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INTRODUCTION :
A man without education is almost like a ship without a rudder.
In the recent years, the educational market has become more dynamic and
complex. There are many market forces that are trying to shape the educational
environment. The competition between universities & institutes are increasing.
Students and the parents are aware that the cost of education has been on the rise
irrespective of mushroom growth of educational institutions. Already there is
cutthroat Competition among various private educational institutions.
In order to survive and to achieve a sustainable competitive advantage,
educational institutions, particularly the institutions offering professional course
like LLB , LLM, BCA, MCA, MBA, BBA, B.Ed. & M.Ed. etc. are not lagging
behind. They have also adopted practicing marketing their products and services.
In this industry, the students are consumers, teachers are service providers, and the
institutions or companies catering to education services are organizers, and the
teaching-learning process is no longer for the building of a nation but a business
for profit-making.
Choosing a study program and a College is a difficult and very important
decision that many young people must make each year. Students have to take into
account many things when choosing a college .Many factors can influence a
students decision, including proximity to home, majors offered, costs, financial aid
or scholarships offered, selectivity, environment, and parental influence, coaches,
religious figures, or any role models in a students life. Each factor carries a
different priority for students in making their college choice. Additionally, students
use a variety of sources to find out information about each institution that is of
interest to them. High school counselors, admissions counselors, college brochures,
institutional websites, other internet-based resources, friends, parents, and other
family members can all influence the choice.
However, the choice they make is particularly relevant not only to them
personally, but also to the colleges competing to attract prospective students to
their institutions. Therefore, insights into the decision-making process, including
the main factors influencing the choice of a college and a study program, are
important. More knowledge about these factors will help the colleges admission
and marketing departments.
OBJECTIVES OF THE STUDY:
1. To study the Marketing mix Strategies of various commerce colleges in Jamnagar.
2. To determine the Impact of Marketing Mix on Students Choice of College.
3. To Find out the factors that influence the students choice of college.
4. To obtain the best possible suggestion in order to improve the Marketing mix
Strategies of commerce colleges.
RESEARCH METHODOLOGY
The present study is based on Descriptive survey method. Survey method permits
the to come in direct contact with the people, who is the part of to study. The study
used primary data collected through the questionnaire from 200 students of
Jamnagar and secondary data of colleges marketing strategy are collected through
their broachers , books, articles, newspapers, websites etc.
LITERATURE REVIEW :
In this research paper the whole study is conducted based on the elements of
service marketing mix namely, product, price, place, promotion , people, process,
and physical evidence. The whole research proves that how marketing mix
essential for the educational institutes in this highly competitive academic
environment. Marketing mix is essential to attract best students and help to retain
them by delivering the service they want. The study was specifically done on 10
self financing B.ed & Management professional institutions of in Haryana.
The study confirms that the choice of students of both management and
educational colleges have influenced by the marketing mix adopting by the
colleges on their enrolment. It also proves that the marketing mix strategy adopted
by the institute was fulfill all their expectation regarding the education service, so
that there is no significant difference between perception of students regarding the
marketing mix of institution. This research paper also gives suggestion regarding
the future research in the same filed , like the whole study can be conducted in the
different state of country, or can compare the marketing mix strategy of the
metropolitan citys institution with small citys institution to measuring the
perception of students on other subjects.
The aim of this study is to obtain the influence of marketing mix towards students
decision making for selecting higher education institution.. Higher education in
Indonesia experienced massive changes in policy, governance, structure and status.
These changes have an effect on the operation of higher education institutions and
seen as the driving forces for intense competition in this industry. Considering all
changes that higher education institutions faced with, it is realized that institutions
will have to become more marketing oriented. The whole study conducted on the
300 students of Widyatma University.
The study confirms the relationship between marketing mix adopted by the
institute and students decision regarding the choice of institute. The higher
education institute have to formulate their marketing strategy according to the
requirement of customers(students), needs, wants and goals and for that purpose
the institute have in-depth knowledge regarding the students priorities in terms of
Infrastructural facility, academic performance, best faculty etc.
The whole research is carried out on Czech Republic. The research paper focus on
forms and activities of marketing communication used by university towards their
prospective students. The research is carried out with the help of interview with
the 581 students from 15 colleges. The study reveals that marketing
communication with prospective students should take place through various
method like road show, education fair, advertising, conference, guidance seminar
etc.
