MKT2009 : Strategic Marketing
- Offered for Year: 2021/22
- Module Leader(s): Dr Klara Scheurenbrand
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
| Semester 1 Credit Value: | 10 |
| Semester 2 Credit Value: | 10 |
| ECTS Credits: | 10.0 |
Aims
Marketing strategy is a process that can allow a business to concentrate its resources on the optimal opportunities with the goals of increasing sales and achieving a sustainable competitive advantage. Marketing strategy includes all basic and long-term activities in the field of marketing that deal with the analysis of the strategic initial situation of a business and the formulation, evaluation and selection of market-oriented strategies. How businesses plan, develop, and implement marketing strategies is the focus of this module. To achieve this focus, this module provides a systematic, practical, straightforward approach to analysing, planning, and implementing marketing strategies. This approach focuses on real-world applications and practical methods of marketing planning, including the process of developing a marketing plan.
The module approach initially is to provide a comprehensive planning framework based on conducting sound background research, developing market capabilities and competitive advantages, designing integrated marketing programs, and managing customer relationships for the long term. This module also emphasises the need for integrity in the strategic planning process, as well as the design of marketing programs that are both ethical and socially responsible. An emphasis on critical thinking (both analytical and creative) enables students to understand the essence of how marketing decisions fit together to create a coherent strategy. Throughout the module, examples of successful planning and implementation to illustrate how firms face the challenges of marketing strategy in today’s economy will be provided. In particular, this module will be delivered through introducing relevant literature, learning experiences, and industry-linked case studies; so that theory and practice go together.
Outline Of Syllabus
1. Introduction to market-led strategic management
2. Strategic marketing planning
3. Environment, industry, competitor, and market analysis
4. Understanding the organisational resource-base and capability-base view
5. Identify current and future competitive position
6. Market segmentation and positioning principles
7. Principles to create sustainable competitive advantage
8. The marketing program: Competing through the new marketing mix
9. The marketing program: Competing through the innovation
10. Strategic customer management and customer participation
11. Strategic alliances and networks management
12. Strategy implementation
13. Principles of internal marketing
14. Ethics and corporate social responsibility
15. New directions and challenges
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Structured Guided Learning | Lecture materials | 12 | 1:00 | 12:00 | Pre-recorded lecture materials |
| Scheduled Learning And Teaching Activities | Lecture | 6 | 2:00 | 12:00 | PiP lectures |
| Guided Independent Study | Assessment preparation and completion | 1 | 60:00 | 60:00 | Time for students to complete formative and summative coursework & assessments |
| Guided Independent Study | Directed research and reading | 1 | 66:00 | 66:00 | Estimated based on 3 hours per teaching week (not necessarily to do in that week) |
| Scheduled Learning And Teaching Activities | Small group teaching | 6 | 1:00 | 6:00 | PIP Seminars |
| Structured Guided Learning | Structured non-synchronous discussion | 2 | 1:00 | 2:00 | 1 per semester |
| Guided Independent Study | Independent study | 1 | 38:00 | 38:00 | Balance to equal 200 overall |
| Scheduled Learning And Teaching Activities | Scheduled on-line contact time | 4 | 1:00 | 4:00 | 1 whole cohort intro, 2 pre-assessment clinics (1 per semester), 1 closing session |
| Total | 200:00 |
Teaching Rationale And Relationship
This module will be delivered through introducing relevant literature, learning experiences, and industry-linked case studies; so that theory and practice go together. There will be a series of lectures, seminars, and group discussions held on various platforms throughout the semester. Students are in control of their learning in this module. Each day, there are learning opportunities that you must take advantage of but to be able to do this you must stay up to date. Students are expected to participate actively and positively in the teaching/learning environment.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Other Assessment
| Description | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|
| Essay | 1 | A | 50 | Essay (2000 words) |
| Essay | 2 | A | 50 | Marketing plan (2000 words) |
Formative Assessments
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Oral Presentation | 1 | M | Formative assessment in-class discussion |
Assessment Rationale And Relationship
Student progress is measured by a 2000 words Essay, which critically analyse a real-world case study, and a 2000 word Marketing Plan. The essay and marketing plan encourages students to demonstrate their understanding of the subject area, to show the ability to think critically and to construct logical arguments. The skills required to analyse a case study and develop a marketing plan will be introduced and practiced through specific lectures and seminars.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- MKT2009's Timetable