last updated 2019 Nov 27
SENECA COLLEGE, TORONTO`
.
Mon 
09:50-11:35
room 
B3090

Wed 
09:50-11:35
room 
B4021


Marketing 10th Ed.
used in 2019
Connect Sign In
MRK 106 MARKETING 
As Taught by
Prof. Tim Richardson 
Sept - Dec 2019
This page may also be used by students of Prof. Kanitz 
....
http://www.witiger.com/marketing/marketingIsBad.htm
wtgr login connect.mheducation.com
for MRK106 Section MMT (Mon-Wed) log in here  https://connect.mheducation.com/class/t-richardson-fall-2019---mrk-106 Connect Sign In
This is the PowerPoint from the textbook rep showing how to register and log in (will be updated Monday afternoon Sept 16th 
witiger.com/powerpoints/Seneca_MRK106_Crane_URL_Fall2019.pptx
This is the 1-800 number you call if you have trouble with the online content for the course text 1 - 8 0 0 - 3 3 1 - 5 0 9 4
course outline senecac.on.ca/ssos/findOutline.do?termCode=20183&subjectCode=MRK106&schoolCode=0s58289
 
Sept 2019
Oct
Oct / Nov
Nov / Dec
Quorum - vocabulary
Read The Newspaper
Chpt 1

What is marketing ...
p. 3-4 10th Ed. text
Marketing is not just advertising, an explanation of the 4P's
did Sept 4

watch on your own

4P's
p. 11 9th Ed. text
p. 9 10th Ed. text
 o Product
 o Price
 o Promotion
 o Place
noted Sept 4
"10 fingers"
of business and marketing
click to view video
noted Sept 4.
"What is Marketing"
Video by WTGR 
http://www.youtube.com/watch?v=72NarquUG2U
shT

The breadth and depth of marketing p. 6-7
p. 5-6 10th Ed. text
diS
o What is a market
o Who markets
o What is marketed
o Who buys what is mktd
o Who benefits
.
http://www.youtube.com/watch?v=cQwr_MWPC7k&feature=youtu.be
WTGR on CTV re: Apple
re: target market segment
re: Product Life Cycle
re: competitive environment

Marketing Concept
p. 13 10th Ed. text
noe
------------------------------------.
FABs
Features
Advantages
Benefits
non
------------------------------------.
Intro to Mktg old.ppt
di

----------------------------------
Orientations
o Product Orientation
o Sales Orientation
o Marketing Orientation
di
Page 12 in 10th Ed. text
click to view YouTube video
video on 3 orientations
n

6 Orientations

.
o CRM Customer Relationship Management

o CLV
Customer Lifetime Value
page 16
d
o Customer Experience Mgmnt Era
o Social Marketing Era
---------------------------------
marketing and NPOs
noted Sept 4
Ice Bucket Challenge
ALS
https://www.youtube.com/watch?v=A-wDrr3ex8U&feature=youtu.be
showed Sept 4
Non Profit Organizations are becoming very innovative in their marketing
 
Chpt 2
What is a Strategy
- who +
- 4Ps
di

p. 28 10th Ed. text
https://www.youtube.com/watch?v=ehY3bCzzwEU&feature=youtu.be
3 Min 08 Sec
3 Generic Strategies

Core Values
p. 30 10th Ed. text
 
Mission Statements
p. 30 10th Ed. text
covered inBAM101
 

G.O.P.S.T.
o Goal(s)
o Objectives
o Plans
o Strategies
o Tactics
 discussed in BAM101
but the official MRK106 outline also mentions them

SMART Objectives
o Specific
o Measureable
o Achievable
o Realistic

o Time-Bound

..
Emerging Challenges
Outsourcing p. 37
done in BAM101

Mergers
Strategic Alliances p. 39
Collaborative Relationships
-----------------------------------
Developing Successful Marketing Strategies

What is a Strategy
p. 33-34 Text10thEd
Competencies
Competitive Advantage
Quality

Are Objectives
S.M.A.R.T. p. 31 Text10thEd.

