Professional Documents
Culture Documents
Opportunity Analysis For Mentor 1+: 7003MKT Marketing Foundations
Opportunity Analysis For Mentor 1+: 7003MKT Marketing Foundations
1
Introduction to the Company
Company Description and Problem Statement
Mentor 1+ provides assistance for international business students commencing their first
trimester of undergraduate or postgraduate studies at the Griffith University. The opportunity
gap relates to international students lacking academic skills required to achieve success at
university. Mentor 1+ strives to create a broad, high-quality mentoring program for academic
performance, – academic writing, assignment structuring and exam preparation.
A survey was conducted to find key issues regarding international student commencing
studies in Australian universities. The survey was responded by 124 international students
and primary findings represent a lack of academic skills and that students need more help,
more often. It was also identified that students tend to prefer free services over paid ones.
Therefore, the issues were taken into account with the aim of eliminating the overwhelming
adaptation to the foreign academic environment. Furthermore, the report outlines
2
comprehensive analysis on both macro and micro environment, followed by a SWOT
analysis and SMART goals in relation to the marketing initiative.
Company Analysis
Mentor 1+ was found in early 2019, by a former student who had several international friends
during her university degree. The founder realised that these students all struggled with
academic skills and often needed help. She then decided to create a tutoring business to solve
this problem of international students. After dedicated research and time investment, Mentor
1+ was created and as the name suggest, the service comprises a mentoring program based
around one on one sessions. The mentoring team comprises of 20 high skilled mentors with
deep knowledge of business and academic experience.
Market Situation
Market Overview
According to the Australian Trade and Investment Commission (2019), the Australian higher
education is comprised by 43 universities, where of 40 are national universities and the
remaining are either international- or specialised universities. The higher education industry
is economically important for Australia’s development and global competition. Figure 1
presents the OECD countries hosting 3.7 million international students in 2017, where
Australia with 7% tends to be the third most popular destination after the U.S. (18%) and the
U.K (8%), of the global total students of OECD countries (Department of Education 2019).
Therefore, it is crucial to further improve the higher education sector in Australia as this has
increased the dependence of international students (Williams 2019). In 2018, the amount of
international student enrolment in higher education was 398,563, which is an enormous
growth since 2008, when 202,58 enrolments were recorded as shown in figure 2 (Ferguson &
Sherrell 2019). Figure 3 shows the total amount of international student enrolments rose up to
3
880,380 in 2019 – including Higher Education, VET, ELICOS, Schools and Non-awards
sectors (Department of Education 2019).
4
Figure 2: International student enrolment of higher education from 2008-18.
Source: Ferguson & Sherrell 2019.
5
6
Macro Environment Analysis
PESTLE Analysis
Political Factor
Government funding (Commonwealth) Supporting higher education institutions with the Commonwealth Grant Scheme (CGS) and the
Higher Education Loan Program (HELP). The purpose is to support students and infrastructure,
increase equity, and improve teaching quality (Department of Education 2019; Ey 2017). However,
it is important to highlight that the ‘Demand Driven Model’ of unlimited student enrolment in 2010
lead to funding cutbacks of Commonwealth Supported Places (CSP). Therefore, Australian
Universities have been increasingly dependent on international students to make up the lost revenue
(Department of Education 2019).
Political instabilities between countries International relations play a large role when it comes to choosing Australia as the higher education
provider. Political instabilities might indirectly weaken the relationship and reputation of Australian
Universities and hence, political factors regulate the macro environment of the higher education
sector (Babones 2019).
For example, the Chinese government may increase the concern of studying in Australia and aims to
prefer its national higher education. This could potentially threaten the growth of Australian
Universities and its international student flow (Babones 2019).
1
Education 2025 has together conducted the first international education strategy of Australia. This strategy is focused
on enhancing the three pillars of strengthening the fundamentals, making transformative partnerships
and global competition. This was noted to have a positive effect on international students’ decision
to favour the Australian Higher Education (National Strategy for International Education 2025).
Economic Factor
Higher Education revenue The Higher Education as an industry has grown significantly and constitutes an important export
industry as international student fee revenue was $7.6 billion in 2016 and $9.3 billion in 2017. This
shows a great demand for international students pursuing a higher education degree in Australia, as
well as the economic importance of the industry (Norton & Cherastidtham 2018).
