Marketing Principles Report for a Strategic Marketing Plan Template INSTRUCTIONS TO STUDENT: 1. Use this template as a guide to writing up your Report for a Strategic Marketing Plan for Northcentral Technical College. 2. Read the instructions before beginning. Also, you can refer to the sample Strategic Marketing Plan in Appendix A in your textbook while you are writing up this plan. The format is different, but the elements are similar. 3 To fill in the blanks: Research the /NTC website and the Internet for data Enter your own suggestions/opinions where indicated in the template 4. After entering all the data into the template, format your final report so all headings, margins, text are consistent throughout the report. Delete any instructions. All text should be the same color and font type. Page 1 of 22 A Report On A Strategic Marketing Plan for Northcentral Technical College Researched by: (Phillip Ivacic) Marketing Principles 10-104-172 Northcentral Technical College December 2010 Report Disclaimer This Northcentral Technical College Strategic Marketing Plan Report was created for the use as an example for learning purposes and is not inclusive of the overall marketing and public relations initiatives at Northcentral Technical College. Sensitive and confidential information has deliberately been omitted from this report. Page 2 of 22 Northcentral Technical College Strategic Marketing Plan Table of Contents 1. Executive Summary 2. Company Description 3. Strategic Focus and Plan 4. Situation (SWOT) Analysis 5. Market Product Focus 6. Marketing Program 7. Financial Budget and Projections 8. Organization 9. Implementation Plan 10. Evaluation Page 3 of 22 1. Executive Summary Northcentral Technical College continues to experience a lack of awareness and brand recognition. The image and perception of NTC is improving, as evidenced by community visits held in 2009. However, the College continues to be a “best kept secret” in the market among many demographic groups. The 2010-12 Strategic Marketing Plan for Northcentral Technical College strives to build awareness and brand recognition and enhance the image and perception of the College, while continuing to support new and existing initiatives that will continue NTC’s growth and expansion to increase the College’s FTE and headcount enrollments. A wide variety of media and tactics are utilized to reach the primary target market, adults 1849, as well as the many dynamic secondary markets. The campaign strategy incorporates key messages to relate to the target and positions NTC as an institution that enriches the communities of north central Wisconsin by offering educational opportunities that allow students to attain or enhance marketable job skills, obtain degrees and certificates or prepare for transfer to four-year baccalaureate colleges under the guidance of industry savvy faculty and the support of a caring campus community. The Strategic Marketing Plan is a fluid, working document that is subject to change based on budget, technology, new market research or other significant key findings, as well as changes in the strategic initiatives of the College. This strategic plan is inclusive of the overall marketing and public relations initiatives at Northcentral Technical College. While not individually listed in this plan, the Marketing and Public Relations Team supports new programs, services and other initiatives consistent with the educational direction of the College. Page 4 of 22 2. Company Description Northcentral Technical College was founded in (1912). NTC is one of 16 districts of the Wisconsin Technical College System. NTC serves 10 counties including Marathon, Lincoln, Taylor, Price, Langlade, Menominee, Clark, Portage, Shawano, and Waupaca. There are 7 campuses. The central campus is located in Wausau at this address of 1000 West Campus Drive; Wausau, Wisconsin 54401. The 6 regional campuses are located in Antigo, Phillips, Merrill, Medford, Spencer, and Wittenberg. NTC offers the following number of instructional degrees: 33 Associate Degrees 22 Technical Diplomas 10 programs offering completion in less than one year 11 Apprenticeship programs More than 70 Certificates NTC provides programs and services to approximately 20,000 credit and non-credit students each year. In 2008 NTC graduate follow-up survey, 90% of the graduates from were employed within 6 months of graduation and 67% are staying within the NTC district as employees. Some of the recent successes of NTC are: NTC created an associate’s degree for sign language interpreter, NTC offered a natural resource camp for high school students, and NTC and Marian University partner together providing additional educational opportunities. The college began as the Wausau Industrial School in 1912. It was created by the Wausau school board, and Silas B. Tobey, Wausau School Superintendent, was the director. It was renamed 3 more times before it was called Northcentral Technical College in 1988. In 1969, the dedication and occupancy of NTC’s new facility which is located at 1000 W. Campus Drive, and is still there today. In 1994, classes