Current Trends and a Minor in Marketing D, 30 Credits

Contents

The course gives the opportunity to further develop within the major subject in a module on the latest development and in a module on research methodology. The course also gives a minor subject in marketing. The course is given and examined in English.

Generic learning outcome.
In addition to the specific learning outcomes for each module (see below), the course has a number of goals for the development of generic skills. After completing the course, the student should be able to:

• reflect on equality, diversity and multiculturalism multiculturality and work effectively in multicultural teams
• integrate expertise from different knowledge areas in order to identify, analyze and solve organizational problems,
• plan, conduct, and present investigations, both orally and in writing, for an academic audience as well as an audience of business practitioners.

Common expected learning outcome:

• communicate central concepts for the course in English, both orally and in writing

Module 1. Research Methodology in Business Research, 7,5 credits
Module 2. Consumer Behaviour, 7.5 credits
Module 3. Consumer and Market Analysis, 7.5 credits
Module 4. Current Trends in Business Administration, 7,5 credits
 
Module 1. Research Methodology in Business Research, 7,5 credits
The overarching aim of this course is to develop advanced knowledge of perspectives, strategies and design in research. This will increase the student's ability to carry out and assess business research and investigations. Important building blocks are the problem formulation, frames of reference, scientific approaches, including the ontological and epistemological points of departure, and methods for data collection and analysis.
 
Expected learning outcomes:
After completing this module the student should be able to:

• identify and discuss how fundamental assumptions, scientific ideals, perspectives and frames of reference influence a process of scientific knowledge creation
• formulate and argue for relevant research questions, including the theoretical relevance and positioning
• discuss characteristics of research strategies and discuss and evaluate the suitability of qualitative, quantitative, and mixed methods respectively, to solve different research questions
• apply acquired knowledge in the planning, design, implementation and reporting of scientific studies
• demonstrate an ability to assess and discuss social, environmental and ethical aspects of the business research process

Lectures, seminars, practical assignment(s), individually or in groups, and the reading material complement each other to help students to develop deep knowledge of what scientific research in business and management fields is all about.
 
Examination modes
The assessment is based on an individual written hall exam and reporting of individual written assignment(s). Participation at all seminars and presentations is compulsory to pass the module. The final grade is awarded when the student has passed all assignments and compulsory module elements. The course is given and examined in English. Note as well examination modes for the course below.
 
Module 2.   Consumer Behavior, 7.5 credits
For companies to attain commercial success, it is important to understand and have knowledge about consumer behavior. This course module highlights consumers' internal processes and how knowledge of these processes can be useful for choosing appropriate marketing strategies. Theoretical models in marketing that are needed to analyze consumer behavior, practical examples, and research in consumer behavior are discussed during the module.  

Expected learning outcomes
After completing this module, the student should be able to:

• Identify and analyze the internal processes related to consumer behavior.
• Analyze and discuss how theories and models of consumer behavior can be applied for developing value proposals
• Analyze and evaluate consumer behavior from a sustainable perspective according to existent theories and research.
• Critically reflect upon the role of consumption in society.
• Critically assess and evaluate different consumer research methods.

Focus of instruction
Learning is supported by interactive lectures and seminars. The readings and lectures are meant to complement each other. The seminars are intended to help the students to develop a good understanding of what consumer behavior is about in order to apply this knowledge in the different module assignments.

Examination modes
The assessments of the module consist of seminars and written assignments, prepared and presented both individual and in groups, and an individual written hall exam. A passing grade is required for each part of the module. The course is given and examined in English. Note as well examination modes below for the course as a whole.

Module 3. Consumer and Market Analysis, 7.5 credits
While the core principle of marketing is simple "make profit by meeting a need of a customer", translating this principle into a set of strategic and operational decisions is far more complex. This course is designed to provide the students with the concepts and tools to handle this complexity and to offer them the opportunity to actually formulate and implement marketing strategies.  Therefore, this course module involves a comprehensive simulation exercise that facilitates students' development of skills in formulating and implementing marketing decisions in a realistic and data-rich environment. The simulation exercise thus entails that the groups compete with each other. The key areas explored are demand processes, segmentation, positioning, new product introduction, and resource allocation. This course also closely examines how marketing research studies and various marketing indicators can inform strategic and operational decisions.
 
Expected learning outcomes
After completing this module, the student should be able to:

•  Evaluate the contribution of marketing decisions to firm's short- and long-term market and financial performance.
• Apply advanced methods for modeling customer, competitor and market behaviors.
• Establish priorities among and align product portfolio, segmentation, positioning and marketing mix decisions.
• Formulate and implement marketing strategies in a dynamic and competitive environment under conditions of information incompleteness, uncertainty and time pressure.
• Assess the broader societal, environmental and ethical implications of firm's marketing investments.  

