If there is one thing the less well-known schools where M.B.A. applications are holding up have in common, it is an ability to offer something different.

…

Melbourne Business School, one of the leading institutions in the Asia-Pacific region, has also seen its latest M.B.A. class grow. Dean Jenny George seems to share Antal-Mokos’ view that the secret may not be location, ranking or history but a unique underlying structural model. "We have the luxury of being what I’d term ‘quasi-independent,’" she says. "We have a strong link to our local university, but at the same time as a corporate body we have free rein to do what we think is best. That means we have the credibility to attract really good faculty but can hire people who don’t always fit the traditional, conventional picture of an academic. And that in turn means we can put together a learning experience that pulls in the very best students."

It’s a good article and I recommend you read it.

More about Symonds:

• SymondsGSB blog
• Matt Symonds on Wikipedia
• Matt Symonds on LinkedIn

Melbourne Business School (MBS) was founded in 1954 through the University of Melbourne, and its graduate degrees have been ranked in the Financial Times’ list of Top 100 Global MBAs since 2005. The school wanted to strategically align its brand positioning message, ‘Global. Business. Leaders.’, to every facet of its business. Its well intentioned but departmental approach to managing data on students (called ‘constituents’) hampered efforts to deliver services and develop relationships to a standard that was commensurate with its brand. In 2007 MBS began a comprehensive process of organisational change. It introduced a customer relationship management (CRM) system based on Microsoft Dynamics® CRM 4.0 and Microsoft® Office SharePoint® Server 2007. By introducing a common platform for data management and taking a life-cycle view of constituents, MBS improved communications with applicants, students, participants and alumni and projected a more professional image.

You can read or download the case study from the Microsoft Case Studies website.

I know this project well because I worked on it as a Content & Governance Consultant on the MBS Direct (i.e. web portal) side. It’s good to see that the project has been written up really nicely.

MBS’s CIO, Ric Lamont (who is quoted in the study) was one of my MBA classmates and a lot of credit goes to him and to Carl Joseph (Manager, Information Services) for pulling this off so succesfully.

(FYI: I read this case study when it was published last year but remembered today that I’d forgotten to link to it back then. If you’re wondering why I remembered it now that’s because it came up in my “melbourne business school” Google Alert this morning; presumably because its web page was tweaked or republished in a new format.)

Framework for Marketing Management

Gibbs called this the ‘Framework for Marketing Management’ and it’s an excellent summary of how marketing is done:

[Note: The diagram above is one that I made based on my notes from the course.]

It works like this:

• The marketing concept says you begin by looking at your customers, company, and competition – these are the three Cs. Let’s say your company makes pens:
  • Ask yourself what it is that your customers need. How can you satisfy that need? In real life a lot of research would go into answering questions like these. Then consider what your customers do to satisfy those needs. What factors contribute to their decision making process? Again, more research would be done.
  • Also look at your company. Can you make the pens your customers want? Do those types of pens fit with your company’s corporate objectives? For example, if you’re Montblanc, you won’t be making cheap plastic pens anytime soon even if some your customers say that’s what they want in a writing instrument.
  • Don’t forget to analyze your competition as well. How will your competitors respond to your product (say, when you introduce a new version)? Also ask yourself who else satisfies the needs of your customers. For example, should you be looking at companies that make markers and pencils as competition?
• Once you’ve done that, you segment your customers according to primary bases, such as their identified needs. For example, Group A wants cheap plastic ballpoint pens, Group B wants fancy liquid ink pens, and so on. You also segment by secondary bases, which are often things like demographics. You keep slicing and dicing using a combination of bases till you get useful segments; i.e. those you can target properly. For example, you could further segment Group B by age bracket and annual income.
• Next, you decide which specific segments you’re going to target (and why). For example, Montblanc may be targeting only, say, richer and older people from Group B. They know they can communicate well with these people, they can defend this segment from the competition, and ultimately that’s the area of the market they want their company to operate in.
• That sets you up with the positioning of your product. Getting your positioning right is incredibly important because it’s the key to your entire plan. So, for example, Montblanc may position themselves in the luxury space as a company that sells excellent writing instruments that have the highest level of craftsmanship. In effect, their pens are high-end gifts, much like hand-crafted jewellery. They would then position themselves appropriately in the luxury gift jewellery markets, but not in the broader writing instruments market.
• Once you’ve got your positioning done, you figure out how you’re going to to create, capture, communicate, and deliver value to your customer. This value is created by the existence of your product, captured by its price, communicated through your promotion, and delivered by where you place (or how you distribute) your product – these are the four Ps.
• Finally, as the market grows and develops, you will need to tweak these four Ps to maintain your positioning. Then, at regular intervals, you will need to re-do your three Cs because the market will change and you will need to change with it. Repeat ad infinitum…well, at least as long as your company continues to exist.

