Professional Documents
Culture Documents
Required Texts:
Course Compendium including 4 Business Cases
COURSE OVERVIEW
(please read carefully to make sure this is the course you want!)
This course will expose students to current theories and concepts of marketing,
the culture of science and technology, new media, and consumer behavior to
make sense of and navigate the shifting, complex, and sometimes treacherous
terrain of Electronic Business (e-business) and High-Technology marketing. In
this course, marketing is understood in two different yet interrelated ways:
1. Marketing as strategic action: Used in the companys pursuit of
competitive advantage, market share, customer ownership, and
profitability.
2. Marketing as system of representation: Used as a cultural mediator
between the firms need for customers and the customers need for
(high)technological solutions.
Thus, marketers must impersonate the role of both the strategist and the
mediator. Both roles require very different knowledge, sensibilities, and thinking.
If all you are interested in are so-called managerial aspects of interactive and
technology marketing, this course may disappoint you. Marketing in the age of
high-technology and e-business can no longer be reduced to some sort of
laundry list of the Four Ps. For marketers to operate successfully in the 21st
century, a sound and holistic feel for the game that includes, yet goes beyond
strategic axioms of the how to kind, is needed. Traditional text book concepts
and case study wisdom are neither obsolete nor sufficient. The realities of todays
complex and competitive marketplace requires marketing students to expand on
them and to acquire an often overlooked theoretical expertise of culture, society,
and technology that promotes original, even radical, thinking. Hence, course
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material, ranging from cases, readings, movies, and advertising, has been put
together to provide students with both a sound strategic foundation and a rich
understanding of the social, historical, and cultural context of a technologyintensive marketplace.
Consequently, make sure you understand that in some respects this is not your
typical MBA course!! Its interdisciplinary orientation to marketing and technology,
not to be found in any other business school in the country, demands a certain
willingness to think beyond the expectation of traditional, case-oriented, and
purely managerial marketing applications and to engage in philosophical
discussions. It is a highly innovative course because it combines knowledge,
theories, and concepts from many different fields, traditions, and scholarly
directions. As a result, however, students will be uniquely equipped with tools and
concepts that will allow them to make sense of an increasingly complex and
nebulous world of electronic business and high-tech culture.
Finally, we do of course extensively cover unique marketing challenges that arise
in volatile and virtual markets. However, I expect students enrolling into this
course to be well-versed in basic marketing concepts. This is important in order
to go beyond that pre-packaged, standardized, and shelved material almost all of
your MBA peers in other business schools are limited to.
TAKE AWAYS
1) This course presents the strategic themes and issues often associated
with success in interactive and technology marketing and highlights how
these strategic themes and issues differ from the fundamentals of old
economy success. Students will come out of this course with a well
developed toolbox knowledge of interactive and high-tech marketing.
2) This course also illuminates the social, historical, and cultural context in
which marketers act and consumers either consume technology or
consume with (using) technology. Students will take away the capability
to contextualize technology within consumer culture and therefore to
develop a much more refined understanding of what it means to do
marketing of technology and in computer-mediated environments.
COURSE OBJECTIVES
COURSE FORMAT
There will be a mix of lectures, in-class discussions and case presentations in every
class in this course. A typical class (180 minutes) will be divided into two segments:
Segment One (80 minutes) will comprise of a lecture and in-class discussion in
which I present general concepts, theories, and current research and
developments in the e- and high-tech world related to the topic of the week.
Following a 15 minute break, Segment Two (85 minutes) will be devoted to two inclass group presentations and a class discussion of these presentations. For each
class, my goals are (i) to ensure coverage of the assigned theoretical concepts, (ii)
to encourage the application of these concepts to the case at hand, and (iii) to
develop a critical assessment (i.e., the strengths/weaknesses) of the concept. As
the world of interactive and high-tech marketing is rapidly changing and best
practices from yesterday become outdated tomorrow, I believe that one good way
to learn about the idiosyncrasies of the networked economy is through case
studies. Case discussions are never linear and cannot be limited solely to the
topic/concepts that present the focus of the week. Therefore, be prepared to
engage in discussions that go beyond the weekly topic area.
