This document provides information about the Business to Business Marketing course offered at NMIMS University in Mumbai, India. It outlines the course details including the faculty instructor Sreeram S, course objectives, pedagogy, reference materials, evaluation criteria, session plan and important dates. The course uses a lecture-case method to examine fundamental B2B marketing concepts and challenges through readings, presentations, videos and case discussions. Students will be evaluated based on quizzes, a group case analysis, individual paper presentations, and an end term examination.
Faculty of BusinessMarketing Discipline Group247.docxlmelaine
Faculty of Business
Marketing Discipline Group
24790 Business Project:
Marketing (Capstone)
Course Notes
Spring 2019
INTRODUCTION
David Waller
Lynne Freeman
Today’s WorkshopCourse OverviewClass MinglingDiscuss Project Ideas in Group
Objective: Familiarise yourself with the course and project requirements!
“a capstone is a crown, a shining and fully functional architectural feature that encloses and, for all time, seals into place the culmination of knowledge and experience.”
Capstone:
Subject descriptionThis subject is a simulated business consultancy project that allows students to investigate a specific business activity related to marketing, using a company of the student's choice. It covers many aspects of marketing, marketing strategy and specialist marketing subjects. Students are required to apply a range of marketing and non-marketing theories already covered in their degree.
24790 Business Project: Marketing (Capstone)
Requisites: 48 Credit Points in Master of Marketing Program Completion of 24734 Marketing Management Completion of 24710 Buyer Behaviour
StaffDavid WallerLynne Freeman
email is the preferred method of communication. If making an appointment at least 48hours notice pleaseUse your UTS email address; state your subject/tutorial number
Subject learning objectives (SLOs)
Upon successful completion of this subject students should be able to:
1. apply a broad range of marketing tools, frameworks and decision-making to real world issues and contexts.
2. access and critically analyse relevant information for comprehensive marketing solutions.
3. integrate multifunctional perspectives and frameworks to deliver comprehensive business solutions and progress
organisational initiatives
4. apply innovative problem solving and develop self-directed project planning and solution processes
5. present effectively in an informal and formal manner the project plans and findings.
Course intended learning outcomes (CILOs)Research and critically analyse complex information and concepts for business decisions and apply them in the broader environmental context (1.1)Apply innovative problem-solving processes to address business issues and integrate the solutions in decision making (2.1)Use oral communication appropriately in a professional context to convey information clearly and fluently (3.2)Evidence understanding of ethical and social responsibility in professional practice and accountability for related personal outputs (4.1)Critically evaluate and apply sustainability principles to decisions in business contexts (4.2)Demonstrate knowledge of diverse cultural and Indigenous perspectives and their implications for professional business practice (4.3)Apply high-level technical skills within specialised marketing management, marketing research and strategic marketing practice (5.1)Execute a substantial research-based or professionally focused marketing management, marketing research or strategic marketing proj ...
Dear students, get latest Solved NMIMS assignments and case study help by professionals.
Mail us at : help.mbaassignments@gmail.com
Call us at : 08263069601
25 May 2018 – IMC (Individual assignment)Pg 127; Roy Morgan Valu.docxtamicawaysmith
25 May 2018 – IMC (Individual assignment)
Pg 127; Roy Morgan Values Segment (choose 1 of the remaining 7).
Do not use:
· Basic needs
· Fairer Deal
· Traditional family life
*Refer to Chapter 8 and reference the textbook
1. We use objectives to evaluate the effectiveness of the ad
2.
3.
Session 3
Segmenting Consumers
· Demographics
· Values / Lifestyles
· Geodemographics
Behavioural tarageting
· Traditionally used after a product launch, segments are based on buying behaviour.
· Brand usage
· Product category usage
· Level of product usage (number of times the product was purchased)
· Newer digital methods include:
· Tracking visitors’ online selection such as:
· Pages visited
· Length of time spent on a page
· Searches performed
Ethical principles of segmenting markets
· Ethical dilemmas include
· Targeting the vulnerable, such as, the young, sick and cognitively impaired
· ‘Conditional branding’
· By making consumers aware of benign medical conditions and profited from the concern they raise among consumers
Brand Positioning
· A clear positioning statement is essential to developing marketing communications strategies.