Australia’s overall economy The economic growth of Australia has been relatively weak during the past year, but the GDP is
expected to strengthen with a forecasted 2 ¾ % during 2019-2020. Which could attract international
students. It is also estimated that in 2020 the inflation will reach to 2% (Reserve Bank of Australia
2019).
Student loans and allowance International students receiving student loan, allowance or scholarships may motivate them to study
overseas and attract foreign direct investment (FDI). Many European countries such as Sweden offer
students grants and loan for higher education purposes (CSN 2019).
Exchange rates When the Australian dollar depreciates against a foreign currency, it requires less foreign currency to
buy the Australian dollars. Therefore, it is beneficial for international students if the dollar
depreciates against their currency as this has a huge impact on tuition fees and cost of living
(Reserve Bank of Australia 2019).
2
For example, 1€ =1.63$ / $1 = 0.61€ meaning that the Euro is currently stronger (appreciation) and
the Australian dollar is weaker (depreciation) (XE Currency Converter 2019). This naturally benefits
the European students aiming to study in Australia, however, exchange rates fluctuate and in some
cases disadvantages might occur.
Social Factor
Australia is well known of its multicultural population with millions of immigrants. The migrated
Multicultural country
individuals come from various cultural backgrounds and comprises a cohesive cross-cultural
environment. The country has high living standards, relatively steady economic growth and a solid
democratic institution which together attracts migration to Australia (Biddle, Khoo & Taylor 2015).
This could influence international student’s choice of destination.
Technological Factor
Internet The slow and unstable broadband is affecting the education sector. For example, University of
Victoria is being significantly affected by the weak broadband. Furthermore, a strong broadband is
essential for remote and online education, but currently there are limited capabilities for that
(Stilinovic 2017). This problem could possibly affect the higher education students and their study
progress and make them consider alternatives to Australia.
Online learning Online learning has grown in Australia and enables students to participate in higher education
through online courses. It is therefore a crucial factor for students who cannot attend on campus
lectures and tutorials. It has also been shown that online learning has been successful and that
universities can improve the courses since online learning is important data (Darlo Higher education
2018).
Legal Factor
Student visa Student visa subclass 500: allows international students up to 5 years of study in Australia with
restrictions. In 2018-19, 240,419 student visa applications were lodged for higher education and
3
216,724 applications got granted. The most popular citizens applying for this subclass were Chinese,
Indian, Nepalese, Vietnamese and Sri Lankan (Department of Home Affairs 2019).
Post study work visa Temporary graduate visa subclass 485 allows international students to apply for post study work
stream, which enables student to stay in the country to live, work and study in the country between 2
– 4 years (Department of Home Affairs 2019). This is a great opportunity for students to start their
career within the field of study.
Legislation Several laws are applied for protections of international students with student visa and are described
in following Acts:
Tertiary Education Quality and Standards Agency Act 2011. This Act outlines the requirement of
institutions meeting higher education standards described in the framework (Ferguson and Sherell
2019).
Education Services for Overseas Students Act 200 (including the National Code of Practice for
Providers of Education and Training to Overseas Students 2018). This Act protects international
students studying in any education sector in Australia (Ferguson & Sherrell 2019).
Environment Factor
Supporting the SDG (sustainable The rising concern of global sustainability has driven Australian Universities to practice some SDG
development goals) factors in order to support environmentally friendly programs and campuses, as well as balance
social equality. Universities have a significant influence on reaching SDG’s and are an educational
body representing the goals to students. Therefore, they are an important factor to create awareness
and introduce sustainability to international students (SDSN Australia, New Zealand & Pacific 2019;
Sustainable Development Goals 2019.
4
5
Micro Environment Analysis
Competitor Analysis
Mentor 1+ operates through Griffith University marketplace and therefore competes with
other academic support services. The competitors were in relation to five major competitors
identified as P.A.S.S, Library Consultations, Library Study Smart, Griffith Writing Mentors
and English Help (Griffith University 2019). Whereof three were identified as direct
competitors and the remaining as indirect competitors (Griffith University 2019).
1
Table 2: POS and POD of competitors
Library Consultations - Direct Assistance with academic writing, structuring and Available for all Griffith University students.
exam preparation. Assistance by a library specialist.
One to one consultation through phone, email,
online or face to face.
Library Study Smart - Indirect Assistance with preparation for assignments, Operated by the Griffith University library website as a
referencing and exam skills. resource base for students, including information through
online videos and information models.
Includes time management skills preparation.
Available for all Griffith University students.
Online only.
