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Student Record Officers: The Marketing Director's Best Friends Richard Taylor Director of Marketing & Communications www.le.ac.uk Marketing is…. • A management process that seeks to lead, anticipate and satisfy customer demand • Fundamental to marketing is that different groups have different needs and desires • And these groups can be identified through a process called market segmentation Market Segmentation • A market segment is a sub-set of a market made up of people sharing one or more characteristics that cause them to demand similar products and/or services Market Segmentation • Segmentation can be based on: – Geography, fee status, social class, age, gender, subject preferences, level of study, prior qualifications, hair colour, ethnicity etc etc etc • As long as it can be reached and responds similarly to market stimulii Marketing involves… • Developing a position for one or more market segments • What do we mean by a position? Services Marketing Mix • • • • • • • A concept that market attractiveness for a specific audience is determined by seven variables Product Price Promotional Strategy Physical Surroundings/Packaging Place & Distribution Process People A Market Segment…. • • • • • • • Professional managers in the UK requiring advanced management training…. Product Price Promotional Strategy Physical Surroundings/Packaging Place & Distribution Process People • But you can’t be something you’re not • Higher education “brands” are built over decades and disseminated by word of mouth • HEIs therefore need to understand their current markets Education as a Service • Services: • Intangible Dominant • Low on Search Qualities • High on Experience Qualities • Inseparable from producer • Goods: • Tangible Dominant • High on Search Qualities • Lower on Experience Qualities • Separable from producer Education as a Service • Services differentiate through delivery and not (just) words • The brand cannot exist outside of the reality of the service experience • The service experience is dependant on people • Word of mouth drives reputation So…. • Understanding the current position of an institution or programme is critical • Who are our customers? • Turn to the data record… But…. • QUALENTS, • PAREDs • MSFUNDS Come Alive with the Pepsi Generation Pepsi brings your ancestors back from the dead And the worst one… • TTPCODE You can’t occupy all the segments. If we want to succeed and develop our reputation we must stand for something that is clear and distinctive…. The 49th Prime Minister Flight of the Conchords "Formerly New Zealand's fourth most popular guitar-based digibongo acapellarap-funk-comedy folk duo" Some offenders…. • “Ranked in the top 3 of all modern universities” • “Ranked the 17th best politics department by the Guardian” • “One of XXXshires leading universities” Why a clear position? • If your position isn’t clear it won’t have impact in a world full of overcommunication • Strategic Communications communicating a clear position or message Old Elite Non-Elite Old Elite Non-Elite Britain’s Top 20 Universities Bath Bristol Cambridge Durham Edinburgh Exeter Glasgow Imperial College King's College London Leicester LSE Loughborough Nottingham Oxford Sheffield Southampton St Andrews UCL Warwick York Those that meet State School Benchmark Bath Bristol Cambridge Durham Edinburgh Exeter Glasgow Imperial College King's College London Leicester LSE Loughborough Nottingham Oxford Sheffield Southampton St Andrews UCL Warwick York And their Benchmark for Recruitment from Bath Lower Socio-economic Groups LSE Bristol Cambridge Durham Edinburgh Exeter Glasgow Imperial College King's College London Leicester Loughborough Nottingham Oxford Sheffield Southampton St Andrews UCL Warwick York In Conclusion… • The strategic challenge for HEIs is to develop a clear and distinct position • This can’t be divorced from reality • The richness of information in the staff, financial and especially student record is critical