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EASTERN MENNONITE UNIVERSITY: 2010 MARKETING STRATEGY April Banks, Kevin Burnett & Travis Pettit Core Competencies Stewardship of resources Looking beyond the classroom; seeing life and career as a calling Experts in service: Forming long-lasting relationships with students through outstanding customer service & co-creating experiences Flexibility: Programs designed to meet the needs of increasingly diversified and mobile students Placing high value student contributions in the curriculum via life experiences Blue Ocean Strategy Differentiate EMU from competitors Values (Stewardship, Service, Relationship Building) Quality of programs Flexibility 10 9 8 7 6 5 4 3 2 1 0 Other Universities Compentencies Stewardship Sacred Covenent Nurturing Environment Customer Service Volunteer Opportunites Green Technology Academics EMU Price Value Blue Ocean Strategy Marketing Strategy Promote the following EMU programs to targeted market segments on the basis of service, flexibility, quality, cultural experience, and shared intrinsic values: RN to BSN ADCP & MBA CJP General Undergraduate Program Market Research RN to BSN Target Market: Current RNs, LPNs and Nursing Aids @ RMH & AMC Eventually expanding to all Northwestern VA Harrisonburg/Rockingham RNs LPNs Home Health Aids Nursing Aids 790 330 270 790 Northwestern Virginia 2,090 860 480 1600 The number of RNs and LPNs is expected to grow 21% between 2008 and 2018. - U.S. Bureau of Labor Statistics Market Research Cont. Winchester/Frederick RNs 1,320 LPNs 230 Home Health Aids 120 Nursing Aids 520 Approximately 40% of Registered Nurses currently hold a BSN. The remaining 60% have received their certification via an Associates Degree or a hospital-sponsored certificate program. As of 2009, all RMH nurses (RNs or otherwise) were given two years to obtain their BSN or face demotion or termination. AMC and Winchester Medical Center are currently undergoing similar program changes. U.S. Bureau of Labor Statistics Marketing Research Cont. CJP & General Undergraduate Target Market: Mennonite Disaster Service Founded: 1950 Approximately 3,000 volunteers Mennonite Central Committee Founded: 1920 Staff: 1,165 stationed globally, volunteer levels vary Both organizations have strong connections to the Mennonite, Brethren in Christ, and Amish Churches Both organizations share similar values with EMU and appeal to the same target demographic Marketing Research Cont. ADCP & MBA Target Market: Harrisonburg/Rockingham Northwestern Virginia Business/ Financial/ 11,940 22,860 Administrative There are approx. 34,000 individuals employed in the business sector in Northwestern Virginia. Only 27.2% of Americans over age 25 posses a bachelor’s degree and less than 8% possess a master’s. U.S. Bureau of Labor Statistics Positioning Statements To working adults who need assurance that returning to school is a good decision, EMU is a liberal arts university that provides a caring and nurturing environment, encouraging you and responding to your individual needs all the way to your graduation day. To high school graduates who have volunteered with a Mennonite organization, EMU is a liberal arts university with a caring community that will support you as you transition to your new role as a student and will continue to support you as you prepare for your next service adventure. To working nurses seeking a BSN degree, EMU is a liberal arts university that is not only a leader in healthcare education, but also a flexible institution that understands how challenging it can be to return to school while working. Product Life Cycle Marketing EMU’s stewardship initiatives follow the Scalloped Pattern Stewardship is nothing new to us Periodically we realize once again how important this value is to our organization and we ramp up our efforts anew Each one of these cycles is a new “Scallop” Growth Volume Product Life Cycle 101 81 61 Growth 41 21 1 Time Marketing Intermediaries Parties such as: High school guidance counselors Local business HR departments Local Chambers of Commerce Mennonite service organizations Can be excellent partners and can help us get the word out about our programs at little cost. Hybrid Channeling • Will allow EMU to reach potential customers through their preferred methods of contact – Internet information allows access for those customers at a distance from the EMU campus. – Printed publications on specific programs can be made available at high schools and workplaces applicable to that market segment. – The Admissions department at EMU can be in direct contact with potential customers to provide more specific information and answer questions. – EMU can also host visitation dates where the public can visit the campus and learn more about the programs offered. Product Mix Education Specialization Differentiation Flexibility Service Mix Education Personalization/Building on experiences Coproduction Pricing Price Baseline Price Discrimination Pricing Value Incentive/Partnerships Adaptive Learning New Product/Service Development Innovation Communication Adaptation Adaptive Learning Expansion of Marketing Marketing Audits Creating the Future Conclusion Questions?