SWOT analysis
p. 43  Text 10th Ed.
did Sept 11
re-did Nov 27th
o Strengths
o Weakness
o Opportunities
o Threats
.
Competition Basics p. 91
done in BAM101..
----------------------------------
types of opportunities
including the Ansoff Matrix
did Sept 11
o Market Penetration 
o Market Development 
o Product Development 
o Diversification
did Sept 11
http://www.youtube.com/watch?v=Jt1J7cxG9jA&feature=c4-overview&list=UUAtk_NQTEd9jP4hEI6lPUHA
did Sept 11
4 Types of marketing opportunities explained
.
Market Development using the example of Timmies
market development using Timmies as an example
----------------------------------
Dashboards
p. 39 Text10thEd
Metrics
 

Strategic Marketing Process
"The Marketing Plan"

Marketing Strategies
noted Sept 11
Marketing Plans
Marketing Programs
p. 44 Text10thEd

Chpt 3
the Marketing Environments
done mostly in BAM 101
noted Sept 4.
PEST(C)..
Political Environment
Economic Environment
Social-cultural E.
Technological  E.
Competitive Environment
+
Geographic Environment

Chpt 3 see BAM101

-----------------------------------------
Trends and Forces in the External Marketing Environment

most of the 6E's are discussed in BAM101
but the official MRK106 outline also mentions them


Tracking Enviromental Trends
p. 75 10th Ed. text does not cover "G" geography

Social-Cultural
influences on
Consumer Behaviour
- silence vs boldness
did Sept 16
p. 77 10th Ed. text
Social Class and Culture
p. 79 10th Ed. text
o . 78-83
did 

Ethnic Diversity

Demographics
Boomers age 52-70
Gen X age 34-54
Gen Y age 17-33
Millenials 0-16
YouTube video
Micah Tyler
 very funny
showed Sept 16 2019
.
Kevin Bacon Explains the '80s to Millennials 
YouTube

Economic Environment
- currency exchange rate
- minimum wage
- inflation
p. 81 10th Ed. text
did Sept 16
.
Technology
p. 82-83 10th Ed. text
.
Competition
Competition
Basic Principles
and
"Who Is" your competition
GoPro vs Samsung Phone 9+
did Sept 16

Degrees of Competition
p. 83-84 10th Ed. text
did Sept 16
Pure Competition
Monopoly
Monopolistic Competition
Oligopoly
p. 83-84 10th Ed. text

Politics - Regulations
p. 86-87 10th Ed. text
did Sept 16
discussed examples
- food labelling
- clothing labelling

------------------------------------
marketing is bad
for Sept 18
Consumerism 
p. 88 10th Ed. text
and Materialism
 
Chpt 4 Ethics see BAM101
Ethics and Corporate Social Responsibility is covered in BAM101
but the official MRK106 outline also mentions them

Stakeholders
p. 105 10th Ed. text
did Sept 16
http://www.youtube.com/watch?v=nBA1ud6QtyE
video explaining origin of the word Stakeholder
showed part Sept 16

Corporate Social Responsibility
(most likely discuss this in BAM101)
p. 104-109 10th Ed. text
- Obstructionist Stance
- Defensive Stance
- Accommodative Stance
- Proactive Stance
 
Chpt 5

Consumer purchase decision process
p. 117-119 10th Ed. text
began Sept 18
- problem recognition
- information search
      - people use cell phones
- alternative evaluation
      - competition
- purchase decision
       - make it easy to buy
       - $225 bi-weekly = $39,600
- post-purchase behaviour
    - make the customer happy
    - related to market penetration

Cognitive Dissonance
related to Market Penetration
did Sept 18
p. 119 in 10th Ed. text
https://www.youtube.com/watch?v=n5lLRElifCY&feature=youtu.be
the video explaining Cognitive Dissonance
1 min 32 sec
.
Motivation and Maslow's Hierarchy of Needs
began Sept 18
p. 123 in 10th Edition text
click
Values, Beliefs, Attitudes
p. 126 in 10th Ed. text