· Positioning strategies provide for:
· Who the target market is
· What marketing should say about the brand
· What media should be used to reach the target market
Brand Loyalty
· Highest tier of the hierarchy of effects model
· No guarantee that consumers will move to this level
· Create a preference for the brand; reduce a consumer’s brand switch
Practical Budgeting Methods
· Percentage of sales budgeting
· Check and collate sales figure and determine a percentage
· Competitive parity method
· Based the budget on competitor’s spending
· The objective-and-task method
· Affordability method
Concepts and Theories (Apply to number 3)
1. TOMA (Top of mind awareness)
2. ELM (elaboration likelihood model)
3. CPM (cognitive)
4. HEM (hedonic)
5. Functional needs
6. Symbolic needs
7. Experiential needs
8. Liking
9. Credibility
10. Celebrity endorsement
i. TEARS model (used to evaluate the appropriateness of getting this particular celebrity)
11. Informing
i. Introduction stage for PLC: introduction of new product
12. Persuading
i. Growth, majority and decline stage
ii. Persuade using price discount
iii. Many other factors
13. Reminding
i. Majority stage of the PLC – product already very established
ii. Act as a deterrent to other entries
14. Adding value
i. Further convince our customers
ii. Differentiate from competitors
15. Assisting other company efforts
16. Basic Needs
17. Safety Needs
18. Social Needs
19. Ego Needs
20. Self-Actualization
21. Hierarchy-of-effects
i. Similar to TOMA
ii. Unawareness – Awareness – Expectations – Trial – Beliefs/Attitude – Belief reinforcement / Attitude reinforcement – Brand Loyalty
22. Communication process model
23. Noise (applicable to weakness at point 3 only)
24. Laddering Process
i. The interviewer first determines what attributes about the product category are important and then ...
Proposing a system; an application which would be acting as a one-stop platform connecting the incoming fresher students with the alumni and seniors of that particular university which would assist the students with choosing courses.
Faculty of BusinessMarketing Discipline Group247.docxlmelaine
Faculty of Business
Marketing Discipline Group
24790 Business Project:
Marketing (Capstone)
Course Notes
Spring 2019
INTRODUCTION
David Waller
Lynne Freeman
Today’s WorkshopCourse OverviewClass MinglingDiscuss Project Ideas in Group
Objective: Familiarise yourself with the course and project requirements!
“a capstone is a crown, a shining and fully functional architectural feature that encloses and, for all time, seals into place the culmination of knowledge and experience.”
Capstone:
Subject descriptionThis subject is a simulated business consultancy project that allows students to investigate a specific business activity related to marketing, using a company of the student's choice. It covers many aspects of marketing, marketing strategy and specialist marketing subjects. Students are required to apply a range of marketing and non-marketing theories already covered in their degree.
24790 Business Project: Marketing (Capstone)
Requisites: 48 Credit Points in Master of Marketing Program Completion of 24734 Marketing Management Completion of 24710 Buyer Behaviour
StaffDavid WallerLynne Freeman
email is the preferred method of communication. If making an appointment at least 48hours notice pleaseUse your UTS email address; state your subject/tutorial number
Subject learning objectives (SLOs)
Upon successful completion of this subject students should be able to:
1. apply a broad range of marketing tools, frameworks and decision-making to real world issues and contexts.
2. access and critically analyse relevant information for comprehensive marketing solutions.
3. integrate multifunctional perspectives and frameworks to deliver comprehensive business solutions and progress
organisational initiatives
4. apply innovative problem solving and develop self-directed project planning and solution processes
5. present effectively in an informal and formal manner the project plans and findings.
Course intended learning outcomes (CILOs)Research and critically analyse complex information and concepts for business decisions and apply them in the broader environmental context (1.1)Apply innovative problem-solving processes to address business issues and integrate the solutions in decision making (2.1)Use oral communication appropriately in a professional context to convey information clearly and fluently (3.2)Evidence understanding of ethical and social responsibility in professional practice and accountability for related personal outputs (4.1)Critically evaluate and apply sustainability principles to decisions in business contexts (4.2)Demonstrate knowledge of diverse cultural and Indigenous perspectives and their implications for professional business practice (4.3)Apply high-level technical skills within specialised marketing management, marketing research and strategic marketing practice (5.1)Execute a substantial research-based or professionally focused marketing management, marketing research or strategic marketing proj ...
