Showing posts with label MBA. Show all posts
Showing posts with label MBA. Show all posts

Saturday, 8 February 2014

A very Japanese approach to marketing a Kit Kat

Regulars to this blog will know my interest in all things Japanese, marketing and confectionary, and particularly the recent trend to reinvent (I would say 'sex up' but that does not have a very academic chime to it ?)  long standing stalwart brands, such as the Snickers bar and even old faithfuls from days gone by like the traditional custard cream biscuit.  


I have an inkling of looking into retro sweets, you know, those old fashioned boiled sweets you used to buy loose from a big jar, like strawberry bons   bons, pontefract cakes and mint imperials.  It seems sales of these products grew significantly last year (nothing to do with Wolworth's demise I suppose ?).  My old favourite 2p priced liquorice stick is now retailing at an eye watering 25p, supposedly because suppliers are hard to find according to our local olde worlde sweet shop.  


Imagine my delight when Hayata-san, over to visit Royal Holloway before putting in an application for the full time MBA programme, presented me with a gift set of unusually tailored Kit Kat special editions.  Since my last visit to Japan, when we picked up sakura, green tea and wasabi flavoured gift packs using our last Yen currency at Narita airport, the clever marketing people in Nestle' Japan have taken the ideas further and developed a wider range of options.  Some leverage an interesting flavour, so chilli draws from the ancient Aztec {savoury} dish that sees chilli and chocolate blended together for the adventurous palette. Strawberry cheesecake uses a white chocolate coating and biscuit infused with red goo.    Both have got to be winners with a clear appeal of dare and hedonistic pleasure.  Others that purport to regional Japanese differences allow for a Tokyo product to boast its own geographic credentials, and fit effectively in the Japanese gift giving culture that seeks to venerate an element of the local culture.  



Hurrah ! say I.  In a world that is increasingly homogenious, seeing a global brand localise in such a manner is genius innovation and that just has to be congratulated.  

Not forgetting that the simple and relatively cheap, packaging adaption (four large bars are wrapped together using a four colour, gloss printed, cardboard sleeve) repositions a generic and ubiquitous fmcg item into a bundle that makes it suitable to give as a gift for family or in a business context.  Added value, marketing premier league style !

Arigato Hayata-san !    




Monday, 20 May 2013

Building Powerful Arguments - use a Knight in Shining Armour


I know (from bitter personal experience) that at times whilst studying for an MBA qualification you would love for a knight in shining armour to come to your rescue, slay your dragons and allow the situation to move on to the happy ever after scene.  This is a rather light hearted post that uses the knight/armour/fighting metaphor


Writers block.  Stress.  Can't understand how to write a 'good' paper. 

However you describe it, I fully imagine that we all face/have faced this kind of situation at some point.  Thankfully we have fellow course mates and family members to help, but I thought the following advice might be useful ? 


I would like to put forward a visual metaphor I learnt from a fabulous ex-colleague Jo Donachie, a gifted and patient study skills specialist.  I do not claim for this idea to be an original, but with a bit of my own creative story embellishment I have found this to be a highly effective way to communicate a tricky concept that causes much frustration.

First of, and bluntly delivered the shortened version:

Step 1:

 

"I don't care what you think." 

 

Step 2:


"Imagine yourself naked."

 

Step 3:


"Use the published words of others as armour, and go into battle with no gaps showing"




Now that I have got your attention, I can explain each of this steps in a little more detail.  And, before you ask, there are no plans for a short TV Series titled "The Naked Academic."

Step 1: Attention grabbing head line "I don't care what you think !"

The harsh reality is little or no credit is given to the personal opinions of students.  What is expected is hard evidence in the form of data, quotes and paraphrased ideas identified using Harvard in text referencing (every idea, each one).  This rich content (gleaned from hours of careful searching in the library and using e-journal search engines) is then carefully constructed into an objective consideration of the facts.  The use of the third person clearly helps establish that this is not a personal opinion.  The choice of content, the extent to which various aspects are covered, of course, can give a piece of writing a sense of the writers own perspective.  However, the exclusion or over looking of leading ideas and concepts might be considered as either poor scholarship or deliberate bias.



Billy Buff

Step 2: Shocking comment "Imagine yourself naked"

Clearly some care is taken in delivering this line.  It can be softened, if offence might be caused, by talking about imagining someone else naked, yours truly excepted.  Then the task is to carefully identify a variety of different shaped pieces of armour to cover the naked body.  In this metaphor, each piece of armour is considered to be the words of  expert opinion, dutifully referenced. 


Stay with this - it comes good in the end !

Final Step 3: The message wrap "Use the published words of others as armour, and go into battle with no gaps showing"

Each suit of armour is different to fit its rightful owner, but shares a common pattern of construction and constituents, aping the introduction, argument threads and conclusion seen in a strong essay. 

The fit should be tight, with no gaps, lest a stray arrow defeat the brave knight.  No excess armour should be carried, as getting stuck in the mud and being picked off by nimble foot soldiers is a poor ending.  Write concisely, avoid over emphasising one area, at the cost of killer blows elsewhere. Rather, have glorious memories of thrust and counter thrust of incisive analytical blows that legends are made from.  [Don't waste words on descriptive 'mud', concentrate on the exciting fighting/analysis]

Eurovision null points for artistic capability

As the broad sword can be countered by a shield, both sides of an argument should be considered and the armour carefully fitted together as a coherent body, each individual part having its own important role to play, yet still adding to the whole.

