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The world has changed over the past decades due to evolution of the technology. So did Marketing. Long ago during the industrial age during
which industrial machinery was the core technology, marketing was all about selling products to a target market without considering the needs
and wants. This was Marketing 1.0 or the product-centric era. In Marketing 1.0, there were many misconceptions of marketing. Marketing was
considered as mere selling and an art of persuasion.
Today’s era is called as information age where the core is information technology and the job of marketing is no longer that simple. Consumers
are well informed and can compare several value offerings of similar products. The product value is defined by the consumer. It is a must for
marketers to identify untapped and unfulfilled needs and wants and convert them into profitable opportunities. This is Marketing 2.0 or the
customer-centric era, an era for marketers of having differentiation.
We will soon witness the rise of Marketing 3.0 or the human-centric era – an era for marketers to make a difference - where consumers will be
treated as human beings who are active, anxious, and creative. Customers are actively collaborating in co-creation of the value. While there
have been changes all around, the basic fundamental concepts of marketing remain same. This course is designed to give emphasis on learning
these fundamental concepts related to designing of marketing programs – basically on elements of marketing mix. The course is developed to
make learners understand the process of creating, delivering and communicating the value to the customers.
Delivery of every session of this course is based on a pyramidal approach of explaining concepts followed by usage of relevant frameworks and
models and supported by an effective case-study.
COURSE LEARNING OUTCOMES (Learning Outcomes of each module are detailed separately in student manual)
Learning experience is enriched by in-class, out-of-class, and out-of-campus opportunities for engagement. Students will come prepare for the
classes working/reading the pre-reading/preparation material provided by the instructor. To achieve above stated learning objectives, the
course will be taught through lecture sessions, case analysis, industry experts led sessions, field work based assignments, written assignments,
presentations and participation centric activities. A Course-Cum-Activity book is prepared and given to each student.
Assignments/ Examinations % Weightage Students will form a group consisting of 5-6 students in each group. As much as
possible, students will be encouraged to make groups reflecting diversity of
Group or Individual
experience, geography and educational background.
Assignments/ Case analysis 15%
Group Activities -
15%
Seminars /Presentations/Quiz
Individual
Midterm examination 15%
Final Examination 50% MARKETING WARFARE: Students, in teams , identify a product which they will
Attendance 5% ‘adopt’ to sequentially apply marketing concepts – one module at a time
Total 100%
BASIC TEXTS:
Reference Books:
Lilien, G. L., Kotler, P., & Moorthy, K. S. (1992). Marketing models. USA: Prentice Hall.
Trout, J., & Ries, A. (1986). Marketing warfare. New York: McGraw-Hill.
Trout, J., & Ries, A. (2017). Positioning: The Battle for Your Mind. New York, USA: McGraw- Hill
Kotler, P., Kartajaya, H., & Setiawan, I. (2017). Marketing 4.0: Moving from traditional to Digital.
New Jersey, USA: Wiley & Sons
Domzal, T., & Unger, L. (1987). Emerging positioning strategies in global marketing. Journal of Consumer Marketing, 4(4), 23-37.
Lindridge, A., & Dibb, S. (2003). Is ‘culture’a justifiable variable for market segmentation? A Cross‐cultural example. Journal of Consumer
Behaviour, 2(3), 269-286.
Park, C. W., Jaworski, B. J., and Maclnnis, D. J. (1986). Strategic brand concept-image management. The Journal of Marketing, 135-145.
The cases and other reading material will be handed over to students in classroom or will be uploaded in LMS
SESSIONS PLAN