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JOHN CABOT UNIVERSITY

COURSE CODE: "MKT 365"
COURSE NAME: "Industrial Marketing"
SEMESTER & YEAR: Fall 2024
SYLLABUS

INSTRUCTOR: Anna Fiorentino
EMAIL: [email protected]
HOURS: TTH 1:30 PM 2:45 PM
TOTAL NO. OF CONTACT HOURS: 45
CREDITS: 3
PREREQUISITES: Prerequisite: MKT 301
OFFICE HOURS:

COURSE DESCRIPTION:
The objective of this course is to expose students to the environment of business-to-business (B2B) marketing from a global perspective, with emphasis on how it differs from the consumer (B2C) marketing context. Concepts, models and analytical tools are studied in the areas of business-to business marketing analysis and strategy; managing business-to-business marketing processes; and putting business-to-business marketing into practice.
SUMMARY OF COURSE CONTENT:

This is a course of "Marketing to Business Customers". Nearly half of the world's economic exchanges take place between businesses. Nearly as much as the economic value of exchanges between businesses and consumers. A well-rounded marketer must learn how to strategize and execute marketing towards this half of the world, that generates so much value, so many jobs, and requires significantly different marketing concepts, skills, tactics and practices.

To bridge this gap, this course will bring you through a fascinating journey of understanding the complexity of business buying behavior, business needs, and how Marketing is crucial in supporting Sales and make a difference in the success of Industrial and B2B companies.

The overarching objective of the course is to provide the theoretical backbone of today’s Industrial/Business to Business Marketing, complemented by tools and practices can be used in day-to-day management, as well as real-world experience and examples from my 25 years of work across companies.

The course content is organized around the following areas:

In the first one, we will explore Business marketing and the differences vs. Customer marketing. This section includes an in-depth understanding of business customers, their needs, their complex decision making process, how to segment and target them. All of this requires skills that are never covered in any B2C marketing course.

The second one will cover a fundamental aspect of Industrial/B2B marketing: the alignment between Marketing and Sales. It is a deep dive into the real world of supporting Sales in closing deals. This relationship is nowhere as strong as in Industrial/B2B contexts. The section will bring you through a learning journey of understanding Sales Enablement by marketing, the Sales pipeline, the key activities that Marketing does to support Sales through every step of the sales process, from generating lists of potential customers, to customer qualification, to deal closure.

The third section will cover key, specific tactics of Industrial/B2B marketing such as content marketing, Account-Based Marketing, effective use of email and social media, importance of events to generate leads for Sales. We will also talk about data-drive marketing, measurement of the success of marketing efforts, which will be explored in further details in the following section.

The final section will look into the future and investigate the global nature of Industrial/B2B marketing and its evolutions as well as how new technologies will impact the future of Industrial/B2B Marketing.

LEARNING OUTCOMES:

At the end of the course, students will be able to:

Understand the characteristics of B2B marketing vs B2C Marketing

Understand challenges and opoportunities in B2B Marketing

Understand business buyer's behavior and decision making process

Analyze the elements of a B2B marketing strategy

Understand the fundamental role of B2B marketing in the sales process

Understand key B2B marketing tactics and use of channels

Learn how to use analytics in B2B marketing

Understand the global context and the emerging trends of B2B marketing

TEXTBOOK:
Book TitleAuthorPublisherISBN numberLibrary Call NumberCommentsFormatLocal BookstoreOnline Purchase
Business to Business Marketing Management: A Global Perspective A. Zimmerman, J BlitheRoutledge978-0367757946     
REQUIRED RESERVED READING:
Book TitleAuthorPublisherISBN numberLibrary Call NumberComments
Instructor's slidesAnna Fiorentino--  

RECOMMENDED RESERVED READING:
NONE
GRADING POLICY
-ASSESSMENT METHODS:
AssignmentGuidelinesWeight
First graded test, individualShort essays: 4 open-ended questions, paper based20%
Class ParticipationStudents are required to actively participate to all class activities with appropriate contributions; active participation to in-class discussions with ideas, answers, questions, comments, personal viewpoints, findings. Participation to teamwork with honest, punctual, collaborative contribution equally distributed across the team. Voluntary participation in the Industry Research and Company Research organized by the Library will be a plus. Use of the forum will also a plus.20%
Final exam/project: analysis of a case studyFinal exam: students will be required to solve a case study with pre-determined questions. The expected end products are: 1) a power point/pdf presentation of 5-6 pages to be presented in class; a paper with more detailed answers (1000-1200 words, font Calibri 12, single-spaced). Please note: teamworks might include a peer review. In such case, the work (presentation + discussion in class + paper) will account for 75% of the grade; the peer review will account for 25% of the grade.35%
Mid-term exam, individualShort essays: 6 open-ended questions, individual, paper-based, answers no longer than 15 lines25%