At this point there is often lots of head nodding and the story is all but done, without the need for further explanation or clarification.  Just sufficient time to pepper our iron clad pupil with pre-battle bullets (but my brilliant history colleague Professor Justin Champion would say "Didn't they come later ?");

* Published expert opinion, not lecture notes (they aren't published).  

* Not usually web sites, unless they can be identified as authoritative. 

Sir Royal Holloway of Egham perchance ?

 

Go forth brave Scholarly Knight of Harvard and fight the good fight !


For further help on writing for academic purposes take a look at previous postings in the zone May-July 2012.  E.g. Lovely Literature Review

Saturday, 23 March 2013

Noh Drama here, we're MBA students !



As a two times College Teaching prize winner in 2012 Justin O'Brien, MBA Director at Royal Holloway, University of London looks each year to grow and develop his teaching portfolio with new innovations and collaborations.  With a goal to provide at least five "pixie dust" moments (poignant and highly memorable learning experiences) for the prestigious full time MBA programme one of this years innovations was via an enterprising barter based collaboration with  Dr Emma Brodzinski from RHULs highly regarded drama department.

.

The RHUL Drama department is going through a rather golden period at the moment, benefitting from a stunning refurbishment of the 'old boiler house' theatre space and across the A30 the building of a stunning new and state of the art theatre, to be named after leading English playright, Caryl Churchill, slated to open in Summer 2013.

The MBA group, having attended a Caryl Churchill production at the Royal Court theatre and participated in a get to know each other warm up session, were invited to attend a day long work shop with Dr Emma Brodzinski and professional actor,  Alex Turner, one of the founding members of of non zero one, the RHUL Drama department's resident theatre company 2012/13.  






The group were lead through a variety of exercises to help develop self-awareness and a sense of groupness, that saw many MBA candidates find themselves pushed into their discomfort zones quite quickly.  The approach was drawn from experience of developing a strong group ethos amongst professional drama troupes that demanded extensive use of movement, communications skills and reflection.

One exercise saw the group brain storm a number of different useless objects that they were then asked to go away and prepare a sales pitch for.  One of the ideas that required the use of the improvisation technique was plugging shampoo for bald people.  In addition to the development of creative thinking, students were required to work spontaenously in small groups to deliver an impact presentation of their ideas. 





The brief given to Emma Brodzinski, who designed and delivered this highly innovative workshop with collaboration from Alex Turner, sought to challenge the MBA students in a very different way and push them firmly into their discomfort zones.  Whilst some students struggled to connect with the activities, others found the final afternoons performance aspects a little bit too much out there.  The majority of participants in the whole workshop found it to be a rewarding and enjoyable experience. 



The drama sessions concluded with a performance piece in the Noh Theatre space.  Royal Holloway Drama look after Europes only Japanese Noh theatre (pictured below), a beautifully carved natural and untreated wooden construction, it is considered  by many as a holy space and used to present highly ritualised live performances.  Management students would never normally be provided access to this space



Jessica explained about the drama experience "It gave us the opportunity to experience management theory and practice in a way that was very different from what we've encountered in the classroom so far. It was refreshing to find how dramatic exercises such as developing a mock advert sketch or creating an abstract performance piece based on a work of poetry could be usefully complementary to our course. The workshops were also a great bonding opportunity for us -- we learned a lot about one another and discovered skills we didn't even know we had. "

Elena commented that "Anyone who worked as a part of a team in their job really appreciated these sessions. No one teaches you how to manage a room of over-excited people or read the intricacies of body language and energy levels when you start a new job. But those skills are essential for any leader. I will definitely be able to bring the skills from these sessions to the workplace."

Nathaniel Johnson said "I presumed that the Drama Development workshops were simply geared towards enhancing presentation skills, but I soon found that it was so much more.  I assumed that I would spend my time doing artistic re-enactments of dramatic pieces, but the activities proved to be enjoyable, relevant and extremely useful. 
The sessions enhanced my awareness of differing dynamics within groups and the activities focused on improving communication and collaboration.  The sessions contrasted the norms of our rigid lectures, coercing me beyond my comfort zone. However, participation was rewarded with a great experience, a greater understanding of myself, and my cohort.  Additionally, I discovered that my competitive MBA cohort, like to be silly and have a fun side too."

Dr Emma Brozinski felt the experiment was a great success.  The group were very engaged, and although she set her expectations a little lower, as none of the students had any background in drama, the enthusiasm and focus the MBA group brought to the enterprise to a highly successful conclusion. 



Justin O'Brien, in his role as MBA Director, stated "This is exactly the kind of activity that Royal Holloway MBA candidates appreciate.  It celebrates our strong arts based heritage, benefits from cross-disciplinary team teaching in a highly innovative format that sees students stretch and grow from a full range of learning experiences."

Tuesday, 26 February 2013

What's in a name ?

What's in a name ?


As a life long student of marketing, I am always looking out for creative examples to capture and be used to engage a future group of like minded students.  My wife despairs of me at times, because out of nowhere, she will have lost me as I have stopped dead and quickly look to whip out my camera and capture the memory of an inspiring vignette for a yet to be determined class.  (It has got better - I used to teach lots of aviation related topics, including a module on airport terminal design, and this meant arriving an hour early at each airport, not to avoid traffic delays and the stress of rushing to the airport, but so that I could explore the entire airport more completely and pick up as many brochures and leaflets as I could find.)

