International Strategic Marketing (B-KUL-HME39A)
Aims
- Performs a critical analysis of the strategic opportunities and challenges facing businesses using scientific studies, case studies and (international) company visits.
- Designs a set of performance indicators based on a business’ strategy and mission that can be used to assess that strategy’s implementation.
- Analyses and critically reflects about the internal environment of an organisation, to identify strengths and weaknesses that will guide the (international) marketing strategy.
- Analyses and critically reflects about the external environment of an organization, to identify opportunities and threats that will guide the (international) marketing strategy.
- Formulates a sustainable marketing strategy and objectives for an organisation, based on scientific knowledge of and insight in (international) marketing concepts and principles. Develops a marketing strategy and marketing mix and prepare their implementation.
- Works out an implementation plan starting from an (international) marketing strategy.
- Understands how cultural differences in consumer behavior can guide and improve (international) marketing management decisions.
- Understands how to evaluate the effectiveness of a marketing strategy (in an international context).
- Critically examines scientifically substantiated texts of (business) economic nature and interprets and synthesises them.
- Looks up, collects, assesses and processes information critically.
- Writes a scientifically sound document that discusses a research problem/question, the analysis and the research conclusions, as well as how the conclusions were reached.
- Communicates orally and in writing in a way that is correct on the level of grammar and vocabulary; uses a style that is common in a (business) economics context.
- Independently or in team, efficiently carries out a clearly defined assignment.
- Shows social responsibility by following news developments and by critically reflecting on social issues.
- Demonstrates insight into how an organization can, through its HR or marketing management, establish a durable and reliable relationship with both internal and external stakeholders by responding to the cultural and institutional nature of the environment in which it is operating, and this way develop a durable competitive advantage.
- Is able to develop a sustainable marketing strategy, taking into account the ecological and social impact of production and consumption.
- Understands how marketing can be used to convince consumers to act or consume in a more social, healthy, and/or environmentally friendly way.
Previous knowledge
The admission criteria for the programme can be found in the programme catalogue. It is advisable to have completed the following course first: Marketing
Is included in these courses of study
- Master of International Business (Brussels) 60 ects.
- Master of International Business: Double Degree Toulouse (outgoing) (Brussels et al) 113 ects.
- Master of International Business: Double Degree Toulouse (incoming) (Brussels et al) 120 ects.
- Courses for Exchange Students Faculty of Economics and Business (Brussels)
Activities
6 ects. International Strategic Marketing (B-KUL-HME39a)
Content
A. Theoretical sessions, in which several topics will be discussed:
1) Recap: What is marketing?
2) Understanding Marketing and the internationalization process
3) Understanding international markets
4) Understanding international consumers: nature versus nurture, culture, language
5) International market research
6) Strategic decisions in international marketing
7) Marketing mix standardization or adaptation
8) sustainability and international marketing
B. Practical sessions, with for example discussion of cases
Course material
https://webapps.odisee.be/Ancor/SSM/Pages/BekijkSSM.aspx?OID=24165
Format: more information
2/3 of the classes will be lectures, where the theory is given and explained.
1/3 of the classes will be working classes. During these classes, we will work on some cases and discuss the practical implications of the theory. A few of the working classes will cover some discussions about the group assignment and will involve giving feedback on the group assignment.
Evaluation
Evaluation: International Strategic Marketing (B-KUL-H75091)
Explanation
Evaluation characteristics
Group assignment: Students will be asked to work in a group on an international marketing plan with an external company via service learning. Groupwork participation is required and a student needs to join their group by the end of the third week of the course.
Deadline: The marketing plan needs to be handed in by the end of May, both in digital (via Toledo) and paper format. If a paper is submitted after the deadline, the paper will not be graded.
Feedback sessions: The students will submit work for feedback during specific moments during the working colleges.
All information about the assignment and detailed deadlines will be provided via Toledo during the first week of the course.
Determination final result
100% of the final results is assigned based on the group assignment. Students will also reflect on participation and outcome of the activity as part of the results.
Information about retaking exams
Second exam opportunity
Only students who participated in the group assignment during the semester can redo the assignment if they failed.
When the group does not succeed for the assignment, the group will redo the assignment in group.
When an individual student does not succeed for the assignment, the student will need to redo the assignment based on specific guidelines that will be discussed together with the lecturer.