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Core Principle 
Class 120 
by 
Elia Canales Marketing Planning & Analysis John “Jack: Schibrowsky
1 
TABLE OF CONTENTS 
Executive Summary ……………………………………………………………………..........................................2 
Situation Analysis………………………………………………………………………………………………………...3 
Industry Analysis………………………………………………………………………………………..........3 
Internal Analysis…………………………………………………………………………………………........8 
Customer Analysis……………………………………………………………………………………………17 
Competitor Analysis………………………………………………………………………………………...24 
Macro Analysis…………………………………………………………………………………………………37 
SWOT………………………………………………………………………………………………………………………....40 
Strategy Overview………………………………………………………………………………………………………41 
Goals &Objectives………………………………………………………………………………………………………42 
Target Market…………………………………………………………………………………………………………….43 
Positioning Plan…………………………………………………………………………………………………………45 
Promotional Strategy…………………………………………………………………………………………………48 
Other Issues……………………………………………………………………………………………………………….52 
Summary…………………………………………………………………………………………………………………....53 
Works Cited……………………………………………………………………………………………………………….54 
Appendix……………………………………………………………………………………………………………………57
2 
EXECUTIVE SUMMARY 
Core Principle is a brand new company coming out to education business. In order for their business to thrive they need to narrow their focus and place a lot of attention to the one’s that will bring a greater return to their business while still not neglecting the smaller segment. My strategy involves Core Principle to go heavily after performance based funding schools, division one athletic departments and helicopter parent. Core Principle needs a establish brand credibility through partnering universities to increase their customer base. They need to target the top ten division 1 spending schools and they need to be heavily involved in social media and blogging to attract the helicopter parents. Through continuous content marketing and building brand awareness Core Principle can achieve their goals to sell more than 40,000 units.
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INDUSTRIES Core Principle can fit into the three different industries which include: 
TUTORING 
 We are looking at the tutoring and driving industry, we focus on the submarket of industry is tutoring and exam preparation 
 Tutoring is 45 % of the entire industry 
 Accounts for 45-50% of the industry revenue and establishments 
 Total revenue for the 45.5 % of the industry is 4.095 billion dollars 
 Current size of the industry is at a matured stage 
EXAM PREPARATION 
 This industry comprises establishments primarily engaged in offering educational courses and services, not elsewhere classified(31) 
 Sub industries include: educational services, educational service (Non Dergree granting; continuing), and tutoring schools. 
UNIVERSITY TESTING & EDUCATIONAL SUPPORT 
 Structure of the testing and educational industry is procedures and activities include college selection service, education consultants, educational support systems, and education testing services. 
 Sub industries of testing and educational support include 60% in the educational testing services 
 Industry revenue is 9.9 billion dollars is estimated from the 60% of the industry 
 
Sales Growth Profit Exam Preparation 5,120 2.2% 644,700,000 Tutoring 4,140 -0.8% 270,000,000 Educational Support 9,900 1.8% 720,000,000 
Table 1. Shows sales(millions), growth ,historical growth and profit(millions), of all 3 industries. 
 The educational support system has an annual growth of 1.8% and its historical growth is 3.06% 
 Tutoring industry growth is -0.8% and its historical growth is 3.06% 
 The Exam preparation Industry’s growth is 2.2% and is historical growth is 3.36%
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EXPECTED FUTURE GROWTH 
Table 2. Shows industry growth 
 The Expected grow of exam preparation industry is 3.36% 
 The Expected grow of tutoring industry is 1.8% 
 The Expected grow of educational support industry is 3.06% 
TRENDS 
Institutions raising the GPA: Many universities are implementing higher standards for their students by raising GPA which calls for an increase in the academic success industry this is where Core Principle 
More Online learning 
 Over 6.7 million students were taking at least one online course during the fall 2011 term, an increase of 570,000 students over the previous year. 
 Increase of online education methods will important to Core Priciple’s product; “Online education has become an integral part of many colleges and universities, according to the study, with 65.5 percent of all chief academic officers reporting that "online education is critical to the long-term strategy". (5) 
The increase of mobile use in learning 
 People age 18-44 are more likely to own a smart phone (13) 
 Annual growth of the Smart phone app industry is estimated to grow from 2009-2014 49.8% (17) 
 47% of Organizations are using mobile devices to support formal learning (32), Core principle’s class 120 product could benefit from this increase. (33) 
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0.5 
1 
1.5 
2 
2.5 
3 
3.5 
Exam Preparation 
Tutoring 
Educational Support
5 
ISSUES 
Performance base funding 
 American public universities receive a per student budget on attending students; other countries like UK receive funding when students pass(16) 
 America on the verge of adopting a new performance based funding policy (16) 
 Great Britain’s national mean is 80% while the U.S falls back at 75%, U.S is spending large amount of money but achieving medium results (16) 
 “Pennsylvania’s public colleges have experienced a 10 percent increase in overall graduation rates and a 15 percent increase in retention rates,” since adoption of new performance based funding (24) 
Education is expected to grow 
 Enrollment is projected to increase; “Between 2011 and 2021, part-time undergraduate enrollment is projected to increase by 15 percent while full-time (11 percent, from 11.4 to 12.6 million students). (28) 
Data Privacy Concerns 
 The increase use of software has raised parents concern with the privacy of the students records, Core principle needs to build credibility with parent in order to gain trust with stunt data 
 But a whole lot of parents don't trust the government to keep data secure, or don't trust corporations not to abuse access to information about how individual minds work.(34) 
BEST PRACTICES Through the practices of big industry leader Core Principle can improve in the Testing and Educational Assistance industry with examples of: 
Tutor.com 
Best Practices can be applied from a major player in the in the industry is Tutor.com (12) which claims to increase student retention rate as well as success rates. 
 Best practices for companies entering the industry would have to contain items like online tutoring whichTutor.com provides with their “Tutor.com To Go™ for iPad, iPhone & iPod Touch” (8) 
 Personalized retention programs that they have partnered with higher education institutions to include which include features like 
1. 24/7 access 
2. Comprehensive monthly reports that provide predictive insight on challenges student face and why they seek help. 
3. Customizable solutions; higher education institution have availability to choose from 25 academic subjects to include one-on-one tutoring. 
4. Mobile access for students. (9)
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Kaplan Inc. 
Graham Holdings estimated market share is 3.4% (2 ). Kaplan Inc. named No. 3) among the ten most innovative education companies (22) 
 Provides a wide range of services to prepare students for test. From graduate admissions to college admissions preparation. 
 Best practices include 
1. Physical facilities where they are located inside the university 
2. Their services range from classroom setting to the SAT Classroom Anywhere® which provides online live classroom interaction with instructor. 
3. Make education more affordable, they are outcomes focused, personalized, global, and accessible from basically anywhere. (22) 
Oracle 
 Oracle provides the application of their cloud computing that allows universities, colleges and school districts to use their technology to store data. 
 Best Practices include 
1. Helps provide a consolidated repository data to better report across system. 
2. Helps provide students which items such as records and transcripts easier. (19) Oracle’s database enables customers to transform their enterprises and improve operational effectiveness. Oracle’s MySQL is the most popular open source data base which delivers cost effective, reliable high performance database.(25) 
Pearson 
 A leader in the educational support industry Pearson who dominates 12.1% of the testing and educational support industry. 
 Pearson provides an array products such as eTexbooks, online blended course through their custom curricular programs their data analytics & adaptive services which provides the Pearson learning studios, Mylab & Mastering, and Courseconnect. 
 Best Practices include 
1. “Significant position in education domain” (22) 
2. Employ personalized adaptive learning to students (35) 
3. “supports top line growth” (22)
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Blackboard Inc. 
 Blackboard Inc. provides wide range of solutions for the educational support industry such as support for admission and enrollment, and teaching & learning and student experiences, through software like the Mosaic by Blackboard 
 Best Practices 
o Faster connectivity with advisor 
o Their Blackboard Connect™ platform allows student to remain connected with their advisors faculty via text, social media message, or recorded voice. (21) 
o Facilitates students and faculty instant access to campus life and services right from their mobile phone. 
SUCCESS REQUIREMENTS 
 As internet evolution to the Web 2.0 this will become a driving force to the evolution of new products (18) which means an optimized software platform. 
 Awareness of government policies in regards to higher educational funding 
 Establish high reputation and strong relationship with higher education organizations(1) 
 Increase attention to parents specially the “helicopter” parents parent are becoming “advocates” for their students looking to ensure that colleges meet their obligation (25) 
 Optimization of research and development (1) 
 Ability to adopt new changing technologies (1) 
 Trackable results to establish credibility
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Internal Analysis 
BRIEF HISTORY OF CORE PRINCIPLE 
Core Principle, Inc. Incorporated August 23, 2013 in Indiana (317) 520-9633 5255 Winthrop Avenue #100 Indianapolis, IN 46220 
Core Principles was established 2013 in order to maintain student success by retention. As a result, they established Core Principles, Class 120. Class 120 incorporates geo-location software that notifies parents, students and faculty members when the student is absent. Core Principles is in the process of conducting market research to explore target market and further product development. With private investor support, they are planning a product launch fall of 2014. Headquarters are located in Indianapolis, Indiana. 
INTERNAL INFORMATION 
MISSION STATEMENT According to Core Principals their mission statement is 
“Core Principle will provide innovative and practical products and services that support measurable improvement in student success rates at all types of post-secondary institutions and for all types of students.” 
VISION STATEMENT According to Core Principles their vision statement is 
“Core Principle will become an industry leader in an emerging market for innovative technology-based student success tools in post-secondary education, with the goal of utilizing the Class120 technology.” 
CORPORATE CULTURE Core Principle‘s culture is that of a strong start up company. Core principle is task oriented, deliverable driven and they believe whole-heartedly in their product. They manage to make huge impacts with a small team and their tightly knit circle of dedicated and knowledgeable individuals who are ambitious and driven by results. They are passionate in their field of student success. They share the focus of improving student attendance, in the knowledge that this will transmit to higher grades and student success. 
WILLINGNESS TO ADAPT TO CHANGE Core Principle has redirected their focus to become for student driven. An example of their ability to adapt to change is by their delayed of the September 2013 launch, They were delayed and had to move their website launch date to March 2014, this establishes their flexibility and the willingness to adapt to change.
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WHAT IS IMPORTANT FOR CORE PRINCIPLES In the state of Nevada alone, there are 133,885 students enrolled in college, in their undergraduate years (School Enrollment, 2008-2012) (1). Keeping these students in class through the quality of their product is a main precedence of Core Principle. From the year 2012-2013, tuition is stated to be approximately $22,000 dollars (Average Cost of College Tuition, 2013) (2), for a four year institution. To Core Principles improving student class attendance is critical which ties in to the quality of their product. 
 Core Principle is improving attendance by using GEO-fencing software to increase student attendance. 
 Core principle is focusing on their fall 2014 product launch which will debut the quality of their product 
RESOURCES 
HUMAN RESOURCES Currently working with a small team Core Principle has the best of the best when it comes to talent and entrepreneurial spirit. Below are listed the Human Power that drives Core Principles. 
Leadership role: John (Jeff) Whorley: A Tennessee native Jeff has displayed leadership through his various life experiences for instance becoming a nominee for the 4th congressional district in his state. Jeff displayed authority and educational skills when he was an Executive VP for Sallie Mae. After resining in the year 2007 Jeff remained in the educational field as he became the President of StudentAid.com, and co-authored a book called “Getting into College,” with extensive knowledge and background in the educational field Jeff is more than skilled to lead Core Principles. (4) 
Figure 1. Image of John (Jeff) Whorley 
Key Personnel: Joe Montgomery: Currently the head of product and Marketing at Core Principle. Joe has extensive brand management expertise as he was a former Digital and Social Strategist for ACS Advertising, and a Partner consultant for Brass Born as well as Brand Manager of Gannett. This and specialized skills like digital marketing, business development, online marketing make Joe more than qualified to advance Core Principles.(5) 
Figure 2. Image of Joe Montgomery 
Other personnel 
 Jim Whorley, J.D. and General Counsel 
 Lisa Whorley , CPA and CFO 
 Stacy Anne Hoehle , J.D. and Head of Business Development 
 Rachel Key Administrative Assistant 
 Jacquelyn Halpern Design Consultant 
 Mark Lloyd, MBA and Finance Consultant 
 David Reed, Ph.D. and Senior Technology Consultant 
 Cebronica Scott, MA and Conference, as well as Special Events Consultant
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Partner Firms 
 Smith Amundsen LLC (Legal) 
 Bose Mckinney & Evans LLC(Legal) 
 Code Monkey (Product & Design Development) 
 Milestone Advisors (Financial) 
FINANCIAL RESOURCES Core Principle has had financial backing of one million dollars from both CEO and his spouse. CEO Jeff is currently working raise their budget to two million dollars more, to increase product development and marketing efforts they are interested in pursuing crowd funding. 
PATENTS 
Class120 Software – Patent Description: System and Method for Monitoring Class Attendance, Technical Field. [0001] The present disclosure relates generally to a system and method for supporting, monitoring, and summarizing class attendance, such as college class attendance, and more specifically to electronically reporting a class attendance status for a student to an interested party. 
Intellectual Property Class120 Software – Trademark Description: Computer software for monitoring and summarizing attendance of students or others, and for providing e-mail and/or text message notification alerts via the Internet and/or cellular telephone to parents, employers, or other third parties in cases of non-attendance; as well as class attendance monitoring, summaries, and schedule reminders for students. 
GOALS Core Principle has a number of goals all which include 
Acquire 100-200 sign ups at college orientations 
Utilize the Class 120 technology in 100 institutions 
Provide an upgraded version of geo with different levels in different institutions. 
Future Goals 
The company plans to be at 40,000 users 
Fall 2016- 2017 
Complete tesing in 30-40 Univertities 
Summer 2014 
Product Launch including Class 120 and GEO version. 
Fall 2014 
Website Launch of Core Principle’s Class 120 
March 2014
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KEY MILE STONES Core Principles plans to achieve these key milestones to make their Class 120 product a success which includes: 
 10,000 which will be Core Principle’s breakeven point 
 20,000 users where they will remain a comfortable small sized company 
 Above 40,000 users they will be a big business with a possibility of being bought out. 
CURRENT MARKETING ACTIVITIES Maintaining a small budget Core Principle utilizes their marketing efforts to full capacity by employing these marketing activities: 
Promotional Strategies They intend to build relationship with schools nearby by to increase sales of both professor version and GEO mapping 
 2014 Winter/Spring Pilot Program 
 Middle Tennessee State University 
 University of Nevada – Las Vegas 
 Sewanee, The University of the South 
 Capital University 
 Core Principle plans to identify top athlete software companies and collaborate up with them. 
 Core Principles plans to perform direct to consumer selling. 
 Targeting institutions that are within the range of their organization 
 Core Principle plans to person a guerilla marketing strategy 
Promotional Tools The tools that core principle has utilized so far in regards to their promotion are as follows. 
 Core Principle has currently establishing beta testing around 30 schools. 
 The Core Principle website. 
 Core Principle is partnering up with Crimson Hexagon to analyze tweets from students. 
 Core Principle has used surveys in various schools and is testing their pilot programs at various universities. 
 Core Principle’s user friendly convenient mobile application
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Message The message that Core Principle is trying to imply is that better attendance provides better grades and this will translate to future success. And attendance is a true measure of good grades. 
Students 
“Based on our surveys of college students, the average student who graduates may miss as much as a semester or more of scheduled classes. Even for the students who do graduate, those missed classes mean less learning and a lower GPA.” (3) 
“There is no magic formula for success in college, but research shows that there is a single most important thing you can do: go to class.”(6) 
 Success of a student depends on attendance 
 High correlation with GPA /grades and attendance 
Parents 
 To make sure your child attends at least one more class a week, which will add up to 120 more classes over the next four years in college. 
 Core Principle’s message includes that attendance as the best predictor of academic success. 
Colleges 
“Over 80% of Division I scholarship athletes graduate, proving colleges understand the importance of keeping student-athletes in class and on track.”(6) 
 A recent college focus group from Flagship University predicted that students on Class Geo would attend 240 more classes over their 4 years in college. (3) 
 Class 120 will help students focus on going to class. (3) 
Figure 1. The “Simple Math” image from Core Principle’s Class 120 Website
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SPECIFIC PRODUCTS Core Principle’s Class 120 products as of now include only a range of two which include: 
1. Class120 GEO: is an application-based platform that can provide notification of class attendance to parents of college students by using pinning technology “geo-location”. Available for two mobile platforms Android and Apple. Comes in three packages. 
2. Class 120: An attendance tracking program supports athletic department device with attendance and sends the rooster to the appropriate department. (Packages not yet available) 
ATTRIBUTES 
Core Principle’s Class 120 Geo Attributes 
 Class 120 software sends notification when the students phone is not detected in the class 
 Class 120 software provides levels of encouragement or recommendations if a student has missed class. 
 Class 120 uses skyhook for the android cellular system. 
 Geo mapping software which is becomes smarter over time. 
 Class 120 includes is the usage over Wi-Fi as well as network coverage. 
 Class120 geo app will look to identify if the student’s smartphone is at the classroom location 
 Their mobile application, which is featured in the three main cellular platforms from either Apple’s App Store or Google Play Store. 
1. Apple 
2. Android 
3. Windows (Currently working on this plat form) 
 Ability to check attendance history through the website & by class 
Core Principle’s Class 120 Attributes 
 Allow teacher/faculty to take attendance via their smart phone. 
 Ability to forward information to appropriate departments in the school. 
 Email and SMS message alert to/student/faculty / parent when student misses class. 
Class 120 Geo 
Basic 
Standard 
Gold 
Class 120 Basic 
N/A 
N/A
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PRICES 
Class 120: Price not yet established 
Class 120 GEO: 
Figure 4. The Price for the Basic, Standard, Gold packages 
SUCCESSES So far Core principles successes include: 
 Core Principle’s geo fencing software 
 Core Principle currently has 306 geo-mapped schools 
 2014 Winter/Spring Pilot Program 
 Core principle’s is currently performing beta testing on their product. 
