Advances In Management Vol. 10 (6) June (2017) Claims of Global B-Schools - A Stethoscopic Study Dulababu T. Alliance School of Business, Alliance University, Chikkahagade Cross, Chandapura, Anekal Main Road, Anekal, Bengaluru - 562 106, Karnataka, INDIA [email protected] 4. ‘We develop leaders, who develop people, who develop business’of Insead Business School of Paris. The B-School claims that it develops leaders who in turn develop people and businesses. Abstract A slogan, a group of words is used to create an effective message. It is also called as punch line. It is an important part of advertisement. Slogans are usually made in short but in rhyme so that the readers or audience can recall easily and quickly. Further most of the slogans carry a message to make customers understand and feel the benefit which is called key factor. 5. ‘America's first business university’of Bentley University in Massachusetts, Business School of Boston. Through this claim, Bentley University positions that it is the first Business University in America. 6. ‘Shaping global leaders for tomorrow’ of IMI, International Management Institute, New Delhi. This BSchool claims that it imparts global leadership skills required for future period of time. This research paper is aimed to determine the most likely (optimum) size of the slogans, significance of rhyme factor in designing a slogan and the most desirable content (key benefit) to deliver through the slogans. 7. ‘Real world, Real learning;A new school of thought;Your intelligent option’ of IMD Business School, Switzerland. The B-School has used multiple but related captions and on the whole claims that the learning will be real and with real world situations to yield for new thoughts and finally acclaims that whoever is intelligent will opt the B-School for studies. Keywords: Slogans, Rhyme Factor, Key benefit, Branding. Introduction The present society is led more by information and technology base. The universities are spreading their arms beyond national borders and thus internationalization of education is taking place at rapid strides. It is inevitable for the B-Schools to share what heights they are achieving and what benefits the students of management course can reap etc. by way of persuasive, informative and corporate advertisements. 8. ‘Leadership energy’ of Moscow Business School, Russia. The Moscow B-School claims that it is known for the developing energetic leaders. 9. ‘Educating business leaders since 1910’ of John Cook School of Business in St. Louis, Missouri. The B-School positions itself that it has been training and educating business leaders for more than 100 years. A slogan is a group of words used for the creation of effective message. Slogan is direct, short, and also easily remembered. They are tools to conduct the recall tests of marketing research. An attempt is made here to present the overview of the slogans used in their advertisements: 10. ‘Leadership for the global marketplace’ of College of Business Administration at San Diego State University, USA. The B-School claims that many of its graduates have become global business leaders as the B-School gives global exposure at their learning process. 1. ‘Leading through innovation ‘of Haas School of Business, full-time and part-time MBA, Berkeley. This explains that the institute trails blazer its content and curriculum and methods are innovative and hence the B-school is always leading the others. Thus, Slogans of B-schools convey the following features or key benefits: i) Global exposure ii) Effective learning iii) Global position or rank of the b-school iv) Application of knowledge v) Training to face future challenges vi) Age and experience of the institution vii) Growth or progress orientation viii) Content-Knowledge –wisdom qualities of the package or program. ix) Better and skills oriented training x) Vision (Futuristic) orientation. xi) Commitment and leadership 2. ‘A better place to think about business’ of Haskayne School of Business in Calgary, Canada. The B-School’s claim is that it provides a better environment to think and analyze about business to enhance the aptitude for business on the part of aspirants. 3. ‘In the world, for the world’ and ‘a great place to learn’ of MIT Sloan School of Management, Cambridge. The BSchool says that in the entire world its campus is a great venue to learn by the citizens of the world. 5 Advances In Management Vol. 10 (6) June (2017) xii) Position or rank of the institution xiii) Unique Selling Proposition (USP) or Benchmark and so on. alcoholic and carbonated beverages, juices, baby foods or pet foods. It is found that the use of health claims is not wide spread and claims regarding taste and quality are prominent. Across the year, it is found no systematic increase as expected from the attention given to the use of health claims. Review of Related Literature The available literature on the studies on advertising in general is significant but not the specific issues or specific elements of advertising. An advertisement has to do research, namely verbal elements and non-verbal elements. Verbal elements include: headlines, claims, body text, slogans and non-verbal elements include: