, market definition, and market segmentation; as well as an entrepreneurial approach to strategic choice. Throughout the unit the emphasis is on the analysis process: identifying information needs, acquiring the necessary information, interpreting it, and using it as the basis for business recommendations. During this unit students will engage in a marketing strategy simulation game and will have the opportunity of making a series of complex, real-world marketing decisions. It places teams in a dynamic competitive environment in which they devise and pursue their own strategies and react to the moves of competitors.
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Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
| Name | Weighting | Due | Groupwork/Individual | Short Extension | AI assisted? |
|---|---|---|---|---|---|
| A1: Case Study | 30% | 3 April (See class schedule) | No | ||
| A2: Simulation Game | 30% | See class schedule | No | ||
| A3: Reflective Journal | 25% | As per class schedule | No | ||
| A4: Class Test | 15% | as per class schedule | No |
Due: 3 April (See class schedule)
Weighting: 30%
Groupwork/Individual:
Short extension 3: No
AI assisted?:
The assumption is that you will represent the company's sales and marketing staff. Your lecturer will assume the composite role of the new President and CEO, the Chairman of the Board, and the CFO. Your role will be to prepare this individual case report to persuade your President (etc) to adopt your case analysis and strategy recommendations to improve the performance of the company. The teaching objective for this case are:
PART A (Maximum 15% of Total Marks)
PART B (Maximum 15% of Total Marks)
To study the Australian Hotel industry and then develop and justify an alternative viable blue ocean strategy approach(s) for the US Based company if it were to set up business in Australia.
Each student to individually complete one (1) case study report during the semester. The case study is worth a maximum of 30%.
Assessment (A1)- Case Due- 3 April by 11.59pm via Turnitin. The case is : Astor Lodge & Suites, Inc (30%) – To be found in Kerin & Peterson page 338
No extensions will be granted. Late tasks will be accepted up to 72 hours after the submission deadline. There will be a deduction of 20% of the total available marks made from the total awarded mark for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in submission - 40% penalty). This penalty does not apply for cases in which an application for disruption to studies is made and approved.
Case Study Length:
Due: See class schedule
Weighting: 30%
Groupwork/Individual:
Short extension 3: No
AI assisted?:
Submission:
The Blue Ocean Marketing Strategy simulation is an online game which requires teams to make a series of complex, real world marketing decisions over a simulated period of 9 years. It places teams in a dynamic competitive environment in which they must devise and pursue their own strategies and react to the moves of competitors. Submissions made via BOSS web site from weeks 3 to 6.
The assessment mark will be based on your final team Share Price Index (SPI) at the end of Blue Round 3. Individual marks for each student are based on a ranking of the SPI for all teams in the unit at the end of Blue Round 3. Student marks will also be subjected to peer review by group members. Peer review scores will be averaged and used to adjust raw group marks.
Due: As per class schedule
Weighting: 25%
Groupwork/Individual:
Short extension 3: No
AI assisted?:
Reflective writing enables the documentation of experiences, thoughts, questions, ideas and conclusions that signpost your learning journey.
During the Blue Ocean Strategy Simulation all students are required to keep a private reflective journal of their activities and thoughts after each round of the game. Each student is to submit an interim reflective journal update after the end of the red round
As per the assessment guidelines on iLearn website. Note: The Maximum page length for the final reflective journal is 30 pages
Penalty
No extensions will be granted for the final reflective journal. Late tasks will be accepted up to 72 hours after the submission deadline. There will be a deduction of 20% of the total available marks made from the total awarded mark for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in submission – 40% penalty). This penalty does not apply for cases in which an application for disruption to studies is made and approved.
Non submission of the interim Red Round journal without prior approval in writing will be subject to a penalty of 30% of the final mark.