PEDAGOGICAL NOTE: Technology has affected students and professors
expectations of each others work. For example, PowerPoint is now standard for
presentations, written group reports may include tables, figures, and graphs, etc. I
will set up a website for this class. There you will find readings, interesting links, and
downloadable lecture notes. Please be advised that for pedagogical purposes I do
not post my lecture slides before class, but immediately thereafter.
The quality of each class will largely depend on your level of preparation, interest,
and participation in the discussions. Note: You will be required to draw upon the
material covered in the case presentations in both your mid-term and final
examinations.
In an effort to allow you to express your knowledge in different ways, there will be
five (5) components to your final grade.
25
25
40
10
100
=
=
=
=
=
=
95% and up
87%-94.49%
82%-86.49%
77%-81.49%
72%-76.49%
67%-71.49%
C+
C
CF
0
=
=
=
=
=
62%-66.49%
57%-61.49%
52%-56.49%
35% and below
0
(c)
Class Schedule
DATE
Jan. 5
Jan. 12
Jan. 19
ACTIVITY
Course Introduction
Startup.com: Observing the New Economy
Success Stories in E-Commerce:
Concepts and Tools for analyzing Ecommerce players.
--------------------The New World of Cyberspace: Economic
and social Implications of working,
consuming, and living in cyberspace.
Marketing in a Connected World: Network
Theory
Branding on the Internet
READINGS
No readings
Jan. 26
Feb. 2
Versioning: Product Strategies in the Digital Shapiro and Varian; Rayport Case Team 2
Marketspace
and Sviokla
NTT DoCoMo
The Technology Paradox
Plato: Phaedrus [online];
Research Presentation(s)
Gross; Moriarty and Kosnik
Feb. 9
Feb. 16
Case Team 1
The Sims Online
Research Presentation(s)
Case Discussion
Feb. 23
Mar. 2
Mar. 9
Strategy of High-Tech Marketing Part I
Mar. 16
Mar. 23
Mar. 30
Apr. 6
Meldrum, 1995_____
Case: Virden 1995
Ward et al. 1999
Case Team 3
Thomke and von Hippel, 2002 Charmed Technology
Apr. 13
SITUATION ANALYSIS
Internal Analysis: strengths/weaknesses should be clearly distinguished according to the four
functional areas (Production, Marketing, HR, and Finance) or the 4Ps (Product, Price, Promotion,
Place).
External Analysis: opportunities/threats should be identified in each of the social, technological,
economic, and political (STEP) environments and other environments that are pertinent to the
case.
Resource Identification: The internal analysis and external analysis should be brought together
to identify the salient strengths and weaknesses.
ALTERNATIVES
alternatives should be strategic. That is, they should advance a particular strategic goal (e.g.
differentiation based on price, differentiation based on value) and/or they should be about the
means by which to increase revenue (market penetration, product development, market
development, and diversification).
alternatives should be complete. That is, they should address: (i) the market position of the
company, (ii) its product strategy, (ii) price strategy, (iii) place strategy, and (iv) promotion strategy.
NOTE: reduce price is NOT an alternative. It is a tactic that is part of a larger strategic plan or
alternative.
EVALUATION OF ALTERNATIVES AND RECOMMENDATION
the alternatives should be compared on common criteria such as (i) maximum profit, (ii) ease of
implementation, (iii) consistency with organizational goals, and others you can think of
based on this discussion and referring back to your problem statement, one or some combination
of the alternatives should be recommended.
state a brief contingency plan.
IMPLEMENTATION
KEEP THIS SECTION RELATIVELY SHORT. In my class, this is NOT the most important
exercise of the case. Do include:
details on what is to be done and how it is to be done. DO NOT SIMPLY SAY, "We should
increase advertising," tell me by how much, where you will advertise, how often you will advertise
and so on.
a clear time line for your plan. (e.g. The following 3 activities will be done in the next 1-4 weeks,
the next 3 activities will be done in the next 5-11 weeks and so on). Provide a rationale for this
time line.
