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The Taylor Institute for Direct Marketing:
Inspiring the Next Generation of Industry Leaders
By
Steve Brubaker
September 2008
If you were ask a roomful of
direct marketing experts how many of them have a degree in direct marketing,
what do you think the answer would be? A good guess would be not many. That's
staggering considering these statistics from the Direct Marketing Association
(DMA):
-
Direct marketing accounted for
10.2 percent of total U.S. GDP in 2007, and marketers spent $173.2 billion
on direct marketing in the U.S. alone, which generated $2.025 trillion in
incremental sales.
-
Direct marketing is also a
substantial employer, with 1.6 million direct marketing employees today in
the U.S. alone, directly supporting another 8.9 million jobs.
So what gives? Well, for
starters, at last count only forty-two out of the 4,100 U.S. colleges and
universities reported offering a direct marketing program with at least 50
percent or more of the course content focused on direct marketing. None of the
schools reported requiring hands-on experience with direct or interactive
marketing companies.
Since Lester Wunderman first
coined the term "direct marketing" over forty years ago, learning the profession
has pretty much been done through on-the-job training, trial and error, and
seminars.
Knowing how academically
underserved the profession was, Gary Taylor, founder and chairman of InfoCision
Management Corporation (the second largest privately held teleservices company),
thought it was time to elevate the profession. With a donation of $3.5 million
from Gary and his wife Karen, the University of Akron College of Business
Administration launched the Taylor Institute for Direct Marketing in the fall of
2004.
"The sad truth is that previously
the only alternative for developing young direct marketing professionals was to
hire them with no exposure to our great industry. As a proud alumnus, I wanted
to help the school in its mission to prepare competent and responsible business
leaders by providing the finest education in direct marketing," commented
Taylor.
Located on the campus of the
University of Akron in Akron, Ohio, the Taylor Institute for Direct Marketing
offers the only fully accredited four-year degree in direct marketing, and it is
the most sophisticated direct marketing educational program anywhere in the
world. Created to provide students entering the field with valuable skills, the
Taylor Institute offers a variety of major and minor programs of study covering
all facets of direct marketing. The classes balance theory with practicum, so
students get the hands-on experience they require to be successful.
Featuring interactive
environments for students, the Taylor Institute houses laboratories in
telecommunications, TV infomercials, direct response, eMarketing, and marketing
analytics (such as the data analytics laboratory, the focus group room, and the
eUsability laboratory). The Taylor Institute is able to provide students with
leading-edge skills and practical experiences.
"Direct marketing is the most
focused of all mass media communications and is significantly more highly
targeted today than ever before. And, like direct marketing, our teaching
cannot be stagnant. We will continue to modify our approach to best meet the
needs of our students and the changing direct marketing landscape," said Dr.
Dale Lewison, director of the Taylor Institute for Direct Marketing.
This unique learning experience
allows students to gain practical, hands-on experience in all components of
direct marketing, such as project ideation, analytics, creative, and campaign
evaluation. Using state-of-the-art laboratories and tools, they manage and
develop marketing-based print, Web, broadcast, and other media products and
campaigns for actual clients in a real-world, professional environment. Upon
graduation, students from the Taylor Institute can expect to be employed in
direct marketing and marketing departments for large and small firms,
advertising agencies, Web-development firms, and especially in their own
entrepreneurial businesses.
Scheduled to launch January 2009,
the Taylor Institute will offer a unique MBA program with a
concentration in direct marketing. The program follows a traditional MBA
structure with foundational and functional areas of study from each of the
business disciplines, plus a specialty concentration in Integrated Direct
Marketing. The Integrated Direct Marketing concentration blends database,
strategic, relationship, creative, and integrated marketing into a well-balanced
arrangement that illustrates how effective direct marketing can be achieved.
More specifically, the required courses consist of Database Marketing, Strategic
Marketing Management, Customer Relationship Management, Integrative Marketing
Communications, and E-Business Marketing Strategies and Tactics.
The Taylor Institute has also
become a hub for professional meetings and seminars. For the third year in a
row, the Taylor Institute has hosted the Great Lakes Direct Marketing Day's
conference, Interaction. This one-day conference features speakers with
expertise in direct marketing, including multichannel marketing, creative
marketing, marketing analytics, and ethics. During the conference, the Taylor
Institute honors a direct marketing colleague with its Direct Marketer of the
Year Award, which recognizes an individual who has made a significant and
continuous contribution to the field of direct marketing. Honorees include John
Costello, Lester Wunderman, and most recently, Jeffrey Hayzlett, chief business
development officer and vice president of Eastman Kodak Company.
Never has the old adage
"providing the right customer with the right product, at the right time, for the
right price" been as true as it is today. Marketing is going through turbulent
times, as the old tried and true methods of reaching consumers fall short,
forcing marketers to change fast or close up shop.
Technology and consumer power
have forever changed how marketers connect with their customers. As consumers
increasingly embrace the growing variety of communication channels, direct
marketing is poised to become even more sophisticated - while spending on
eMarketing, mobile marketing, social media, and word-of-mouth or viral marketing
continues to grow.
Consumers now control the game,
and what better resource for an evolving industry than the Taylor Institute for
Direct Marketing - the only one of its kind dedicated to the profession.
Steve Brubaker is the senior vice president of corporate affairs for InfoCision
Management Corporation.
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