Due: as per class schedule
Weighting: 15%
Groupwork/Individual:
Short extension 3: No
AI assisted?:
Due: Seminar 13 (See Class Schedule)
Weighting: 15%
Purpose: Designed to test the student's knowledge, skills or capabilities of the materials covered during lectures
This unit in Semester 1 is taught in intensive mode: That is, there are 13 seminars x 3 hours taught over 7 weeks. This means that each student must attend 2 x 3 hour seminars each week for the first six weeks and one 3 hour seminar in week seven immediately after the mid-semester break. The timetable for classes can be found on the University web site at: http://www.timetables.mq.edu.au/
Class size will be limited to 50 for each stream. Allocated classes are as follows:
| Class | Day | Time Start | Location | Lecturer |
| MKTG303/S1/Day/Seminar_1/01 | Monday | 12:00pm | C5C 209 Tutorial Rm | Lawrence Potter |
| MKTG303/S1/Day/Seminar_1/02 | Monday | 3:00pm | C5C 209 Tutorial Rm | Brenton Prce |
| MKTG303/S1/Day/Seminar_1/03 | Monday | 6:00pm | C5C 209 Tutorial Rm | John Edwards |
| MKTG303/S1/Day/Seminar_1/04 | Tuesday | 10:00am | C5C 209 Tutorial Rm | Wayne Kingston |
| MKTG303/S1/Day/Seminar_1/05 | Tuesday | 2:00pm | C5C 209 Tutorial Rm | David Gray |
| MKTG303/S1/Day/Seminar_2/01 | Wednesday | 9:00am | C5C 209 Tutorial Rm | Lawrence Potter |
| MKTG303/S1/Day/Seminar_2/02 | Thursday | 11:00am | C5C 209 Tutorial Rm | Brenton Prce |
| MKTG303/S1/Day/Seminar_2/03 | Friday | 5.00pm | C5C 209 Tutorial Rm | John Edwards |
| MKTG303/S1/Day/Seminar_2/04 | Wednesday | 7:00pm | C5C 209 Tutorial Rm | Wayne Kingston |
| MKTG303/S1/Day/Seminar_2/05 | Wednesday | 2:00pm | E3A 244 Seminar Rm | David Gray |
Once allocated to a class students will not be able to change unless there are places in another class or someone in the other class is willing to swap.
Due to the intensive mode teaching students are required to attend at least 10 of the 12 seminars – failure to do so will lead to a 20% deduction from your group-work for each seminar missed. Once the seminar groups are formed, students cannot change their classes. Attendance will be taken in seminar class.
The lecture stream follows the chapters and case studies Kerin and Peterson (2013) text, but materials from other sources will be introduced during the course. It will be assumed that you will have read the chapters assigned each week prior to attending lectures.
The Blue Ocean Strategy Simulation game is based on the work of Kim, W. and Mauborgne, R. 2005. It will be assumed that you will have read the chapters assigned each week prior to attending seminars.
Prescribed unit materials: Online Student Guides for the Blue Ocean Strategy Simulation .
Recommended supplementary texts:
Technology Used and Required
Students are required to learn how to use power point, word processing, iLearn and the Blue Ocean Strategy Simulation Game. No recording devices are to be used by students to record lecture notes without the permission of the lecturer.
Unit web page
The web page for this unit can be found at: iLearn http://ilearn.mq.edu.au
Weekly Schedule of Classes MKTG303 Semester 1, 2015
|
Seminar |
Week Begin |
Lecture Topic |
Seminar/Assessment |
|
1 |
23 February |
Introduction to Marketing Strategy-
Kerin & Peterson Ch. 1 |
|
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2 |
23 February |
Profitability and Financial Management
Kerin & Peterson Ch. 2 |
Blue Ocean Strategy Guide
|
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3 |
2 March |
Marketing Decision Making and Case Analysis - Kerin & Peterson Ch. 3 Blue Ocean Strategy Kim and Mauborgne (2005) Chapter 3 |
Complete Kerin & Peterson Ch. 2 Exercises: 1, 7 and 8 |
|
4 |
2 March |
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Practice Case 1 Dr Pepper Snapple Group, Inc: Energy Beverages- Kerin & Peterson page 105
|
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5 |
9 March |
|
BOSS Practice Round
|
|
6 |
9 March |
Integrated Marketing Communications Strategy and Management Kerin & Peterson Ch. 6 Blue Ocean Strategy: Kim and Mauborgne (2005) Chapter 6 |
Conduct BOSS Red Round Submit Interim Reflective Journal for the Red Round by Saturday 14 March by 11.59pm via Turnitin
|
|
7 |
16 March |
Marketing Channels and Supply Chain Strategy & Management Kerin & Peterson Ch. 7 |
Practice Case 2 Mary Kay India: The Hair Care Product Line Opportunity- Kerin & Peterson page 163
|
|
8 |
16 March |
Pricing Strategy and Management Kerin & Peterson Ch. 8 |
Practice Case 2 continued
|
|
Seminar |
Week Begin |
Lecture Topic |
Tutorial Tasks / Readings
|
|
9 |
23 March |
Managing Strategic Relationships
Strategic Customer Management – Hooley Ch 15
Strategic Alliances and Networks – Hooley Ch 16
