Course Title: Analyse data from international markets

Part B: Course Detail

Teaching Period: Term2 2018

Course Code: MKTG7888C

Course Title: Analyse data from international markets

School: 650T Vocational Business Education

Campus: City Campus

Program: C5372 - Diploma of International Business

Course Contact: Suzanne Maugeri

Course Contact Phone: +61 3 9925 1466

Course Contact Email: suzanne.maugeri@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

 

Course Contact: Joe Rosagrata

Email: joe.rosagrata@rmit.edu.au

ph: 99255476

Nominal Hours: 50

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 analyse data from international markets.

It applies to individuals who possess a sound theoretical knowledge base in international business management and who have a range of managerial skills to ensure business activities are conducted effectively.

In this role, individuals specifically interpret international market trends, monitor competition and report on market data. Typically, they work as supervisors and lead teams in conducting international business activities.


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBMKG511 Analyse data from international markets

Element:

1. Interpret trends and market developments

Performance Criteria:

1.1 Use statistical analysis of Australian and international market data to interpret international market trends and developments

1.2 Analyse trends and developments within Australia and relevant international settings for their potential impact on international business activity within target market

1.3 Identify aspects of culture that may impact international business activity within target market

1.4 Use measures of central tendency/dispersion and correlations between sets of data for quantitative interpretation of comparative international market data

1.5 Perform qualitative analysis of comparative international market information as a basis for reviewing business performance in international settings

Element:

2. Interpret competitor market performance

Performance Criteria:

2.1 Analyse international market performance of existing and potential competitors and their products or services to identify potential opportunities or threats

2.2 Compare international business performance to that of competitors to identify market position

Element:

3. Report market data

Performance Criteria:

3.1 Prepare, plot and interpret data for visual presentation

3.2 Assess visual presentation for potential problems and take corrective action if necessary

3.3 Ensure report meets organisational requirements for content, format and level of detail

3.4 Submit report within the required time frame


Learning Outcomes


This course is structured to provide students with the optimum learning experience in order to demonstrate the skills and knowledge required to analyse data from international markets.


Details of Learning Activities

A range of learning activities are planned for this course including self-paced and collaborative classroom based activities.

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

The Teaching Schedule for this course is as follows but please note that it is subject to change. 

The nominal hours associated with this are a guide only and represent the total teaching time and student effort required to successfully complete the course. This may include not only scheduled classes bit also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities. 

Week

Week Commencing

Topics

Assessment

1

2nd July

Introduction to the Course including:

  • Course requirements
  • Course support documents
  • Course Canvas access
  • Accuracy of enrolment
  • Assessment requirements/Cover Sheets
  • Reminder re Plagiarism
  • Reminder re Appeals
  • Extensions/Resubmissions
  • Feedback in this course
  • Reminder re submission requirements
  • Getting help
  • Introduction to course

Assessment Guide Handout & Discussion

2

9th July

Identify market opportunities

 

3

16th July

Marketing information systems and Regulatory and Legal (considerations)

 

4

23rd July

Trade-map Data sets – analysing the global market

 

5

30th July

Workshop - Trends  applicable to (Mktg Mix) data-sets

 

6

6th August

 

Segmentation & Mktg Mix (cont)

 

7

13th August

Market Trends & PLC

Task 1 Due

You will receive the feedback in week 9.  If required, re-submission for this assessment is due by the end of week 10.

8

20th August

SWOT & PESTE (market analysis) 

 

 

 

 

Mid semester break 27th August - 2nd Sept 

 

9

3rd Sept

STATS

Task 1  - Feedback

10

10th Sept

Budgets and Trends Analysis

Task 1 - Re-submission

11

17th Sept

Workshop

 

12

24th Sept

Sales/market analysing (market tends/peste search 1)

 

13

1st oct

Assignment – Workshop (market tends/peste search 2)

 

14

8th Oct

Revision and Review (market tends/peste search – 3)

Task 2 Due

You will receive the feedback in early week 16.  If required, resubmission for this assessment is due by the end of week 16.