 Their provisional filling of 2-3 other entities. 
KEY FAILURES Here are a few of the failures that Core Principle’s failures: 
 Behind schedule on certain aspects 
 Software is weak for Apple products unlike the one they have for android devices.
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COMPETITIVE ADVANTAGES 
Core competencies 
 Geo fencing of 306 campuses across United States. 
 Their experienced work force, along with their leadership of Jeff who has vast knowledge in the student financial industry. 
 Patent software and trademarked of Class120 software. 
 The convenience that their product can be implemented without infrastructure change to universities. 
 Student tracking with the pinning software 
Unique features of core 120 
 Geo mapping of campuses across the united states 
 Provides coaching to encourage students to attend class 
 Message alerts through emails, messages and alerts 
 Pinning technology 
 Use of Skyhook technology for their android devices. 
Why People will buy Class 120 
 Studies have proven that attendance is a high predictor of grades 
“Class attendance appears to be a better predictor of college grades than any other known predictor of college grades—including SAT scores, HSGPA, studying, skills, and the amount of time spent studying (Credé & Kuncel, 2008; Hezlettet al., 2001). Indeed, the relationship is so strong as to suggest that dramatic improvements in average grades (and failure rates) could be achieved by efforts to increase class attendance rates among college students.” (Class 120, 2014) (3) 
 Provides convenience through a mobile app 
 An efficient and convenient way for athletic department to keep track of their athletes. 
 They can evoke real change. 
SUMMARY OF CORE PRINCIPLE’S STRENGTHS Some of Core Principle strengths include: 
 Patent and trademarked smart software. 
 Staff with expertise and knowledge in the field. 
 Private ownership means they have control of decisions 
 Having 306 schools geo mapped 
 Research in social media analytics and surveys
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SUMMARY OF CORE PRINCIPLE’S WEAKNESS Core Principles has some weaknesses, which they need to overcome to make their product a success, weaknesses include: 
 Battery life efficiency in regards to the device 
 They are behind schedule in regards to their launch date. 
 Issues with student participation 
o Student privacy act. 
 Their website lacks valuable features and an intuitive user experience 
KEY INTERNAL SUCCESS FACTORS One way, which core principles will succeed, is if: 
 Acquire support from Universities and Athletic department. 
 Improve IT to handle the forecasted 40000 users. 
 Accept website and product recommendations 
 Expand their funding to have more flexibility 
 Grow within their targeted segments and expand their product line 
 Increase product awareness 
 Optimize their software platform
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CUSTOMER ANALYSIS 
THE CORE PRINCIPLE CUSTOMER The Core Principle customer is composed of parents, universities and athletic departments. 
CUSTOMERS OF CORE PRINCIPLES 
Parents of Students ` Core Principles needs to focus on freshman parents of full time college students who still live at home and they provide some support for their tuition. 
Table 1. the number of college freshman and parents contributing to their education for 2013(22) 
Discussion: Core principle should sell to these customers because 
 There a huge increase in incoming freshman to college in fact “ 18-19 yr. old college and secondary level education enrollment increased from 48-71%” (3) 
 Parent contributing to students tuition see their education as an investment and would like to keep track of their investment. 
 First year students; freshman to sophomore retention rate for public 4 year institutions is only 64.9% (4) which shows parents that 35% of their children will not continue to their sophomore year. 
 Students who live at home heavily dependent on parents (2) 
 Parents Paying; “for full time students total average spending per full time student was equivalent to $26,900” (1) 
 Helicopter parents; parents showed concern in areas like academics financial and healthy regarding their kids (2) 
College Students % of total market 13,262,000 Parents of Full-time Freshmen(Enrollment) 27% 3,580,740 Parents that Contribute to College Tuition 12% 1,591,440 Helicopter Parents 30% 3,978,600
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Colleges and Universities Core Principles needs to focus on public & private for profit fulltime scholarship students as well as schools participating in PBF institutions. 
Table 2. PFB placed in 4 year institutions by state (23) (24) 
College Students 20,642,819 4- year institution (Public & full time) 72 % 12,737,013 College Students in Private Sector 5,762,476 4- year institution (Private for profit) 31% 1,808,898 College students 20,642,819 Students with scholarships & Grants 39% 8,050,699 Performance Based Funding placed at 4 yr. institutions (States) (23) 5 Arizona Florida Mississippi Maine Pennsylvania Arizona 4 yr. institutions Public Arizona State University, Northern Arizona University of Arizona Private(for profit) (more: http://www.schoolchoices.org/colleges/in/arizona/type/asc) Florida 4yr. institutions Public Florida Agricultural and Mechanical University Florida Gulf Coast University Florida International University (more: http://www.schoolchoices.org/colleges/in/florida/type/asc) Private (for profit) (more: http://www.schoolchoices.org/colleges/in/florida/type/asc) Mississippi 4yr.institutions Public Alcorn State University University of Southern Mississippi Mississippi State University (more: http://www.schoolchoices.org/colleges/in/mississippi/type/asc Private (for profit) (more: http://www.schoolchoices.org/colleges/in/mississippi/type/asc) Maine 4yr. institutions Public University of Maine University of Southern Maine University of Maine at Farmington (more: http://www.schoolchoices.org/colleges/in/maine/type/asc) Private (for profit) (more: http://www.schoolchoices.org/colleges/in/maine/type/asc) Pennsylvania 4 yr. institutions Public Bloomsburg University of Pennsylvania Cheyney University of Pennsylvania Bloomsburg University of Pennsylvania (more: http://www.schoolchoices.org/colleges/in/pennsylvania/type/asc) Private (for profit) (more: http://www.schoolchoices.org/colleges/in/pennsylvania/type/asc)
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Discussion: Core principle should sell to these customers because 
 Performance base funding institutions already have an incentive to improve retention and graduation 
 Low income families relied on 37% of total college tuition assistance from grants & scholarships (21). Which shows a need for more attention to be placed on lower income families form Universities 
 Public Institutions; they had a revenue of 324 billion dollars compared to private for and non for profit. (1) 
 These states already implement a PBF in the state (23) so universities from these states will be more inclined to purchase class 120. 
Athletic Departments Core principle on the athletic department should focus on schools transitioning to division one and division one school Transition to Division 1 Year transitioning Northern Kentucky University 2016 University of Nebraska at Omaha 2015 Division 1 School Total Expenses # of athletes University of Wisconsin-Madison 
143,884,191 1,010 The University of Texas at Austin 138,205,604 
746 Ohio State University-Main Campus 122,616,951 489 University of Florida 114,024,962 
661 University of Michigan-Ann Arbor 111,363,181 1,027 Louisiana State University and Agricultural & Mechanical College 109,996,922 605 The University of Tennessee 109,899,761 640 The University of Alabama 109,071,197 678 University of Oklahoma Norman Campus 106,340,398 770 Pennsylvania State University-Main Campus 100,514,997 935 
Table 3. Shows the Division 1 schools and schools transitioning to Division 1 
Discussion: Core Principle should focus on these customers because 
 There are 351 division one school which range in 49/50 states (7) 
 Universities spend on average 50 million dollars (25) 
 Schools transitioning to division one schools are more likely to want to acquire class120 in order to remain as a Division one school and comply with attendance regulations.
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Discussion: Why these customers? Core Principle needs 40,000 customers in order to be a successful business here are the reasons why I believe there are the right customers for Core Principle 
 A 27% increase in graduating high school senior in 12 years will create more incoming freshman students. (11) 
 NCAA division 1 universities will provide higher credibility for Core Principle as well as having over 126,000 students (10) 
 First year college student retention is only at 64% by public 4 year institutions(4) 
 Helicopter parents spend on average $6 billion a year on tutoring services alone. (12) 
 NAIA market still hold over 60,000 students alone 
FRESHMAN CHARACTERISTICS 
Table 4.Shows Freshman characteristics, family income and future degree aspirations(14) 
 64 % of freshman applied to more than 3 colleges (13) 
 48% of freshman maintained an average grade of A- in High school (13) 
 76% of freshman say they plan to live with their parents(14) 
 “first –year students indicating that they frequently felt overwhelmed in their high school senior years is 30% and they may be in the path to feel overwhelmed in college” (14) 
 13.7% of freshman are likely to go to the business field.(14) 
 79.4% of freshman are NOT first generation students. (14) 
Freshman provide a big market because many will continue to live at home while they attend school, 18% of the income power in from the median income families. Core principle should focus on freshman, second generation college attending caucasian middle income families to sell their Class 120 product. 
Bacherlor's Degree 20.4% Master's Degree 41.4% Ph.D. or Ed.D. 19.1% MD,OD,D.D.S 10.2% 
Highest Planned Degree 
Aquire better job 84.7% Learn more on fields of interest 82.8% Train for career 77.6% 
Reason for Attending College 
$25K-$50K 16.8% $50-75k 18.5% $75-100k 13.6% $100-150K 17% $150k- Above 7.8% 
Estimated Parental Income 
Caucasian 72.7% 
African America 11.5% 
Asian American 8.5% 
Hispanic 12.7% 
Ethnicity
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STUDENT GRADUATION RATES 
Table 5.Shows number of students that fail to graduate based on the provided % and the total # in 2012(26)(only estimate) 
Discussion: 
 46% of those who enter a U.S. college fail to graduate within six years (15) 
 “The 2011 graduation rate for full-time, first-time undergraduate students who began their pursuit of a bachelor's degree at a 4-year degree-granting institution in fall 2005 was 59 percent.” (16) 
 “Four-year public colleges, 81 percent of students enrolled full-time for the duration of their college experience graduated within six years” (17) 
Many students tend to graduate after six years after they attend college, which proves that a product like Core Principle will be utilized by universities and parents as well. Although retention rates for public institutions seem to remain constant (20) graduation rates are longer than normal as the data tells us, which will be good market for Core Principle 
COLLEGE COST 
Table 6. shows the total percentages and resources that cover college cost (21) 
Student Borrowing 18% 
Parent Borrowng 9% 
Grants and Schoolarships 30% 
Student Income & Savings 11% 
Parent Income and Saving 27% 
Other 5% 
How Typical Family Pays for College Institution Graduation Rates Percentages Students College Students 14,880,343 Public 4 year 59.9% 8,913,325 College Students 3,953,578 Private non-for profit 64.6% 2,554,011 College Students 1,808,898 Private for profit 15.7% 283,996
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FAMILY EXPENSES 
Table 7. shows total amount of family barrowing per institution per student(6) 
 On average grand and tax benefit covered 63% of average full time undergrad student (6) 
 Parents and students borrowed funds to cover 26% of total charges(6) 
Table 8. shows total amount of family barrowing by race(21) 
 Target Caucasian families their bowing averages more they’ll be more inclined to want to track they child’s attendance 
Family Borrowing 
Public 4 year 
$5,200 Per student 
Private for Profit 
$7,800 Per Student 
Private non-for Profit 
$8,800 Per Student 
Family Borrowing by Race for 2013 
African American Families 
$18,000 
Hispianic Families 
$21,000 
Caucasian Families 
$22,000
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SELLING POINTS 
 Core Principle will assist helicopter parents, will feel more secure on the where about of their freshman students in the university 
 Core Principle will assist parents who financially contribute to their children’s education parents see the importance to track their children’s attendance. 
 Core Principle will assist universities that have in place Performance based funding, institutions will see more benefit for the Class 120 
 Core Principle will assist universities who receive funding for scholarship money students being awarded that money are more appealing to keep track of because of the state money they receive 
 Core Principle will assist university comradery by involving professors in the student retaining efforts 
 Core Principle will assist university increase student retention for the institution which will translate to educational funding 
 Core Principle will assist Athletic departments by complying with NCAA regulations by keeping attendance. 
 Core Principle will assist athletic departments by providing easy low cost method of attendance tracking. 
 Core Principle will assist athletic departments increase athlete attendance for the institution which will translate to more athletic funding 
KEY SUCCESS FACTORS 
 Establishing relationships with universities 
 Provide high user experience 
 Establish credibility to acquire referrals 
 Provide easy measure for athletic departments as well as universities 
 Prove correlation between attendance and graduation 
 Establish incentive for first time buyers
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COMPETITOR ANALYSIS 
DIRECT COMPETITORS FOR THE PARENT MARKET: These companies provide parents will real-time updates and GPS location of family members or students 
 Sprint Family Locator 
 GPS Tracking Pro 
 Life 360 
DIRECT COMPETITORS FOR THE UNIVERSITY: These software include some of the same features used in Core Principle’s Class 120 and are used to track student attendance and provide a combined data set. 
 AccuClass 
 i-Attend.com 
 ScholarChip 
DIRECT COMPETITORS FOR THE ATHLETIC DEPARTMENT are attendance-tracking tools that monitor attendance through software and will help the Athletic department manage attendance. Various features from both companies include the accurate attendance tracking and the late arrival notification. 
 OpenTech’s Class Track 
 Jolly 
DIRECT COMPETITORS 
AccuClass a product offered by Engineerica, which Florida corporation established in 1994, The company started as computer engineering consulting firm but quickly specialized in building attendance tracking systems for the academic market, Engineerica offers several attendance tracking systems including desktop software, client-server applications, cloud- based solutions, and Apple iOS apps. These systems include academic center management software, classroom attendance applications, conference, and event tracking systems, and more. (3) 
ScholarChip ScholarChip was established in 2000 to provide advanced ASP solutions to education. ScholarChip’s solutions provide colleges & universities with economical, scalable and easy-to-implement security, attendance & financial applications, addressing the current issues of student retention, completion & budget constraints. (4)
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LESS INTENSE COMPETITORS 
i-Attend.com A software product from Dotenablers LLC which offers solutions for better tracking attendees combines the technologies of RDIF and Barcodes. 
Campus Track Open tech’s product which offers student tracking software for tracking student activities, college assets, managing print and copy costs. Campus track allows universities to build on their existing student ID programs to facilitate these tracking and facilities management processes. 
INDIRECT COMPETITOR 
GPS Tracking Pro Allows you to keep track of family friends and phones with GPS technology 
Sprint Family Locator Sprint Family locator is a service provided by Sprint, which offers parents or the account holders to track anyone in their bill plan to know their where about using GPS tracking systems. 
Life 360 allows families to stay connected through a mobile app that can be used by the entire family.
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ACCUCLASS 
Product offering includes a variety of options for the customer. 
“For classroom attendance tracking, AccuClass, the online class attendance system. Select your favorite way of recording attendance including web-connected computer, Apple device, RFID, or ID card. Instructors and educational Institutions”(2) 
 Provides RFID technology to track students attendance 
 A computer in the classroom as a sign-in station and have students sign in by swiping their student ID card in a magnetic strip reader or use a barcode reader(5) 
 Use time clocks mounted on the wall near the classroom entrance to capture the attendance(5) 
 Use an Apple device to call roll (5) 
 Use an Apple device and sign the students in by reading a QR barcode or swiping an ID card with a magnetic strip (5) 
Competitive Position 
Facilitate attendance tracking provides detailed reports all with a fully customizable way of taking attendance with different tracking methods. 
 Web-based software that is hosted in the Amazon cloud (6) 
 Real time results 
 Easy; There is no need for infrastructure change because of the use of software 
 Multiple options for recording class attendance (6) 
 RDIF 
 QR Scanner 
 Apple device roll call 
Strengths 
 Cloud syncing 
 Variety of platforms to use 
 Free use for the first semester 
 RFID technology to track students 
 Online Tutoring 
 Over 20 years of experience in attendance tracking software 
Weaknesses 
 Low brand equity 
 Weak online presence 
 Unappealing website 
 Will become time consuming for a larger class 
 Only compatible with iPhone Devices
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SCHOLARCHIP 
Product Offering 
Contactless Card 
“ScholarChip provides smart card IDs for the K-12 market and also provides payment gateway and electronic signature solutions for the Higher Education institutions.”(15) 
 Automatically tracks credit hours and identifies students at risk for non-adherence, all in real time (7) 
 Allows automated real-time attendance taking. 
