All posts by Tim Wolski

Experienced Marketing Leader at such great companies as Honeywell, PartyLite and Swarovski. Teaching marketing at Bryant University

2 minute favor

please help a student out by taking this survey

Family with love to give

I’d like to introduce my niece and nephew, Nicki and Garrett. They are individually wonderful and caring people. Together they are loving, fun and supportive.

Aren’t they cute? Both Garrett and Nikki are athletic, having played hockey together for most of their childhood. Nikki is a kindergarten teacher and would do anything for the children in her class.

They would love to adopt a baby and give it a loving and caring home. From their letter to the expectant mother they hope to meet, “As we write this we can only imagine how overwhelming, stressful and emotional this time is for you. Without even having a face or name to you we can honestly say you must be one the bravest, selfless and strongest women out there.”

There are over 100,000 children put up for adoption each year in the United States alone. That means that there are around 100,000 mothers and expectant mothers who want the best for their children but may not be in a place to provide that love, stability and support. If you are one of those expectant mothers and want to find a loving expectant family, please check out Nikki and Garrett’s website here:

https://babywa2020.wixsite.com/adoption

I know a lot of students and young professionals. I ask, even if you are not in need of a loving family, please share this link because someone you know may be in need.

5 minute favors

I’m a big fan of the 5 minute favors rule. Basically, if someone asks you for a favor that is only going to cost you five minutes of your time and doesn’t compromise your values, do it. It is sort of an automatic pay it forward policy.

Usually in business, this 5 minute favor involves some form of networking. “Hey, can you introduce me to so and so?” “Do you know the hiring manager at a company you used to work for?” etc. I’ve done many of these requests and will happily do many more.

Today, however, I’m asking you for a five minute favor. My Marketing Foundations class has created a ten question survey that will take about five minutes to complete (see link below). Will you please do me a five minute favor and take the survey?

Shopping Survey – thank you in advance.

One more favor, and this one will take less than five minutes. Please like and share so that we can get as many respondents for my class to analyze.

How to prepare your marketing department for the Coronavirus – start by not panicking……yet

I’m a big believer in procrastination when it comes to panicking. Why panic today and steal all the pleasure out of panicking tomorrow? The coronavirus appears to be a great opportunity to panic but just not yet. As I’m writing this, and I have to qualify that considering how quickly the market is dropping, clearly investors are panicking. The Dow is down approximately 5000 points (17%) off of recent highs…..and it is still dropping. The financial pundits are blaming somewhere between most of the drop and all of the drop on the coronavirus. I’m not entirely sure that the coronavirus should get all of the blame, considering that the stock market has been growing double digits cumulatively since 2009.

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The thing about the coronavirus is that we just don’t know how bad it could be. Right now, health officials are estimating the death rate of coronavirus is 3%, which is three times the rate of the flu. We don’t have enough information to know if the death rate will eventually be closer to flu levels of 1% or up to 20%. We don’t know if the virus will follow the flu seasonal pattern, which means it will largely disappear in the northern hemisphere in a month or two…..or not.

According to the CDC, there are only 15 confirmed cases in the US and only five states had any confirmed cases. Put in a glass is half full statement, there are 349,999,985 people in the US that do NOT have a confirmed case of coronavirus and there are 45 states that do NOT have any confirmed cases. Right now, the odds are with us.

Travel bans and restrictions have already been put into place and President Trump is considering adding more bans as more cases of coronavirus are being discovered around the world. The CDC is recommending people, businesses, organizations and schools plan for a significantly wider spread of the coronavirus. This means that fewer people will be traveling. More people are going to attempt to telecommute. My school has suggested professors consider how we will continue to educate even if live classes are discouraged.

What does this all mean to the marketer? It mean understanding your consumer and planning ahead for possible changes (good and bad), just like always. Consumers are starting to get nervous. I’ve heard of a number of people what are reconsidering their travel plans. Perhaps staying in the country for fear of a ban getting them stuck internationally. Some are avoiding trains, cruise ships and planes because they don’t want to risk exposure in such tight quarters.

Consider shifting your marketing efforts to (an ever greater degree) online. Be ready to shift even more of your efforts to online. If the coronavirus does not die down this spring, brick and mortar is going to be fairly empty. I also suggest that you pull as many campaigns towards the beginning of the year as possible. The risk of a recession this year has grown.

New semester – new assignments

Thank you to my foundations of marketing students for a great Fall 2019 semester. I’m still a new(ish) marketing professor and every class I learn so much more. Last semester was no exception. I’ve been able to finish all the grading, file away my (your) papers and really reflected on how to improve my classes for next semester.

Next semester, I’m teaching Foundations of Marketing again and, for the first time, Consumer Behavior. Both classes are really exciting for me. The Foundations of Marketing is exciting because this will be the third time I’m teaching the course. Each time, I feel a little more grounded in what material I want to cover and what exercises are meaningful. Consumer Behavior is very exciting to me because I am a huge fan of understanding the consumer. I personally feel that understanding the consumer is the most important aspect of successful marketing.

Now my appeal for help from the community. I’m looking for in-class exercises for both foundations of marketing and consumer behavior. I have a business that I think would be great exercise for them to evaluate and come up with suggestions. In addition, the Consumer Behavior class will do a purchase journal. Basically, I’ll ask them to track their purchases for a month and classify the type of purchase, the need it fulfills, etc. What else? Can anyone recommend other exercises, case studies, etc. that would be useful for a marketing class? Did you have any good experiences that I can borrow from?

Thank you in advance.