Course detail

Competitiveness and Branding of Small Company

FP-BCCSMEAcad. year: 2021/2022

Key aspect of the course is focus on small and middle-sized companies. Concepts of development of company competitiveness based on success-ability based concept, resource based view, core competencies and brand development. Communication of company. Definition of key elements of strategy of company. Evaluation of competitiveness of company. Principles of brand development and their application in business model development. Competitive advantage and value for customer.

Language of instruction

English

Number of ECTS credits

6

Mode of study

Not applicable.

Learning outcomes of the course unit

Students will be introduced to concepts of strategy and competitiveness. Students will learn application of success-ability concept in small and middle-sized companies. Students will be able to define and evaluate strategic goals for company development on the base of analysis of competitive environment. Students will be able to choose appropriate approach to the development of competitive advantage and competitiveness of small and middle-sized company. Students will be familiar with principles of development of value, resources, core competencies and brand development in the context of company competitiveness. Student know theoretical concepts of competitiveness evaluation and will be able to implement them in practice. Student will gain knowledge of marketing communication and will understand differences between marketing communication tools in context of brand, product and company. Students will be capable to decide about suitability of marketing communication tools in the context of strategic entrepreneurial goals.

Prerequisites

Not applicable.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Not applicable.

Assesment methods and criteria linked to learning outcomes

Evaluation is based on points from the project elaboration and defence within International Branding Projec (75% of evaluation) and exam based on the development of brand of own project (25%).
Specifications of projects will be available in e-learning.
Students wit ISP will be evaluated on the base of exam focused on the development of brand development for own project.
Retakes are defined by Study and Examination Code.

Course curriculum

1. Success-ability based strategy and traditional concept of strategy. 3D view of objectives and company success in small and middle-sized company.
2. Competitive space, identification of competitive links. Evaluation of competition, competitors, competitive relations, competitive rules, market and customer segments.
3. Competitiveness of company in business models, modification for conditions of small and middle-sized companies. Definition of competitive base, competitive character of strategy, typology of competitive advantages.
4. Development of competitive advantages in success-ability based conception, managerial model of competitiveness. Analysis of customer value creation for advantage and brand development in small company.
5. Brand and brand development as factor of competitiveness of small and middle-sized company.
6. Comparison of approaches of large and small companies in the process of development of competitiveness.
7. Marketing communication of small and middle-sized companies. Communication of small company in the context of brand, product and service.
8. Psychological, legal and ethical aspects of communication and advertising.
9. Creation of advertising, product photography, creation of advertising and communication materials.
10. Media in communication mix and marketing communication.
11. Communication activities and plans of advertising campaigns.
12. Complex evaluation of success-ability potential.
13. Formulation and evaluation of strategy of development of competitiveness and implementation activities in small company.

Work placements

Not applicable.

Aims

The main course objective is introduction of concept of strategic approach to the development of small and middle-sized companies with specific focus on own competitiveness, communication and brand development.

Specification of controlled education, way of implementation and compensation for absences

Attendance at lectures and seminars is required and controlled. Each absence is penalized with 5 points subtraction from the final score.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

HAWKINS, D.I., and D. L. MOTHERSBAUGH. Consumer Behavior: Building Marketing Strategy. 13. Boston: McGraw-Hill Higher Education, 2015. ISBN 978-1259232541.
HITT, M.A., IRELAND, R.D. and R.E. HOSKISSON. Strategic Management - Competitiveness and Globalization: Concepts and Cases. 12th ed. South-Western College Pub, 2017. 896 p. ISBN 978-1-305-50214-7.
KAPFERER, J.N. The New Strategic Brand Management: Advanced Insights and Strategic Thinking (New Strategic Brand Management: Creating & Sustaining Brand Equity). 5th ed. Kogan Page, 2012. 512 p. ISBN 0749465158.
PELSMACKER, P.D., GEUENS, M., and J.V.D. BERGH. Marketing communications: a European perspective. 4th ed. Harlow: Pearson, 2010, xxiii, 660 s. ISBN 978-0-273-72138-3.

Recommended reading

COLLIS, D.J. and C.A. MONTGOMERY. Corporate strategy - Resources and the Scope of the Firm. 2nd ed. McGraw-Hill, 2004. 204 p. ISBN 978-0072312867.
DOYLE, P. Value-Based Marketing: Marketing Strategies for Corporate Growth and Shareholder Value. 2. vydání. Chichester: Wiley, 2008. ISBN 978-0-470-77314-7.
FILL, C. Marketing Communications: Interactivity, Communities and Content. Harlow: Prentice Hall, 2009. ISBN 978-0-273-71722-5.
HOLLENSEN, A. and V. MAILA. Marketing management: a relationship approach. 2nd ed. Harlow: Financial Times Prentice Hall, 2010. ISBN 978-027-3706-830.
KELLER, K.L. Strategic brand management: building, measuring, and managing brand equity. 4th ed. Boston: Pearson, c2013, 562 p. ISBN 978-013-2664-257.
PORTER, M. E. Competitive Advantage. First Free Press Export Edition: Free Press 2004. 557 s. ISBN: 0-7432-6087-2.
STAHLBERG, M. and V. MAILA. Shopper marketing: how to increase purchase decisions at the point of sale. Philadelphia: Kogan Page, c2010. ISBN 978-074-9457-020.

eLearning

Classification of course in study plans

  • Programme BAK-E Bachelor's

    branch BAK-ESBD , 2. year of study, summer semester, compulsory

  • Programme BAK-ESBD Bachelor's, 2. year of study, summer semester, compulsory

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

Exercise

13 hours, compulsory

Teacher / Lecturer

eLearning