Recently I have captured a number of images of products or companies that I feel are particularly clever names.  This idea of "Doing exactly what it says on the tin" is one what has been rather relentlessly used by a certain varnish/coatings brand (Ronseal), to an extent that this phraseology has entered the common UK vernacular.   Rather annoyingly for Ronseal, their brand name is often the omitted element.  Take a look at an example (above) of their straight forward approach to advertising, one of many advertising executions that have a certain appeal.  Lasting too, just like it says on the tin ! 


We moved house recently and rather reluctantly I agreed to the buying of a new mattress for our bed.  I was particularly grumpy about the whole exercise until after we had secured the (rather heavy) item on its iron frame.  My face lit up the moment I spotted the manufacturers label.  Instantly, it evoked a powerful, highly memorable, fairy tale of old. But, at the same time, in line with effective advertising approaches, a single minded proposition that suggested that the huge expense was going to be worthwhile, years of comfortable sleeping lay ahead. 

And sure enough, the mattress is very comfortable.  Unfortunately for me, it is so firm and straight,    -all-the-way-to-the-edges-, that my duvet keeps dropping off the bed in the middle of the night.  Sublimely comfortable, but cold.


PDFprint@btclick.com strikingly obvious service offer !
On my way back from a days meetings in Bloomsbury, where the University of London offices are, my eye was attracted to a bold, large and particularly prominent sign. 
PDFprint@btclick.com is the only visible sign in this central London print shop, drawing more attention to the sign using clean white font on bright red background. Perhaps the outlet was limited by planning regulations from putting this sign on the outside or windows.  Apologies for the poor photo (I was on the run, with only my camera phone to hand).  I particularly liked this banner, as it clearly explains what you have to do within the confines of an email address.  You need to send PDF (not word or any other text file format, to this email address and this print shop will have it done for you...)  Why pdf ? I guess to ensure that the spacing and pagination is not altered in any way.  It is a shame that the strategic branding team at valiant UK champion of airline deregulation British Midland, in its final years re-branded as bmi (all lower case), did not think about their naming conventions more carefully.  When they wanted to give birth to a baby (a popular strategic notion in the 1990's and noughties) and repackage their predominantly price sensitive, leisure oriented UK regional flying they called it bmibaby.com.  Warning: the Google search for be-my-baby is remarkably similar, and not to be undertaken using a company owned computer. 

"Can I have a pint of T.E.A please ?"
I recently attended a stag (noram: bachelor) party that saw an illustrious gang of fine, middle aged men take a slow walk around a local Surrey brewery, whilst sporting Hawai'ian T-shirts and traditional lei garlands.  T.E.A (Traditional English Ale) from Hogs Back Brewery is a very clever name, a gag that sees public house patrons order "a pint of tea, please", a talking point that will no doubt make the brand more memorable. The clever visualisation of the brewery on the ridge of a male pig another pun.  More anon on this particular pet project I promise. 

I try always to bring in a sense of my work place into these blog postings.  My own Alma Mater, Warwick University, benefits from a bit of creative naming.  With part of the campus in Coventry (the closest city) and part in Warwickshire, the foresighted decision makers went with Warwick University (pronounced Warrick, not War-wick).  With a pounding from German bombers in WWII and an economy reliant on manufacturing, Coventry did not have a great reputation in the twentieth Century.  I imagine still today, as my undergraduate days, each September new students pitch up to Warwick train station and find themselves some 10 miles from the prestigious university's campus. 

Royal Holloway, University of London
Royal Holloway, University of London (RHUL) is the trading name of a much longer legal entity (so long I don't dare try to write it out fully, lest I get it wrong) that evolved after the merger of UK's first and second higher education institutions that were open to women.  Most of the central London property that came with Bedford College was sold and the funds used to build luxurious student halls of residence that boast bright airy communal kitchen spaces and individual rooms with their own toilets.  The remaining central London footprint enables meaningful use of the umbrella 'University of London' (as most students study at the Egham campus, set in the leafy, Surrey suburbs a short train journey from central London) which has a strong brand resonance globally.  The 'Royal' title comes from the association with Queen Victoria, who opened the College and is recognised with a large, white marble statue in the northern quad of the signature Founders building.  'Holloway' is the last name of Thomas and Jane, the childless benefactors on whose fortune the College is founded.  I like to think of 'RHUL' as being multi-faceted, that helps establish a strong, vibrant brand for our College community. 

Thursday, 7 February 2013

The age of Digital CRM has arrived !!

The Age of Digital CRM has (finally, eventually) arrived !!




"How odd !" I thought this morning when I logged onto my PC.  The day was not going well.  I had to clear my busy diary and work from home, nursing #1 son, whose sore throat and general illness prevented him from going to school today.  An experienced parent, I have learnt when one of my boys is really, genuinely sick.

I am also reminded by my ever-so successful and terribly busy fellow working but active parent chum H (vs. rarely seen upgrade v2.1) not to over share personal details on social media.  LoL (it doen't mean 'lots of love' any more...)

This week I commented on a (good) draft of a literature review on mCRM, having recently given the "over promise, under delivers" CRM lecture for second year Management undergrads.  With a culture of 'always on' mobile devices supporting push email, huge data processing warehouses and web 2.0, all the esential ingredients would appear to be in place for some genuinely individualised, appropriate and effective 121 marketing to be coming our way (or Customer Relationshp Management if you will.) 


