MGT 105: Product Promotion and Brand Management Spring 2014 INSTRUCTOR: Tina Klein, Ph.D. EMAIL: [email protected] OFFICE HOURS: By Appointment TEACHING ASSISTANT: Matthew Lupoli ([email protected]) DESCRIPTION Brand management is more important and challenging now than it has ever been. Brand managers face a seemingly unlimited number of options and opportunities for aligning product, price, place, and promotion strategies. They also face increased risk as they strive to deal with sea changes in the marketing environment, including the rise of private labels, media fragmentation, pressure for short-term results, shifting consumer preferences, and technological advancements that level the playing field, to name just a few. Which brands make you happy? Disney? Apple? Starbucks? The Daily Show? Google? Obama? What draws you into these brands? How do organizations create compelling brand experiences? How could you cultivate a brand that fosters consumers’ happiness? This course explores such questions with the goal of identifying the ingredients for building and managing an inspired brand, where brand is defined as “a reputation” – departing from traditional perspectives of brand. A brand name, and its associated brand equity, is one of the most valuable assets of any firm. The course aims to provide students with an appreciation of the role of branding and will augment students’ ability to think creatively and critically about the strategies and tactics involved in building, leveraging, defending, and sustaining an inspired brand. The course addresses important branding decisions faced by organizations and individuals interested in building their own brands and/or immersing themselves in the enhancement of an existing brand. The course will interweave lectures, class discussions, and in and out of class exercises. It also includes a computer simulation which will allow students hands-on experience in making brand management decisions and seeing the consequences of those decisions. LEARNING OBJECTIVES 1) increase understanding of the important issues in planning, implementing and evaluating brand strategies; 2) introduce relevant theories, models and tools for the making of brand decisions, and 3) enable students to apply these principles and see the results in a computer simulation of brand management. MATERIALS Required Strategic Brand Management, 4th edition (author Kevin Lane Keller) PharmaSim: A Brand Management Simulation, (authors Stuart W. James, Thomas C. Kinnear, and Michael Deighan, Interpretive Software) SCHEDULE Date Topic Assignment April 1 Brands and Brand Management April 3 Customer-Based Brand Equity and Brand Positioning April 8 Brand Resonance and the Brand Value Chain Read: Ch. 1 Read: Ch. 2 Read: Ch. 3 Read: Ch. 4 April 10 Begin playing PharmaSim Individual practice rounds 1 and 2 (with 3 replays per period) April 15 Designing and Implementing Brand Marketing Programs PharmaSim restarted for team play April 17 April 22 Mystery Shopping Presentations Mystery Shopping Presentations Hand in: List of Group Members & Topic Read: Chs. 5-6 Submit: Power Point Slides (if you’re presenting on this day) Submit: Power Point Slides (if you’re presenting on this day) Building Brand Equity Read: Ch. 7 April 29 PharmaSim Advance Simulation to Period 4 Submit: Initial Strategy Paper May 1 Measuring and Interpreting Brand Performance Read Ch. 8 May 6 PharmaSim Advance Simulation to Period 5 Read Ch. 9 April 24 Midterm Exam (covers chapters 1-9) May 8 May 13 Measuring Outcomes of Brand Equity May 15 PharmaSim Advance Simulation to Period 7 Read: Ch.10 Read Ch. 11 Read Ch. 12 May 20 Introducing and Naming New Products May 22 PharmaSim Advance Simulation to Period 8 Submit: Homework #1 Read: Ch. 13 Read Ch. 14 May 27 Managing Brands Over Geographic Boundaries and Market Segments Closing Perspectives Advance Simulation to Period 10 May 29 June 3 PharmaSim Presentations June 5 PharmaSim Presentations Tuesday, June 10 11:30am – 2:30pm Submit: Homework #2 Read Ch. 15 Submit: Power Point Slides (if you’re presenting on this day) Submit: Power Point Slides (if you’re presenting on this day) Report of Group Results (all groups) Final Exam (covers chapters 10-15) ASSIGNMENTS Mystery Shopping Presentation: Behave like a mystery shopper: Observe merchandising, pricing, communication, atmospherics, service, and try to understand the brand’s positioning. Based upon your store experience, how would you define the brand in three words? Share your observations about whether and how the brand was effectively communicated through your experience at the store. Report back to the class about your mystery shopping experience. You are expected to submit