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Online Bachelor of Business Administration . Mission . Provide students an alternative, accessible business education Equal value and integrity as a traditional on-campus BBA program. Ensuring that our programs are of reputable and advantageous caliber. Marketing and Product Objectives.
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Mission • Provide students an alternative, accessible business education • Equal value and integrity as a traditional on-campus BBA program. • Ensuring that our programs are of reputable and advantageous caliber.
Marketing and Product Objectives The objectives on the following are designed to be specific, measurable, and achievable within the period. • Financial Viability • Educational Value and Integrity • Outreach and Promotion
SWOT Analysis • Demographics • Socio-Cultural • Competitive • Technological • Economic • Regulatory • Tuition • Technology • Administration • Faculty • External
Target market • People that need a balance and flexibility of education alongside their everyday lives • Young people between the ages of 22-40 • Those who hope for a full BBA degree online with the same integrity and value as a full on-campus BBA degree
Marketing objectives • Research, investigate, and/or identify most effective methods and promotional tools • Solidify and clarify information about the online BBA program • Present and package the information about the program in a way that strikes interest among those canvassed.
Product Strategy • Will be offered in its entirety in a strictly online format. • Students will enroll and register for courses thru the University website. • Classes and examinations will be conducted online. • offer all BBA courses each semester, and students can pick when and what course they want to take per semester. • offer additional computer and internet technology assistance to those who need familiarization and assistance.
Pricing Strategy • Canadian Citizens/Permanent Residents $111.18 per credit • International Students $425.00 per credit • All BADM, BCPT, BFIN, BMKT, CMNS, IBUS 300 and 400 level courses except CMNS 351, 371 and 400: standard per credit tuition fee or international student fee + $40.80 per credit
Place Strategy • use the direct marketing channel it already in place, performing all the channel functions of: • selling its programs (transactional), • delivering its services by way of classes (logistical), • and processing payments, even offering financing by way of scholarships and bursaries (facilitating).
Promotional Strategy • Current print advertising—North Shore News and Georgia Straight will continue • Additional print advertising—free daily commuter 24h • Billboard advertising • Informational booths will be set up at the campus • CapU website and its Facebook page. • View books, posters, and brochures. • Advertise on those partner universities’ websites.
Budget • 50, 000 budget for online BBA Marketing • Last year’s traditional BBA program $20, 000 for its marketing costs • Most of the additional $15, 000 will go into advertising with 24 and Metro, creating a promotional package for the partner universities
Evaluation and control • Student enrolment: the number of students enrolled • Financial feasibility: the costs associated with the program.