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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
6/17/13	
  
2	
  
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
6/17/13	
  
3	
  
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.
6/17/13	
  
4	
  
Use research
techniques to measure
and evaluate …
in order to improve
business processes
Does your
measurement
measure up?
6/17/13	
  
5	
  
•  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
6/17/13	
  
6	
  
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
6/17/13	
  
7	
  
Step II: Measurement grid
Step III: Set targets
Exceptional 	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
Baseline = Where we are now 	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
Very good 	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
Acceptable 	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
Failure 	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
6/17/13	
  
8	
  
Step IV: Measure
Step V: Evaluate and prescribe
6/17/13	
  
9	
  
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
6/17/13	
  
10	
  
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?
6/17/13	
  
11	
  
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
6/17/13	
  
12	
  
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	
  	
  
6/17/13	
  
13	
  
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!!!”	
  
6/17/13	
  
14	
  
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.
6/17/13	
  
15	
  
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
6/17/13	
  
16	
  
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.
6/17/13	
  
17	
  
Together, we leverage
decades of proven,
interdisciplinary experience
to build comprehensive
solutions to the
challenges our clients face.
What
we do
6/17/13	
  
18	
  
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
6/17/13	
  
19	
  
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
6/17/13	
  
20	
  
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….
6/17/13	
  
21	
  
Are you driving
without a road
map?
Or … speeding
forward
through strategy,
segmentation,
research and
evaluation?
6/17/13	
  
22	
  
That’s what we
do.
For more information contact:
Peter Cohl
peter@cohlgroup.org
+1-917-833-6220
Kiki Keating
kim.keating@cohlgroup.org
+1-603-858-2733
David Geddes, MBA, PhD
david.geddes@cohlgroup.org
+1-314-960-4780
Lynda Oliver
lynda.oliver@cohlgroup.org
+1-214-768-3678

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

  • 1. 6/17/13   1   Cohl Strategy that Matters: Measurement and Evaluation beyond the Clip Report MaKi Business School Conference Madrid 7 June 2013
  • 2. 6/17/13   2   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
  • 3. 6/17/13   3   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.
  • 4. 6/17/13   4   Use research techniques to measure and evaluate … in order to improve business processes Does your measurement measure up?
  • 5. 6/17/13   5   •  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
  • 6. 6/17/13   6   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
  • 7. 6/17/13   7   Step II: Measurement grid Step III: Set targets Exceptional                                 Baseline = Where we are now                                 Very good                                 Acceptable                                 Failure                                
  • 8. 6/17/13   8   Step IV: Measure Step V: Evaluate and prescribe
  • 9. 6/17/13   9   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
  • 10. 6/17/13   10   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?
  • 11. 6/17/13   11   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
  • 12. 6/17/13   12   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    
  • 13. 6/17/13   13   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!!!”  
  • 14. 6/17/13   14   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.
  • 15. 6/17/13   15   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
  • 16. 6/17/13   16   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.
  • 17. 6/17/13   17   Together, we leverage decades of proven, interdisciplinary experience to build comprehensive solutions to the challenges our clients face. What we do
  • 18. 6/17/13   18   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
  • 19. 6/17/13   19   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
  • 20. 6/17/13   20   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….
  • 21. 6/17/13   21   Are you driving without a road map? Or … speeding forward through strategy, segmentation, research and evaluation?
  • 22. 6/17/13   22   That’s what we do. For more information contact: Peter Cohl peter@cohlgroup.org +1-917-833-6220 Kiki Keating kim.keating@cohlgroup.org +1-603-858-2733 David Geddes, MBA, PhD david.geddes@cohlgroup.org +1-314-960-4780 Lynda Oliver lynda.oliver@cohlgroup.org +1-214-768-3678