Course Title: Evaluate international marketing opportunities
Part B: Course Detail
Teaching Period: Term2 2014
Course Code: MKTG5843C
Course Title: Evaluate international marketing opportunities
School: 650T TAFE Business
Campus: City Campus
Program: C6092 - 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
David Plowman
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 required
Course Description
This unit applies to senior marketing or management personnel who are required 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: |
BSBMKG605B Evaluate international marketing opportunities |
Element: |
1. Review the global market environment |
Performance Criteria: |
1.1. Assess international trade patterns and identify their likely importance for 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 for potential market |
Element: |
4. Investigate international business and electronic commerce marketing opportunities |
Performance Criteria: |
4.1. Identify and analyse international marketing opportunities in terms of their likely fit with the organisation's goals and capabilities |
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 market on international marketing opportunities |
Learning Outcomes
This unit describes the performance outcomes, skills and knowledge required to evaluate the international environment, to identify market factors and risks, and to assess the viability of international marketing opportunities.
Details of Learning Activities
In class discussion and debate, research case study activities and relevant work related assessments
Teaching Schedule
| Week | Date | Topic |
| 1 | 7 July | (1) Subject Introduction • Course delivery and assessment details • Course support documents • Student responsibilities (2) Pre-Training Review • Includes skills analysis and Recognition of Prior Learning and Credit Transfers (3) Course Overview and Introduction to International Marketing |
| 2 | 14 July | Potential market assessment |
| 3 | 21 July | Economic environment of int’l marketing |
| 4 | 28 July | Political & legal environment of int’l marketing |
| 5 | 4 Aug | Political & legal environment of int’l marketing |
| 6 | 11 Aug | Natural & Technological environment of int’l marketing |
| 7 | 18 Aug | Cultural influences on Int’l marketing |
| 8 | 25 Aug | International market research |
Sept 1-7 mid Semester Break |
||
| 9 | 8 Sept |
Market entry and expansion strategies |
| 10 | 15 Sept | Risks assessment & risk management strategies |
| 11 | 22 Sept | International product & service strategies, distribution operations and logistics |
| 12 | 29 Sept | International pricing and promotional mix & advertising strategies |
| 13 | 6 Oct | Subject review |
| 14 | 13 Oct | Assignment submission and consultation - (trial presentations) |
| 15 | 20 Oct | Oral presentation and questioning |
| 16 | 27 Oct | Resubmissions |
This unit is codelivered and coassessed with BUSM6263C Manage International Marketing Program
Learning Resources
Prescribed Texts
No formal texbook is required. Texts will be provided by RMIT |
References
Other Resources
Overview of Assessment
Students must demonstrate an understanding of all elements of a particular competency to be deemed competent. Assessment methods have been designed to measure achievement of each competency in a flexible manner over a range of assessment tasks.
Assessment will incorporate a variety of methods including assignments, journals, presentation and written or test. Students are advised that they are likely to be asked to personally demonstrate their assessment work to their teacher to ensure that the relevant competency standards are being met.
Assessment Tasks
This course has 2 assessment tasks. You are required to successfully complete all assessment tasks to be deemed competent in this unit. This unit is codelivered and coassessed with BUSM6263C Manage International Marketing Program
You are required to submit assessment items and/or ensure performance based assessment is completed by the due dates.
Assessment Task 1 – Journal
Date handed out: Week 3
Date and time due: Week 9
Group or Individual: This assignment is to be completed individually / This is a group assessment to be completed in groups of no more than 4 persons.
Purpose:
As a marketing manager you will be required 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.
Requirements:
You are required to research answers to a set of activities which analyses international trade markets, trade patterns, identify and evaluate market attractiveness. Maximum word limit for each question is 500 words.
Assessment Task 2 – Major Report
Date handed out: Week 1
Date and time due: Week 14
Group or Individual: This is a group assessment to be completed in groups of no more than 3 persons.
Purpose:
As a marketing manager you will be required to manage international marketing activities including evaluating international marketing opportunities, setting marketing objectives and determining the approach and operational structure for an organisation marketing internationally.
Requirements:
Choose an Australian product or service of your choice and use this product for your assignment (you may use your client from last semester). You are required to write a report on the possibility of expanding the business internationally, and present this report to the class.
Assessment Matrix
Marking Guide (competency):
Vocational Education and Training (VET) is based on current industry needs and the focus on preparing you for the workplace. Because VET courses are informed by practical application of knowledge and skills, they are based on a system known as ‘competency based training’ (CBT). So when you are assessed in VET it is about whether you are competent to do the job, as well as having a firm grasp on the knowledge and skills required to do that job, as opposed to traditional curriculum based education settings that are often based on knowledge retention.
You need to demonstrate you are competent in each element of the unit of competency you are studying.
You will receive feedback on each assessment task that will inform you whether you are competent or not and how well you are performing. Once competent in all elements of the unit you receive a competency grading.
Marking Guide (Grading)
After achieving competency we then grade your performance in the unit; this gives you the opportunity to have the level of your performance formally recognized against industry standards and employability skills.
You will be provided with an assessment matrix in the assessments area of the unit blackboard shell. Generally, your grading will be assessed against how well you demonstrate:
• Perform the activities as required by the learning elements of this unit of competency.
• Demonstrate the required knowledge for this unit of competency.
• Execute the required skills for this unit of competency.
• Demonstrate your employability skills through contribution to learning activities related to this assessment, timeliness, use of technology and teamwork.
Final Grades table:
DNS - Did not submit for assessment
NYC - Not yet competent
CAG - Competency achieved – graded
CC - Competent with credit
CDI - Competent with distinction
CHD - Competent with high distinction
Other Information
Submission requirements:
You are required to meet the following criteria for all assessments. Failure to do so may result in you being deemed not-yet-competent:
• Submit all assessment tasks online through blackboard, and include the RMIT e-submission declaration (see below).
• Ensure that you submit assessments on or before the due date.
• Retain a copy of your assessment tasks.
Electronic Submission
When submitting work online, you need to include the cover sheet supplied by your teacher. This includes the following declaration:
RMIT Electronic Submission of work for assessment
I declare that in submitting all work for this assessment I have read, understood and agree to the content and expectations of the assessment declaration.
(URL: http://www.rmit.edu.au/students/assessment/declaration)
Resubmissions:
If you are found to be Not Yet Competent (NYC) in an Assessment Task you will be allowed one resubmission to demonstrate competence. 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”.
Late Submissions
Students are required to submit assessment items and/or ensure performance based assessment is completed by the due dates. If a student is to be prevented from submitting an assessment item on time, by circumstances outside their control, they may apply in advance to the teacher for an extension to the due date of up to seven calendar days. To be eligible for an extension, you must lodge the extension form availabile at the following link with your teacher: http://www.rmit.edu.au/students/assessment/extension
Where an extension of greater than seven days is needed, the student 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 on special consideration and how to apply can be found here: http://www.rmit.edu.au/students/specialconsideration
Final Date for All Assessments
No assessment tasks or resubmissions will be accepted after 5pm Friday, week 16.
Adjustments to Assessment
In certain circumstances students may be eligible for an assessment adjustment. Information on circumstances under which the assessment arrangements might be granted can be found at the following website: http://www.rmit.edu.au/students/assessment/adjustment
Course Overview: Access Course Overview