EXC 3623 Product Planning - RE-SIT EXAMINATION

APPLIES TO ACADEMIC YEAR 2015/2016

EXC 3623 Product Planning - RE-SIT EXAMINATION


Responsible for the course
Sangeeta Singh

Department
Department of Marketing

Term
According to study plan

ECTS Credits
7,5

Language of instruction
English

Introduction
Product and services planning lies at the very heart of the firm’s overall strategy and must occupy a dominant role in the firm’s planning and actions. This requires an in-depth knowledge of product and services. This course is designed to provide an understanding of product and services which leads to developing product and service plans that are viable and successful. The goal of the course is to make students integrate knowledge acquired in general marketing courses (knowledge on the 4Ps, buyer behavior, etc.) into planning products and services to put the 4 Ps in practice.

There are two parts to the course. The first part focuses on analyzing information pertaining to product and services' environment, customers and competitors. The second part builds on this foundation to familiarize students with the complexities of product and services planning.

Learning outcome
Acquired knowledge
This course is designed to provide an understanding of marketing planning which leads to developing strategies for successful and sustainable pricing and product management. The goal of the course is to make students integrate knowledge about the 4 Ps of marketing into developing a marketing plan that applies the 4 Ps in practice, with special emphasis on pricing and product.


Students should be able to

  • Understand that a company operates in a marketing environment and how it affects the strategic decisions the marketing/product manager makes. Also understand the relative importance of these market/environment forces.
  • Understand how the different aspects of the marketing mix are interrelated
  • Understand the different strategic choices available to a marketing/product manager and the implications of these strategies for the company

Acquired skills
Students should be able to
  • Perform a SWOT and PESTEL analysis
  • Develop a marketing mix that 'hangs together'
  • Develop a marketing plan that demonstrates pricing and product management suited to the chosen strategy

Reflection
  • Students should be aware that a sustainable product and services plan takes into account social responsibility and ethical considerations

Prerequisites
The course is based on the knowledge of marketing that the students have acquired from other marketing courses in their studies

Compulsory reading
Books:
Lehmann, Donald R., Russell S. Winer. 2005. Product management. 4th ed. McGraw-Hill/Irwin

Other:
Current newspaper and magazine articles handed out during the course or made available on Itslearning


Recommended reading
Books:
Aaker, David A and McLoughlin, Damien. 2010. Strategic market management - Global Perspectives. 1. Wiley

Course outline
Part I: Analyzing Information
  1. Defining the competitive set
  2. Industry analysis
  3. Competitor analysis
  4. Customer analysis

Part II: Planning
  1. Products and services classification, consumer behavior, product life cycle, product portfolios, new product development
  2. Pricing and price structures
  3. Different marketing strategies

Computer-based tools
No specified computer-based tools are required.

Learning process and workload
The learning objectives of the course are accomplished through a combination of lectures, case studies, group work, group presentations and feedback.

Two group presentations during the semester and feedback on the presentations ensure progress on the term paper. Participation in lectures is crucial to the successful completion of the term paper.

Coursework requirements
Groups (of up to 3 students) make two presentations of the term paper during the semester: One at the beginning of the semester and the other towards the end of the semester (but before or at the last lecture date).

The students' workload in hours:
Activity
Use of hours
Lectures
30
Preparation for lectures/readng literature
20
Presentations
6
Preparation for presentations
20
Group work
24
Research, information gathering and analysis
50
Writing paper
50
Total recommended hours
200

    Coursework requirements
    Coursework requirements omitted because the course is no longer offered, ie not a requirement for re-sit examinations autumn 2015 and spring 2016.

    Examination
    The course is evaluated on the basis of a term paper in which students will be required to develop a market plan for a company of their choice and then design a product strategy or strategies based on the market plan.
    Students work in groups of up to 3 students to complete the term paper.
    Examination code(s)
    EXC 36231- Project paper, counts for 100 % towards the final grade in EXC 3623 Product and Market Planning 7,5 credits.

    Examination support materials
    All support materials are allowed for the term paper
    Examination support materials at written examiniations are explained under examination information in the student portal @BI. Please note use of calculator and dictionary. https://at.bi.no/EN/Pages/Exa_Hjelpemidler-til-eksamen.aspx

    Re-sit examination
    This course was lectured for the last time spring 2015. Last re-sit examinations will be offered autumn 2015 and spring 2016.

    Additional information

    Semester

    Oversettelser