Feb 23, 2024
BUS 395 - Strategic Marketing and Management Credits: 5
Examines how managers develop, implement, and evaluate strategic marketing decisions to maximize long-term profitability of a firm. Topics include analysis of competitor behavior, product line management, and long-term road mapping of product and branding strategy.
Enrollment Requirement: Admission into the BAS in Marketing and Entrepreneurship program or instructor consent. Recommended: BUS 258.
Students who successfully complete this class will be able to:
- Develop marketing strategies for products at different stages of the product life cycle.
- Modify a product line based on the firm’s marketing strategy, the business environment, and the product’s stage in the product life cycle.
- Critique a firm’s roadmap for product mix in terms of its effect on customer acquisition, customer retention, and market positioning.
- Formulate strategies to maximize customer acquisition and retention.
- Design marketing strategies that leverage the core competencies of the firm with forces of the business environment.
- Analyze and use business data to develop appropriate business and marketing strategies.
- Apply entrepreneurship principles to better leverage organizational resources.
- Apply economic and behavioral concepts to strategy formulation.
- Conduct a survey of the business environment, identify opportunities, and formulate a plan for capitalizing on them.
- Assess the potential market for a product, and then formulate a plan for developing and marketing the product.
- Formulate and communicate an original business plan to an audience of stakeholders.
- Critical Thinking - Critical thinking finds expression in all disciplines and everyday life. It is characterized by an ability to reflect upon thinking patterns, including the role of emotions on thoughts, and to rigorously assess the quality of thought through its work products. Critical thinkers routinely evaluate thinking processes and alter them, as necessary, to facilitate an improvement in their thinking and potentially foster certain dispositions or intellectual traits over time.
- Responsibility - Responsibility encompasses those behaviors and dispositions necessary for students to be effective members of a community. This outcome is designed to help students recognize the value of a commitment to those responsibilities which will enable them to work successfully individually and with others.
- Written Communication - Written Communication encompasses all the abilities necessary for effective expression of thoughts, feelings, and ideas in written form.
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