pictures, symbols, trademarks, color, size of the ads, appeal etc. Brief review of the research works on the claims or slogans of global bschools is presented as follows: Sheluga David and Jacob Jacoby7 had conducted a laboratory experiment to know whether comparative claims encourage comparison-shopping. The experiment disclosed that comparative claim is somewhat effective on capturing attention but little effect on subsequent search for product information. There are only two studies found on slogans. Katz Michael and John Rose5 have made a first work (“Is your Slogan Identifiable”) on slogans in terms of recall. The authors discuss the effectiveness of advertising slogans for individual products with in heavily advertised product categories. Similarly, Larson Carl and Hugh G Wales did a research work on slogans titled “Slogan Awareness in the Chicago Market”. The authors correlate slogan awareness with a variety of variables, the most important of which were age, income, sex and race. The first work on claims was about the interaction between comparative advertising and copy claim variations. In this work, the impact of attribution theory on the credibility and effectiveness of comparative advertising is examined in a controlled field experiment. It revealed two-sided claims to affect overall advertising believability and claim acceptance, but only to mediate behavioral response.8 Another study was on trends in factual claims in ads in magazines. A random sample of 1079 ads obtained from three general magazines namely: The New Yorker, Newsweek and Readers’ Digest. Content of these ads is analyzed for being factual (defined as containing objective signification) or non-factual (subjective signification). The analysis reveals that while ads may contain non-factual claims, the vast majority also contains factual claims in all three periods (1958, 1968 and 1978) across all three magazines, having found that there is no significant change in the trend3. Thus, there is no ample research on slogans of business and trade but slogans are used extensively by every company to position and convey the theme of the advertisement. In service industry, also slogans are in vogue for example, insurance, banking, mutual funds, healthcare providers, telecom service providers and educational institutions too. There has been innate or deep-seated growth in demand for management education due to revolutionary growth of industry and service sectors resulting in steep growth of management institutes in the world. Pitta Dennis6 has made a study on the effects of product involvement on the communication of implied advertising claims’. This study examines the effects of two message types namely assertions Vs. implications and the receivers’ product involvement on recall on three types of beliefs such as: descriptive, informational and inferential. This work is basically an experiment using actual radio commercials as the stimuli conducted with 148 college students. It is revealed that there was no significant impact of message types or product involvement on the measures studied. The following are the interesting areas to investigate about slogans of B-Schools: a) the need and purpose or purposes of slogans for BSchools. b) determination of length of slogans (short vs. lengthy) and finding the benefits of having a shorter slogan. c) whether rhyme is needed and the benefits rhymed slogans. d) exploring the key-benefits to focus through the use of slogans. Ivan L Preston4 had presented a paper on contrasting types of advertising content by examining number of pairs of terms that have been used to describe advertising claims such as objective-subjective, factual-evaluative etc. He concluded that the numerous pairs of terms can be represented by a total of four types of advertising claims with an enhanced descriptive ability. Due to productization, B-Schools have started using marketoriented communication to educate and persuade students and their parents. In this process, slogans are direct, short and powerful lines to tell the purpose, the benefit and the importance of their package to the prospects. Statement of Problem In 1987, a research work was done on Health claims in food advertising to find a bandwagon effect if any. The study is based on print ads from 21 general magazines of one-year issues. The study includes all ads of food items except of The following are some of the important research questions: How much length a slogan of a B-School should be? How to measure the length of a slogan? Does a slogan should 6 Advances In Management Vol. 10 (6) June (2017) possess rhyme? What is key benefit be conveyed and focused through a slogan? to the variables as per the objectives of the study and tabulated for further analysis. Based on the above stated research questions, the statement of problem for the research work is: “Ascertaining the characteristic features of slogans global b-schools in terms of length, finding whether rhyme factor is used, investigating the key factors conveyed and focused through the slogans. The researcher can advise the b-schools about the key benefits to embed in devising a good and effective slogan as critical part of its marketing