 A small device with a clear display and color-encoded LED indicator lights which detects cards at a 4 inch distance. (7) 
 Wall Mounted Attendance Board or a small USB device. (7) 
 Systems automate all aspects of school operations, financial transactions and security (7) 
Competitive Position 
 Synchronized ID card to attendance taking and identifies and locates students throughout campus 
 System verifies correct class and records the correct attendance status 
 Contactless SmartCard ID, ScholarAttendance™ automatically tracks credit hours and identifies students at risk for non-adherence, all in real time (7) 
Strengths 
 Integrated cloud services 
 Credibility from other institutions 
 Available on iPhone and Android devices 
 Very active on line presence 
 Smart card provides attendance, POS and e-transactions 
 Cloud based and Hardware based 
 Growing in customers base 
Weaknesses 
 Integrate a new ID system into universities 
 Attendance taking can only be conducted through a card 
 No access from the professors end
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I-ATTEND.COM 
Product Offering 
“Our solution combines the proven technology of RFID and Barcode, and robust, scalable web- based application to track attendance at events, seminars, conferences or meetings of any size”(8) 
 Uses RFID and barcode technology to track attendance 
 No monthly contract and you can cancel at any time 
 Real time downloadable results 
 The use of multiple platforms 
 Use software to create a meeting or event and allows students to check in with their badge 
Competitive Position 
No long-term contract provides attendance access through barcode or RFID cards 
 Combining the proven technology of RFID and barcode to track attendance 
 Their RFID and robust and Barcode web-based application 
 You can use existing badges or create new 
 24 hour access to reports 
Strengths 
 Customers can use existing badges 
 Works with either RFID or badges 
 Data and reports available 24/7 
 Monthly contract 
Weaknesses 
 Limited information available on website 
 No mobile access 
 No pricing available on website
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CAMPUS TRACK 
Product Offering 
“Monitor activity, control privileges, keep a verifiable record of attendance, and create an electronic log to improve security.” (10) 
 tracks various activities in the university 
 Improves safety and security in the institution 
 University can use existing badge system 
 Tracks visitors, guest and students 
 Provides mobile options 
Competitive Position 
Student tracking software that builds upon universities existing tracking management process 
 Secure ID cards supported by photos, smart card technology, and biometrics tracks throughout campus, in class, anywhere on campus or checking out a piece of gym equipment(10) 
 Campus Track provides college and university administrators with an electronic record of activity. (10) 
 Intuitive interface is also customizable, you can create your own drop-down lists to meet the specific needs of your institution or set your screen for automatic check-in to speed traffic flow.(11) 
Strengths 
 Tracks various campus activities & facilities 
 Build on their existing student ID programs 
 Compatible with other SQL systems 
 Free trial 
 No infrastructure change 
Weaknesses 
 No pricing available on website 
 No specific market 
 No tangible product provided
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GPS TRACKING PRO 
Product Offering 
“ Keep Track of Your Family, Friends & Phones With GPS Technology. GPS Tracking Pro uses state-of-the-art GPS Tracker technology to quickly and accurately locate the people you care about, providing real-time location updates using GPS navigation.”(12) 
 Mobile application to keep track with GPS technology(12) 
 Provides real-time location 
 Provide up-to-the-minute information (12) 
 GPS Tracking Pro also tracks phones including mobile devices, smart phones, older devices and Androids (12) 
Competitive Position 
 Provides real time location 
 Accurate GPS location 
 App is also a cell phone tracker 
 GPS Tracking Pro app will send an invite text to your loved one’s phone. Once they reply with a “yes,” their icon will appear on the app’s map. You can now track their whereabouts 24/7. (12) 
Strengths 
 The GPS Tracking Pro app is compatible with AT&T, Verizon, Sprint or another phone carrier (12) 
 Ensures the most accurate, real-time reporting on the location of your family and friends (12) 
 Provides real-time data on location of family’s where about 
 User installations of 5,000,000 - 10,000,000 
 Free installation 
 High customer reviews 
Weakness 
 Only available for android devices 
 Cannot be established in an University setting 
 Limited to the mobile application market
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SPRINT FAMILY LOCATOR 
Product Offering 
GPS enabled tracking feature form your smartphone, provides location 
 Real-time interactive satellite maps with street addresses and landmarks (13) 
 Automatic notifications on specific days and specific times. 
 Password protected and only available for parents 
 Texting available to the family member you’re locating 
 Locate up to 4 mobile devices 
 Safety Checks that automatically notify you of a child's location (13) 
Competitive Position 
 Can be used from mobile devices and desktop(13) 
 Benefit of using all sprint satellites for GPS 
 Real-time interactive satellite map 
 Reliability from carrier 
 Any Sprint phone can be located via its built-in GPS.(13) 
Strengths 
 Easily available to sprint users 
 Real-time access to street addresses 
 Established reputation 
 Free trial 
Weakness 
 Coverage not available everywhere.(13) 
 GPS reliability varies by environment.(13) 
 Available on select devices.(13) 
 A data transfer fee of 3¢/kb may apply (13)
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LIFE 360 
Product Offering 
“Life360 runs on your mobile device to allow you to view your family members on a map, communicate with them, and receive alerts when your loved ones arrive at home, school or work”.(16) 
 Allows family tracking with those who are in the Life 360 application 
 Free mobile application 
 Check in availability 
 At a glance feature to see where the members in your circle are at 
 Automate places 
 Includes private messaging feature 
 Includes group chat feature 
 Crime pins and offender pins 
 Premium Product offering $5 a month or $50 a year 
o 24/7 live advisor with emergency roadside assistance (14) 
o Unlimited places(14) 
o Unlimited location look ups (14) 
o Stolen protection services(14) 
o Extended features (14) 
Competitive Position 
 Availability to synchronize their locations 
 Provides convenient easy way to track members 
 Check in availability from anyone in the circle 
 Let’s you set your “favorite” location 
 Easier communication application 
 Availability to group all your connections into different groups 
Strengths 
 Free and premium product offered 
 Available on android and IOS platform 
 Automates with places 
 Growing number of using customers 
 Established reputation 
Weakness 
 Available only on mobile platform 
 No precise location feature available
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JOLLY TECH 
Product offerings 
 Keeping track of tardies, absences and attendance 
 Management software for attendance provides IDs 
 Can take attendance through IDs 
 ID flows: tracks ID cards only 
 School track: student tracking software 
 Manages campus visits as well 
Competitive Advantage 
 Provides alert emails to parents when there is a violation 
 Detailed reports 
 Database accesability 
 Offers various solutions for tracking and managing either supplies, visitors or attendance 
Strengths 
 Established reputation through various institutions 
 Important client list 
 Various management products for the educational department 
 Accessible to system integration 
 Over 20,000 customers around the globe 
 Email Alerts to parents 
 Growing number of customer 
 Established company affiliations 
Weakness 
 No mobile applications 
 No involvement from faculty
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MACRO ANALYSIS 
ECONOMIC ISSUES 
1. Increase in tuition 
 “Tuition has increased at a rate higher than inflation for 30 years, and the end result is higher student debt and an entire generation at a loss as to how they will pay off their loans.”(2) 
 IOCP: Will increase incentives for parents to buy Core Principles because investing in their education today will result in returns later. 
2. Increase household income 
 “Real median household income for 2011 fell 1.5% to $50,054, which was 8.1% lower than in 2007.”(3) 
IOCP: Academic funding demand will increase which will require students with good academic standing, which will mean better attendance that Core Principles can use. 
3. “Families are seeking evidence of successful results to justify their college investment.”(3) 
IOCP: The research Core Principle has provided will prove that their product will increase attendance which will correlate with passing classes and in the future success 
SOCIAL ISSUES 
1. Increase in enrollment 
 “Enrollment in postsecondary degree-granting institutions is expected to increase 15 percent between fall 2010, the last year of actual data, and fall 2021”(5) 
 “Between 2013 and 2020, college enrollment is projected to increase 5% for 18- to 24- year-olds”(3) 
IOCP: Growing college enrollment will mean increase of Core Principle Customer base. 
Table 1 shows the projected increase of undergraduate college students
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2. Increase in Incoming Freshman 
 “Between 2010 and 2021, first- time freshmen fall enrollment in all postsecondary degree-granting institutions is projected to increase 14%”(6) 
IOCP: Incoming freshman will be a good target market for Core Principle to focus on, because they are increasing in size. 
3. High School Graduates 
 “The number of high school graduates is projected to increase 5 percent between 2008– 09 and 2021–22.”(9) Regions with higher high school graduates: 
 South projected increase 11% 
 West projected increase 4% 
IOCP: Potential customers from increasing number of high school graduates. Different regions provide a plan of who to target in the future with Core Principle’s product. 
4. First Generation College students 
 “Estimated that 4.5 million freshmen are classified as first generation, low income students, 89% will leave college without a degree.”(11) The 2011 UCLA study also found that: “While 42 percent of students whose parents attended college graduated within four years, only 27 percent of first-generation students graduated within four years.”(12) 
IOCP: Since first generation are higly at risk to not complete college Core principle will need to educate and persuade parents of the benefits that class 120 brings. 
POLITICAL ISSUES 
1. Performance Base Funding (This link provides a detailed list of each states’ metrics for PBF: http://www.ncsl.org/research/education/performance-funding.aspx) 
 “25 states are currently transitioning to some type of performance funding”(7) Many states will ned to comply will the following metrics, but not limited to: 
 increase degrees, diplomas, and certificates (7) 
 Increase graduation rates for low-income students by one percent (7) 
 First to second year retention rates (7) 
 Student progression (7) 
IOCP: Universities will be looking for solutions to increase graduation rates and retention rates, utilizing Core Principle’s products.’ 
 Washington alone “allocated 10 million dollars in funding based on performance in fiscal year 2014” (7) 
IOCP: Institutions will be looking for more funding from states, Core Principle can help institutions increase student retention and graduation.
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DEMOGRAPHICAL ISSUES 
1. Increase diversity among colleges 
 “In 2011 the number of 18- to 24-year-old Hispanics enrolled in college reached a record 16.5% share of all college enrollments.” (3) 
 “The number of white high school graduates will drop significantly by 2027, while the number of Hispanic and Asian high school graduates will rise.” 
IOCP: Core Principle will have to implement different marketing strategies to accommodate the growing diverse demographics. 
TECHNOLOGICAL ISSUES 
1. Mobile trends 
 “Among Americans with mobile phones, more have smartphones (56%) than feature phones (44%)”(3) 
IOCP: The increase of smart phone users will be beneficial to Core Principle’s products. 
2. Increase in Online Courses 
 “Percentage of online students rose from 2009-2010 by 10%, making it a total of approximately 6 million students who took a class online”(10) 
IOCP: The increase of online courses will potentially negatively impact Core Principle because students will think it’s easier to go to classes online and not use class 120. 
 “34% of U.S. colleges offer a bachelor’s degree online.” (10) 
IOCP: The high number of online colleges can potentially lower traditional methods of getting a bachelor’s degree which will affect Core Principles customer base. 
LEGAL/REGULATORY ISSUES 
(1) Privacy Issues 
 “FERPA gives parents certain rights with respect to their children's education records. These rights transfer to the student when he or she reaches the age of 18 or attends a school beyond the high school level”(8) 
IOCP: Core Principle will need to provide incentives to students as well as parents to overcome this privacy issue.
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SWOT 
Strength (Internal) 
 Leadership with extensive knowledge of the student success industry and several established relationships with institutions 
 Patented and trademarked software 
 Social Media research with Crimson Hexagon 
 A range of schools GEO mapped with their patented software (306 schools) 
 Partnering with various institutions to launch their pilot program 
 Cellphone pinning technology provided for iPhone as well as Android systems 
 Real time reports. 
 Strong position in market with their GEO technology 
Weaknesses (Internal) 
 Unestablished credibility with universities 
 Behind schedule with website launch 
 Haven’t implemented SEO strategies 
 Missed initial launched dates 
 Limited availability of capital 
Opportunities (Macro &Industry) 
 Performance base funding is being adopted by more institutions 
 Historical and current growth in the Educational support field will benefit Core Principle 
 The Exam preparation industry shows an increase growth of 2.2% 
 The increase in mobile devices for educational purposes 
 Institutions increasing their performance standards provides opportunity for Core Principle products 
 Tuition increase serves as an driver for parental purchase 
 Enrollment is expected to increase a total of 15% in the next 7 years 
 The increase of high school students will create a wider pool of freshman college students 
Threats (Macro & Competitors) 
 Privacy issues with FERPA 
 Decrease in household income could hinder the parent market 
 Online education is growing rapidly which can change the traditional education methods 
 A large number of competitors with established reputation 
 Life 360 provides a free mobile app with tracking services. 
 Jolly Tech which provides similar attendance taking service 
 Accuclass which provides RFID technology to track attendance; or mobile aided attendance taking
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STRATEGY OVERVIEW 
After reviewing the data and all the findings it has been shown that it would be beneficial for Core Principle to go after three different narrowed segments in the industry. Core principle should focus on freshman university students, helicopter parents and Division 1 athletic departments. Because of their strong position with their GEO technology, it’s better if Core Principle target these customers, Core Principle has the advantage of being a new company, where they can establish the specific message they wish to implement. The goal for Core Principle should be to push their product units, an additional goal should be to establish brand awareness and status. 
The more logical strategy for Core Principle to establish should be to an establish brand recognition and product credibility by acquiring support from universities. Having their products in an established in a university can provide the awareness to their company and their product. Being a new company Core principle will have to provide an incentive to obtain universities support. Overall strategy should be aggressive marketing to a narrowed market and a discounted price or free trials for certain established universities. This strategy provides Core Principle with two advantages 
1. Create brand recognition and credibility 
2. Will create a wave effect if they establish their product with the right universities, and other universities will want the Class 120 product 
Logical strategy for Core Principle in regards to athletic departments would be to provide the professor app to the institutions, the professor app would seem more suitable for this market because the athletic department already has this system in place for their athletics it would just be an addition and provide the needed technology to track all the athletes and provide real-time results of which students have missed what percentage of classes. Alternatively you can also provide the athletes with the GEO app this would require no assistance from faculty and would be wireless, this would work better with larger institutions where most athletes have different majors. Reasons why to implement this strategy 
1. GEO app will be more convenient to athletic departments 
2. Professor app will integrate technology into attendance taking measures already being implemented by athletic departments 
A smaller focus should be placed on individual parents by providing internet marketing efforts, and strategically focusing those parents that are heavily involved in the child’s education, these parents will already be looking for methods to be involved in their child’s education when they begin college. An internet marketing that’s tailored to the target market will be an additional tool that core Principle can use. Reasons why establishing an internet marketing campaign and providing incentive for established universities to use this product would include would be beneficial for Core Principle: 
 Core Principle has a limited number of personnel, the internet could facilitate marketing efforts 
 Limited resources and a target message will increase the likelihood of purchase & time restraint 
 Allow customable the message for the different markets 
 Establishing relationship with universities will bring more customers and brand awareness to Core Principle
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GOALS AND OBJECTIVES 
For core principle to establish credibility and brand recognition in order to acquire sales they must have an objective of selling over 800 units per university, distribute over 500 professor apps to athletic departments and 300 individual unit to parents in a 6 month period. Yearly they should increase units sold by 30% Through our secondary data we were able to show that this is a reachable goal especially with incoming freshman and universities receiving pressure regarding their graduation rates. The high spending athletic departments and the heavily involved parents 
Table 1. Shows the forecasted sales figures according to the established goals (revenue will vary depending on version) 
 If every year Core Principle should increase units sold by 30% at the end of 3 years their estimated total revenue would be of 1.5 million depending of what version of Class 120 is sold 
These goals are reachable for Core Principle athletic departments already take attendance for student athletes and according to secondary data there is on average 800 students athletes in a university, Core Principle would only facilitate the process of attendance taking. Data shows that the number of freshman students is estimated at 3 million, these are enough number of customers to reach the goal of either selling Class 120 GEO or the Professor App- however universities would be less inclined to take time out of a class of 200 students to manually take attendance like you would with GEO app. 
 Optimistic goal will be of 1,600 GEO units sold in a 6 months period 
 Best estimate goal is estimated at 1,000 GEO units sold in a 6 month period 
 Pessimistic goal is at 800 GEO units sold in a six month period 
OTHER GOALS & OBJECTIVES 
 Begin their organic search engine optimization 
 Establish relationship with university officials 
 Fully establish and become active in all form of Social Media including their blog 
CLASS 120 GEO Year 1 units sold Year 2 units sold Year 3 units sold 2015 2016 2017 Parent 600 780 1,014 $129,000 $167,700 $218,010 Universities 1,600 2,080 2,704 $344,000 $447,200 $581,360 Athletic Departments 300 390 507 $64,500 $83,850 $109,005 PROFESSOR APP Parents N/A N/A N/A N/A N/A N/A Universities 800 1,040 1,352 $172,000 $223,600 $290,680 Athletic Departments 500 650 845 $107,000 $139,100 $180,830
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TARGET MARKETS 
Through my secondary research I concluded that Core Principle should heavily target three different markets the performance based funding universities, division one athletic department and helicopter parents and freshman parents only slightly. Reasons why Core Principle should target these markets 
 The return will be more significant from Universities and athletic departments 
 Sales from universities will establish credibility and word of mouth marketing to other institutions 
 More spending ability form institutions & athletic departments than individual parents 
 Universities will demand bulk units this provides a greater chance to achieve internal goal of 40,000 units 
1. Universities Universities are one of the profitable markets that Core Principle should focus on because they can purchase units in bulk orders, and they will be more willing to invest in this type of expenditure of they know that their retention efforts will translate to funding from the state. 
 Heavily target low freshman retaining universities in performance based funding states. If Core principle focuses only on performance based funding universities with low freshman retention rate it narrows the pool and will require a smaller budget. Below is a small example of potential target segments 
2. Athletic Departments (Division 1 Schools) Atheletic departmenst are a second target market that should be focused by core principles my researched showed that on average an athletic department spends millions for their athletic departments, plus they already incorporate attendance taking measure to their programs, so this is an added bonus for Core Principle all they would have to do is implement the technology to facilitate this process that athletic departments already do 
 Heavy spending Division 1 athletic department are more likely to purchase Class 120. 
 According to the University of Arizona Department of Intercollegiate Athletic handbook student absences policy, if a student has 4 unexcused absences they will be suspended for 15% of the team’s competitions.(1) 
 Athletic departments will be swayed to acquire the Class 120 GEO for the team players especially for star athletes. 
State University University Type Freshman Retention rate Florida Lynn University Private 62% Barry University Private 64% University of West Florida Public 74% Mississippi Jackson State University Public 75% Arizona Northern Arizona University Public 73%
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3. Parent Helicopter parents are a market that Core Principle should focus on, this should be a minor focus for Core Principle right now because they will provide less revenue. Although it is estimated that around 27% of parent income and savings account for paying for students college cost, there would need to be a greater amount of units sold for parent to be equivalent to the amount a sole university would purchase.
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POSITIONING PLAN 
UNIQUE SELLING POSITION The most important feature that Core Principle has in their possession is their GEO mapping software, they should be known for their GEO patented software which is their only one currently in the market and cannot be copied. This feature is something that Core Principle should emphasize on with their marketing strategies. 
Core principle should be known for their creative style to attendance taking measure they should focus their marketing on the simplicity and innovation that their GEO product provides. Not only that but their GEO product doesn’t require any infrastructure change to the universities, provides motivational tools for students and is a convenient and simple form of attendance taking, that will provide real results and measure to athletic department or their advising centers. 
