Students explore all aspects of marketing from a global perspective to better respond to international opportunities and competitive situations. Topics include an overview of international marketing; social, cultural, political, and legal environments; international market-entry opportunities; planning and managing market entry strategies and products; global distribution and pricing; international promotion, sales, and negotiation; and international market planning.
MKTG 2431 - Marketing, and IBUS 3511 - International Business
Upon completion of this course, students should be able to:
- Apply the key terms, definitions, and concepts used in marketing with an international perspective.
- Compare the value of developing global awareness vs. a local perspective in marketing.
- Evaluate different cultural, political, and legal environments influencing international trade.
- Distinguish the advantages and disadvantages Canadian products and services possess in international marketing in both emerging markets and mature markets.
- Explain the impact of global and regional influences on products and services for consumers and businesses.
- Apply basic internationally oriented marketing strategies (total product concept, pricing, place, and promotion).
- Develop creative international market entry strategies.
- Understand the importance of the Internet for global business.
- Explain the differences in negotiating with marketing partners from different countries and the implications for the marketing strategies (4Ps).
- Develop an effective international marketing plan for use in a foreign market.
Module 1: Introduction to International Marketing
- Topic 1: Scope of International Marketing
- Topic 2: Economic Environment and International Trade
- Topic 3: Influence of the Canadian National Identity on the Marketing of Products
- Topic 4: International Marketing: Why It Matters
Module 2: The International Marketing Environment
- Topic 1: Social and Cultural Considerations in International Marketing
- Topic 2: Assessing the Political Environment
- Topic 3: The International Legal Environment
Module 3: Assessing International Market-Entry Opportunities
- Topic 1: Assessing International Opportunities through Marketing Research
- Topic 2: Emerging Markets
- Topic 3: Multinational Market Regions and Market Groups
Module 4: Planning and Managing Market Entry Strategies and Products
- Topic 1: International Marketing Management
- Topic 2: Marketing Consumer Products and Services Globally
- Topic 3: International Business-to-Business Marketing
Module 5: Global Distribution and Pricing
- Topic 1: Channels of International Distribution
- Topic 2: Marketing Logistics and Exporting
- Topic 3: International Pricing Strategies
Module 6: International Promotion, Sales, and Negotiation
- Topic 1: Global Marketing Communication and Advertising
- Topic 2: International Selling and Sales Management
- Topic 3: Negotiation with International Customers, Partners, and Regulators
Module 7: International Marketing Plan
- Topic 1: International Marketing Planning Process
- Topic 2: Outline of an International Marketing Plan
Maximum Completion30 weeks.
Required Text and Materials
Cateora, P. Papadopoulos, N. Gilly, M. Graham, J. International Marketing. 3rd Canadian Edition. Toronto, ON: McGraw-Hill Ryerson, 2011.
Type: Textbook, ISBN: 978-007013679-3
Computer with internet access is required.
Open Learning Faculty Member Information
An Open Learning Faculty Member is available to assist students. Primary communication is through the Learning Management System's "Mail" tool or by phone. Students will receive the necessary contact information when starting the course.
To successfully complete the course, students must achieve a passing grade of 50% or higher on the overall course, and 50% on the final mandatory exam. Students who fail to submit an assignment or complete a quiz will be assigned a grade of zero for the missing work.
The final grade for the course is determined on the following basis:
|Assignment 1: Profile||10%|
|Assignment 2: Analysis||10%|
|Assignment 3: Strategies||20%|
|Assignment 4: Plan||10%|
|Final Exam *||40%|