Victoria Robinson, CIM HE MIG PR representative
As Head of Marketing and Communications for the Association of Business Schools I was intrigued to find out more about how loyalty is encouraged (particularly in relation to undergraduates) and how business school marketers manage the student life cycle.
As we know the decision making process when it comes to higher education is complex – rankings, employability, fees, reputation, location, social media and peers all play a part – so what tools are business schools using to try to push students up the loyalty ladder to go onto further study with them, especially in such a crowded marketplace?
This was the basis for my research into whether business schools practice what they teach when it comes to marketing and CRM.
Deans of UK business schools and marketing managers are under increasing pressure to convert applications into enrolments and retain existing students but few seem to have fully embraced the notion of SRM in terms of systems. It is known that systems are expensive to install and can take up to two years before they are fully functional.
Marketers can use student relationship marketing techniques within higher education, as one strategy to try to recruit and retain satisfied students who will then be less likely to withdraw during the first year of study, which costs the university money and valuable effort, as well as potential loss of reputation and damage to the brand.
The way in which students expect to receive their information is changing, with the advent of Web 2.0 and multimedia devices. Business schools must be at the forefront of how information is sent, received and viewed. Students expect a lot more information twenty-four-seven and want to filter out the ‘noise’ from mass untargeted messages.
Higher education must practice what it teaches to its students and adopt strategies to better target its ‘customers’ with personalised and relevant information. It is clear that better use could be made of off the shelf systems and that many institutions are running tactical campaigns from disjointed databases which are not ideal. The benefits to both students and the business school are clear but adoption is slow with a few schools excelling and the others trailing behind. SRM/CRM is the hot topic in education and many seek this holy grail of student management. Students expect higher standards and as marketing puts the customer at the centre of everything we do
To read the abstract and findings *click here*
For a full copy of the dissertation or any further information please contact: Vicky Robinson
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