SELLING PLAN The selling plan that Core Principle will place will be different for different markets because providing a generic message will take away from the benefit that Class 120 provides to each market. A tailored message will work more for all customers because they will be more inclined to purchase the product. The messaging the Class 120 will bring will be of something that assist you whether it be universities, athletic departments , or parents. The customer has to feel that the Class 120 product will be the answer to one of their problem, for each market below is the messaging that Class 120 will provide. 
Universities For universities Core Principle will sell a learning driving tool: meaning that Class 120 GEO will provide results through their attendance taking methods schools will see more retention and graduation results, plus it’s easy to use requires no infrastructure change and provides motivational tools. 
Athletic Departments For athletic departments Core Principle will sell an time saving tool: meaning they will sell a tool facilitate their attendance tracking methods that are already in place in many division 1 universities, leaving behind those outdated methods of taking attendance plus and its technology provides real time results and dashboards for measures. 
Parents For parents Core Principle will sell a piece of mind tool: meaning that parents will feel at ease knowing that the investment they have made in their child’s education will be fully met because they are attending classes and passing and what’s more important they are learning.
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MARKETING MIX KEY ELEMENTS 
Product Core principle has the advantage of two products to promote in attendance taking efforts patent pending software of Class 120 GEO and their professor app product provides an easy method to take attendance and provides real-time results. 
Price Class 120 GEO is priced at a competitive rate of $199.99 for the basic all the way through $343.99 for the complete version. Their price applied for their innovative patent technology of GEO mapping is sufficient enough to establish quality but not unreachable to customers. 
Promotion For a promotional strategy I suggest that Core Principle uses Internet marketing and personally selling strategies, as well as social media and blog tools to bring brand awareness 
Place For Core Principle it would be more effective if they sold online, they should heavily implement so SEO strategies or Google AdWords to their current website in order to increase their online presence since it is the only place they will be present. 
People Core Principle is already surrounded by knowledgeable people who are passionate about the work they do and the product they provide, Core Principle should highlight on that company trait. 
Marketing Mix 
Product 
•Class 120 Geo 
•Proffesor App 
Price 
•$199.99 
•$214.99 
•$343.99 
Place 
•Online 
Promotion 
•Internet Marketing 
•Personal Selling 
People 
•Staff Knowledagle in student success
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TAG LINE 
Universities 
“Learn with 120” 
Athletic Department 
“Score with 120” 
Parents 
“Peace with 120”
48 
PROMOTIONAL STRATEGY 
Promotional Activities The promotional activities that Core Principle should engage in are heavy online presence, personal selling, one partnering activity and heavy social media use. I think that if Core principle engages in these communication mixes they will gain a lot of brand awareness not only that but they will get many customer or people that just want to find out about their products . Below I prepared an estimated budget for the marketing activities that Jeff should utilize: Promotion Activity Capital Required (Yearly) Time Spent on Activity Google AdWords $250 Ongoing Email Marketing (Mailchimp) 2,00 subscribers = Free 50,00 subscribers = $300 Ongoing Facebook Advertising 3,000 Ongoing Twitter Advertising Varies Ongoing Twitter/Facebook Giveaway $800 Monthly Linked In $130 Ongoing Blog $150 Ongoing YouTube Varies Trade Shows $18,000. 2 a year Web Seminar (Skype) Premium =$36 Ongoing Campus Partnering $2,000 2 a year Digital Magazine $1,000 4 a year Total Spending $27,000 (estimated) 
Proposed Communication 
Online In order for Core Principle to establish brand awareness and increase their communication to their target market to inform of all their product’s benefits they will need to engage in various online marketing methods and branch out in as many platforms as possible 
Internet 
Google AdWords Establishing Google AdWords will provide a paid method to reach across the internet platform. A pay per click strategy should be implemented in order to stay within the budget. Key words like; attendance tracking and college athletic attendance should be among the primary key words that Core Principle will implement in their Google AdWords campaign.
49 
Email Marketing Purchase an email list of parents of freshman students and this way email marketing will be an easier way for Core Principle to keep customers up to date with the new updates or other information, as well as attracting new parent to purchase their product. Heavy emphasis should be place in the market of universities and athletic departments for this 
Social Media Campaign Core principles should utilize social media tools heavily they should incorporate a giveaway through their Facebook and Twitter platforms to engage all the parent out there that could potentially be interested in their product. They should heavily influence people to provide their email address and tweet that they have entered a contest from Core Principle for example: “I just entered to win a Class 120 Software app from @GetClass120! #learnwith120 #giveaway You Could Win TOO! Class120.com/giveaway” 
Facebook Facebook is a tool that Core principle should heavily utilize when it comes to marketing should sponsor their post and engage daily to keep constant contact with customers. Facebook can serve as a tool where they display their blog content as well as upcoming products and software updates. Since they are a new company they should sponsor their posts. 
Twitter Twitter will serve to promote their blog updates and engage with customers constantly. Core Principle should incorporate #Class120 to further increase customer engagement. 
Linked In Core principle needs to establish a linked in account because this is the best method to perform B2B connections. Core Principle will be able to connect with other professionals in the education field which is extremely important since my strategy calls for extreme focus on universities and parents. 
Google Plus Google Plus might seem similar to Facebook but Google Plus is an essential tool to have Google will more probably rank Class 120 higher. Google is more likely to place importance to their social media platform than Facebook. This is a strong driver as to why Class 120 needs to be heavily involved with Google Plus, specially to promote their blog post.
50 
Blog The most important piece for their internet strategy has to be to incorporate a blog. The blog is the most important tool if you try to connect with parent not only that but content marketing is becoming a growing field. Core principle needs to connect with Helicopter parents, mom blogs and college blogs. If Core Principle can have one of these types of blogs comment on their content of 
Justification: Social media is a free method when you don’t sponsor and can help companies build brand awareness; because Core Principle is a new company I think that they should implement a lot of Social media campaigns. 
Website Core principle needs to finalize designs on their current website, and update some designs to make it more user friendly. Currently Class 120 website lacks appeal it incorporates too much text which doesn’t appeal to the eye. Another recommendation that I’d encourage Core Principle to do is establish a weekly newsletter and have people register on the website for either blog updates or product software updates and more. Not only will this help with customer awareness this will also provide a greater list for email marketing purposes. 
Justification: A cleaner website can improve customer use as well as increase organic search engine optimization with their high quality content, plus customers will enjoy the fact that they can receive weekly updates. 
Local Event Activities 
Trade shows Limited budget in Core Principle’s marketing requires a strategic plan of promotion visiting educational trade shows can prove to be beneficial in establishing relationships with potential universities and athletic departments, trade shows will bring awareness to Core Principle’s product while also providing form for Jeff to network with potential clients. 
Justification: Trade shows act as a place where Core principle can display they products and explain further details, provides communication and also allows Core Principle to network with potential customers and see who their competitors are.+
51 
Personal Selling Methods 
Web seminars Due to a limited budget Core Principle should stick to performing most of their personal selling through web tools like Skype. This will still incorporate the customer and they can get a sense of trust, and will save Core Principle money, because they won’t have to travel to every single university. Traveling to universities should be left to when both parties are ready to sign a contract. 
Justification: Through web seminars Core Principle can personalize the marketing efforts still provide feedback to the customer’s objections while still saving money, they will be able to hear all the concerns and all the questions that they would in person, and Jeff will be able to obtain their trust something that wouldn’t; be possible if Jeff only performed sales calls 
Partnering Activities 
Campus partnering: Core Principle will need to partner with someone that is big yet not too big because they will be overshadowed by the popularity of that company. I think that they would benefit from partnering with companies that provide tools to school like pencil or pens or note pads. 
Justification: Partnering up with companies that provide educational supplies will not contribute to competition, and Core Principle will not be overshadowed by the bigger company. 
Traditional Marketing 
Digital Magazine Core Principle should do something unique that can make them stand out which is why I am proposing that they have a personalized web magazine and they should incorporate news and other company products. Plus they can incorporate the latest news in the educational field. Example Provided Below 
http://flippingbook.com/presentation-examples/ 
Other Activities 
 Affiliate marketing through blogs 
 SEO activities 
 SEM activities 
 YouTube videos for engagement
52 
OTHER ISSUES 
As of now Core Principles has established a good position with their GEO mapping software. A few other issues that Core principle will need to address in order to truly thrive as a business are: 
 Be in production of their product update 
 Address cons to battery issues towards the mobile devices 
 Release Class 120 updated version a year after Class 120 launch 
 Fix any technical bugs that Class 120 may have 
 Verify that Class 12 works properly in all forms of mobile platforms 
 Distributing of Class 120 should be expanded to the targeted markets 
 Increase their employee pool to meet demands
53 
SUMMARY 
Core principle has the product that can become extremely popular, they just need to implement tools that can help them achieve higher sales by applying these tool I think that Core Principle will increase their sale rapidly. In 3-5 years I think that Core Principles will establish over 40,000 users if they heavily apply they strategies I provided above. My plan will contribute to Core Principle in three way 
 Establish Communication 
 Create Brand Awareness 
 Inform Customers of the Product 
Because these are essential requirement to any successful company and Core Principle will be implementing these items I think that they will become highly successful
54 
WORKS CITED 
(1) http://athletics.arizona.edu/cats/2011-12_StudentHandbook.pdf 
INDUSTRY WORKS CITED 
(1) "Educational Support Services in the US - Industry Market Research Report" by IBISWorld August 2007. (2007). M2PressWIRE, 
(2) http://sloanconsortium.org/news_press/january2013_new-study-over-67-million-students-learning-online 
(3) Reilly, C. (2013, November 14). NSU weighs raising GPA admission requirement. Virginian-Pilot, The (Norfolk, VA). 
(4) http://abcnews.go.com/WNT/Technology/story?id=2641669embarrassing-academic-decline/ 
(5) http://www.usnews.com/education/online-education/articles/2011/11/11/study-online-education-continues-growth 
(6) Bowman-Perrott, L., Davis, H., Vannest, K., Williams, L., Greenwood, C., & Parker, R. (2013). Academic Benefits of Peer Tutoring: A Meta-Analytic Review of Single-Case Research. School Psychology Review, 42(1), 39-55. 
(7) ( http://www.crla.net/ittpc/about_ittpc.htm 
(8) http://www.tutor.com/higher-education/ 
(9) http://www.tutor.com/cmspublicfiles/WWW/HigherEdSellSheet.pdf 
(10) http://www.forbes.com/sites/jamesmarshallcrotty/2012/10/30/global-private-tutoring-market-will-surpass-102- billion-by-2018/ 
(11) http://theweek.com/article/index/220277/americas-tutor-boom-by-the-numbers 
(12) http://www.strategyr.com/pressMCP-1597.asp 
(13) Erwina, I. (2013, September). Mobile Apps. In mintel.com. Retrieved March 22, 2014, from http://academic.mintel.com.ezproxy.library.unlv.edu/display/637755/ 
(14) http://blog.newrelic.com/2013/04/01/mobile-apps-industry-to-reach-record-revenue-in-2013/ 
(15) http://www.ntatutor.com/ 
(16) http://www.governing.com/topics/education/gov-performance-based-college-funding-coming-stateside.html 
(17) http://www.ibisworld.com/industry/smartphone-app-developers.html 
(18) U.S. News Syndicates Industry Report. (2010). M2PressWIRE, 
(19) http://www.oracle.com/us/industries/education-and-research/overview/index.html 
(20) Pearson plc SWOT Analysis. (2014). Pearson SWOT Analysis, 1-9. 
(21) http://www.blackboard.com/Markets/Higher-Education-(1)/Overview.aspx 
(22) Kaplan, I. c. (2). Fast Company Magazine Names Kaplan Among World’s 10 Most Innovative Education Companies. Business Wire (English). 
(23) Adams, C. (2011). Value of Test-Prep Courses for College Admission Unclear. Education Week, 30(22), 10-11. 
(24) http://www.americanprogress.org/wp-content/uploads/issues/2012/08/pdf/performance_funding.pdf 
(25) http://cpr.iub.edu/uploads/AIR%202009%20Impact%20of%20Helicopter%20Parents.pdf 
(26) http://www.oracle.com/us/corporate/oracle-fact-sheet-079219.pdf 
(27) https://nces.ed.gov/fastfacts/display.asp?id=46 
(28) http://nces.ed.gov/fastfacts/display.asp?id=98 
(29) https://www.khanacademy.org/coach-res/higher-ed/case-studies-higher-ed/a/using-khan-academy-in-higher- education 
(30) http://www.insidehighered.com/news/2011/12/07/khan-academy-ponders-what-it-can-teach-higher-education- establishment 
(31) (31) Exam Preparation & Tutoring Industry (NAICS 611691). (2013). United States Exam Preparation & Tutoring Industry Capital & Expenses Report, 1-154. 
(32) http://blog.vantagepath.com/blog/mobile-learning-stats-that-will-blow-your-mind-infographic 
(33) http://www.foxbusiness.com/personal-finance/2013/01/28/higher-education-trends-to-watch-for-in-2013/ 
(34) http://www.theatlantic.com/education/archive/2013/12/5-higher-education-trends-for-2014/282702/ 
(35) http://pmark.pearsoncmg.com/templates/assets/pdf/MyLab-and-Mastering-10-Best-Practices-September-2013.pdf 
(36)
55 
INTERNAL ANALYSIS WORKS CITED 
(1) http://www.census.gov/easystats 
(2) http://www.statisticbrain.com/average-cost-of-college-tuition/ 
(3) http://class120.com/parents/ 
(4) StudentAid.com Names Jeff Whorley President to Expand Its Services for Colleges and Consumer . (2009, November 13). In StudentAid.com. Retrieved March 11, 2014, from http://www.studentaid.com/Resources/Downloads/Press/Whorley_named_president_SAcom.pdf 
(5) http://www.linkedin.com/profile/view?id=11980587&authType=NAME_SEARCH&authToken=5tWB&locale=en_US&srchid=1170124871394588267526&srchindex=1&srchtotal=221&trk=vsrp_people_res_name&trkInfo=VSRPsearchId%3A1170124871394588267526%2CVSRPtargetId%3A11980587%2CVSRPcmpt%3Aprimary 
(6) http://class120.com/home/ 
CUSTOMERANALYSIS WORKS CITED 
(1) Snyder, T. D., Dillow, S. A., & National Center for Education Statistics, (. (ED). (2010). Digest of Education Statistics, 2009. NCES 2010-013. National Center for Education Statistics 
(2) http://www.insidehighered.com/news/2007/03/15/parents 
(3) Aud, S., Wilkinson-Flicker, S., Kristapovich, P., Rathbun, A., Wang, X., Zhang, J., & National Center for EducationStatistics, (. (2013). The Condition of Education 2013. NCES 2013-037. National Center For Education Statistics, 
(4) Aud, S., Wilkinson-Flicker, S., Kristapovich, P., Rathbun, A., Wang, X., Zhang, J., & National Center for Education Statistics, (. (2013). The Condition of Education 2013. NCES 2013-037. National Center For Education Statistics, 
(5) https://nces.ed.gov/programs/coe/indicator_cha.asp 
(6) http://trends.collegeboard.org/sites/default/files/analysis-brief-how-students-parents-pay-college.pdf 
(7) http://en.wikipedia.org/wiki/List_of_NCAA_Division_I_institutions 
(8) http://www.ncaa.com/news/ncaa/article/2011-11-02/ncaa-participation-rates-going 
(9) http://www.usatoday.com/story/sports/ncaaf/2013/01/15/division-i-colleges-spend-more-on-athletes-than- education/1837721/ 
(10) http://exactsports.com/blog/ncaa-and-naia-scholarships-know-the-difference/2011/02/05/ 
(11) http://nces.ed.gov/pubs2014/2014051.pdf 
(12) http://www.raisingmaturekids.com/Helicopter_Parenting.pdf 
(13) https://www.census.gov/compendia/statab/2012/tables/12s0286.pdf 
(14) http://www.heri.ucla.edu/monographs/theamericanfreshman2012.pdf 
(15) http://politic365.com/2013/01/24/college-dropout-rate-called-national-crisis-in-new-report/ 
(16) http://nces.ed.gov/fastfacts/display.asp?id=40 
(17) http://www.slate.com/blogs/the_slatest/2013/02/27/college_completion_rates_54_percent_of_first_time_students_ graduate_within.html 
(18) http://www.quickanded.com/2010/12/u-s-college-graduation-rate-stays-pretty-much-exactly-the-same.html 
(19) http://nces.ed.gov/pubsearch/pubsinfo.asp?pubid=2014902 
(20) http://www.act.org/research/policymakers/pdf/12retain_trends.pdf 
(21) https://www.salliemae.com/assets/Core/how-America-pays/howamericapays2013.pdf 
(22) http://nces.ed.gov/programs/digest/d12/tables/dt12_224.asp 
(23) http://www.ncsl.org/research/education/performance-funding.aspx 
(24) http://www.schoolchoices.org/colleges/ 
(25) http://ope.ed.gov/athletics/SelectDownloadOptions.aspx?73656172636843726974657269613d3335336432373331323732363732363437343364333432663332333932663332333033313334323033313331336133353330336133323331323035303464267264743d342f32392f323031342031313a35303a323120504d 
(26) http://nces.ed.gov/programs/digest/d13/tables/dt13_303.10.asp 
COMPETITOR ANALYSIS WORKS CITED
56 
(1)http://shop.sprint.com/mysprint/services_solutions/details.jsp?detId=sfl&catId=service_gps&atName= GPS&detName=Sprint%20Family%20Locator 
(3) http://www.engineerica.com/about 
(4) http://www.scholarchip.com/collegesanduniversities/index.aspx 
(5) http://www.engineerica.com/accuclass 
(6) http://www.engineerica.com/accuclass/features 
(7) http://www.scholarchip.com/collegecardbasedattendance.aspx 
(8) http://www.i-attend.com/ 
(9) http://opentech-us.com/tracking-software/college-student-tracking-software-campus-track/ 
(10) http://opentech-us.com/tracking-systems/college-campus-tracking-system/ 
(11) http://opentech-us.com/tracking-software/college-student-tracking-software-campus-track/ 
(12) https://play.google.com/store/apps/details?id=com.fsp.android.c 
(13)http://shop.sprint.com/mysprint/services_solutions/details.jsp?detId=sfl&catId=service_gps&catName=GPS&detName=Sprint%20Family%20Locator 
(14) https://www.life360.com/premium/ 
(15) http://www.scholarchip.com/history.aspx 
(16) https://www.life360.com/tour/ 
MACRO WORKS CITED 
(1) "Educational Support Services in the US - Industry Market Research Report" by IBISWorld August 2007. (2007). M2PressWIRE, 
(2) Hilsinger, C. (2013). Up, Up And Away: College Tuition Is On The Rise. Forbes.Com, 57. 
