Syllabus

Title
6089 E-Business "A"
Instructors
Univ.Prof. Dr. Nils Wlömert
Contact details
Type
PI
Weekly hours
2
Language of instruction
Englisch
Registration
02/16/17 to 03/01/17
Registration via LPIS
Notes to the course
Dates
Day Date Time Room
Tuesday 03/14/17 01:00 PM - 04:00 PM D4.0.133
Thursday 03/16/17 01:00 PM - 04:00 PM D4.0.019
Tuesday 03/21/17 01:00 PM - 04:00 PM D4.0.133
Tuesday 03/28/17 01:00 PM - 04:00 PM D4.0.133
Tuesday 04/04/17 01:00 PM - 04:00 PM D4.0.133
Thursday 04/06/17 01:00 PM - 05:00 PM D2.2.491
Friday 04/07/17 01:00 PM - 05:00 PM D2.2.487
Tuesday 05/02/17 01:00 PM - 04:00 PM D4.0.133
Thursday 05/04/17 01:00 PM - 06:00 PM D4.0.127
Tuesday 05/16/17 10:00 AM - 12:00 PM D4.0.039
Tuesday 05/16/17 11:30 AM - 01:15 PM D2.1.491
Contents

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To increase student capacity while keeping small class sizes, the course E-Business is offered in two parallel classes A and B (courses 6089 - E-Business "A and 6184 - E-Business "B"). Course content is identical between classes A and B and you can only register for one of the courses. If you register for both courses, you will be assigned to one of the courses randomly.

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Developments in information and communication technology are radically changing the ways in which businesses operate and compete in today's global marketplace. This course provides an overview over e-business from a managerial perspective and introduces students to the relevant concepts, models, and strategic issues that are important for businesses that operate in the online environment.

Course contents:

1. The electronic marketplace
1.1. Consumers in the electronic marketplace
1.2. Technology in the electronic marketplace
1.3. Business models

2. How digitization affects the marketplace
2.1. Consumer search costs
2.2. Marginal costs
2.3. Network effects
2.4. Long tail
2.5. Social media
2.6. Recommendation and customization
2.7. Big data

3. Marketing-mix instruments in the online marketplace
3.1. Product management
3.2. Price management
3.3. Promotion management
3.4. Distribution management
Learning outcomes
The aim of this course is to provide students with an understanding of the impacts that e-business is having on markets, business models, and a firm's marketing activities.

The objectives of the course are: 
  • To provide you with an understanding of the core concepts, technologies, and business models in the electronic marketplace
  • To sensitize you to changes in consumer behavior in the online environment
  • To enable you to critically evaluate different ways for firms to adapt their marketing strategies in an increasingly digitized world 
  • To deepen your knowledge of empirical research methods and train your ability to analyze consumer behavior empirically
  • To provide you with the foundations to design an online business and motivate you to think “digitally”
  • To improve your communication, presentation and team working skills

Teaching/learning method(s)

The course is taught using a combination of interactive lectures, class discussions, case analyses, computer exercises, and student presentations.

We will use the free software R to analyze data as part of the group project. For students who would like to learn how to use R or expand their knowledge, we recommend DataCamp (www.datacamp.com), an online platform that offers interactive courses in data science at different levels. To facilitate the learning process you will obtain full access to the entire DataCamp course curriculum for the duration of the course.

Assessment
Grading is based on the following components:
  • Big Data Group Challenge (30%)
  • Presentation of a scientific journal article from the reading list and short tests regarding the cumpulsory readings (20%)
  • Final exam (40%)
  • Class participation (10%)
These grading components will be weighted with the respective weights to arrive at the final grade percentage.

To successfully pass this course, your weighted final grade needs to exceed 60%.
Availability of lecturer(s)
Dr. Nils Wlömert: nils.wloemert@wu.ac.at
Last edited: 2017-04-18



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