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Marketing Decision Analysis

Unit Code: HBM226N




Duration

Contact Hours

Campus

Prerequisite

Corequisite

One Semester or Term

35 Hours

Hawthorn, Sarawak

HBM110N Fundamentals of Marketing

Nil

Credit Points: 12.5 Credit Points


Aims & Objectives:

Upon completing this unit, students should be able to:
  • Understand the range of marketing and management data metrics available
  • Apply different metrics to a variety of business situations
  • Explore the use of a balanced scorecard and marketing dashboards as an aid to decision making
  • Synthesise and apply marketing decisions in a practical situation
  • Develop group work, information seeking and information analysis skills
  • Communicate these principles in a manner appropriate for a business and enterprise environment

Teaching Methods:

Lecture (2 hour), Tutorials (1 hours)

Assessment:

Assignment (individual) (20%), assignment (group) (30%), Examination (50%)

Generic Skills Outcomes:

The graduate attributes which relate to this unit help to produce graduates who are:
  • Capable in their chosen professional, vocational or study areas
  • Entrepreneurial in contributing to innovation and development within their business, workplace or community
  • Effective and ethical in work and community situations
  • Adaptable and able to manage change
  • Aware of local and international environments in which they will be contributing (eg socio-cultural, economic, natural)

Content:

  • The nature of the links between marketing efforts and results
  • How marketing works and how it may be measured
  • The context in which marketers operate, how organisations create value, and how marketing creates value
  • The nature of customer value where benefits are compared to the costs or sacrifices
  • The value of different metrics for assessing outcomes of marketing performance
  • How marketers make resource allocation decisions
  • How marketers may, through planning, put in controls and analyse what has been measured
  • How to use information and data in the marketing environment

Reading Materials:

There are several suitable texts available. A suitable new edition of a text will be chosen and recommended when the unit is about to be delivered.

Recommended Reading:

The extant theory in this area is vast. Students will be advised of appropriate recent relevant reading when the unit is offered. This would be updated each semester.