Course Title: Evaluate international marketing opportunities
Part B: Course Detail
Teaching Period: Term2 2016
Course Code: MKTG7916C
Course Title: Evaluate international marketing opportunities
School: 650T Vocational Business Education
Campus: City Campus
Program: C6145 - Advanced Diploma of Marketing
Course Contact: Tim Wallis
Course Contact Phone: +61 3 9925 5423
Course Contact Email: timothy.wallis@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Chris Lee
Nominal Hours: 60
Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.
Pre-requisites and Co-requisites
None
Course Description
This unit describes the skills and knowledge required to evaluate the international environment, identify market factors and risks, and to assess viability of international marketing opportunities.
It applies to experienced individuals who use specialised knowledge to evaluate the international business environment in preparation for entering an international or export market for the first time, or to identify new marketing opportunities in markets in which their organisation already has a presence.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
BSBMKG605 Evaluate international marketing opportunities |
Element: |
1. Review global market environment |
Performance Criteria: |
1.1 Assess international trade patterns and identify their likely importance for the business 1.2 Research international business and electronic commerce market factors, and assess opportunities to enter, shape or influence the market for their likely contribution to the business 1.3 Identify international markets operating under free trade or protectionist arrangements and estimate likely ease of entering and trading successfully 1.4 Identify international trade policies and agreements and estimate their likely impact on international marketing opportunities |
Element: |
2. Assess international business and electronic commerce market factors |
Performance Criteria: |
2.1 Identify and analyse impact of economic, political, social and cultural factors affecting international marketing opportunities 2.2 Investigate international market trends and developments to identify market needs relevant to the business 2.3 Identify new and emerging business and electronic commerce markets, and assess opportunities to enter, shape or influence markets based on their fit with business goals and direction, and their likely contribution to the business |
Element: |
3. Identify risk factors for international marketing opportunities |
Performance Criteria: |
3.1 Analyse and rate acceptability of political, financial stability and corruption risk factors of potential market 3.2 Analyse and rate acceptability of legal and regulatory requirements, and trade barriers to potential market 3.3 Relate risk factors to international business cycles in terms of economic conditions and estimate their impact on potential market |
Element: |
4. Investigate international business and electronic commerce marketing opportunities |
Performance Criteria: |
4.1 Identify and analyse international marketing opportunities according to their likely fit with the organisation's goals and capabilities 4.2 Evaluate each opportunity to determine its impact on current business and customer base 4.3 Use an assessment of costs, benefits, risks and opportunities to determine financial viability of each marketing opportunity 4.4 Determine probable return on investment and potential competitors 4.5 Describe and rank marketing opportunities in terms of viability and likely contribution to the business |
Learning Outcomes
This course is structured to provide students with the optimum learning experience in order to demonstrate the skills and knowledge required to evaluate the international environment, identify market factors and risks, and to assess viability of international marketing opportunities.
Details of Learning Activities
This course is co-delivered and co-assessed with MKTG7917C Manage International marketing program
A range of learning activities are planned for this course including self-paced and collaborative classroom based activities.
The self-paced activities will be delivered through various technology platforms and include your contribution to tutorial activities and interactive sessions.
The collaborative classroom based activities will include group discussion, group problem solving activities and opportunities to practice your skills in a simulated/real workplace environment.
We expect you to participate and contribute in all scheduled learning activities.
Teaching Schedule
Week |
Starting |
Topic |
1 |
4 Jul |
Course Overview |
2 |
11 Jul |
Economic environment of int’l marketing |
3 |
18 Jul |
Political & legal environment of int’l marketing Natural & Technological environment of int’l marketing |
4 |
25 Jul |
Cultural influences on Int'l marketing
|
5 |
1 Aug |
Risks assessment & risk management strategies
|
6 |
8 Aug |
Student consultation session - Assessment Task 1 |
7 |
15 Aug |
Market entry and expansion strategies |
8 |
22 Aug |
Int'l product & service strategies |
|
29 Aug |
Mid-semester break |
9 |
5 Sep |
|
10 |
12 Sep |
Int'l pricing |
11 |
19 Sep |
International promotion mix and advertising strategies |
12 |
26 Sep |
Implementation, organizing and control |
13 |
3 Oct |
Student consltation session (Assess.Task 2) |
14 |
10 Oct |
Student consultation session - Assess. Task 3 |
15 |
17 Oct |
Oral class presentation to the teacher |
16 |
24 Oct |
|
Learning Resources
Prescribed Texts
TBA |
References
• Czinkota M., Ronkainen, I, Brady, C., Beal, T. (2008), International marketing, asia pacific ed., Thomson |
Other Resources
Overview of Assessment
This course is co-delivered and co-assessed with BUSM7917C Manage International Marketing Program
Assessment Methods
Assessment methods have been designed to measure achievement of the requirements in a flexible manner over a range of assessment tasks, for example:
- direct questioning combined with review of portfolios of evidence and third party workplace reports of on-the-job performance by the candidate
- review of final printed documents
- demonstration of techniques
- observation of presentations
- oral or written questioning to assess knowledge of software applications
You are advised that you are likely to be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met.
Performance Evidence
Evidence of the ability to:
- document and present an evaluation of various international marketing opportunities including:
- analysis of global business environment
- assessment of social, cultural, political and economic factors impacting selection of market opportunities
- risk assessment for each opportunity considered
- analysis of financial viability of selected international marketing opportunities.