Social Cultural Influences on Consumer Behaviour
p. 129 in 10th Ed. text
 
Viral Marketing
p. 130 in 10th Ed. Text
Pass Along Mktg
Undercover Viral Mktg
Gossip/Buzz Mktg
Guerilla Mktg
for Sept 25
did Oct 16

V.W. Viral Video Superbowl ad
original V.W. superbowl ad
Parody-The Mad Jamaican
did Oct 16
Google partition ad
did Oct 16
--------------------------------
sulibreezy
Hate School/
Love Education
did Oct 16
our response
dS

Canadian Culture
for Sept 25
French-Canadian 
South-Asian Canadian
Chinese-Canadian
Caribbean Canadian
p. 132-134 10th ed.
 
Chpt 6
Marketing to organizations B2B and B2G is typically not covered in MRK106 but instead is done in MRK200
Chpt 7
Marketing to globally is typically not covered in MRK106 but instead is complete course MRK460
Chpt 8
Marketing Research is typically not covered in MRK106 but instead is done in MRK200
 
Chpt 9 

Who is a customer
f
Target Markets
Segmentation

MarketSegmentation
did Oct 7
http://www.ctvnews.ca/mobile/video?clipId=1010173
WTGR on CTV News discussing segmentation and Blackberry
 

powerpoint segmentation
d

students should download the PPT and keep it with their class notes
Segmenting Dimensions
Geographic
Demographic
Psychographic
Behaviour
Usage rate
 

Segmentation Criteria
- example of Otterbox
https://www.youtube.com/watch?v=s4EPoUOLOOQ
showed Oct 7
noted again Nov 27th
1. homogenous
2. heterogenous
3. substantial
4. competition

ppt segmentation process
did 
Market Oriented Strategies
- single, mutiple, combined 
Int'l mrktg

Observational Marketing
- Samsung S6 Edge
noted Oct 7

(dates for the generations differ widely according to various sources)
 

80/20 rule
Pareto Principle
added 2017Sept28
noted Oct 7.

Product Positioning
- head to head
- differentiation
p. 248 9th Ed. text
d
.
Positioning powerpoint
noted Nov 27th
Positioning ppt 2016
noted Nov 27th

.
 

Chpt 10

Product

"PRODUCT"
began Oct 28
old ppt updated 2014

Product includes "Packaging" discussed 
Tim Horton's vs McDonalds

did Oct 28


did Oct 28

Product Lines 
began Oct 28
eg. Ford - SUVs
Product Mix
eg. Addidas,       Nike
     Apple, SONY
p. 254-255 8th Ed.

Classes of 
p. 256-257 8th Ed.
  o Consumer Goods
  o Industrial Goods

industrial products
and services (old PPT)
 
What is a New Product
p. 257-258 8th Ed.
.
Developing New Products and Services
New Product Development Process
(also done in BAM101)
p. 264-267 8th Ed.
did again Nov 27
Idea Generation 
Screening 
Idea Evaluation
Develop Product
Market Testing
Commercialization 

Dot.com failures
d
learning how to succeed in business by avoiding mistakes


Franchising basics
--------------------------------
Chpt 11
Managing Products and Brands
p. 279-290
.
Product Mgmnt 
Product Life Cycle Unit
p. 285-287 10th Ed. text
did Nov 13
PLC powerpoint
- Product Modification
did Nov 6
-Market Modification
did Nov 6th
Introduction Stage
Growth Stage
Maturity Stage
Decline Stage
https://www.youtube.com/watch?v=HDqFyNvFdak&list=UUAtk_NQTEd9jP4hEI6lPUHA
noT
PLC video 
real examples 
by MRK106 students
.--------------------------------------
Branding Unit , packaging
noted 
+ powerpoint on branding
did 
Brand Name
Brand Personality
Brand Equity
Brand Licensing
Branding Strategies
cobranding
multibranding
Private Branding
--------------------------------------
packaging and labelling
Packaging PPT
d
talked about blister packs