(3) http://www.sumsem.com/testing/2013_trends.pdf 
(4) http://clients.thelawlorgroup.com/Lawlor_Trends_2014.pdf 
(5) http://nces.ed.gov/programs/projections/projections2021/sec5a.asp 
(6) http://nces.ed.gov/programs/projections/projections2021/sec5d.asp 
(7) http://www.ncsl.org/research/education/performance-funding.aspx 
(8) http://www.ed.gov/policy/gen/guid/fpco/ferpa/index.html 
(9) http://nces.ed.gov/pubs2013/2013008.pdf 
(10) http://www.statisticbrain.com/online-university-statistics/ 
(11) http://www.plazacollege.edu/blog/2012/10/first-generation-college- students-and-beating-the-odds/ 
(12) http://education.cu-portland.edu/blog/reference-material/first-generation- college-students-graduation-rates/
57 
APPENDIX 
Tag Line Promotion
58 
Digital Magazine Example

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Marketing Plan for Core Principle Tutoring Startup

  • 1. Core Principle Class 120 by Elia Canales Marketing Planning & Analysis John “Jack: Schibrowsky
  • 2. 1 TABLE OF CONTENTS Executive Summary ……………………………………………………………………..........................................2 Situation Analysis………………………………………………………………………………………………………...3 Industry Analysis………………………………………………………………………………………..........3 Internal Analysis…………………………………………………………………………………………........8 Customer Analysis……………………………………………………………………………………………17 Competitor Analysis………………………………………………………………………………………...24 Macro Analysis…………………………………………………………………………………………………37 SWOT………………………………………………………………………………………………………………………....40 Strategy Overview………………………………………………………………………………………………………41 Goals &Objectives………………………………………………………………………………………………………42 Target Market…………………………………………………………………………………………………………….43 Positioning Plan…………………………………………………………………………………………………………45 Promotional Strategy…………………………………………………………………………………………………48 Other Issues……………………………………………………………………………………………………………….52 Summary…………………………………………………………………………………………………………………....53 Works Cited……………………………………………………………………………………………………………….54 Appendix……………………………………………………………………………………………………………………57
  • 3. 2 EXECUTIVE SUMMARY Core Principle is a brand new company coming out to education business. In order for their business to thrive they need to narrow their focus and place a lot of attention to the one’s that will bring a greater return to their business while still not neglecting the smaller segment. My strategy involves Core Principle to go heavily after performance based funding schools, division one athletic departments and helicopter parent. Core Principle needs a establish brand credibility through partnering universities to increase their customer base. They need to target the top ten division 1 spending schools and they need to be heavily involved in social media and blogging to attract the helicopter parents. Through continuous content marketing and building brand awareness Core Principle can achieve their goals to sell more than 40,000 units.
  • 4. 3 INDUSTRIES Core Principle can fit into the three different industries which include: TUTORING  We are looking at the tutoring and driving industry, we focus on the submarket of industry is tutoring and exam preparation  Tutoring is 45 % of the entire industry  Accounts for 45-50% of the industry revenue and establishments  Total revenue for the 45.5 % of the industry is 4.095 billion dollars  Current size of the industry is at a matured stage EXAM PREPARATION  This industry comprises establishments primarily engaged in offering educational courses and services, not elsewhere classified(31)  Sub industries include: educational services, educational service (Non Dergree granting; continuing), and tutoring schools. UNIVERSITY TESTING & EDUCATIONAL SUPPORT  Structure of the testing and educational industry is procedures and activities include college selection service, education consultants, educational support systems, and education testing services.  Sub industries of testing and educational support include 60% in the educational testing services  Industry revenue is 9.9 billion dollars is estimated from the 60% of the industry  Sales Growth Profit Exam Preparation 5,120 2.2% 644,700,000 Tutoring 4,140 -0.8% 270,000,000 Educational Support 9,900 1.8% 720,000,000 Table 1. Shows sales(millions), growth ,historical growth and profit(millions), of all 3 industries.  The educational support system has an annual growth of 1.8% and its historical growth is 3.06%  Tutoring industry growth is -0.8% and its historical growth is 3.06%  The Exam preparation Industry’s growth is 2.2% and is historical growth is 3.36%
  • 5. 4 EXPECTED FUTURE GROWTH Table 2. Shows industry growth  The Expected grow of exam preparation industry is 3.36%  The Expected grow of tutoring industry is 1.8%  The Expected grow of educational support industry is 3.06% TRENDS Institutions raising the GPA: Many universities are implementing higher standards for their students by raising GPA which calls for an increase in the academic success industry this is where Core Principle More Online learning  Over 6.7 million students were taking at least one online course during the fall 2011 term, an increase of 570,000 students over the previous year.  Increase of online education methods will important to Core Priciple’s product; “Online education has become an integral part of many colleges and universities, according to the study, with 65.5 percent of all chief academic officers reporting that "online education is critical to the long-term strategy". (5) The increase of mobile use in learning  People age 18-44 are more likely to own a smart phone (13)  Annual growth of the Smart phone app industry is estimated to grow from 2009-2014 49.8% (17)  47% of Organizations are using mobile devices to support formal learning (32), Core principle’s class 120 product could benefit from this increase. (33) 0 0.5 1 1.5 2 2.5 3 3.5 Exam Preparation Tutoring Educational Support
  • 6. 5 ISSUES Performance base funding  American public universities receive a per student budget on attending students; other countries like UK receive funding when students pass(16)  America on the verge of adopting a new performance based funding policy (16)  Great Britain’s national mean is 80% while the U.S falls back at 75%, U.S is spending large amount of money but achieving medium results (16)  “Pennsylvania’s public colleges have experienced a 10 percent increase in overall graduation rates and a 15 percent increase in retention rates,” since adoption of new performance based funding (24) Education is expected to grow  Enrollment is projected to increase; “Between 2011 and 2021, part-time undergraduate enrollment is projected to increase by 15 percent while full-time (11 percent, from 11.4 to 12.6 million students). (28) Data Privacy Concerns  The increase use of software has raised parents concern with the privacy of the students records, Core principle needs to build credibility with parent in order to gain trust with stunt data  But a whole lot of parents don't trust the government to keep data secure, or don't trust corporations not to abuse access to information about how individual minds work.(34) BEST PRACTICES Through the practices of big industry leader Core Principle can improve in the Testing and Educational Assistance industry with examples of: Tutor.com Best Practices can be applied from a major player in the in the industry is Tutor.com (12) which claims to increase student retention rate as well as success rates.  Best practices for companies entering the industry would have to contain items like online tutoring whichTutor.com provides with their “Tutor.com To Go™ for iPad, iPhone & iPod Touch” (8)  Personalized retention programs that they have partnered with higher education institutions to include which include features like 1. 24/7 access 2. Comprehensive monthly reports that provide predictive insight on challenges student face and why they seek help. 3. Customizable solutions; higher education institution have availability to choose from 25 academic subjects to include one-on-one tutoring. 4. Mobile access for students. (9)
  • 7. 6 Kaplan Inc. Graham Holdings estimated market share is 3.4% (2 ). Kaplan Inc. named No. 3) among the ten most innovative education companies (22)  Provides a wide range of services to prepare students for test. From graduate admissions to college admissions preparation.  Best practices include 1. Physical facilities where they are located inside the university 2. Their services range from classroom setting to the SAT Classroom Anywhere® which provides online live classroom interaction with instructor. 3. Make education more affordable, they are outcomes focused, personalized, global, and accessible from basically anywhere. (22) Oracle  Oracle provides the application of their cloud computing that allows universities, colleges and school districts to use their technology to store data.  Best Practices include 1. Helps provide a consolidated repository data to better report across system. 2. Helps provide students which items such as records and transcripts easier. (19) Oracle’s database enables customers to transform their enterprises and improve operational effectiveness. Oracle’s MySQL is the most popular open source data base which delivers cost effective, reliable high performance database.(25) Pearson  A leader in the educational support industry Pearson who dominates 12.1% of the testing and educational support industry.  Pearson provides an array products such as eTexbooks, online blended course through their custom curricular programs their data analytics & adaptive services which provides the Pearson learning studios, Mylab & Mastering, and Courseconnect.  Best Practices include 1. “Significant position in education domain” (22) 2. Employ personalized adaptive learning to students (35) 3. “supports top line growth” (22)
  • 8. 7 Blackboard Inc.  Blackboard Inc. provides wide range of solutions for the educational support industry such as support for admission and enrollment, and teaching & learning and student experiences, through software like the Mosaic by Blackboard  Best Practices o Faster connectivity with advisor o Their Blackboard Connect™ platform allows student to remain connected with their advisors faculty via text, social media message, or recorded voice. (21) o Facilitates students and faculty instant access to campus life and services right from their mobile phone. SUCCESS REQUIREMENTS  As internet evolution to the Web 2.0 this will become a driving force to the evolution of new products (18) which means an optimized software platform.  Awareness of government policies in regards to higher educational funding  Establish high reputation and strong relationship with higher education organizations(1)  Increase attention to parents specially the “helicopter” parents parent are becoming “advocates” for their students looking to ensure that colleges meet their obligation (25)  Optimization of research and development (1)  Ability to adopt new changing technologies (1)  Trackable results to establish credibility
  • 9. 8 Internal Analysis BRIEF HISTORY OF CORE PRINCIPLE Core Principle, Inc. Incorporated August 23, 2013 in Indiana (317) 520-9633 5255 Winthrop Avenue #100 Indianapolis, IN 46220 Core Principles was established 2013 in order to maintain student success by retention. As a result, they established Core Principles, Class 120. Class 120 incorporates geo-location software that notifies parents, students and faculty members when the student is absent. Core Principles is in the process of conducting market research to explore target market and further product development. With private investor support, they are planning a product launch fall of 2014. Headquarters are located in Indianapolis, Indiana. INTERNAL INFORMATION MISSION STATEMENT According to Core Principals their mission statement is “Core Principle will provide innovative and practical products and services that support measurable improvement in student success rates at all types of post-secondary institutions and for all types of students.” VISION STATEMENT According to Core Principles their vision statement is “Core Principle will become an industry leader in an emerging market for innovative technology-based student success tools in post-secondary education, with the goal of utilizing the Class120 technology.” CORPORATE CULTURE Core Principle‘s culture is that of a strong start up company. Core principle is task oriented, deliverable driven and they believe whole-heartedly in their product. They manage to make huge impacts with a small team and their tightly knit circle of dedicated and knowledgeable individuals who are ambitious and driven by results. They are passionate in their field of student success. They share the focus of improving student attendance, in the knowledge that this will transmit to higher grades and student success. WILLINGNESS TO ADAPT TO CHANGE Core Principle has redirected their focus to become for student driven. An example of their ability to adapt to change is by their delayed of the September 2013 launch, They were delayed and had to move their website launch date to March 2014, this establishes their flexibility and the willingness to adapt to change.
  • 10. 9 WHAT IS IMPORTANT FOR CORE PRINCIPLES In the state of Nevada alone, there are 133,885 students enrolled in college, in their undergraduate years (School Enrollment, 2008-2012) (1). Keeping these students in class through the quality of their product is a main precedence of Core Principle. From the year 2012-2013, tuition is stated to be approximately $22,000 dollars (Average Cost of College Tuition, 2013) (2), for a four year institution. To Core Principles improving student class attendance is critical which ties in to the quality of their product.  Core Principle is improving attendance by using GEO-fencing software to increase student attendance.  Core principle is focusing on their fall 2014 product launch which will debut the quality of their product RESOURCES HUMAN RESOURCES Currently working with a small team Core Principle has the best of the best when it comes to talent and entrepreneurial spirit. Below are listed the Human Power that drives Core Principles. Leadership role: John (Jeff) Whorley: A Tennessee native Jeff has displayed leadership through his various life experiences for instance becoming a nominee for the 4th congressional district in his state. Jeff displayed authority and educational skills when he was an Executive VP for Sallie Mae. After resining in the year 2007 Jeff remained in the educational field as he became the President of StudentAid.com, and co-authored a book called “Getting into College,” with extensive knowledge and background in the educational field Jeff is more than skilled to lead Core Principles. (4) Figure 1. Image of John (Jeff) Whorley Key Personnel: Joe Montgomery: Currently the head of product and Marketing at Core Principle. Joe has extensive brand management expertise as he was a former Digital and Social Strategist for ACS Advertising, and a Partner consultant for Brass Born as well as Brand Manager of Gannett. This and specialized skills like digital marketing, business development, online marketing make Joe more than qualified to advance Core Principles.(5) Figure 2. Image of Joe Montgomery Other personnel  Jim Whorley, J.D. and General Counsel  Lisa Whorley , CPA and CFO  Stacy Anne Hoehle , J.D. and Head of Business Development  Rachel Key Administrative Assistant  Jacquelyn Halpern Design Consultant  Mark Lloyd, MBA and Finance Consultant  David Reed, Ph.D. and Senior Technology Consultant  Cebronica Scott, MA and Conference, as well as Special Events Consultant
  • 11. 10 Partner Firms  Smith Amundsen LLC (Legal)  Bose Mckinney & Evans LLC(Legal)  Code Monkey (Product & Design Development)  Milestone Advisors (Financial) FINANCIAL RESOURCES Core Principle has had financial backing of one million dollars from both CEO and his spouse. CEO Jeff is currently working raise their budget to two million dollars more, to increase product development and marketing efforts they are interested in pursuing crowd funding. PATENTS Class120 Software – Patent Description: System and Method for Monitoring Class Attendance, Technical Field. [0001] The present disclosure relates generally to a system and method for supporting, monitoring, and summarizing class attendance, such as college class attendance, and more specifically to electronically reporting a class attendance status for a student to an interested party. Intellectual Property Class120 Software – Trademark Description: Computer software for monitoring and summarizing attendance of students or others, and for providing e-mail and/or text message notification alerts via the Internet and/or cellular telephone to parents, employers, or other third parties in cases of non-attendance; as well as class attendance monitoring, summaries, and schedule reminders for students. GOALS Core Principle has a number of goals all which include Acquire 100-200 sign ups at college orientations Utilize the Class 120 technology in 100 institutions Provide an upgraded version of geo with different levels in different institutions. Future Goals The company plans to be at 40,000 users Fall 2016- 2017 Complete tesing in 30-40 Univertities Summer 2014 Product Launch including Class 120 and GEO version. Fall 2014 Website Launch of Core Principle’s Class 120 March 2014
  • 12. 11 KEY MILE STONES Core Principles plans to achieve these key milestones to make their Class 120 product a success which includes:  10,000 which will be Core Principle’s breakeven point  20,000 users where they will remain a comfortable small sized company  Above 40,000 users they will be a big business with a possibility of being bought out. CURRENT MARKETING ACTIVITIES Maintaining a small budget Core Principle utilizes their marketing efforts to full capacity by employing these marketing activities: Promotional Strategies They intend to build relationship with schools nearby by to increase sales of both professor version and GEO mapping  2014 Winter/Spring Pilot Program  Middle Tennessee State University  University of Nevada – Las Vegas  Sewanee, The University of the South  Capital University  Core Principle plans to identify top athlete software companies and collaborate up with them.  Core Principles plans to perform direct to consumer selling.  Targeting institutions that are within the range of their organization  Core Principle plans to person a guerilla marketing strategy Promotional Tools The tools that core principle has utilized so far in regards to their promotion are as follows.  Core Principle has currently establishing beta testing around 30 schools.  The Core Principle website.  Core Principle is partnering up with Crimson Hexagon to analyze tweets from students.  Core Principle has used surveys in various schools and is testing their pilot programs at various universities.  Core Principle’s user friendly convenient mobile application
  • 13. 12 Message The message that Core Principle is trying to imply is that better attendance provides better grades and this will translate to future success. And attendance is a true measure of good grades. Students “Based on our surveys of college students, the average student who graduates may miss as much as a semester or more of scheduled classes. Even for the students who do graduate, those missed classes mean less learning and a lower GPA.” (3) “There is no magic formula for success in college, but research shows that there is a single most important thing you can do: go to class.”(6)  Success of a student depends on attendance  High correlation with GPA /grades and attendance Parents  To make sure your child attends at least one more class a week, which will add up to 120 more classes over the next four years in college.  Core Principle’s message includes that attendance as the best predictor of academic success. Colleges “Over 80% of Division I scholarship athletes graduate, proving colleges understand the importance of keeping student-athletes in class and on track.”(6)  A recent college focus group from Flagship University predicted that students on Class Geo would attend 240 more classes over their 4 years in college. (3)  Class 120 will help students focus on going to class. (3) Figure 1. The “Simple Math” image from Core Principle’s Class 120 Website
  • 14. 13 SPECIFIC PRODUCTS Core Principle’s Class 120 products as of now include only a range of two which include: 1. Class120 GEO: is an application-based platform that can provide notification of class attendance to parents of college students by using pinning technology “geo-location”. Available for two mobile platforms Android and Apple. Comes in three packages. 2. Class 120: An attendance tracking program supports athletic department device with attendance and sends the rooster to the appropriate department. (Packages not yet available) ATTRIBUTES Core Principle’s Class 120 Geo Attributes  Class 120 software sends notification when the students phone is not detected in the class  Class 120 software provides levels of encouragement or recommendations if a student has missed class.  Class 120 uses skyhook for the android cellular system.  Geo mapping software which is becomes smarter over time.  Class 120 includes is the usage over Wi-Fi as well as network coverage.  Class120 geo app will look to identify if the student’s smartphone is at the classroom location  Their mobile application, which is featured in the three main cellular platforms from either Apple’s App Store or Google Play Store. 1. Apple 2. Android 3. Windows (Currently working on this plat form)  Ability to check attendance history through the website & by class Core Principle’s Class 120 Attributes  Allow teacher/faculty to take attendance via their smart phone.  Ability to forward information to appropriate departments in the school.  Email and SMS message alert to/student/faculty / parent when student misses class. Class 120 Geo Basic Standard Gold Class 120 Basic N/A N/A
  • 15. 14 PRICES Class 120: Price not yet established Class 120 GEO: Figure 4. The Price for the Basic, Standard, Gold packages SUCCESSES So far Core principles successes include:  Core Principle’s geo fencing software  Core Principle currently has 306 geo-mapped schools  2014 Winter/Spring Pilot Program  Core principle’s is currently performing beta testing on their product.  Their provisional filling of 2-3 other entities. KEY FAILURES Here are a few of the failures that Core Principle’s failures:  Behind schedule on certain aspects  Software is weak for Apple products unlike the one they have for android devices.