For several years I have been using this YouTube clip from the Tom Cruise movie Minority Report (Cruise plays a pre-crime policeman, whose role is to intercept criminals just before they commit the deed) to bring alive the idea of the ultimate personalised, automated shopping experience.  Whilst retina scanning remains the preserve of passport authorities and airports (it is slower to catch on than most envisioned based on the technology deployment at Heathrow airport) the mobile device, technology convergence and wifi/bluetooth provide tech savvy entities with the opportunity to lead the implementation of contextually relevant mobile advertising.  Think of the 'Around Me' ap.  Never thought this would be useful, how wrong can you be ?  Spy on your family members location using the mobile fone tracker, lovin' it, to appropriate a McDonald's tag line.

I've had three inappropriate direct mail executions arrive at home (H advises not to be too detailed here) in the last week. 

(1) Someone claimed to have serviced our boiler before we moved in.."Dear Homeowner"..not going to use them, British Gas gave me a list as long as my forearm of issues around the rather cowboyesque instalation that will see me digging a drainage trench and filling it with little limestone chippings when the weather lets off.  I've already lagged an outside pipe, tried to fill a void that sucks all the heat out the house and spent £5 on a little, bendy, plastic, valve thing that will squirt over-flowing boiling water on your feet rather than spray you in the face.

(2) VW thanked me for my recent inquiry.  You know I love my Beetle.  How did they know I'd been looking at a Volvo V40 Cross Country ?  I certainly won't be buying a VW next unless they start manufacturing a 21st Century camper van, with a flat front and circular lights.  I hadn't actually made an inquiry with them.  My boys and their chums need more leg room than the Beetle can provide, however macho the new Beetle mark III is. 

(3) Johnnie Boden (once a close personal friend, whose annoying behaviour is nearly seeing him put on my barred friend list).  I need say no more.  Every week he offers me 20% or 25% or free something.  Or season sale.  Or pre-season special sale.  I am a free clothes peg for his XXL flowery shirts.  He can't bring them out quick enough.  I like them so much I even pay full price some times.  I wear them at campus on show pony days to illustrate my non-conformist yet conformist credentials. 
                         Collar, but not corporate. 

Unfortunately the offers are coming so thick and fast I don't believe them any more.  The designs I like are rarely featured in the sales in my size.  Come on little people - S and XS - help Johnnie out and buy your share of his ranges so I don't keep getting bombarded with enticingly empty offers.

This kind of slack marketing gives the profession (errm) a bad name like PPI mis-selling cold callers.

Anyway, back to Google.  I don't recall telling them when my birthday is, but so many logins require this data as part of your sign up (great for marketers to analyse the socio-demographic of their audience) I guess they know.  I never asked them to send me a birthday message, in fact, I don't think I would welcome such an intrusion.  Hence, my wry smile at seeing the Google cake logo on my search engine page.  This rather perfectly hit that balance of plesant surprise, but not uncomfortable leaning over your shoulder and gauping. 

I had to go back and check (lest it be some momentus world leaders birthday too), my hovering mouse had a subtle yet perfect text within it "Happy Birthday Justin !". 

They had even spelt my name right !   mCRM - bring it on....

Thursday, 31 January 2013

Effective Academic Writing

Many of the Royal Holloway MBA programme, actually most candidates, have not studied under the UK university system before starting their studies.  One source of anxiety is always around meeting the expected academic writing style. 

Edited below are a few bits of advice I share with students. 

Harvard Referencing

It is often called the (Author, Year) method, where the author's last name is used in text and page number only if a quotation is used.  After the first instance it is acceptable to use the Latin 'et al' after the first author's name in text for succinctness. Every new idea is expected to be referenced to its original source.  Students are encourage to read academic journals to experience this writing style.

Bibliographies (at the back of a paper) should not include bullet points or number lists, and be sorted by Author's last name from A to Z.    You list only the sources you have read yourself and use 'op cite' if it pertains to older work in a newer text.  Note: class lectures are not usually recognised as published sources.   Full guidance is provided in the student handbook, but it is surprisingly often forgotten about in the pressure of an assignment deadline. 

Attention to detail

Think about walking into an interview - what impression does your first glance make - do you leave toothpaste on the side of your mouth and a bit of toast hanging off your beard ? Presentation is very important, more so in the early pages when key impressions are being formed.   A good UK spell checker helps ensure that words are accurately spelt - but it is important to proof read all assessed work, spell checker does not pick up wrong words and poor sentence structure. 

Too much description detail and a lack of analysis

New and returning students have a tendency to be overly descriptive and miss out on critical analysis.  Many students like to start with a general 'background' paragraph, which eats word count and generally does not earn marks.   At MBA level, descriptive content (re-working of ideas already presented) carries little or no credit (however well written). Critical analysis is expected.

A great starting paragraph explains the SET question and provides clear sign posting on the structure of the paper that follows. This can be concise. Students get poor marks sometimes because they do not really refer to the question at all, others decide to re-write the question into something different. There are zero marks for beautifully answering a different question.

Points for top enders

Fully understanding how to reference effectively, craft powerful arguments using published expert opinions and weigh opinions effectively using an academic tone is the academic writing challenge.      The very best way to develop a strong writing style is to read (you read for a degree !) widely across a variety of academic sources (text books and e-journals - accessed via EBSCO, Emerald and Science Direct).   Students can access our impressive range of e-resources on their own computers from listerally anywhere in the world (with an internet connection).  For the past couple of years Royal Holloway MBA candidates have benefited from a personal Economist subscription, which is also a great source of analytical writing, even if it does have a strong, right leaning political agenda.