Estimates on how much your plan is expected to cost.
PROVIDE THE INSTRUCTOR WITH A SUMMARY COPY OF YOUR POWER-POINT
PRESENTATION SLIDES (3 PER PAGE). THE WRITE-UP IS DUE THE DAY OF YOUR
PRESENTATION.
the electronic marketspace. You may decide to investigate the opportunities and challenges of producing
high-end fiber connections for industrial applications or to analyze the link between marketing and high-tech
as design. Many other projects are possible. It's up to you. The final paper is due the day of your
presentation.
Bibliography
Benkenstein, M. and B. Bloch (1994), "Strategic marketing management in high-tech industries: A
stock-taking," Marketing Intelligence & Planning, 12 (1), 15-21.
Bernstein, Peter L. Are Networks Driving the New Economy. Harvard Business Review.
November-December 1998. pp. 3-7.
Castells, M. (2001), "e-Business and the New Economy," in The Internet Galaxy: Reflections on
the Internet, business, and society. Oxford and New York: Oxford University Press.
Dreyfus, H. L. (2001), "Disembodied telepresence and the remoteness of the real," in On the
Internet. London and New York: Routledge.
Dussart, C. (2001), "Transformative Power of E-Business over Consumer Brands," European
Management Journal, 19 (6), 629-37.
Faden, E. S. (2001), "The Cyberfilm: Hollywood and Computer Technology," Strategies: Journal
of Theory, Culture & Politics, 14 (1), 77 - 90.
Goldman, S. L. (1989), "Images of Technology in Popular Films: Discussion and Filmography,"
Science, Technology, & Human Values, 14 (3), 275-301.
Gross, et al The Technology Paradox Business Week. Mar 6, 95. pp. 76-84.
Kenny, D. and J. F. Marshall (2000), "Contextual marketing: The real business of the Internet,"
Harvard Business Review, 78 (6), 119-125.
Kozinets, R. V. (1999), "E-Tribalized Marketing?: The Strategic Implications of Virtual
Communities of Consumption," European Management Journal, 17 (3), 252-64.
Meldrum, M. J. (1995), "Marketing high-tech products: The emerging themes," European Journal
of Marketing, 29 (10), 45-58.
Moon, Y. (2004), "Don't Just Do Something, Stand There!," Harvard Business Review, 82 (3), 1617.
Moriarty, Rowland T. and Thomas J. Kosnik. High-Tech Marketing: Concepts, Continuity, and
Change Sloan Management Review. Summer 1989. pp. 7-17.
Rayport, J. F. and J. J. Sviokla (1995). "Exploiting the Virtual Value Chain." Harvard Business
Review 73(6): 75-99.
Seybold, P. B. (2001), "Get inside the lives of your customers," Harvard Business Review, 79 (5),
80-89.
Shapiro, Carl and Hal R. Varian. Versioning: The Smart Way to Sell Information HBR.
November-December 1998. pp. 106-114.
Shapiro, Carl and Hal Varian. Chapter 2: Pricing Information Goods. Information Rules. 1999.
Pp. 19-51.
Thomke, S. and E. von Hippel (2002), "Customers as innovators: A new way to create value,"
Harvard Business Review, 80 (4), 74-81.
Turkle, S. (2003), "Technology and Human Vulnerability," Harvard Business Review, 81 (3), 4350.
Virden, T. W. (1995), "Can this High-Tech Product Sell Itself?," Harvard Business Review,
Nov/Dec, 24-29.
Ward, S., L. Light, and J. Goldstine (1999), "What high-tech managers need to know about
brands," Harvard Business Review, 77 (4), 85-95.
Wildstrom, S. Freeware? Whats not to like? Business Week. Jan 11, 1999. p. 26.
Zwick, D. (2004), "Marketing Innovations to Consumers," Innovative Progress, 2 (1), 3-4.
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