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Hang Seng Management College marketing strategy

Calvin Young Bella Chan Ken Yeung Amas Ma

Findings

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Background

http://hsmc.edu.hk/

HSSC --> From 1980

--> Prestigious and elite business school

HSMC --> From 2010

--> Post Secondary College

--> offering 6 degree programmes

Background

Vision :

To be a leading private university......especially in the areas of business and management.

Mission :

To advance knowledge and understanding of human activities, especially those related to business and management......

http://hsmc.edu.hk/

  • More than 70% students know Hang Seng Management college (18/25)
  • The most popular channel to let others know HSMC is word of mouth
  • Around 80% interviewees agree HSMC is an post secondary college
  • Around 40%of interviewees know HSMC , but more than 80% interviewees recognize HSSC
  • The most unpopular channel to let others know HSMC is Ads
  • Only 20% interviewees considered HSMC as a "Gateway to Professionalism"
  • Around 60% interviewees think that HSMC can turn into an university
  • 70% interviewees agree HSSC is a successful school

Objectives

  • Investigate Hang Seng Management College's marketing strategy (STDP)
  • Segmentation
  • Targeting
  • Differentiating
  • Positioning
  • Analysis and justify it efficiency

Methodology

  • Study HSMC's popularity through questionnaire

(70 samples)

  • Apply marketing concept to the result of questionnaire

Conclusion with analysis

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Questionnaire

Targeting

Differentiating

Positioning

Segmentation

  • Demographic segmentation -> Based on age
  • Concentrated marketing (or niche marketing) strategy
  • Go after a large share of one or a few smaller segments or niches

Differentiation based on:

  • Products
  • Services

More for More !

create a positioning statement → ‘Gateway to Professionalism’

Higher price --> Better quality

More for More !

Company resources

  • Self-financing starting by the S.H.Ho Foundation
  • Creates innovative
  • academic programmes

Gateway to Professionalism !

Conclusion with analysis

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Statistic

  • Buzz marketing
  • Word of mouth is very important
  • Word of mouth marketing (WOMM)
  • HSSC brand image is better then HSMC
  • Slogan of HSMC cannot represent the brand image of our school
  • Promotion strategy of HSMC is not sufficient to cover the targeted customers
  • Successful case is the best promotion methiod

Recommendation

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  • Promote HSMC via different media (forum)

  • Focus the promotion strategy to secondary students

  • Increase the entry requirements for admission

END

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