Note from the Editor

Extra care was taken in seeking to minimise spelling errors and ensuring the text reads well, given the nature of the post !  As a touch typer with a can do agenda, spelling and grammatical conventions have never been a personal strength and I always took great care in proof reading all of my own University assignments.

Fast Fashion - Peter Schonbeck guest lecture

As you would expect from a leading MBA programme, at Royal Holloway we like to expose the student group to a variety of external speakers where ever possible, in what is frankly speaking a very packed and demanding schedule.  Thanks to our leading research reputation and long history as a place for thought leadership we are lucky to boast a rich and wide variety of guests who are keen to share and learn from interaction with RHUL staff and students.
A strong supporter of the MBA programme in recent years has been Peter Schonbeck who brings over 25 years work experience in the fashion industry, which includes senior positions with global brands such as Levi Strauss, Timberland, Tommy Hilfiger and Barbour. 

During Peter's guest lecture slot he covered the changes in the nature of the industry, with examples from high fashion companies such as Burberry, Levi Strauss, VF, Superdry, Inditex and Uni Qlo.  The sector that has been remarkable for experiencing strong growth, despite a challenging economic climate in the west since 2008, thanks to impressive sales in Asia, and the emergence of a cadre of people keen to show their wealth and status using luxury fashion clothing and accessories.  Many students find this phenomenon very intersting and it is a popular dissertation topic. 

Peter introduced the concept of fast fashion using the example of the highly successful Spanish fashion brand Zara, part of the larger Inditex group, which describes itself on its website Inditex.com (2013) as "One of the world's largest fashion retailers," with "eight store formats -Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe - boasting 5,887 stores in 87 markets."  The fast fashion model breaks away from the traditional seasonal collections model by offering an ever evolving range of clothing with monthly updates of lines, seeking to reflect the latest innovations.  Staple classics (a little black dress or navy polo) are bulk manufactured with long order lead times and shipped using the lowest cost option to offer consumers strong value for money options.  Added to these are shorter runs of quick turn over items that might reflect an "in" colour or design that might be considered temporarily as high fashion, which are able to command the price premium their local (quicker) European manufacturing process carries.

Steve McQueen TM Barbour Waxed Jacket
The market push towards fast fashion and premium brands sees the middle market squeezed, according to Peter.  This seems to fit with Porter's concept of generic strategies, which identifyies just three key strategic options; low cost (fast fashion), differentiated (luxury) and focus.  Traditional brands such as privately controlled Barbour, who have historically benefitted from a conservative position in the outdoor clothing market, might be seen as a good example of a focus brand. 

Historically unencumbered by shareholder driven requirements to grow revenues and profits, the Barbour brand has been happy operating with relatively stable sales to traditional market segments. However, this is now changing.  Inspired by uncovering worn wax jackets from an elite forces veteran found in the archives and in good marketing style re-cycling an old idea but giving it a contemporary twist, conservative Barbour launched a new line recognising the iconic movie legend Steve McQueen.  As a keen biker, McQueen chose to wear a four pocket, belted variant of the traditional wax jacket, a design that pushes rain away from the legs whilst allowing freedom of movement.  The further development of quilted jackets and lighter summer apparel enabled Barbour to address the seasonality in its business and open into warmer climate markets such as Italy and Japan. 

One of the dangers Barbour has clearly considered is the risk attached to moving away from being an iconic, timeless brand and the potential roller coaster ride that can see fashion brands experience on a fast ride that includes twists and turns, highs and lows, and the danger of been seen as being out of fashion, rather than transcending it as Barbour did successfully for many years. 

Wednesday, 30 January 2013

More Nuts ? or More Caramel ?

More Nuts ?  or More Caramel ?


I found myself in B2B marketing a couple of weeks ago identifying the price (and product) taker position for most customers in the B2C context, which is often different in a B2B context where some proposition tailoring or development might reasonably be considered on both buyers and suppliers.

One of my favourite brands, McDonald's, came to mind to as an example.  Whether you love the gherkin or not, I doubt very much if you will get McDonald's to leave out the spicy green slither of pickled vitamins.  When you work with groups of truly global students it is always helpful to have a range of familiar global brands to use when you want to invite students to draw on their own experience.

As a truly global traveller (I have visited McDonald's in more than 45 countries worldwide) I know that Mickey D's offers a pretty similar (but not identical) short order menu everywhere.  Okay - strictly speaking Burger King did promote a customisable burger experience (along with flame grilled burgers and toasted buns) with a tag line along the lines of "Have it Your Way" allowing choice of ketchup and onions.  Fortunately, this didn't come up.

Randomly I then picked on a Snickers and suggested it would not be reasonable to ask a confectonary retailer to increase the amount of nuts in the bar, nor change the mix of fluffy mallow and chewy caramel. 

Imagine my surprise and quite frankly speaking, embarassment, when a week later I noticed strange labels on my favourite chocolate bar.  What's this I thought ?  More Caramel, More Nuts ?  Limited Edition. 

Does 'Limited Edition' engender a sense of urgency "buy me now or regret it forever" ?

Clearly following the current trend (possibly initiated in UK by Walkers crisps) for engaging consumers and putting out new product development into production, allowing consumers themselves to influence the final decision. 