where held at the Spencer Campus which is the last campus to open out of the 7 campuses. Page 5 of 22 3. Strategic Focus and Plan This section covers three aspects of strategy that influence the marketing plan: (1) the mission/vision, (2) goals, and (3) core competence/sustainable competitive advantage of Northcentral Technical College. Mission/Vision Northcentral Technical College’s mission statement is “Northcentral Technical College is the customer-focused, accessible provider of innovative life-long learning that builds a globally competitive workforce.” NTC’s vision statement is “Northcentral Technical College: Building futures one community, one workplace, one learner at a time.” Based on research the NTC website, here’s how I would rewrite the NTC mission statement: Northcentral Technical College is there for in order to help you learn the skills you need for your life-long journey after school. Here’s how I would rewrite the vision statement: Northcentral Technical College is going to build the community, workplace, and leaner to the best that it/you can be. Goals: For the coming 2 years, this organization seeks to achieve the following goals against which the company’s performance will be measured. (Financial goals have been deliberated omitted). Nonfinancial goals: 1. To: Increase the College’s enrollments. 2. To: Build awareness and recognition. 3. To: Enhance the image and perception of the College. 4. To: Build loyalty. 5. To: Build the college’s reputation better than any other competitors 6. To: Make the education better than any of its competitors Core Competency and Sustainable Competitive Advantage In terms of core competency and a competitive advantage, Northcentral Technical College seeks to achieve a unique ability to be accessible for everybody including flexible schedules and online classes. In my opinion, the most important thing that makes NTC unique above the competition is the quality of teachers and the hands on learning. The quality of the teachers has helped the Page 6 of 22 students learn the most they can, and they get the most out of the students. The hands on learning helps students prepare for experiences that they might see outside of school. Page 7 of 22 4. Situation (SWOT) Analysis Internal strengths of Northcentral Technical College: Caring, supportive faculty Affordability Exceptional job placement Transfer/ Articulation Variety of times to take classes during the day Positive attitude towards the learning experience External favorable external factors (opportunities) of Northcentral Technical College: Partnerships to increase enrollment Stronger relationships with local businesses Offering classes to high school students Able to reach many high students because NTC serves 10 different counties Internal unfavorable factors weaknesses of Northcentral Technical College are: “Just the tech” Second choice option (seen as not as good as a four-year degree) Waiting lists Older technology More classes without an instructor in the room; teaching through the T.V. External threats that Northcentral Technical College faces are: Decreased state funding New technology = Increased costs to keep up UW-Wood County being a 2 year (more superior than NTC,) very cheap to attend Most of the time, wages for jobs after going to NTC not as high if you were to go to a college In my opinion, the main internal strengths of Northcentral Technical College are the affordability, and variety of times to take classes during the day. In today’s time money is hard to come by, but offers a cheap education to improve yourself, and the variety of class times allows people to work and still be able to go to school. In my opinion, the main internal weaknesses of Northcentral Technical College are that it is “Just a tech,” and it is considered a second option. Many people don’t consider a technical college as they would compared to a 4-year college. In my opinion, the most favorable external factors (opportunities) for Northcentral Technical College are that it offers high students college courses. This gives students the opportunity to see what a technical college is all about and gives them credits at the same time. Page 8 of 22 In my opinion, the biggest external threats that Northcentral Technical College faces are decreased state funding and new technology means more cost. Since the state funding it going down NTC won’t be able to offer the opportunities to college students as well as the high school students. Also, if they have to get new technology then that means cost will go up which in turn might make the price of tuition to go up. Industry Analysis: Trends in Technical Colleges and Adult Education Here are three recent national and local trends currently happening in adult education industry. 