The document discusses implementing a sub-product strategy for the Global Internship Program (GIP) to improve match rates and quality of sales. It proposes segmenting GIP into 16 sub-products based on technical, social science, management, and other fields. This allows focusing development on different sub-products step-by-step. Implementing sub-products includes clarifying market segmentation, linking sub-products to focus industries, and packaging sub-products for companies. Case studies from Romania show recruiting with specific sub-products that each have distinct business models, value propositions, and marketing strategies. Globally, sub-products are grouped based on scale and growth to prioritize development of high-scale, high-growth sub
FMCG is the fourth largest sector in the Indian economy
Household and Personal Care is the leading segment, accounting for 50 per cent of the overall market. Hair care (23 percent) and Food & Beverages (19 per cent) comes next in terms of market share
Retail market in India is estimated to reach USD1 trillion by 2020 from USD600 billion in 2016, with modern trade expected to grow at 20 per cent per annum, which is likely to boost revenues of FMCG companies
People are gracefully embracing Ayurveda
Profit Model Improvement and Innovation: How Businesses Really Make Money and...Rod King, Ph.D.
“Profit is the oxygen of a business.”
How would you classify your profit model? How would you improve or innovate on it?
If you are asking the above questions, you are thinking about Profit Model Innovation (PMI). The current focus is on business model innovation. However, for established businesses the Profit Model poses the greatest risk to the existence of the business.
This presentation presents an industry-based classification system for profit models. The Profit Model Classification System (PMCS) can be used to visually organize and classify profit models in the past, present, and future. The PMCS would save you considerable time and energy when formulating, testing, and managing prototypes of profit models.
Business Policy and Strategy course: Presentation of Strategic Analysis capstone project under MGMT 6800
MBA Partial Requirement Fulfillment
Copyright- Maria Helga Melgar
Johnson and Wales University, Providence
Graduate School of Business
Intro to International Product Management by AWS Principal PMProduct School
Main takeaways:
- What is International PM
- Best Practices in Launching New Products in New Countries
- Personal Lessons Learned
- Getting Hired as an International PM
Spinning Data Into Gold: How to “weaponize” data to de-risk and grow your bus...Max Connect Marketing
Most businesses now face the same difficult questions - how to cut costs without killing the business, how to make marketing dollars go further, and how to find growth opportunities while most other businesses are shrinking. Analytics expert, Tim Kapp, will talk about how companies of every size should be “weaponizing” data to de-risk and grow their business during a downturn. We’ll cover customer retention, improved campaign targeting, cost-cutting through process mining, and how to build data expertise without breaking the bank.
FMCG is the fourth largest sector in the Indian economy
Household and Personal Care is the leading segment, accounting for 50 per cent of the overall market. Hair care (23 percent) and Food & Beverages (19 per cent) comes next in terms of market share
Retail market in India is estimated to reach USD1 trillion by 2020 from USD600 billion in 2016, with modern trade expected to grow at 20 per cent per annum, which is likely to boost revenues of FMCG companies
People are gracefully embracing Ayurveda
Profit Model Improvement and Innovation: How Businesses Really Make Money and...Rod King, Ph.D.
“Profit is the oxygen of a business.”
How would you classify your profit model? How would you improve or innovate on it?
If you are asking the above questions, you are thinking about Profit Model Innovation (PMI). The current focus is on business model innovation. However, for established businesses the Profit Model poses the greatest risk to the existence of the business.
This presentation presents an industry-based classification system for profit models. The Profit Model Classification System (PMCS) can be used to visually organize and classify profit models in the past, present, and future. The PMCS would save you considerable time and energy when formulating, testing, and managing prototypes of profit models.
Business Policy and Strategy course: Presentation of Strategic Analysis capstone project under MGMT 6800
MBA Partial Requirement Fulfillment
Copyright- Maria Helga Melgar
Johnson and Wales University, Providence
Graduate School of Business
Intro to International Product Management by AWS Principal PMProduct School
Main takeaways:
- What is International PM
- Best Practices in Launching New Products in New Countries
- Personal Lessons Learned
- Getting Hired as an International PM
Spinning Data Into Gold: How to “weaponize” data to de-risk and grow your bus...Max Connect Marketing
Most businesses now face the same difficult questions - how to cut costs without killing the business, how to make marketing dollars go further, and how to find growth opportunities while most other businesses are shrinking. Analytics expert, Tim Kapp, will talk about how companies of every size should be “weaponizing” data to de-risk and grow their business during a downturn. We’ll cover customer retention, improved campaign targeting, cost-cutting through process mining, and how to build data expertise without breaking the bank.
3. Why Sub Product?
Improve Match
The network needs a common language to align
supply and demand. We also need to be specific to
raise right TN/EP. GIP is too general.
Improve Quality Sales
Different customers have different needs and they are
attracted by AIESEC for different reasons. It is
important to be clear whom we are selling our product
and how they will be attracted. GIP is too general.
4. Why Sub Product?
Further development of GIP
Product segmentation allows us to really focus and
develop different sub products step by step.
