MKTG 4633 Global Marketing
MKTG 4633 Global Marketing
Course Description:
It has become more important than ever for firms to recognize that they compete in a global environment.
Consequently, managers must seek to develop the empathy, knowledge, sensitivity, and skills required to
successfully operate in a dynamic global market place. Global marketing uses and builds upon the
primary concepts studied previously in principles of marketing and will enable you to practice applying
those concepts to a global environment.
The successful global marketer must broaden his/her knowledge to include the myriad of activities
required to select, gain entry and compete outside the “home” country. In addition, the global marketer
must also appreciate how crucial culture, environment, government regulation and economic systems are
in affecting a firm’s competitive advantage and strategic positioning. This course will offer an overview
of each of these vital concepts for global marketers.
Course Objectives: Upon the successful completion of this course, students will be able to:
Introducing you to the institutions, vocabulary, and players in the world of international business.
You need to be able to speak the language of international business to operate effectively.
Providing you with the opportunity to begin to understand different cultures and the implication
this has for marketers. Understanding different people and cultures will lead to a greater
understanding of ourselves and the culture in which we live.
Allowing you to gain experience in analyzing the marketing environment and marketing-related
decisions for a firm entering non-domestic markets. You should know key sources for researching
the cultural, economic, ethical, and political environments and anticipate the influence each will
have on marketing strategies and decision-making.
Late Work:
All work to be submitted must be turned in at the beginning of class on the respective due date. Presentations
must be presented on the assigned presentation day. Late work will not be accepted. Be sure to allow
adequate time to resolve unanticipated problems with respect to course deadlines. Unless changed by me,
deadlines noted in the course schedule and subsequent handouts are firm.
Attendance/Quizzes/Participation:
Attendance and participation are both vital and necessary for this course. The course is set up to be
approached as a discussion-style course as opposed to a lecture-style course. In this sense, students are
expected to participate vocally in class discussions – and will be graded on those contributions. One
reason the class is set up this way is to encourage dialogue, teamwork, and overcoming a common fear
among many students of speaking in (or in front of) large groups – all necessary traits you WILL have to
use in the real business world. Get the practice now!
Attendance will be monitored via pop quizzes/class assignments and will be factored into the student’s
final grade. Students who attend class regularly and complete the required class assignments will earn
points that will help them attain a higher final semester grade.
Classroom Professionalism:
Classroom professionalism is to be maintained at all times. Our goal is to create a positive, courteous, and
respectful environment that is conducive to learning. Cell phones are to be turned off or set for silent alarm.
No personal or side conversations while class is in session. No walking in and out during exams or when
class is in session. If you are more than 5 minutes late to class, do not come to class. Being on time is
essential. Don’t put me in the awkward position of having to discipline unprofessional behavior – it is not
fair to me and the distraction is not fair to your peers. Unprofessional / disruptive conduct will result in a
reduction in your participation grade.
Laptops are not allowed in this class. I’d like you all to print out the powerpoints before class (which will
be posted as we go on Blackboard) and bring them with you to take notes on.
Academic Honesty:
All students are expected to understand and adhere to the University’s policy on academic honesty. The
University’s 2008-2009 Catalog of Studies states "Academic dishonesty involves acts that may subvert or
compromise the integrity of the educational process at the University of Arkansas. Included is an act by
which a student gains or attempts to gain an academic advantage for himself or herself or another by
misrepresenting his or her or another's work or by interfering with the completion, submission, or
evaluation of work". For a partial list of acts of academic dishonesty, see the 2008-2009 Catalog of
Studies. Any violation of the policy on academic honesty will result in the failure of that particular
assignment/exam and may result in failure of the course and further action from the Division of Student
Affairs.
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Grades:
Grades are distributed as follows:
Points
Possible
Exam 1 100
Exam 2 100
Exam 3 100
Group Project 125
Quizzes/Participation/homework 75
Total 500
Course letter grades will be assigned on a percentage-basis of total points possible and will be based on
the following scale:
Grade Percent
A 448 points or above (90% or above)
B 398 – 447 points (80% to 89.4%)
C 348 – 397 points (70% to 79.4%)
D 298 – 347 points (60% to 69.4%)
F 297 points or less (Less than 60%)
Examinations:
There will be 3 examinations administered during regular class. There will be a comprehensive final
option. The final can be taken to replace the lowest letter grade earned on an exam. Students who miss an
examination during the course of the semester will be required to take the comprehensive final to make up
for their missed exam.
