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Analysis of The Vision and Mission of IUIC:: Iqra University Islamabad Marketing Plan
Analysis of The Vision and Mission of IUIC:: Iqra University Islamabad Marketing Plan
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Vision: outlines what the organization wants to be, or how it wants the world in
which it operates to be (an "idealized" view of the world). It is a long-term view
and concentrates on the future. It can be emotive and is a source of inspiration.
For example, a charity working with the poor might have a vision statement
which reads "A World without Poverty."
Values: Beliefs that are shared among the stakeholders of an organization. Values
drive an organization's culture and priorities and provide a framework in which
decisions are made. For example, "Knowledge and skills are the keys to success"
or "give man bread and feed him for a day, but teach him to farm and feed him for
life". These example values may set the priorities of self-sufficiency over shelter.
Core Values
Respect
Merit
Courtesy
Excellence
Equality
Honesty
Innovation
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Dedication
Develop Leadership
Promote Entrepreneurship
Promote Advanced Learning Methodology
Promote Training
Promote Lifelong Learning
Uphold Islamic Values
Promote Industry and University interaction
Mission and Vision statement of an organization present the stakeholders with the
direction to the future of the organization. A Mission Statement defines the organization's
purpose and primary objectives. Its prime function is internal which is taken out from the
SWOT analysis and the core competencies the firm has, which is the first phase of
strategic planning. IUIC Mission Statements insure the followings:
1. Provides clear yet limited but SMART goals for the future, by stating the core
purpose of the organization’s existence.
2. Provides policies under which the organization is willing to work in helping the
society of prosper and progress. As IUIC is in the educational industry, its values
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and norms strongly affect the society, therefore it is important to reflect as the
mission of the organization.
3. Provides the core area in which the organization has its strength. IUIC has being
ranked as one of the best research based university in Pakistan. The aspect of
research has been mentioned in the mission statement. The following have their
own forms of measures.
4. Provides future; goals which are achievable yet challenging. IUIC mission
statement requires its organization to be world-class, which is achievable,
challenging however, this require time and resources.
5. Provides the mission in just under 26 well selected words, which not only define
the direction in a memorable manner, but also ensures meaning.
On the other hand, the vision statement starts with what the organization believe, why
IUIC do what they do. The Vision Statement provides the purpose or cause on a level
higher than what the organization does.
Setting the objective should be done after the SWOT analysis has been performed. This
would allow achievable goals or objectives to be set for the organization.
2.1.1 Strengths:
Characteristics of the business, or project team that give it an advantage over others.
Weaknesses are characteristics that place the team at a disadvantage relative to others.
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2.1.3 Opportunities:
2.1.4 Threats:
Threats are external elements in the environment that could cause trouble for the business
or project.
2.2.1 Strengths
2.2.2 Weaknesses
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2.2.3 Opportunities
2.2.4 Threats
2.3.1 Introduction:
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2.3.2 Political
Political factors are how and to what degree a government intervenes in the
economy. Specifically, political factors include areas such as tax policy, labor
law, environmental law, trade restrictions, tariffs, and political stability. Political
factors may also include goods and services which the government wants to
provide or be provided (merit goods) and those that the government does not want
to be provided (demerit goods or merit bad). Furthermore, governments have
great influence on the health, education, and infrastructure of a nation.
2.3.3 Economic
Economic factors include economic growth, interest rates, exchange rates and the
inflation rate. These factors have major impacts on how businesses operate and
make decisions. For example, interest rates affect a firm's cost of capital and
therefore to what extent a business grows and expands. Exchange rates affect the
costs of exporting goods and the supply and price of imported goods in an
economy.
2.3.4 Social
Social factors include the cultural aspects and include health consciousness,
population growth rate, age distribution, career attitudes and emphasis on safety.
Trends in social factors affect the demand for a company's products and how that
company operates. For example, an aging population may imply a smaller and
less-willing workforce (thus increasing the cost of labor). Furthermore, companies
may change various management strategies to adapt to these social trends (such as
recruiting older workers).
2.3.5 Technological
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IQRA UNIVERSITY
2.4.1 Political:
2.4.2 Economic:
Due to economic crisis in the country, Iqra University being a privatized sole
properietorship has to bear the rising costs or electricity and fuel etc. With no
Govenrment affiliation or support, it has risen its fee and other products’ prices.
2.4.3 Social:
Iqra University has departments, responsible for social activities. Iqra has outdone
many institutes in its CSR (Corporate Social Responsibilty)
Their societies includes:
o Iqra Welfare and Scholarship Society (IWSS)
o Iqra Blood Donors Society (IBDS)
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2.4.4 Technological:
Iqra is using the most advanced technologies to facilitate their students and staff,
which includes:
o State of the art conputer labs
o Projectors or LCDs in every class for lectures
o Bright lighting indoors
o Central A/C and radiator
o Computerised attendance and other records
o Website (MIS) etc.
Target Marketing involves breaking a market into segments and then concentrating your
marketing efforts on one or a few key segments.
