Pros of Missing Class and Attending Case Competitions
Pros of Missing Class and Attending Case Competitions
By
Hari Sankar S
B19018, BM-A
2. What implications does this have for Marketing Strategy especially with respect to
new product introduction?
In this case, assuming that Prof Rajkumar is a good professor, his brand image is exceptional.
The consumers are the students, market place is the classroom, service/ product being
delivered is Marketing Management-II. The product is the case competition.
As students are aiming for the cash prize, CV point as well as a PPI, the new product lures
them towards it. What consumers (students) don’t understand is the fact that only a small
percentage of them will actually get the coveted prize, whereas, by attending a class, all
students are at the same level and it is a level playing field. The value that a student receives
from a classroom interaction is much more than the one being offered by the new product.
Consumers should also look at the long-term prospective of each product. The product being
offered by Prof Rajkumar is something which will always remain in the back of our heads,
whereas case study competitions will just serve the purpose of a photo in a frame. Hence, it is
important that the students choose the ideal option by looking at the short term and long term
goals.