AMB140 Marketplace Simulation


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Unit Outline: Semester 1 2024, Gardens Point, Internal

Unit code:AMB140
Credit points:12
Equivalent:AMB240, AMX240
Coordinator:Amanda Beatson | a.beatson@qut.edu.au
Disclaimer - Offer of some units is subject to viability, and information in these Unit Outlines is subject to change prior to commencement of the teaching period.

Overview

AMB140 Marketplace Simulation follows the introductory marketing unit in the marketing major and minor and provides a focus on the implementation and evaluation of the marketing plan at a small business level. Emphasis is placed on the responsibilities within a marketing team for planning, developing, organising, implementing, controlling, and evaluating marketing activities. The unit prepares students for other marketing units in the major. 

Learning Outcomes

On successful completion of this unit you will be able to:

  1. Analyse the marketing environment to identify viable marketing opportunities and implement marketing solutions that create value for customers in the real world.
  2. Perform market segmentation, competitor analysis, marketshare calculation, sales forecasting, marketing metrics and financial analysis of marketing data.
  3. Exercise self-reflection, responsibility and accountability in relation to learning and professional practice.
  4. Evaluate and communicate opportunities and challenges inherent in planning, implementing, controlling, and evaluating marketing performance in contemporary business practice.
  5. Work effectively as a team to present business ideas, implement sales and promotion tactics, and communicate with stakeholders.

Content

This unit builds foundational marketing knowledge and skills by engaging students in the development and marketing of a new product. Students apply their real-world skills in a video presentation marketing pitch with the opportunity to invent a new product. Within groups, a complete marketing plan is then developed with students analysing the environment and market for this product and developing a strategy for launching the product.

The topics covered in the lectures and tutorials provide students with the necessary information to successfully complete assessment. These topics consist of all aspects of marketing planning and implementation. The generic capabilities this unit develops are problem-solving, critical thinking, application and communication skills.

QUT Business Capabilities (Undergraduate)

The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.

Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.

Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.

Professional Communication (PC)
3
.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.

Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.

Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.

Learning Approaches

The learning experiences in the class are organised using weekly lectures and tutorials to apply the content to the assessment. 

The lectures reflect contemporary thought regarding marketing concepts, practice and theory. Examples and illustrations incorporate both Australian and international practice. 

This unit has a high focus on active learning. The activities in the tutorials are closely aligned with the assessment tasks thus it is highly recommended that students attend tutorials. This is not a unit where class attendance can be minimised. There is a strong emphasis on teamwork as this reflects the real-world practice of marketing.  

Feedback on Learning and Assessment

Feedback will be given at individual, group and class levels.

  • Informal: worked examples, such as verbal feedback in class, personal consultation
  • Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
  • Direct: to individual students, either in written form or in consultation
  • Indirect: to the whole class

Assessment

Overview

Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.

Unit Grading Scheme

7- point scale

Assessment Tasks

Assessment: Marketing pitch

Students will be given a product category and are to develop and market a new product within this category. Students are to prepare and present a marketing pitch via video submission according to the guidelines given in the marketing pitch instructions. This will include analysing the marketing environment and undertaking market segmentation and developing marketing strategies to ensure product viability. Students are required to present a prototype of their product.

Formative or Summative: Formative and Summative

Business Capabilities (AoL goals): KS (1.1), HO (2.1), HO (2.2), PC (3.2)

This assignment is eligible for the 48 hour late submission period and assignment extensions.

Weight: 30
Length: 15 Minutes
Individual/Group: Individual
Due (indicative): Week 6
Related Unit learning outcomes: 1, 2, 4

Assessment: Marketing Plan

Students will negotiate as a team how to integrate learnings from Assessment 1 into a group marketing plan. Students are to design and prepare a full plan according to the guidelines given in the Marketing Plan instructions, based on a culmination of the research, analysis and strategies developed individually in Assignment 1. Students are required to demonstrate how they are implementing their synthesised marketing pitch strategies as a team. Peer evaluation on teamwork is a component of the marks and forms 10% of the individual component of the student's mark. Peer assessment is due one week after the submission of the group marketing plan. 

Formative or Summative: Summative

Business Capabilities (AoL goals): KS (1.1), HO (2.1), HO (2.2), PC (3.1), TS (4.2)

This assignment is eligible for the 48 hour late submission period and assignment extensions.