For each exam you will need a #2 pencil,and an erase.
There will be no rescheduling of exams. A missed exam will mean you have to take the
comprehensive final. If you have a medical-related absence, you must submit a note from a medical
professional within one week of the absence in order to make alternate arrangements. UA student-
athletes must provide documentation, from the athletic department, detailing your athletic travel
schedule. These schedules must be given to me during the first two weeks of class.
During exams, use of all electronic devices (e.g., cell phones, PDAs, MP3 players, laptops) and
talking are strictly prohibited.
During exams, make certain your notes, textbook, and laptops are in your book bags or under the
table/desks. Copies of the exam are not to leave the classroom.
Be punctual. Once the first person to finish the exam leaves the classroom, anyone entering the
room after that time will be unable to start the exam.
You may not leave the classroom once the exam has begun. Should you leave during the exam it
will be assumed that you are finished, and you will not receive credit for unanswered questions.
You have one week after exam scores are posted to dispute answers on the exam. A dispute must be
accompanied by written documentation from the textbook and/or your notes.
Exams will not be returned. You are free to stop by my office and look at your exams during the
semester through December 6th. After this date, you will not be allowed to review your past exams.
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Global Marketing Group Project
This is a description of the small group assignment for this class. Each group will be
assigned / choose a region of the world. The group will work on an extensive analysis
of the region that (generally) should include the following aspects:
- Per Capita Income / Average Household Incomes of countries within the region
- Income distributions within the region
- General state of the economy in various countries within the region
- Significance of these economic aspects for marketing in these countries
- General political system and climate in various countries within the region
- Various laws and regulations that apply to U.S. firms doing business in different
countries within the region
- Customs regulations, tariffs, etc. that apply to U.S. businesses. A general
discussion pertaining to major product categories is OK; you don't have to list
specific tariffs for each product. Present the general numerical range of tariffs, if
possible.
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E. Financial Environment of the Country
- Currency(ies) being used
- Exchange rates with respect to the U.S. dollar
- Brief historic account of exchange rates with respect to the U.S. dollar
- How do aspects of the financial environment in this region affect marketing
activities of U.S. firms?
F. Nature of Infrastructure
In this section briefly address if the key information provided in sections A-G
indicates that this is a desirable or an undesirable country for US firms to
consider as an international business alternative. Justify your assessment. (This
section is important!). It will also include a summary based on the spread
sheet provided and discussed in class and turned in as part of the
assignment.
Please keep in mind that this is a general outline, and you should try to expand upon
this and include more relevant information if possible. Also, individual countries will
vary in terms of quantity and quality of information available. Hence this outline is
only meant to provide you with a general description of what is expected from you in
terms of this assignment. Within each group of countries, I don't expect you to include
equal amounts of information pertaining to each country.
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This assignment has two parts: (1) an oral presentation and (2) a written (executive)
summary.
1. Presentation: Each group will have 15 (maximum) minutes for the presentation.
Be prepared for me to cut you off if your presentation is too long, and to
lower your grade if your presentation is too short. Where possible, make
the presentations interesting and colorful, showing visuals from the
countries that are relevant (major aspects of the culture, environment,
people, etc.), so that the audience will get a visual feel for the country.
However, this is meant to augment the content of your presentation and is
not a substitute for it.
Also, both PowerPoint files used in the presentation to the class and word
processing files of the reports should be e-mailed as attachments to the
instructor.
Week 5
9/17 EXAM 1
Week 6
Political, Legal & Regulatory Environments Ch. 5
Team Information Sheet Due
Global Market Research Ch. 6
Week 7
Segmentation, Targeting & Positioning Ch. 7
Week 8
Global Market Entry Strategies Ch 9
10/12 EXAM 2
Week 9
FALL BREAK!
Week 10
Brand and Product Decisions Ch. 10
Week 11
Global Marketing Communications Decisions I Ch. 13
Week 12