communication”. c) Statistical tools used: The data is analyzed in terms of percentages to know the use of rhyme and to draw the priorities or rank of importance with respect to the key benefits conveyed and focused through the slogans. The basic statistical tools such as arithmetic mean, median and mode are used to know the average and most likely size of slogans and standard deviation to determine average variation in terms of number words. Significance of the Study d) Limitations of the study: The sample of slogans available for 60 b-schools may not be sufficient to generalize the conclusions. The value of a slogan depends on what it makes the readers to understand. Good slogans are idea-centered rather than word centered2. Writing slogans is a challenging and creative work. Slogans put flesh and blood into an advertisement copy. Basically they draw attention to the strength of the firm or the product and are very much useful in positioning the product. The following are the characteristics of a good slogan: • • • • Results and Discussion The findings or observations of the study are as follows: 1) Length of slogans: The descriptive statistics of the length of slogans is presented in table 1. The length of slogans is measured in terms of number of words and then computed the descriptive statistics. the slogan should be simple and straightforward. the slogan carries some pleasing sale ideas. the slogan conveys more in a compact form. the slogans finish the job in the least number of words. Table 1 Descriptive Statistics of Length of Slogans Particulars MEAN STANDARD ERROR MEDIAN MODE STANDARD DEVIATION SAMPLE VARIANCE KURTOSIS SKEWNESS RANGE MINIMUM MAXIMUM SUM COUNT In the marketing communication, slogans (Punch lines) are direct, short and powerful lines to convey the purpose, the benefit and the importance of the product or service of the B-School to the prospects. Hence the study is useful to BSchools to prepare, and structure the slogans to make their advertisements more effective. Further this research work is significantly useful in bringing out the standard features such as determining the length in number of words, justifying the use of rhyme factor and critical benefits to expose to the target market. Objectives of the study The following are the objectives of the study: a) To determine the size of slogans in terms of number of words. b) To study whether use of rhyme in slogans is significant. c) To explore the key benefits that are conveyed or focused through the slogans. d) To offer suggestions on making slogans. No. of Words 4.65 0.19 4.00 4.00 1.79 3.20 0.87 0.86 8.00 2.00 10.00 409.00 88.00 Note: N=60, some b-schools have more than one slogan, hence count = 88 Research Design As per table 1, the average length is 4.65 words and median and mode length is 4 words, implying that a majority bschools are with a slogan of 4 words. The following is the research design frame work: a) Data type and sources: The required data for the study is basically secondary in nature. The data is collected from http://www.textart.ru/advertising/slogans/business-schools. html. 2) Significance of rhyme in slogans: The use of rhyme factor is determined in the sample of slogans by classifying them into two; namely with rhyme and without rhyme and presented in table 2. b) Data classification and tabulation: The data from the above-mentioned source is collected, classified with respect Only 21.6 % of the slogans are with rhyme factors and 78.4 % the slogans are not rhymed. This implies that rhyme is not important in making the slogans. 7 Advances In Management Vol. 10 (6) June (2017) by studying there followed by effective learning (18%), position (rank of b-school is high 14%), application of knowledge (12%) and training to face future challenges (7%). Table 2 Use of Rhyme Factor Rhyme Number Percentage 19 21.6 YES 69 78.4 NO Total 88 100 Note: N=60, some b-schools have more than one slogan, hence count = 88 Table 3 Key Factors focused through the Slogans Key factor TRAINING TO FACE FUTURE CHALLENGES APPLICATION OF KNOWLEDGE POSITION EFFECTIVE LEARNING GLOBAL EXPOSURE OTHERS TOTAL 3) The most desirable message content: The most desirable message content that should be conveyed through slogans is explored from the sample of slogans and is presented in table 3. According to the table, the most desirable message content is ‘global exposure’ (22.5%), a promise by the b-schools to the prospective students that they will get global exposure Number Percentage 5 7.04 9 12.68 10 13 16 18 71 14.08 18.31 22.54 25.35 100 Annexure I Master Table – Slogans of Global Business Schools Slogan(s) S.N. Name of the B-School 1. Haas School of Business, full-time and part-time MBA Haskayne School of Business in Calgary, Canada Stanford Graduate School of Business 2. 3. 4. 5. 6. 7. 8. 