Dear students, get latest Solved NMIMS assignments and case study help by professionals.
Mail us at : help.mbaassignments@gmail.com
Call us at : 08263069601
25 May 2018 – IMC (Individual assignment)Pg 127; Roy Morgan Valu.docxtamicawaysmith
25 May 2018 – IMC (Individual assignment)
Pg 127; Roy Morgan Values Segment (choose 1 of the remaining 7).
Do not use:
· Basic needs
· Fairer Deal
· Traditional family life
*Refer to Chapter 8 and reference the textbook
1. We use objectives to evaluate the effectiveness of the ad
2.
3.
Session 3
Segmenting Consumers
· Demographics
· Values / Lifestyles
· Geodemographics
Behavioural tarageting
· Traditionally used after a product launch, segments are based on buying behaviour.
· Brand usage
· Product category usage
· Level of product usage (number of times the product was purchased)
· Newer digital methods include:
· Tracking visitors’ online selection such as:
· Pages visited
· Length of time spent on a page
· Searches performed
Ethical principles of segmenting markets
· Ethical dilemmas include
· Targeting the vulnerable, such as, the young, sick and cognitively impaired
· ‘Conditional branding’
· By making consumers aware of benign medical conditions and profited from the concern they raise among consumers
Brand Positioning
· A clear positioning statement is essential to developing marketing communications strategies.
· Positioning strategies provide for:
· Who the target market is
· What marketing should say about the brand
· What media should be used to reach the target market
Brand Loyalty
· Highest tier of the hierarchy of effects model
· No guarantee that consumers will move to this level
· Create a preference for the brand; reduce a consumer’s brand switch
Practical Budgeting Methods
· Percentage of sales budgeting
· Check and collate sales figure and determine a percentage
· Competitive parity method
· Based the budget on competitor’s spending
· The objective-and-task method
· Affordability method
Concepts and Theories (Apply to number 3)
1. TOMA (Top of mind awareness)
2. ELM (elaboration likelihood model)
3. CPM (cognitive)
4. HEM (hedonic)
5. Functional needs
6. Symbolic needs
7. Experiential needs
8. Liking
9. Credibility
10. Celebrity endorsement
i. TEARS model (used to evaluate the appropriateness of getting this particular celebrity)
11. Informing
i. Introduction stage for PLC: introduction of new product
12. Persuading
i. Growth, majority and decline stage
ii. Persuade using price discount
iii. Many other factors
13. Reminding
i. Majority stage of the PLC – product already very established
ii. Act as a deterrent to other entries
14. Adding value
i. Further convince our customers
ii. Differentiate from competitors
15. Assisting other company efforts
16. Basic Needs
17. Safety Needs
18. Social Needs
19. Ego Needs
20. Self-Actualization
21. Hierarchy-of-effects
i. Similar to TOMA
ii. Unawareness – Awareness – Expectations – Trial – Beliefs/Attitude – Belief reinforcement / Attitude reinforcement – Brand Loyalty
22. Communication process model
23. Noise (applicable to weakness at point 3 only)
24. Laddering Process
i. The interviewer first determines what attributes about the product category are important and then ...
Proposing a system; an application which would be acting as a one-stop platform connecting the incoming fresher students with the alumni and seniors of that particular university which would assist the students with choosing courses.
1. Course: Business to Business Marketing
Faculty: Sreeram S
Associate Professor, Cabin No.: 743, 7th Floor; School of Business Management, NMIMS University, V L Mehta Road, Vile
Parle (W), Mumbai ‐ 400056; Extension: 5827; Email: sreeram.s@nmims.edu; Please take appointments over email for
any meetings.
Secretary: Sushma Louis, Ext: 5709; Course Coordinator: Jigna Patel, Ext: 5691.
Course Description
The Business to Business world is a huge, diverse & dynamic market. While the basic tenets of Consumer
marketing are equally applicable to Business marketing, there are some unique characteristics in Business
markets that demand special attention. The forces that affect Business demand, the composition of Business
markets, the nature of Business buyers and their buying behaviour ‐ all of these lead to special challenges for
the Business marketing manager. In this course students will examine fundamental concepts pertaining to
the Business to Business world, including the nature of business markets, the buying process and the
dynamics of organizational buying behaviour. Additional topics will include segmentation, targeting, service,
channel issues, pricing in a business to business context, and planning. Application of these concepts will be
reinforced through cases outlining real‐world problems faced by organisations and approaches to achieve
workable solutions.
