Students who take this course will increase their knowledge of marketing, its effect on consumer behavior and its role in creating long-term value. The course will introduce important concepts, frameworks and methods for marketing decision-making. A focus will be on managing customer relationships with the help of targeted promotions and data collected through digital technologies.
Lernziel
After taking the class, students will be able to
1) Define what marketing is and describe its role at different stages of the value chain 2) Apply psychological theories to analyze behavior (e.g., purchase behavior) and identify the needs of (prospective) customers in consumer and business markets 3) Design elements of the marketing mix—e.g., develop new products and set prices—in a way that creates long-term value 4) Create an effective and efficient marketing mix that attracts and engages customers, e.g., by running targeted promotions 5) Use quantitative methods and customer data to manage relationships with customers
Inhalt
The class will center on the importance of marketing as an activity that creates long-term value for the benefit of organizations and their customers. It will teach concepts, frameworks and methods for marketing decision making.
The structure of the course will roughly follow the different steps of the value chain, i.e., the set of activities necessary for offering valuable products to customers. First, it will introduce students to psychological theories that help explain behavior, e.g., purchase behavior. It will also familiarize students with different methods from marketing research, which can be used to identify the needs of customers. Next, the course will look at the role of the marketing mix in satisfying customer needs. For example, the class will cover new product development and pricing. A focus will be on managing profitable, long-term relationships with customers. To this end, students will gain in-depth knowledge on the use of targeted promotions and marketing data to (1) attract, (2) convert and engage and (3) retain customers.
The course is designed to be “hands-on”, with opportunities to apply skills on business cases involving real-world marketing data. It will feature guest lectures from industry experts. The class might be taught in an in-person, remote or in a hybrid format.
Literatur
Kotler, Philip and Gary Amstrong (2021). Principles of Marketing (18th Global Edition), Pearson. ISBN-13: 9781292341132.
The course might comprise mandatory and supplemental reading material. Other literature may be assigned in class.
Kompetenzen
Fachspezifische Kompetenzen
Konzepte und Theorien
geprüft
Verfahren und Technologien
geprüft
Methodenspezifische Kompetenzen
Analytische Kompetenzen
geprüft
Entscheidungsfindung
geprüft
Medien und digitale Technologien
geprüft
Problemlösung
geprüft
Projektmanagement
gefördert
Soziale Kompetenzen
Kommunikation
gefördert
Kooperation und Teamarbeit
gefördert
Menschenführung und Verantwortung
gefördert
Selbstdarstellung und soziale Einflussnahme
gefördert
Verhandlung
gefördert
Persönliche Kompetenzen
Kreatives Denken
gefördert
Kritisches Denken
gefördert
Selbststeuerung und Selbstmanagement
gefördert
Leistungskontrolle
Information zur Leistungskontrolle (gültig bis die Lerneinheit neu gelesen wird)
Es wird ein Repetitionstermin in den ersten zwei Wochen des unmittelbar nachfolgenden Semesters angeboten.
Prüfungsmodus
schriftlich 60 Minuten
Zusatzinformation zum Prüfungsmodus
The end-of-semester exam accounts for 50 percent of the final grade. During the semester, students will participate in a compulsory continuous performance assessment. The compulsory continuous performance assessment may consist of a project or business case that students solve individually or in groups. It is graded and accounts for 50 percent of the final grade.
Hilfsmittel schriftlich
Keine
Online-Prüfung
Die Prüfung kann am Computer stattfinden.
Lernmaterialien
Keine öffentlichen Lernmaterialien verfügbar.
Es werden nur die öffentlichen Lernmaterialien aufgeführt.
Gruppen
Keine Informationen zu Gruppen vorhanden.
Einschränkungen
Keine zusätzlichen Belegungseinschränkungen vorhanden.