Course Title: Marketing Theory and Practices
L T P/ SW/F No of TOTAL
Course Level: UG S W PSDA CREDIT
UNITS
Course Code: 2 0 0 2 2 3
Credit Units: Three
Course Objectives:
To give students elementary knowledge of concepts in the domain of Marketing.
Develop and imbibe in students Principles of Marketing & establish an appreciation of contemporary realties along with the emerging importance in Digital Marketing.
Pre-requisites:
The prerequisite for this course is that students should be aware about the happenings in the business world, so that when the course is taught, they can relate to the practical
aspects of the theoretical concepts and develop a comprehensive understanding about the course. This will give a holistic view of the course and will facilitate understanding.
Course Learning Outcomes:
Learning outcomes of this course are:
To understand the concepts of marketing management & the tools used by marketing managers in decision situations
To understand the concepts Product Strategy and Brand Management
To learn about Pricing Considerations and Strategies
To understand Distribution and Logistics Decisions
Course Contents/Syllabus:
Weightage (%)
Module I - Introduction to Marketing
Descriptors/Topics
Meaning of marketing Core concepts of marketing
Marketing Management philosophies, viz., the production concept, the product concept, selling concept and the marketing concept
Internal and External Marketing Environment Analysis 25
Introduction to Marketing Information System and Marketing Research
Concept of Market Segmentation, Targeting, Positioning.
Consumer buying decision process
Introduction to Marketing Mix Elements
Module II - Product Strategy & Brand Management
Descriptors/Topics
Product: Concept & Levels
Classification of Products: Consumer and Industrial
Strategies for different types of Consumer Products & Product Differentiation
Product Mix Product Line Decision 25
Product Life Cycle and various strategies New Product Development: Challenges & Process
Concept of Brand, Brand Positioning & Branding Strategies
Module III – Pricing Considerations and Strategies
Descriptors/Topics
Introduction to various objectives of pricing 20
Pricing Process
Adapting the price: Concept of Geographical Pricing, Promotional Pricing, and Discriminatory Pricing.
Understanding various pricing strategies and their application
Pricing for digital platforms
Module IV – Distribution and Logistics Decision
Descriptors/Topics
15
Nature of Marketing Channels
Channel Functions and Flows
Channel Design and Management Decisions
Channel Dynamics
Introduction to Wholesaling, Retailing and Logistics
Module V – Deciding on the Marketing Communications Mix
Descriptors/Topics
15
The process of deciding the Marketing communication mix
Marketing communication budget
Introduction to various elements of integrated marketing communications: concept and tools of: advertising, public relations, sales
promotion, direct marketing, personal selling: concept and process
Pedagogy for Course Delivery:
This course will be taught with the right blend of theoretical concepts and practical applications through case studies, projects and presentations. Students will be encouraged
to read business papers and be abreast with business happening so that they can relate to the concepts taught. The course instructor will spend considerable time in
developing deep insight to various concepts of Marketing through group discussions and debating sessions. The Last module will be delivered by Industry experts through
information sharing on current trends and its importance in different industries.
List of PSDA:
1. Taking example of a company make a note on how a company used Marketing Information System or Marketing Research to generate useful insights about its marketing
environment and consumers.
2. You have been hired as a marketing manager of a newly formed company. Highlight the USP of your product and how it is better than competitors. Decide the pricing
strategy and also design the branding campaign for your newly launched brand.
3. For the same product, design a channel of distribution and provide reason for choosing the same. Design an advertising campaign to make your product popular amongst
the target audience
Mapping Continuous Evaluation components/PSDA with CLOs
Bloom’s Level > Remembering Understanding Applying Analyzing7u Evaluating Creating
Course CLO1 CLO2 CLO3 CLO4 CLO5 CLO 6
Learning
Outcomes
Assessment
type/PSDA
Assessment
Component 1
Assessment
Component
2
Assessment
Component
3
Lab/ Practical details, if applicable: NA
Assessment/ Examination Scheme:
Theory L/T (%) Lab/Practical/Studio (%) End Term Examination
40% NA 60%
Theory Assessment (L&T):
Continuous Assessment/Internal Assessment End Term
Components (Drop down) Mid Term Project Assignment and Attendance Examination
Presentation
Linkage of PSDA with Internal
Assessment Component PSDA1 PSDA2 &
(PSDA), if PSDA3
any
Weightage (%)
10% 10% 15% 5% 60%
Text & References:
Kotler, Keller, Koshy, Jha, (2009), Marketing Management – A South Asian Perspective(13th Edition), Pearson India Pvt.
Ramaswamy V S, Namakumari S, Marketing Management, Planning Implementation & Control, Third Edition, MacMillan. Rajan
Saxena, (2010) , Marketing Management,Tata McGraw Hill
Armstrong , Kotler , Agnihotri , Haque, “Principles of Marketing South Asian Perspective”, 13th Edition , Pearson Education. Bains , Fill
, Page ,Sinha, “Marketing Asian Edition”, Ist Edition ,2013, Oxford University Press.
