Modules
A. Direct Marketing Essentials (15 hrs)
The course discusses the objectives and underlying principles of Direct Marketing. Case studies of success and failure in Direct Marketing will be presented.
1. What is Direct Marketing
2. Objectives of Direct Marketing
3. Underlying principles of Direct Marketing
4. Case Studies of Direct Marketing
5. Assessment
B. Marketing Strategy and Direct Marketing (15 hrs)
Through the discussion of cases and current business practice in Direct Marketing, the course focuses on the framework of Strategic Marketing and where Direct Marketing fits in. The key theories, models and tools of marketing strategy will be covered with a strong emphasis on their application to Direct Marketing. The students will learn how Direct Marketing can serve as building block for market success.
1. The Framework of Strategic Marketing
2. The Relationship of Direct Marketing to the Strategic Marketing Plan
3. The Process of Direct Marketing Management
4. The Use of Direct Marketing in Marketing Strategy Formulation
5. Assessment
C. Direct Marketing Economics and Marketing Research (15 hrs)
This course aims at providing students technical and quantitative skills in planning and prediction of direct marketing responses. This will allow cost-effective Direct Marketing programs to be formulated. Market research and testing will also be discussed.
1. The Equation of Direct Marketing
2. Understanding the Controllable Variables in Direct Marketing
3. The Importance of Marketing Research and Testing
4. The Process of Marketing Research and Testing
5. The Application of Direct Marketing Economics
D. Consumer Behavior and the Application of Direct Marketing (15 hrs)
Market success highly depends on understanding our customers and applying marketing tools to meet their needs. We need to identify and target different customer groups. Each group can have distinct characteristics and behavior: no one marketing strategy will fit all. Segmentation and positioning strategies need to be considered. Knowing customer behavior, we can target our marketing program by applying Direct Marketing techniques accurately.
1. Fundamental Concepts and Theories in Consumer Behavior
2. Target Marketing (Segmentation, Target and Positioning)
3. The Application of Direct Marketing in STP and Differentiation
4. Case Studies in Applying Consumer Behavior Theories in Direct Marketing
5. Assessment
E. Market Communication and Direct Marketing (18 hrs)
The course aims to teach students effective market communication skill in Direct Marketing. This can help to conduct business analysis, recruit club members, convince customers, persuade staff, and build a long-term customer relationship. Fundamental concepts and theories will be emphasized. Communication strategy and promotional mix will be discussed. Real business cases will be used for illustration and discussion.
1. Fundamental Concepts and Theories in Communication
2. Communication Strategy and the Promotional Mix
3. Media Plan and Management
4. The Application of Direct Marketing in Marketing Communications
5. Case Studies in Best Practice of Applying Direct Marketing in Marketing Communications
6. Assessment
F. Database Marketing and CRM Database management (18 hrs)
This course teaches database management, and how to build and grow the customer database. By calculating the “customer lifetime value”, students will learn about the company’s greatest asset, namely, its customer database. Customer Relationship Management will be emphasized. The use of customer information in data mining will also be discussed. Students will learn how to apply Direct Marketing in Customer Relationship Management through case studies.
1. What is Database and Data Mining
2. Database Management
3. The Process of Customer Relationship Management
4. The Application of Direct Marketing in Corporate CRM Strategy
5. Executive Briefing and Summary
G. Executive Seminars: Creative Development and Media (6 hrs)
Knowledge of contemporary business practice in Direct Marketing is important for the practitioner. The issues and problems relating to copyright, call center operations, postal mail and internet will be discussed. Executive seminars will allow experience sharing and the development of practical skills in these areas. They will be conducted by scholars and business executives with rich experience in Direct Marketing.
H. Action Learning Project (18 hrs)
This provides an opportunity for the students to apply what they have learned to solve real business problems. It will be led by a panel of APIB lecturers and senior business executives from the supporting organizations.
- Project Briefing: Participants will attend project briefing and selection activities, followed by planning and project orientation sessions. Companies can send teams to work together on a project of interest to the senior management.
- Project Supervision: A minimum of three to five students are required to form a project team, under the joint supervision of one lecturer of APIB and/or one business executive of the supporting organizations.
- Project Topic: The project topic will be given by the supporting organizations.
- Project Duration: The project will last four months. Students are expected to average half a day a week for their team work. Students are encouraged to use the internet to communicate with their supervisors.
- Project Review: At the midpoint of their project, students/groups will review their project during a half day meeting with their advisors.
- Final Presentation and Critique: The project should lead to a real Direct Marketing application. The project will be graded for (1) presentation/critique and (2) a written report. The panel will attend the final presentation and provide critiques. The written report will be graded by the project supervisors.
- Post program Workshop: Advisors will follow up with each team to evaluate its progress in implementing its action plan and provide some guidance.
Total 120 hrs |