The beauty of target marketing is that it makes the promotion, pricing and distribution of
your products and/or services easier and more cost-effective. Target marketing provides a
focus to all of your marketing activities.
While market segmentation can be done in many ways, depending on how you want to
slice up the pie, three of the most common types are:
Traditional Freshmen
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Community College Transfer Students
Non-Traditional Students
Graduate Students
Diverse Student Body
1. First-time freshmen
2. Community college transfers
3. Graduate students
4. Non-traditional students
5. Diverse student body
In addition to the general marketing approach for the university, each of these groups
requires its own marketing approach, based on the following assumptions (to be used
flexibly):
“Diverse Student Body” is a broad category that includes minority students and students
from other countries. Our primary focus should be on minority students, who fall in all
the categories above. Our emphasis should be on showing that our campus values cultural
diversity and is responsive to the specific needs of its students. While we should continue
to be very receptive to international students, our support infrastructure is not solid
enough at this time to make this group a primary marketing target.
Traditional students are the most sought-after group of potential students. Over the past
few years, there has been a decline in the registration of traditional freshmen students due
to the competition from other higher education institutions. This is a difficult group to
engage, since many of them want to pursue a traditional college experience, which
includes living in student housing and getting away from home.
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Iqra University stands out from other universities by offering small class size and a
caring, involved faculty. While Iqra is not offering student housing at this time, it does
provide a beautiful, appealing campus atmosphere with some of the newest university. In
addition, Iqra offers a wide variety of academic programs.
While we have spent a great deal of time targeting first-time freshmen, we should
consider the benefits of targeting groups that typically do not receive the same amount of
marketing from higher education institutions.
Although five target populations have been chosen, there are associated groups, who have
great influence over these potential students that need to be marketed.
A marketing initiative needs to be developed to recruit not just the potential students, but
also these groups that are influencing factors in their decision to pursue a degree.
Listed below are some occupations projected to grow the fastest during the 1998-2014
time period that generally require bachelor's degree or higher.
Iqra University is basically a service industry, dedicated to provide quality education. For
that, Iqra University should adopt following strategies for market growth:
This chain establishes relationship between profitability, customers and employees. Iqra
University should follow this profit chain strategy which consists of five links:
Empower employees
Become “Customer obsessed”
Develop high service quality standards
Watch service performance closely
Being a market challenger and competing with other leading universities in the market,
Iqra University should follow the following competitive strategies to capture larger
market share and overtake its competitors.
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Iqra University should match its marketing mix i.e. product, advertising, price and
distribution with other leading universities. Cutting price vis-à-vis the opponent’s, with
equivalent quality education, can certainly work.
Iqra University should look for other universities’ weak spots to target. It can be directed
along two strategic dimensions:
1. Geographic
2. Segmental
First off, Iqra University should focus on areas where no other university has focused yet.
It should also spot the areas where other universities are underperforming. As Iqra had
opened campus in North Nazimabad, Karachi, it should geographically expand more.
Secondly, Iqra University should look what market needs are and develop strategies
accordingly. It should develop its management degrees as well as should introduce short
courses like NUML does.
Iqra University can also follow the encirclement strategy. It can launch a grand offence
on several fronts. Although this strategy requires superior recourses but once it works
out, it can capture a wide slice of enemy’s territory.
What Iqra can do is to open more campuses in the major cities with a wider range of
programs.
Iqra University can also use bypass attack strategy, by bypassing its competitors and
attacking easier markets to broaden its resource base. To use bypass strategy, Iqra
University can follow these three types of approaches:
1. Unrelated diversification.
2. Diversifying into new geographical markets.
3. Leapfrogging into new programs.
6.1.1 Website/E-recruiting
Scholarship Development
Enrollment Advisory Group
Internal Communication
Internal Marketing
Television and Radio
Media Relations
Visit Programs
Alumni
Community Involvement
While capacity should be a factor in certain cases, the choice of programs should not be
driven by considerations of excess or insufficient capacity. Some “prestige” programs
may not have the capacity to absorb more students, but they create a “halo effect” that
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makes the university as a whole attractive to prospective students. At the same time,
increased demand for a limited-capacity program would create the need to expand it.
6.1.5 Packaging:
Package online, evening and weekend courses as “the flexible curriculum” and promote it
to non-traditional and non-local students.
When it comes to learning about colleges and universities, the Student Poll showed that
web sites are among the most influential sources of information for students in rank
order:
Visit to University
Parents and other family
Current students
College admissions staff
College web site
Catalogs, viewbooks, Digital Library
Graduates of University
Friends
College guidebooks
Rankings
Guidance counselor or teacher
6.2 Slogan:
Billboards: Billboards on major areas of the major cities of the country will help
promoting IUIC. We can announce major events in the university such as the
Industrial Open House, which will be indirect marketing.
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Social Media: Through social media websites such as Facebook and twitter, we
will be able to reach the youth of Pakistan.
Website: Website would be a convenient way for our target market to know
details of the departments, courses, teachers and other information about
university.