It All Comes Down to Positioning

As you may have gathered, a good way of remembering the entire marketing process is to think of the just the three Cs and four Ps. However, if you want to distil it further, you can bring it all down to positioning.

Positioning is a summary of the first part (analysis & strategy: the three Cs) and a guide for the second part (planning & implementation: the four Ps).

From the consumer behaviour point of view, it is also the psychological epicentre of the marketing process. That’s because positioning – with the help of the four Ps – is what translates the ‘actual product’ into the ‘perceived product’ within the consumer’s mind (they are often not the same).

So while a Montblanc pen is in essence just a writing instrument, in the mind of the consumer, it is much more than just that. And it is the pen’s positioning that will determine what qualities above its ability to put ink on paper set it apart from its competitors.

Thanks for Sharing, But What Was the Point?

This one-page overview of the marketing process is useful in many ways:

• It provides a great sanity check for what you’re doing in your job. For example, the Web & New Media Strategy that Melbourne Water developed over the last year followed pretty much this process. That strategy now forms the basis of my day-to-day work. So, if we hadn’t done the three Cs right, for example, I would have had a hard time getting the four Ps done properly.
• It’s a great way to analyze the marketing, branding, and product positioning that’s going on around you all the time.
• It brings good overall project management and business strategy rigour to whatever it is that you’re doing.

Oh, and if you’re a job seeker, it’s particularly useful because it provides a good framework for when you get asked questions about the company’s products or services.

What’s the No.1 principle of marketing, at least as far as we’re concerned?

It’s the principle of focus. You narrow the focus in order to own a word in the mind of the consumer.

Without a focus, it’s very difficult to build a strong brand. And without a strong brand, any company’s future is in doubt.

While "focus" should be the key ingredient in any marketing campaign, it’s not the whole story. So we developed an acronym called "FOCVS" which does sum up our key thoughts.

You can read the rest of ‘The Principles Of Marketing‘ on the Branding Strategy Insider blog.

For an overview of the actual marketing process, however, stay tuned for my next post.

[Source: ‘Resume / Infographics’ by Michael Anderson]

For more, read ‘16 Infographic Resumes, A Visual Trend’ by Randy Krum on the Cool Infographics blog.

I am very tempted to convert my own resume into this format. I wonder how long it’ll take and what software I can use to do it.

What Do I Do There?

My job title is ‘Websites Manager’ and that role sits in the External Affairs team which itself is part of the broader Communications & Community Relations group.

My tasks include:

• Managing all of Melbourne Water’s websites (i.e. the main site and various sub-sites)
• Developing and implementing a Web & New Media Strategy for organization (this includes getting the organization involved with social media)
• Helping knowledge specialists from across the business create and maintain their web content
• Proactively seeking content to place on the web (this includes content that site visitors want to see and content that we want site visitors to see)
• Liaising between our web solution provider and the rest of the business (including, sometimes our own internal IT department)
• Managing the Website Advisor (who focuses primarily on the online needs of the Waterways group)

More generally, my job involves three things:

• Tactical management: Managing web content and being the go-to guy for everything related to the web (and, increasingly, multimedia and social media).
• Strategic management: Finding out what our current online presence is, determining what we want that online presence to be over the coming years, and figuring out how we’re going to get there. This includes doing things like a complete site overhaul and pursuing new online models of stakeholder engagement (specifically, social media).
• People management: Overseeing work done by the Website Advisor and managing the web team’s relationship with the rest of the organization.