Weight: 50
Length: 2000 words (plus appendices as required)
Individual/Group: Group
Due (indicative): Week 12
Related Unit learning outcomes: 1, 2, 4, 5

Assessment: Self reflection

Students are to analyse the performance of their team and themselves in a reflective evaluation. Students are expected to reflect on their experience throughout the semester, recommend improvements and demonstrate key learnings about the management of themselves and group work within a team context.

Formative or Summative: Summative

Business Capabilities (AoL goals): TS (4.1), PC (3.1)

This assignment is eligible for the 48 hour late submission period and assignment extensions.

Weight: 20
Length: 1500 words
Individual/Group: Individual
Due (indicative): Week
Exam period week 1
Related Unit learning outcomes: 3, 4

Academic Integrity

Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.

Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.

You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.

Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.

Requirements to Study

Requirements

No additional requirements.

Costs

No additional costs.

Resources

Resource Materials

Prescribed text(s)

Dhruv Grewal; Michael Levy; Shane Mathews; Paul Harrigan; Tania Bucic; Foula Kopanidis, (2021), Marketing, 3ed, McGraw Hill, Sydney

All additional references are available on Canvas.

Risk Assessment Statement

This unit requires you to work with your team within the semester. Accordingly, students enrolling in this unit are expected to consistently engage with team discussions and equitably contribute to the work produced by the team. If you know that you will be absent from classes and/or be unavailable to liaise (digitally) with your team for a prolonged period of the semester (i.e. due to work commitments, travel plans, etc.), please consider taking this unit in a semester that you can more equitably commit your time to working with others for completing assessment.

Beyond the above consideration for the team-based nature of the unit, there are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to
view the Emergency video.

Standards/Competencies

This unit is designed to support your development of the following standards\competencies.

QUT Business Capabilities (Undergraduate)

HO (2.1): Critical Analysis

Relates to: ULO2, Marketing pitch, Marketing Plan

HO (2.2): Independent Judgement and Decision-Making

Relates to: ULO1, Marketing pitch, Marketing Plan

KS (1.1): Discipline Knowledge

Relates to: Marketing pitch, Marketing Plan

PC (3.1): Professional Communication (Written)

Relates to: ULO4, Marketing Plan, Self reflection

PC (3.2): Professional Communication (Oral)

Relates to: ULO4, Marketing pitch

TS (4.1): Self-Reflection and Accountability

Relates to: ULO3, Self reflection

TS (4.2): Teamwork Knowledge and Skills

Relates to: ULO5, Marketing Plan

Course Learning Outcomes

This unit is designed to support your development of the following course/study area learning outcomes.

BS05 Bachelor of Business

  1. Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
    Relates to: Marketing Plan, Self reflection
  2. Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
    Relates to: Marketing pitch
  3. Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
    Relates to: ULO2, Self reflection
  4. Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
    Relates to: ULO1, Marketing pitch, Marketing Plan, Self reflection
  5. Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
    Relates to: ULO4, Self reflection
  6. Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
    Relates to: ULO4, Marketing pitch, Marketing Plan
  7. Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
    Relates to: ULO3, Self reflection
  8. Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
    Relates to: ULO5
  9. Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
    Relates to: Marketing Plan

BS06 Bachelor of Business

  1. Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
    Relates to: ULO2, Marketing Plan, Self reflection
  2. Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
    Relates to: Marketing pitch
  3. Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
    Relates to: ULO2, Self reflection
  4. Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
    Relates to: ULO1, Marketing pitch, Marketing Plan, Self reflection
  5. Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
    Relates to: ULO4, Self reflection
  6. Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
    Relates to: ULO4, Marketing pitch, Marketing Plan
  7. Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
    Relates to: ULO3, Self reflection
  8. Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
    Relates to: ULO5
  9. Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
    Relates to: Marketing Plan

BS08 Bachelor of Business - International

  1. Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
    Relates to: Marketing Plan, Self reflection
  2. Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
    Relates to: Marketing pitch
  3. Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
    Relates to: ULO2, Self reflection
  4. Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
    Relates to: ULO1, Marketing pitch, Marketing Plan, Self reflection
  5. Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
    Relates to: ULO4, Self reflection
  6. Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
    Relates to: ULO4, Marketing pitch, Marketing Plan
  7. Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
    Relates to: ULO3, Self reflection
  8. Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
    Relates to: ULO5
  9. Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
    Relates to: Marketing Plan