The study results indicate that social networks (Face book, Twitter) and other
applications (such as YouTube) promise a huge potential of the communication
between the universities and its potential students that has yet to be used to the full.
Another area that should be taken into account is direct communication with
prospective students, which should be strengthened, in other words, prospective
students should be met in person. New creative forms of marketing
communications also bring considerable benefits Night of the Scientists,
university promotion tent at large music festivals, various knowledge contests for
prospective students, etc., which may highlight the efforts of a university.
The study reveals the fact the majority of student choice is influenced by the,
placement activities done by the institute, computer lab facility, suggestion from
friends and family, career goal of the students, positive word of mouth, experience
of the faculty, guidance from the counselor, specialization offered and course
provided by the institute, brand name of the institute & geographic location are
mostly considered by students. It is beneficial for the MBA college in Gujarat to
focus their attention towards needs & Wants to survive and success in this tough
competing environment.
The study was conducted in Forman Christian College at Lahore, Pakistan. The
prime objective of the study was to identifying those factors which are influencing
students choice of university. The whole study based on primary data collection
through the interviews of candidate who are already enrolled in management
course. The response of students is very versatile like one of the student feel lucky
that he got the admission at that reputed university. Other student said that it will
leads to development of capabilities and abilities.
The study confirms that majority of students of Pakistan is career oriented. The
research paper also proves that except any other tools of promotion, word of mouth
is much influence the choice. Student prefers to trust the word of mouth publicity
for selecting the particular institute. They got information from family members,
relatives , friends etc. some of students prefers that now a day the institute does
not having need of market communication. The name of faculty, magazines, and
newspaper can do the marketing communication for institute.
The study was conducted in INTI International college, Penang, Malaysia. Due to
private higher educational institutions and private colleges are facing a intense
competition due to the emergence of new colleges and private universities and
there is a great need to upgrade education services continuously to meet the
demands of the market. This study examines decision criteria or factors
influencing students choice of a private college and co-relationship among factors
influencing the choice of their private college. The study was done on 500 students
of eight different private college of Penang to identify the factors that most affect
the students choice to study in private college, the factors which are most
influencing the students choice were divided into five major parts which include
Cost of Education, Physical Aspect and Facilities, Content and Structure of
Education, Value of Education and Opinion of Family and Friends. Form the above
research the researcher can identify that now a Days Malaysian students would
consider quality of both the academic staff and tertiary education as important
factors together with the ensuing career opportunities
2. Price : The second element of the marketing mix is price. It has a lot of
impact on the service buyers satisfaction level. What is important to note that
services being all the more intangible, the price become an important factor for
the actual service consumption to happen, after service awareness and service
acknowledgement? The price element, in general, is related to tuition fees
offered, and any monetary related issues It includes admission and term fees
structure, fee concessions and exemptions, college affiliation fee, exam fees,
etc.
3. Place : The location where the product or service is available to the customer,
including distribution channels. This element refers to the system of delivery
and channels of service distribution. The place means the location of the
institution that includes the accessibility, atmosphere and facilities. Institutions
should also give attention to the physical facilities, including the quality of the
design, signage and functionality. The physical buildings and surroundings
convey a message to visitors, students and employees about the institutions.
One of the strategies used is to target a certain customer segment by one of the
various service delivery styles: for example, distance learning, part-time
evening or weekend courses.
5. People : people are crucial in service deliveries. Intensive training for your
human resources on how to handle customers and how to deal with
contingencies, is crucial for your success. People refers to all the teaching and
administrative staff through which the service is delivered, and customer
relations built. People also include the institutions current and former students.
This is because prospective students tend to ask about, and check with current
and former students on their views.
Jamnagar is a royal city with deeply rooted traditions. Jamnagar District is famous
for its brass products, Bandhani tie and dye fabric, and handicrafts. It is also the
worlds largest oil refinery of Reliance Petrochemicals. Jamnagar has Indias first
Marine National Park People of Saurashtra are deeply conservative as a rule and
old traditions as well as values still prevail. However, winds of change are blowing
across India and lifestyles are undergoing a transformation. You can see modernity
overlay deeply embedded traditional values in the people of Jamnagar. The city has
a population of over 600000 with a literacy rate of over 83%. High literacy rate
shows the development which is going on education field in Jamnagar.