Marketing & Branding University Academic Programs Richard P. Vlosky Director, Louisiana Forest Products Development Center LSU AgCenter Robert B. Vlosky Marketing Consultant September 14, 2005 Foundation Concepts of Marketing & Branding Core Core Marketing Marketing Concepts Concepts Needs, wants, and demands Markets Marketing Marketing Concepts Concepts Exchange, transactions, and relationships Kotler 2000 Products and Services Value, satisfaction, and quality Production Orientation • • • • • • Selling what you make – “push” approach Not customer oriented Production volume driven Maximize operating capacity Typical of commodity products/services “If We Make It, They Will Buy It” Marketing Orientation • Selling what the market demands – “pull” approach • Customer-centric Æ solves a problem • Features & benefits • Quality driven • Maximize customer value • Brand-Builder Mentality Brands Brands & & Branding Branding Consistency Consistency Quality Quality & & Value Value Attributes Attributes Advantages of Brand Names Identification Identification Association Association Brand Equity Loyalty Loyalty Credibility Credibility Kotler 2000 Awareness Awareness Brand Name Brand Brand Strategy Strategy Product Category Existing New Existing Line Extension Brand Extension New Multibrands New Brands Kotler 2000 Brand Brand Strategy Strategy Line Extension z Existing brand names extended to new forms, sizes, and flavors of an existing product category. z z z Food & Beverage – soft drinks, cereal, coffee, beer, Tabasco Sauce, tuna fish in a bag Automobiles – new models Household – laundry detergent, shampoo, appliances Brand Extension z Existing brand names extended to new product categories. z z z Harley Davidson cigarettes RealLemon candies Reese’s Peanut Butter Brand Brand Strategy Strategy Multibrands z New brand names introduced in the same product category. z z z Arbor Mist Mini-Cooper Hagen Dazs New Brands z New brand names in new product categories. z z Swiffer Cartridge razor blades Market Market Segmentation Segmentation Geographic Nations, states, regions or cities Demographic Age, gender, family size and life cycle, or income Psychographic Social class, lifestyle, affiliations, or personality Kotler 2000 Product Product Life Life Cycle Cycle Sales Over a Product’s Life From Introduction to Decline Sales ($) Sales Time Product Development Time Introduction Growth Time Maturity Decline Public Public Relations Relations 1. Building good relations with various stakeholders. 2. Obtaining favorable publicity. 3. Building up a good “corporate image”. 4. Handling or heading off unfavorable rumors, stories and events. Major Major Public Public Relations Relations Tools Tools Public Public Service Service Activities Activities Web WebSite Site News News Corporate Corporate Identity Identity Materials Materials Audiovisual Audiovisual Materials Materials Speeches Speeches Special Special Events Events Written Written Materials Materials Marketing & Branding Academic Programs Programmatic Programmatic Strategies Strategies Basic Basic Academic Academic Programmatic Programmatic Strategies Strategies Kotler 2000 Generalist Generalist Programs Programs Focused Focused Programs Programs Mixed Mixed Strategy Strategy No No Strategy Strategy You Do NOT Want to be Here Programmatic Programmatic Strategies Strategies Academic Academic Program/Student Program/Student Market Market Expansion Expansion Grid Grid Existing Programs New Programs Existing Student Base Further Penetration/ Retention Program Extension New Student Base Student Market Development Diversification: New Students/Programs Academic -Is Decline Academic Program Program Life Life Cycle Cycle-Is Decline Inevitable? Inevitable? Programmatic Life From Introduction to Decline Enrollment Time Program Introduction Development Time Growth Maturity Decline Can Can Academic Academic Programs Programs be be Branded? Branded? Do Production” Oriented Do NOT NOT Want Want to to be be ““Production” Oriented • Offering what you know (faculty oriented) • Not customer (student) oriented • Volume driven-quantity (seats filled), not quality (instructional) • Maximize operating capacity-filling classrooms • Typical of commodity products-undifferentiated programs Programmatic Programmatic Growth Growth Strategies Strategies 1. Develop and maintain a defensible competitive position. 2. Build highly recognizable brand identification for key stakeholders such as prospective students, industry and government leaders, employers, alumni, and donors. 3. Build awareness and desire through branding, marketing, & public relations. Programmatic Programmatic Growth Growth Strategies Strategies 4. Build strong relationships/partnerships with internal & external stakeholders. 5. Create a positive “image” through relevant and productive events. 6. Create key functions: z Media Relations z Program Publicity z Recruiting z Development ($$$) Tools z Advertising z eMarketing (Internet) z Marketing innovations z Marketing research, evaluation & measurement z Student lead generation and qualification: quality vs. quantity z Potential employer database z ROI (Return on Investment) z ROA (Return on Assets) z Metrics!!! Adapted from: Program Topics-University Continuing Education Association Annual Marketing Seminar in New Orleans, February 17-19, 2005 Academic Academic Program Program Marketing Marketing && Branding Branding Influences Influences Stakeholder Influences Institutional Constraints Market Demands Richard Vlosky, 2005 New New Challenges Challenges in in Marketing Marketing Academic Academic Programs Programs Information Technology/ Distance Learning Faculty Skill Set vs. Market Demands Recruiting Top Students Emerging Emerging Challenges Challenges Changing Institutional Requirements Changes in Employer Requirements Ellen Harshman, Dean, John Cook School of Business Saint Louis University : “Effective marketing requires that we think and act strategically. Consequently, the development of a clear, focused mission statement and comprehensive strategic planning processes take on additional importance and meaning. ¾ Incorporating marketing considerations into the school’s strategic plan allows us to align resources with strategic priorities. ¾ Planning from a marketing perspective imposes discipline in developing our public messages to describe what we stand for, how we differentiate ourselves from our competitors, and the value of the programs we offer.” Questions?