Knowledge Evidence
To complete the unit requirements effectively, you must:
- outline relevant Australian and international standards, policies and guidelines, including those covering:
- environmental matters
- human rights
- labour relations
- packaging
- risk management - electronic commerce
- identify and explain key provisions of relevant legislation and codes of practice affecting aspects of marketing operations
- explain the role of the Organisation for Economic Co-operation and Development (OECD)
- identify and describe key features of the country or countries being considered for market entry or penetration, including:
- cross-cultural communication and negotiation styles
- global and country specific economic, social and industry directions, trends, practices and techniques.
Feedback
Feedback will be provided throughout the semester in class and/or online discussions. You are encouraged to ask and answer questions during class time and online sessions so that you can obtain feedback on your understanding of the concepts and issues being discussed. Finally, you can email or arrange an appointment with your teacher to gain more feedback on your progress.
You should take note of all feedback received and use this information to improve your learning outcomes and final performance in the course.
Assessment Tasks
This course is co-delivered and co-assessed with MKTG7916C Evaluate International Marketing Opportunities
Students are required to complete 3 tasks. You must successfully complete all 3 tasks to be deemed competent in this unit.
Assessment Task 1 - Assessed set activities/exercises
Date handed out: Week 1
Date and time due: Week 6
Group or individual: Individual submission of 2 out of 6 activities completed as a group of max 3 students.
Purpose: This assignment will allow you to demonstrate an understanding of reviewing the global market environment, assess and investigate international business and e-commerce market factors & marketing opportunities and key provisions of relevant legislation that may affect aspects of business operations within Australia and internationally.
Requirements: You will undertake a set of activities in class as groups of 3 students. Each student in the group will take responsibility for completion and submission of 2 unique activities for that group. Maximum word limit for each question is 500 words. Only include key points. Each activity/exercise must have it’s own reference section. Include a reference page.
Assessment Task 2 - Evaluate the international environment.
Date handed out: Week 1
Date and time due: Week 13
Group or individual: Group of no more than 4 students
Purpose: This assignment will allow you to demonstrate an understanding of how to evaluate the international environment, to identify market factors and risks, to assess the viability of international marketing opportunities, to manage international marketing activities including setting marketing objectives and strategies.
Requirements: The second assessment task will require students to work in designated groups on a WIL (work integrated learning) project. Students will present their findings in a professionally prescribed written document. Much of this work will be undertaken both outside of class time and in the “Practical Sessions”. Students are encouraged to use all the resources at their disposal to provide professionally reasoned solutions to the problems given
Assessment Task 3 - Oral presentation
Date handed out: Week 13
Date and time due: Week 15
Group or individual: Individual oral class presentation
Purpose: This assignment will allow students to present their proposed international marketing plan highlighting their findings with emphasis on marketing strategies and implementing marketing activities.
Requirements:The third assessment tasks will require students to present their WIL project covering key elements of internal and external marketing environment, marketing goals and objectives, marketing strategies & tactics and implementation of marketing activities.
Students are required to submit a hard copy of their oral presentation slides on the day of the oral presentation to the teacher prior to presenting. Students are to dress in an office or business attire and to present themselves in a professional manner for their oral client presentation. Maximum time limit for your oral presentation is 20 minutes.
Submission Requirements
You should:
• Ensure that you submit assessments on or before the due date.
• Always retain a copy of your assessment tasks. (hard copy and soft copy)
• When you submit work for assessment at RMIT University you need to use a cover sheet that includes a declaration and statement of authorship. You must complete, sign and submit a cover sheet with all work you submit for assessment, whether individual or group work. On the cover sheet you declare that the work you are presenting for assessment is your own work. An assignment cover sheet for submission of each assessment task is available on blackboard.
• Each page of your assessment should include footer with your name, student number, the title of the assessment, unit code and title and page numbers. For example, Julie Macpherson, 324567, Task 2, OHS2345C Ensure safe workplace, Page 1 of 10.
Assessment Matrix
Marking Guide (Competency): You must demonstrate that you have all the required skills/knowledge/elements in the unit of competency you are studying.
You will receive feedback on each assessment task that will inform you about your progress and how well you are performing.
Marking Guide (Grading): After achieving competency we then grade your performance in the unit and you will achieve one of the following grades:
Final Grades table:
CHD Competent with High Distinction
CDI Competent with Distinction
CC Competent with Credit
CAG Competency Achieved – Graded
NYC Not Yet Competent
DNS Did Not Submit for assessment
Further information regarding the application of the grading criteria will be provided by your teacher.
Other Information
Late Submission Procedures You are required to submit assessment items and/or ensure performance based assessment is completed by the due dates. If you are prevented from submitting an assessment item on time, by circumstances outside your control, you may apply in advance to your teacher for an extension to the due date of up to seven calendar days.
More Information: http://www.rmit.edu.au/students/assessment/extension
Form to use: http://mams.rmit.edu.au/seca86tti4g4z.pdf
Where an extension of greater than seven days is needed, you must apply for special consideration. Applications for special consideration must be submitted no later than two working days after the assessment task deadline or scheduled examination.
More Information: http://www.rmit.edu.au/browse;ID=g43abm17hc9w
Form to use: http://mams.rmit.edu.au/8a5dgcaqvaes1.pdf
Resubmissions (VET Programs): If you are found to be unsuccessful in a Course Assessment Task you will be allowed one resubmission only. Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission. The highest grade you will receive if your resubmission is successful is “CAG”.
If you are still not meeting the assessment requirements you must apply to your Program Manager in writing outlining the steps you will take to demonstrate competence in your course. Your submission will be considered by the Program Team and you will be advised of the outcome as soon as possible.
Adjustments to Assessment
In certain circumstances students may be eligible for an assessment adjustment. For more information about the circumstances under which the assessment arrangements might be granted please access the following website:
http://rmit.edu.au/browse;ID=7usdbki1fjf31
Course Overview: Access Course Overview