Need for Branding Higher Education
You would agree that the
self financing universities & technical education institutes, both private
& public, in India are going through consolidation phase post a rapid
mushroom growth. Due to slowdown of economy, intense competition & regulatory
bottlenecks many higher education players are facing serious challenges.
Continuous decline in student intake numbers & rising costs require
immediate solutions for the long term survival of this critical sector of
economy.
Though corporatization
of education in India has yet not been allowed but many major education brands
are using commercial marketing principles, concepts & tools to attract
students & other stake holders to them. But most institutes are unable to
benefit from strategic marketing due to absence of a full time marketing
director to take care of this critical function. The regulatory bodies of
higher & professional education, UGC, AICTE, MCI etc, not only discourage
use of marketing but also don’t make it mandatory for all self financing
institutes to employ a professional marketing manager on the campus. How can an
education enterprise succeed without proper marketing in the times when
religion to politics use marketing to further their cause?
Every self financing
education enterprise must either have an in-house marketing team or outsource
the critical task to some outside professional agency. To fill this very gap,
AnahadMC offer services to assist your management in creating &
implementing of a customized marketing strategy.
Major challenge facing
this sector is lack of branding. Despite existence of private players in
education sector at all levels for a considerable long period in India not many
private institute have been able to create brand equity higher than that of
public sector autonomous institutes. The problem of branding in not peculiar to
education sector alone, it’s pervasive in other commercial & not for profit
enterprises as well. The mother of all questions is how to create a brand in
the education sector? Let us admit that the advertising is not the chief
vehicle for marketing in all the marketing scenarios.
It’s well accepted that unless an institute presents itself as a
brand to the students it may have to struggle a lot to be the first preference for the brand conscious youth of 21st century India.
Branding exercise is a critical factor in success or failure of institutes with
full & partial enrolment record as market forces continue to change the
game each year.
Some characteristics
that determine the brand equity of an education enterprise:
1. Years in operation
2. Size of campus
3. Placements
4. Affiliations
5 International
relations
6. Faculty quality
7. Number of courses
8. Affiliations
If you want to go beyond the
generic factors to create a differentiated brand for your enterprise that fits seamlesly to the target please drop us an
email at anahadmc@gmail.com and we would get back to you within one working day. Let's make India an education powerhouse.
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