1. Demographic The growth of the “Boomer” population (age 47-64) and the emerging trend of encore careers within this age group will have direct impact on the student population at NTC. While the “Boomer” population is growing, high school enrollments are on the decline. However, this trend is expected to reverse in 2011as the number of births in Wisconsin shifts upward. A growing minority population in the District will have a direct impact on the College and its programs and services. Two more higher education tends are: 1. The enormous challenge facing global higher education in the next decade is the uneven distribution of human capital and funds, which will allow some nations to take full advantage of new opportunities while others drift further and further behind. (http://www.universityworldnews.com/article.php?story=20090705084428637) 2. As a result of the ability to communicate globally and the information explosion, education must change. Most educators might not want to change, but the change is coming—it is a matter of when not if. The challenge is to prepare the children of today for a world that has yet to be created, for jobs yet to be invented, and for the technologies yet undreamed. (http://www.itari.in/categories/futuretrendsineducation/FutureofEdu-Tech.pdf) Page 9 of 22 “COMPETITORS” IN OUR INDUSTRY: Primary Competition: Private – For Profit Colleges and Universities Globe University Other Competitors: UWSP (4-years) UW Stout (4-years) Other technical colleges UW-Wood County ( 2-years) UW Eau Claire ( 4-years) Page 10 of 22 5. Market-Product Focus . This section describes the five-year marketing and product (service) objectives for Northcentral Technical College and the target markets, points of difference, and positioning of the products offered. Marketing and Service Objectives Northcentral Technical College’s marketing intention is detailed below. The objective is to sell more of these current products in current markets (market penetration): gain more students in program areas with declining enrollment. The objective is to sell these new products in current markets (product development): enroll existing students in online and flexible learning options. The objective is to sell these current products in these new markets (market development): to enroll more recent high school graduates in associate degree and technical diploma programs. Add 2 new products/programs/courses that NTC should develop that do not already exist 1. An environmental science degree 2. Add a bachelors degree in some programs if not all NTC should add these things because it will reach a more diverse amount of people. This way more students might come to NTC and it will make them that much better over their competition. Page 11 of 22 Target Markets Geographic Market The primary geographic market is the NTC district, which covers all or portions of 10 counties including Marathon, Lincoln, Taylor, Price, Langlade, Menominee, Clark, Portage, Shawano, and Waupaca. Customer Analysis: Here are the characteristics of the customers expected to buy this organization’s products. Demographically, this company’s products are purchase by consumers who are: Primary: Recent high school graduates Returning adults Dislocated workers Secondary: Middle school students High school students Parents The average age of the NTC student is 34, with 65 % of students age 25 or older. Average age of students in associate degree or technical diploma: 22 One in 11 residents over the age of 18 in the 10-county district, enrolled in NTC courses last year. The NTC student population is becoming more diverse with just over 8% represented as members of an ethnic minority group. In my opinion the primary target market or market niche of this organization is men or women over the age of 22. This is the main target market because over 65% of students are at least 25 or older. In my opinion the secondary target market or market niche of this organization is men or women under the age of 21 because these are students that in the future they might want to attract to NTC. Page 12 of 22 Points of Difference/Positioning The “points of difference”—or top characteristics that position Northcentral Technical College as better than the competition. Insert the Top 10 Reasons to Attend NTC 1. Everyone’s doing it 2. Affordable tuition 3. Location 4. Accessibility 5. Choices 6. Start your bachelor’s degree at NTC 7. Job Placement and Satisfaction 8. Qualified, Experience Faculty 9. Employability 10. Social Activities In my opinion, the most significant difference between NTC and the competition is the affordable tuition because in today’s society most people are tight with their money. When you only have to pay $100 a credit it makes getting your degree cheaper and life easier on people. Page 13 of 22 6. Marketing Program The four marketing mix elements of the Northcentral Technical College marketing program are detailed below. These strategies will be used to carry out the objectives stated in this Strategic Marketing Plan. Tactics Focused Marketing* For focused marketing efforts, the Marketing & Public Relations Team will meet with the appropriate individuals/teams to develop a program/initiative marketing plan that is aligned with the College’s overall strategic marketing plan. Target Market The target market for focused marketing efforts will vary by the initiative. Objectives Increase the number of inquiries for the program/initiative