Clever, thought I.  (I'm going as an oversized Yoda in an authentic Jedi dressing gown to a fancy dress party soon, needing to adopt his sentence structures, am I).  They can assess the produce sales speed and figure out if consumers prefer a mixture that has more of either of the key ingredients.  But, engaging my logistics/supply chain management MBA learning, it soon dawned on me this was going to be less clear.  Assuming even numbers of product delivery and identical point of sale display might see the more popular item put on reorder and result in sales demand pulling through the more popular product (our B2B Marketing class voted for more Nuts, I was up for more caramel with a sizeable minority).  However there are a number of potential pitfalls in this methodology.  What if consumers preferred the (not available) original formulation ?  What if  (as happened in our College shop - packed full of sweets and very popular with students) most popular option sold out, and the reorder didn't happen until the rest of the stock was also sold ?  Or worse still - what if boxes were put on special offer (2 for 90p) down the back and withdrawn from the regular point of sale. 

Being different - not an obvious brand attribute ?
Indeed, the samples I bought for inclass consumption were found nestling with the current Kit Kat promotion - four flavours, the strongest consumer vote sees it reach mainstream production (if only for a limited period).  This heavily promoted TV advertising campaign seeks to encourage consumers and fans to vote using Facebook.  Rather than tapping into actual consumer behaviour (n.b. issues with Snickers research methods) they are looking to engage the market and express their feelings towards the brand and register their attitudinal preferences.  Of course, facebook can enable a 'fair' vote (one person, one vote) except we know that professional bloggers and alike have been known to have multiple online personalities.  And of course, a single vote does not allow for differentiation by numbers of servings - surely it is important to consider the views of heavy buyers more that those of infrequent consumers.  It is dissertation proposal deadline tomorrow, I've clearly been far to focussed in critiquing possible methodologies.

Obviously Mint is in there as a decoy - the only time chocolate should be consumed with mint is after a very good dinner party and a glass or two of wine.  The idea of Chocolate fudge again is a bit of a personal no-no.  Anyone born outside the world of Cadburys "chocolate flavoured coating" as the EU requires the labelling of our high fat, low on cocoa formulation will question just how much dust from the coca bean is present.  "Yum, yum ! - cardboard and brown dust."  So the choice is clearly Coconut (unusual) or Hazelnut.  I went Coconut & it was ok - but not amazing.

Wasabi: zingy horseradish taste similar to chilli chocolate
Kit Kat have done this kind of democratic, virtual-and-digital market engagement before I'm told, with peanut butter winning out.  It's clever, it appears to work. I'm not sure it really is about creating new product formulations or clever brand extensions, merely putting in place a change for a while.  But I wonder at what point will these kinds of actions just become just random noise and lack traction ?  

Personally I prefer the Japanese duty free specials, four fingers (not the chunky) in a boxed set - Sakura or my most favourite - the green coloured, wasabi flavoured Kit Kat.  (pictured above right).

At this point, I've come to my senses and recognised that I've entered marketing geek territory and time to get stuck into something else. 

Thursday, 3 January 2013

Snow Tyres: Let it snow ! Let it snow ! Let it Snow !

For the first time I have invested in a pair of new snow wellies for my Beetle.  I'd just seen my red bug fail its MOT due to insufficient tyre tread.  Expecting a 90 min wait I'd killed time looking around all the warm public places in our village and nursed a large pot of tea for an hour in our coffee shop.  I had even purchased a couple of car magazines, surely being disloyal and looking at new cars was going to tempt fate and see an expensive failure result.  Luckily for me, this was not the case. VW's are gooood. 

 
When asked if I wanted to wait another 40 minutes for a new pair of tyres for more than £200, I declined due to extreme frustration around a wasted afternoon and no desire to wait a single minute longer.  I figured I could try out the specialist tyre place that is literally down the end of our road.  Whilst it doesn't look much different (historic images from the 1920s or whenever cameras were in their infancy anyways). 

It resembles the kind of one person garage that each village will have had in days gone by.  You'll know the kind of place I mean, located on the road to be able to offer in person petrol sales delivery and with a building just big enough to hold one or two vehicles inside, jacked up with their engine parts being tinkered with by grease monkeys in blue overalls.

It wasn't about the pricing - I figured tyres are tyres and this seemed entirely reasonable, surely it wasn't worth shopping around.  But pig headed as ever, I was going to use the local specialist because the other time I'd used them I had driven straight in, been the only customer and got an amazing service for a puncture at a tiny cost. 

Just like the case study I'd learnt during my MBA studies: Japanese car industry break through in Europe - offer a fully loaded product at a great price and you will find customers in their millions.  You really can have a mould breaking better product and lower price - the idea that low price equates to low quality and high quality requires a high price is a concept I often look to challenge.

 
Continental Tyres promotional video clip with a powerful emotional appeal

Of course, this time (having given up due to a queue on a previous attempt) I had to queue.  As it happens, this was just enough time to negotiate a price and discover that winter tyres would be much cheaper than I suspected.  We have had a bit of a frost, but worse winter weather is expected.  As I write Frankfurt and Berlin airports are closed due to heavy snow.  On the campus Royal Holloway MBA we have worked closely with Contiential Tyres over five years on a live business consultancy and some of the wisdom shared by Guy Frobisher from their marketing team had landed.  Winter tyres =  a great idea. 

