This course will be studied through lectures, videos, case studies, workshops, guest lecturers, group discussions, computer applications, and industry-related projects.
1. Planning, Design and Application of the Retail, Direct and Internet Marketing Approaches:
C creating a plan, integrating with other business/marketing plans
2. Understanding In-store Retailing:
C trading area analysis and location considerations
C store layout and design
C personnel, management and staffing
C merchandising and the merchandise mix
C inventory control
C technology influences
C promotion
3. Understanding Direct Marketing:
C reasons for its growth
C formats, offers and response techniques
C lead generation
C creative considerations
C managing relationships
C research and testing
C monitoring, measurement and evaluation
C trends and future developments
4. Understanding Internet Marketing:
C market definition issues
C designing an on-line presence
C promotion in the virtual world
C interactivity with customers
C creating loyalty and image
C getting customers to use the site properly
C maintenance and updating
5. The Function and Role of the Buyer
6. Pricing Considerations
7. Techniques, Tools and Strategy Development
8. The Future of the Marketing Techniques
C managing the evolution of marketing tools
latest concepts and trends
At the end of the course, the successful student should be able to:
- explain techniques and strategy brought about by the use of technology in marketing;
- describe communications methods used in effective retail, direct, and internet marketing;
- demonstrate an understanding of complex delivery channels;
- demonstrate an understanding of management principles in the retail function;
- explain the selection of a retail location, the methods used for forecasting sales, and the development of a merchandise mix;
- identify the budgeting methods used in retailing and profitability considerations;
- create and evaluate direct marketing campaigns and internet marketing programs;
- explain various distribution methods and evolving trends in in-store and non-store retailing;
- calculate the economics of marketing approaches in retail, direct and internet marketing;
- explain how overall marketing strategy is adjusted to utilize these techniques effectively.
Case presentations 20%
Assignments (2 - 4) 40%
Midterm examination 20%
Final examination 20%
100%
STUDENTS MUST COMPLETE ALL COMPONENTS OF THE COURSE TO OBTAIN CREDIT FOR THE COURSE.
Textbooks and Materials to be Purchased by Students
Brady, R., E. Forrest et al. CyberMarketing, Latest Ed. NTC Publications
Brown, H.E., P.M. Saunders et al. Cases in Direct Marketing, Latest Ed. NTC Publications