Packaging - Lids

product warranty
--------------------------------------
simple ppt for old Chpt 11
Place
Channel Systems
detailed ppt for Chpt 11
- based on 8th ed. of the text
---------------------------------
Chpt 12
Managing Services
Mktg Services PPT
b
- consumer  services 
- industrial services
.
Intangible
Inconsistency
Inseparability
Inventory

Marketing Services
Product
Price
Place / Distribution
Promotion
+
People
Physical Evidence
- impression management
Process
- procedures for delivering
Productivity
- capacity management
---------------------------------
Chpt 13 
Pricing Products and Services

Pricing Basics
noted Nov 6
Cost Sheets
building Price Lists
Markups
Stockturn Rate
Total FIxed Cost
Total Variable Cost

Pricing Objectives
did Nov 6
- Profit Oriented
- Sales Oriented
- Status Quo Oriented
.
pricing policies
d
- skimming
- penetration
- prestige 
- price bundling

Rolex versus Timex
did Nov 13


Skimming Price explained

skimming price explained
noted 
Penetration Price explained
noted Microsoft vs Netscape
penetration pricing
noted Nov 13

Cost Oriented Pricing
d
- standard markup
- cost-plus pricing p. 346
- experience curve p. 346

Profit Oriented Pricing
- Target Profit pricing
- Return-on-sales
- ROI pricing

Pricing Differentiation

Chpt 13 
Price Elasticity
Supply and Demand
Elastic Demand
Inelastic Demand
did Nov 13
p. 343 10th Ed. text

Break-even analysis
noted 
The reason for Break-Even Analysis
The reason for Break-Even Analysis
--------------------------------------
Marketing seasonal events and holidays

Hallowe'en

2 min 51 sec
YouTube Video
made 
students commenting on considerations in marketing to young people at Hallowe'en 2016
 
 
SEO / SMO
Search Engine Optimization
mS
p. 89 in 10th Ed. text

E-commerce
Benefits and Limitations
d

Things to be convincing
a h

Chpt 15
Retailing
Canadian Trends
with notes from MRK513
.
Who are Millenials?
did 
The challenge of understanding, and motivating, Millenials
Micah Tyler video
did Nov 20th
Millenial Job Interview
2 min 50 sec
did Nov 20th
showed again Nov 27th
Motivation by Simon Sinek
no

our MRK513 video about 
How to Motivate 
Millennials
https://www.youtube.com/watch?v=LZGi4yjRGfM&feature=youtu.be
- created 2018 March 
no

Canadian Trends in Retailing
Website not enough - have to be digitally mobile
- mobile access to shopping websites continues to grow

How marketing and consumer trends drive unusual consequences
did Aug 1
example: 
Bacon Big Mac
click
equals
Coy-wolves north of  the GTA
click
noted October

Note SEO but SMO and Inbound Marketing
Local SEO factors
 poweredbysearch.com
/resources/top-local-seo-
ranking-factors-in-2015/
di
from 

-  -  -  -  -  -  -  -  -  -  -  -  -  -
http://www.hubspot.com
S
Hubspot Certification

 http://certification.hubspot
.com/inbound-certification
-----------------------------------
Inbound marketing and SEO
noted Nov 27
- -  -  -  -  -  -  -  -  -  -  -  -  -
Forms of Ownership p. 403
dW
- Independent Retailer
- Corporate Chain
- Contractual System

Level of Service p. 404-405
d
- Self-service
- Limited Service
- Full-service

Merchandise Line p. 405
d
- breadth of line

Non-Store Retailing
d
- Automatic Vending
- Direct Mail / Cataloques
- TV SHopping
- Online Retailing
- Telemarketing
- Direct Selling

Retailing Strategy p. 410
did
Retail Positioning Matrix
Retailing Mix p. 412
- price
- place (store location)
- promotion (comms)
- product (merchandise)
--------------------------------------------
Chpt 16 
IMC  Direct Marketing