a copy of your power point slides to Ted on the day your presentation is scheduled. For this assignment, I would like you to form groups of 4-6 members. Simulation: The centerpiece of the course is PharmaSim: A Brand Management Simulation. Simulations allow students to learn from their own experience, to experiment with different strategies, and to live with their decisions over the long run. In effect, they are flight simulators for managers, and should deepen your understanding of the techniques covered in class. Deliverables for this assignment are an initial strategy paper, a group presentation, and an 8-page paper reporting your group’s results. For this assignment, I would like you to form groups of 3-4 members. Homework: There will be two homework assignments toward the end of the quarter. They are designed to introduce topics we will cover in class and their content will vary. I will let you know specifics when I assign them. Exams: Two exams will be administered during the course, a midterm and a final. Each is worth 15% of your grade. Class Participation: During the course, we will use a variety of cases, exercises, and simulations. This course is interactive and participatory. Class participation is therefore a large component of your learning. A necessary (but not sufficient) element of class participation is being present for every class. Additionally, your comments in class should reflect your knowledge of the reading and integration of materials. Ideally, they should also add substance to the discussion and reflect critical thinking. Sometimes students prefer to use a name that is different than their legal one. If this is the case for you, make sure you list BOTH on your name tag so that I may assign class participation points properly. Rady School Research Pool: 5% of your grade is based on participation in two experiments offered by the Rady School Research Participant Pool. Each experiment will take up to one hour. If new to lab participation, to register for an account and to receive additional information about upcoming lab studies, visit: http://radyclasscredit.sona-systems.com/Default.aspx?ReturnUrl=%2f and click “New Participant? Request an account here.” When you register, you will be assigned a unique ID – you will need to provide this ID each time you participate in a study. Make sure to keep track of it! If you have served as a participant before, you will need to update which classes you are registered for in order to receive credit. Log in to your account here: http://radyclasscredit.sonasystems.com/Default.aspx?ReturnUrl=%2f and go to the “My Profile “page. There is an option near the bottom of the page to "Change Courses." Questions about lab studies can be directed to [email protected]. Studies will begin during week 2 or 3 of the quarter. GRADING Your grade is based in the following: Assignments Mystery Shopping Presentations PharmaSim Assignments Homework Exams Class Participation Rady School Research Pool Total Percentage 10% 25% 10% 30% 20% 5% 100% We will curve grades at the end of the quarter. Please note that the TA and I make every effort to enter your grades accurately into Ted. However, it is your responsibility to check periodically to ascertain if there are any errors, which you should point out to us immediately. ACADEMIC INTEGRITY Integrity of scholarship is essential for an academic community. As members of the Rady School, we pledge ourselves to uphold the highest ethical standards. The University expects that both faculty and students will honor this principle and in so doing protect the validity of University intellectual work. For students, this means that all academic work will be done by the individual to whom it is assigned, without unauthorized aid of any kind. The complete UCSD Policy on Integrity of Scholarship can be viewed at: http://senate.ucsd.edu/manual/Appendices/Appendix2.pdf STUDENTS WITH DISABILITIES A student who has a disability or special need and requires an accommodation in order to have equal access to the classroom must register with the Office for Students with Disabilities (OSD). The OSD will determine what accommodations may be made and provide the necessary documentation to present to the faculty member. The student must present the OSD letter of certification and OSD accommodation recommendation to the appropriate faculty member in order to initiate the request for accommodation in classes, examinations, or other academic program activities. No accommodations can be implemented retroactively. Please visit the OSD website for further information or contact the Office for Students with Disabilities at (858) 534-4382 or [email protected].
© Copyright 2024