International Marketing
Introduction to International Marketing & Trade
a) Introduction of International Marketing:
Meaning, Features of International Marketing, Need and Drivers of
International Marketing, Process of International Marketing, Phases of
International Marketing, Benefits of International Marketing, Challenges of
International Marketing, Difference between Domestic and International
Marketing, Different Orientations of International Marketing : EPRG
Framework, Entering International Markets :Exporting, Licensing, Franchising,
Mergers and Acquisition, Joint Ventures, Strategic Alliance, Wholly Owned
Subsidiaries, Contract Manufacturing and Turnkey Projects, Concept of
Globalization
b) Introduction to International Trade:
Concept of International Trade, Barriers to Trade: Tariff and Non Tariff, Trading
Blocs : SAARC, ASEAN, NAFTA, EU, OPEC
International Marketing Environment and Marketing
a) International Marketing Environment:
Economic Environment : International Economic Institution (World Bank, IMF,
IFC) ,International Economic Integration (Free Trade Agreement, Customs
Union, Common Market, Economic Union)
Political and Legal Environment: Political System (Democracy, Authoritarianism,
Communism), Political Risk, Political Instability, Political Intervention. Legal
Systems (Common Law, Civil Law, Theocratic Law), Legal Differences, Anti
Dumping Law and Import License.
Cultural Environment : Concept , Elements of Culture (Language, Religion,
Values and Attitude , Manners and Customs, Aesthetics and Education) ,
HOFSTEDE’s Six Dimension of Culture , Cultural Values ( Individualism v/s
Collectivism)
b) Marketing Research:
Introduction, Need for Conducting International Marketing Research,
International Marketing Research Process, Scope of International Marketing
Research, IT in Marketing Research
International Marketing Mix
a) International Product Decision
International Product Line Decisions, Product Standardization v/s Adaptation
Argument, International Product Life Cycle, Role of Packaging and Labelling in
International Markets, Branding Decisions in International Markets,
International Market Segmentation and Targeting, International Product
Positioning
b) International Pricing Decision:
Concept of International Pricing, Objectives of International Pricing, Factors
Affecting International Pricing
International Pricing Methods: Cost Based, Demand Based, Competition Based ,
Value Pricing, Target Return Pricing and Going Rate Pricing
International Pricing Strategies : Skimming Pricing, Penetration Pricing ,
Predatory Pricing
International Pricing Issues : Gray Market , Counter Trade, Dumping, Transfer
Pricing
c) International Distribution Decisions
Concept of International Distribution Channels, Types of International
Distribution Channels, Factors Influencing Selection of International
Distribution Channel
d) International Promotion Decisions
Concept of International Promotion Decision
Planning International Promotional Campaigns: Steps - Determine the Target
Audience, Determine Specific Campaigns, Determine Budget, Determine
Message, Determine Campaign Approach and Determine Campaign
Effectiveness
Standardization V/S Adaptation of International Promotional Strategies
International Promotional Tools/Elements
Developments in International Marketing
a) Introduction -Developing International Marketing Plan:
Preparing International Marketing Plan, Examining International Organisational
Design, Controlling International Marketing Operations, Devising International
Marketing Plan
b) International strategies:
Need for International Strategies, Types of International Strategies
c) International Marketing of Services
Concept of International Service Marketing, Features of International Service
Marketing, Need of International Service Marketing, Drivers of Global Service
Marketing, Advantages and Disadvantages of Global Service Marketing, Service
Culture
Brand Management
Introduction to Brand Management
a) Introduction to Brand Management:
Meaning of Brand, Branding, Brand Management, Importance of Branding to
Consumers, Firms, Brands v/s Products, Scope of Branding, Branding
Challenges and Opportunities, Strategic Brand Management Process, Customer
Based Brand Equity model (CBBE), Sources of Brand Equity, Steps of Brand
Building including Brand Building Blocks, Brand Positioning: Meaning,
Importance, Basis
Planning and Implementing Brand Marketing Programs
a) Planning and Implementing Brand Marketing Programs:
Brand Elements: Meaning, Criteria for choosing Brand Elements, Types of
Brand Elements
Integrating Marketing Programs and Activities
Personalising Marketing: Experiential Marketing, One to One Marketing,
Permission Marketing
Product Strategy: Perceived Quality and Relationship Marketing
Pricing Strategy: Setting Prices to Build Brand Equity
Channel Strategy: Direct, Indirect Channels
Promotion Strategy: Developing Integrated Marketing Communication
Programs
Leveraging Secondary Brand Associations to Build Brand Equity: Companies,
Countries, Channel of Distribution, Co-branding, Characters, Events.