15

15th Oct

Resubmissions and resits/revision

 

16

22nd Oct 

Interviews and Final Feedback

 

 




Learning Resources

Prescribed Texts


References


Other Resources

Based  class material (provided) also student directed learning and support         

Relevant learning resources will be placed on the online learning hub (Blackboard) progressively throughout the semester. You will need to access this site on a weekly basis to ensure that you keep up to date with important information related to this course.


Overview of Assessment

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:

  • analyse market data to inform marketing activities in an international context
  • produce a marketing plan containing a comprehensive analysis of trends, developments and competitor performance data.

Knowledge Evidence

To complete the unit requirements effectively, you must:

  • explain cultural, historical, political, economic and general knowledge of international events that may impact international business activity
  • identify sources of external and internal information on international markets
  • explain research, data analysis and statistical analysis techniques relevant to market data.

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

In order to be deemed competent in this course the two assessment tasks must be successfully completed.

Assessment Task 1 – (Write Opportunity Report) – Identify Austrade product data

Date handed out:  Week 2

Date and time due:  Week 7

Group or Individual: This assessment should be conducted as an individual assessment.

Purpose: 
This assessment aims to identify student’s ability to analyse secondary data and interpret trends for international market opportunities. This will provide students with a working knowledge of real-world international market data.

 

Assessment Task 2 –  Identify Target Market and Segments for an International Market - Report

Date handed out:  Week 7

Date and time due:  Week 14

Group or Individual: This assessment should be conducted in groups of 4 only                 

Purpose:
This assessment aims to identify student’s ability to apply analysis of secondary data and trends for international market opportunities and suggest which markets and segments should be adapted as marketing considerations. This will provide students with a working knowledge of real-world international market forecast data and application for products opportunity in a real-world scenario.

 


Assessment Matrix

For these  assessment tasks you need to draw upon what you have learned throughout the unit.

 

Assessment Matrix 

The assessment matrix that maps all the assessment is available on CANVAS.

 

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 the Assessment task document that includes a declaration and statement of authorship.
  • 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.

 

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 Informationhttps://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/extensions-of-time-for-submission-of-assessable-work

 

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:https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/special-consideration

 

Resubmissions
If you are found to be unsuccessful in a particular Course Assessment Task (or you do not submit/attend) you will be allowed one resubmission.  Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission. 

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.

 

Grading & re-submissions
Successful re-submissions will contribute a CAG only (Competency Achieved Grading) result to your overall grade for the course.

 

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:

https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/adjustments-to-assessment

 

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

CA

Competency Achieved – Not 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.

 

 

Further information regarding the application of the grading criteria will be provided by your teacher.

Other Information

Academic Integrity


Plagiarism
Plagiarism is a form of cheating in assessment and may occur in oral, written or visual presentations. It is the presentation of the work, idea or creation of another person, without appropriate referencing, as though it is your own.


The penalties for cheating in assessment are severe, whether the cheating involves plagiarism, fabrication, falsification of data, copyright infringement or some other method. Penalties can include charges of academic misconduct, cancellation of results and exclusion from your course. It is also a disciplinary offence for you to allow your work to be plagiarised by another student.

 

Referencing
RMIT Business produce their own referencing guidelines entitled written reports and essays: guidelines for referencing and presentation in RMIT Business which all Business students should use.


RMIT Business referencing guidelines (RTF, 1,286 KB, 52 pages); A supporting Referencing website has been developed for the RMIT Business guidelines.You can find out more about Academic Integrity at RMIT’s Academic Integrity webpage.

 

Group Assessment
A number of your assessments will rely upon group work. This is a critical part of your program as in the workplace you will be regularly required to work in a team environment. Teamwork is also one of the key employability skills for this qualification.

 

The key to being successful in group work is getting to know your classmates and finding out what they want to achieve. You should seek to find a team which shares your key interests and drivers.

If you are facing issues with your group, the key is to resolve them quickly well before assessments are due. If you need to you can seek support from your teacher.

 

Course Overview: Access Course Overview