9. MIT Sloan School of Management Insead, business school HEC Paris, top business school in Europe, management programs for undergraduate and postgraduate students, MBA, Master, PhD and Executive education programs Vlerick Business School, MBA and Masters programs (post-graduate degrees), postexperience management courses Bentley University in Massachusetts, business school Hult International Business School, MBA, Master program, undergraduate Rhyme Factor Yes / No No Key Factor Leading through innovation Length (No. of Words) 3 A better place to think about business 7 No Position a) Change lives. Change organizations. Change the world. Shape the future. b) Make a difference a) In the world, for the world. b) A great place to learn. a) The business school for the world. b) We develop leaders, who develop people, who develop business. c) Lift your career beyond expectations a) The more you know, the more you dare. 10 No Uniqueness 3 6 5 6 Yes Yes No Position 9 Yes 5 7 No Yes b) The MBA that builds character. 5 No c) Local roots, global reach 4 Yes a) We don't teach. We develop what's already inside you. b) Learning the practical value of knowledge 9 No 6 No a) Business in a whole new light. b) America's first business university 6 4 No No Get plugged in to the world 6 No 8 Innovation Position Position Position Learning Leadership Sharpening the skills Application of Knowledge Innovation Position Global exposure Advances In Management 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. Sauder School of Business in Vancouver, Canada Keele Management School at Keele University Kingston Business School, London Dublin Business School, undergraduate and postgraduate business education IE Business School in Madrid, Spain Odette School of Business China Europe International Business School (CEIBS), provides MBA, EMBA and Executive education programs Executive education programs at Wharton Cranfield School of Management, part of Cranfield University, UK. The Fuqua School of Business at Duke University 20. ESSEC, international business school in Europe. 21. Taxila Business School in Jaipur, India School of Business Administration at University of San Diego, full-time MBA EMLYON, international business school in Lyon, France The Hong Kong Polytechnic University, faculty of business IMI, International Management Institute, New Delhi, corporate B-School in India Ashridge Business School, MBA education NYU Stern School of Business, full-time and parttime MBA. 22. 23. 24. 25. 26. 27. Vol. 10 (6) June (2017) Opening worlds 2 No The thinking manager's MBA 4 No Take control of your career 5 No Excellence through learning 3 No Effective learning Spirit of innovation 3 No Innovation We have the degree that works… For business! 8 No a) China depth, global breadth. b) The learning interface 4 3 Yes No a) We're all business. b) Executive education that works. c) The learning experience of a lifetime a) Think… Knowledge into action. b) Knowledge into action 3 4 6 No No No Application of knowledge Global exposure Application of knowledge Effective learning 4 3 No No a) We educate thoughtful business leaders worldwide. b) An environment of performance 6 No 4 No a) You have the answer. b) My business attitude - innovation, responsibility, humanism. c) Acting first Beyond education. 4 6 2 No No No 2 No A world of opportunity 4 No Educating entrepreneurs for the world. 5 No Qualified for the real world 5 No Shaping global leaders for tomorrow 5 No Do you want to go further? 6 no We're swift, we're smart, we're Stern 6 Yes 9 Global exposure Application of knowledge Placement Application of knowledge Effective learning Results oriented Solution oriented Wholeness Position Extra learning Global exposure Application of knowledge Application of knowledge Training to face Future challenges Effective learning Effective learning Advances In Management 28. 29. 30. University of Edinburgh Business School The University of Chicago Booth School of Business Adam Smith Business School at University of Glasgow. Vol. 10 (6) June (2017) The latest school of thinking 5 No Innovation Triumph in your moment of truth 6 No Success Where theory meets practice 4 No Application of knowledge Example Global exposure Locational advantage Locational advantage Influence Effective learning Application of knowledge Global exposure Effective learning Global exposure Innovation Best choice Global exposure 31. Aston Business School, UK a) Inspiring you to be an inspiration. b) Take on the world. c) In the heart of Birmingham 6 3 5 Yes No No 32. CBS, Columbia Business School in Manhattan, New York a) At the very center of business. b) The power of possibility. c) Learning that powers performance 6 4 4 No Yes Yes 33. Durham University Business School a) Better business thinking b) Makers of business leaders 3 4 No yes 34. The Open University Business School, United Kingdom a) In the real world. b) Where the determined succeed 4 4 Yes Yes 35. IMD Business School, Switzerland a) Real world. Real learning. b) A new school of thought. c) Your intelligent option 4 5 3 Yes No No 36. MBS, Melbourne Business School, Australia, executive education, MBA (full-time, part-time and executive) and PhD programs Bradford University School of Management, England, undergraduate, postgraduate and doctoral degrees in management, including MBA Solvay Brussels School of Economics & Management, Belgium Yale School of Management Global. Business. Leaders 3 No Seize the moment. Take up the challenge. 7 No Global exposure Effective learning Belgians secret weapon. 