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6/17/13 1 Cohl Strategy that Matters: Measurement and Evaluation beyond the Clip Report MaKi Business School Conference Madrid 7 June 2013

Strategy that Matters: Measurement beyond the Clip Report for Colleges and Universities

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Proposes a model for measurement of public relations in the context of colleges, universities, and higher education in general. Presented at the 2013 MaKi Conference 2013 for business school marketing and communication, Madrid, Spain

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Page 1: Strategy that Matters: Measurement beyond the Clip Report for Colleges and Universities

6/17/13  

1  

Cohl

Strategy that Matters: Measurement and Evaluation

beyond the Clip Report

MaKi Business School Conference Madrid

7 June 2013

Page 2: Strategy that Matters: Measurement beyond the Clip Report for Colleges and Universities

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Kiki Keating, JD Tuck School of Business at Dartmouth University

Lynda Oliver, MBA Southern Methodist University Cox School of Business

David Geddes, MBA PhD The Cohl Group

It’s a challenging world …

… even for top ranked international business schools •  Globalization •  Do more with less, both people and budgets •  Technology is speeding things up •  Demonstrating ROI of MBA and business degrees •  Justifying marketing and communications budgets •  Identifying gaps in strategy and execution

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Institutions with a strong strategic vision will be rise to the top.

Success vs. failure?

•  Research-based, deep understanding of your institutional essence … of your strengths, weakness, and aspirations … and of what makes your stakeholders tick

•  A vision, mission, and values suitable for your institution. •  Well conceived goals •  A strategic plan aligned with your goals and your

aspirations •  Excellent strategy execution •  Measurable objectives supporting strategy •  A program of research, measurement, and evaluation built

in to your organization.

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Use research techniques to measure and evaluate …

in order to improve business processes

Does your measurement measure up?

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•  Why are we measuring? •  Are we only measuring what is easy to

count? •  Offensive or defensive measurement? •  Are we measuring what needs to be

measured? •  Does our measurement track strategic

objectives and outcomes? •  Does our measurement help us improve?

A measurement and evaluation strategy

Page 6: Strategy that Matters: Measurement beyond the Clip Report for Colleges and Universities

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Step I: Define goals and objectives

•  Define university/school goals •  Link marketing and communications

objectives to university goals •  Set measurable objectives

– Who? – What? – By how much? – When?

•  Build research, measurement, and evaluation into your work

Step II: Multi-level measurement

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Step II: Measurement grid

Step III: Set targets

Exceptional                                

Baseline = Where we are now                                

Very good                                

Acceptable                                

Failure                                

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Step IV: Measure

Step V: Evaluate and prescribe

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Step VI: Present results and insights

Summary

•  Research for deep understanding •  Articulate strategy for marketing, branding, or

communications •  Set measurable objectives •  Select multi-level metrics •  Evaluate for insights •  Apply insights to improve

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CASE STUDY: SMU COX SCHOOL OF BUSINESS

SMU COX: Is our marketing working?

•  Situation: – New admissions team > more scrutiny – New MBA info session program formats – New media strategy: traditional > online – Declining apps in some MBA programs – Marketing budget cuts imminent

•  Our challenge: How do we measure what matters?

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How Do We Measure Success?

•  Admissions = applications

•  Marketing = ?

Measuring What Matters

Output measures •  Clip reports •  Website traffic •  Social media activity Outcome measures •  Leads Business value measures •  Cost per lead •  Correlation of marketing spend and leads

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Media Clips

0

200

400

600

800

1000

1200

1400

1600

2007 2008 2009 2010 2011 2012

+10%  

*Note:  2010  was  an  anomaly  due  to  an  unprecedented  number  of  media  quotes  regarding  Gulf  Coast  spill  

