Programme And Module Handbook
 
Course Details in 2023/24 Session


If you find any data displayed on this website that should be amended, please contact the Curriculum Management Team.

Module Title LI Services and Retail Strategy
SchoolBirmingham Business School
Department Marketing
Module Code 07 31700
Module Lead Sarah Montano and Jimmy Wang
Level Intermediate Level
Credits 20
Semester Semester 2
Pre-requisites
Co-requisites
Restrictions None
Exclusions
Description In today’s economy, it is the service sector that is becoming increasing important. Overall, service industries account for over 70% of worldwide GDP (World Bank). Services are important because as consumers we use services on a daily basis and in conjunction with the importance of services to the world economy. Retailing is also fundamentally important to the UK, European and World-Wide economy. Even though the current economic climate is turbulent (e.g. the influence of Brexit), food retailing is still predicted to grow as Linthicum (2009:6) argues “people still have to eat, even in an economic downturn”. While many established markets have struggled in the global recession e.g. the UK there still has been significant growth across the world especially in Latin America, Middle East and India. Indeed, Euromonitor argue that these countries represent 78% of global growth. In this volatile and growing market many retailers operate globally. We will examine the challenges and opportunities that this brings by critically analysing retailers such as Disney, Starbucks, Zara, Tesco, Marks and Spencer and Carrefour. This course will examine the services and retailing industry from its beginnings to researchers’ predictions for the future. Services and retailing activities are not static but in a constant state of flux. The consequence of this is that there are always new trends that consumers desire. Some recent trends include the desire for customer experiences, becoming vegan, premiumisation and trading down. We will examine how service providers and retailers can manage such trends. The focus of the course will be on understanding that not all retailers and service providers are the same and therefore, it is important to understand the characteristics of different types of organisations and how marketing objectives and strategies need to be tailored to address these points.
Learning Outcomes By the end of the module, students should be able to:
  • Understand the importance of the retail and services sector to the world economy
  • Understand the defining features of services and retail marketing strategy
  • Identify the alternative approaches to developing successful marketing in service organisations and critically analyse these approaches
  • Evaluate the influence of place on buyer behaviour and the customer experience
  • Recognise the complex relationships with both customers and suppliers
  • Understand current logistical issues
  • Be able to analyse the possible problems encountered by service and retail organisations and demonstrate solutions and opportunities
Assessment 31700-01 : Group Assignment : Coursework (40%)
31700-02 : Individual Assignment : Coursework (60%)
Assessment Methods & Exceptions Assessment: 8 minute group presentation (40%) individual 2,500 word assignment (60%)
Other
Reading List