Measuring and Interpreting Brand Performance
a) The Brand Value Chain
b) Measuring Sources of Brand Equity:
Qualitative Research Techniques: Projective Techniques: Completion,
Comparison, Brand Personality and Values: The Big Five, Free Association
Quantitative Research Techniques: Brand Awareness: Recognition, Recall,
Brand Image, Brand Responses
c) Young and Rubicam’s Brand Asset Valuator
d) Measuring Outcomes of Brand Equity
Comparative Methods: Brand based Comparative Approaches, Marketing
Based Comparative Approaches, Conjoint Analysis
Holistic Methods: Residual Approaches, Valuation Approaches: Historical
Perspectives and Interbrand’s Brand Valuation Methodology
Growing and Sustaining Brand Equity
a) Designing & Implementing Branding Strategies:
Brand Architecture: Meaning of Brand Architecture, The Brand-Product Matri,
Breadth of a Branding Strategy, Depth of a Branding Strategy
Brand Hierarchy: Meaning of Brand Hierarchy, Building Equity at Different
Hierarchy Levels
Cause Marketing to Build Brand Equity: Meaning of Cause Marketing,
Advantages, Green Marketing
b) Brand Extensions:
Meaning, Advantages, Disadvantages, Brand Extension and Brand Equity
c) Managing Brands over Time:
Reinforcing Brands, Revatilising Brands
d) Building Global Customer Based Brand Equity
Unit - 1 Introduction to Non-profit Organization
a) Non-profit organization: Meaning of Non-Profit Organization, Features of non-profit
organization, Characteristics of Non Profit marketing, Stakeholders in non-profit
organization, Types of non-profit organization: Charities, newly emerging social
enterprise sector, public sector, political parties and campaign organizations,
classification of non-profit organizations, Social need: concept, social need as a basis for
developing sustainable business model for a non-profit organization.
b) Fundraising: meaning, common techniques to solicit funds, fund raising loyalty
ladder, marketing and communication for fundraising
Unit - 2 Segmenting Targeting Positioning, Product mix & Pricing mix in Non-profit organizations
a) Segmentation, Targeting & Positioning of non-profit organizations: Strategic
Marketing for Non-Profit Organization, Steps in Strategic Marketing of non-profit
organization, Market Segmentation, Targeting & Positioning in non-profit organization
b) Product mix & Pricing mix in non-profit organization: Budgeting, cost effective
marketing mix, Cost Management, Product or offer in non-profit organization, level of
offer in non-profit organization, Pricing Objectives in non-profit organizations, Pricing
Strategies in non-profit organizations
Unit - 3 Promotion mix, Place mix of non-profit organizations & advocacy of non-profit organizations
a) Promotion Mix: Promotion of non-profit Organizations: Marketing Communication
Strategies, Integrated Marketing Communication in nonprofit organizations, Image &
reputation, Marketing Communication process, Marketing communication process,
Role of Audience, message and vehicle in non-profit organization communication.
Significance of place in non-profit organizations, Challenges for non-profit
organizations in rural areas.
b) Advocacy & Fund Raising in non-profit organization: Meaning, steps in building
support for advocacy, advocacy tactics: lobbying, Coalition Building, outreach to
media, educating policy makers on issues, educating public on policy issue, building
relationship with policy maker. Distinctive characteristics of advocacy groups, Steps
in crafting an advocacy plan, steps in engaging policy makers for lobbying, advocacy
v/s lobbying, Evaluating advocacy.
Fund Raising: meaning, Principles of fundraising, Fund raising cycle, The fund raising
pyramid and donor life cycle.
Unit - 4 Corporate Social Responsibility, innovations & Ethics in non-profit organizations
a) Corporate social responsibility: CSR, Importance of CSR, history and evolution of CSR,
Policy framework for CSR in India, Section 135 of Companies Act 2013, Role of CSR
committee on Boards
Code of Ethics in non-profit organization, hierarchy of ethical values in non-profit
organization, careers in CSR.
b) Trends and Innovations: Current trends, innovations and opportunities in CSR,
Influence of non-profit organizations and their impact on corporate CSR, Challenges
faced by non-profit organizations in India.
c) Non-Governmental Organization (NGO): Meaning of Non-Government Organization
(NGO), Difference between Voluntary Organization & NGO, Steps of Voluntarism, Types
of NGO: advocacy of chosen cause, Small or Grassroot NGO, Mother NGO, National
NGO, corporate NGO, Global NGO’s
Unit - 1 Retail Management- An overview
a) Retail Management:
Introduction and Meaning, Significance, Factors Influencing Retail
Management, Scope of Retail Management
b) Retail Formats:
Concept of Organized Retailing: Factors Responsible for the Growth of
Organized Retail in India, Multichannel Retailing: Meaning and Types, E-tailing:
Meaning, Advantages and Limitations
c) Emerging Trends in Retailing
Impact of Globalization on Retailing
I.T in Retail: Importance, Advantages and Limitations, Applications of I.T. in
Retail: EDI, Bar Coding, RFID Tags, Electronic Surveillance, Electronic Shelf
Labels
FDI in Retailing: Meaning, Need for FDI in Indian Retail Scenario
Franchising: Meaning, Types, Advantages and Limitations, Franchising in India
Green Retailing
Airport Retailing
Unit - 2 Retail Consumer and Retail Strategy
a) Retail Consumer/Shopper:
Meaning of Retail Shopper, Factors Influencing Retail Shoppers, Changing
Profile of Retail Shoppers, Market Research as a Tool for Understanding Retail
Markets and Shoppers
b) CRM in Retail:
Meaning, Objectives
Customer Retention Approaches: Frequent Shopper Programme, Special
Customer Services, Personalization, Community
c) Retail Strategy:
Meaning, Steps in Developing Retail Strategy, Retail Value Chain
d) Store Location Selection:
• Meaning, Types of Retail Locations, Factors Influencing Store Location
e) HRM in Retail:
Meaning, Significance, Functions
Organization Structure in Retail: Meaning, Factors Influencing Designing
Organization Structure, Organization Structure for Small Stores/Single
Stores/Independent Retailers and Retail Store Chain/Department Store
Unit - 3 Merchandise Management and Pricing
a) Merchandise Management
Concept, Types of Merchandise, Principles of Merchandising, Merchandise
Planning- Meaning and Process, Merchandise Category – Meaning, Importance,
Components, Role of Category Captain, Merchandise Procurement/Sourcing-
Meaning, Process, Sources for Merchandise
b) Buying Function:
Meaning, Buying Cycle, Factors Affecting Buying Functions, Functions of Buying
for Different Types of Organizations Young and Rubicam’s Brand Asset
Valuator- Independent Store, Retail Chain, Non-store Retailer
c) Concept of Lifestyle Merchandising
d) Private Label
Meaning, Need and Importance, Private Labels in India
e) Retail Pricing
Meaning, Considerations in Setting Retail Pricing
Pricing Strategies:
High/ Low Pricing: Meaning, Benefits, Everyday Low Pricing: Meaning, Benefits,
Market Skimming, Market Penetration, Leader Pricing, Odd Pricing, Single
Pricing, Multiple Pricing, Anchor Pricing
Variable Pricing and Price Discrimination- Meaning
Types:
Individualized Variable Pricing/First Degree Price
Self-Selected Variable Pricing/ Second Degree Price Discrimination-
Clearance and Promotional Markdowns, Coupons, Price Bundling, Multiple –
Unit Pricing
Variable Pricing by Market Segment/ Third Degree Price Discrimination
Unit - 4 Managing and Sustaining Retail
a) Retail Store Operations:
Meaning, Responsibilities of Store Manager, The 5 S’s of Retail Operations
(Systems, Standards, Stock, Space, Staff)
b) Store Design and Layout:
Store Design- Meaning, Objectives, Principles, Elements of Exterior and Interior
Store Design, Store Atmospherics and Aesthetics
Store Layout- Meaning, Types: Grid, Racetrack, Free Form
Signage and Graphics: Meaning, Significance, Concept of Digital Signage
Feature Areas: Meaning, Types: Windows, Entrances, Freestanding Displays,
End Caps, Promotional Aisles, Walls, Dressing Rooms, Cash Wraps
c) Visual Merchandising and Display:
Visual Merchandising- Meaning, Significance, Tools Used for Visual
Merchandising
The Concept of Planogram
Display- Meaning, Methods of Display, Errors in Creating Display
d) Mall Management
Meaning and Components: Positioning, Zoning, Promotion and Marketing,
Facility Management, Finance Management
e) Legal and Ethical Aspects of Retailing
Licenses/Permissions Required to Start Retail Store in India
Ethical Issues in Retailing
Career Options in Retailing
1 Introduction to Operations Research and Linear Programming
a) Introduction To Operations Research
Operations Research - Definition, Characteristics of OR, OR Techniques, Areas
of Application, Limitations of OR.
b) Linear Programming Problems: Introduction and Formulation
Introduction to Linear Programming
Applications of LP
Components of LP
Requirements for Formulation of LP Problem
Assumptions Underlying Linear Programming
Steps in Solving LP Problems
LPP Formulation (Decision Variables, Objective Function, Constraints, Non
Negativity Constraints)
c) Linear Programming Problems: Graphical Method
Maximization & Minimization Type Problems. (Max. Z & Min. Z)
Two Decision Variables and Maximum Three Constraints Problem
Constraints can be “less than or equal to”, “greater than or equal to” or a
combination of both the types i.e. mixed constraints.
