MARKETNG 2010 - Marketing Strategy
North Terrace Campus - Semester 1 - 2019
General Course Information
Course Code MARKETNG 2010 Course Marketing Strategy Coordinating Unit Business School Term Semester 1 Level Undergraduate Location/s North Terrace Campus Units 3 Available for Study Abroad and Exchange Y Prerequisites MARKETNG 1001 Incompatible MARKETNG 3503 Course Description The course examines the development and implementation of marketing strategy by providing a framework from which to identify and evaluate strategic options and programs. Topics: forecasting and contextual possibilities, product-market definition, competitive analysis, financial models for marketing strategists, portfolio models, strategic assessment of offerings, marketing strategy implementation systems. This course requires that students have a strong foundation of marketing knowledge gained from Introduction to Marketing (in particular a knowledge of market segmentation).
Course Coordinator: Dr Chris Medlin
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning Outcomes1. Undertake analysis of consumer and business needs to identify changing market segments.
2. Explain and evaluate strategic options for a firm given an understanding of a segmented market context.
3. Undertake a competitor analysis within a segmented market context.
4. Identify suitable positioning characteristics and position a product within a market segment context.
5. Work effectively as a team member.
University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Deep discipline knowledge
- informed and infused by cutting edge research, scaffolded throughout their program of studies
- acquired from personal interaction with research active educators, from year 1
- accredited or validated against national or international standards (for relevant programs)
1-4 Critical thinking and problem solving
- steeped in research methods and rigor
- based on empirical evidence and the scientific approach to knowledge development
- demonstrated through appropriate and relevant assessment
1-4 Teamwork and communication skills
- developed from, with, and via the SGDE
- honed through assessment and practice throughout the program of studies
- encouraged and valued in all aspects of learning
5 Career and leadership readiness
- technology savvy
- professional and, where relevant, fully accredited
- forward thinking and well informed
- tested and validated by work based experiences
1-5 Intercultural and ethical competency
- adept at operating in other cultures
- comfortable with different nationalities and social contexts
- Able to determine and contribute to desirable social outcomes
- demonstrated by study abroad or with an understanding of indigenous knowledges
1-5 Self-awareness and emotional intelligence
- a capacity for self-reflection and a willingness to engage in self-appraisal
- open to objective and constructive feedback from supervisors and peers
- able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate
Required ResourcesWalker, O,. Gountas, J,. , Mavondo, F,. Mullins, J,. "Marketing Strategy: A Decision Focussed Approach". McGraw-Hill, (Any version or year)
Learning & Teaching Activities
Learning & Teaching ModesLectures and tutorials involve students in learning activities including content, case studies and a computer simulation of a segmented market context. In the computer simulation students will deal with large amounts of data, learn to analyze data appropriate to the strategic
needs, learn to ignore irrelevant data, and deal with changing market conditions. Case studies will be used to appreciate the benefits and
limitations of rational planning processes and ways to manage in quickly changing business environments.
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 9 hours for a three-unit course or 13 hours for a four-unit course, of private study outside of your regular classes.
Students in this course are expected to attend their tutorial class each week.
Learning Activities Summary
Introduction to MarkStrat Computer simulation
Lecture Wk 2 Corporate strategies
Introduction to MarkStrat Computer simulation
Lect & Tut Wk 3 Business strategies Lect & Tut Wk 4 Opportunities Lect & Tut Wk 5 Forecasting Lect & Tut Wk 6 Targeting Lect & Tut Wk 7 Positioning Lect & Tut Wk 8 Entry strategies Lect & Tut Wk 9 Growth strategies Lect & Tut Wk 10-12 Other strategies Lect & Tut
Small Group Discovery ExperienceStudents undertake in groups a Marketing Strategy using a Simulation, in which they compete against other groups to gain the highest market value. The simulation is described in detail here: https://en.wikipedia.org/wiki/Markstrat
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Task Task type Weighting Word count/Time Due Learning outcome Peer assessment of
10% N/A Weekly 5 Assignment 1-
Strategic options report based on simulation
Individual; Summative 10% 600 words Weekl 4-6 1-4 e study analysis Collaborative; Summative 10% 1500 words Weekly by group 1-5 Assignment 2 –
Strategy report of simulation
Collaborative; Summative 20% 2500 words, plus appendices Week 12 1-5 Exam Individual; Summative 50% 3 hours 1-4
Assessment DetailPeer Assessment is group work. Students will work in groups on an assigned case study presentation and prepare an analysis (see Case Study analysis). The same group will also compete in a computer simulation, which portrays a competitive market environment.
Attendance at 80% of tutorials is required as a minimum to pass this course.
Case study analysis has the students looking at an assigned market plan problem and presenting the case to a tutorial group. A written summary of the learning from the case study is assessed.
Assignment one is an individual report of a market segment in the computer simulation, in which a student prepares an assessment of the potential sales and the likely competitive environment to forecast market share over a period.
Assignment two is a group report of their results and what they learned about strategic marketing from managing a firm in a computer simulation of a competitive market. The assignment is completed according to the Report Format outlined in the Communication Skills
Final exam is comprised of essay questions and a case study requiring short answers. Students must gain 45% in the final exam to pass the course.
SubmissionStudents should submit work through MyUni, as indicated by the text associated with each assessment. Deadlines are not negotiable once set at the end of week 2 of the course. Please use an assessment cover-sheet. Please keep a backup copy of submitted work. Assessment will occur within 10 business days. Feedback is in the form annotated notes. Work assessed is not redeemable. Any personal reasons for difficulty in meeting assessments should be communicated to the course coordinator as soon as possible.
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending
Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through Access Adelaide.
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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- Academic Support with writing and speaking skills
- Student Life Counselling Support - Personal counselling for issues affecting study
- International Student Support
- AUU Student Care - Advocacy, confidential counselling, welfare support and advice
- Students with a Disability - Alternative academic arrangements
- Reasonable Adjustments to Teaching & Assessment for Students with a Disability Policy
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This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangement Policy
- Academic Honesty Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs
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- Coursework Academic Programs Policy
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- Modified Arrangements for Coursework Assessment
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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