Focus of instruction
This course uses one of the most widely used business simulations, as a learning platform. Student teams will run a simulated firm and make different marketing decisions. This module also includes interactive lectures and seminars, and requires significant amount of both independent work and teamwork.

Examination modes
The assessment of this module consists of: (1) an evaluation of group performance that includes simulated firm performance, interim report, marketing plan and a presentation; (2) individual case analysis assignment and (3) individual written exam. A passing grade is required for each part. The course is given and examined in English. Note as well examination modes below for the course as a whole.

Module 4. Current Trends in Business Administration 7,5 credits
The ambition of this module is to identify and uncover current trends. These trends have a strong long-term impact on society at large and thus form future premises and give rise to challenges for businesses. The aim of the module is to explore how business and society interact to tackle such present and future challenges. The expectation is that students participating in this module are well equipped with knowledge and skills related to their own major, one of the five sub-disciplines accounting, entrepreneurship, finance, management, and marketing in Business Administration.

Expected learning outcomes
After completing this module the student should be able to:

• analyse fundamental societal issues and what impact businesses have on these issues 
• identify and evaluate emerging trends in society
• critically discuss business decisions relating to current trends
• evaluate information, knowledge and policy in relation to current trends in terms of validity and reliability
• relate current trends to research in business administration within the field of the student's major
• be able to share multidisciplinary knowledge

Focus of instruction
Learning is supported by lectures, guest lectures and guided exercises. Students are provided with relevant sources of information and scientific literature for supporting individual and  group works related to the themes of lectures and exercises.
 
Examination modes
The main mode of examination is an individual written essay with a subsequent oral examination. The essay requires convincing discussion of the importance and urgency of solving a specific problem related to any of the current trends from the disciplinary perspective of the student's major. Further, the examination consists of individual and group reflection papers related to the various course activities.
Attendance at all work in progress and final presentation seminars, group work and guest lectures related presentation events are mandatory and thus a requirement to pass the course. A passing grade for each graded part of the course is required to pass. The course is given and examined in English. Note as well examination modes for the course below.

Expected learning outcomes

See each separate module.

Required Knowledge

90 credits with a minimum of 75 credits in Business Administration and 30 credits advanced level within the core course in Business Administration at one of the following Master programs in Business Administration  (Management, Finance, Accounting or Business Development) at Umeå School of Business and Economics. 

Proficiency in English equivalent to Swedish upper secondary course English B/6 or equivalent.

Form of instruction

See each separate module.

Examination modes

See each separate module and below.

The following grading system is used:
Pass with distinction (Väl godkänd, VG, 75% or more),
Pass (Godkänd, G, 50% or more)
and Fail (Underkänd U, less than 50%).
 
Grades on the course are awarded when the student has passed all examinations and compulsory course elements. The course is given and examined in English.
To receive the grade Pass with distinction (VG) in the 30 credits course consisting of four modules of the same size, the student must have achieved Pass with distinction (VG) in at least three out of four modules. In shorter courses for example 7,5 credit courses, 15 credit courses or 22,5 credits courses Pass with distinction (VG) is given when the student has achieved at least 75% of the total weighted points.

A student who does not pass the first examination will be offered an opportunity to sit a re- examination within two months. An additional examination opportunity is normally offered every academic year, one week prior to the start of the autumn term. If required by specific circumstances, other form of examination can be used. 

A student that has failed an examination on two occasions has a right to have another examiner or grading teacher appointed, unless there are special reasons against it. A written request addressed to the Director of Studies should be made no later than 14 days before the next examination opportunity. 

Adaptations 
Examiners may decide to deviate from the modes of assessment in the course syllabus. Individual adaptation of modes of assessment must give due consideration to the student's needs. The adaptation of modes of assessment must remain within the framework of the intended learning outcomes in the course syllabus. Students who require an adapted examination - and have received a decision on the right to support from the coordinator at the Student Services Office for students with disabilities - must submit a request to the department holding the course no later than 10 days before the examination. The examiner decides on the adaptation of the examination, after which the student will be notified. 

Academic integrity and cheating 
As a student, you are expected to act with academic integrity. This means writing and presenting within the limits of the academic rules and expectations communicated in the university's regulations and what is otherwise specified by the responsible department. Disciplinary action may be taken against students who use unauthorized help aids or in some other way try to mislead on a test or on another type of task for examination. Rules and regulations concerning the production of academic texts and correct referencing will be applicable to written assignments. Submitted material may be subject to plagiarism control. In addition, Umeå University rules and regulations for education and research apply.

Other regulations

Academic credit transfers are according to the University credit transfer regulations.

This course can not be included in the degree together with 2fe199, 2fe177, 2fe179