Integration of economic, Financial Management

Assignment Help:

a) Globalisation refers to the interdependence and integration of economic, social and politic issues (services, goods, people and capital), across the world. For example, consumers from different countries have increasingly similar tastes and habits. Hence, educational establishments such as universities no longer provide only for the domestic student.

b) Segmentation can allow the universities to have a better understanding of the various types of customers (students in this case) and hence help such organizations to create better (more cost-effective) marketing activities. Students might be segmented in diverse ways, such as:

• Age - e.g. mature students or college graduates

• Gender - e.g. female and male students might have varying interests and hobbies and this can help universities to plan their extra-curricular activities (thereby enhancing the experience of their customers).

• Ethnic background - e.g. background and culture. Many universities have societies and clubs to supply for people from different regions of the world. The product range in the university canteen could also be pretentious by the demographics of the students.

• Language - other forms of written marketing correspondence and Newsletters can also be translated into different languages to cater for students from overseas countries.

• Religion - e.g. Hong Kong Baptist University.

• Academic ability - Universities can use segmentation data to target the appropriate student for their courses and establishments. For example, Harvard and Cambridge will target their marketing at top (academic) schools across the world. Such universities are more likely to use focused marketing; other universities may use more conventional marketing techniques.

Overall, effectual segmentation can assist universities to develop more specific marketing strategies for their overseas customers and have opportunities to target a wider range of students.


Related Discussions:- Integration of economic

Guaranteed income supplement, In addition to the public pension plans, Rob ...

In addition to the public pension plans, Rob and Ellen also have RRSPs.  What options will they have when they retire if they want to draw money from their RRSPs?  Identify one str

Modern approach, Meaning merits nd demerits of modern approch of financial ...

Meaning merits nd demerits of modern approch of financial management

FINANCIAL RISK MGT, DQ #1: Discuss the challenges of VaR approaches in valu...

DQ #1: Discuss the challenges of VaR approaches in valuing risk. How does portfolio risk assessment differ from a single asset’s risk assessment? How do managers typically load ba

Sensitivity analysis, A division of Saron plc is considering introducing a ...

A division of Saron plc is considering introducing a new product.  The product is the result of work undertaken by the division's research and development department - the expendit

Preferred stock, Preferred Stock This is a category of capital stock th...

Preferred Stock This is a category of capital stock that will gives its holders preference  over common stockholders in the distribution  of earnings  or rights to the assets o

Define the constructive receipt, Q. Define the Constructive Receipt? Co...

Q. Define the Constructive Receipt? Constructive Receipt - A taxpayer is considered to have received income even though monies are not in hand, it may have been set aside or ot

Standard communication protocol used for the internet, Question: (a) W...

Question: (a) What is a computer virus? List and explain the different type of computer viruses? (b) List 4 steps which you can use to minimize the chances of being infec

Allocation head for revenue expenditure, Q. Allocation head for Revenue Exp...

Q. Allocation head for Revenue Expenditure? All revenue expenditure is recorded in revenue allocation registers by various heads of accounts classification, The expenditure on

Share price, what course a decrease and increase in share price

what course a decrease and increase in share price

Explain the advantagesand disadvantages of mbo, Explain the Advantagesand d...

Explain the Advantagesand disadvantages of MBO Advantages of MBO Disadvantages of MBO Sale can be arranged quickly   Manag

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd