Module BUSI42415: Applied Marketing Science (FT)

Department: Management and Marketing

BUSI42415: Applied Marketing Science (FT)

Pre-requisites

Corequisites

Excluded Combinations

Aims

• To provide a comprehensive introduction to the specialised areas of market intelligence, marketing planning and strategic location management.
• To consolidate and extend the advanced research methods training and statistical analysis skills acquired during the Core period of the MA in Marketing programme.
• To equip the student with the advanced conceptual and practical skills needed to successfully complete a dissertation in Marketing and to provide a firm foundation for a successful marketing career.

Content

• I. Business Location Analysis:
• Marketing, location, and competitive advantage;
• Inductive and deductive location selection strategies;
• Trade area analysis and site evaluation techniques;
• Territory management and intelligent network planning;
• Spatial interaction modeling and spatial growth strategies.
• II. Marketing Research and Intelligence:
• The marketing research industry;
• The commercial marketing research process;
• Exploratory, descriptive, and predictive research;
• Industrial and consumer test markets;
• Analysing, reporting and managing marketing intelligence;
• III. Marketing, Information and Technology:
• Data, information and market intelligence;
• Secondary and standardised data - official statistics, commerical data, bespoke services;
• Understanding and managing spatially - referenced information;
• Geographical information systems (GIS) and spatial data analysis;
• Marketing intelligence systems (MkIS) and strategic knowledge management.
• IV. Spatial Marketing Planning:
• Segmentation, positioning, and the spatial planning process;
• Population geography, geodemographic change, and market opportunities;
• Market segmentation bases - geodemorgraphic, psychographic, lifestyle, etc;
• Standardized segmentation systems - ACORN, VALS2, PRIZM, PYSTE, etc;
• Modeling, simulation, and decision - support systems.

Learning Outcomes

• a critical appreciation of the nature of marketing information and market intelligence, together with the geographical dimensions of that information and intelligence.
• a critical appreciation of the spatially-referenced data underpinning successful marketing research, and of the technologies used in managing that spatially-referenced data.

• acquired the specialised skills needed to plan, implement, report, and manage a comprehensive and complex programme of market research for a new business venture and/or market diversification project.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• The learning outcomes will be achieved through a combination of lectures, guided reading, individual exercises and the group discussion of case studies, reinforced by IT-based practical classes in the use of statistical software packages (e.g. SPSS) and Geographical information systems (e.g. ArcGIS).
• The summative assessment of the module - by practical project, group presentation and data analysis exercise - is designed to: Test the acquisition and articulation of knowledge and research skills; Test skills in managing and analysing spatially-referenced data; Test conceptual understanding and skills of application, interpretation and reporting within the business context.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment

Student presentations, case study preparation, performance in IT practical classes.