Students can access the Microsoft Virtual Academy for
online training purposes with aim of improving digital
skills.
1
Griffith Writing Mentors - Assistance with academic writing, referencing and Facilitated by high achieving students.
Direct structuring assignments. Drop in sessions between 11am-2pm Mondays-
Service provided at Nathan and Gold Coast campus. Thursdays. No booking required.
English Help - Indirect Available only for students with English as second Focus on English language learning and developing
language at Griffith University. academic English.
Offering One to one session. English Help also offers workshops in scientific writing,
academic grammar, vocabulary, language and
pronunciation skills for HDS students.
Undergraduate and postgraduate students limited to 45
min consultations. Those studying a higher degree
research are limited to 90 min.
All students can access Help Yourself resources to help
with essential grammar and academic skills.
2
Table 3: Competitive Market Summary
P.A.S.S For all students A highly Peer assisted Free. Through Direct S: Students can get help
seeking help recommended study Griffith website. marketing with a specific course
studying arts, student support sessions. Flyers and through the and topic that the peer
education, law, service offered to brochures. On- Griffith has achieved well in.
business, science improve and campus University
and health. develop academic advertising. website. It is available for all
skills and grades During lectures/ students at Griffith
of Griffith tutorials. University.
University Orientation
students. week. Word of W: Only specific courses
mouth. per faculty are available
and some students can be
disadvantaged from this.
3
W: Limited to writing
and research skills.
Competitor Target Market Positioning Product Pric Promotional Distribution Strength/Weakness
e
Library For all students A sophisticated Online Free. Through Direct S: Students can access
Study Smart who prefer online digital information information Griffith marketing this whenever they want,
information. resource bank for modules and University through the and from wherever they
all Griffith videos. website. Word Griffith want.
University of mouth. University
students. webpage. Continuous availability.
4
Writing need of assistance student support sessions with Griffith marketing deeper student to student
Mentors with academic service used by high- University through the communication, in
writing, Griffith University achieving website. During Griffith versus to traditional
referencing and Students. students. lecture/ tutorial. University student and professional
structuring Word of mouth. webpage. communication.
assignments.
W: Lack of
professionalism.
5
Consumer Analysis
The consumer analysis was conducted through the survey created by Mentor 1+ and the
following section analyses the consumer behaviour by psychographics in relation to the
survey:
1
Collaborator Analysis
The Griffith University is ranked in the top 2% globally (Griffith University 2019) and scores
a ranking of 329th top university globally according to Collier (2019), and University
Rankings (2019). Although, the University has a tremendous reputation, it remains dependent
on international students to make up a large number of the student population. Mentor 1+
provides a high-quality service and could support the international student flow to Griffith
University. In addition, Mentor 1+ needs the University to financially support the start-up
business and to expand its customer base. This being so, both parties benefit from other and
can achieve a mutually beneficial outcome.
SWOT Analysis
A SWOT analysis was conducted to outline the internal and external components influencing
Mentor 1+ operations in the higher education market.
Strengths:
Creating a high trust student-mentor relationship to enhance a more personal
experience for the student undertaking the service.
The service can be provided flexibly through face to face and/or online whenever
needed between business hours (8am-5pm).
A wide staffing resource base with comprehensive mentoring skills and experience.
Weaknesses
Mentor 1+ has not created a strong reputation at Griffith University due to being a
start-up business, launching in 2020.
2
Heavy dependence on Griffith University which could disadvantage Mentor 1+
operations (not investing in resources, and any cutbacks affecting student support
services).
Opportunities
The growing number of international students in Australia as seen in figure 1 and 2,
combined with the National Education Strategy 2025. Enhancing the higher education
sector of Australia (National Strategy for International Education 2025; Ferguson &
Sherrell 2019; Department of Education 2019).
Threats
The strong competitors competing in the market. International students might prefer
the already established student services with stronger reputation (Griffith University
2019).
The political instabilities between Australia and China. As Chinese students are one
of the largest student bases in Australia (Babones 2019)
Weekly 2-hour face to face consultation times with additional online consultation if
needed.
3
One on one sessions with a designated mentor for each student. The mentors are
former university students with exceptional experience in the business field combined
with strong academic background.
Flexible location choice for the face to face sessions - focusing on creating a casual
environment for the student (E.g. cafés, restaurants, tutorial rooms or a shared study
area in the Libraries).
Assistance for academic writing, assignment structuring, exam preparation and tips.