3 Yes Effective learning Educating leaders for business and society Leadership energy 6 No 2 No Developing leaders in a time of relentless change 8 No The Netherlands business school 4 No Effective learning Effective learning Training to face Future challenges Position Learn everywhere. Manage anywhere 4 Yes Global exposure Building dynamic minds 3 No Effective learning 37. 38. 39. 40. 41. 42. 43. 44. Moscow Business School, Russia Ross School of Business at University of Michigan Nyenrode Business University ESCP Europe, business school, MBA education in Europe School of Business at University of Buckingham 10 Advances In Management 45. Vol. 10 (6) June (2017) John Cook School of Business in St. Louis, Missouri Rotterdam School of Management at Erasmus University, Netherlands. ESMT, European School of Management and Technology in Berlin, Germany. Educating business leaders since 1910. 5 No Positioning a) The business school that thinks and lives in the future. b) Connect now a) The business school founded by business. b) ESMT. Learning for leading 10 No Visionary Networking 2 6 No Yes 4 Yes 48. London Business School a) London experience. World impact. b) Transforming futures. c) Leadership for a changing world 4 2 5 No Yes No 49. MBS, Manchester Business School a) Arrive prepared. b) Forward thinking 2 2 No No 50. Tuck School of Business at Dartmouth a) Thought leadership. Business results. b) Think and work differently. c) Access the power of new ideas. Learn from the leaders 4 No 4 6 4 No No Yes You are ready 3 No Truly global 3 No Preparing global leaders 3 No Ranked 1st in Latin America. 5 No Learn here, lead anywhere 4 Yes On course to excellence 4 No The globally networked management school 5 No The new world of business is here 7 No Global exposure Leadership for the global marketplace 5 No Global exposure 46. 47. 51. Cambridge Judge Business School 52. Kelley School of Business at Indiana University, full-time MBA Thunderbird School of Global Management UCLA Anderson School of Management IPADE Business School in Monterrey, Mexico LeBow College of Business 53. 54. 55. 56. 57. 58. 59. 60. Leeds University Business School Maastricht School of Management in the Netherlands, MBA, DBA, PhD Graziadio School of Business and Management at Pepperdine University College of Business Administration at San Diego State University, USA Application of knowledge Effective learning Global exposure Training to face Future challenges Effective learning Training to face Future challenges Effective learning Innovation Innovation Application of knowledge Training to face Future challenges Global exposure Global exposure Position Global exposure Effective learning Global exposure differentiation makes a b-school unique. The recall power of a slogan is important and hence the slogan should be structured in such a manner that whenever the stakeholders; students, parents, recruiters, teachers, directors recall a slogan of a b-school, they should first get to their mind Implications A good slogan is useful in branding, positioning, image building and market targeting. Such effective slogans support in image building and value creation in terms of competitive advantage, positioning, awareness creation and 11 Advances In Management Vol. 10 (6) June (2017) 4. Preston Ivan L., Contrasting Types of Advertising Content – A case of Terminology Gone Wild, Proceedings of the 1987 Convention of American Academy of Advertising, Florence G. Feasley, ed., 25-30 (1987) global exposure, effective learning, rank of the b-school or position, application of knowledge and ability to face future challenges and so on. Scope for Future Research 5. Katz Michael and John Rose, Is your Slogan Identifiable, Journal of Advertising Research, 9(1), 21-26 (1969) The following are the areas to take-up for future research: a) An analytical and comparative study of b-schools of BRICS nations vis-à-vis top 10 b-schools in the developed nations. b) An analytical study of the impact of slogans of b-schools on marketing performance: placements and prospective admissions. c) Slogans of b-schools: its role in word of mouth publicity. 6. Pitta Dennis A., The Effects of Product Involvement on the Communication of Implied Advertising Claims, Proceedings of the 1985 Convention of the American Academy of advertising, ed., Nancy Stephens, 52-57 (1985) 7. Sheluga David A. and Jacob Jacoby, Do Comparative Claims Encourage Comparison shopping?, The Impact of Comparative Claims on Consumers’ Acquisition of Product Information, In Current Issues and Research in Advertising 1978, Eds., Leigh James and Martin Claude R., University of Michigan Press, 23-37 (1978) References 1. Chaubey U.K., The Future of MBA in India, Journal of Management, IISM, Ranchi, 1(1), page (2002) 8. Swinyard William R., The Interaction between Comparative Advertising and Copy Claim Variation, Journal of Marketing Research, 18(2), 175-186 (1981). 2. Chunnawalla, Sales Promotion and Advertising Management, Himalaya Publication, New Delhi, 90-92 (2000) (Received 04th May 2017, accepted 16th May 2017) 3. Dan Sarel, Trends in Factual Claims in Ads in Magazines, 1958, 1968 and 1978, Journalism Quarterly, 61(3), 650-54, 743 (1984) ***** 12
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