  • 16. 15 COMPETITIVE ADVANTAGES Core competencies  Geo fencing of 306 campuses across United States.  Their experienced work force, along with their leadership of Jeff who has vast knowledge in the student financial industry.  Patent software and trademarked of Class120 software.  The convenience that their product can be implemented without infrastructure change to universities.  Student tracking with the pinning software Unique features of core 120  Geo mapping of campuses across the united states  Provides coaching to encourage students to attend class  Message alerts through emails, messages and alerts  Pinning technology  Use of Skyhook technology for their android devices. Why People will buy Class 120  Studies have proven that attendance is a high predictor of grades “Class attendance appears to be a better predictor of college grades than any other known predictor of college grades—including SAT scores, HSGPA, studying, skills, and the amount of time spent studying (Credé & Kuncel, 2008; Hezlettet al., 2001). Indeed, the relationship is so strong as to suggest that dramatic improvements in average grades (and failure rates) could be achieved by efforts to increase class attendance rates among college students.” (Class 120, 2014) (3)  Provides convenience through a mobile app  An efficient and convenient way for athletic department to keep track of their athletes.  They can evoke real change. SUMMARY OF CORE PRINCIPLE’S STRENGTHS Some of Core Principle strengths include:  Patent and trademarked smart software.  Staff with expertise and knowledge in the field.  Private ownership means they have control of decisions  Having 306 schools geo mapped  Research in social media analytics and surveys
  • 17. 16 SUMMARY OF CORE PRINCIPLE’S WEAKNESS Core Principles has some weaknesses, which they need to overcome to make their product a success, weaknesses include:  Battery life efficiency in regards to the device  They are behind schedule in regards to their launch date.  Issues with student participation o Student privacy act.  Their website lacks valuable features and an intuitive user experience KEY INTERNAL SUCCESS FACTORS One way, which core principles will succeed, is if:  Acquire support from Universities and Athletic department.  Improve IT to handle the forecasted 40000 users.  Accept website and product recommendations  Expand their funding to have more flexibility  Grow within their targeted segments and expand their product line  Increase product awareness  Optimize their software platform
  • 18. 17 CUSTOMER ANALYSIS THE CORE PRINCIPLE CUSTOMER The Core Principle customer is composed of parents, universities and athletic departments. CUSTOMERS OF CORE PRINCIPLES Parents of Students ` Core Principles needs to focus on freshman parents of full time college students who still live at home and they provide some support for their tuition. Table 1. the number of college freshman and parents contributing to their education for 2013(22) Discussion: Core principle should sell to these customers because  There a huge increase in incoming freshman to college in fact “ 18-19 yr. old college and secondary level education enrollment increased from 48-71%” (3)  Parent contributing to students tuition see their education as an investment and would like to keep track of their investment.  First year students; freshman to sophomore retention rate for public 4 year institutions is only 64.9% (4) which shows parents that 35% of their children will not continue to their sophomore year.  Students who live at home heavily dependent on parents (2)  Parents Paying; “for full time students total average spending per full time student was equivalent to $26,900” (1)  Helicopter parents; parents showed concern in areas like academics financial and healthy regarding their kids (2) College Students % of total market 13,262,000 Parents of Full-time Freshmen(Enrollment) 27% 3,580,740 Parents that Contribute to College Tuition 12% 1,591,440 Helicopter Parents 30% 3,978,600
  • 19. 18 Colleges and Universities Core Principles needs to focus on public & private for profit fulltime scholarship students as well as schools participating in PBF institutions. Table 2. PFB placed in 4 year institutions by state (23) (24) College Students 20,642,819 4- year institution (Public & full time) 72 % 12,737,013 College Students in Private Sector 5,762,476 4- year institution (Private for profit) 31% 1,808,898 College students 20,642,819 Students with scholarships & Grants 39% 8,050,699 Performance Based Funding placed at 4 yr. institutions (States) (23) 5 Arizona Florida Mississippi Maine Pennsylvania Arizona 4 yr. institutions Public Arizona State University, Northern Arizona University of Arizona Private(for profit) (more: http://www.schoolchoices.org/colleges/in/arizona/type/asc) Florida 4yr. institutions Public Florida Agricultural and Mechanical University Florida Gulf Coast University Florida International University (more: http://www.schoolchoices.org/colleges/in/florida/type/asc) Private (for profit) (more: http://www.schoolchoices.org/colleges/in/florida/type/asc) Mississippi 4yr.institutions Public Alcorn State University University of Southern Mississippi Mississippi State University (more: http://www.schoolchoices.org/colleges/in/mississippi/type/asc Private (for profit) (more: http://www.schoolchoices.org/colleges/in/mississippi/type/asc) Maine 4yr. institutions Public University of Maine University of Southern Maine University of Maine at Farmington (more: http://www.schoolchoices.org/colleges/in/maine/type/asc) Private (for profit) (more: http://www.schoolchoices.org/colleges/in/maine/type/asc) Pennsylvania 4 yr. institutions Public Bloomsburg University of Pennsylvania Cheyney University of Pennsylvania Bloomsburg University of Pennsylvania (more: http://www.schoolchoices.org/colleges/in/pennsylvania/type/asc) Private (for profit) (more: http://www.schoolchoices.org/colleges/in/pennsylvania/type/asc)
  • 20. 19 Discussion: Core principle should sell to these customers because  Performance base funding institutions already have an incentive to improve retention and graduation  Low income families relied on 37% of total college tuition assistance from grants & scholarships (21). Which shows a need for more attention to be placed on lower income families form Universities  Public Institutions; they had a revenue of 324 billion dollars compared to private for and non for profit. (1)  These states already implement a PBF in the state (23) so universities from these states will be more inclined to purchase class 120. Athletic Departments Core principle on the athletic department should focus on schools transitioning to division one and division one school Transition to Division 1 Year transitioning Northern Kentucky University 2016 University of Nebraska at Omaha 2015 Division 1 School Total Expenses # of athletes University of Wisconsin-Madison 143,884,191 1,010 The University of Texas at Austin 138,205,604 746 Ohio State University-Main Campus 122,616,951 489 University of Florida 114,024,962 661 University of Michigan-Ann Arbor 111,363,181 1,027 Louisiana State University and Agricultural & Mechanical College 109,996,922 605 The University of Tennessee 109,899,761 640 The University of Alabama 109,071,197 678 University of Oklahoma Norman Campus 106,340,398 770 Pennsylvania State University-Main Campus 100,514,997 935 Table 3. Shows the Division 1 schools and schools transitioning to Division 1 Discussion: Core Principle should focus on these customers because  There are 351 division one school which range in 49/50 states (7)  Universities spend on average 50 million dollars (25)  Schools transitioning to division one schools are more likely to want to acquire class120 in order to remain as a Division one school and comply with attendance regulations.
  • 21. 20 Discussion: Why these customers? Core Principle needs 40,000 customers in order to be a successful business here are the reasons why I believe there are the right customers for Core Principle  A 27% increase in graduating high school senior in 12 years will create more incoming freshman students. (11)  NCAA division 1 universities will provide higher credibility for Core Principle as well as having over 126,000 students (10)  First year college student retention is only at 64% by public 4 year institutions(4)  Helicopter parents spend on average $6 billion a year on tutoring services alone. (12)  NAIA market still hold over 60,000 students alone FRESHMAN CHARACTERISTICS Table 4.Shows Freshman characteristics, family income and future degree aspirations(14)  64 % of freshman applied to more than 3 colleges (13)  48% of freshman maintained an average grade of A- in High school (13)  76% of freshman say they plan to live with their parents(14)  “first –year students indicating that they frequently felt overwhelmed in their high school senior years is 30% and they may be in the path to feel overwhelmed in college” (14)  13.7% of freshman are likely to go to the business field.(14)  79.4% of freshman are NOT first generation students. (14) Freshman provide a big market because many will continue to live at home while they attend school, 18% of the income power in from the median income families. Core principle should focus on freshman, second generation college attending caucasian middle income families to sell their Class 120 product. Bacherlor's Degree 20.4% Master's Degree 41.4% Ph.D. or Ed.D. 19.1% MD,OD,D.D.S 10.2% Highest Planned Degree Aquire better job 84.7% Learn more on fields of interest 82.8% Train for career 77.6% Reason for Attending College $25K-$50K 16.8% $50-75k 18.5% $75-100k 13.6% $100-150K 17% $150k- Above 7.8% Estimated Parental Income Caucasian 72.7% African America 11.5% Asian American 8.5% Hispanic 12.7% Ethnicity
  • 22. 21 STUDENT GRADUATION RATES Table 5.Shows number of students that fail to graduate based on the provided % and the total # in 2012(26)(only estimate) Discussion:  46% of those who enter a U.S. college fail to graduate within six years (15)  “The 2011 graduation rate for full-time, first-time undergraduate students who began their pursuit of a bachelor's degree at a 4-year degree-granting institution in fall 2005 was 59 percent.” (16)  “Four-year public colleges, 81 percent of students enrolled full-time for the duration of their college experience graduated within six years” (17) Many students tend to graduate after six years after they attend college, which proves that a product like Core Principle will be utilized by universities and parents as well. Although retention rates for public institutions seem to remain constant (20) graduation rates are longer than normal as the data tells us, which will be good market for Core Principle COLLEGE COST Table 6. shows the total percentages and resources that cover college cost (21) Student Borrowing 18% Parent Borrowng 9% Grants and Schoolarships 30% Student Income & Savings 11% Parent Income and Saving 27% Other 5% How Typical Family Pays for College Institution Graduation Rates Percentages Students College Students 14,880,343 Public 4 year 59.9% 8,913,325 College Students 3,953,578 Private non-for profit 64.6% 2,554,011 College Students 1,808,898 Private for profit 15.7% 283,996
  • 23. 22 FAMILY EXPENSES Table 7. shows total amount of family barrowing per institution per student(6)  On average grand and tax benefit covered 63% of average full time undergrad student (6)  Parents and students borrowed funds to cover 26% of total charges(6) Table 8. shows total amount of family barrowing by race(21)  Target Caucasian families their bowing averages more they’ll be more inclined to want to track they child’s attendance Family Borrowing Public 4 year $5,200 Per student Private for Profit $7,800 Per Student Private non-for Profit $8,800 Per Student Family Borrowing by Race for 2013 African American Families $18,000 Hispianic Families $21,000 Caucasian Families $22,000
  • 24. 23 SELLING POINTS  Core Principle will assist helicopter parents, will feel more secure on the where about of their freshman students in the university  Core Principle will assist parents who financially contribute to their children’s education parents see the importance to track their children’s attendance.  Core Principle will assist universities that have in place Performance based funding, institutions will see more benefit for the Class 120  Core Principle will assist universities who receive funding for scholarship money students being awarded that money are more appealing to keep track of because of the state money they receive  Core Principle will assist university comradery by involving professors in the student retaining efforts  Core Principle will assist university increase student retention for the institution which will translate to educational funding  Core Principle will assist Athletic departments by complying with NCAA regulations by keeping attendance.  Core Principle will assist athletic departments by providing easy low cost method of attendance tracking.  Core Principle will assist athletic departments increase athlete attendance for the institution which will translate to more athletic funding KEY SUCCESS FACTORS  Establishing relationships with universities  Provide high user experience  Establish credibility to acquire referrals  Provide easy measure for athletic departments as well as universities  Prove correlation between attendance and graduation  Establish incentive for first time buyers
  • 25. 24 COMPETITOR ANALYSIS DIRECT COMPETITORS FOR THE PARENT MARKET: These companies provide parents will real-time updates and GPS location of family members or students  Sprint Family Locator  GPS Tracking Pro  Life 360 DIRECT COMPETITORS FOR THE UNIVERSITY: These software include some of the same features used in Core Principle’s Class 120 and are used to track student attendance and provide a combined data set.  AccuClass  i-Attend.com  ScholarChip DIRECT COMPETITORS FOR THE ATHLETIC DEPARTMENT are attendance-tracking tools that monitor attendance through software and will help the Athletic department manage attendance. Various features from both companies include the accurate attendance tracking and the late arrival notification.  OpenTech’s Class Track  Jolly DIRECT COMPETITORS AccuClass a product offered by Engineerica, which Florida corporation established in 1994, The company started as computer engineering consulting firm but quickly specialized in building attendance tracking systems for the academic market, Engineerica offers several attendance tracking systems including desktop software, client-server applications, cloud- based solutions, and Apple iOS apps. These systems include academic center management software, classroom attendance applications, conference, and event tracking systems, and more. (3) ScholarChip ScholarChip was established in 2000 to provide advanced ASP solutions to education. ScholarChip’s solutions provide colleges & universities with economical, scalable and easy-to-implement security, attendance & financial applications, addressing the current issues of student retention, completion & budget constraints. (4)
  • 26. 25 LESS INTENSE COMPETITORS i-Attend.com A software product from Dotenablers LLC which offers solutions for better tracking attendees combines the technologies of RDIF and Barcodes. Campus Track Open tech’s product which offers student tracking software for tracking student activities, college assets, managing print and copy costs. Campus track allows universities to build on their existing student ID programs to facilitate these tracking and facilities management processes. INDIRECT COMPETITOR GPS Tracking Pro Allows you to keep track of family friends and phones with GPS technology Sprint Family Locator Sprint Family locator is a service provided by Sprint, which offers parents or the account holders to track anyone in their bill plan to know their where about using GPS tracking systems. Life 360 allows families to stay connected through a mobile app that can be used by the entire family.