-ASSESSMENT CRITERIA:
AWork of this quality directly addresses the question or problem raised and provides a coherent argument displaying an extensive knowledge of relevant information or content. This type of work demonstrates the ability to critically evaluate concepts and theory and has an element of novelty and originality. There is clear evidence of a significant amount of reading beyond that required for the course.
BThis is highly competent level of performance and directly addresses the question or problem raised.There is a demonstration of some ability to critically evaluatetheory and concepts and relate them to practice. Discussions reflect the student’s own arguments and are not simply a repetition of standard lecture andreference material. The work does not suffer from any major errors or omissions and provides evidence of reading beyond the required assignments.
CThis is an acceptable level of performance and provides answers that are clear but limited, reflecting the information offered in the lectures and reference readings.
DThis level of performances demonstrates that the student lacks a coherent grasp of the material.Important information is omitted and irrelevant points included.In effect, the student has barely done enough to persuade the instructor that s/he should not fail.
FThis work fails to show any knowledge or understanding of the issues raised in the question. Most of the material in the answer is irrelevant.

-ATTENDANCE REQUIREMENTS:

Class attendance is highly recommended as most of the topics are covered in-class with instructor's slides, discussions, exercises.
An 80% participation rate is mandatory.
After 6 unexcused absences, the student will be unable to participate in the final project, losing all the points assigned to the final project.
Responsible and active contribution to group projects is mandatory. A student peer-review, to measure contribution of each team member to group projects might be part of the assessment of group assignments.
In case of an unexcused absence on the day of a graded assignment, the student will lose all the points of the graded assignment, unless absence is excused through a petition to the Dean's Office prior to the assessment day.

The Dean’s Office will grant such permission only when the absence was caused by a serious impediment, such as a documented illness, hospitalization or death in the immediate family (in which you must attend the funeral) or other situations of similar gravity. Absences due to other meaningful conflicts, such as job interviews, family celebrations, travel difficulties, student misunderstandings or personal convenience, will not be excused. Students who will be absent from a major exam must notify the Dean’s Office prior to that exam. Absences from class due to the observance of a religious holiday will normally be excused. Individual students who will have to miss class to observe a religious holiday should notify the instructor by the end of the Add/Drop period to make prior arrangements for making up any work that will be missed. 

ACADEMIC HONESTY
As stated in the university catalog, any student who commits an act of academic dishonesty will receive a failing grade on the work in which the dishonesty occurred. In addition, acts of academic dishonesty, irrespective of the weight of the assignment, may result in the student receiving a failing grade in the course. Instances of academic dishonesty will be reported to the Dean of Academic Affairs. A student who is reported twice for academic dishonesty is subject to summary dismissal from the University. In such a case, the Academic Council will then make a recommendation to the President, who will make the final decision.
STUDENTS WITH LEARNING OR OTHER DISABILITIES
John Cabot University does not discriminate on the basis of disability or handicap. Students with approved accommodations must inform their professors at the beginning of the term. Please see the website for the complete policy.

SCHEDULE

Week 1: Sept 3 & 5

Introduction to the course and to B2B Marketing
Opportunities and challenges in B2B Marketing 

                                       

Week 2: Sept 10 & 12

The role of B2B Marketing and key elements of a B2B Marketing Strategy

Understanding Business Customers: Segmentation, targeting and positioning

 

Week 3: Sept 17, 19 & 20 (make up day for Thanksgiving)

 Understanding the B2B Customer: needs, motivations and behaviors part 1   

Understanding the B2B Customer: needs, motivations and behaviors part 2

Understanding Sales, the notion of "most important customers" and the relationship between Marketing and Sales

 

Week 4: Sept 24 & 26

First test (Sept 24)

The Sales Pipeline and Sales Enablement by B2B Marketing part 1

                                                       

Week 5: Oct 1 & 3        

The Sales Pipeline and Sales Enablement by B2B Marketing part 1 cont'd: the scoring models

Exercise: building a scoring model

 

Week 6: Oct 8 & 10

The Sales Pipeline and Sales enablement by B2B Marketing - part 2; real-world example of research on an important prospect

"Golden rules" for best practice Sales enablement and short case study

                                                                                     

Week 7: Oct 15 & 17

Review day before mid-term exam

Mid-Term exam (October 17)

 

Week 8: Oct 22 and 24

Data-driven B2B marketing
Introduction to Marketing tactics

 

Week 9: Oct 29 & 31

Content Marketing & marketing collaterals

Social Media Marketing

 

Week 10: Nov 5 & 7

Email Marketing and Search Engine Optimization

Events, Sponsorships and Industry Associations

 

Week 11: Nov 12 & 14

Account-based Marketing
Researching a key Account context, pain points and opportunities: class reading and discussion

Week 12: Nov 19 & 21

Briefing on the final case 
B2B in a global context 
Emerging digital and tech trends in B2B marketing

Week 13: Nov 26
Q&A session on the final case study

Key take-aways from the course

Course feedback  

 

Week 14: Dec 3 & 5

Reading and discussion: Communication, interactivity and satisfaction in B2B Relationships // Omnichannel in B2B Sales. The new normal in a year that has been nothing but

Presentations of final case study (Dec 5)

 

Finals week: Feedback on the case study