The Communication Process
source
message
channel
receivers

encoding and decoding
encoding decoding noise ppt
did Nov 18th
did Nov 20th
Push-Pull Strategy p. 439
push-pull powerpoint
did Nov 18th
Push versus Pull
video
did Nov 18th
old powerpoint for Chpt 16
--------------------------------------------
Chpt 17
Advertising, Sales Promotion, ? Public Relations
Promotion
powerpoint
showed Nov 20th
The Promotional Mix
began Nov 13
did Nov 20th
  o Mass Selling
    o Advertising
    o Publicity
          o Viral Mktg
  o Personal Selling
did Nov 20th
           o B2C
           o B2B
           o B2G (government)
         o Prospecting
         o Approach
         o Presentation
         o Demonstration
         o Objections
         o Closing
          o Follow-up
  o Sales Promotion

kewl commercials, weird ads
began Nov 20th
------------------------------------------
Promotional Objectives
did Nov 20th
  o Inform
  o Persuad
  o Remind
------------------------------------------
Promotional People
  o Sales Managers
  o Advertising Managers
  o Sales Promotion Managers
did Nov 20th
-------------------------------------------
Chpt 18
Personal Selling and Sales Management
n
p. 485-492
Steps in the Selling Process
Selling PPT
d
Personal Selling 
mentioned briefly Nov 13
did Nov 20th
  o Prospecting
  o Approach
  o Presentation
  o Demonstration
  o Handling Objections
  o Closing
  o Follow-up

Sales Presentations
  o Prepared Presentations
  o Consultative Selling
  o Selling-Formula Approach
---------------------------------------------
sources of info
---------------------------------------------

---------------------------------------
 
Appendix A
page 55 - 74
in the 10th Ed. text
- discusses how to create a marketing plan in detail

read this for
Nov 

 .
 
James Hov 2017
Seneca Alumni
guest speaker
- personal branding
- social media mktg
Hov - Facebook
Hov - Instagram
Hov - Twitter
Hov - IMDB
.

Mon 09:50 room B3090
Wed 09:50 room B4021
Sept 4 Wed
Sept 9 Mon
Sept 11 Wed
Sept 16 Won
Sept 16 Mon
Sept 18 Wed
Sept 23 Online class
Sept 25
Sept 30
Oct 2
Oct 7 WTGR back
Oct 9
Oct 14 Thanksgiving
Oct 16
Oct 21 - 25 Break Week
Oct 28 Mon Q1
Oct 30 Wed Q2
Nov 4 Mon Q3 prof sick
Nov 6 Wed
Nov 11 Mon
Nov 13 Wed
Nov 18 Mon
Nov 18
Nov 20
Nov 25
Nov 27
Dec 2
Dec 4
Dec 8 - Dec 13 exam week

Dec 16th grades due

old Assignment 2
http://www.youtube.com/watch?v=bcuw9bMYgHY http://www.youtube.com/watch?v=8tXadb6IsKI http://www.youtube.com/watch?v=Zh_3o1npTEg http://www.youtube.com/watch?v=k1w28eG3jyA http://www.youtube.com/watch?v=xRrPMWWENhM http://www.youtube.com/watch?v=TI8JxwBvnII http://www.youtube.com/watch?v=wCxYyI_iWj0
Read The Newspaper
Part 1
Read The Newspaper
Part 2
getting rich on the stock market
Read The Newspaper
Part 3
learn an
Industry Sector
Read The Newspaper
Part 4
Business magazines
are important
Earning
Class
Participation
Marks
- basics
Class
Participation
- how you earn the highest marks
Class
Participation
- how they are calculated
- the numbers
..
http://www.youtube.com/watch?v=LxguksrUZfk http://www.youtube.com/watch?v=B7e9WSnC0Tk http://www.youtube.com/watch?v=ybZbld2gyLI http://www.youtube.com/watch?v=bsPyhq52IwU
Group Work
- what the Report should look like
- binding, pages, table of contents
Group Work / Reports Part 2
The importance of using "Mature Language" in your writing
Group Work / Reports Part 3
important considerations
Group Work / Reports Part 4
Coordinating the submission
Communication w group members

Professionalism:  All students are expected to demonstrate professionalism, as outlined in the document, Marketing Programs: Guidelines and Policies on Professionalism.

