' Marketing Strategy: Corporate Training House CTH
' Marketing Strategy: Corporate Training House CTH
Marketing Strategy
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CTH was established two years back to impart training to the managers working in the corporate world through two types of trainings; 1- Company specific- Developing modules of training considering specific needs of a particular client company. 2- Open House Programs- Individual participants are invited to attend a program or a training workshop and as per norm almost 100% participants are nominated by the HR managers/department and fee paid by the organizations. Mostly Structure of the Organizations nominating the participants is; CEO / GM
Production Manager
Finance Manager
Marketing Manager
HR Manager
Since CTH has been a training provider and lot of pep talk had become a culture of the organization. Jargons like down delegation, empowering employees, open communication channels, ownership of tasks by employees, enabling teams, team experts, accept responsibility, no blame game etc were frequently used. But, to decide as what to do, the authority was with the CEO.
GMCE a high profile three day program was designed for CEOs / GMs by a renowned trainer of the country and was launched in 2004. Expected participants were 10 however 9 actually attended the training course. The participants were from Lahore based companies including Packages Ltd, The Bank of Punjab, Syngenta, PEL, Medipharm etc. Working viability is annexed A. It was a big success for a newly formed organizations. The feed back from the participants suggested that the duration of 3 days may be increased to improve the usefulness / learnings of the program. In the referred meeting of October 2005, the workshop was cancelled due to lack of response since only 3 participants got registered. The review of the marketing efforts undertaken for the launch of GMCE was as under: a) An advertisement of 1/6 page in the daily Dawn costing Rs.96,000/- was published four weeks prior to the scheduled dates. b) 1,000 flyers were sent to HR mangers of different organizations. More than 700 out of 1000 were dispatched to Karachi based companies and rest in Lahore/ Islamabad c) Duration of the training program was increased from 3 to 5 days d) Price / investment changed from Rs.30,000/- to Rs.75,000/- par participant for 5 day program e) Rausing Executive Development Center of LUMS had also conducted a similar training program for the same segment with 35 participants at a price of Rs.150, 000/- per participant for a 12 day program. LUMS provided residential facilities at their Rausing Center to the participants who came from out of Lahore at a nominal cost. f) The CTH team suggested that strategic level marketing decisions are required to redesign the marketing strategy to make this high level training workshop a success. Pricing was suggested to be reduced, but the CEO convinced them that when the participants can pay 150,000/- for the training at LUMS Rausing Center why they will not pay half the price to CTH. After the failure of the training program in October 2005, the same program was relaunched in March 2006 with features like; a) Duration 5 days b) Price Rs.75,000/- for 5 day workshop c) Flyers sent to 1000 HR Mangers. 700 to Karachi and 300 to Lahore/ Islamabad based companies d) Venue: Avari Hotel Lahore e) Advertisement in daily Dawn and Business Recorder
This time workshop attracted only 2 registrations. Again a meeting was called by CEO who sarcastically thanked the marketing team comprising Business Development Manager, Head Open Enrolment Programs and a new Account Relationship executive for helping the CEO being a co-trainer opportunity to relax for 5 days since the workshop was again cancelled. The marketing team BDM, Head HOPE and his assistant walked out of the room thinking that how best they could walk out of the organization.
Best of Luck