I was intrigued at how such a fast service could be delivered, when I had been quoted 40 minutes for this work at a generalist motor mechanics.  Putting my MBA operations management knowledge into action I sought to analyse the systems being used.  I noted clear role specialisation, yet some very effective team communication.  With six bays and the ability to blitz a four wheel change with four mechanics, the wheels are off your car before you can walk into the customer waiting areas.  Within 20 minutes my tyre change and credit card payment was completed.  If the store room for new tyres were co-located with the main workshop space (a very tight footprint the legacy of a historic business, carefully organised to offer maximum working bays) I am sure a couple of minutes could be taken off the change time. 

Good pricing, fast service, happy customers, no wonder they don't have to worry too much about marketing, Word of Mouth is going to be very powerful. 


Wednesday, 19 December 2012

The Royal Holloway 2012 Cohort - Who we are ?


Royal Holloway Founders building seen through Windsor windows
Once again our MBA course has been highly attractive to students from all over the world. The 2012/13 cohort of 35 (pictured above) has grown 20% on the previous year, in spite of a 30% reduction in applications. Changes to the post study work visa arrangements have seen applications drop off significantly from India, a historically strong market. Early anecdotal evidence shows that Royal Holloway MBA has been successful at attracting more, high caliber students whilst many institutions have seen their programme enrolments reduce.  

The gender balance is fairly even with 54% women and 46% men, wholly appropriate for a College that is proud of its historical origins as a Victorian ladies college. This is an important and unusual feature of the Royal Holloway MBA programme. At other leading UK MBA programmes and as seen with AMBA accredited Universities data the MBA gender breakdown usually sees around a 70% male and 30% female blend, indicating that the MBA is often a more masculine dominated course. AACSB, another global programme accreditation body, shows parity across the sexes when looking at all masters degrees.

Our students' varied business backgrounds


An essential entry requirement is extensive work experience, again the sheer variety evidenced in the MBA work profiles is very impressive. It includes; digital marketing, project management, IT, banking, insurance, finance, accounting, aviation, NGO (United Nations) administrative, entrepreneurial, charities, beverages brand manager and Disneyland.

Royal Holloway is proud of its AMBA accreditation which requires MBA students to have at least three years postgraduate work experience. This experience will come to bear towards the end of their year-long programme when they are required to work in groups as management consultants and recommend a viable solution to a real business problem set by one of our industry partners.

Where do our students come from?


The 35 students hail from 21 different countries; USA, UK, Bermuda, India, Russia, Senegal, South Korea, South Africa, China, Japan, Colombia, Taiwan, Hong Kong, Sweden, Norway, New Zealand, Turkey, Latvia, Israel, Canada, and Mexico providing a truly international learning experience. It is believed that this is the first time all of the populated continents of the world have been represented on the full time Royal Holloway MBA.
The Royal Holloway MBA 2012/13 Cohort - Where do they come from ?
 

 

National Press coverage of The Royal Holloway MBA

Study Pods in the School of Management Foyer
One of my personal targets for this year was to see if we could get some coverage of the campus MBA programme in the national press.  The distance learning programme had received coverage from both the FT and Telegraph, as the trend towards non-traditional full time study was a popular news theme.  

Sadly, my attempts to generate interest from internal newsletter type pieces had brought no returns.  In my previous corporate existence supplying some reasonable copy (using tactical quotes from the right senior people you wanted profile with) and an appropriate photo always brought results, and the right photo could mean placement on the front or back covers.

Not in the UK national press it seems.  

Once I took a step too far and used an embarrassing photo of a close colleague in a social context (wearing a silly hat) without his permission.  I have learned my lesson here - always, always, ask for permission if you are going to use images of people - we all tend to be a bit particular on how this is done.

The rule on photos was always "no line ups" and this has stayed with me since then - although you will notice in this blog a number of "prohibited" line up photos, most because we all seem to want to have such photos and the editorial guillotine operated on MBADirector  is not as exacting as it might be. 

I must thank Tanya Gubbay and the three featured MBA students for helping make this happen. 

FT.com coverage of three current campus MBA students, which went in the Asian and North American editions of the paper, so truly global.

Tuesday, 18 December 2012

"Don't post a silly picture of me on Linked-In, I'll never get a job !"

MBA 2011/12 Graduation

 
I must say I was slighty sceptical about the re-introduction of winter graduations for post graduate students.  The thought of driving rain and freezing temperatures and not putting the extravagant Picture Gallery and Chapel centre stage as the location made me have some serious reservations.
 
Gone.  Totally dispelled.  And as our head of school is often keen on impressing, "evidence based decision making is key ! ".  Resulting on the relatively short gap since Royal Holloway MBA students have submitted their dissertations (end of August) there was an impressive 60% attendance at the ceremony today.  With a surprising number flying in especially for graduation, this made for a fantastic group who seemed to have a really fun time together.


Royal Holloway 2011/12 MBA cohort.  Picture: Sigrun M Wagner
The ceremony was described as appropriately formal and smoothly run.  No scrimping on style for the big celebration of successful learning journeys completed.  Trumpetted by bearskin soldiers in their immaculate uniforms the College Principal reinforced the quality of their masters degree, reminding us that Royal Holloway placed 119th out of 6,000 in a recent evaluation of the worlds best universities.  The graduation ceremonies at Royal Holloway (I've done several now as you might imagine) deliver all the right ingredients in just the right measures, pomp, purpose, and lots of preened photo opportunities, using the stunning Founders building as a back drop. 
 
