MKT46040 Retail: Winning in Digital Era

Academic Year 2022/2023

E-commerce is experiencing unprecedented growth. For instance, a recent report by Adobe indicated that global e-commerce sales amounted to $876 billion in the first quarter of 2021, an increase of 38% over the last year. Several factors have collectively contributed towards the success of digital retail, from advancements in internet and technology including recent boom in cloud computing and social networking, to societal impetus such as changing consumer attitudes and the recent societal shift due to Covid-19. This course will focus on how marketers can create value for their consumers by leveraging digitalization. This module will introduce students to the different types of tools and resources that are available for digitalizing businesses today. Students will also learn how to adapt marketing and advertising techniques to the digital world, while exploring the importance of data in digital retail. Building on theoretical concepts and real-world case studies, students will develop a skillset that will enable them to digitalize existing brick and mortar businesses and envision new e-commerce businesses.

Show/hide contentOpenClose All

Curricular information is subject to change

Learning Outcomes:

Learning Outcomes:
• Understand the different types of digital formats, platforms and tools that are available to businesses today.
• Gain a deep understanding of the processes, technologies and mechanisms that are involved in digitalizing businesses.
• Understand the importance as well as practical implications of omnichannel retail formats.
• Be able to successfully employ marketing and advertising techniques in the digital landscape.
• Learn to leverage retail data available to digital business, in order to formulate business insights.
• Gain an understanding of “newer” formats (such as peer-to-peer markets and sharing economy) of digital retailing.
• Become acquainted with current and future trends in digital retail.

Indicative Module Content:

1. Digital Retail: Introduction, definitions, concepts, and types of e-commerce
2. Business & Revenue Models
3. Building an online presence
4. Marketing and advertising in digital retail
5. The power of data (SEO, Analytics, etc.)
6. Social, mobile, and local marketing
7. Pricing in digital media
8. Omnichannel retail management
9. Innovative digital commerce models: Sharing Economy and P2P Commerce; Subscriptions: from meal kits to cosmetics
10. Impact of Covid-19 on digital retail
11. Current and future trends in digital retail

Student Effort Type Hours
Specified Learning Activities

100

Autonomous Student Learning

100

Lectures

30

Total

230

Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Not applicable to this module.
 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Group Project: Develop and implement digital retail strategies to attract and convert consumers for a business. Throughout the Trimester n/a Graded No

40

Continuous Assessment: Individual cases Throughout the Trimester n/a Graded No

40

Continuous Assessment: In-class participation Throughout the Trimester n/a Graded No

20


Carry forward of passed components
No
 
Resit In Terminal Exam
Summer No
Feedback Strategy/Strategies

• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Not yet recorded.

Spring
     
Lecture Offering 1 Week(s) - 20, 21, 23, 24, 25, 26, 29, 30, 32, 33 Mon 11:00 - 13:50

Discover our Rankings and Accreditations