The University of Phoenix Marketing Strategy Paper
A business must be highly competitive in the business markets today. For a business to grow successfully, remain sustainable, and competitive a business needs a good understanding of a marketing plan, and the knowhow to put the concepts to work for the business achieving a successful marketing strategy. Remaining successful when an economic growth has leveled out shows a sustainable business. Competitors that follow the same marketing concepts will need to develop a good marketing plan, and implement the concepts into a marketing strategy to remain a competitive business. A good marketing strategy contains a marketing plan describing the products offered, and taking into account
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Television advertising on CNN, MSNBC, and Discover channel was the most successful in attaining higher enrollment (Heller, 2001). The segments of target markets are based on the opportunities and resources of the university. The goal of the university is find the target markets that match the needs or wants of the market at the time. Capturing this target market of young and recent graduates would mean a substantial jump in profits and growth for the university.
The University of Phoenix Marketing Mix
Products
The University of Phoenix has been in the education service over 22 years; they offer an array of classes with flexible schedules. An individual can acquire an Associate, Bachelor, or Masters Degree, and Doctoral degrees to certification and single courses. Another advantage the university offers is smaller online classes opposed to larger in class classrooms. The University of Phoenix hires faculty with real-world experience, and degree programs developed on relevant and effective learning for a quality education. The university is convenient for many students offering online and evening classes making it possible for those who work to have a chance to complete their education.
Place
The University of Phoenix is one of the nation’s largest private universities located in Phoenix, AZ with more than 200 university locations worldwide. Classes are online for individuals with a schedule that would conflict with the campus class
As one of the top-rated, premier business schools available in the United States, within the southwest region, you will find the ACBSP accredited Grand Canyon University (GCU) nestled within the Arizonan desert in Phoenix. Their mission statement incorporates; Challenge which inspires its thousands of students to be better servant leaders with cutting-edge business skills and values that are vital to driving organizational success and to have a positive impact within society. The University offers quality education through its academic excellence and relevant
University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries.
It works on predictions of performance that are normal to all participants and would likely occur. It is all about guessing what the competitor can or cannot do which means that the decision made will not be optimal. Decisions are based on predictions and assumptions which depend on initial conditions that are liable to sudden changes due to multiple of factors.
This paper will provide in detail researched information regarding marketing plan as it relates to the Mammography Cup. Ideas and information consists of the segmentation criteria, target market, organization buyers and consumers, factors that influence purchasing decisions, and the current competition.
Students today are also looking for a school that is convenient for them, both in location and in flexibility of scheduling. Western Governors University offers convenience in both areas. Since it is an online school, the location couldn’t be any more appropriate. It is simply wherever the student has access to the internet and the time to study, whether that is at home, on a break at work, or even on vacation. In addition, there are no set times for classes, so a student can spend just a few minutes or long hours studying the necessary material whenever it is suitable for him or her. What could be more convenient than working at one’s own pace at a location of one’s own choosing?
Marketing is essential for every business, be it a small household business or a large multinational group. All businesses depend on marketing in one way or the other. Setting of goals according to entrepreneur’s visions marks the starting o f the plan. It is better to do proper research and documentation before launching a product in the market or else the results will not be according to one’s thinking. Raymond Morose is the owner of Pet Palace and has been running this business for the last 44 years (Manta, 2010). Raymond Morose is running the business with a small staff but is very clear about his goals, as he has set his goals according to SMART approach. SMART stands for specific, measurable, achievable, relevant, and time-based and
Every organization needs to have a marketing strategy so that they know who are their competitors, which market they need to target, do they have resources to compete in that market and what strategies they need to adopt to gain competitive position in the industry. The most important thing is with the help of marketing, company is able to make people aware of its product.
Effective marketing begins with an estimated marketing strategy. A good marketing strategy helps in defining vision, mission and business goals and explains the steps need to achieve these goals.
“Competitive strategy involves positioning a business to maximize the value of the capabilities that distinguish it from its competitor’s” (Porter 1980:47). A successful business plan requires first and foremost the formation of an appropriate strategy. Through the implementation of a suitable strategy, the company is able to obtain its own industry niche and gain an understanding of its customers (Porter 1985). Whichever strategy is adopted it must be adequately integrated within the firms goals and missions to achieve a competitive advantage (Parker and Helms 1992).
The proposals that we are going to depose are a planning of continuous action in order to confront the challenges, which BT confronts. The most important factor is considered to be the fact that the marketing environment changed rapidly after the deregulation of the telephone industry. Up to then BT was operating as a monopoly, ignoring the competition and ways to face it.
MOOC providers have created video lectures, readings, and problem sets that seek to modify, and in some cases, replace entirely the need for a physical campus to complete a degree in higher education. The most notable MOOCs, Coursera, Udacity, and edX, emerged in 2012, “The Year of the MOOC” according to the New York Times, and have since attracted millions of registered students. Coursera and Udacity are both for-profit spin-offs from Stanford that offer a wide variety of courses taught by professors from some of the most prestigious universities in the world, such as Stanford itself, Princeton, the University of Michigan, and the University of Toronto. edX, on the other hand, is a non-profit partnership of MIT, Harvard, and Berkeley that offers both a platform that universities can customize to create their own courses, as well as a range of courses that are pre-developed by edX. In many cases, MOOCs are offered for free, incentivizing students to expand their knowledge with essentially nothing to lose. In other instances, when MOOCs have partnered with educational institutions to supplement or replace a physical classroom education, the MOOCs are offered for credit and at a lower cost than an in-person education.
Marketing strategy is the goal of the increasing sales and achieving the sustainable competitive advantages. Marketing strategy includes all the basic and long-term activities in the field of the marketing that deal with the analysis of the strategic initial situation of the company and the formulation, evaluation and selection of the market-oriented strategies and therefore it contributes to the goals of the company and its marketing objectives.
My third goal to be efficient in using the computer literacy while attending the University of Phoenix. This will allow me to develop skills for today's corporate America. I also have a goal to broaden my perspective while attending University of Phoenix Online. It has given me a chance to earn a degree in an environment that has people from different religions, cultures, races, and social situation that all have one common goal of getting a college degree. We
2U is attracting a young, energetic employee base. The company’s focus is always on its people, proven in the company’s guiding principles which never mention the technology, the schools, or the competition, and strictly emphases on how you can be a better employee (2U, 2015). Its employees offer dedicated support services to students and universities. 2U has a dedicated staff with knowledge about the product and how to connect students and university staff together. Students are assigned a support advisor and 2U works closely with the universities to identify field placements that meet the high rigor curriculum requirements of the university, as well as the geographical needs of the newly expanded enrollees (See Exhibit 2). This gives the company an advantage over the competition because of how costly this would be for universities to implement on their own and for the value it creates for the students.