Website traffic

0  

10000  

20000  

30000  

40000  

50000  

60000  

70000  

Jan   Feb   Mar   Apr   May   Jun   Jul   Aug   Sep   Oct   Nov   Dec  

2010  

2011  

2012  

2013  

cox.smu.edu  traffic:  +  7%  (vs.  peer  group  who  saw  -­‐4%  –  +3.87%)  

coxgrad.com  traffic:    +93%;  all  driven  by  markeZng    

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Social Media Activity

Leads & Cost Per Lead •  Marketing efficacy demonstrated by “leads” – one

who’s exposed to our message and, within 30 days: –  Requests Information –  Signs up for information sessions –  Starts online application –  Downloads a brochure (good, but not counted as a lead)

1,288  unique  visitors  were  exposed  to  our  messages  and  said,    “I’m  interested!!!”  

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Why use a “Cost Per Lead?”

•  A benchmark metric that we use to measure results in comparison to past trends

•  A means by which to evaluate media options and compare performance

•  A way to quantify our expectations of a media plan’s impact

•  A demonstrated outcome as a direct result of our efforts.

So What’s The Right Price?

•  How much would you pay for a qualified lead?

–  $1000?

–  $500?

– $250?

•  Let’s measure, compare and evaluate so we can establish relevant industry benchmarks.

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And in the end….

•  Marketing was not the problem – Clips were up 10% – We doubled website traffic with our efforts alone – Social media activity was up +25% – 100% – We doubled online spending but tripled the number

of leads – We reduced the cost per lead by 40%

•  In fact, marketing could be the solution!

Cohl

Page 16: Strategy that Matters: Measurement beyond the Clip Report for Colleges and Universities

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We’re listeners, leaders, skeptics, and true believers—and we’re driven by a love of learning and a shared dedication to excellence.

We’re devoted to advancing educational institutions—and the causes they serve.

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Together, we leverage decades of proven, interdisciplinary experience to build comprehensive solutions to the challenges our clients face.

What we do

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SERVICES

•  Research qualitative and quantitative research and analysis, including: online, telephone, and in-person interviews; focus and discussion groups; media and social media analytics; data mining

•  Strategy organizational and communications strategy; positioning, brand architecture, and naming; segmentation, targeted messages, and values implementation

SERVICES

•  Creative Creative strategy, copywriting, voice, design strategy, advertising, and photography for branding, marketing, advertising, recruitment, and fundraising

•  Interactive interactive strategy, research, and analysis; user experience, segmentation, content development, social media strategy, design, and implementation

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SERVICES

•  Development Development and alumni relations strategy; capital campaign and annual fund strategy, messaging, and naming; case statement development, design, and production; direct and electronic mail and collateral development

•  Admissions Admissions strategy; prospect identification; marketing and communications materials, viewbooks, interactive, print, and multimedia campaigns

We’ve helped quite a few clients advance their causes

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A GROUP DEVOTED TO HIGHER ED •  Brown University •  College Board •  Columbia Business School •  Cooper Union •  Cornell Johnson School of Management •  Cornell University •  Dartmouth College •  Fontbonne College •  Georgia Tech •  Harvard University •  Indian School of Business •  Johns Hopkins Carey Business School •  Johns Hopkins Center for Talented Youth •  Johns Hopkins University

•  KAUST •  London Business School •  Missouri University of Science and

Technology •  Moscow School of Management/

Skolkovo •  New York Institute of Technology •  Sarah Lawrence College •  Siberian Federal University •  SMU •  The Florida State University •  The SAT •  Thunderbird •  Washington University in St. Louis •  Washington University Medical School

So….

Page 21: Strategy that Matters: Measurement beyond the Clip Report for Colleges and Universities

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Are you driving without a road map?

Or … speeding forward through strategy, segmentation, research and evaluation?

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That’s what we do.

For more information contact:

Peter Cohl [email protected] +1-917-833-6220

Kiki Keating [email protected] +1-603-858-2733

David Geddes, MBA, PhD [email protected] +1-314-960-4780

Lynda Oliver [email protected] +1-214-768-3678