7. Suggestions and
Recommendations:
7.1 Funding
In order to adequately address the five target populations and to strengthen the image of
the university, more funds must be allocated to marketing. Understanding that the
university is facing challenges during the next fiscal year, for the sake of the institution’s
future, marketing to prospective students is needed more than ever to stop the downward
enrollment trend.
Other public universities in close proximity to Iqra are spending substantially more
money on marketing and advertising. That assumption is based on the large amount of
radio, television and direct mail advertising that is in the marketplace from these
institutions. Iqra message is getting lost quickly in a flood of advertising from such
institutions as NUML, Bahria, Fast and others. While some of these institutions are not
direct competitors, nevertheless, potential students are choosing these schools instead of
Iqra.
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There must be a two-prong approach to marketing. Image building is the first step. This
will be done through the creation of television, radio and print ads. Several ads need to be
created to speak to each of the target populations. Some of the advertising should
showcase more of our most notable/successful alumni. They are the best proof IQRA has
of people achieving their goals through education. This campaign can be expanded to
include alumni with their favorite/most influential IQRA professor. This will help
potential students make the connection that one-on-one attention from faculty is an
important quality, and a unique attribute of IQRA.
The second prong of image building is promotion. Promotion includes all public relations
and media relations activities. The accomplishments of students and faculty must be
highlighted for the public. It is a strong statement about the quality of the institution.
Image building requires time. While IQRA is already thought of as a quality university,
this perception can be strengthened through promotional efforts that show the actions of
the campus community. The goal is to be a top consideration for students pursuing higher
education.
7.2 Website/E-recruiting
University web sites are a key factor in attracting students. Iqra nearly re-designed,
interactive web site that will serve potential and current students in a more professional
manner. The new site will have an updated application form, a financial aid calculator,
and an improved catalog component. Members of the University Relations staff will
monitor all aspects of the web site weekly.
The web site must also be promoted through an image campaign. Potential students and
their families should view the new IQRA web site as a useful resource, no matter which
college they choose to attend. By having positive experiences on the web site will help to
build good word-of-mouth references for IQRA.
With a strong web site presence, more emphasis can be placed on recruitment techniques
through the IQRA web site. One recommendation from is to hold online open houses for
students. Other considerations include e-mail alerts about campus events and establishing
a dialogue with admissions counselors and faculty. In the long run, a stronger web site
and e-recruitment plan can add up to substantial cost savings by eliminating the need for
printing and postage.
(Also comes up with a Yellow Pages on social websites etc)
While e-mail can help to save on printing and postage costs, it cannot be used alone,
especially in efforts to attract non-traditional and graduate students.
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Promotion of Academic Programs and Halo Programs
Each of the programs chosen for advertising was selected based on three factors: interest
from prospective students, growth potential and employment trends.
The programs identified for the promotion pool include:
Theatre
Honors Program
Music/Acting (Dramatic and Singing Clubs)
Communicating the marketing initiatives through the campus will be a major undertaking
and this can be done through a series of workshops, e-mails, and the formation of a
Marketing Representatives Group. This group would be made up of designees from each
unit on campus. The group would meet monthly to review marketing initiatives across
units, and to coordinate efforts. Each representative would report back to their unit on the
ongoing promotional efforts across the university.
Internal Marketing:
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Many of IQRA employees have children or are themselves considering going to school to
get a degree. We should offer a Faculty/Staff Family night with information on
admissions, tuition, and financial aid. Many IQRA faculty/staff members have children in
high school, but never receive information from us. This will help solve part of that
problem.
For faculty and staff members, marketing is part of routine everyday business. Marketing
is in the form of responding in helpful ways to phone calls or e-mails, assisting students
with problems or questions, and being involved in the community. A continued emphasis
must be placed on services to students at the institution. If a student or alum talks about
their experience at IQRA as positive, it is one of the most believable and affordable forms
of advertising.
Media Relations:
7.6 Media
IQRA needs to build a strong relationship with the media. Mounting a media strategy
campaign can help position the university as the ideal place to receive a liberal arts
education in Region. Through the proper use of the media, IQRA can receive free
advertising and promotion of positive campus events and the accomplishments of
students, faculty and staff.
In an effort to take advantage of media attention, IQRA should implement a media
strategy including:
7.7 Alumni:
In an effort to re-engage alumni, it is important to make them part of the public relations
activities at IQRA. Alumni should be used for recruitment at events or through phone-a-
thons as well as for mentoring programs and job shadowing opportunities. They can be
featured as success stories in publications or commercials. By using alumni as part of the
marketing effort, it will also have the side benefit of increased contributions for IQRA.
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The campus should continue to support and open the doors to such events as Destination
Imagination. During the annual Cultural Festivals, University Pavilion should be opened
as a resource for the community. An effort should be made to attract other academic and
community events to campus such as science fairs, competitions, health fairs, business
expos and others. By this gesture of goodwill to area organizations and businesses, it will
build positive momentum for IQRA.
Housing Facility:
By providing a housing facility at IQRA will also makes a big edge because most of the
students studying in IQRA came from other cities or rural areas and they are using a
external hostel facilities which are available near the campus so by providing this facility
will definitely increases the ratio of the students and ensures a good impact.
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