Learning objectives
• Critically examine the environment of business marketing and explain the various dynamics when
managing relationships in industrial markets.
• Highlight the similarities and emphasize the differences between consumer and industrial goods
and explain organisational buying behaviour in the context of relationship marketing.
• Assess the required adjustments in the marketing strategy elements for effectively reaching
organisational customers.
• To analyze organizational buying behavior, select target market segments, and evaluate
alternative market segments.
• To formulate the business marketing mix: product of service, channels of distribution, pricing,
personal selling, advertising, and sales promotions.
Pedagogy
Self‐study, lectures, presentations, videos, case discussions and projects
The course uses the lecture‐case method. Students will also be given reading material along with session‐wise plans.
All students are expected to:
• Read the assigned readings before each class and be prepared for discussions, pop quiz, or a short
presentation.
• Prepare for cases in the assigned groups and be ready with presentations to lead off in class
2. Reference Material
Library Codes: 658.8 & 658.804
Prescribed Text
1. Business Marketing, Robert F. Dwyer, Mc‐Graw Hill
References
1. Business Marketing, Krishna K. Havaldar, 3rd Edition, McGraw‐ Hill
2. Business‐to‐Business Marketing, Daniel Michel, Peter Naude et al, Palgrave Macmillan
3. Crossing the Chasm, Geoffery A. Moore, 1995, Harper Collins Publishers
4. B2B Brand Management, Philip Kotler
Evaluation criteria
Group
Case Analysis and discussion 15%
Paper Presentations 15%
Individual
Quizzes 20%
End Term Examination 50%
Paper presentations
As part of this component of evaluation, students are expected to form groups of 6‐7 and make a presentation based on
an academic paper pertaining to B2B Marketing (use session headers as keywords) from a reputed journal (Use Google
Scholar and available electronic journal databases like Proquest or Ebsco). Groups will be expected to choose their
respective papers (selection of 3 papers) by the 3rd session and send the abstracts and links to the instructor for
approval. The instructor will choose one paper out of the 3 and convey to the group. Post approval a schedule for
presentation will be intimated to the students.
Presentations can start as early as the 10th session and will ensure an even spread of effort through the course and
relevance to topics under discussion.
Each presentation will need to be limited to 15 minutes with an additional 5 minutes for questions. Presentations will be
evaluated on the following basis:
a) Clarity and effectiveness of communication of the subject matter (30%)
b) Understanding of the topic presented and depth of research. (25%)
c) Intra‐group Peer evaluation (20%)
d) Answers to questions/viva (15%)
e) Quality of questions (10%)
Quizzes
There will be 3 unannounced quizzes during this course and the best two performances will be counted towards this
component of evaluation. There will be NO make up quizzes. If a student misses two quizzes, the instructor will award
the lowest marks scored in the respective quiz (amongst the rest of the class) to the student. Thus, it is in the best
interest of students to take at least two quizzes.
3. Session Plan
(Each session is for 1.5 hours)
S No. Description
1 Introduction to B2B Marketing; B2B Marketing Perspective & Environment
2 Organisational Buyers, Buying Behaviour
3 The purchasing function, use of the buy‐grid.
4 Buyer decision models, Buyer’s make or buy dilemmas
5 Segmenting Business Markets, Targeting
6 Strategy Formulation in Business Markets;
7 Case Study – TiTech
8 Network Marketing
9 What Do Customers Want; Managing innovation
10 Case Study – PV Technologies
11 An introduction to Pricing in Business markets
12 Value based pricing and the competitive response
13 Case Study – Curled Metal Inc
14 Developing and Managing Relationships; Service Aspects; CRM
15 Case Study – CMR Enterprises
16 Guest Session
17 Marketing Communication Planning in B2B Marketing
18 Guest Session
19 Case Study – Case to be provided separately
20 B2B Brand Management , Business Marketing Channels and Sales Management
B2B Ecommerce
N.B:
a) The instructor reserves the right to change the order or contents of the session based on availability of guest
lecturers or the development of the course.
b) A reading list will be separately uploaded on BB and schedule for the same will be intimated to students by
email.