7. Technical:
16 GIP --------------------
Sub-Products Information Technology
Nature & Life Science
Management Engineering
---------------- Other Technical Subjects
Marketing
Accounting Social Science and Culture:
Business --------------------
Administration
Teaching & Language Education
Finance
Arts & Architecture
Law
Cultural Education
Human Resources
Social Sciences
Economics
Communication & Journalism
9. Technical |
Information Technology
Artificial Intelligence
Database Management
Mobile Applications
Mobile Technology
Network Management & Data Transmission
Software Development and Programming
Systems Analysis and Design
Web Development and Management
10. Technical |
Nature and Life Science
Agriculture Genetic Engineering
Applied Physics Horticulture
Biochemistry Land & Water Management
Biology Medicine & Healthcare
Biophysics Microbiology
Ecology Molecular Biology
Environmental Protection Organic Chemistry
Food Engineering Physical Chemistry
General & Inorganic Chemistry Process Engineering / Bioprocess
14. Social Science and Culture|
Teaching & Language Education
Advanced Teaching
Child (Youth) Education
Foreign Languages Education
Introductory Teaching
Linguistics
Subjects Education
15. Social Science and Culture|
Arts & Architecture
Architecture
Arts
Fashion & Design
Graphic Design
Social Science and Culture|
Cultural Education
Advanced Cultural Education
Bilingual and Cross Cultural Education
International Education
Introductory Cultural Education
16. Social Science and Culture|
Social Sciences
Counselling and Guidance
Development Studies
Psychology
Social Work
Sociology
Social Science and Culture|
Communication & Journalism
Introduction to Communications
Journalism
Public Relations
18. Management|
Marketing
Advertising + Public Relations
Brand & Trademark Management
Consumer + Buyer Behavior
Customer Relationship Management
Import & Export
International Marketing
Introductory Marketing
Market Research & Evaluation
Product Planning, Development & Control
Retail + Sales Marketing
19. Management|
Human Resources
Advanced HR management
Industrial relations
International Resource Management
Introductory HR management
Organisational Behaviour
Personal Evaluation
Recruitment and Allocation
Training and Development
20. Management|
Economics
Developmental Economics
Economic Research + Forecasting
Environmental Economics
International Trade + Balance of Payment
Introductory Economics
Macroeconomics
Microeconomics
Monetary Economics + Public Finance
Political Science
Statistics
24. Management|
Business Administration
Corporate Community Engagement
Crisis Management
Event Management
Hotel + Restaurant Management
Industrial Management
International Management
Introduction to Management / Business Administration
Organisation Management + Planning
Project Management
Transportation / Distribution Management
26. Clarification of Market
& Product Segmentation
1) Market segmentation to drive penetration in the
market
2) Sub product to align supply & demand
Market
Segmentation
Product
Segmentation
27. 1) Market segmentation to drive
penetration in the market
Case study 1: Market penetration in Bursa-City in
Turkey
70% TNs realized in top 3 industry:
Automobile, Textile, Food
Penetration in top industries:
-Well known as international talent provider in the industry HR circle
-Cooperation with big names in the industries
-Exposure on most industry events as guest
-Cooperation with main industrial park (contacts of all companies in
the industries)
28. 2) Product segmentation to align supply and
demand
Case study 1: Sub Product Package in Brazil
AIESEC Brazil offers 5 sub products for AIESEC to sell in
key industries. For each product, they have specific
proposal with concrete supply information, proposed JD
and testimonial.
The benefits of sub product package is-make it specific
for company to understand AIESEC and make it easier
for members to sell with business language.
29. Sub Product Matrix
Market A Market B Market C
Product A
Product B
Product C
30. Implementation advice for ICX
• Choose focus industries
• Link sub products with focus industries
• Build sales force around focus industries
• Package and offer sub products
32. Clarification of Market
& Product Segmentation
1) For OGX, market segmentation can be based
on sub product. We do recruitment based different
backgrounds and type of JD.
2) Students also want to know what industries
they will be working for.
33. Recruit with GIP sub product
Case study: AIESEC Romania OGX operation is
based on sub product.
34. Recruit with GIP sub product
Case study: AIESEC Romania
• Each product has it`s own business model
and value proposition
• Each product has it`s checklist
• Each product has different marketing strategy
• Implementation is done through ongoing
recruitment
• Each products has different suppliers
36. Recruit with GIP sub product
• Each product is
implemented by one
Project Manager from MCVP oGIP
the national level
• Each Project
Manager is working
directly with the local Global Education Global
Global IT PM
Project Managers Project Manager Marketing PM
Structures Global IT OCP
37. Recruit with GIP sub product
• Every product has a working space for better
tracking
What you should track in the working space:
1. Strategy & Timeline
2. Pipeline
3. OCP Contacts
4. Supplier management
5. LC Tracking tool & status
6. Global Supply and demand
7. Partnerships with youth alliances
42. Globally, we are developing
business strategies for
different sub products based
on scale & growth.
43. (Absolute growth of TNs)
LOW SCALE – HIGH GROWTH HIGH SCALE – HIGH GROWTH
GROWTH
Other Technical Subjects Marketing
Business Administration
Information Technology
Teaching Language
Education Cultural Education
GIP
LOW SCALE – LOW GROWTH HIGH SCALE – LOW GROWTH 2011
Engineering
Accounting Social Science
Art & Architecture
Communication &
Journalism Economics
Finance
Law
Nature & Life-science SCALE
Human Resources (Absolute realization of TNs)
44. Global Sub Product Focus-
(AI GIP responsible)
Marketing, IT, Teaching
Global Sub Product Development-
(AI VP Product Development)
Tourism, Engineering