
Course Name: Product Management (MGMT 4002)
Academic Period: 2024 - 2025
Faculty:
Faculty Availability:
Associate Dean:
Bruce Sinclair
bruce.sinclair@humber.ca
Schedule Type Code:
Humber College is located within the traditional and treaty lands of the Mississaugas of the Credit. Known as Adoobiigok [A-doe-bee-goke], the “Place of the Alders” in Michi Saagiig [Mi-Chee Saw-Geeg] language, the region is uniquely situated along Humber River Watershed, which historically provided an integral connection for Anishinaabe [Ah-nish-nah-bay], Haudenosaunee [Hoeden-no-shownee], and Wendat [Wine-Dot] peoples between the Ontario Lakeshore and the Lake Simcoe/Georgian Bay regions. Now home to people of numerous nations, Adoobiigok continues to provide a vital source of interconnection for all.
Humber College and the University of Guelph-Humber (Humber) are leaders in providing a learning, working and living environment that recognizes and values equity, diversity and inclusion in all its programs and services. Humber commits to reflect the diversity of the communities the College serves. Students, faculty, support and administrative staff feel a sense of belonging and have opportunities to be their authentic selves.
| Faculty or Department | Longo Faculty of Business |
|---|---|
| Program(s) |
Digital Business Management, Bachelor of Commerce (DB411)
Finance, Bachelor of Commerce (22271)
Healthcare Management, Bachelor of Commerce (HM411)
Management Studies, Bachelor of Commerce (22291)
|
| Course Name: | Product Management (MGMT 4002) |
| Pre-Requisites | MKTG 3500 |
| Co-Requisites | none |
| Pre-Requisites for |
Applied Business Project 2 (DIGI 4501) Current Issues in e-Business and Marketing (DIGI 4502) |
| Equates | none |
| Restrictions | none |
| Credit Value | 3 |
| Total Course Hours | 42 |
| Developed By: | Prepared By: | Approved by: | |
|---|---|---|---|
| Bruce Sinclair |
The HLOs are a cross-institutional learning outcomes strategy aimed at equipping Humber graduates with the employability skills, mindsets, and values they need to succeed in the future of work. To explore all the HLOs, please consult the Humber Learning Outcomes framework.
In this marketing course, students examine the strategic innovation management function and the line product management function for the multi-channel marketing of products and intangible services. These functions are supported by two business processes: new product development and new product launch. Concepts, processes, methods and skills are investigated and applied through course assignments and evaluations.
This course will emphasize the use of market research tools, global market strategies, and operational strategies in the product development life cycle.
Digital Business Management, Bachelor of Commerce (DB411)
Describe current technological alternatives to support solving specific business problems in various industries.
Employ digital tools, data science, business analytics, and research methods to improve digital organizational decision making.
Create a development plan for e-business applications to support an organization's strategic and operational goals.
Communicate effectively and persuasively in oral, written, digital and visual forms, appropriate to external and internal stakeholders with diverse skills, expectations and behaviours.
Identify current and future opportunities and challenges in the fast- changing digital environment.
Reflect on personal competence and professional skills to identify gaps and plan for ongoing learning.
Make business decisions, integrating personal responsibility, diverse global perspectives, and professional standards in collective decision-making.
Finance, Bachelor of Commerce (22271)
Healthcare Management, Bachelor of Commerce (HM411)
Management Studies, Bachelor of Commerce (22291)
| Learning Outcome | Learning Objectives | Summative Assessments | Formative Assessments |
|---|---|---|---|
| Differentiate between strategic choices for commercializing new products. |
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| Identify and assess new market opportunities available to the organization in a certain sector. |
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| Create a product strategy to deliver sustainable competitive advantages to the organization. |
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| Apply product management methods such as test marketing and product launches and skills such as marketing communications and public relations to managing new product growth. |
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| Develop strategic options for extending of the product life cycle at maturity. |
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| Assess how the new product development process is critical to the continuing success of the organization. |
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| Perform a business analysis, including a financial analysis, for the commercialization of a new product. |
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| Analyze internal and external performance indicators to identify declining products. |
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| Manage the deletion of declining products from the product portfolio of the organization. |
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| Assessment | Weight |
|---|---|
| Group Project | |
| Final Project | 25% |
| Instructor-Created Assessments | |
| Final Exam | 35% |
| Midterm Exam | |
| Midterm Exam | 25% |
| Case Study | |
| Case Presentation | 15% |
| Total | 100% |
| Module | Course Learning Outcomes | Resources | Assessments |
|---|---|---|---|
| Innovation management: an introduction |
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Chapter 1 |
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| National systems of innovation and entrepreneurship |
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Chapter 2 |
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| Public sector innovation |
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Chapter 3 |
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| Managing innovation within firms |
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Chapter 4 |
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| Operations and process innovation |
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Chapter 5 |
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| Managing intellectual property |
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Chapter 6 |
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| Managing organizational knowledge |
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Chapter 7 |
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| Strategic alliances and networks |
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Chapter 8 |
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| Research and development |
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Chapter 9 |
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| Open innovation and technology transfer |
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Chapter 10 |
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| Business models |
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Chapter 11 |
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| Market adoption and technology diffusion |
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Chapter 12 |
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| New product development |
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Chapter 13 |
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| Market research and its influence on new product development |
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Chapter 14 |
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| Managing the new product development process |
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Chapter 15 |
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| Title | ISBN |
|---|---|
Trott, P. (2021). Innovation Management and New Product Development (7th ed.). Pearson. |
| Title | ISBN |
|---|---|
List of resources will be provided through the course website. |
Course material costs can be found through the Humber Bookstore.
Prior Learning Assessment and Recognition (PLAR) is the formal evaluation and credit-granting process whereby candidates may obtain credits for prior learning. Prior learning includes the knowledge competencies and skills acquired, in both formal and informal ways, outside of post-secondary education. Candidates may have their knowledge, skills and competencies evaluated against the learning outcomes as defined in the course outline. Please review the Assessment Methods Glossary for more information on the Learning Portfolio assessment methods identified below.
The method(s) that are used to assess prior learning for this course may include:
Please contact the Program Coordinator for more details.
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North Campus: (416) 675-6622 X5090
Lakeshore Campus: (416) 675-6622 X3331
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While every effort is made by the professor/faculty to cover all material listed in the outline, the order, content, and/or evaluation may change in the event of special circumstances (e.g. time constraints due to inclement weather, sickness, college closure, technology/equipment problems or changes, etc.). In any such case, students will be given appropriate notification in writing, with approval from the Senior Dean (or designate) of the Faculty.
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