Guidance on how to use the Griffith University student tools (e.g. reference guide).
The primary value of Mentor 1+ service aims to improve international students’ academic
excellence. Students would build strong interpersonal communication skills, improve
academic performance, enhance confidence on assignments and exams, and improve studying
strategies. Students who choose Mentor 1+ would benefit of having one designated mentor
who possess exceptional experience and passion for mentoring, which improves the greater
learning experience of the student.
As mentioned before, Mentor 1+ collaborates with Griffith University but is also funded by
the University. The cost of the service indicates as approximately $18,000 AUD per annum
for all three trimesters, meaning each trimester would cost $6000 AUD for Griffith
University. Which is a feasible cost considering how the service could lead to an increase in
international student application.
On the basis of the research and findings. Mentor 1+ has develop the following SMART goal
to be reached by trimester 1 of 2021:
For 100 Griffith international students to achieve a GPA of 5 and above within the
next 12 months at Nathan and Gold Coast campus.
4
Reference list
Australian Trade and Investment Commission 2019, Universities and Higher Education,
viewed 30 November 2019,
<https://www.studyinaustralia.gov.au/English/Australian-Education/Universities-Higher-
Education/universities-and-higher-education>
Babones, S 2019, The Centre for Independent Studies: The China Student Boom and the Risk
It Poses to Australian Universities, viewed 30 November 2019,
<https://www.cis.org.au/app/uploads/2019/08/ap5.pdf?>
Biddle, N, Khoo, SE & Taylor, J 2015, ‘Indigenous Australia, White Australia, Multicultural
Australia: The Demography of Race and Ethnicity in Australia’, The International Handbook
of the Demography of Race and Ethnicity, vol. 4, pp. 599 – 622.
Darlo Higher Education 2018, Higher Education in Australia Trends for 2018, viewed 1
December 2019,
<https://darlohighereducation.com/news/higher-education-in-australia/>
Department of Education 2019, The global context of tertiary student mobility, viewed 30
November 2019,
<https://internationaleducation.gov.au/research/Research-Snapshots/Documents/RS_Global
%20context.pdf>
Department of Home Affairs 2019, Student visa and Temporary Graduate visa program
report, viewed 30 November 2019,
<https://www.homeaffairs.gov.au/research-and-stats/files/student-temporary-grad-program-
report-june-2019.pdf>
EDUCBA 2019, What’s better than a Direct Marketing or Indirect Marketing, viewed 4
December 2019,
<https://www.educba.com/direct-marketing-vs-indirect-marketing/>
Ey, C 2017, Higher education reform, Parliament of Australia, viewed 30 November 2019,
<https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Libr
ary/pubs/rp/BudgetReview201718/HigherEducationReform>
5
Ferguson, H & Sherrell, H 2019, Overseas students in Australian higher education: a quick
guide, Parliament of Australia, Viewed 30 November 2019,
https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Librar
y/pubs/rp/rp1819/Quick_Guides/OverseasStudents#_ftn1
Norton, A & Cherastidtham, I 2018, ‘Mapping Australian higher education 2018’, Grattan
Institute Report, viewed 30 November 2019,
<https://grattan.edu.au/wp-content/uploads/2018/09/907-Mapping-Australian-higher-
education-2018.pdf>
Reserve Bank of Australia 2019, Exchange Rates and the Australian Economy, viewed 30
November 2019,
<https://www.rba.gov.au/education/resources/explainers/exchange-rates-and-the-australian-
economy.html>
Reserve Bank of Australia 2019, Statement on Monetary Policy – Economic Outlook, viewed
30 November 2019,
<https://www.rba.gov.au/publications/smp/2019/may/economic-outlook.html>
SDSN Australia, New Zealand & Pacific 2019, The University Commitments to the SDGs:
Overview, viewed 10 December 2019,
<http://ap-unsdsn.org/regional-initiatives/universities-sdgs/university-commitment-
overview/>
Stilinovic, M 2017, How Did Australia End Up With Such Ridiculously Slow Internet’,
Forbes, viewed 1 December 2019,
<https://www.forbes.com/sites/millystilinovic/2017/02/14/how-australias-ridiculously-slow-
internet-speeds-are-harming-its-residents/#345b65a3fc06>
Sustainable Development Goals 2019, Helping governments and stakeholders make the
SDGs a reality, viewed 10 December 2019,
<https://sustainabledevelopment.un.org/>