Marketing Strategy

University of Reading

Course Description

  • Course Name

    Marketing Strategy

  • Host University

    University of Reading

  • Location

    Reading, England

  • Area of Study

    Agricultural Business, Agriculture

  • Language Level

    Taught In English

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

    5
  • Recommended U.S. Semester Credits
    3
  • Recommended U.S. Quarter Units
    4
  • Overview

    AP3EM1-Marketing Strategy
    Module Provider: Agr and Food Econ
    Number of credits: 10 [5 ECTS credits]
    Level:6
    Terms in which taught: Autumn term module
    Pre-requisites: AP1EM1 Introduction to Marketing and AP2EM1 Marketing Management
    Non-modular pre-requisites:
    Co-requisites:
    Modules excluded:
    Module version for: 2016/7
    Summary module description:
    Aims:
    This course builds on AP1EM1 (the firm?s external environment and strategy) and AP2EM1 (the firm?s internal environment and marketing management decisions). It relies on case studies to give more detailed, practical examples of some of the concepts introduced in these earlier modules and demonstrates how much more interrelated and complex marketing decisions become when they are taken ?out of the text book? and ?into the real world?. The emphasis is on business models and marketing planning.
    Assessable learning outcomes:
    Students will have a clear understanding, backed-up by a portfolio of actual examples, of how companies approach different aspects of marketing strategy analysis and formulation. They will become familiar with some of the models and processes used by businesses to analyse and formulate marketing strategy and how different business models can provide a source of competitive advantage and how companies go about planning their strategy.
    Additional outcomes:
    Appreciation of the commercial environment; numerical skills; an interest in contemporary business issues; a desire to read a decent newspaper, the Economist and, from time to time, the Harvard Business Review!.
    Outline content:
    The course will cover all of the following topics, although the focus of the course may differ from year to year with some topics being given more emphasis depending on their topicality:
    1. Strategic Analysis:
    ? What is marketing strategy, how prescriptive can a strategy usefully be? A historical perspective on the role of marketing strategy.
    ? What does success look like? The role of marketing in corporate success.
    ? The external environment: Identifying opportunities and threats. Obtaining and using environmental information. Porter?s Five Forces Model.
    ? The internal environment: Strategic capability. Strengths and weaknesses. Processes and frameworks. The Value Chain.
    2. Strategy Formulation and Implementation:
    ? Business-level strategy: Bases of competitive advantage. Sustaining competitive advantage. Segmentation strategy. Competitive strategy. Growth strategies.
    ? Managing for competitive advantage. Strategic management at different stages of the product life cycle. Business models and patterns. Business Planning: the process and the application.
    Brief description of teaching and learning methods:
    The assumption is that students are already familiar with some marketing strategy issues and models ? although there will be opportunity for some revision. The lectures will be illustrated with case studies ? with the possibility of introducing computer simulations if appropriate software can be sourced. Because strategic decisions are interrelated, and not taken in isolation, the case studies will not necessarily deal with just one of the topics listed in the Course Outline given above. A case may bring up issues concerning pricing and promotion as well as, for example, ethical issues, all of which could determine the outcome of the marketing strategy. Students are expected to prepare adequately by reading and preparing between lectures when required. From time to time, students may be asked to submit written answers to pre-prepared questions in place of the more usual class discussion. If a student is unable to participate because of inadequate preparation, they may be asked to leave the lectures.
    Contact hours:
    Autumn
    Lectures 20
    Guided independent study 80
    Total hours by term 100.00
    Total hours for module 100.00
    Summative Assessment Methods:
    Method- Percentage
    Written exam 50
    Report 50
    Requirements for a pass:
    A mark of 40% overall

Course Disclaimer

Courses and course hours of instruction are subject to change.

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Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.