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Symposium for the Marketing of Higher Education : American Marketing Association © Copyright 2004 Mosaik Strategies, LLC.
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Symposium for the Marketing of Higher Education : American Marketing Association Key Points Diversify or Die! Your institution’s economic health depends upon it Our country’s economic health depends upon it Partner with Stakeholders Steps to Engage Partners
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Symposium for the Marketing of Higher Education : American Marketing Association Diversify or Die!
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Symposium for the Marketing of Higher Education : American Marketing Association U.S. Population Ages 15-29 Source: U.S. Census Bureau, Statistical Abstract of the United States, 2001.
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Symposium for the Marketing of Higher Education : American Marketing Association Total Population by Race Source: U.S. Census Bureau, Statistical Abstract of the United States, 2001.
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Symposium for the Marketing of Higher Education : American Marketing Association College Enrollment Source: U.S. Department of Education, National Center for Education Statistics, 2002.
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Symposium for the Marketing of Higher Education : American Marketing Association Photo Illustration by Jay Montgomery for DiversityInc Magazine, August/September 2004
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Symposium for the Marketing of Higher Education : American Marketing Association Photo Illustration by Jay Montgomery for DiversityInc Magazine, August/September 2004
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Symposium for the Marketing of Higher Education : American Marketing Association Minority Enrollment Minorities are continuing to enroll in colleges/universities at an increasing rate
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Symposium for the Marketing of Higher Education : American Marketing Association QUESTION: Where are they going to enroll?
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Symposium for the Marketing of Higher Education : American Marketing Association Unmet Minority Needs Inability to tap significant purchasing power Untrained workforce Half of US citizens will not be equipped to fully contribute
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Symposium for the Marketing of Higher Education : American Marketing Association Result Market will establish ways to meet its own needs Those institutions that meet the needs will survive Those institutions that evolve with the needs will thrive
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Symposium for the Marketing of Higher Education : American Marketing Association Increased Diversity Different Challenges Assimilation Issues Social/Religious Differences Language Barriers Poverty Low Preparedness
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Symposium for the Marketing of Higher Education : American Marketing Association Addressing Challenges Create processes to accommodate more diversity Create programs to encourage and ensure success Increase marketing to minority groups
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Symposium for the Marketing of Higher Education : American Marketing Association Marketing to Minorities Research and Understand Local Composition Segmentation is Critical Prioritization Research and Understand Needs of Target Market(s) Communication is Key
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Symposium for the Marketing of Higher Education : American Marketing Association Understand Your Target Know how to reach your target
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Symposium for the Marketing of Higher Education : American Marketing Association Increase Minorities Increase Interest The other stakeholders: BUSINESSES
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Symposium for the Marketing of Higher Education : American Marketing Association The Business Case Education Recruiting Efforts Diversity
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Symposium for the Marketing of Higher Education : American Marketing Association Steps to Engage Businesses Identify Benefactors Identify Companies Targeting Your Graduates Understand the WIIFM Factor
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Symposium for the Marketing of Higher Education : American Marketing Association Identify a Champion Identify a Contact Make the Connection Follow Up Steps to Engage Businesses
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Symposium for the Marketing of Higher Education : American Marketing Association Backup
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Symposium for the Marketing of Higher Education : American Marketing Association 2002 Purchasing Power (in billions) Hispanic = $630* Asian American = $296.4 African American = $645.9 Native American = $40.8 Sources: *Hispanic Association on Corporate Responsibility, Statistics, Hispanic Demographics, 2002. Wow! Facts, Diversity Best Practices, 2003.
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