  • 27. 26 ACCUCLASS Product offering includes a variety of options for the customer. “For classroom attendance tracking, AccuClass, the online class attendance system. Select your favorite way of recording attendance including web-connected computer, Apple device, RFID, or ID card. Instructors and educational Institutions”(2)  Provides RFID technology to track students attendance  A computer in the classroom as a sign-in station and have students sign in by swiping their student ID card in a magnetic strip reader or use a barcode reader(5)  Use time clocks mounted on the wall near the classroom entrance to capture the attendance(5)  Use an Apple device to call roll (5)  Use an Apple device and sign the students in by reading a QR barcode or swiping an ID card with a magnetic strip (5) Competitive Position Facilitate attendance tracking provides detailed reports all with a fully customizable way of taking attendance with different tracking methods.  Web-based software that is hosted in the Amazon cloud (6)  Real time results  Easy; There is no need for infrastructure change because of the use of software  Multiple options for recording class attendance (6)  RDIF  QR Scanner  Apple device roll call Strengths  Cloud syncing  Variety of platforms to use  Free use for the first semester  RFID technology to track students  Online Tutoring  Over 20 years of experience in attendance tracking software Weaknesses  Low brand equity  Weak online presence  Unappealing website  Will become time consuming for a larger class  Only compatible with iPhone Devices
  • 28. 27 SCHOLARCHIP Product Offering Contactless Card “ScholarChip provides smart card IDs for the K-12 market and also provides payment gateway and electronic signature solutions for the Higher Education institutions.”(15)  Automatically tracks credit hours and identifies students at risk for non-adherence, all in real time (7)  Allows automated real-time attendance taking.  A small device with a clear display and color-encoded LED indicator lights which detects cards at a 4 inch distance. (7)  Wall Mounted Attendance Board or a small USB device. (7)  Systems automate all aspects of school operations, financial transactions and security (7) Competitive Position  Synchronized ID card to attendance taking and identifies and locates students throughout campus  System verifies correct class and records the correct attendance status  Contactless SmartCard ID, ScholarAttendance™ automatically tracks credit hours and identifies students at risk for non-adherence, all in real time (7) Strengths  Integrated cloud services  Credibility from other institutions  Available on iPhone and Android devices  Very active on line presence  Smart card provides attendance, POS and e-transactions  Cloud based and Hardware based  Growing in customers base Weaknesses  Integrate a new ID system into universities  Attendance taking can only be conducted through a card  No access from the professors end
  • 29. 28 I-ATTEND.COM Product Offering “Our solution combines the proven technology of RFID and Barcode, and robust, scalable web- based application to track attendance at events, seminars, conferences or meetings of any size”(8)  Uses RFID and barcode technology to track attendance  No monthly contract and you can cancel at any time  Real time downloadable results  The use of multiple platforms  Use software to create a meeting or event and allows students to check in with their badge Competitive Position No long-term contract provides attendance access through barcode or RFID cards  Combining the proven technology of RFID and barcode to track attendance  Their RFID and robust and Barcode web-based application  You can use existing badges or create new  24 hour access to reports Strengths  Customers can use existing badges  Works with either RFID or badges  Data and reports available 24/7  Monthly contract Weaknesses  Limited information available on website  No mobile access  No pricing available on website
  • 30. 29 CAMPUS TRACK Product Offering “Monitor activity, control privileges, keep a verifiable record of attendance, and create an electronic log to improve security.” (10)  tracks various activities in the university  Improves safety and security in the institution  University can use existing badge system  Tracks visitors, guest and students  Provides mobile options Competitive Position Student tracking software that builds upon universities existing tracking management process  Secure ID cards supported by photos, smart card technology, and biometrics tracks throughout campus, in class, anywhere on campus or checking out a piece of gym equipment(10)  Campus Track provides college and university administrators with an electronic record of activity. (10)  Intuitive interface is also customizable, you can create your own drop-down lists to meet the specific needs of your institution or set your screen for automatic check-in to speed traffic flow.(11) Strengths  Tracks various campus activities & facilities  Build on their existing student ID programs  Compatible with other SQL systems  Free trial  No infrastructure change Weaknesses  No pricing available on website  No specific market  No tangible product provided
  • 31. 30 GPS TRACKING PRO Product Offering “ Keep Track of Your Family, Friends & Phones With GPS Technology. GPS Tracking Pro uses state-of-the-art GPS Tracker technology to quickly and accurately locate the people you care about, providing real-time location updates using GPS navigation.”(12)  Mobile application to keep track with GPS technology(12)  Provides real-time location  Provide up-to-the-minute information (12)  GPS Tracking Pro also tracks phones including mobile devices, smart phones, older devices and Androids (12) Competitive Position  Provides real time location  Accurate GPS location  App is also a cell phone tracker  GPS Tracking Pro app will send an invite text to your loved one’s phone. Once they reply with a “yes,” their icon will appear on the app’s map. You can now track their whereabouts 24/7. (12) Strengths  The GPS Tracking Pro app is compatible with AT&T, Verizon, Sprint or another phone carrier (12)  Ensures the most accurate, real-time reporting on the location of your family and friends (12)  Provides real-time data on location of family’s where about  User installations of 5,000,000 - 10,000,000  Free installation  High customer reviews Weakness  Only available for android devices  Cannot be established in an University setting  Limited to the mobile application market
  • 32. 31 SPRINT FAMILY LOCATOR Product Offering GPS enabled tracking feature form your smartphone, provides location  Real-time interactive satellite maps with street addresses and landmarks (13)  Automatic notifications on specific days and specific times.  Password protected and only available for parents  Texting available to the family member you’re locating  Locate up to 4 mobile devices  Safety Checks that automatically notify you of a child's location (13) Competitive Position  Can be used from mobile devices and desktop(13)  Benefit of using all sprint satellites for GPS  Real-time interactive satellite map  Reliability from carrier  Any Sprint phone can be located via its built-in GPS.(13) Strengths  Easily available to sprint users  Real-time access to street addresses  Established reputation  Free trial Weakness  Coverage not available everywhere.(13)  GPS reliability varies by environment.(13)  Available on select devices.(13)  A data transfer fee of 3¢/kb may apply (13)
  • 33. 32 LIFE 360 Product Offering “Life360 runs on your mobile device to allow you to view your family members on a map, communicate with them, and receive alerts when your loved ones arrive at home, school or work”.(16)  Allows family tracking with those who are in the Life 360 application  Free mobile application  Check in availability  At a glance feature to see where the members in your circle are at  Automate places  Includes private messaging feature  Includes group chat feature  Crime pins and offender pins  Premium Product offering $5 a month or $50 a year o 24/7 live advisor with emergency roadside assistance (14) o Unlimited places(14) o Unlimited location look ups (14) o Stolen protection services(14) o Extended features (14) Competitive Position  Availability to synchronize their locations  Provides convenient easy way to track members  Check in availability from anyone in the circle  Let’s you set your “favorite” location  Easier communication application  Availability to group all your connections into different groups Strengths  Free and premium product offered  Available on android and IOS platform  Automates with places  Growing number of using customers  Established reputation Weakness  Available only on mobile platform  No precise location feature available
  • 34. 33 JOLLY TECH Product offerings  Keeping track of tardies, absences and attendance  Management software for attendance provides IDs  Can take attendance through IDs  ID flows: tracks ID cards only  School track: student tracking software  Manages campus visits as well Competitive Advantage  Provides alert emails to parents when there is a violation  Detailed reports  Database accesability  Offers various solutions for tracking and managing either supplies, visitors or attendance Strengths  Established reputation through various institutions  Important client list  Various management products for the educational department  Accessible to system integration  Over 20,000 customers around the globe  Email Alerts to parents  Growing number of customer  Established company affiliations Weakness  No mobile applications  No involvement from faculty
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  • 38. 37 MACRO ANALYSIS ECONOMIC ISSUES 1. Increase in tuition  “Tuition has increased at a rate higher than inflation for 30 years, and the end result is higher student debt and an entire generation at a loss as to how they will pay off their loans.”(2)  IOCP: Will increase incentives for parents to buy Core Principles because investing in their education today will result in returns later. 2. Increase household income  “Real median household income for 2011 fell 1.5% to $50,054, which was 8.1% lower than in 2007.”(3) IOCP: Academic funding demand will increase which will require students with good academic standing, which will mean better attendance that Core Principles can use. 3. “Families are seeking evidence of successful results to justify their college investment.”(3) IOCP: The research Core Principle has provided will prove that their product will increase attendance which will correlate with passing classes and in the future success SOCIAL ISSUES 1. Increase in enrollment  “Enrollment in postsecondary degree-granting institutions is expected to increase 15 percent between fall 2010, the last year of actual data, and fall 2021”(5)  “Between 2013 and 2020, college enrollment is projected to increase 5% for 18- to 24- year-olds”(3) IOCP: Growing college enrollment will mean increase of Core Principle Customer base. Table 1 shows the projected increase of undergraduate college students
  • 39. 38 2. Increase in Incoming Freshman  “Between 2010 and 2021, first- time freshmen fall enrollment in all postsecondary degree-granting institutions is projected to increase 14%”(6) IOCP: Incoming freshman will be a good target market for Core Principle to focus on, because they are increasing in size. 3. High School Graduates  “The number of high school graduates is projected to increase 5 percent between 2008– 09 and 2021–22.”(9) Regions with higher high school graduates:  South projected increase 11%  West projected increase 4% IOCP: Potential customers from increasing number of high school graduates. Different regions provide a plan of who to target in the future with Core Principle’s product. 4. First Generation College students  “Estimated that 4.5 million freshmen are classified as first generation, low income students, 89% will leave college without a degree.”(11) The 2011 UCLA study also found that: “While 42 percent of students whose parents attended college graduated within four years, only 27 percent of first-generation students graduated within four years.”(12) IOCP: Since first generation are higly at risk to not complete college Core principle will need to educate and persuade parents of the benefits that class 120 brings. POLITICAL ISSUES 1. Performance Base Funding (This link provides a detailed list of each states’ metrics for PBF: http://www.ncsl.org/research/education/performance-funding.aspx)  “25 states are currently transitioning to some type of performance funding”(7) Many states will ned to comply will the following metrics, but not limited to:  increase degrees, diplomas, and certificates (7)  Increase graduation rates for low-income students by one percent (7)  First to second year retention rates (7)  Student progression (7) IOCP: Universities will be looking for solutions to increase graduation rates and retention rates, utilizing Core Principle’s products.’  Washington alone “allocated 10 million dollars in funding based on performance in fiscal year 2014” (7) IOCP: Institutions will be looking for more funding from states, Core Principle can help institutions increase student retention and graduation.
  • 40. 39 DEMOGRAPHICAL ISSUES 1. Increase diversity among colleges  “In 2011 the number of 18- to 24-year-old Hispanics enrolled in college reached a record 16.5% share of all college enrollments.” (3)  “The number of white high school graduates will drop significantly by 2027, while the number of Hispanic and Asian high school graduates will rise.” IOCP: Core Principle will have to implement different marketing strategies to accommodate the growing diverse demographics. TECHNOLOGICAL ISSUES 1. Mobile trends  “Among Americans with mobile phones, more have smartphones (56%) than feature phones (44%)”(3) IOCP: The increase of smart phone users will be beneficial to Core Principle’s products. 2. Increase in Online Courses  “Percentage of online students rose from 2009-2010 by 10%, making it a total of approximately 6 million students who took a class online”(10) IOCP: The increase of online courses will potentially negatively impact Core Principle because students will think it’s easier to go to classes online and not use class 120.  “34% of U.S. colleges offer a bachelor’s degree online.” (10) IOCP: The high number of online colleges can potentially lower traditional methods of getting a bachelor’s degree which will affect Core Principles customer base. LEGAL/REGULATORY ISSUES (1) Privacy Issues  “FERPA gives parents certain rights with respect to their children's education records. These rights transfer to the student when he or she reaches the age of 18 or attends a school beyond the high school level”(8) IOCP: Core Principle will need to provide incentives to students as well as parents to overcome this privacy issue.
  • 41. 40 SWOT Strength (Internal)  Leadership with extensive knowledge of the student success industry and several established relationships with institutions  Patented and trademarked software  Social Media research with Crimson Hexagon  A range of schools GEO mapped with their patented software (306 schools)  Partnering with various institutions to launch their pilot program  Cellphone pinning technology provided for iPhone as well as Android systems  Real time reports.  Strong position in market with their GEO technology Weaknesses (Internal)  Unestablished credibility with universities  Behind schedule with website launch  Haven’t implemented SEO strategies  Missed initial launched dates  Limited availability of capital Opportunities (Macro &Industry)  Performance base funding is being adopted by more institutions  Historical and current growth in the Educational support field will benefit Core Principle  The Exam preparation industry shows an increase growth of 2.2%  The increase in mobile devices for educational purposes  Institutions increasing their performance standards provides opportunity for Core Principle products  Tuition increase serves as an driver for parental purchase  Enrollment is expected to increase a total of 15% in the next 7 years  The increase of high school students will create a wider pool of freshman college students Threats (Macro & Competitors)  Privacy issues with FERPA  Decrease in household income could hinder the parent market  Online education is growing rapidly which can change the traditional education methods  A large number of competitors with established reputation  Life 360 provides a free mobile app with tracking services.  Jolly Tech which provides similar attendance taking service  Accuclass which provides RFID technology to track attendance; or mobile aided attendance taking
  • 42. 41 STRATEGY OVERVIEW After reviewing the data and all the findings it has been shown that it would be beneficial for Core Principle to go after three different narrowed segments in the industry. Core principle should focus on freshman university students, helicopter parents and Division 1 athletic departments. Because of their strong position with their GEO technology, it’s better if Core Principle target these customers, Core Principle has the advantage of being a new company, where they can establish the specific message they wish to implement. The goal for Core Principle should be to push their product units, an additional goal should be to establish brand awareness and status. The more logical strategy for Core Principle to establish should be to an establish brand recognition and product credibility by acquiring support from universities. Having their products in an established in a university can provide the awareness to their company and their product. Being a new company Core principle will have to provide an incentive to obtain universities support. Overall strategy should be aggressive marketing to a narrowed market and a discounted price or free trials for certain established universities. This strategy provides Core Principle with two advantages 1. Create brand recognition and credibility 2. Will create a wave effect if they establish their product with the right universities, and other universities will want the Class 120 product Logical strategy for Core Principle in regards to athletic departments would be to provide the professor app to the institutions, the professor app would seem more suitable for this market because the athletic department already has this system in place for their athletics it would just be an addition and provide the needed technology to track all the athletes and provide real-time results of which students have missed what percentage of classes. Alternatively you can also provide the athletes with the GEO app this would require no assistance from faculty and would be wireless, this would work better with larger institutions where most athletes have different majors. Reasons why to implement this strategy 1. GEO app will be more convenient to athletic departments 2. Professor app will integrate technology into attendance taking measures already being implemented by athletic departments A smaller focus should be placed on individual parents by providing internet marketing efforts, and strategically focusing those parents that are heavily involved in the child’s education, these parents will already be looking for methods to be involved in their child’s education when they begin college. An internet marketing that’s tailored to the target market will be an additional tool that core Principle can use. Reasons why establishing an internet marketing campaign and providing incentive for established universities to use this product would include would be beneficial for Core Principle:  Core Principle has a limited number of personnel, the internet could facilitate marketing efforts  Limited resources and a target message will increase the likelihood of purchase & time restraint  Allow customable the message for the different markets  Establishing relationship with universities will bring more customers and brand awareness to Core Principle
  • 43. 42 GOALS AND OBJECTIVES For core principle to establish credibility and brand recognition in order to acquire sales they must have an objective of selling over 800 units per university, distribute over 500 professor apps to athletic departments and 300 individual unit to parents in a 6 month period. Yearly they should increase units sold by 30% Through our secondary data we were able to show that this is a reachable goal especially with incoming freshman and universities receiving pressure regarding their graduation rates. The high spending athletic departments and the heavily involved parents Table 1. Shows the forecasted sales figures according to the established goals (revenue will vary depending on version)  If every year Core Principle should increase units sold by 30% at the end of 3 years their estimated total revenue would be of 1.5 million depending of what version of Class 120 is sold These goals are reachable for Core Principle athletic departments already take attendance for student athletes and according to secondary data there is on average 800 students athletes in a university, Core Principle would only facilitate the process of attendance taking. Data shows that the number of freshman students is estimated at 3 million, these are enough number of customers to reach the goal of either selling Class 120 GEO or the Professor App- however universities would be less inclined to take time out of a class of 200 students to manually take attendance like you would with GEO app.  Optimistic goal will be of 1,600 GEO units sold in a 6 months period  Best estimate goal is estimated at 1,000 GEO units sold in a 6 month period  Pessimistic goal is at 800 GEO units sold in a six month period OTHER GOALS & OBJECTIVES  Begin their organic search engine optimization  Establish relationship with university officials  Fully establish and become active in all form of Social Media including their blog CLASS 120 GEO Year 1 units sold Year 2 units sold Year 3 units sold 2015 2016 2017 Parent 600 780 1,014 $129,000 $167,700 $218,010 Universities 1,600 2,080 2,704 $344,000 $447,200 $581,360 Athletic Departments 300 390 507 $64,500 $83,850 $109,005 PROFESSOR APP Parents N/A N/A N/A N/A N/A N/A Universities 800 1,040 1,352 $172,000 $223,600 $290,680 Athletic Departments 500 650 845 $107,000 $139,100 $180,830
  • 44. 43 TARGET MARKETS Through my secondary research I concluded that Core Principle should heavily target three different markets the performance based funding universities, division one athletic department and helicopter parents and freshman parents only slightly. Reasons why Core Principle should target these markets  The return will be more significant from Universities and athletic departments  Sales from universities will establish credibility and word of mouth marketing to other institutions  More spending ability form institutions & athletic departments than individual parents  Universities will demand bulk units this provides a greater chance to achieve internal goal of 40,000 units 1. Universities Universities are one of the profitable markets that Core Principle should focus on because they can purchase units in bulk orders, and they will be more willing to invest in this type of expenditure of they know that their retention efforts will translate to funding from the state.  Heavily target low freshman retaining universities in performance based funding states. If Core principle focuses only on performance based funding universities with low freshman retention rate it narrows the pool and will require a smaller budget. Below is a small example of potential target segments 2. Athletic Departments (Division 1 Schools) Atheletic departmenst are a second target market that should be focused by core principles my researched showed that on average an athletic department spends millions for their athletic departments, plus they already incorporate attendance taking measure to their programs, so this is an added bonus for Core Principle all they would have to do is implement the technology to facilitate this process that athletic departments already do  Heavy spending Division 1 athletic department are more likely to purchase Class 120.  According to the University of Arizona Department of Intercollegiate Athletic handbook student absences policy, if a student has 4 unexcused absences they will be suspended for 15% of the team’s competitions.(1)  Athletic departments will be swayed to acquire the Class 120 GEO for the team players especially for star athletes. State University University Type Freshman Retention rate Florida Lynn University Private 62% Barry University Private 64% University of West Florida Public 74% Mississippi Jackson State University Public 75% Arizona Northern Arizona University Public 73%
  • 45. 44 3. Parent Helicopter parents are a market that Core Principle should focus on, this should be a minor focus for Core Principle right now because they will provide less revenue. Although it is estimated that around 27% of parent income and savings account for paying for students college cost, there would need to be a greater amount of units sold for parent to be equivalent to the amount a sole university would purchase.
  • 46. 45 POSITIONING PLAN UNIQUE SELLING POSITION The most important feature that Core Principle has in their possession is their GEO mapping software, they should be known for their GEO patented software which is their only one currently in the market and cannot be copied. This feature is something that Core Principle should emphasize on with their marketing strategies. Core principle should be known for their creative style to attendance taking measure they should focus their marketing on the simplicity and innovation that their GEO product provides. Not only that but their GEO product doesn’t require any infrastructure change to the universities, provides motivational tools for students and is a convenient and simple form of attendance taking, that will provide real results and measure to athletic department or their advising centers. SELLING PLAN The selling plan that Core Principle will place will be different for different markets because providing a generic message will take away from the benefit that Class 120 provides to each market. A tailored message will work more for all customers because they will be more inclined to purchase the product. The messaging the Class 120 will bring will be of something that assist you whether it be universities, athletic departments , or parents. The customer has to feel that the Class 120 product will be the answer to one of their problem, for each market below is the messaging that Class 120 will provide. Universities For universities Core Principle will sell a learning driving tool: meaning that Class 120 GEO will provide results through their attendance taking methods schools will see more retention and graduation results, plus it’s easy to use requires no infrastructure change and provides motivational tools. Athletic Departments For athletic departments Core Principle will sell an time saving tool: meaning they will sell a tool facilitate their attendance tracking methods that are already in place in many division 1 universities, leaving behind those outdated methods of taking attendance plus and its technology provides real time results and dashboards for measures. Parents For parents Core Principle will sell a piece of mind tool: meaning that parents will feel at ease knowing that the investment they have made in their child’s education will be fully met because they are attending classes and passing and what’s more important they are learning.