|
Conduct BOSS BLUE ROUND 1 - Simulation Game
|
|
10 |
23 March |
Global Marketing Strategy and Management
Kerin & Peterson Ch. 10 |
Conduct BOSS BLUE ROUND 2 - Simulation Game
|
|
11 |
30 March |
Marketing Strategy Reformulation: The control Process Kerin & Peterson Ch. 9 Executing Blue Ocean Strategy Kim and Mauborgne (2005) Chapters 7,8,9 |
BOSS BLUE ROUND 3 |
|
12 |
30 March |
|
Assessment (A1)- Case 1 (30%) Due Friday 3 April by 11.59pm (Via Turnitin) |
| Mid Semester Break 6-19 April | |||
|
13 |
20 April |
Final Seminar
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Macquarie University policies and procedures are accessible from Policy Central. Students should be aware of the following policies in particular with regard to Learning and Teaching:
Academic Honesty Policy http://mq.edu.au/policy/docs/academic_honesty/policy.html
Assessment Policy http://mq.edu.au/policy/docs/assessment/policy.html
Grading Policy http://mq.edu.au/policy/docs/grading/policy.html
Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html
Grievance Management Policy http://mq.edu.au/policy/docs/grievance_management/policy.html
Disruption to Studies Policy http://www.mq.edu.au/policy/docs/disruption_studies/policy.html The Disruption to Studies Policy is effective from March 3 2014 and replaces the Special Consideration Policy.
In addition, a number of other policies can be found in the Learning and Teaching Category of Policy Central.
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/support/student_conduct/
Results shown in iLearn, or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au.
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
For all student enquiries, visit Student Connect at ask.mq.edu.au
For help with University computer systems and technology, visit http://informatics.mq.edu.au/help/.
When using the University's IT, you must adhere to the Acceptable Use Policy. The policy applies to all who connect to the MQ network including students.
Our graduates will also be capable of creative thinking and of creating knowledge. They will be imaginative and open to experience and capable of innovation at work and in the community. We want them to be engaged in applying their critical, creative thinking.
This graduate capability is supported by:
Our graduates will take with them the intellectual development, depth and breadth of knowledge, scholarly understanding, and specific subject content in their chosen fields to make them competent and confident in their subject or profession. They will be able to demonstrate, where relevant, professional technical competence and meet professional standards. They will be able to articulate the structure of knowledge of their discipline, be able to adapt discipline-specific knowledge to novel situations, and be able to contribute from their discipline to inter-disciplinary solutions to problems.
This graduate capability is supported by:
We want our graduates to be capable of reasoning, questioning and analysing, and to integrate and synthesise learning and knowledge from a range of sources and environments; to be able to critique constraints, assumptions and limitations; to be able to think independently and systemically in relation to scholarly activity, in the workplace, and in the world. We want them to have a level of scientific and information technology literacy.
This graduate capability is supported by:
We want to develop in our students the ability to communicate and convey their views in forms effective with different audiences. We want our graduates to take with them the capability to read, listen, question, gather and evaluate information resources in a variety of formats, assess, write clearly, speak effectively, and to use visual communication and communication technologies as appropriate.
This graduate capability is supported by:
We have review the course materials from last semester and have changed the weighting of the assessment items so that we can introduce a class test at the end of the course. This course for this semester is being run in an intensive mode and will be completed over seven week instead of the usual 13 weeks.
This unit uses research from external sources and Macquarie University researchers as listed in the references lists on iLearn.
It will be assumed that you will have read the chapters assigned each week prior to attending lectures. The text covers some of the basic material and provides numerous examples. There will also be a small number of additional readings from other sources that will be provided to you via iLearn.
Other journals and publications of interest include the following:
Other publications Psychological Review The Economist