Increase the College’s FTE and/or Headcount enrollments in the program/initiative Build awareness of the new program/initiative Additional objectives will vary depending on the initiative Strategies Strategies will be developed with the program/initiative team and other appropriate individuals based on the program/initiative marketing plan and the target market(s). * Examples may include Weekend College, regional campus expansion, new program marketing, etc. Advertising Objectives Increase number of inquiries for the College Increase the College’s FTE and headcount enrollments Build awareness and brand recognition Strategies Timing The timing of the campaigns corresponds with the fall and spring enrollment periods. The fall campaign runs from the end of July to the beginning of September and again in the late September/early October to promote late start opportunities. The spring campaign runs from the end of December to mid-January and again in February to promote late start opportunities. Location The campaigns focus on the geographic regions surrounding NTC’s campus locations: Antigo, Medford, Merrill, Phillips, Spencer, Wausau and Wittenberg. Page 14 of 22 Product Strategy Product Line: Associate degrees Technical diplomas Certificates Customized training Continuing education Promotion Strategy Key promotion strategies include: Internet Website Social Networking Facebook, Twitter, YouTube Advertising Television Radio Outdoor Direct mail Grassroots Students testimonials Public Relations www.www.ntc.edu Website Objectives Build new CMS (content management system) website with new Web 2.0 features Position NTC as a college that serves each target audience in a unique way that is relevant to their needs, reducing the “one size fits all” approach Increase online sales by developing new “Program/Certificate” section that will provide a richer experience and interest to increase headcount and FTE’s Continue to condense web content and add images as necessary to engage current and prospective students Continue to be ADA Compliant Continue to promote real-time curriculum Two strengths of the NTC’s website are: It allows students to see their homework assignments and grades It provides a large variety of information that lots of different people can use Two recommendations for improving NTC’s website are: 1) Adding taped classes on the website so if students miss a day they can still watch their class Page 15 of 22 2) Provide specifics about each class that students can take Social Networking: Facebook “Giving people the power to share and make the world more open and connected,” is Facebook’s mission. The website goes on to state, “Millions of people use Facebook everyday to keep up with friends, upload an unlimited number of photos, shore links and videos, and learn more about the people they meet.” This social networking outlet will be utilized to connect current and future students with faculty, staff and each other. Enabling NTC to engage in a two-way conversation, Facebook will be both an outlet for the College to communicate to students and a means for collecting direct feedback. An organizational page, www.facebook.com/www.ntc.edu, was created for the College in October 2009. This allows the College to connect with students who “become a fan” or “like” NTC with event announcements, employment opportunities, news stories, photos, etc. Facebook also allows organizations to advertise to a target audience on a pay-per-click basis. Two strengths of the NTC’s Facebook page are: Allows students to see employment opportunities, new stores, photos, etc. Allows students to get to know each other better Two recommendations for improving NTC’s Facebook page are: 1) Consider adding homework assignments for classes to facebook, homework updates 2) Have an advertisement pop-up from a certain target market Mass Media To build awareness of the NTC brand while driving inquiries and applications for enrollment, mass media campaigns are implemented for key enrollment periods. Television Local spot television and cable television are primary media that are utilized for market-wide penetration with the primary and secondary target markets. The television media buy consists of three to four-week flights leading up to fall and spring enrollment. Media buys are selected based on primary target market preferences and typically include morning and evening news, daytime programming and prime time programming. My recommendation is to advertise on this broadcast station, during these 2 television shows, at these days/ times: Page 16 of 22 1. News Channel 13- Monday through Friday 5:00 pm 2. News Channel 9- Saturday and Sunday 6:30 am Radio is a primary media, as it allows NTC to have market-wide coverage with the primary target market. The radio media buy consists of three-week flights leading up to the Fall and Spring enrollment periods, as well as a two-week flight promoting late and rolling start opportunities. Media buys are selected based on the primary target audience and typically include varying day parts, with the emphasis on Monday – Friday, 10:00 a.m. – 3:00 