Integrated Marketing Means All Four Ps
April 9, 2008 by Rob WesterveltEver feel like you’re being asked to operationalize a bad decision? Ever wonder why that happens? You probably already know why, but here is a way of putting your frustrations into words that might help explain your feelings to campus leaders.
I’ve talked a little on this blog about integrated marketing communications, which deals with the fourth P, “promotion,” particularly, brand marketing, direct marketing and customer relationship management. In higher ed, there’s a tendency for campus leaders to refer to IMC by the shorthand “integrated marketing.” Administrators who use this shorthand version like to say that their university’s marketing efforts are “fully integrated,” which usually isn’t case since IMC and integrated marketing are two different things. And this distinction is critical.
Integrated marketing takes all four Ps (product, price, place and promotion) into consideration when it comes to planning. Universities that use an integrated marketing approach allow marketing officers to exploit all four Ps, meaning that decisions about new programs, facilities, and delivery systems are made in light of marketplace considerations (e.g. competition, audience, geography, costs, etc.) rather than internal stakeholder interests. Put another way, IM is strategic and deals with the first three Ps, while IMC is primarily tactical and deals exclusively with the fourth P. If your school’s marketing department is not providing input on the first three Ps, you are not following an integrated marketing approach and that’s why you end up frustrated by the decisions that are being handed down to you. You’re in tactical mode and will be forced to operationalize poor decisions.
Those who follow an integrated marketing approach know that the most important P is product (curriculum and facilities). Those who follow an IMC approach only, know that they never get to give their input or inform leadership on the marketplace consideration involving this P. When marketers don’t have their say, customers usually get overlooked and universities pursue programs that are in the interests of internal stakeholders, like faculty. The result is a product with little or no demand that is underfunded because leaders didn’t include additional program costs like scholarships, staffing and promotional dollars.