Failure to demonstrate the required professionalism will result in a deduction of up to 10% from the final grade for the course.  Alternately, demonstrating exceptionally strong professionalism can result in an increase of up to 5% in the final grade.  The Marketing Programs: Guidelines and Policies on Professionalism document will be provided by your Professor.
Please refer to it for additional information.

the Learning Outcomes below in red font direct from the 2018 Sept MRK106 Outline

Upon successful completion of this subject the student will be able to:

1. Explain how the marketing mix (4Ps: product, price, promotion, and place) meets the needs of a target market.
2. Explain the role of market segmentation, target marketing and positioning in marketing strategy development.
3. Examine the trends and forces in the external marketing environment and how they affect marketing decision making.
4. Discuss how consumer product classifications, the product life cycle (PLC) and the consumer adoption process affect marketing strategy decisions.
5. Describe the new product development process.
6. Explain how ethics and social responsibility play an important role in the field of marketing.
7. Discuss marketing from a global perspective.
8. Describe how business markets differ from consumer markets.
9. Examine the role of market research in order to gain insights and take marketing actions.

1. 4Ps
2. Who you sell to
3. 6 Environments
4. PLC
5. new products
6. ethics
7. international
8. B2C versus B2B (and B2G)
9. market research
 
 
MRK 106 2019
Chapters covered
MRK 200 2019
Chapters covered

2 4 P's (Product, Price, Promotion, Place)
3 6 Environments
4 Ethics and Social Responsibility
5 Consumer Behaviour
6 Organizations as customers, NPO, Govt
7 Global Markets

...Mid Term....

8 Marketing Research
9 Target Market Segmentation 
10 Developing New Products
13 Pricing
15 Retailing
16 IMC integrated Marketing Communications
- and Direct Marketing
20 Social Media
 

2 Successful Marketing Strategies
8
3 6 Environments
5 Buyer Behaviour
6 Organizations as customers, NPO, Govt
9 Target Market Segmentation 
Appendix A p. 54 10th Ed.
10
11
12 Managing Products & Brands (new), Pricing Products & Services
13 Financial Aspects of Marketing: P&Ls (New) Market Share, Projections, P&Ls, Incrementality, Gross Margin, Retail Margin, estimating End-Price.
Appendix B
SWOT

...Mid Term....

14 Pricing of Products, Managing Marketing Channels & Supply Chains
15 Retailing
16 IMC integrated Marketing Communications
- and Direct Marketing
20 Social Media
17 Advertising, Sales Promotion
18 Personal Selling, Sales Management
1
 


 
MRK 106 
Chapters covered
MRK 200 
Chapters covered

2 4 P's (Product, Price, Promotion, Place)
3 6 Environments
9 Segmentation p. 229-242
5 Consumer Behaviour
10 Product
11 Product, PLC, Branding
14 Marketing Channels
15 Retailing
16 IMC Integrated Marketing Communications
17 Promotion - Advertising, PR
13 Price Setting
2 p. 27-46
6 B2B
3 6E's (PEST) + Competition
8 Market Research p. 201-207
1 Goals and Objectives p. 32-34
9 Segmentation p. 230-234, 238-241, 243-245
11 Product/Branding page 290-302
18 Personal Selling page 485-492
13 Sales Promotion page 352-354
9 Sales Forecasting page 245-247
19 Planning page 514-515, 518-527
2 Implementation page 47-49

 

Marketing is NOT only Advertising
(optional reading of an "adult" nature discussing in a funny way the various marketing terms)
.
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