That’s a lot to do but I’m having an awesome time doing it. If it didn’t keep me so busy, I almost wouldn’t call it “work”.

What’s it Like to Work There?

It’s awesome. I love the people, I love the culture, and I love the commitment everyone has to their work, to Melbourne, and to the planet in general. It’s really great to work alongside people who are experts in their fields (many of them are geeks like me) and who love the work that they do.

I really appreciate the fact that the organization truly cares about, and cares for, its employees. And I love that we don’t have to leave our lives (and the rest of the world) at the doorstep when we step into the office.

I love the range of work that the organization does – everything from:

• sourcing and storing water,
• treating and providing water (to Melbourne’s private water retailers), and
• taking care of our rivers, creeks, wetlands, and (soon) coastline,
• to collecting, treating, and safely disposing of our sewerage.

Finally, I am impressed by the importance and emphasis the organization places on good communication and stakeholder engagement. Indeed, excellent stakeholder engagement is a core strategic objective for Melbourne Water. I am particularly empowered by this focus because so much of that communication and engagement is moving into the online space (including social media) and that’s specifically what I am responsible for (and really enjoy doing).

So, You Like it, Then?

Yes, very much so!

Microsoft and News Corp in Discussions to Remove Newspaper Content from Google

Yes, really. Rupert Murdoch’s crusade to blame Google for the failing newspaper business model continues today, as it emerges that News Corp has conducted talks with Microsoft about de-indexing the company’s sites from Google and (presumably) being paid to include them in Bing instead.

The concept makes sense only if you buy Murdoch’s claims that Google is “stealing” content rather than simply helping people find it.

A number of people have responded to Murdoch’s proposed (threatened?) business model but Arianna Huffington really hit the nail on the head in a talk she gave at a recent journalism conference in the US.

In responding to Murdoch and traditional media, she said:

In most industries, if your customers were leaving in droves, you would try to figure out what to do to get them back. Not in the media. They’d rather accuse aggregators of stealing their content.

[..]

Thinking that removing your content from Google will somehow keep it “exclusive” shows a fundamental lack of understanding of the web and how it works.

[..]

In his speech this morning, Rupert Murdoch confused aggregation with wholesale misappropriation. Wholesale misappropriation is against the law — and he has legal redress against that already. Aggregation, on the other hand, within the fair use exceptions to copyright law is part of the web’s DNA. Period.

She then went on to talk about what the future of journalism will (and is starting to) look like:

We hear lots and lots of talk these days about saving newspapers — Congressional anti-trust exemptions, perhaps? — but we mustn’t forget: the state of newspapers is not the same thing as the state of journalism. As much as I love newspapers — and fully expect them to survive — the future of journalism is not dependent on the future of newspapers.

Indeed, the future of journalism is to be found, at least partly, in the rapidly growing number of people who connect with the news in a whole new way.

News is no longer something we passively take in. We now engage with news, react to news and share news. It’s become something around which we gather, connect and converse. We all are part of the evolution of a story now — expanding it with comments and links to relevant information, adding facts and differing points of view.

In short, the news has become social. And it will become even more community-powered: stories will be collaboratively produced by editors and the community. And conversations, opinion, and reader reactions will be seamlessly integrated into the news experience.

It’s an excellent speech that’s well worth the read.

The latest of this is the excellent news that Acting Dean Professor Jennifer George has now been appointed Dean of MBS. Congratulations to her and I look forward to seeing what direction she steers MBS towards; particularly now that there’s no merger to think about. We should have exciting times ahead.

Not only that, the MBA has been ranked #17 in the world (up from #26 last year) and this puts it ahead of INSEAD in Asia and even Columbia and MIT Sloan in the US!

Good job, MBS!

The Internet trend of showing photos or video from the unpacking of a retail box of some desirable product, such as the latest laptop or portable music player. [Source: Urban Dictionary]

The post ‘An Unboxing You Won’t See on Gizmodo or Engadget‘ by Glyph Lefkowitz is the first time I’ve seen it done for a job offer…but I can totally see why you’d want to. It is, after all, a job offer from Apple.

Read Lefkowitz’s post to see what I mean :)