Concepts: Feasible Region of Solution, Unbounded Solution, Redundant
Constraint, Infeasible Solution, Alternative Optima.
d) Linear Programming Problems: Simplex Method
Only Maximization Type Problems. (Only Max. Z). No Minimization problems.
(No Min. Z) Numericals on Degeneracy in Maximization Simplex Problems.
Two or Three Decision Variables and Maximum Three Constraints Problem. (Up
to Maximum Two Iterations)
All Constraints to be “less than or equal to” Constraints. (“Greater than or
Equal to” Constraints not included.)
Concepts : Slack Variables, Surplus Variables, Artificial Variables, Duality,
Product Mix and Profit, Feasible and Infeasible Solution, Unique or Alternate
Optimal Solution, Degeneracy, Non Degenerate, Shadow Prices of Resources,
Scarce and Abundant Resources, Utilized and Unutilized Capacity of Resources,
Percentage Utilization of Resources, Decision for Introduction of a New
Product.
2 Assignment and Transportation Models
a) Assignment Problem – Hungarian Method
Maximization & Minimization Type Problems.
Balanced and Unbalanced Problems.
Prohibited Assignment Problems, Unique or Multiple Optimal Solutions.
Simple Formulation of Assignment Problems.
Maximum 5 x 5 Matrix. Up to Maximum Two Iterations after Row and Column
Minimization.
Note:
1. Travelling Salesman Assignment Problem is not included.
b) Transportation Problems
Maximization & Minimization Type Problems.
Balanced and Unbalanced problems.
Prohibited Transportation Problems, Unique or Multiple Optimal Solutions.
Simple Formulation of Transportation Problems.
Initial Feasible Solution (IFS) by:
a. North West Corner Rule (NWCR)
b. Least Cost Method (LCM)
c. Vogel’s Approximation Method (VAM)
Maximum 5 x 5 Transportation Matrix.
Finding Optimal Solution by Modified Distribution (MODI) Method. (u, v and ∆)
Maximum Two Iterations (i.e. Maximum Two Loops) after IFS.
3 Network Analysis
a) Critical Path Method (CPM)
Concepts: Activity, Event, Network Diagram, Merge Event, Burst Event,
Concurrent and Burst Activity,
Construction of a Network Diagram. Node Relationship and Precedence
Relationship.
Principles of Constructing Network Diagram.
Use of Dummy Activity
Numerical Consisting of Maximum Ten ( 10) Activities.
Critical Path, Sub-critical Path, Critical and Non-critical Activities, Project
Completion Time.
Forward Pass and Backward Pass Methods.
Calculation of EST, EFT, LST, LFT, Head Event Slack, Tail Event Slack, Total Float,
Free Float, Independent Float and Interfering Float
b) Project Crashing
Meaning of Project Crashing.
Concepts: Normal Time, Normal Cost, Crash Time, Crash Cost of Activities.
Cost Slope of an Activity.
Costs involved in Project Crashing: Numericals with Direct, Indirect, Penalty,
crash cost and Total Costs.
Time – Cost Trade off in Project Crashing.
Optimal (Minimum) Project Cost and Optimal Project Completion Time.
Process of Project Crashing.
Numerical Consisting of Maximum Ten (10) Activities.
Numerical based on Maximum Four (04) Iterations of Crashing
c) Program Evaluation and Review Technique (PERT)
Three Time Estimates of PERT: Optimistic Time (a), Most Likely Time (m) and
Pessimistic Time (b).
Expected Time (te) of an Activity Using Three Time Estimates.
Difference between CPM and PERT.
Numerical Consisting of Maximum Ten (10) Activities.
Construction of PERT Network using tevalues of all Activities.
Mean (Expected) Project Completion Time.
Standard Deviation and Variance of Activities.
Project Variance and Project Standard Deviation.
‘Prob. Z’ Formula.
Standard Normal Probability Table. Calculation of Probability from the
Probability Table using ‘Z’ Value and Simple Questions related to PERT
Technique.
Meaning, Objectives, Importance, Scope, RORO/LASH
4 Job Sequencing and Theory of Games
a) Job Sequencing Problem
Processing Maximum 9 Jobs through Two Machines only.
Processing Maximum 6 Jobs through Three Machines only.
Calculations of Idle Time, Elapsed Time etc.
b) Theory of Games
Introduction
Terminology of Game Theory: Players, Strategies, Play, Payoff, Payoff matrix,
Maximin, Maximax, Saddle Point.
Types of Games.
Numericals based on:
Two Person Zero Sum Games including strictly determinable and Fair Game
- Pure Strategy Games (Saddle Point available). Principles of Dominance
method.