p.m. and 3:00 p.m. – 6:00 p.m. and 7:00 p.m. – 10 p.m. Desired Placement: WIFC 95.5 WDEZ 101.9 WBCV 107.9 WKEB 99.3 (Medford) WACD 106.1 (Antigo) WCQM 98.3 (Phillips) WAXX 104.5- Monday through Friday, 5:00 pm WYTE 106.5 Monday through Friday, 7:30 am Billboards are selected for their mass appeal in the market and to allow for district-wide market penetration. A one-month campaign coincides with the Fall and Spring enrollment periods. Billboard locations are selected based on availability and proximity to campus locations. Desired Placement: Wausau Metropolitan Antigo Medford/Phillips Merrill Spencer Wittenberg Highway 29, outside of Wausau Highway 13, north of Marshfield Page 17 of 22 Print Black and white print ads may be utilized to augment specific initiatives. Desired Placement: Wausau Daily Herald Antigo Daily Journal Wittenberg Enterprise – Birnamwood News Merrill Foto News/Merrill Courier Phillips Bee/Park Falls Herald My recommendation is to advertise in these 2 newspapers. 1. Marshfield News Herald 2. TRG (Loyal) Public Relations Objectives Improve the perception of NTC as a top tier higher education institution Improve the perception that district tax dollars are being used effectively Create regional media interest using the “mentor” story idea Communicate and create an understanding of the NTC “mentor” story among faculty and staff Give dislocated workers hope and options for successfully returning to the workforce Position NTC regional locations as resources for information involving educational topics Faculty Involvement Develop a program to help faculty and other members of the learning team actively become involved with prospective students. Activities: Campus visits Seeking opportunities for faculty to offer credit training on high school campuses Speaker’s bureau of subject matter experts available to the NTC District Media NTC continues to foster relationships with key media contacts to continually promote NTC a resource for media topics. Story ideas that promote the mentor story will be used throughout the NTC District, each with a regional focus. Story Topics may include: Grant programs Student stories Partnerships with local businesses New programs and services offered How NTC is working to better communities Diversity of students served/ college demographics New workforce needs Prices of classes and programs Improvement of the college, new technology for example Page 18 of 22 7. Financial Data and Projections Note: Confidential financial data has deliberately been omitted from this report. Past Sales Revenues Historically Northcentral Technical College has had a steady increase between 7 % and 20 %. o Projections One year financial projection to serve 3,750 full-time students. Budget The Marketing budget supports the objectives of the overall marketing plan and includes allocations for media, collateral materials, promotional materials and WTCS dues and research. The budget portion of the marketing plan is updated annually based on available resources and the strategic initiatives of the College. Budget information is subject to change based on new and/or unplanned initiatives. Page 19 of 22 8. Organization A portion of Northcentral Technical College’s Organizational Chart appears below. As you can see, Susan Ryman, our contact person, reports directly to Katie Felch, Director of Marketing and Public Relations. Page 20 of 22 9. Implementation Plan This Implementation Plan shows how the company will turn this Strategic Marketing Plan objectives and goals into results. Schedule for Implementing Strategies described in this Plan Page 21 of 22 10. Evaluation Assessment of marketing and public relations activities allows the Marketing & Public Relations team to benchmark the effectiveness of tactics to help guide future goals and objectives and the utilization of resources. The following measurement tools are in place: Web Tracking By utilizing Google Analytics, we can evaluate how key campaigns and initiatives impact Web traffic and registration. Through Facebook Insights, we can evaluate how many “fans” visit the NTC Facebook page each week, the demographics of our “fans,” how many interactions we have each week and more. Inquiry Tracking The MPR team maintains a Microsoft Access database with student demographic information. Within the database, trends and analysis can be completed on criteria including program, age, geographic area, etc. Data is analyzed after key initiatives and campaigns and is utilized extensively by some learning divisions. FTE/Headcount Enrollment Trends College progress toward the goal of 4-4-4 and growth in FTEs and headcount provide an indirect indicator of marketing and public relations success. Community Visits Community visits conducted by the President and College staff provide anecdotal feedback on the image and perception of the College, which is then utilized and analyzed by the Marketing & Public Relations team. Research Routine research is conducted to evaluate awareness, image and perception of the College. A research study with Appleseed will be conducted in Summer 2010. Page 22 of 22