This years MBA cohort achieved particularly strong results with 3 distinctions (70%+) and 10 merits (60%+) and were the first ever group to have undertaken a week long international study visit (in conjunction with our partner business school institution at Stockholm University).  They were also recognised for the ground breaking off campus business consultancy engagement that was undertaken with senior management from Thorpe Park, one of the 93 business units that comprises the Merlin Group, second only to Disney in the amusements sector.
 
After all the formality in the Monkeys Forehead (a favourite with students each and every year) the MBA group, packed full of happy, smiling faces, were celebrating their achievements, with a chance to let their hair down a bit and to plan their next reunion !
 
In the pub, Amir's plea to those taking photos "Please don't post a silly picture of me on Linked-In, I'll never get a job if you do !"  personally, I think it's ok to celebrate the achievement of an MBA....
 

Saturday, 15 December 2012

Christmas MBA Alumni Event 2012


Royal Holloways unique Victorian art collection in the stunning Picture Gallery

 

The last day of term saw the Royal Holloway MBA cohort celebrate in some style with a sumptuous luncheon alumni event organised brilliantly by Fiona Redding.

Not quite the traditional Christmas turkey dinner
The dedicated School of Management Alumni officer role is still relatively new and it is particularly gratifying to see how the heady mix of current MBA students with alumni and industry guests is now building a momentum of its own. 


Current MBA students were feeling a sense of relief (having just handed in their last piece of assessed work for the term, an HR essay) and also tiredness, as the end of term has seen them work particularly hard on a variety of group presentations, individual course work and in class tests.


It was great to hear of plans for candidates to be reunited with their families over the Christmas period.  Many had plans to travel throughout UK and continental Europe.



We were also pleased to see a strong representation from the various business partners we have worked with in the last year.  Several were keen to explore opportunities to offer internships, work placements and full time roles.  With a range of very interesting people present, all with a passion for the College and the MBA programme it was not surprising that there was some extensive networking taking place.

Royal Holloways highly renowned choir performing added a very special feeling to the proceedings


MBA 2012/13 Candidates Huiya Chuang and Eri Yazawa (who kindly allowed her photos to be used in this blog) with Royal Holloway MBA Director Justin O'Brien


Market Research at the Movies

The Hobbit in 3D - market research experience


My wife was pretty annoyed today at being given in a very confusing manner pens and sheets of paper for a market research company looking to evaluate different consumer reactions to the 3D and 2D versions of the new Hobbit movie, released this week.  Because I teach market research at Royal Holloway and use the movie industry as the context for one seminar, I was, naturally, keen to participate and hoped to bring home a blank copy for more detailed analysis.  (Students never far from my thoughts !)

Gollum: The MOST engaging eyes, brilliant CGI
Motivated, encouraged and plain nagged to arrange a family visit by our 10 year older son, we assume a function of peer inspired buzz was behind this behaviour.  Some class mates were going on premier evening after school, we felt this was a bit too much, given the 2:45 run time. 

We could not book opening weekend seats in flat screen mode, generally I do not like 3D because I have to put glasses over my own glasses and mostly because the movement scenes make me feel sick, without moving in my chair it is just the feeling that a roller coaster gives me.  This blog is not a movie review site (check out IMDb if you lust after movie news) so, suffice to say this was a great family movie experience, we all loved it. 

I am always putting my own MBA into action and whilst I completed the first form (I was given a single sided form, the crucial motivator email data capture for free stuff was missing) I found myself in that terribly academic manner tutting at some of the question formulation and several of the response box options did not let me share my opinions effectively. 

New Zealand scenery a prime draw


I felt pity for the coding team (mostly tick box closed responses were required) when trying to analyse the consumers hand written descriptions of the three best scenes.  I was surprised at the numbers of questions that seemed to offer up comments on length of the movie and the action scenes.  (I love the scenery of New Zealand that is an integral part of this film franchise).

Whilst chatting with the market researcher, waiting for toilet formalities to be completed, he gave me permission to take some blank forms (ethically I was in the clear) and he also offered the different colour forms (exactly the same questions, just printed on different coloured paper).  Proof that engaging in conversation with strangers can bring benefits.  It is clear that in addition to the internal bench marking (including questions asking if we would by DVDs and Blue Rays) that would perhaps give an indication of the commercial success of the movie, perhaps the most important research objective was to measure the difference between customer satisfaction across the two and three dimension formats.  The reading I have done on this suggests that the jury is still out on whether 3D is the winning format.  I do not plan on buying a 3D TV any time soon.


Innovative Air New Zealand strenthen beauty visit us credentials
Wellington Airport boasts movie associations
The campus MBAs  are now off on a well earned Christmas break, heads buzzing with ideas for what their dissertation topic might be.

One candidate is going to look at the brand of his country.  I think it is interesting to note how brand New Zealand is being show cased thanks to Kiwi director Peter Jackson's choice of is home country as the back drop to this interpretation of J.R.R. Tolkein's writing. 

Air New Zealand (home market size: 4 million) have a strong record in developing creative advertising concepts that have an enduring appeal that often has traction in the world of social media, for example this video.  Safety video or viral communications asset ?

Country of Origin (CoO) effect is an important brand marketing concept that Royal Holloway MBA students are likely to cover.  A simple image search shows a fully integrated marketing campaign (IMC) in action around this movie, with South Islands main airport (Wellington) investing in three dimensional models of Hobbit characters to clearly identify itself as the gateway to Hobbit country.  Even the Kiwi post office looks likely to cash in on Hobbit mania with its range of promotional stamps featuring key characters.  I applaud brand New Zealand for cleverly exploiting this movie franchise.