  • 47. 46 MARKETING MIX KEY ELEMENTS Product Core principle has the advantage of two products to promote in attendance taking efforts patent pending software of Class 120 GEO and their professor app product provides an easy method to take attendance and provides real-time results. Price Class 120 GEO is priced at a competitive rate of $199.99 for the basic all the way through $343.99 for the complete version. Their price applied for their innovative patent technology of GEO mapping is sufficient enough to establish quality but not unreachable to customers. Promotion For a promotional strategy I suggest that Core Principle uses Internet marketing and personally selling strategies, as well as social media and blog tools to bring brand awareness Place For Core Principle it would be more effective if they sold online, they should heavily implement so SEO strategies or Google AdWords to their current website in order to increase their online presence since it is the only place they will be present. People Core Principle is already surrounded by knowledgeable people who are passionate about the work they do and the product they provide, Core Principle should highlight on that company trait. Marketing Mix Product •Class 120 Geo •Proffesor App Price •$199.99 •$214.99 •$343.99 Place •Online Promotion •Internet Marketing •Personal Selling People •Staff Knowledagle in student success
  • 48. 47 TAG LINE Universities “Learn with 120” Athletic Department “Score with 120” Parents “Peace with 120”
  • 49. 48 PROMOTIONAL STRATEGY Promotional Activities The promotional activities that Core Principle should engage in are heavy online presence, personal selling, one partnering activity and heavy social media use. I think that if Core principle engages in these communication mixes they will gain a lot of brand awareness not only that but they will get many customer or people that just want to find out about their products . Below I prepared an estimated budget for the marketing activities that Jeff should utilize: Promotion Activity Capital Required (Yearly) Time Spent on Activity Google AdWords $250 Ongoing Email Marketing (Mailchimp) 2,00 subscribers = Free 50,00 subscribers = $300 Ongoing Facebook Advertising 3,000 Ongoing Twitter Advertising Varies Ongoing Twitter/Facebook Giveaway $800 Monthly Linked In $130 Ongoing Blog $150 Ongoing YouTube Varies Trade Shows $18,000. 2 a year Web Seminar (Skype) Premium =$36 Ongoing Campus Partnering $2,000 2 a year Digital Magazine $1,000 4 a year Total Spending $27,000 (estimated) Proposed Communication Online In order for Core Principle to establish brand awareness and increase their communication to their target market to inform of all their product’s benefits they will need to engage in various online marketing methods and branch out in as many platforms as possible Internet Google AdWords Establishing Google AdWords will provide a paid method to reach across the internet platform. A pay per click strategy should be implemented in order to stay within the budget. Key words like; attendance tracking and college athletic attendance should be among the primary key words that Core Principle will implement in their Google AdWords campaign.
  • 50. 49 Email Marketing Purchase an email list of parents of freshman students and this way email marketing will be an easier way for Core Principle to keep customers up to date with the new updates or other information, as well as attracting new parent to purchase their product. Heavy emphasis should be place in the market of universities and athletic departments for this Social Media Campaign Core principles should utilize social media tools heavily they should incorporate a giveaway through their Facebook and Twitter platforms to engage all the parent out there that could potentially be interested in their product. They should heavily influence people to provide their email address and tweet that they have entered a contest from Core Principle for example: “I just entered to win a Class 120 Software app from @GetClass120! #learnwith120 #giveaway You Could Win TOO! Class120.com/giveaway” Facebook Facebook is a tool that Core principle should heavily utilize when it comes to marketing should sponsor their post and engage daily to keep constant contact with customers. Facebook can serve as a tool where they display their blog content as well as upcoming products and software updates. Since they are a new company they should sponsor their posts. Twitter Twitter will serve to promote their blog updates and engage with customers constantly. Core Principle should incorporate #Class120 to further increase customer engagement. Linked In Core principle needs to establish a linked in account because this is the best method to perform B2B connections. Core Principle will be able to connect with other professionals in the education field which is extremely important since my strategy calls for extreme focus on universities and parents. Google Plus Google Plus might seem similar to Facebook but Google Plus is an essential tool to have Google will more probably rank Class 120 higher. Google is more likely to place importance to their social media platform than Facebook. This is a strong driver as to why Class 120 needs to be heavily involved with Google Plus, specially to promote their blog post.
  • 51. 50 Blog The most important piece for their internet strategy has to be to incorporate a blog. The blog is the most important tool if you try to connect with parent not only that but content marketing is becoming a growing field. Core principle needs to connect with Helicopter parents, mom blogs and college blogs. If Core Principle can have one of these types of blogs comment on their content of Justification: Social media is a free method when you don’t sponsor and can help companies build brand awareness; because Core Principle is a new company I think that they should implement a lot of Social media campaigns. Website Core principle needs to finalize designs on their current website, and update some designs to make it more user friendly. Currently Class 120 website lacks appeal it incorporates too much text which doesn’t appeal to the eye. Another recommendation that I’d encourage Core Principle to do is establish a weekly newsletter and have people register on the website for either blog updates or product software updates and more. Not only will this help with customer awareness this will also provide a greater list for email marketing purposes. Justification: A cleaner website can improve customer use as well as increase organic search engine optimization with their high quality content, plus customers will enjoy the fact that they can receive weekly updates. Local Event Activities Trade shows Limited budget in Core Principle’s marketing requires a strategic plan of promotion visiting educational trade shows can prove to be beneficial in establishing relationships with potential universities and athletic departments, trade shows will bring awareness to Core Principle’s product while also providing form for Jeff to network with potential clients. Justification: Trade shows act as a place where Core principle can display they products and explain further details, provides communication and also allows Core Principle to network with potential customers and see who their competitors are.+
  • 52. 51 Personal Selling Methods Web seminars Due to a limited budget Core Principle should stick to performing most of their personal selling through web tools like Skype. This will still incorporate the customer and they can get a sense of trust, and will save Core Principle money, because they won’t have to travel to every single university. Traveling to universities should be left to when both parties are ready to sign a contract. Justification: Through web seminars Core Principle can personalize the marketing efforts still provide feedback to the customer’s objections while still saving money, they will be able to hear all the concerns and all the questions that they would in person, and Jeff will be able to obtain their trust something that wouldn’t; be possible if Jeff only performed sales calls Partnering Activities Campus partnering: Core Principle will need to partner with someone that is big yet not too big because they will be overshadowed by the popularity of that company. I think that they would benefit from partnering with companies that provide tools to school like pencil or pens or note pads. Justification: Partnering up with companies that provide educational supplies will not contribute to competition, and Core Principle will not be overshadowed by the bigger company. Traditional Marketing Digital Magazine Core Principle should do something unique that can make them stand out which is why I am proposing that they have a personalized web magazine and they should incorporate news and other company products. Plus they can incorporate the latest news in the educational field. Example Provided Below http://flippingbook.com/presentation-examples/ Other Activities  Affiliate marketing through blogs  SEO activities  SEM activities  YouTube videos for engagement
  • 53. 52 OTHER ISSUES As of now Core Principles has established a good position with their GEO mapping software. A few other issues that Core principle will need to address in order to truly thrive as a business are:  Be in production of their product update  Address cons to battery issues towards the mobile devices  Release Class 120 updated version a year after Class 120 launch  Fix any technical bugs that Class 120 may have  Verify that Class 12 works properly in all forms of mobile platforms  Distributing of Class 120 should be expanded to the targeted markets  Increase their employee pool to meet demands
  • 54. 53 SUMMARY Core principle has the product that can become extremely popular, they just need to implement tools that can help them achieve higher sales by applying these tool I think that Core Principle will increase their sale rapidly. In 3-5 years I think that Core Principles will establish over 40,000 users if they heavily apply they strategies I provided above. My plan will contribute to Core Principle in three way  Establish Communication  Create Brand Awareness  Inform Customers of the Product Because these are essential requirement to any successful company and Core Principle will be implementing these items I think that they will become highly successful
  • 55. 54 WORKS CITED (1) http://athletics.arizona.edu/cats/2011-12_StudentHandbook.pdf INDUSTRY WORKS CITED (1) "Educational Support Services in the US - Industry Market Research Report" by IBISWorld August 2007. (2007). M2PressWIRE, (2) http://sloanconsortium.org/news_press/january2013_new-study-over-67-million-students-learning-online (3) Reilly, C. (2013, November 14). NSU weighs raising GPA admission requirement. Virginian-Pilot, The (Norfolk, VA). (4) http://abcnews.go.com/WNT/Technology/story?id=2641669embarrassing-academic-decline/ (5) http://www.usnews.com/education/online-education/articles/2011/11/11/study-online-education-continues-growth (6) Bowman-Perrott, L., Davis, H., Vannest, K., Williams, L., Greenwood, C., & Parker, R. (2013). Academic Benefits of Peer Tutoring: A Meta-Analytic Review of Single-Case Research. School Psychology Review, 42(1), 39-55. (7) ( http://www.crla.net/ittpc/about_ittpc.htm (8) http://www.tutor.com/higher-education/ (9) http://www.tutor.com/cmspublicfiles/WWW/HigherEdSellSheet.pdf (10) http://www.forbes.com/sites/jamesmarshallcrotty/2012/10/30/global-private-tutoring-market-will-surpass-102- billion-by-2018/ (11) http://theweek.com/article/index/220277/americas-tutor-boom-by-the-numbers (12) http://www.strategyr.com/pressMCP-1597.asp (13) Erwina, I. (2013, September). Mobile Apps. In mintel.com. Retrieved March 22, 2014, from http://academic.mintel.com.ezproxy.library.unlv.edu/display/637755/ (14) http://blog.newrelic.com/2013/04/01/mobile-apps-industry-to-reach-record-revenue-in-2013/ (15) http://www.ntatutor.com/ (16) http://www.governing.com/topics/education/gov-performance-based-college-funding-coming-stateside.html (17) http://www.ibisworld.com/industry/smartphone-app-developers.html (18) U.S. News Syndicates Industry Report. (2010). M2PressWIRE, (19) http://www.oracle.com/us/industries/education-and-research/overview/index.html (20) Pearson plc SWOT Analysis. (2014). Pearson SWOT Analysis, 1-9. (21) http://www.blackboard.com/Markets/Higher-Education-(1)/Overview.aspx (22) Kaplan, I. c. (2). Fast Company Magazine Names Kaplan Among World’s 10 Most Innovative Education Companies. Business Wire (English). (23) Adams, C. (2011). Value of Test-Prep Courses for College Admission Unclear. Education Week, 30(22), 10-11. (24) http://www.americanprogress.org/wp-content/uploads/issues/2012/08/pdf/performance_funding.pdf (25) http://cpr.iub.edu/uploads/AIR%202009%20Impact%20of%20Helicopter%20Parents.pdf (26) http://www.oracle.com/us/corporate/oracle-fact-sheet-079219.pdf (27) https://nces.ed.gov/fastfacts/display.asp?id=46 (28) http://nces.ed.gov/fastfacts/display.asp?id=98 (29) https://www.khanacademy.org/coach-res/higher-ed/case-studies-higher-ed/a/using-khan-academy-in-higher- education (30) http://www.insidehighered.com/news/2011/12/07/khan-academy-ponders-what-it-can-teach-higher-education- establishment (31) (31) Exam Preparation & Tutoring Industry (NAICS 611691). (2013). United States Exam Preparation & Tutoring Industry Capital & Expenses Report, 1-154. (32) http://blog.vantagepath.com/blog/mobile-learning-stats-that-will-blow-your-mind-infographic (33) http://www.foxbusiness.com/personal-finance/2013/01/28/higher-education-trends-to-watch-for-in-2013/ (34) http://www.theatlantic.com/education/archive/2013/12/5-higher-education-trends-for-2014/282702/ (35) http://pmark.pearsoncmg.com/templates/assets/pdf/MyLab-and-Mastering-10-Best-Practices-September-2013.pdf (36)
  • 56. 55 INTERNAL ANALYSIS WORKS CITED (1) http://www.census.gov/easystats (2) http://www.statisticbrain.com/average-cost-of-college-tuition/ (3) http://class120.com/parents/ (4) StudentAid.com Names Jeff Whorley President to Expand Its Services for Colleges and Consumer . (2009, November 13). In StudentAid.com. Retrieved March 11, 2014, from http://www.studentaid.com/Resources/Downloads/Press/Whorley_named_president_SAcom.pdf (5) http://www.linkedin.com/profile/view?id=11980587&authType=NAME_SEARCH&authToken=5tWB&locale=en_US&srchid=1170124871394588267526&srchindex=1&srchtotal=221&trk=vsrp_people_res_name&trkInfo=VSRPsearchId%3A1170124871394588267526%2CVSRPtargetId%3A11980587%2CVSRPcmpt%3Aprimary (6) http://class120.com/home/ CUSTOMERANALYSIS WORKS CITED (1) Snyder, T. D., Dillow, S. A., & National Center for Education Statistics, (. (ED). (2010). Digest of Education Statistics, 2009. NCES 2010-013. National Center for Education Statistics (2) http://www.insidehighered.com/news/2007/03/15/parents (3) Aud, S., Wilkinson-Flicker, S., Kristapovich, P., Rathbun, A., Wang, X., Zhang, J., & National Center for EducationStatistics, (. (2013). The Condition of Education 2013. NCES 2013-037. National Center For Education Statistics, (4) Aud, S., Wilkinson-Flicker, S., Kristapovich, P., Rathbun, A., Wang, X., Zhang, J., & National Center for Education Statistics, (. (2013). The Condition of Education 2013. NCES 2013-037. National Center For Education Statistics, (5) https://nces.ed.gov/programs/coe/indicator_cha.asp (6) http://trends.collegeboard.org/sites/default/files/analysis-brief-how-students-parents-pay-college.pdf (7) http://en.wikipedia.org/wiki/List_of_NCAA_Division_I_institutions (8) http://www.ncaa.com/news/ncaa/article/2011-11-02/ncaa-participation-rates-going (9) http://www.usatoday.com/story/sports/ncaaf/2013/01/15/division-i-colleges-spend-more-on-athletes-than- education/1837721/ (10) http://exactsports.com/blog/ncaa-and-naia-scholarships-know-the-difference/2011/02/05/ (11) http://nces.ed.gov/pubs2014/2014051.pdf (12) http://www.raisingmaturekids.com/Helicopter_Parenting.pdf (13) https://www.census.gov/compendia/statab/2012/tables/12s0286.pdf (14) http://www.heri.ucla.edu/monographs/theamericanfreshman2012.pdf (15) http://politic365.com/2013/01/24/college-dropout-rate-called-national-crisis-in-new-report/ (16) http://nces.ed.gov/fastfacts/display.asp?id=40 (17) http://www.slate.com/blogs/the_slatest/2013/02/27/college_completion_rates_54_percent_of_first_time_students_ graduate_within.html (18) http://www.quickanded.com/2010/12/u-s-college-graduation-rate-stays-pretty-much-exactly-the-same.html (19) http://nces.ed.gov/pubsearch/pubsinfo.asp?pubid=2014902 (20) http://www.act.org/research/policymakers/pdf/12retain_trends.pdf (21) https://www.salliemae.com/assets/Core/how-America-pays/howamericapays2013.pdf (22) http://nces.ed.gov/programs/digest/d12/tables/dt12_224.asp (23) http://www.ncsl.org/research/education/performance-funding.aspx (24) http://www.schoolchoices.org/colleges/ (25) http://ope.ed.gov/athletics/SelectDownloadOptions.aspx?73656172636843726974657269613d3335336432373331323732363732363437343364333432663332333932663332333033313334323033313331336133353330336133323331323035303464267264743d342f32392f323031342031313a35303a323120504d (26) http://nces.ed.gov/programs/digest/d13/tables/dt13_303.10.asp COMPETITOR ANALYSIS WORKS CITED
  • 57. 56 (1)http://shop.sprint.com/mysprint/services_solutions/details.jsp?detId=sfl&catId=service_gps&atName= GPS&detName=Sprint%20Family%20Locator (3) http://www.engineerica.com/about (4) http://www.scholarchip.com/collegesanduniversities/index.aspx (5) http://www.engineerica.com/accuclass (6) http://www.engineerica.com/accuclass/features (7) http://www.scholarchip.com/collegecardbasedattendance.aspx (8) http://www.i-attend.com/ (9) http://opentech-us.com/tracking-software/college-student-tracking-software-campus-track/ (10) http://opentech-us.com/tracking-systems/college-campus-tracking-system/ (11) http://opentech-us.com/tracking-software/college-student-tracking-software-campus-track/ (12) https://play.google.com/store/apps/details?id=com.fsp.android.c (13)http://shop.sprint.com/mysprint/services_solutions/details.jsp?detId=sfl&catId=service_gps&catName=GPS&detName=Sprint%20Family%20Locator (14) https://www.life360.com/premium/ (15) http://www.scholarchip.com/history.aspx (16) https://www.life360.com/tour/ MACRO WORKS CITED (1) "Educational Support Services in the US - Industry Market Research Report" by IBISWorld August 2007. (2007). M2PressWIRE, (2) Hilsinger, C. (2013). Up, Up And Away: College Tuition Is On The Rise. Forbes.Com, 57. (3) http://www.sumsem.com/testing/2013_trends.pdf (4) http://clients.thelawlorgroup.com/Lawlor_Trends_2014.pdf (5) http://nces.ed.gov/programs/projections/projections2021/sec5a.asp (6) http://nces.ed.gov/programs/projections/projections2021/sec5d.asp (7) http://www.ncsl.org/research/education/performance-funding.aspx (8) http://www.ed.gov/policy/gen/guid/fpco/ferpa/index.html (9) http://nces.ed.gov/pubs2013/2013008.pdf (10) http://www.statisticbrain.com/online-university-statistics/ (11) http://www.plazacollege.edu/blog/2012/10/first-generation-college- students-and-beating-the-odds/ (12) http://education.cu-portland.edu/blog/reference-material/first-generation- college-students-graduation-rates/
  • 58. 57 APPENDIX Tag Line Promotion